Overview
U.S. bank's Q4 core EPS rose
Net interest margin increased to 3.66% from previous quarter
Company repurchased approximately 309,000 shares during the quarter
Result Drivers
DEPOSIT GROWTH - Record deposit growth of nearly $1 bln, driven by political deposits, increased liquidity
NET INTEREST MARGIN - Net interest margin rose to 3.66%, aided by a decrease in deposit costs and higher non-interest bearing deposits
LOAN GROWTH - Net loans receivable increased by $167.4 mln, driven by growth in commercial and industrial loans and multifamily loans
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Core EPS | Beat | $0.99 | $0.91 (2 Analysts) |
Q4 EPS | $0.88 | ||
Q4 Core Net Income | $30 mln | ||
Q4 Net Income | $26.64 mln | ||
Q4 Net Interest Income | $77.85 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Amalgamated Financial Corp is $34.50, about 4.2% below its January 21 closing price of $36.03
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nBw5Sw07ka
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)