Q4 2025 Amalgamated Financial Corp Earnings Call Transcript
Key Points
- Amalgamated Financial Corp (AMAL) reported core earnings of $0.99 per diluted share, demonstrating consistent earnings power.
- The company achieved a record-breaking quarter for deposit gathering, generating nearly $1 billion in new deposits.
- Net interest margin expanded, and the company booked almost $170 million in net new loans, marking one of its best quarters.
- All customer segments experienced deposit growth, showcasing the company's mission-aligned competitive advantage.
- The company is poised for significant growth, aiming to cross $10 billion in assets with investments in people and technology.
- The company experienced some credit turbulence, with an elevated charge-off ratio and increased reserves for certain loans.
- Provision expenses are expected to remain roughly the same as 2025, indicating ongoing credit cost challenges.
- Expenses increased due to noncore severance costs, impacting the overall cost structure.
- The company faced challenges from the fastest rate hike environment in 60 years and the longest inverted yield curve in 40 years.
- Asset quality metrics showed some stress, particularly in the D.C. market related to the rapid rehousing program restructuring.
Good morning, and welcome to the Amalgamated Financial Corporation Fourth Quarter 2025 Earnings Call. (Operator Instructions) A replay of the call and the accompanying slides are available on our Investor Relations website. Please review the forward-looking statements and non-GAAP disclosures on Slide 2. As a reminder, this conference call is being recorded.
I would now like to turn the call over to Mr. Jason Darby, Chief Financial Officer. Please go ahead, sir.
Thank you, operator, and good morning, everyone. We appreciate your participation in our earnings call. With me today is Priscilla Sims Brown, our President and Chief Executive Officer. Additionally, Sam Brown, our Chief Banking Officer, is here for the Q&A portion of today's call. We'll be continuing with shorter prepared comments this quarter to get to your questions faster and avoid repeating details you've already reviewed in the earnings materials.
I'll now turn the call over to
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