NASDAQ : AMAL
Amalgamated Financial Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 50.065 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.49B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 258.69M | 240.62M | 215.38M | 191.29M | 145.65M | 123.32M |
| Interest Income on Investments | 195.40M | 181.61M | 185.92M | 166.78M | 112.84M | 57.21M |
| Total Interest Income | 454.09M | 422.23M | 401.30M | 358.08M | 258.49M | 180.53M |
| Interest Paid on Deposits | 119.84M | 121.55M | 113.46M | 81.12M | 11.06M | 5.82M |
| Interest Paid on Borrowings | 2.25M | 2.89M | 5.41M | 15.64M | 7.59M | 399.00K |
| Total Interest Expense | 122.09M | 124.44M | 118.87M | 96.77M | 18.65M | 6.22M |
| Net Interest Income | 332.00M | 297.78M | 282.43M | 261.31M | 239.84M | 174.30M |
| Trust Income | 16.96M | 16.18M | 15.19M | 15.18M | 14.45M | 13.35M |
| Gain (Loss) on Sale of Investments | -1.77M | -3.43M | -9.70M | -7.39M | -3.64M | 654.00K |
| Gain (Loss) on Sale of Equity Investments | 1.20M | -1.73M | -831.00K | 4.93M | -2.77M | 150.00K |
| Other Non-Interest Income | 5.66M | 5.14M | 3.48M | 4.19M | 5.04M | 3.40M |
| Total Non-Interest Income | 46.66M | 30.94M | 32.12M | 27.94M | 23.30M | 28.39M |
| Revenues Before Loan Losses | 378.67M | 328.72M | 314.55M | 289.25M | 263.14M | 202.69M |
| Provision for Loan Losses | 27.08M | 16.32M | 10.28M | 14.67M | 15.00M | -287.00K |
| Revenue | 351.59M | 312.40M | 304.26M | 274.58M | 248.13M | 202.98M |
| Salaries and Employee Benefits | 101.67M | 91.64M | 88.23M | 81.09M | 72.03M | 68.05M |
| Occupancy Expenses | 7.41M | 5.25M | 5.71M | 6.39M | 6.51M | 14.02M |
| Federal Deposit Insurance | 4.14M | 3.77M | 3.71M | 4.02M | 3.23M | 2.53M |
| Amortization of Goodwill & Intangibles | 458.00K | 574.00K | 730.00K | 888.00K | 1.05M | 1.21M |
| Selling, General & Administrative | 61.78M | 57.92M | 48.87M | 46.30M | 44.80M | 37.09M |
| Other Non-Interest Expense | 14.29M | 13.08M | 12.52M | 12.57M | 12.96M | 9.36M |
| Total Non-Interest Expense | 189.75M | 172.25M | 159.77M | 151.25M | 140.57M | 132.25M |
| EBT Excluding Unusual Items | 161.84M | 140.16M | 144.49M | 123.33M | 107.56M | 70.72M |
| Other Unusual Items | 1.36M | 1.10M | 1.40M | 600.00K | ||
| Pretax Income | 163.19M | 140.16M | 145.59M | 124.73M | 108.16M | 70.72M |
| Income Tax Expense | 40.13M | 35.71M | 39.16M | 36.75M | 26.69M | 17.79M |
| Net Income | 123.06M | 104.45M | 106.43M | 87.98M | 81.48M | 52.94M |
| Preferred Dividends & Other Adjustments | 22.00K | 22.00K | ||||
| Net Income to Common | 123.06M | 104.45M | 106.43M | 87.98M | 81.45M | 52.91M |
| Basic Shares Outstanding | 29.87M | 30.33M | 30.59M | 30.55M | 30.82M | 31.10M |
