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Amalgamated Financial (AMAL) Financials

Amalgamated Financial logo
$27.89 +0.37 (+1.34%)
Closing price 04:00 PM Eastern
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$27.89 0.00 (0.00%)
As of 06:24 PM Eastern
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Annual Income Statements for Amalgamated Financial

Annual Income Statements for Amalgamated Financial

This table shows Amalgamated Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 45 47 46 53 81 88 106
Consolidated Net Income / (Loss)		 45 47 46 53 81 88 106
Net Income / (Loss) Continuing Operations		 45 47 46 53 81 88 106
Total Pre-Tax Income 		50 64 62 71 108 125 146
Total Revenue		 178 196 221 203 264 291 316
Net Interest Income / (Expense)		 150 167 180 174 240 261 282
Total Interest Income		 164 186 190 181 258 358 401
Loans and Leases Interest Income		 130 140 142 123 146 191 215
Investment Securities Interest Income		 33 45 48 57 111 161 177
Deposits and Money Market Investments Interest Income		 1.44 0.95 0.70 0.65 2.19 5.78 8.67
Total Interest Expense		 14 19 10 6.22 19 97 119
Deposits Interest Expense		 9.57 14 10 5.82 11 81 113
Long-Term Debt Interest Expense		 4.65 4.86 0.03 0.40 7.59 16 5.41
Total Non-Interest Income		 28 29 41 28 24 29 33
Service Charges on Deposit Accounts		 8.18 8.54 9.20 9.36 11 11 32
Other Service Charges		 0.87 0.88 2.04 1.02 1.77 2.71 2.08
Net Realized & Unrealized Capital Gains on Investments		 -1.19 -0.47 11 2.28 -7.19 -2.43 -19
Investment Banking Income		 19 19 15 13 14 15 15
Other Non-Interest Income		 1.67 1.65 3.09 2.39 3.87 2.88 2.50
Provision for Credit Losses		 -0.26 3.84 25 -0.29 15 15 10
Total Non-Interest Expense		 128 128 134 132 141 151 160
Salaries and Employee Benefits		 67 70 69 70 75 86 94
Net Occupancy & Equipment Expense		 28 29 34 30 31 31 33
Marketing Expense		 3.40 2.91 3.51 3.23 3.74 4.18 3.73
Property & Liability Insurance Claims		 - - 3.15 2.53 3.23 4.02 3.72
Other Operating Expenses		 25 21 19 22 23 22 22
Depreciation Expense		 3.64 3.54 3.31 3.06 3.01 2.83 2.47
Amortization Expense		 0.97 1.37 1.37 1.21 1.05 0.89 0.73
Income Tax Expense		 5.67 17 16 18 27 37 39
Basic Earnings per Share		 $1.47 $1.49 $1.48 $1.70 $2.64 $2.88 $3.48
Weighted Average Basic Shares Outstanding		 - - 31.12M 31.12M 30.74M 30.51M 30.69M
Diluted Earnings per Share		 $1.46 $1.47 $1.48 $1.68 $2.61 $2.86 $3.44
Weighted Average Diluted Shares Outstanding		 - - 31.12M 31.12M 30.74M 30.51M 30.69M
Weighted Average Basic & Diluted Shares Outstanding		 - - 31.12M 31.12M 30.74M 30.51M 30.69M

Quarterly Income Statements for Amalgamated Financial

This table shows Amalgamated Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 25 21 22 22 23 27 27 28 24 25 26
Consolidated Net Income / (Loss)		 25 21 22 22 23 27 27 28 24 25 26
Net Income / (Loss) Continuing Operations		 25 21 22 22 23 27 27 28 24 25 26
Total Pre-Tax Income 		32 29 29 31 35 39 36 38 33 35 35
Total Revenue		 72 72 71 71 77 78 78 81 78 77 81
Net Interest Income / (Expense)		 67 67 63 64 67 68 69 72 73 71 73
Total Interest Income		 79 85 86 91 96 97 99 103 103 101 104
Loans and Leases Interest Income		 42 45 45 50 52 52 51 54 58 58 59
Investment Securities Interest Income		 36 40 40 40 42 42 45 46 43 42 44
Deposits and Money Market Investments Interest Income		 0.49 0.62 1.06 1.69 2.42 2.59 2.69 2.27 1.11 1.19 1.64
Total Interest Expense		 11 18 23 28 29 29 30 31 29 30 31
Deposits Interest Expense		 5.68 14 19 23 25 26 29 30 29 29 31
Long-Term Debt Interest Expense		 5.52 3.82 4.12 4.35 3.35 3.01 0.89 0.60 0.91 1.20 0.60
Total Non-Interest Income		 4.23 5.21 7.94 6.78 9.40 10 9.26 8.94 4.79 6.41 8.03
Service Charges on Deposit Accounts		 2.99 2.46 2.71 2.73 3.10 6.14 8.61 12 5.34 3.44 3.87
Other Service Charges		 0.18 0.97 0.39 0.77 0.58 0.29 0.55 0.81 0.44 0.51 0.45
Net Realized & Unrealized Capital Gains on Investments		 -3.54 -2.93 0.29 -1.12 1.33 -0.66 -4.17 -8.28 -5.62 -2.36 -0.97
Investment Banking Income		 3.61 3.93 4.01 3.68 3.56 3.85 3.66 3.70 3.97 4.19 3.88
Other Non-Interest Income		 0.99 0.78 0.55 0.73 0.83 0.61 0.62 0.61 0.66 0.63 0.80
Provision for Credit Losses		 4.43 4.96 3.94 2.01 3.76 1.59 3.16 1.85 3.69 0.60 4.89
Total Non-Interest Expense		 36 39 38 37 38 38 40 41 41 42 41
Salaries and Employee Benefits		 19 22 21 21 21 22 23 24 25 23 23
Net Occupancy & Equipment Expense		 7.42 7.95 7.52 7.89 7.99 7.53 8.17 8.51 8.68 8.91 8.96
Marketing Expense		 1.33 1.59 1.03 0.82 0.75 1.22 1.18 1.02 0.31 0.05 0.41
Property & Liability Insurance Claims		 0.79 0.72 1.10 1.20 1.00 1.05 1.05 0.90 0.72 0.90 0.90
Other Operating Expenses		 5.61 5.41 5.78 5.18 5.84 5.23 5.32 5.94 5.99 7.70 6.36
Depreciation Expense		 0.70 0.73 0.72 0.69 0.70 0.66 0.58 0.65 0.58 0.63 0.57
Amortization Expense		 0.26 0.22 0.22 0.22 0.22 0.18 0.18 0.18 0.18 0.14 0.14
Income Tax Expense		 6.81 7.57 7.82 8.85 13 11 9.02 10 8.56 9.71 9.47
Basic Earnings per Share		 $0.79 $0.69 $0.71 $0.73 $0.75 $0.89 $0.88 $0.91 $0.80 $0.82 $0.85
Weighted Average Basic Shares Outstanding		 30.74M 30.61M 30.46M 30.39M 30.51M 30.52M 30.64M 30.67M 30.69M 30.59M 30.11M
Diluted Earnings per Share		 $0.79 $0.69 $0.70 $0.73 $0.74 $0.89 $0.87 $0.90 $0.78 $0.81 $0.84
Weighted Average Diluted Shares Outstanding		 30.74M 30.61M 30.46M 30.39M 30.51M 30.52M 30.64M 30.67M 30.69M 30.59M 30.11M
Weighted Average Basic & Diluted Shares Outstanding		 30.74M 30.61M 30.46M 30.39M 30.51M 30.52M 30.64M 30.67M 30.69M 30.59M 30.11M

