NASDAQ$AMAL
Amalgamated Financial Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Amalgamated Financial Corp. reported record financial results for the second quarter ended June 30, 2022.
Amalgamated Financial Corp. announced record financial results for the second quarter ended June 30, 2022, with net income of $19.6 million, or $0.63 per diluted share. Deposits increased to $7.3 billion, and loans increased to $3.6 billion. Net interest income grew to $56.5 million, and the net interest margin grew to 3.03%.
- Record earnings of $19.6 million, or $0.63 per diluted share.
- Deposits increased $317.7 million, or 4.6%, to $7.3 billion.
- Loans increased $176.3 million, or 5.1%, to $3.6 billion.
- Net interest income grew $8.1 million, or 16.7%, to $56.5 million.
Headline financials
Revenue & EPS history
Amalgamated Financial · Revenue · Quarterly
$63.7M
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
While no explicit numerical forward guidance was given, the report highlights the company's lending strategy focused on sustainability, economic justice, and community financing, with expectations of continued profitable growth and development of its deposit franchise.
Tailwinds
- Implementation of lending strategy.
- Financing investments through earnings.
- Lending to customer segments focused on sustainability, economic justice, community financing, and other social causes.
- Building a reliable lending platform staffed with experienced bankers.
- Sustaining profitable growth and continue developing our industry-leading deposit franchise.
Headwinds
- Deterioration in the financial condition of borrowers resulting in significant increases in loan losses and provisions for those losses.
- Continued fluctuation of the interest rate environment.
- Our 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, examination conclusions, or regulatory developments.
- The impact of competition with other financial institutions, including pricing pressures and the resulting impact on our results, including as a result of compression to net interest margin.
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 Q2 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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