| Diluted Shares Outstanding | 30.24M | 30.63M | 30.94M | 30.79M | 31.19M | 31.51M |
| EPS (Basic) | 4.12 | 3.44 | 3.48 | 2.88 | 2.64 | 1.70 |
| EPS (Diluted) | 4.07 | 3.41 | 3.44 | 2.86 | 2.61 | 1.68 |
| Dividend Per Share | 0.17 | 0.59 | 0.48 | 0.40 | 0.36 | 0.32 |
| Effective Tax Rate | 24.59% | 25.48% | 26.89% | 29.47% | 24.67% | 25.15% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 262.52M | 290.52M | 60.05M | 90.17M | 63.14M | 330.08M |
| Investment Securities | 3.97B | 2.30B | 2.26B | 2.29B | 2.30B | 2.16B |
| Trading Asset Securities | 1.75M | 2.17M | ||||
| Mortgage-Backed Securities | 1.09B | 984.33M | 951.16M | 1.09B | 1.04B | |
| Total Investments | 3.97B | 3.40B | 3.25B | 3.24B | 3.39B | 3.19B |
| Gross Loans | 5.20B | 4.96B | 4.67B | 4.41B | 4.11B | 3.31B |
| Allowance for Loan Losses | -70.20M | -57.59M | -60.09M | -65.69M | -45.03M | -35.87M |
| Net Loans | 5.13B | 4.90B | 4.61B | 4.35B | 4.06B | 3.28B |
| Property, Plant & Equipment | 100.83M | 14.29M | 20.62M | 28.88M | 38.09M | 44.85M |
| Goodwill | 12.94M | 12.94M | 12.94M | 12.94M | 12.94M | 12.94M |
| Other Intangible Assets | 598.00K | 913.00K | 1.49M | 2.22M | 3.10M | 4.15M |
| Loans Held for Sale | 459.00K | 2.81M | 37.59M | 1.82M | 7.94M | 3.28M |
| Accrued Interest Receivable | 64.53M | 65.13M | 61.17M | 55.48M | 41.44M | 28.82M |
| Other Receivables | 9.10M | 17.90M | 8.00M | 12.10M | 20.80M | |
| Restricted Cash | 700.00K | 700.00K | 400.00K | 400.00K | 400.00K | |
| Long-Term Deferred Tax Assets | 43.65M | 30.75M | 42.44M | 56.60M | 62.51M | 26.72M |
| Other Real Estate Owned & Foreclosed | 461.00K | 936.00K | 4.86M | 1.02M | 6.95M | 307.00K |
| Other Long-Term Assets | 142.95M | 141.10M | 118.95M | 121.88M | 116.10M | 132.60M |
| Total Assets | 9.73B | 8.87B | 8.26B | 7.97B | 7.84B | 7.08B |
| Interest Bearing Deposits | 5.01B | 4.66B | 4.26B | 4.03B | 3.15B | 2.98B |
| Institutional Deposits | 51.70M | 48.50M | 42.20M | 110.40M | 43.70M | |
| Non-Interest Bearing Deposits | 3.70B | 3.23B | 2.87B | 2.94B | 3.33B | 3.34B |
| Total Deposits | 8.71B | 7.95B | 7.18B | 7.01B | 6.60B | 6.36B |
| Short-Term Borrowings | 5.76M | 250.71M | 234.38M | 580.00M | ||
| Current Portion of Leases | 9.26M | |||||
| Long-Term Debt | 59.84M | 63.79M | 63.70M | 70.55M | 77.71M | 83.83M |
| Long-Term Leases | 73.90M | 2.99M | 19.73M | 30.65M | 40.78M | 48.16M |
| Pension & Post-Retirement Benefits | 1.86M | 2.11M | 2.47M | 2.85M | 3.66M | |
| Other Long-Term Liabilities | 51.94M | 42.46M | 32.38M | 36.93M | 37.79M | 22.10M |
| Total Liabilities | 8.90B | 8.08B | 7.55B | 7.39B | 7.33B | 6.51B |