Annual Cash Flow Statements for Amalgamated Financial

This table details how cash moves in and out of Amalgamated Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -36 42 -84 292 -267 27 -30
Net Cash From Operating Activities		 31 83 66 71 147 117 124
Net Cash From Continuing Operating Activities		 31 83 66 71 147 117 124
Net Income / (Loss) Continuing Operations		 45 47 46 53 81 88 106
Consolidated Net Income / (Loss)		 45 47 46 53 81 88 106
Provision For Loan Losses		 -0.26 3.84 25 -0.29 15 15 10
Depreciation Expense		 4.20 4.63 6.19 3.64 9.30 5.51 4.70
Amortization Expense		 -0.26 -3.00 6.41 7.82 1.05 0.89 0.73
Non-Cash Adjustments to Reconcile Net Income		 11 6.45 -18 17 42 13 29
Changes in Operating Assets and Liabilities, net		 -28 24 0.51 -11 -1.25 -4.39 -27
Net Cash From Investing Activities		 -258 -546 -755 -865 -1,202 -134 -316
Net Cash From Continuing Investing Activities		 -258 -546 -755 -865 -1,202 -134 -316
Purchase of Property, Leasehold Improvements and Equipment		 -1.43 -0.75 -1.61 -2.40 -1.67 -1.48 -1.78
Purchase of Investment Securities		 -692 -771 -993 -1,699 -1,290 -673 -926
Sale and/or Maturity of Investments		 435 576 276 668 915 541 972
Other Investing Activities, net		 - -350 -37 168 -826 -0.76 -360
Net Cash From Financing Activities		 192 504 606 1,087 788 44 162
Net Cash From Continuing Financing Activities		 192 504 606 1,088 788 44 162
Net Change in Deposits		 510 536 698 1,018 239 417 169
Issuance of Common Equity		 0.00 - - 0.00 0.67 0.80 0.79
Repayment of Debt		 -310 -18 0.00 84 574 - 10
Repurchase of Common Equity		 0.00 -5.79 -7.00 -2.92 -14 -9.54 -3.36
Payment of Dividends		 -1.93 -8.30 -9.99 -9.98 -11 -12 -14
Other Financing Activities, Net		 -6.97 0.40 -0.14 - 0.00 0.00 -0.15
Cash Interest Paid		 15 19 11 6.04 18 86 129
Cash Income Taxes Paid		 3.56 9.31 9.82 5.69 6.65 23 30

Quarterly Cash Flow Statements for Amalgamated Financial

This table details how cash moves in and out of Amalgamated Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -2.68 67 -65 75 -50 65 -97 91 -88 4.97 105
Net Cash From Operating Activities		 53 35 27 40 15 31 28 36 29 34 25
Net Cash From Continuing Operating Activities		 53 35 27 40 15 31 28 36 29 34 25
Net Income / (Loss) Continuing Operations		 25 21 22 22 23 27 27 28 24 25 26
Consolidated Net Income / (Loss)		 25 21 22 22 23 27 27 28 24 25 26
Provision For Loan Losses		 4.43 4.96 3.94 2.01 3.76 1.59 3.16 1.85 3.69 0.60 4.89
Depreciation Expense		 6.62 0.87 0.90 0.88 2.86 2.02 0.77 0.77 2.27 0.27 0.34
Amortization Expense		 -4.69 0.67 0.79 0.99 -1.56 0.18 -0.13 1.16 -1.62 0.14 0.14
Non-Cash Adjustments to Reconcile Net Income		 23 8.55 2.04 3.20 -1.22 6.21 5.09 7.94 9.54 6.24 1.67
Changes in Operating Assets and Liabilities, net		 -1.16 -1.53 -2.05 10 -11 -5.99 -7.77 -3.75 -9.37 1.94 -8.11
Net Cash From Investing Activities		 7.91 35 -30 -57 -82 -91 -202 -78 55 -6.61 -232
Net Cash From Continuing Investing Activities		 7.91 35 -30 -57 -82 -91 -202 -78 55 -6.61 -232
Purchase of Property, Leasehold Improvements and Equipment		 -0.18 -0.26 -0.58 -0.38 -0.26 -0.21 -0.25 -0.59 -0.74 -1.75 0.71
Purchase of Investment Securities		 -104 -90 -228 62 -418 -263 -387 -416 59 -169 -407
Sale and/or Maturity of Investments		 350 220 106 145 70 187 236 272 359 169 168
Other Investing Activities, net		 -238 -94 92 -264 266 -15 -50 67 -361 -4.67 5.58
Net Cash From Financing Activities		 -64 -2.60 -62 92 17 125 77 133 -173 -23 313
Net Cash From Continuing Financing Activities		 -64 -2.60 -62 92 17 125 77 133 -173 -23 313
Net Change in Deposits		 -565 446 -147 96 21 294 143 146 -414 231 321
Issuance of Common Equity		 0.15 0.39 0.13 0.14 0.15 0.24 0.21 0.18 0.16 0.79 0.24
Repayment of Debt		 505 -3.22 -347 344 - -165 -2.09 -228 240 -245 5.76
Repurchase of Common Equity		 -0.36 -3.01 -2.51 -2.78 -1.25 -1.04 -0.86 -0.39 -1.07 -5.85 -9.92
Payment of Dividends		 -3.19 -3.08 -3.14 -3.06 -3.06 -3.12 -3.74 -3.70 -3.68 -4.29 -4.48
Cash Interest Paid		 11 16 21 23 27 35 33 30 31 30 32
Cash Income Taxes Paid		 4.22 0.29 3.05 4.04 15 0.32 16 12 2.38 1.51 13

Annual Balance Sheets for Amalgamated Financial

This table presents Amalgamated Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 5,325 5,979 7,078 7,843 7,972 8,257
Cash and Due from Banks		 7.60 7.74 8.62 5.11 2.86 4.04
Interest Bearing Deposits at Other Banks		 115 31 322 58 88 57
Trading Account Securities		 1,520 2,212 3,196 3,396 3,245 3,285
Loans and Leases, Net of Allowance		 3,439 3,447 3,276 4,061 4,346 4,613
Loans and Leases		 3,473 3,489 3,312 4,106 4,411 4,673
Allowance for Loan and Lease Losses		 34 42 36 45 66 60
Accrued Investment Income		 19 24 29 41 55 61
Premises and Equipment, Net		 18 13 12 9.86 7.81 6.39
Goodwill		 13 13 13 13 13 13
Intangible Assets		 6.73 5.36 4.15 3.11 2.22 1.49
Other Assets		 188 225 217 255 213 216
Total Liabilities & Shareholders' Equity		 5,325 5,979 7,078 7,843 7,972 8,257
Total Liabilities		 4,835 5,443 6,514 7,334 7,387 7,549
Non-Interest Bearing Deposits		 4,641 5,339 6,356 6,595 7,012 7,181
Short-Term Debt		 - - - 580 305 314
Other Long-Term Liabilities		 119 104 74 81 70 54
Commitments & Contingencies		 0.00 - - - - 0.00
Total Equity & Noncontrolling Interests		 491 536 564 509 585 708
Total Preferred & Common Equity		 490 536 564 509 585 708
Total Common Equity		 490 536 564 509 585 708
Common Stock		 306 301 298 287 289 289
Retained Earnings		 181 217 260 330 388 480
Treasury Stock		 - - - 0.00 -5.34 -2.82
Accumulated Other Comprehensive Income / (Loss)		 3.23 17 5.41 -109 -86 -59

Quarterly Balance Sheets for Amalgamated Financial

This table presents Amalgamated Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 7,943 7,868 7,836 7,793 7,910 8,137 8,251 8,414 8,285 8,621
Cash and Due from Banks		 6.08 3.40 5.19 4.42 5.49 3.83 4.08 3.95 4.20 4.05
Interest Bearing Deposits at Other Banks		 326 63 126 61 135 151 54 145 62 167
Trading Account Securities		 3,719 3,668 1,668 3,249 3,187 3,350 3,507 3,504 3,331 3,523
Loans and Leases, Net of Allowance		 3,609 3,829 4,131 4,184 4,297 4,359 4,408 4,486 4,620 4,655
Loans and Leases		 3,648 3,871 4,198 4,252 4,365 4,424 4,472 4,548 4,678 4,714
Allowance for Loan and Lease Losses		 39 42 67 67 68 64 63 61 58 59
Accrued Investment Income		 31 35 41 44 48 53 53 54 55 56
Premises and Equipment, Net		 11 11 9.25 8.93 8.43 7.13 6.60 6.41 7.37 8.82
Goodwill		 13 13 13 13 13 13 13 13 13 13
Intangible Assets		 3.63 3.37 2.88 2.66 2.44 2.03 1.85 1.67 1.34 1.20
Other Assets		 224 243 5,971 225 214 196 203 199 192 194
Total Liabilities & Shareholders' Equity		 7,943 7,868 7,836 7,793 7,910 8,137 8,251 8,414 8,285 8,621
Total Liabilities		 7,445 7,380 7,317 7,264 7,363 7,520 7,605 7,715 7,549 7,867
Non-Interest Bearing Deposits		 7,291 7,160 7,041 6,895 6,991 7,306 7,449 7,595 7,412 7,733
Short-Term Debt		 - 75 - 230 230 69 9.14 68 70 75
Other Long-Term Liabilities		 70 67 62 66 68 74 78 52 67 59
Commitments & Contingencies		 - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 498 488 519 529 546 617 646 698 736 754
Total Preferred & Common Equity		 498 488 519 528 546 617 646 698 736 754
Total Common Equity		 498 488 519 528 546 617 646 698 736 754
Common Stock		 287 287 288 287 288 288 286 287 289 291
Retained Earnings		 289 309 331 349 368 412 435 459 501 522
Treasury Stock		 - - -2.15 -2.69 -4.85 -4.02 -1.97 -1.97 -6.33 -16
Accumulated Other Comprehensive Income / (Loss)		 -78 -108 -97 -105 -105 -79 -74 -47 -47 -43

Annual Metrics And Ratios for Amalgamated Financial

This table displays calculated financial ratios and metrics derived from Amalgamated Financial's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 9.98% 12.65% -8.13% 30.12% 10.20% 8.60%
EBITDA Growth		 0.00% 21.28% 13.28% 10.25% 44.21% 10.64% 15.17%
EBIT Growth		 0.00% 27.53% -3.48% 14.18% 52.94% 15.32% 16.72%
NOPAT Growth		 0.00% 5.71% -2.15% 14.61% 53.91% 7.98% 20.98%
Net Income Growth		 0.00% 5.71% -2.15% 14.61% 53.91% 7.98% 20.98%
EPS Growth		 0.00% 0.68% 0.68% 13.51% 55.36% 9.58% 20.28%
Operating Cash Flow Growth		 0.00% 169.06% -21.20% 7.25% 108.85% -20.43% 5.84%
Free Cash Flow Firm Growth		 0.00% 0.00% 114.65% -177.65% -642.15% 183.28% -106.95%
Invested Capital Growth		 0.00% 0.00% -5.26% 20.88% 80.12% -23.69% 14.80%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 1.88% 4.82% 1.80% 0.37%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 2.02% 9.46% 2.35% -1.82%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 3.52% 11.01% 3.01% -1.46%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 4.20% 12.16% -2.29% 1.72%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 4.20% 12.16% -2.29% 1.72%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 3.07% 12.50% -1.72% 1.18%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% -29.32% 32.26% -24.36% 12.40%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -3,743.95% 402.02% -113.41%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 16.41% 82.17% 4.60% 33.29%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 30.47% 33.60% 33.79% 40.55% 44.94% 45.12% 47.85%
EBIT Margin		 28.26% 32.77% 28.08% 34.89% 41.01% 42.91% 46.12%
Profit (Net Income) Margin		 25.08% 24.10% 20.94% 26.12% 30.89% 30.27% 33.72%
Tax Burden Percent		 88.74% 73.55% 74.57% 74.85% 75.33% 70.53% 73.11%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 11.26% 26.45% 25.43% 25.15% 24.67% 29.47% 26.89%
Return on Invested Capital (ROIC)		 0.00% 16.69% 8.39% 8.95% 8.98% 8.55% 11.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 16.69% 8.39% 8.95% 8.98% 8.55% 11.13%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 2.55% 0.61% 0.68% 6.21% 7.52% 5.33%
Return on Equity (ROE)		 0.00% 19.24% 9.00% 9.63% 15.19% 16.08% 16.46%
Cash Return on Invested Capital (CROIC)		 0.00% -183.31% 13.78% -9.96% -48.22% 35.43% -2.65%
Operating Return on Assets (OROA)		 0.00% 1.21% 1.10% 1.08% 1.45% 1.58% 1.79%
Return on Assets (ROA)		 0.00% 0.89% 0.82% 0.81% 1.09% 1.11% 1.31%
Return on Common Equity (ROCE)		 0.00% 19.24% 9.00% 9.63% 15.19% 16.08% 16.46%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.63% 8.62% 9.39% 16.01% 15.03% 15.04%
Net Operating Profit after Tax (NOPAT)		 45 47 46 53 81 88 106
NOPAT Margin		 25.08% 24.10% 20.94% 26.12% 30.89% 30.27% 33.72%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.53% 51.97% 48.64% 50.88% 41.67% 41.74% 41.31%
Operating Expenses to Revenue		 71.89% 65.27% 60.69% 65.25% 53.30% 52.04% 50.62%
Earnings before Interest and Taxes (EBIT)		 50 64 62 71 108 125 146
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 54 66 75 82 119 131 151
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.89 1.33 1.38 1.45
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.91 1.38 1.42 1.48
Price to Revenue (P/Rev)		 0.00 0.00 0.00 2.47 2.57 2.79 3.24
Price to Earnings (P/E)		 0.00 0.00 0.00 9.44 8.32 9.20 9.61
Dividend Yield		 0.34% 1.46% 2.48% 1.99% 1.99% 1.52% 1.38%
Earnings Yield		 0.00% 0.00% 0.00% 10.59% 12.02% 10.87% 10.41%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.39 1.09 1.15 1.25
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 1.25 4.82 3.52 4.04
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 3.08 10.73 7.81 8.45
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 3.58 11.76 8.21 8.77
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 4.79 15.61 11.64 11.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 3.59 8.63 8.74 10.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 2.81 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.15 0.00 0.15 1.29 0.52 0.44
Long-Term Debt to Equity		 0.00 0.15 0.00 0.15 0.15 0.00 0.00
Financial Leverage		 0.00 0.15 0.07 0.08 0.69 0.88 0.48
Leverage Ratio		 0.00 10.86 11.01 11.87 13.91 14.45 12.55
Compound Leverage Factor		 0.00 10.86 11.01 11.87 13.91 14.45 12.55
Debt to Total Capital		 0.00% 13.26% 0.00% 12.94% 56.38% 34.25% 30.76%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 49.71% 34.25% 30.76%
Long-Term Debt to Total Capital		 0.00% 13.26% 0.00% 12.94% 6.66% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.02% 0.02% 0.02% 0.01% 0.01% 0.00%
Common Equity to Total Capital		 0.00% 86.71% 99.98% 87.04% 43.61% 65.73% 69.24%
Debt to EBITDA		 0.00 1.14 0.00 1.02 5.55 2.33 2.08
Net Debt to EBITDA		 0.00 -0.72 0.00 -3.00 5.01 1.63 1.68
Long-Term Debt to EBITDA		 0.00 1.14 0.00 1.02 0.66 0.00 0.00
Debt to NOPAT		 0.00 1.59 0.00 1.58 8.07 3.47 2.95
Net Debt to NOPAT		 0.00 -1.01 0.00 -4.66 7.29 2.44 2.38
Long-Term Debt to NOPAT		 0.00 1.59 0.00 1.58 0.95 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.03% 0.03% 0.02% 0.02% 0.02% 0.01%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -518 76 -59 -437 364 -25
Operating Cash Flow to CapEx		 2,173.72% 11,083.80% 4,080.09% 2,943.99% 8,832.25% 7,936.63% 6,989.58%
Free Cash Flow to Firm to Interest Expense		 0.00 -26.83 7.24 -9.47 -23.46 3.77 -0.21
Operating Cash Flow to Interest Expense		 2.18 4.32 6.28 11.34 7.90 1.21 1.04
Operating Cash Flow Less CapEx to Interest Expense		 2.08 4.28 6.12 10.95 7.81 1.20 1.03
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.04 0.04 0.03 0.04 0.04 0.04
Fixed Asset Turnover		 0.00 11.02 14.35 16.40 24.43 32.91 44.48
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 566 536 648 1,167 890 1,022
Invested Capital Turnover		 0.00 0.69 0.40 0.34 0.29 0.28 0.33
Increase / (Decrease) in Invested Capital		 0.00 566 -30 112 519 -276 132
Enterprise Value (EV)		 0.00 0.00 0.00 253 1,272 1,024 1,276
Market Capitalization		 0.00 0.00 0.00 500 678 809 1,023
Book Value per Share		 $0.00 $0.00 $17.22 $18.13 $16.59 $19.26 $23.07
Tangible Book Value per Share		 $0.00 $0.00 $16.63 $17.58 $16.07 $18.76 $22.60
Total Capital		 0.00 566 536 648 1,167 890 1,022
Total Debt		 0.00 75 0.00 84 658 305 314
Total Long-Term Debt		 0.00 75 0.00 84 78 0.00 0.00
Net Debt		 0.00 -48 -39 -247 594 214 254
Capital Expenditures (CapEx)		 1.43 0.75 1.61 2.40 1.67 1.48 1.78
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 75 0.00 84 658 305 314
Total Depreciation and Amortization (D&A)		 3.94 1.63 13 11 10 6.40 5.43
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.48 $1.70 $2.64 $2.88 $3.48
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 31.12M 31.12M 30.74M 30.51M 30.69M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.48 $1.68 $2.61 $2.86 $3.44
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 31.12M 31.12M 30.74M 30.51M 30.69M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 31.12M 31.12M 30.74M 30.51M 30.69M
Normalized Net Operating Profit after Tax (NOPAT)		 45 47 46 53 81 88 106
Normalized NOPAT Margin		 25.08% 24.10% 20.94% 26.12% 30.89% 30.27% 33.72%
Pre Tax Income Margin		 28.26% 32.77% 28.08% 34.89% 41.01% 42.91% 46.12%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 3.54 3.32 5.91 11.37 5.80 1.29 1.22
NOPAT to Interest Expense		 3.14 2.44 4.41 8.51 4.37 0.91 0.90
EBIT Less CapEx to Interest Expense		 3.44 3.28 5.76 10.98 5.71 1.27 1.21
NOPAT Less CapEx to Interest Expense		 3.04 2.40 4.25 8.12 4.28 0.89 0.88
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 4.32% 17.59% 21.62% 18.85% 13.76% 14.02% 13.37%
Augmented Payout Ratio		 4.32% 29.84% 36.78% 24.36% 31.41% 24.87% 16.53%

Quarterly Metrics And Ratios for Amalgamated Financial

This table displays calculated financial ratios and metrics derived from Amalgamated Financial's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 20.41% 29.93% 11.27% -2.92% 7.20% 7.97% 10.60% 14.95% 1.51% -1.64% 3.17%
EBITDA Growth		 44.05% 40.13% 4.73% -1.56% 8.99% 33.81% 16.92% 21.61% -7.68% -13.71% -1.66%
EBIT Growth		 51.47% 51.32% 11.23% 0.47% 11.54% 33.29% 21.44% 22.72% -6.13% -9.83% -0.89%
NOPAT Growth		 55.46% 50.64% 10.35% -2.77% -8.34% 27.70% 23.62% 25.26% 7.93% -8.15% -2.86%
Net Income Growth		 55.46% 50.64% 10.35% -2.77% -8.34% 27.70% 23.62% 25.26% 7.93% -8.15% -2.86%
EPS Growth		 58.00% 53.33% 11.11% -1.35% -6.33% 28.99% 24.29% 23.29% 5.41% -8.99% -3.45%
Operating Cash Flow Growth		 209.67% 104.32% -46.59% 52.13% -71.14% -10.30% 2.78% -10.09% 89.37% 9.44% -11.04%
Free Cash Flow Firm Growth		 -415.00% -79.44% -1,520.84% -208.39% 160.51% 103.47% 159.34% 159.60% -135.87% -785.55% -158.99%
Invested Capital Growth		 80.12% 20.02% 43.04% 32.90% -23.69% 3.24% -13.10% -9.91% 14.80% 6.48% 14.66%
Revenue Q/Q Growth		 -1.46% 1.28% -2.15% -0.59% 8.81% 2.01% 0.24% 3.31% -3.90% -1.16% 5.13%
EBITDA Q/Q Growth		 -0.15% -9.14% 2.33% 6.04% 10.54% 11.55% -10.58% 10.29% -16.08% 4.26% 2.28%
EBIT Q/Q Growth		 1.80% -8.44% 1.93% 5.75% 13.02% 9.41% -7.14% 6.86% -13.55% 5.09% 2.08%
NOPAT Q/Q Growth		 7.89% -13.80% 1.42% 3.08% 1.71% 20.09% -1.82% 4.44% -12.35% 2.20% 3.84%
Net Income Q/Q Growth		 7.89% -13.80% 1.42% 3.08% 1.71% 20.09% -1.82% 4.44% -12.35% 2.20% 3.84%
EPS Q/Q Growth		 6.76% -12.66% 1.45% 4.29% 1.37% 20.27% -2.25% 3.45% -13.33% 3.85% 3.70%
Operating Cash Flow Q/Q Growth		 102.89% -34.33% -21.79% 45.98% -61.51% 104.10% -10.38% 27.70% -18.93% 17.95% -27.15%
Free Cash Flow Firm Q/Q Growth		 -709.07% 79.58% -126.70% 17.67% 258.76% -98.83% 3,778.01% -17.31% -195.55% 77.63% -233.69%
Invested Capital Q/Q Growth		 82.17% -37.18% 13.57% 2.25% 4.60% -15.01% -4.40% 6.00% 33.29% -21.17% 2.95%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 46.81% 41.99% 43.91% 46.84% 47.59% 52.04% 46.42% 49.56% 43.28% 45.65% 44.42%
EBIT Margin		 44.11% 39.87% 41.53% 44.19% 45.90% 49.22% 45.60% 47.17% 42.44% 45.12% 43.81%
Profit (Net Income) Margin		 34.59% 29.44% 30.51% 31.64% 29.57% 34.82% 34.10% 34.48% 31.44% 32.51% 32.11%
Tax Burden Percent		 78.42% 73.83% 73.46% 71.60% 64.44% 70.73% 74.78% 73.08% 74.09% 72.05% 73.29%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.58% 26.17% 26.54% 28.40% 35.56% 29.27% 25.22% 26.92% 25.91% 27.95% 26.71%
Return on Invested Capital (ROIC)		 10.06% 12.29% 12.41% 12.11% 8.36% 13.86% 13.33% 13.40% 10.38% 13.08% 13.10%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.06% 12.29% 12.41% 12.11% 8.36% 13.86% 13.33% 13.40% 10.38% 13.08% 13.10%
Return on Net Nonoperating Assets (RNNOA)		 6.95% 3.50% 4.69% 5.36% 7.35% 4.31% 4.32% 4.02% 4.97% 2.02% 1.43%
Return on Equity (ROE)		 17.01% 15.79% 17.10% 17.47% 15.71% 18.17% 17.65% 17.42% 15.35% 15.11% 14.53%
Cash Return on Invested Capital (CROIC)		 -48.22% -5.00% -22.59% -16.18% 35.43% 9.42% 26.74% 23.36% -2.65% 7.06% -0.34%
Operating Return on Assets (OROA)		 1.56% 1.44% 1.52% 1.60% 1.69% 1.83% 1.73% 1.82% 1.65% 1.73% 1.65%
Return on Assets (ROA)		 1.22% 1.07% 1.12% 1.15% 1.09% 1.29% 1.29% 1.33% 1.22% 1.24% 1.21%
