Amalgamated Financial (AMAL) Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, January 22, 2026 astatine 11:10 AM CST 20 min read

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Jan. 22, 2026 astatine 11 a.m. ET

• President & CEO — Priscilla Sims Brown

• Chief Financial Officer — Jason Darby

• Chief Banking Officer — Sam Brown

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Jason Darby: Core net was 99¢ per diluted share, again showing the consistency of our net powerfulness and teeing america up to present accordant increasing returns connected tangible communal equity. We had a record-breaking 4th for deposit gathering, generating astir $1 cardinal of caller deposits. Absolutely incredible, and not adjacent successful an predetermination year. This smashes our erstwhile grounds acceptable mode backmost successful 2020 during the highest run-up to the statesmanlike election. Our nett involvement borderline expanded again, and we booked astir $170 cardinal successful nett caller loans. One of our champion quarters ever. A batch to similar there. So let's dive successful a spot more. Deposit gathering was connected fire.

On-balance expanse deposits grew $179 cardinal to $7.9 billion, and our off-balance expanse deposits accrued $789 cardinal to $1.1 billion. Our governmental deposits accrued $287 cardinal to $1.7 billion, arsenic our stock of the fundraising taking spot up of November's midterm elections continues to grow. It's important to enactment that each of our lawsuit segments experienced deposit maturation again this quarter. Not-for-profit grew an oculus $388 million, Social and philanthropy grew $122 million, and our clime and sustainability conception grew $77 million. This across-the-board spot demonstrates the mission-aligned differentiated competitory vantage that lone Amalgamated possesses. Turning to loans. We delivered beardown maturation with loans expanding $167 cardinal oregon 3.5% to $4.9 billion.

Loans successful our maturation mode portfolios, including multifamily, CRE, and C&I, accrued by 7% oregon $218 million, a bully from the 3.3% maturation achieved successful the 3rd 4th and 2.1% maturation achieved successful the 2nd quarter. We proceed to payment from the summation of respective C&I experts we added to our team, and we expect to present much maturation successful 2026 arsenic we proceed to grow our scope connected the West Coast. Our PACE portfolio besides saw a bully acceleration with full assessments increasing $38 cardinal oregon 3% to $1.3 cardinal successful the 4th quarter. The spot came from implicit $27 cardinal successful maturation successful C PACE, wherever there's a scope of opportunities.

We proceed to ramp up with the caller originator concern we discussed with you past quarter. The question present is wherever is each of this leading? We judge Amalgamated is acceptable to turn significantly. We're acceptable to transverse $10 cardinal successful assets and person made and volition proceed to marque the indispensable investments successful radical and technology. The concern exemplary is simply a winner, and we person an exceptional proven absorption squad that tin transportation the slope into its adjacent phase. While Amalgamated has seen its just stock of circumstantial challenges during our 4 and a fractional years arsenic a team, banks broadly person been operating done bonzer biology challenges.