| Common Stock | 315.00K | 312.00K | 308.00K | 307.00K | 307.00K | 311.00K |
| Additional Paid-In Capital | 298.13M | 294.13M | 288.66M | 288.23M | 286.95M | 297.98M |
| Retained Earnings | 648.27M | 567.27M | 480.14M | 388.03M | 330.27M | 260.05M |
| Treasury Stock | -44.46M | -35.16M | -2.82M | -5.34M | ||
| Comprehensive Income & Other | -68.70M | -32.09M | -58.64M | -86.00M | -108.71M | 5.41M |
| Total Common Equity | 833.56M | 794.46M | 707.65M | 585.23M | 508.82M | 563.74M |
| Minority Interest | 133.00K | 133.00K | 133.00K | |||
| Shareholders' Equity | 833.56M | 794.46M | 707.65M | 585.36M | 508.95M | 563.88M |
| Total Liabilities & Equity | 9.73B | 8.87B | 8.26B | 7.97B | 7.84B | 7.08B |
| Total Debt | 133.75M | 81.80M | 334.14M | 335.57M | 698.49M | 131.99M |
| Net Cash (Debt) | 192.01M | 259.13M | -248.19M | -195.40M | -609.59M | 427.11M |
| Net Cash Per Share | 6.35 | 8.46 | -8.02 | -6.35 | -19.54 | 13.55 |
| Filing Date Shares Outstanding | 29.78M | 29.83M | 30.69M | 30.51M | 30.74M | 31.12M |
| Total Common Shares Outstanding | 29.78M | 29.82M | 30.67M | 30.43M | 30.70M | 31.13M |
| Book Value Per Share | 27.99 | 26.64 | 23.07 | 19.23 | 16.57 | 18.11 |
| Tangible Book Value | 820.03M | 780.62M | 693.23M | 570.08M | 492.78M | 546.65M |
| Tangible Book Value Per Share | 27.54 | 26.18 | 22.60 | 18.74 | 16.05 | 17.56 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 104.45M | 106.43M | 87.98M | 81.48M | 52.94M | |
| Depreciation & Amortization | 6.80M | 5.43M | 6.40M | 10.35M | 4.84M | |
| Other Amortization | 2.74M | |||||
| Gain (Loss) on Sale of Assets | 168.00K | 407.00K | ||||
| Gain (Loss) on Sale of Investments | 3.43M | 9.70M | 7.39M | 3.62M | 3.21M | |
| Provision for Credit Losses | 16.32M | 10.28M | 14.67M | 15.00M | -287.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -1.10M | 429.00K | 3.24M | 20.02M | 10.73M | |
| Accrued Interest Receivable | -3.96M | -5.69M | -14.04M | -12.62M | -4.85M | |
| Change in Other Net Operating Assets | -2.64M | -21.19M | 9.65M | 11.37M | -5.75M | |
| Other Operating Activities | 1.11M | 4.10M | 2.21M | 11.86M | 6.78M | |
| Operating Cash Flow | 135.78M | 124.06M | 117.22M | 147.32M | 70.54M | |
| Capital Expenditures | -1.38M | -1.77M | -1.48M | -1.67M | -2.40M | |
| Sale of Property, Plant and Equipment | 46.00K | |||||
| Investment in Securities | -95.85M | -5.56M | 180.36M | -556.30M | -959.82M | |
| Income (Loss) Equity Investments | 1.73M | 831.00K | -4.93M | 2.77M | -150.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -293.73M | -297.31M | -341.46M | -623.01M | 93.31M | |
| Other Investing Activities | 12.89M | -11.30M | 28.17M | -21.65M | 1.22M | |
