Amalgamated Financial Corp. AMAL

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Amalgamated Financial Corp., a Delaware public benefit corporation ("we" or the "Company"), was formed on August 25, 2020 to serve as the holding company for Amalgamated Bank (the "Bank") and is a bank holding company registered with the Board of Governors of the Federal Reserve under the Bank Holding Company Act of 1956, as amended. On March 1, 2021 (the "Effective Date"), the Company acquired all of the outstanding stock of Amalgamated Bank, a New York state-chartered commercial bank in a statutory share exchange transaction (the "Reorganization") effected under New York law and in accordance with the terms of a Plan of Acquisition dated September 4, 2020. Pursuant to the Reorganization, the Bank became the sole subsidiary of the Company, the Company became the holding company for the Bank and the stockholders of the Bank became stockholders of the Company.

Last close 50.50 2026-10-23
Market cap $1.51B 2026-06-30 share count
52-week range 26.61 - 51.59

Valuation FY2025 figures against the last close

P/S3.6x
P/E14.8x
P/FCF11.2x
EV/EBITDA—
Dividend yield1.1%
Diluted EPS3.41

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $422.2M$401.3M$358.1M$258.5M$180.5M$190.5M$186.0M$164.0M—
Interest expense $297.8M$282.4M$261.3M$239.8M$6.2M$10.5M$19.3M$14.2M—
Pre-tax income $140.2M$145.6M$124.7M$108.2M$70.7M$61.9M$64.2M$50.3M—
Income tax $35.7M$39.2M$36.8M$26.7M$17.8M$15.8M$17.0M$5.7M—
Net income $104.5M$106.4M$88.0M$81.5M$52.9M$46.2M$47.2M$44.7M—
EPS, basic 3.443.482.882.641.701.481.491.47—
EPS, diluted 3.413.442.862.611.681.481.471.46—
Shares, diluted (wtd. avg.) 30.6M30.9M30.8M31.2M31.5M31.2M32.2M30.6M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $291.2M$60.7M$90.6M$63.5M$330.5M$38.8M$122.5M$80.8M$116.5M
Property, plant and equipment $4.7M$6.4M$7.8M$9.9M$11.7M$13.0M$17.8M——
Goodwill $12.9M$12.9M$12.9M$12.9M$12.9M$12.9M$12.9M——
Other intangibles $913.0K$1.5M$2.2M$3.1M$4.2M$5.4M———
Total assets $8.87B$8.26B$7.97B$7.84B$7.08B$5.98B$5.33B——
Long-term debt —————$0$75.0M——
Total liabilities $8.08B$7.55B$7.39B$7.33B$6.51B$5.44B$4.83B——
Retained earnings $567.3M$480.1M$388.0M$330.3M$260.0M$217.2M$181.1M——
Total equity $794.5M$707.7M$585.4M$509.0M$563.9M$535.8M$490.5M$439.4M$344.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $135.8M$124.1M$117.2M$147.3M$70.5M$65.8M$83.5M$31.0M—
Depreciation and amortisation $6.2M$4.7M$5.5M$9.3M$3.6M$6.2M$4.6M$4.2M—
Stock-based compensation $6.9M$5.5M$4.7M$2.7M$1.8M$2.4M$2.4M$920.0K—
Capital expenditure $1.4M$1.8M$1.5M$1.7M$2.4M$1.6M$753.0K$1.4M—
Investing cash flow -$378.0M-$315.9M-$134.4M-$1.20B-$865.4M-$755.1M-$545.9M-$258.3M—
Financing cash flow $472.7M$162.1M$44.2M$788.2M$1.09B$605.6M$504.1M$191.7M—
Dividends paid $17.2M$14.2M$12.3M$11.2M$10.0M$10.0M$8.3M$1.9M—
Buybacks $32.3M$1.1M$8.3M$12.5M$2.9M$7.0M$5.8M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001823608-26-000098.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2018: 164M Net income, FY2018: 44.7M Revenue, FY2019: 186M Net income, FY2019: 47.2M Revenue, FY2020: 190.5M Net income, FY2020: 46.2M Revenue, FY2021: 180.5M Net income, FY2021: 52.9M Revenue, FY2022: 258.5M Net income, FY2022: 81.5M Revenue, FY2023: 358.1M Net income, FY2023: 88M Revenue, FY2024: 401.3M Net income, FY2024: 106.4M Revenue, FY2025: 422.2M Net income, FY2025: 104.5M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $164.0M $186.0M $190.5M $180.5M $258.5M $358.1M $401.3M $422.2M
Gross profit — — — — — — — — —
Net income — $44.7M $47.2M $46.2M $52.9M $81.5M $88.0M $106.4M $104.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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