Amalgamated Financial Corp. (AMAL)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
$49.17+0.27%
Close 2026-09-04 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
Broken: Recent financial performance freshly dropped to the bottom half of its industry.
Amalgamated Financial Corp. grows revenue to about $295 million in 2025 and targets $93 million in 2026-Q4. Earnings per share are expected near $3.41 in 2026. The company steadily raises dividends from $0.14 to $0.17 per share and expands share buybacks by $31.4 million. Profitability and capital returns show durable strength.
Revenue is expected to decline about 5% next year, signaling weakening demand. Earnings missed in early 2026 and management progress on growth targets is mixed. The impact of expanded buybacks on shareholder value is uncertain. Dividend growth may stall if cash flow weakens.
The market prices in about -5% revenue growth and a price about 5% above our fair value near $44. Our view sees the company meeting its revenue and earnings targets, supporting the current valuation.
Breaks if: Dividend per share falls below $0.17 in 2026-Q1
Continue paying and growing quarterly dividends, recently declared at $0.17 per share.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a moderate risk profile with a focus on the Financials sector. The current thesis state is weakened, as recent financial performance has slipped from the top half to the bottom half of its industry.
The market appears to price AMAL with a low fragility tier and a justified valuation. There is a slight expectations gap, indicating that the market anticipates modest growth compared to peers.
Management is focused on executing revenue and earnings targets, with recent growth in both metrics. However, there is a near-term risk of missing earnings expectations, especially given the company's history of misses.
The thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC. If these companies continue to perform well, it could provide a favorable backdrop for AMAL.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. Recent financial performance fell from the robust half to the weak half of its sector. This change indicates a decline in the reasons to own the company. The latest earnings beat does provide some support, but it is not enough to offset the overall weakening.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 2 of last 2 quarters with dividends declared and paid at $0.17 per share, up from $0.14 in 2025-Q3. Dividend payments are consistent and show a maintained growth trajectory as management committed.
“Board declared a quarterly dividend of $0.17 per share payable August 20, 2026.”
“Paid dividend of $5.2 million, at $0.17 per share.”
Breaks if: EPS falls below $3.41 in FY26
Focus on delivering and executing revenue and earnings growth targets over the balance of the year.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $109.3M in 2026-Q1 to $117.2M in 2026-Q2, and net income increased from $25.2M to $34.8M over the same period. Management's focus on executing revenue and earnings targets is delivering with clear growth in financial results.
“We are successfully converting balance sheet growth into record earnings, record profitability, and a scalable platform for future performance.”
“With the momentum we saw in the quarter, we are focused on executing and delivering on our revenue and earnings targets over the balance of the year.”
Breaks if: Revenue falls below $295 million in FY25 or below $93.4 million in 2026-Q4
Focus on delivering and executing revenue and earnings growth targets over the balance of the year.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $109.3M in 2026-Q1 to $117.2M in 2026-Q2, and net income increased from $25.2M to $34.8M over the same period. Management's focus on executing revenue and earnings targets is delivering with clear growth in financial results.
“We are successfully converting balance sheet growth into record earnings, record profitability, and a scalable platform for future performance.”
“With the momentum we saw in the quarter, we are focused on executing and delivering on our revenue and earnings targets over the balance of the year.”
Breaks if: Buyback authorization falls below $40 million in 2026-Q2
Expand the share repurchase program with a new authorization of up to $40 million for future stock buybacks.
Newly stated in 2026-Q2 with Board approval of a $40 million share repurchase program. No prior quarters mention this expansion. This is a fresh capital allocation priority with no financial delivery data yet available.
“On June 9, 2026, a new $40 million share repurchase program was approved.”
In the next 1-3 years, AMAL's performance will depend heavily on sector trends and management execution. Not investment advice.