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Amalgamated Financial Corp   (AMAL)
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    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Amalgamated Financial Corp

AMAL's Financial Statements and Analysis



Amalgamated Financial Corp reported in the forth quarter of 2023 net earnings per share of $0.75 a decrease by -4.72 % year on year from $0.79 and an improvement of 2.83 % from $0.73 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.75 $  73 Mill
$-0.04     -4.72 % $+6M     +8.68 %



Amalgamated Financial 's Revenue rose by 8.68 % in forth quarter of 2023 (Dec 31 2023) year on year, to $73 million and advanced by 6.53 % sequentially.


Amalgamated Financial is

More on AMAL's Income Statement



Amalgamated Financial 's net income of $22.690 million in the forth quarter of 2023 decreased by -8.34 % from net earnings of $24.755 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 1.71 % from net income of $22.308 million realized in previous quarter.

More on AMAL's Growth

Amalgamated Financial Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-50 million, capital expenditures fell by -0.18142.54%, to $0 millions compare to same quarter a year ago

More on AMAL's Cash flow Statement


Amalgamated Financial Corp payed out dividend of $0.40 per share in last 52 weeks representing 13.94 % of net earning per share in trailing twelve-month period.

During the same period Amalgamated Financial Corp earned $ 3.81 cash per share, on a free-cash flow basis 132.78 % of net earning per share.

Book value grew by 6.45 % sequentially to $19.03 per share, 94.94% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 18.54 per share from $ 17.37.

Company issued 0.20 million shares or 0.66 % in Dec 31 2023.
Interest Coverage Ratio was 2.29. Debt Coverage Ratio was 0.79.

More on AMAL's Dividends

 Market Capitalization (Millions) 718
 Shares Outstanding (Millions) 31
 Total Debt (Millions $) 305
 Revenue (TTM) (Millions $) 276
 Net Income (TTM) (Millions $) 88
 Cash Flow (TTM) (Millions $) 27
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0.4 $
 Dividend Yield TTM (%) 1.71 %
 Employees (TTM) $ -




Amalgamated Financial Corp payed out dividend of $0.40 per share in the last 52 weeks representing 13.94 % of net earning per share in trailing twelve-month period.

During the same period Amalgamated Financial Corp had $ 3.81 cash flow per share, on a free-cash flow basis 132.78 % of net earning per share.

Book value grew by 6.45 % sequentially to $19.03 per share, 94.94% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 18.54 per share from $ 17.37.

Company issued 0.20 million shares or 0.66 % in Dec 31 2023.
Interest Coverage Ratio was 2.29. Debt Coverage Ratio was 0.79.

More on AMAL's Balance Sheets

 Market Capitalization (Millions) 718
 Shares Outstanding (Millions) 31
 Total Debt (Millions $) 305
 Revenue (TTM) (Millions $) 276
 Net Income (TTM) (Millions $) 88
 Cash Flow (TTM) (Millions $) 27
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0.4 $
 Dividend Yield TTM (%) 1.71 %
 Employees (TTM) $ -
   


  News about Amalgamated Financial Corp Earnings

Amalgamated Financial Corp Delivers Strong Top-line Growth in Fourth Quarter of 20232.

Amalgamated Financial Corp, a renowned financial institution listed on the Nasdaq stock exchange under the ticker symbol AMAL, has released its financial results for the period ending December 31, 2023. The company reported a net profit per share of $0.75 and revenue of $68.49 million for the quarter. While the net profit per share decreased compared to the previous year, the company saw an 8.678% increase in revenue.
In contrast to the previous quarter, where revenue surged by 6.526% and income improved by 2.83%, Amalgamated Financial Corp focused on improving sales in the October to December period. This shift in focus resulted in a decrease in net margin to 31.1%. However, operating earnings rose by 1...

Amalgamated Financial Corp Boosts Revenue and Rewards Shareholders with Regular Dividend Payout

Amalgamated Financial Corp (AMAL) has recently announced a regular dividend payout to ...

Amalgamated Financial Corp Celebrates a Robust 11.11% Income Boost in the Second Quarter of 2023



Amalgamated Financial Corp (AMAL) recently released its financial results for the three months ending Jun 30, 2023. The company reported significant growth in revenue, earnings per share (EPS), and bottom-line earnings compared to the previous year. Additionally, AMAL highlighted its improving profit margins, reinforcing a positive outlook for the company's future growth prospects.
1. Revenue Growth:
AMAL's revenue for the quarter reached $66.99 million, showing a 10.121% increase year-on-year. Although revenue decreased slightly by -0.801% from the previous quarter, it remains an impressive accomplishment for AMAL. As revenue growth is a crucial indicator of a company's performance, this u...

Amalgamated Financial Corp Smashes Expectations with an Impressive 53% Surge in Earnings per Share

Amalgamated Financial Corp (AMAL) has shown an impressive increase in earnings and revenue in the first quarter of 2023, with earnings jumping by 53.33% year on year to $0.69 per share and revenue increasing by 26.231% to $67.53 million. However, profits fell by -12.42% from $0.79 per share, and revenue increased by only 0.584% from $67.14 million in the previous year.
Despite this, the net earnings of $21.338 million in the fiscal time-frame closing March 31, 2023, increased by 50.64% from the net earnings of $14.165 million reported in the same fiscal time-frame, the previous year. This indicates the company's success in managing its expenses and optimizing its profits.
Moreover, Amalgamated Fina...


Date modified: 2024-03-08T12:40:04+00:00





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