Amalgamated Financial | 8-K: FY2025 Q3 Revenue: USD 118.75 M

Revenue: As of FY2025 Q3, the actual value is USD 118.75 M.

EPS: As of FY2025 Q3, the actual value is USD 0.88, beating the estimate of USD 0.875.

EBIT: As of FY2025 Q3, the actual value is USD -39.76 M.

Segment Revenue

• Net Interest Income: Increased by $3.5 million, or 4.9%, to $76.4 million in the third quarter of 2025 compared to the previous quarter.
• Non-Interest Income: Increased to $9.2 million from $8.0 million in the prior quarter, with core non-interest income at $10.0 million, up from $9.3 million.
• Deposit Growth: $149.0 million for 3Q25.

Operational Metrics

• Net Income: $26.8 million, or $0.88 per diluted share, compared to $26.0 million, or $0.84 per diluted share, in the previous quarter.
• Core Net Income: $27.6 million, or $0.91 per diluted share, compared to $27.0 million, or $0.88 per diluted share, in the previous quarter.
• Non-Interest Expense: Increased by $3.0 million to $43.6 million, with core non-interest expense at $43.4 million, an increase of $2.9 million from the prior quarter.
• Provision for Credit Losses: $5.3 million, up from $4.9 million in the previous quarter.
• Core Efficiency Ratio: 50.17% for 3Q25.
• Core ROAA: 1.27% for 3Q25.
• Core ROATCE: 14.65% for 3Q25.

Cash Flow

• Operating Cash Flow: Not explicitly detailed in the reference.
• Free Cash Flow: Not explicitly detailed in the reference.

Unique Metrics

• Net Interest Margin: Increased by 5 basis points to 3.60%.
• Tangible Book Value per Share: Increased by $0.98, or 4.0%, to $25.31.
• Tier 1 Leverage Ratio: 9.18% and Common Equity Tier 1 Ratio: 14.21%.
• Political Deposits: $1.444 billion for 3Q25, up from $1.209 billion in 2Q25.
• Total Non-Performing Assets: $23.0 million for 3Q25, down from $35.2 million in 2Q25.
• Allowance for Credit Losses on Loans: 1.18% of total loans for 3Q25.
• Tangible Common Equity Ratio: 8.79% for 3Q25.

Outlook / Guidance

• The company anticipates maintaining strong earnings quality and sustainability, which will allow it to handle problem situations with ease. The focus remains on delivering great results and managing challenges effectively.
• 2025 Guidance: The company expects year-end balance sheet growth of approximately 3%, a Tier 1 leverage baseline of 9.0%, a core efficiency ratio outer band of 52%, annual core ROAA of 1.3%, and core revenue growth between 3.5% and 5.0%.
• 4Q25 Outlook: Net interest income is projected to be between $75 million and $76 million, and core pre-tax pre-provision earnings are expected to be between $41 million and $42 million.