Return on Common Equity (ROCE)		 17.00% 15.78% 17.09% 17.47% 15.71% 18.16% 17.64% 17.42% 15.35% 15.11% 14.53%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 17.08% 17.16% 16.49% 0.00% 15.22% 15.33% 14.99% 0.00% 14.16% 13.72%
Net Operating Profit after Tax (NOPAT)		 25 21 22 22 23 27 27 28 24 25 26
NOPAT Margin		 34.59% 29.44% 30.51% 31.64% 29.57% 34.82% 34.10% 34.48% 31.44% 32.51% 32.11%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.43% 43.52% 41.89% 42.63% 39.09% 39.64% 41.28% 41.08% 43.24% 41.93% 40.30%
Operating Expenses to Revenue		 49.70% 53.29% 52.91% 52.96% 49.21% 48.75% 50.37% 50.54% 52.83% 54.10% 50.14%
Earnings before Interest and Taxes (EBIT)		 32 29 29 31 35 39 36 38 33 35 35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 34 30 31 33 37 41 36 40 34 35 36
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.33 1.02 0.92 0.95 1.38 1.19 1.30 1.37 1.45 1.19 1.26
Price to Tangible Book Value (P/TBV)		 1.38 1.06 0.94 0.97 1.42 1.22 1.33 1.40 1.48 1.22 1.29
Price to Revenue (P/Rev)		 2.57 1.90 1.68 1.81 2.79 2.48 2.77 3.05 3.24 2.79 3.01
Price to Earnings (P/E)		 8.32 5.99 5.34 5.74 9.20 7.84 8.49 9.16 9.61 8.42 9.21
Dividend Yield		 1.99% 2.66% 2.53% 2.37% 1.52% 1.67% 1.53% 1.41% 1.38% 1.75% 1.67%
Earnings Yield		 12.02% 16.68% 18.72% 17.42% 10.87% 12.75% 11.78% 10.91% 10.41% 11.87% 10.86%
Enterprise Value to Invested Capital (EV/IC)		 1.09 0.84 0.87 0.80 1.15 0.95 1.19 1.15 1.25 1.09 1.03
Enterprise Value to Revenue (EV/Rev)		 4.82 2.19 2.51 2.39 3.52 2.43 2.83 2.79 4.04 2.80 2.70
Enterprise Value to EBITDA (EV/EBITDA)		 10.73 4.83 5.62 5.32 7.81 5.10 5.86 5.71 8.45 6.06 5.92
Enterprise Value to EBIT (EV/EBIT)		 11.76 5.21 5.97 5.63 8.21 5.36 6.11 5.94 8.77 6.22 6.06
Enterprise Value to NOPAT (EV/NOPAT)		 15.61 6.93 7.97 7.57 11.64 7.68 8.69 8.39 11.99 8.46 8.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.63 3.72 5.11 4.40 8.74 6.34 7.52 7.96 10.29 6.94 6.91
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 2.81 10.28 4.13 4.65 0.00 15.98 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.29 0.41 0.57 0.56 0.52 0.23 0.12 0.10 0.44 0.09 0.10
Long-Term Debt to Equity		 0.15 0.41 0.14 0.14 0.00 0.11 0.11 0.00 0.00 0.00 0.00
Financial Leverage		 0.69 0.28 0.38 0.44 0.88 0.31 0.32 0.30 0.48 0.15 0.11
Leverage Ratio		 13.91 14.81 15.33 15.26 14.45 14.06 13.66 13.12 12.55 12.14 12.05
Compound Leverage Factor		 13.91 14.81 15.33 15.26 14.45 14.06 13.66 13.12 12.55 12.14 12.05
Debt to Total Capital		 56.38% 29.16% 36.49% 35.81% 34.25% 18.46% 10.68% 8.93% 30.76% 8.65% 9.10%
Short-Term Debt to Total Capital		 49.71% 0.00% 27.63% 27.02% 34.25% 9.14% 1.26% 8.93% 30.76% 8.65% 9.10%
Long-Term Debt to Total Capital		 6.66% 29.16% 8.86% 8.79% 0.00% 9.33% 9.42% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.01% 0.02% 0.02% 0.02% 0.01% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 43.61% 70.82% 63.49% 64.17% 65.73% 81.52% 89.30% 91.06% 69.24% 91.35% 90.90%
Debt to EBITDA		 5.55 1.68 2.36 2.38 2.33 0.99 0.53 0.44 2.08 0.48 0.52
Net Debt to EBITDA		 5.01 0.65 1.85 1.28 1.63 -0.11 0.13 -0.53 1.68 0.03 -0.66
Long-Term Debt to EBITDA		 0.66 1.68 0.57 0.58 0.00 0.50 0.46 0.00 0.00 0.00 0.00
Debt to NOPAT		 8.07 2.41 3.35 3.39 3.47 1.49 0.78 0.65 2.95 0.67 0.73
Net Debt to NOPAT		 7.29 0.93 2.63 1.83 2.44 -0.17 0.19 -0.77 2.38 0.04 -0.92
