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AMAL

Amalgamated Financial Corp.

AMAL

Amalgamated Financial Corp. • NASDAQ
$29.35 ▼ -0.78% (-0.23)
Market Cap $878.63 M
52w High $37.26
52w Low $25.03
Dividend Yield 0.56%
P/E 8.84
Volume 53.52K
Outstanding Shares 29.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $118.149M ▲ $43.02M ▲ $26.79M ▲ 22.675% ▼ $0.89 ▲ $36.942M ▲
Q2-2025 $112.073M ▲ $40.533M ▼ $25.989M ▲ 23.189% ▲ $0.85 ▲ $35.947M ▲
Q1-2025 $109.604M ▲ $44.158M ▲ $25.028M ▲ 22.835% ▲ $0.82 ▲ $35.146M ▼
Q4-2024 $107.903M ▼ $41.673M ▼ $24.49M ▼ 22.696% ▼ $0.8 ▼ $35.508M ▼
Q3-2024 $112.578M $41.787M $27.942M 24.82% $0.91 $39.187M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $8.683B ▲ $7.907B ▲ $775.573M ▲
Q2-2025 $772.39M ▲ $8.621B ▲ $7.867B ▲ $753.984M ▲
Q1-2025 $522.988M ▼ $8.285B ▲ $7.549B ▼ $735.996M ▲
Q4-2024 $1.69B ▲ $8.257B ▼ $7.549B ▼ $707.654M ▲
Q3-2024 $705.752M $8.414B $7.715B $698.199M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $25.989M ▲ $24.925M ▼ $-232.374M ▼ $312.801M ▲ $105.352M ▲ $25.637M ▼
Q1-2025 $25.028M ▲ $34.214M ▲ $-6.611M ▼ $-22.638M ▲ $4.965M ▲ $32.461M ▲
Q4-2024 $24.49M ▼ $29.006M ▼ $55.296M ▲ $-172.76M ▼ $-88.458M ▼ $28.268M ▼
Q3-2024 $27.942M ▲ $35.779M ▲ $-78.026M ▲ $133.461M ▲ $91.214M ▲ $35.194M ▲
Q2-2024 $26.753M $28.018M $-201.969M $76.74M $-97.211M $27.773M

Five-Year Company Overview

Income Statement

Income Statement Amalgamated’s revenue and profits have grown steadily over the past five years, with the most recent year being its strongest so far. Earnings have risen faster than revenue, suggesting better efficiency and cost control as the bank scales. Profitability appears consistently healthy for a regional bank, with no obvious signs of earnings volatility in this snapshot. The trend points to a business that has been steadily strengthening its core earnings rather than relying on one‑off gains.

Balance Sheet

Balance Sheet The balance sheet shows a gradual build‑up of total assets alongside a meaningful increase in shareholders’ equity, which signals retained profits and a thicker capital cushion over time. Borrowings rose compared with earlier years but have eased from their peak, indicating some active balance‑sheet management. Reported cash is low, but for a bank that is more about loans and securities than physical cash, this is not unusual. Overall, the picture is of a moderately growing regional bank with improving capital strength and a manageable reliance on debt funding.

Cash Flow

Cash Flow Operating cash flow has been consistently positive and broadly stable, which is important for any financial institution. Free cash flow largely mirrors operating cash flow because the business requires very little traditional capital expenditure, reflecting the asset‑light, service‑based nature of banking. This pattern points to a franchise that throws off cash in a relatively predictable way, without large, lumpy investment needs. It suggests the bank has flexibility to support growth, strengthen its balance sheet, or absorb shocks when needed.

Competitive Edge

Competitive Edge Amalgamated operates as a mission‑driven regional bank with a strong focus on socially responsible and values‑aligned customers such as unions, nonprofits, and progressive organizations. Its brand is differentiated by its B Corp status, unionized workforce, and explicit lending exclusions in areas like fossil fuels, which deepens loyalty among like‑minded clients and can make deposits stickier. At the same time, this specialization concentrates the customer base in a specific ideological and sector niche, which could be a vulnerability if that segment faces regulatory, political, or funding pressures. Compared with larger banks, AMAL’s advantage is relationship depth and values alignment, while its main challenges are scale, diversification, and keeping pace with broader industry technology and compliance demands.

Innovation and R&D

Innovation and R&D Innovation at Amalgamated is less about inventing new technology and more about smartly applying established tools to its mission‑driven model. The bank uses cloud infrastructure and customer‑relationship platforms to deliver a modern digital experience while tailoring services to unions, nonprofits, and impact‑focused institutions. Its partnership with the tech‑enabled FASTPACE platform to finance clean‑energy real estate illustrates how it leverages fintech collaborations instead of building everything in‑house. Looking ahead, the bank’s stated interest in AI for fairer lending and enhanced impact measurement could further strengthen its niche, but execution risk is real given its smaller scale and dependence on external partners for advanced tech.

Summary

Amalgamated Financial Corp. combines steadily improving financial performance with a highly distinctive, values‑based banking model. The income statement shows consistent growth and strengthening profitability, while the balance sheet reflects rising capital levels and controlled use of debt. Cash generation is solid and predictable, with minimal ongoing investment needs, giving the bank room to maneuver. Competitively, its social‑justice and sustainability focus, along with tailored services for mission‑driven clients, creates a clear identity and customer loyalty, though it also narrows the bank’s customer universe and exposes it to niche‑specific risks. Its innovation strategy centers on partnering and selectively deploying technology to amplify this mission rather than competing on raw tech alone. Overall, the bank presents as a focused, steadily growing regional player whose fortunes are closely tied to the durability and appeal of its socially responsible banking niche.

NEWS

October 23, 2025 · 6:25 AM UTC

Amalgamated Financial Corp. Reports Third Quarter 2025 Financial Results; Rock Solid Balance Sheet; Margin Expands to 3.60%

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October 22, 2025 · 5:27 PM UTC

Amalgamated Bank Commits $250 Million to FASTPACE Platform to Accelerate C-PACE Lending Nationwide

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October 21, 2025 · 4:30 PM UTC

Amalgamated Financial Corp. Declares Regular Quarterly Dividend

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October 15, 2025 · 7:30 AM UTC

Amalgamated Bank Announces $25 Million Commitment to Redball Energy, Advancing Rooftop Solar for Underserved Communities

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October 9, 2025 · 4:15 PM UTC

Amalgamated Financial Corp. Announces Third Quarter 2025 Earnings Conference Call

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