Amalgamated Financial (AMAL) Financials

$43.68 -0.97 (-2.17%)

Closing price 04:00 PM Eastern

Extended Trading

$43.74 +0.06 (+0.14%)

As of 04:36 PM Eastern

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	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	45	47	46	53	81	88	106	104
Consolidated Net Income / (Loss)	45	47	46	53	81	88	106	104
Net Income / (Loss) Continuing Operations	45	47	46	53	81	88	106	104
Total Pre-Tax Income	50	64	62	71	108	125	146	140
Total Revenue	178	196	221	203	264	291	316	329
Net Interest Income / (Expense)	150	167	180	174	240	261	282	298
Total Interest Income	164	186	190	181	258	358	401	422
Loans and Leases Interest Income	130	140	142	123	146	191	215	241
Investment Securities Interest Income	33	45	48	57	111	161	177	176
Deposits and Money Market Investments Interest Income	1.44	0.95	0.70	0.65	2.19	5.78	8.67	5.34
Total Interest Expense	14	19	10	6.22	19	97	119	124
Deposits Interest Expense	9.57	14	10	5.82	11	81	113	122
Long-Term Debt Interest Expense	4.65	4.86	0.03	0.40	7.59	16	5.41	2.89
Total Non-Interest Income	28	29	41	28	24	29	33	31
Service Charges on Deposit Accounts	8.18	8.54	9.20	9.36	11	11	32	18
Other Service Charges	0.87	0.88	2.04	1.02	1.77	2.71	2.08	2.02
Net Realized & Unrealized Capital Gains on Investments	-1.19	-0.47	11	2.28	-7.19	-2.43	-19	-7.88
Investment Banking Income	19	19	15	13	14	15	15	16
Other Non-Interest Income	1.67	1.65	3.09	2.39	3.87	2.88	2.50	3.12
Provision for Credit Losses	-0.26	3.84	25	-0.29	15	15	10	16
Total Non-Interest Expense	128	128	134	132	141	151	160	172
Salaries and Employee Benefits	67	70	69	70	75	86	94	99
Net Occupancy & Equipment Expense	28	29	34	30	31	31	33	37
Marketing Expense	3.40	2.91	3.51	3.23	3.74	4.18	3.73	2.35
Property & Liability Insurance Claims	-	-	3.15	2.53	3.23	4.02	3.72	3.78
Other Operating Expenses	25	21	19	22	23	22	22	27
Depreciation Expense	3.64	3.54	3.31	3.06	3.01	2.83	2.47	2.15
Amortization Expense	0.97	1.37	1.37	1.21	1.05	0.89	0.73	0.57
Income Tax Expense	5.67	17	16	18	27	37	39	36
Basic Earnings per Share	$1.47	$1.49	$1.48	$1.70	$2.64	$2.88	$3.48	$3.44
Weighted Average Basic Shares Outstanding	-	-	31.12M	31.12M	30.74M	30.51M	30.69M	29.83M
Diluted Earnings per Share	$1.46	$1.47	$1.48	$1.68	$2.61	$2.86	$3.44	$3.41
Weighted Average Diluted Shares Outstanding	-	-	31.12M	31.12M	30.74M	30.51M	30.69M	29.83M
Weighted Average Basic & Diluted Shares Outstanding	-	-	31.12M	31.12M	30.74M	30.51M	30.69M	29.83M

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	22	23	27	27	28	24	25	26	27	27	25
Consolidated Net Income / (Loss)	22	23	27	27	28	24	25	26	27	27	25
Net Income / (Loss) Continuing Operations	22	23	27	27	28	24	25	26	27	27	25
Total Pre-Tax Income	31	35	39	36	38	33	35	35	37	33	34
Total Revenue	71	77	78	78	81	78	77	81	86	85	93
Net Interest Income / (Expense)	64	67	68	69	72	73	71	73	76	78	80
Total Interest Income	91	96	97	99	103	103	101	104	110	108	109
Loans and Leases Interest Income	50	52	52	51	54	58	58	59	62	62	63
Investment Securities Interest Income	40	42	42	45	46	43	42	44	46	45	44
Deposits and Money Market Investments Interest Income	1.69	2.42	2.59	2.69	2.27	1.11	1.19	1.64	1.24	1.27	1.65
Total Interest Expense	28	29	29	30	31	29	30	31	33	30	29
