Socially responsible bank Amalgamated Financial (NASDAQ: AMAL) will be reporting results this Thursday before the bell. Here’s what you need to know.
Amalgamated Financial missed analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $80.93 million, up 3.2% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates and a narrow beat of analysts’ EPS estimates.
Is Amalgamated Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Amalgamated Financial’s revenue to grow 2.8% year on year to $83.32 million, slowing from the 14.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amalgamated Financial has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Amalgamated Financial’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. East West Bank delivered year-on-year revenue growth of 18.3%, beating analysts’ expectations by 7.1%, and First Horizon reported revenues up 7.5%, topping estimates by 7.7%. First Horizon traded down 13.3% following the results.
Read our full analysis of East West Bank’s results here and First Horizon’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Amalgamated Financial is down 4.6% during the same time and is heading into earnings with an average analyst price target of $31.50 (compared to the current share price of $26.70).
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