| Investing Cash Flow | -378.02M | -315.95M | -134.41M | -1.20B | -865.41M | |
| Short-Term Debt Issued | 16.32M | 580.00M | ||||
| Long-Term Debt Issued | 83.83M | |||||
| Total Debt Issued | 16.32M | 580.00M | 83.83M | |||
| Short-Term Debt Repaid | -244.95M | -345.62M | ||||
| Long-Term Debt Repaid | -5.92M | -6.05M | -5.63M | |||
| Total Debt Repaid | -244.95M | -5.92M | -351.67M | -5.63M | ||
| Net Debt Issued (Repaid) | -244.95M | 10.40M | -351.67M | 574.37M | 83.83M | |
| Issuance of Common Stock | 1.39M | 789.00K | 804.00K | 665.00K | ||
| Repurchase of Common Stock | -35.17M | -3.51M | -9.54M | -14.38M | -4.81M | |
| Common Dividends Paid | -17.20M | -14.23M | -12.33M | -11.21M | -9.98M | |
| Total Dividends Paid | -17.20M | -14.23M | -12.33M | -11.21M | -9.98M | |
| Net Increase (Decrease) in Deposit Accounts | 768.64M | 168.62M | 416.95M | 238.78M | 1.02B | |
| Financing Cash Flow | 472.70M | 162.06M | 44.21M | 788.22M | 1.09B | |
| Net Cash Flow | 230.47M | -29.82M | 27.03M | -266.94M | 291.72M | |
| Free Cash Flow | 134.40M | 122.29M | 115.75M | 145.65M | 68.14M | |
| Free Cash Flow Margin | 43.02% | 40.19% | 42.16% | 58.70% | 33.57% | |
| Free Cash Flow Per Share | 4.39 | 3.95 | 3.76 | 4.67 | 2.16 | |
| Cash Interest Paid | 124.39M | 128.78M | 85.71M | 18.00M | 6.04M | |
| Cash Income Tax Paid | 19.99M | 34.00M | 22.62M | 6.65M | 5.69M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.49B | 958.86M | 1.03B | 818.80M | 706.69M | 521.49M |
| Last Close Price | 50.06 | 31.65 | 32.46 | 25.70 | 21.52 | 15.39 |
| PE Ratio | 12.30 | 9.18 | 9.64 | 9.31 | 8.68 | 9.86 |
| PS Ratio | 4.24 | 3.07 | 3.37 | 2.98 | 2.85 | 2.57 |
| PB Ratio | 1.79 | 1.21 | 1.45 | 1.40 | 1.39 | 0.93 |
| P/FCF Ratio | 10.17 | 7.13 | 8.39 | 7.07 | 4.85 | 7.65 |
| P/OCF Ratio | 9.10 | 7.06 | 8.27 | 6.99 | 4.80 | 7.39 |
| Debt / Equity Ratio | 0.16 | 0.10 | 0.47 | 0.57 | 1.37 | 0.23 |
| Debt / FCF Ratio | 0.61 | 2.73 | 2.90 | 4.80 | 1.94 | |
| Net Debt / Equity Ratio | -0.23 | -0.33 | 0.35 | 0.33 | 1.20 | -0.76 |
| Net Debt / FCF Ratio | -1.93 | 2.03 | 1.69 | 4.18 | -6.27 | |
| Return on Equity (ROE) | 15.30% | 13.91% | 16.46% | 16.08% | 15.19% | 9.63% |
| Return on Assets (ROA) | 1.34% | 1.22% | 1.31% | 1.11% | 1.09% | 0.81% |
| Earnings Yield | 8.13% | 10.89% | 10.37% | 10.75% | 11.53% | 10.15% |
| FCF Yield | 9.83% | 14.02% | 11.91% | 14.14% | 20.61% | 13.07% |
| Dividend Yield | 1.36% | 1.84% | 1.43% | 1.49% | 1.56% | 1.91% |
| Payout Ratio | 16.71% | 16.47% | 13.37% | 14.02% | 13.76% | 18.85% |
| Buyback Yield / Dilution | 1.99% | 0.98% | -0.49% | 1.31% | 1.01% | -0.91% |
| Total Shareholder Return | 3.35% | 2.82% | 0.94% | 2.79% | 2.58% | 1.00% |