Deposits Interest Expense	23	25	26	29	30	29	29	31	33	29	29
Long-Term Debt Interest Expense	4.35	3.35	3.01	0.89	0.60	0.91	1.20	0.60	0.56	0.54	0.54
Total Non-Interest Income	6.78	9.40	10	9.26	8.94	4.79	6.41	8.03	9.16	7.35	13
Service Charges on Deposit Accounts	2.73	3.10	6.14	8.61	12	5.34	3.44	3.87	4.26	5.93	7.20
Other Service Charges	0.77	0.58	0.29	0.55	0.81	0.44	0.51	0.45	0.44	0.62	0.64
Net Realized & Unrealized Capital Gains on Investments	-1.12	1.33	-0.66	-4.17	-8.28	-5.62	-2.36	-0.97	-0.56	-4.00	-0.19
Investment Banking Income	3.68	3.56	3.85	3.66	3.70	3.97	4.19	3.88	3.97	4.14	4.31
Other Non-Interest Income	0.73	0.83	0.61	0.62	0.61	0.66	0.63	0.80	1.05	0.65	1.32
Provision for Credit Losses	2.01	3.76	1.59	3.16	1.85	3.69	0.60	4.89	5.30	5.54	13
Total Non-Interest Expense	37	38	38	40	41	41	42	41	44	46	46
Salaries and Employee Benefits	21	21	22	23	24	25	23	23	25	27	26
Net Occupancy & Equipment Expense	7.89	7.99	7.53	8.17	8.51	8.68	8.91	8.96	9.43	10	11
Marketing Expense	0.82	0.75	1.22	1.18	1.02	0.31	0.05	0.41	0.50	1.39	0.61
Property & Liability Insurance Claims	1.20	1.00	1.05	1.05	0.90	0.72	0.90	0.90	1.00	0.98	1.01
Other Operating Expenses	5.18	5.84	5.23	5.32	5.94	5.99	7.70	6.36	6.50	6.83	7.10
Depreciation Expense	0.69	0.70	0.66	0.58	0.65	0.58	0.63	0.57	0.58	0.36	0.55
Amortization Expense	0.22	0.22	0.18	0.18	0.18	0.18	0.14	0.14	0.14	0.14	0.11
Income Tax Expense	8.85	13	11	9.02	10	8.56	9.71	9.47	9.90	6.63	8.84
Basic Earnings per Share	$0.73	$0.75	$0.89	$0.88	$0.91	$0.80	$0.82	$0.85	$0.89	$0.88	$0.85
Weighted Average Basic Shares Outstanding	30.39M	30.51M	30.52M	30.64M	30.67M	30.69M	30.59M	30.11M	29.94M	29.83M	29.87M
Diluted Earnings per Share	$0.73	$0.74	$0.89	$0.87	$0.90	$0.78	$0.81	$0.84	$0.88	$0.88	$0.84
Weighted Average Diluted Shares Outstanding	30.39M	30.51M	30.52M	30.64M	30.67M	30.69M	30.59M	30.11M	29.94M	29.83M	29.87M
Weighted Average Basic & Diluted Shares Outstanding	30.39M	30.51M	30.52M	30.64M	30.67M	30.69M	30.59M	30.11M	29.94M	29.83M	29.87M
Cash Dividends to Common per Share	$0.10	-	$0.10	-	$0.12	-	$0.14	-	$0.14	-	$0.17

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	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-36	42	-84	292	-267	27	-30	230
Net Cash From Operating Activities	31	83	66	71	147	117	124	136
Net Cash From Continuing Operating Activities	31	83	66	71	147	117	124	136
Net Income / (Loss) Continuing Operations	45	47	46	53	81	88	106	104
Consolidated Net Income / (Loss)	45	47	46	53	81	88	106	104
Provision For Loan Losses	-0.26	3.84	25	-0.29	15	15	10	16
Depreciation Expense	4.20	4.63	6.19	3.64	9.30	5.51	4.70	6.22
Amortization Expense	-0.26	-3.00	6.41	7.82	1.05	0.89	0.73	0.57
Non-Cash Adjustments to Reconcile Net Income	11	6.45	-18	17	42	13	29	15
Changes in Operating Assets and Liabilities, net	-28	24	0.51	-11	-1.25	-4.39	-27	-6.60
Net Cash From Investing Activities	-258	-546	-755	-865	-1,202	-134	-316	-378
Net Cash From Continuing Investing Activities	-258	-546	-755	-865	-1,202	-134	-316	-378
Purchase of Property, Leasehold Improvements and Equipment	-1.43	-0.75	-1.61	-2.40	-1.67	-1.48	-1.78	-1.38
Purchase of Investment Securities	-692	-771	-993	-1,699	-1,290	-356	-1,288	-1,119
Sale and/or Maturity of Investments	435	576	276	668	915	540	972	1,084
Other Investing Activities, net	-	-350	-37	168	-826	-317	1.91	-342
Net Cash From Financing Activities	192	504	606	1,087	788	44	162	473
Net Cash From Continuing Financing Activities	192	504	606	1,088	788	44	162	473
Net Change in Deposits	510	536	698	1,018	239	417	169	769
Issuance of Common Equity	0.00	-	-	0.00	0.67	0.80	0.79	1.39
Repayment of Debt	-310	-18	0.00	84	574	-352	-	-245
Repurchase of Common Equity	0.00	-5.79	-7.00	-2.92	-14	-9.54	-3.36	-35
Payment of Dividends	-1.93	-8.30	-9.99	-9.98	-11	-12	-14	-17
Other Financing Activities, Net	-6.97	0.40	-0.14	-	0.00	0.00	-0.15	0.00
Cash Interest Paid	15	19	11	6.04	18	86	129	124

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	75	-50	65	-97	91	-88	4.97	105	-56	176	-111
Net Cash From Operating Activities	40	15	31	28	36	29	34	25	39	37	57
Net Cash From Continuing Operating Activities	40	15	31	28	36	29	34	25	39	37	57
Net Income / (Loss) Continuing Operations	22	23	27	27	28	24	25	26	27	27	25
Consolidated Net Income / (Loss)	22	23	27	27	28	24	25	26	27	27	25
Provision For Loan Losses	2.01	3.76	1.59	3.16	1.85	3.69	0.60	4.89	5.30	5.54	13
Depreciation Expense	0.88	2.86	2.02	0.77	0.77	2.27	0.27	0.34	0.11	5.51	1.99
Amortization Expense	0.99	-1.56	0.18	-0.13	1.16	-1.62	0.14	0.14	0.14	0.14	0.11
Non-Cash Adjustments to Reconcile Net Income	3.20	-1.22	6.21	5.09	7.94	9.54	6.24	1.67	4.71	2.20	3.82
Changes in Operating Assets and Liabilities, net	10	-11	-5.99	-7.77	-3.75	-9.37	1.94	-8.11	2.45	-2.88	12
Net Cash From Investing Activities	-57	-82	-91	-202	-78	55	-6.61	-232	-117	-22	-387
Net Cash From Continuing Investing Activities	-57	-82	-91	-202	-78	55	-6.61	-232	-117	-22	-387
Purchase of Property, Leasehold Improvements and Equipment	-0.38	-0.26	-0.21	-0.25	-0.59	-0.74	-1.75	0.71	-1.19	0.86	-6.08
Purchase of Investment Securities	62	-418	-263	-387	-416	59	-180	-407	-403	-140	-469
Sale and/or Maturity of Investments	145	70	187	236	272	359	180	168	288	459	166
Other Investing Activities, net	-264	266	-15	-50	67	-361	-4.67	5.58	-0.82	-342	-78
Net Cash From Financing Activities	92	17	125	77	133	-173	-23	313	22	161	219
Net Cash From Continuing Financing Activities	92	17	125	77	133	-173	-23	313	22	161	219
Net Change in Deposits	96	21	294	143	146	-414	231	321	37	179	229
Issuance of Debt	-342	-6.05	-	-60	219	-	-245	-	-	-	0.00
Issuance of Common Equity	0.14	0.15	0.24	0.21	0.18	0.16	0.79	0.24	0.20	0.15	0.75
Repurchase of Common Equity	-2.78	-1.25	-1.04	-0.86	-0.39	-1.07	-5.85	-9.92	-11	-8.73	-5.23
Payment of Dividends	-3.06	-3.06	-3.12	-3.74	-3.70	-3.68	-4.29	-4.48	-4.25	-4.19	-5.27
Cash Interest Paid	23	27	35	33	30	31	30	32	33	30	29
Cash Income Taxes Paid	4.04	15	0.32	16	12	2.38	1.51	13	6.11	-	21

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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	5,325	5,979	7,078	7,843	7,972	8,257	8,870
Cash and Due from Banks	7.60	7.74	8.62	5.11	2.86	4.04	4.50
Interest Bearing Deposits at Other Banks	115	31	322	58	88	57	287
Trading Account Securities	1,520	2,212	3,196	3,396	3,245	3,285	3,397
Loans and Leases, Net of Allowance	3,439	3,447	3,276	4,061	4,346	4,613	4,900
Loans and Leases	3,473	3,489	3,312	4,106	4,411	4,673	4,957
Allowance for Loan and Lease Losses	34	42	36	45	66	60	58
Accrued Investment Income	19	24	29	41	55	61	65
Premises and Equipment, Net	18	13	12	9.86	7.81	6.39	4.69
Goodwill	13	13	13	13	13	13	13
Intangible Assets	6.73	5.36	4.15	3.11	2.22	1.49	0.91
Other Assets	188	225	217	255	213	216	198
Total Liabilities & Shareholders' Equity	5,325	5,979	7,078	7,843	7,972	8,257	8,870
Total Liabilities	4,835	5,443	6,514	7,334	7,387	7,549	8,075
Non-Interest Bearing Deposits	4,641	5,339	6,356	6,595	7,012	7,181	7,949
Short-Term Debt	-	-	-	580	305	314	70
Other Long-Term Liabilities	119	104	74	81	70	54	57
Commitments & Contingencies	0.00	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	491	536	564	509	585	708	794
Total Preferred & Common Equity	490	536	564	509	585	708	794
Total Common Equity	490	536	564	509	585	708	794
Common Stock	306	301	298	287	289	289	294
Retained Earnings	181	217	260	330	388	480	567
Treasury Stock	-	-	-	0.00	-5.34	-2.82	-35
Accumulated Other Comprehensive Income / (Loss)	3.23	17	5.41	-109	-86	-59	-32

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	9/30/2025	3/31/2026
Total Assets	7,868	7,836	7,793	7,910	8,137	8,251	8,414	8,285	8,621	8,683	9,171
Cash and Due from Banks	3.40	5.19	4.42	5.49	3.83	4.08	3.95	4.20	4.05	5.03	12
Interest Bearing Deposits at Other Banks	63	126	61	135	151	54	145	62	167	111	168
Trading Account Securities	3,668	1,668	3,249	3,187	3,350	3,507	3,504	3,331	3,523	3,565	3,763
Loans and Leases, Net of Allowance	3,829	4,131	4,184	4,297	4,359	4,408	4,486	4,620	4,655	4,732	4,965
Loans and Leases	3,871	4,198	4,252	4,365	4,424	4,472	4,548	4,678	4,714	4,789	5,033
Allowance for Loan and Lease Losses	42	67	67	68	64	63	61	58	59	56	68
Accrued Investment Income	35	41	44	48	53	53	54	55	56	57	56
Premises and Equipment, Net	11	9.25	8.93	8.43	7.13	6.60	6.41	7.37	8.82	6.17	10
Goodwill	13	13	13	13	13	13	13	13	13	13	13
Intangible Assets	3.37	2.88	2.66	2.44	2.03	1.85	1.67	1.34	1.20	1.06	0.81
Other Assets	243	5,971	225	214	196	203	199	192	194	193	183
Total Liabilities & Shareholders' Equity	7,868	7,836	7,793	7,910	8,137	8,251	8,414	8,285	8,621	8,683	9,171
Total Liabilities	7,380	7,317	7,264	7,363	7,520	7,605	7,715	7,549	7,867	7,907	8,363
Non-Interest Bearing Deposits	7,160	7,041	6,895	6,991	7,306	7,449	7,595	7,412	7,733	7,770	8,178
Short-Term Debt	75	-	230	230	69	9.14	68	70	75	75	70
Other Long-Term Liabilities	67	62	66	68	74	78	52	67	59	62	116
Commitments & Contingencies	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	488	519	529	546	617	646	698	736	754	776	808
Total Preferred & Common Equity	488	519	528	546	617	646	698	736	754	776	808
Total Common Equity	488	519	528	546	617	646	698	736	754	776	808
Common Stock	287	288	287	288	288	286	287	289	291	292	295
Retained Earnings	309	331	349	368	412	435	459	501	522	545	587
Treasury Stock	-	-2.15	-2.69	-4.85	-4.02	-1.97	-1.97	-6.33	-16	-26	-38
Accumulated Other Comprehensive Income / (Loss)	-108	-97	-105	-105	-79	-74	-47	-47	-43	-35	-37

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

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	29,936,320.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	29,936,320.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	3.49
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	9.98%	12.65%	-8.13%	30.12%	10.20%	8.60%	4.14%
EBITDA Growth	0.00%	21.28%	13.28%	10.25%	44.21%	10.64%	15.17%	-2.70%
EBIT Growth	0.00%	27.53%	-3.48%	14.18%	52.94%	15.32%	16.72%	-3.73%
NOPAT Growth	0.00%	5.71%	-2.15%	14.61%	53.91%	7.98%	20.98%	-1.87%
Net Income Growth	0.00%	5.71%	-2.15%	14.61%	53.91%	7.98%	20.98%	-1.87%
EPS Growth	0.00%	0.68%	0.68%	13.51%	55.36%	9.58%	20.28%	-0.87%
Operating Cash Flow Growth	0.00%	169.06%	-21.20%	7.25%	108.85%	-20.43%	5.84%	9.44%
Free Cash Flow Firm Growth	0.00%	0.00%	114.65%	-177.65%	-642.15%	183.28%	-106.95%	1,135.99%
Invested Capital Growth	0.00%	0.00%	-5.26%	20.88%	80.12%	-23.69%	14.80%	-15.46%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.88%	4.82%	1.80%	0.37%	2.28%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	2.02%	9.46%	2.35%	-1.82%	3.67%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	3.52%	11.01%	3.01%	-1.46%	0.15%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	4.20%	12.16%	-2.29%	1.72%	2.10%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	4.20%	12.16%	-2.29%	1.72%	2.10%
EPS Q/Q Growth	0.00%	0.00%	0.00%	3.07%	12.50%	-1.72%	1.18%	3.02%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-29.32%	32.26%	-24.36%	12.40%	6.38%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-3,743.95%	402.02%	-113.41%	1,357.19%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	16.41%	82.17%	4.60%	33.29%	1.52%
Profitability Metrics	-	-	-	-	-	-	-	-
EBITDA Margin	30.47%	33.60%	33.79%	40.55%	44.94%	45.12%	47.85%	44.70%
EBIT Margin	28.26%	32.77%	28.08%	34.89%	41.01%	42.91%	46.12%	42.64%
Profit (Net Income) Margin	25.08%	24.10%	20.94%	26.12%	30.89%	30.27%	33.72%	31.77%
Tax Burden Percent	88.74%	73.55%	74.57%	74.85%	75.33%	70.53%	73.11%	74.52%
Interest Burden Percent	100.00%	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%	25.48%
Return on Invested Capital (ROIC)	0.00%	16.69%	8.39%	8.95%	8.98%	8.55%	11.13%	11.08%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	16.69%	8.39%	8.95%	8.98%	8.55%	11.13%	11.08%
Return on Net Nonoperating Assets (RNNOA)	0.00%	2.55%	0.61%	0.68%	6.21%	7.52%	5.33%	2.83%
Return on Equity (ROE)	0.00%	19.24%	9.00%	9.63%	15.19%	16.08%	16.46%	13.91%
Cash Return on Invested Capital (CROIC)	0.00%	-183.31%	13.78%	-9.96%	-48.22%	35.43%	-2.65%	27.84%
Operating Return on Assets (OROA)	0.00%	1.21%	1.10%	1.08%	1.45%	1.58%	1.79%	1.64%
Return on Assets (ROA)	0.00%	0.89%	0.82%	0.81%	1.09%	1.11%	1.31%	1.22%
Return on Common Equity (ROCE)	0.00%	19.24%	9.00%	9.63%	15.19%	16.08%	16.46%	13.91%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.63%	8.62%	9.39%	16.01%	15.03%	15.04%	13.15%
Net Operating Profit after Tax (NOPAT)	45	47	46	53	81	88	106	104
NOPAT Margin	25.08%	24.10%	20.94%	26.12%	30.89%	30.27%	33.72%	31.77%
Net Nonoperating Expense Percent (NNEP)	0.00%	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%	42.09%
Operating Expenses to Revenue	71.89%	65.27%	60.69%	65.25%	53.30%	52.04%	50.62%	52.40%
Earnings before Interest and Taxes (EBIT)	50	64	62	71	108	125	146	140
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	66	75	82	119	131	151	147
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.89	1.33	1.38	1.45	1.23
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.91	1.38	1.42	1.48	1.25
Price to Revenue (P/Rev)	0.00	0.00	0.00	2.47	2.57	2.79	3.24	2.98
Price to Earnings (P/E)	0.00	0.00	0.00	9.44	8.32	9.20	9.61	9.37
Dividend Yield	0.34%	1.46%	2.48%	1.99%	1.99%	1.52%	1.38%	1.76%
Earnings Yield	0.00%	0.00%	0.00%	10.59%	12.02%	10.87%	10.41%	10.68%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.39	1.09	1.15	1.25	0.88
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.25	4.82	3.52	4.04	2.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	3.08	10.73	7.81	8.45	5.15
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	3.58	11.76	8.21	8.77	5.40
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	4.79	15.61	11.64	11.99	7.24
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	3.59	8.63	8.74	10.29	5.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	2.81	0.00	2.88
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.15	0.00	0.15	1.29	0.52	0.44	0.09
Long-Term Debt to Equity	0.00	0.15	0.00	0.15	0.15	0.00	0.00	0.00
Financial Leverage	0.00	0.15	0.07	0.08	0.69	0.88	0.48	0.26
Leverage Ratio	0.00	10.86	11.01	11.87	13.91	14.45	12.55	11.40
Compound Leverage Factor	0.00	10.86	11.01	11.87	13.91	14.45	12.55	11.40
Debt to Total Capital	0.00%	13.26%	0.00%	12.94%	56.38%	34.25%	30.76%	8.05%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	49.71%	34.25%	30.76%	8.05%
Long-Term Debt to Total Capital	0.00%	13.26%	0.00%	12.94%	6.66%	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%
Noncontrolling Interests to Total Capital	0.00%	0.02%	0.02%	0.02%	0.01%	0.01%	0.00%	0.00%
Common Equity to Total Capital	0.00%	86.71%	99.98%	87.04%	43.61%	65.73%	69.24%	91.95%
Debt to EBITDA	0.00	1.14	0.00	1.02	5.55	2.33	2.08	0.47
Net Debt to EBITDA	0.00	-0.72	0.00	-3.00	5.01	1.63	1.68	-1.51
Long-Term Debt to EBITDA	0.00	1.14	0.00	1.02	0.66	0.00	0.00	0.00
Debt to NOPAT	0.00	1.59	0.00	1.58	8.07	3.47	2.95	0.67
Net Debt to NOPAT	0.00	-1.01	0.00	-4.66	7.29	2.44	2.38	-2.12
Long-Term Debt to NOPAT	0.00	1.59	0.00	1.58	0.95	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.03%	0.03%	0.02%	0.02%	0.02%	0.01%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-518	76	-59	-437	364	-25	262
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%	9,846.41%
Free Cash Flow to Firm to Interest Expense	0.00	-26.83	7.24	-9.47	-23.46	3.77	-0.21	2.11
Operating Cash Flow to Interest Expense	2.18	4.32	6.28	11.34	7.90	1.21	1.04	1.09
Operating Cash Flow Less CapEx to Interest Expense	2.08	4.28	6.12	10.95	7.81	1.20	1.03	1.08
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.04	0.04	0.03	0.04	0.04	0.04	0.04
Fixed Asset Turnover	0.00	11.02	14.35	16.40	24.43	32.91	44.48	59.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	566	536	648	1,167	890	1,022	864
Invested Capital Turnover	0.00	0.69	0.40	0.34	0.29	0.28	0.33	0.35
Increase / (Decrease) in Invested Capital	0.00	566	-30	112	519	-276	132	-158
Enterprise Value (EV)	0.00	0.00	0.00	253	1,272	1,024	1,276	757
Market Capitalization	0.00	0.00	0.00	500	678	809	1,023	978
Book Value per Share	$0.00	$0.00	$17.22	$18.13	$16.59	$19.26	$23.07	$26.54
Tangible Book Value per Share	$0.00	$0.00	$16.63	$17.58	$16.07	$18.76	$22.60	$26.08
Total Capital	0.00	566	536	648	1,167	890	1,022	864
Total Debt	0.00	75	0.00	84	658	305	314	70
Total Long-Term Debt	0.00	75	0.00	84	78	0.00	0.00	0.00
Net Debt	0.00	-48	-39	-247	594	214	254	-222
Capital Expenditures (CapEx)	1.43	0.75	1.61	2.40	1.67	1.48	1.78	1.38
Net Nonoperating Expense (NNE)	0.00	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	70
Total Depreciation and Amortization (D&A)	3.94	1.63	13	11	10	6.40	5.43	6.80
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.48	$1.70	$2.64	$2.88	$3.48	$3.44
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	31.12M	31.12M	30.74M	30.51M	30.69M	29.83M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.48	$1.68	$2.61	$2.86	$3.44	$3.41
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	31.12M	31.12M	30.74M	30.51M	30.69M	29.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	29.83M
Normalized Net Operating Profit after Tax (NOPAT)	45	47	46	53	81	88	106	104
Normalized NOPAT Margin	25.08%	24.10%	20.94%	26.12%	30.89%	30.27%	33.72%	31.77%
Pre Tax Income Margin	28.26%	32.77%	28.08%	34.89%	41.01%	42.91%	46.12%	42.64%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.54	3.32	5.91	11.37	5.80	1.29	1.22	1.13
NOPAT to Interest Expense	3.14	2.44	4.41	8.51	4.37	0.91	0.90	0.84
EBIT Less CapEx to Interest Expense	3.44	3.28	5.76	10.98	5.71	1.27	1.21	1.12
NOPAT Less CapEx to Interest Expense	3.04	2.40	4.25	8.12	4.28	0.89	0.88	0.83
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.32%	17.59%	21.62%	18.85%	13.76%	14.02%	13.37%	16.47%
Augmented Payout Ratio	4.32%	29.84%	36.78%	24.36%	31.41%	24.87%	16.53%	50.14%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	29,936,320.00	29,829,356.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	29,936,320.00	29,829,356.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.89	0.85
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.92%	7.20%	7.97%	10.60%	14.95%	1.51%	-1.64%	3.17%	5.63%	9.39%	21.38%
EBITDA Growth	-1.56%	8.99%	33.81%	16.92%	21.61%	-7.68%	-13.71%	-1.66%	-7.72%	15.45%	2.89%
EBIT Growth	0.47%	11.54%	33.29%	21.44%	22.72%	-6.13%	-9.83%	-0.89%	-4.04%	0.65%	-1.93%
NOPAT Growth	-2.77%	-8.34%	27.70%	23.62%	25.26%	7.93%	-8.15%	-2.86%	-4.12%	8.78%	0.78%
Net Income Growth	-2.77%	-8.34%	27.70%	23.62%	25.26%	7.93%	-8.15%	-2.86%	-4.12%	8.78%	0.78%
EPS Growth	-1.35%	-6.33%	28.99%	24.29%	23.29%	5.41%	-8.99%	-3.45%	-2.22%	12.82%	3.70%
Operating Cash Flow Growth	52.13%	-71.14%	-10.30%	2.78%	-10.09%	89.37%	9.44%	-11.04%	10.40%	28.06%	65.94%
Free Cash Flow Firm Growth	-208.39%	160.51%	103.47%	159.34%	159.60%	-135.87%	-785.55%	-158.99%	-151.21%	272.16%	-92.69%
Invested Capital Growth	32.90%	-23.69%	3.24%	-13.10%	-9.91%	14.80%	6.48%	14.66%	10.99%	-15.46%	8.87%
Revenue Q/Q Growth	-0.59%	8.81%	2.01%	0.24%	3.31%	-3.90%	-1.16%	5.13%	5.78%	-0.48%	9.68%
EBITDA Q/Q Growth	6.04%	10.54%	11.55%	-10.58%	10.29%	-16.08%	4.26%	2.28%	2.77%	5.34%	-7.08%
EBIT Q/Q Growth	5.75%	13.02%	9.41%	-7.14%	6.86%	-13.55%	5.09%	2.08%	3.47%	-9.33%	2.40%
NOPAT Q/Q Growth	3.08%	1.71%	20.09%	-1.82%	4.44%	-12.35%	2.20%	3.84%	3.08%	-0.56%	-5.32%
Net Income Q/Q Growth	3.08%	1.71%	20.09%	-1.82%	4.44%	-12.35%	2.20%	3.84%	3.08%	-0.56%	-5.32%
EPS Q/Q Growth	4.29%	1.37%	20.27%	-2.25%	3.45%	-13.33%	3.85%	3.70%	4.76%	0.00%	-4.55%
