NASDAQ$AMAL
Amalgamated Financial Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported record earnings for the third quarter of 2022.
Amalgamated Financial Corp. announced record financial results for the third quarter ended September 30, 2022, with net income of $22.9 million, or $0.74 per diluted share. Core net income, excluding the impact of solar tax equity investments, was $24.8 million, or $0.80 per diluted share. Average deposits increased by $191.1 million to $7.3 billion, and loans receivable increased by $220.2 million to $3.8 billion.
- Record earnings of $22.9 million, or $0.74 per diluted share.
- Core net income was $24.8 million, or $0.80 per diluted share, excluding the impact of solar tax equity investments.
- Average deposits increased by $191.1 million, or 2.7%, to $7.3 billion.
- Loans receivable, net of allowance and deferred fees and costs, increased $220.2 million, or 6.1%, to $3.8 billion.
Headline financials
Revenue & EPS history
Amalgamated Financial · Revenue · Quarterly
$72.6M
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 anticipates accelerated runoff of political deposits in the fourth quarter related to the conclusion of the congressional elections.
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 Q3 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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