Amalgamated Financial | 10-Q: FY2025 Q3 Revenue: USD 118.75 M

LB filings
2025.11.04 13:31
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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

  • Commercial and Industrial: $1,273.9 million as of September 30, 2025, compared to $1,175.5 million as of December 31, 2024.
  • Multifamily: $1,454.1 million as of September 30, 2025, compared to $1,351.6 million as of December 31, 2024.
  • Commercial Real Estate: $396.2 million as of September 30, 2025, compared to $411.4 million as of December 31, 2024.
  • Construction and Land Development: $22.6 million as of September 30, 2025, compared to $20.7 million as of December 31, 2024.
  • Residential Real Estate Lending: $1,277.4 million as of September 30, 2025, compared to $1,313.6 million as of December 31, 2024.
  • Consumer Solar: $335.5 million as of September 30, 2025, compared to $365.5 million as of December 31, 2024.
  • Consumer and Other: $29.1 million as of September 30, 2025, compared to $34.6 million as of December 31, 2024.

Operational Metrics

  • Net Income: $26.8 million for the three months ended September 30, 2025, compared to $27.9 million for the same period in 2024.
  • Net Interest Income: $76.4 million for the three months ended September 30, 2025, compared to $72.1 million for the same period in 2024.
  • Provision for Credit Losses: $5.3 million for the three months ended September 30, 2025, compared to $1.8 million for the same period in 2024.
  • Non-Interest Income: $9.2 million for the three months ended September 30, 2025, compared to $8.9 million for the same period in 2024.
  • Non-Interest Expense: $43.6 million for the three months ended September 30, 2025, compared to $41.0 million for the same period in 2024.

Cash Flow

  • Operating Cash Flow: $98.6 million for the nine months ended September 30, 2025, compared to $95.1 million for the same period in 2024.
  • Net Cash Used in Investing Activities: -$356.0 million for the nine months ended September 30, 2025, compared to -$371.2 million for the same period in 2024.
  • Net Cash Provided by Financing Activities: $312.2 million for the nine months ended September 30, 2025, compared to $334.8 million for the same period in 2024.

Unique Metrics

  • Allowance for Credit Losses: $56.5 million as of September 30, 2025, compared to $60.1 million as of December 31, 2024.
  • Nonaccrual Loans: $22.5 million as of September 30, 2025, compared to $21.0 million as of December 31, 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue focusing on its core business areas, including commercial and industrial loans, multifamily loans, and residential real estate lending. The company aims to maintain a strong credit quality and manage its allowance for credit losses effectively.
  • Non-Core Business: The company will continue to monitor and manage its consumer solar and other consumer loans segments, ensuring that these areas do not negatively impact the overall financial health of the company.
  • Priority: The company emphasizes maintaining a strong liquidity position and managing its deposit base effectively to support future growth and stability.
Source: LB filings The copyright of this article belongs to the original author/organization.
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