)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Amalgamated Financial
Amalgamated Financial (AMAL) investor relations material
Amalgamated Financial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary22 Jan, 2026
Executive summary
Delivered strong Q4 2025 results with core net income of $30.0 million ($0.99 per diluted share) and record deposit growth of nearly $1 billion, with robust loan growth and margin expansion.
Achieved broad-based deposit growth across all customer segments, including political, not-for-profit, social/philanthropy, and climate/sustainability, with political deposits rising to $1.7 billion.
Core EPS increased 126.1% and net interest income rose 65.4% from FY20 to FY25, with assets growing from $6 billion to nearly $9 billion over five years.
Tangible book value per share increased 15.8% year-over-year to $26.18, driven by net income and improved mark-to-market adjustments.
Full year 2025 core net income rose 3.6% to $111.6 million, while reported net income decreased 1.9% to $104.4 million year-over-year.
Financial highlights
Q4 2025 net income was $26.6 million ($0.88 per diluted share); core net income was $30.0 million ($0.99 per diluted share).
Net interest income for Q4 was $77.9 million, up 2.0% sequentially; net interest margin rose to 3.66%.
On-balance sheet deposits grew 10.7% year-over-year to $7.9 billion; off-balance sheet deposits increased by $1.1 billion.
Net loans receivable rose 6.2% year-over-year to $4.9 billion, driven by commercial and multifamily loans.
Tangible book value per share increased $0.87 (3.4%) in Q4 and 15.8% year-over-year.
Outlook and guidance
FY26 guidance: net interest income of $327–$331 million (10–11% growth), core pre-tax, pre-provision earnings of $180–$183 million (9–10% growth).
Performance targets for 2026 include ~1.35% core ROAA, ~15% core ROTCE, ~4% core non-interest income growth, and ~5% balance sheet growth.
Expense discipline: core positive operating leverage of 3–4%, technology spend up 18%, annual core OpEx to $188 million.
Quarterly net loan growth expected at 1.5–2%; Q1 2026 net interest income projected at $79–$81 million.
Core efficiency ratio remained within the guidance threshold of 52% throughout 2025.
Multifamily loan asset quality trends and outlook
Sustaining deposit cost reduction strategy
Impact of new tax credit recognition strategy?
Political deposit growth drivers
D.C. rapid rehousing program credit risk outlook
NIM expansion levers for 2026
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Amalgamated Financial earnings date
Q1 202623 Apr, 2026
Amalgamated Financial
Next Amalgamated Financial earnings date
Q1 202623 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Amalgamated Financial Corp is a bank holding company that operates through its subsidiary, Amalgamated Bank. The company provides a range of commercial and retail banking services, including loans, deposit products, cash management, and investment services. It serves clients such as businesses, nonprofits, labor organizations, and individuals, with a focus on socially responsible banking practices. Amalgamated Financial Corp also offers trust and fiduciary services, as well as investment management solutions. The company is headquartered in New York, New York, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage