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Amalgamated Financial Corp.

Amalgamated Financial Corp.

NASDAQ•AMAL
CEO: Ms. Priscilla Sims Brown
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2018-08-09
Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; residential mortgage loans; and retail loans, such as residential real estate, consumer solar, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit and ATM cards; and trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products, such as funds spanning equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.
Contact Information
275 Seventh Avenue, New York, NY, 10001, United States
212-255-6200
www.amalgamatedbank.com
Market Cap
$987.00M
P/E (TTM)
9.7
15.3
Dividend Yield
1.7%
52W High
$37.26
52W Low
$25.03
52W Range
65%
Rank32Top 16.7%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$118.15M+4.95%
4-Quarter Trend

EPS

$0.89-2.20%
4-Quarter Trend

FCF

$38.31M+8.84%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

NII and Spread Expansion Net Interest Income grew to $76.45M (Q3) and $219.93M (YTD), driven by higher asset yields and spread widening to 2.51%.
Balance Sheet Growth Total assets reached $8.68B, supported by a $589.4M increase in deposits, while borrowings decreased $238.99M year-to-date.
Strong Capital Position Consolidated CET1 ratio stood strong at 14.21%, well above the 4.50% minimum requirement, ensuring regulatory compliance.
Asset Quality Improvement Non-performing assets decreased to $23.0M (0.26% of assets) compared to year-end 2024, despite higher quarterly provision expense.

Risk Factors

Increased Credit Provisioning Q3 provision for credit losses increased sharply to $5.30M from $1.85M year-over-year, negatively impacting quarterly net income.
Interest Rate Risk Exposure Simulation analysis indicates significant potential economic value of equity decline under adverse interest rate scenarios, requiring hedging.
Loan Portfolio Concentration Significant exposure remains concentrated in Multifamily and Commercial Real Estate loans, subject to local market volatility.
Operational Security Threats Risks include failure or breach of operational or security systems, including cyber attacks and human error impacting infrastructure.

Outlook

ACL Model Enhancements Complete Enhanced DCF methodology for most loans and adopted WARM for consumer solar loans; management noted no material impact.
Liquidity Position Maintained Liquidity supported by $115.5M cash and $1.96B FHLBNY availability, adequate for current and foreseeable future needs.
Regulatory Capital Focus The Bank remains categorized as 'well capitalized' and meets all capital conservation buffer requirements under Basel III rules.
Core Deposit Growth Strategy Focus remains on growing core deposits through relationship-based banking, supporting funding needs over the long term.

Peer Comparison

Revenue (TTM)

Dime Community Bancshares, Inc.DCOM
$670.02M
-1.8%
Univest Financial CorporationUVSP
$513.42M
+4.6%
Metropolitan Bank Holding Corp.MCB
$510.83M
+6.5%

Gross Margin (Latest Quarter)

Amalgamated Financial Corp.AMAL
67.5%
-3.6pp
First Mid Bancshares, Inc.FMBH
49.4%
-19.5pp
Capitol Federal Financial, Inc.CFFN
48.9%
+3.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DCOM$1.39B23.44.1%5.7%
FMBH$988.23M11.39.8%0.0%
AMAL$987.00M9.713.8%1.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.1%
Moderate Growth
4Q Net Income CAGR
3.0%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 22, 2026
|
EPS:$0.95
|
Revenue:$85.37M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $118.15M+4.9%
    |
    EPS: $0.89-2.2%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $112.07M+2.1%
    |
    EPS: $0.85-3.4%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $109.60M+4.3%
    |
    EPS: $0.82-7.9%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 6, 2025|
    Revenue: $435.34M+13.8%
    |
    EPS: $3.48+20.8%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $112.58M+15.5%
    |
    EPS: $0.91+24.7%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $109.77M+17.6%
    |
    EPS: $0.88+23.9%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $105.09M+16.8%
    |
    EPS: $0.89+29.0%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 7, 2024|
    Revenue: $382.48M+34.1%
    |
    EPS: $2.88+9.1%
    Beat