NASDAQ$AMAL
Amalgamated Financial Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Amalgamated Financial Corp. announced financial results for the first quarter ended March 31, 2022.
Amalgamated Financial Corp. reported a net income of $14.2 million, or $0.45 per diluted share. Deposits increased to $7.0 billion, and loans increased to $3.4 billion. The company's credit quality improved, with criticized assets declining.
- Net income was $14.2 million, or $0.45 per diluted share.
- Deposits increased to $7.0 billion, with political deposits increasing to $1.1 billion.
- Loans increased to $3.4 billion.
- Credit quality improved with criticized assets declining.
Headline financials
Revenue & EPS history
Amalgamated Financial · Revenue · Quarterly
$55.8M
Revenue by segment
Amalgamated Financial · $8.29M total across 5 segments · Q1 2023
- Trust Fees$3.93M—47.4%
- Deposit Fees$2.46M—29.6%
- Other Income$973K—11.7%
- BOLI Income$781K—9.4%
- Equity Inv. Income$153K—1.8%
Forward guidance
The company expects to deliver high-single-digit loan growth in 2022 and sustained profitability.
Tailwinds
- Confident in delivering high-single-digit loan growth in 2022
- Expectation to further improve performance metrics
- Anticipated improvement in valuation through prudent use of capital
- Focus on shareholder returns
- Balance sheet is well positioned to capitalize on the current rising interest rate environment
Headwinds
- Deterioration in the financial condition of borrowers resulting in significant increases in loan losses
- Continuation of the historically low short-term interest rate environment
- Inability to maintain the historical growth rate of the loan portfolio
- Changes in loan underwriting, credit review or loss reserve policies associated with economic conditions
- The impact of competition with other financial institutions, including pricing pressures and the resulting impact on our results
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.8%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+3.1%
Avg return
30 days after
59%
19 / 32 earnings
Positive
+12.4%
Q3 2023
Best reaction
-7.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.3% | -2.7% | -2.4% | |
| Q4 2025 | +6.9% | +5.9% | +12.3% | |
| Q3 2025 | +3.0% | +4.4% | +8.0% | |
| Q2 2025 | -0.9% | -4.4% | -4.1% | |
| Q1 2025 | -1.4% | +2.3% | +5.2% | |
| Q4 2024 | -4.9% | -7.0% | -11.1% | |
| Q3 2024 | -0.6% | +0.0% | +7.4% | |
| Q2 2024 | +1.0% | +1.0% | +1.9% | |
| Q1 2024 | +2.6% | +2.3% | +5.5% | |
| Q4 2023 | -1.5% | +3.5% | -11.0% | |
| Q3 2023 | +12.4% | +17.1% | +32.8% | |
| Q2 2023 | -2.6% | -4.7% | -15.0% | |
| Q1 2023 | -1.0% | -8.8% | -10.4% | |
| Q4 2022 | -2.5% | -1.0% | +1.0% | |
| Q3 2022 | +1.4% | +7.3% | +15.0% | |
| Q2 2022 | +5.5% | +6.2% | +4.1% | |
| Q1 2022 | +1.4% | +9.2% | +15.0% | |
| Q4 2021 | +0.3% | +3.5% | +7.0% | |
| Q3 2021 | +2.1% | +4.4% | -4.9% | |
| Q2 2021 | -1.3% | -0.6% | +1.2% | |
| Q1 2021 | +0.2% | -1.4% | -3.4% | |
| Q4 2020 | +6.5% | +7.8% | +27.5% | |
| Q3 2020 | -3.9% | -2.1% | +15.9% | |
| Q2 2020 | +10.3% | +2.1% | +7.3% | |
| Q1 2020 | -7.7% | -14.7% | -4.4% | |
| Q4 2019 | +3.1% | +8.5% | -7.8% | |
| Q3 2019 | +0.3% | +7.5% | +11.5% | |
| Q2 2019 | +1.1% | -1.7% | -5.9% | |
| Q1 2019 | +2.5% | +4.7% | +0.2% | |
| Q4 2018 | -2.8% | -3.3% | -8.9% | |
| Q3 2018 | +0.3% | +2.9% | +7.0% | |
| Q2 2018 | +1.5% | +3.8% | +1.8% | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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