Long-Term Debt to NOPAT		 0.95 2.41 0.81 0.83 0.00 0.75 0.69 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.02% 0.03% 0.03% 0.03% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -494 -101 -229 -188 299 3.50 136 112 -107 -24 -80
Operating Cash Flow to CapEx		 29,320.99% 13,252.09% 4,700.00% 10,583.51% 5,936.82% 15,102.42% 11,435.92% 6,116.07% 3,930.35% 1,951.74% 0.00%
Free Cash Flow to Firm to Interest Expense		 -44.13 -5.72 -9.98 -6.85 10.43 0.12 4.56 3.66 -3.64 -0.80 -2.57
Operating Cash Flow to Interest Expense		 4.74 1.97 1.19 1.45 0.53 1.08 0.94 1.17 0.98 1.14 0.80
Operating Cash Flow Less CapEx to Interest Expense		 4.72 1.96 1.16 1.43 0.53 1.07 0.93 1.15 0.96 1.08 0.82
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 24.43 26.83 29.05 30.10 32.91 36.20 39.14 42.38 44.48 43.38 41.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,167 733 832 851 890 757 723 767 1,022 806 829
Invested Capital Turnover		 0.29 0.42 0.41 0.38 0.28 0.40 0.39 0.39 0.33 0.40 0.41
Increase / (Decrease) in Invested Capital		 519 122 250 211 -276 24 -109 -84 132 49 106
Enterprise Value (EV)		 1,272 614 722 682 1,024 721 860 878 1,276 882 857
Market Capitalization		 678 531 484 517 809 736 840 959 1,023 878 952
Book Value per Share		 $16.59 $16.89 $17.26 $17.93 $19.26 $20.22 $21.16 $22.78 $23.07 $23.98 $24.65
Tangible Book Value per Share		 $16.07 $16.37 $16.75 $17.43 $18.76 $19.73 $20.68 $22.31 $22.60 $23.52 $24.19
Total Capital		 1,167 733 832 851 890 757 723 767 1,022 806 829
Total Debt		 658 214 304 305 305 140 77 68 314 70 75
Total Long-Term Debt		 78 214 74 75 0.00 71 68 0.00 0.00 0.00 0.00
Net Debt		 594 83 238 165 214 -15 19 -81 254 3.96 -96
Capital Expenditures (CapEx)		 0.18 0.26 0.58 0.38 0.26 0.21 0.25 0.59 0.74 1.75 -0.71
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 658 214 304 305 305 140 77 68 314 70 75
Total Depreciation and Amortization (D&A)		 1.93 1.54 1.69 1.87 1.30 2.20 0.64 1.93 0.66 0.41 0.49
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.79 $0.69 $0.71 $0.73 $0.75 $0.89 $0.88 $0.91 $0.80 $0.82 $0.85
Adjusted Weighted Average Basic Shares Outstanding		 30.74M 30.61M 30.46M 30.39M 30.51M 30.52M 30.64M 30.67M 30.69M 30.59M 30.11M
Adjusted Diluted Earnings per Share		 $0.79 $0.69 $0.70 $0.73 $0.74 $0.89 $0.87 $0.90 $0.78 $0.81 $0.84
Adjusted Weighted Average Diluted Shares Outstanding		 30.74M 30.61M 30.46M 30.39M 30.51M 30.52M 30.64M 30.67M 30.69M 30.59M 30.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 30.74M 30.61M 30.46M 30.39M 30.51M 30.52M 30.64M 30.67M 30.69M 30.59M 30.11M
Normalized Net Operating Profit after Tax (NOPAT)		 25 21 22 22 23 27 27 28 24 25 26
Normalized NOPAT Margin		 34.59% 29.44% 30.51% 31.64% 29.57% 34.82% 34.10% 34.48% 31.44% 32.51% 32.11%
Pre Tax Income Margin		 44.11% 39.87% 41.53% 44.19% 45.90% 49.22% 45.60% 47.17% 42.44% 45.12% 43.81%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.82 1.64 1.28 1.13 1.23 1.33 1.20 1.25 1.12 1.15 1.14
NOPAT to Interest Expense		 2.21 1.21 0.94 0.81 0.79 0.94 0.90 0.91 0.83 0.83 0.83
EBIT Less CapEx to Interest Expense		 2.80 1.62 1.26 1.12 1.22 1.33 1.19 1.23 1.10 1.10 1.16
NOPAT Less CapEx to Interest Expense		 2.19 1.19 0.92 0.80 0.78 0.94 0.89 0.89 0.81 0.77 0.86
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 13.76% 13.31% 13.76% 13.84% 14.02% 13.17% 13.10% 13.00% 13.37% 14.78% 15.61%
Augmented Payout Ratio		 31.41% 29.01% 21.61% 23.46% 24.87% 21.24% 19.08% 16.38% 16.53% 22.63% 32.27%

