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Compared to Estimates, Amalgamated Financial (AMAL) Q3 Earnings: A Look at Key Metrics
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Amalgamated Financial (AMAL - Free Report) reported $70.51 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 2.9%. EPS of $0.76 for the same period compares to $0.77 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $70.06 million, representing a surprise of +0.65%. The company delivered an EPS surprise of +7.04%, with the consensus EPS estimate being $0.71.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Amalgamated Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Balance - Total interest-earning assets: $7.69 billion compared to the $7.52 billion average estimate based on two analysts.
Net Interest Margin: 3.3% versus 3.3% estimated by two analysts on average.
Efficiency Ratio: 53% versus the two-analyst average estimate of 52.7%.
Net Interest Income: $63.73 million versus $61.69 million estimated by two analysts on average.
Service charges on deposit accounts: $2.73 million versus the two-analyst average estimate of $2.88 million.
Trust department fees: $3.68 million versus the two-analyst average estimate of $4.05 million.
Non-interest income: $6.78 million versus $8.44 million estimated by two analysts on average.
Shares of Amalgamated Financial have returned -10.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Amalgamated Financial (AMAL) Q3 Earnings: A Look at Key Metrics
Amalgamated Financial (AMAL - Free Report) reported $70.51 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 2.9%. EPS of $0.76 for the same period compares to $0.77 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $70.06 million, representing a surprise of +0.65%. The company delivered an EPS surprise of +7.04%, with the consensus EPS estimate being $0.71.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Amalgamated Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Balance - Total interest-earning assets: $7.69 billion compared to the $7.52 billion average estimate based on two analysts.
- Net Interest Margin: 3.3% versus 3.3% estimated by two analysts on average.
- Efficiency Ratio: 53% versus the two-analyst average estimate of 52.7%.
- Net Interest Income: $63.73 million versus $61.69 million estimated by two analysts on average.
- Service charges on deposit accounts: $2.73 million versus the two-analyst average estimate of $2.88 million.
- Trust department fees: $3.68 million versus the two-analyst average estimate of $4.05 million.
- Non-interest income: $6.78 million versus $8.44 million estimated by two analysts on average.
View all Key Company Metrics for Amalgamated Financial here>>>Shares of Amalgamated Financial have returned -10.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.