Key Financial Trends

Amalgamated Financial (NASDAQ: AMAL) has shown solid financial performance over the last four years with key indicators demonstrating growth and stability.

Positive Trends:

  • Net income has steadily increased from approximately $19.6 million in Q2 2022 to nearly $26 million in Q2 2025, reflecting improved profitability.
  • Net interest income rose from about $56.5 million in Q2 2022 to over $72.9 million in Q2 2025, indicating effective interest management and growth in interest-earning assets.
  • Total revenue grew consistently, reaching $80.9 million in Q2 2025 compared to $63.7 million in Q2 2022, mainly driven by higher interest income and increased service charges.
  • Loan and lease balances increased significantly, from around $3.6 billion (net of allowance) in Q2 2022 to approximately $4.65 billion in Q2 2025, representing strong loan portfolio growth.
  • Provision for loan losses has remained controlled relative to loan growth, suggesting disciplined credit risk management, with $4.89 million in Q2 2025 versus $2.9 million in Q2 2022.
  • Cash flow from operating activities has increased, with $24.9 million generated in Q2 2025 compared to $51 million in Q2 2022 over earlier quarters, supporting healthy liquidity.
  • Total common equity has grown from about $498 million in Q2 2022 to $754 million in Q2 2025, providing a stronger capital base.

Neutral Observations:

  • Non-interest income showed some fluctuations but contributed approximately $8 million in Q2 2025, influenced by investment banking and service charges.
  • Non-interest expenses increased but remain well-managed, with operating expenses reflecting investments in growth and infrastructure.
  • The company has maintained dividends consistently around $0.10-$0.14 per share during recent quarters, indicating steady shareholder returns.

Areas of Caution:

  • Investment securities purchases and sales show high volatility quarter-over-quarter, reflecting active portfolio management but potential market risk, e.g., net negative investing cash flows in recent quarters.
  • An increase in accumulated other comprehensive losses on the balance sheet, from roughly -$78 million in Q1 2022 to about -$43 million in Q2 2025, indicating unrealized losses that could impact equity and market perception.
  • Interest expense related to deposits remains a significant cost, growing alongside interest income; the net interest margin and efficiency should be monitored closely.
  • The issuance and repayment of debt vary substantially between quarters, which could cause earnings volatility due to interest rate fluctuations and refinancing risks.
  • Repurchase of common equity and dividend payments represent consistent cash outflows, which could constrain liquidity in adverse conditions.

Overall, Amalgamated Financial demonstrates growth in profitability and asset size with prudent risk controls, supported by improving capital adequacy. However, investors should watch fluctuations in investment activity, comprehensive income impacts, and interest expense pressures in the context of future interest rate environments.

08/08/25 10:31 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Amalgamated Financial's Financials

When does Amalgamated Financial's fiscal year end?

According to the most recent income statement we have on file, Amalgamated Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Amalgamated Financial's net income changed over the last 6 years?

Amalgamated Financial's net income appears to be on an upward trend, with a most recent value of $106.43 million in 2024, rising from $44.65 million in 2018. The previous period was $87.98 million in 2023. See Amalgamated Financial's forecast for analyst expectations on what’s next for the company.

How has Amalgamated Financial's revenue changed over the last 6 years?

Over the last 6 years, Amalgamated Financial's total revenue changed from $178.06 million in 2018 to $315.65 million in 2024, a change of 77.3%.

How much debt does Amalgamated Financial have?

Amalgamated Financial's total liabilities were at $7.55 billion at the end of 2024, a 2.2% increase from 2023, and a 56.1% increase since 2019.

How much cash does Amalgamated Financial have?

In the past 5 years, Amalgamated Financial's cash and equivalents has ranged from $2.86 million in 2023 to $8.62 million in 2021, and is currently $4.04 million as of their latest financial filing in 2024.

How has Amalgamated Financial's book value per share changed over the last 6 years?

Over the last 6 years, Amalgamated Financial's book value per share changed from 0.00 in 2018 to 23.07 in 2024, a change of 2,307.4%.


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This page (NASDAQ:AMAL) was last updated on 8/8/2025 by MarketBeat.com Staff
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