Operating Cash Flow Q/Q Growth	45.98%	-61.51%	104.10%	-10.38%	27.70%	-18.93%	17.95%	-27.15%	58.47%	-5.96%	52.85%
Free Cash Flow Firm Q/Q Growth	17.67%	258.76%	-98.83%	3,778.01%	-17.31%	-195.55%	77.63%	-233.69%	28.21%	421.24%	-125.04%
Invested Capital Q/Q Growth	2.25%	4.60%	-15.01%	-4.40%	6.00%	33.29%	-21.17%	2.95%	2.61%	1.52%	1.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	46.84%	47.59%	52.04%	46.42%	49.56%	43.28%	45.65%	44.42%	43.15%	45.68%	38.70%
EBIT Margin	44.19%	45.90%	49.22%	45.60%	47.17%	42.44%	45.12%	43.81%	42.86%	39.05%	36.46%
Profit (Net Income) Margin	31.64%	29.57%	34.82%	34.10%	34.48%	31.44%	32.51%	32.11%	31.29%	31.27%	26.99%
Tax Burden Percent	71.60%	64.44%	70.73%	74.78%	73.08%	74.09%	72.05%	73.29%	73.02%	80.08%	74.04%
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	28.40%	35.56%	29.27%	25.22%	26.92%	25.91%	27.95%	26.71%	26.98%	19.92%	25.96%
Return on Invested Capital (ROIC)	12.11%	8.36%	13.86%	13.33%	13.40%	10.38%	13.08%	13.10%	12.43%	10.90%	11.07%
ROIC Less NNEP Spread (ROIC-NNEP)	12.11%	8.36%	13.86%	13.33%	13.40%	10.38%	13.08%	13.10%	12.43%	10.90%	11.07%
Return on Net Nonoperating Assets (RNNOA)	5.36%	7.35%	4.31%	4.32%	4.02%	4.97%	2.02%	1.43%	1.21%	2.79%	1.00%
Return on Equity (ROE)	17.47%	15.71%	18.17%	17.65%	17.42%	15.35%	15.11%	14.53%	13.65%	13.69%	12.07%
Cash Return on Invested Capital (CROIC)	-16.18%	35.43%	9.42%	26.74%	23.36%	-2.65%	7.06%	-0.34%	2.23%	27.84%	3.94%
Operating Return on Assets (OROA)	1.60%	1.69%	1.83%	1.73%	1.82%	1.65%	1.73%	1.65%	1.61%	1.50%	1.44%
Return on Assets (ROA)	1.15%	1.09%	1.29%	1.29%	1.33%	1.22%	1.24%	1.21%	1.18%	1.20%	1.07%
Return on Common Equity (ROCE)	17.47%	15.71%	18.16%	17.64%	17.42%	15.35%	15.11%	14.53%	13.65%	13.69%	12.07%
Return on Equity Simple (ROE_SIMPLE)	16.49%	0.00%	15.22%	15.33%	14.99%	0.00%	14.16%	13.72%	13.19%	0.00%	12.96%
Net Operating Profit after Tax (NOPAT)	22	23	27	27	28	24	25	26	27	27	25
NOPAT Margin	31.64%	29.57%	34.82%	34.10%	34.48%	31.44%	32.51%	32.11%	31.29%	31.27%	26.99%
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	42.63%	39.09%	39.64%	41.28%	41.08%	43.24%	41.93%	40.30%	41.34%	44.71%	39.73%
Operating Expenses to Revenue	52.96%	49.21%	48.75%	50.37%	50.54%	52.83%	54.10%	50.14%	50.95%	54.45%	49.11%
Earnings before Interest and Taxes (EBIT)	31	35	39	36	38	33	35	35	37	33	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	37	41	36	40	34	35	36	37	39	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.95	1.38	1.19	1.30	1.37	1.45	1.19	1.26	1.07	1.23	1.47
Price to Tangible Book Value (P/TBV)	0.97	1.42	1.22	1.33	1.40	1.48	1.22	1.29	1.09	1.25	1.50
Price to Revenue (P/Rev)	1.81	2.79	2.48	2.77	3.05	3.24	2.79	3.01	2.59	2.98	3.44
Price to Earnings (P/E)	5.74	9.20	7.84	8.49	9.16	9.61	8.42	9.21	8.14	9.37	11.35
Dividend Yield	2.37%	1.52%	1.67%	1.53%	1.41%	1.38%	1.75%	1.67%	1.99%	1.76%	1.52%
Earnings Yield	17.42%	10.87%	12.75%	11.78%	10.91%	10.41%	11.87%	10.86%	12.28%	10.68%	8.81%
Enterprise Value to Invested Capital (EV/IC)	0.80	1.15	0.95	1.19	1.15	1.25	1.09	1.03	0.93	0.88	1.23
Enterprise Value to Revenue (EV/Rev)	2.39	3.52	2.43	2.83	2.79	4.04	2.80	2.70	2.47	2.30	3.12
Enterprise Value to EBITDA (EV/EBITDA)	5.32	7.81	5.10	5.86	5.71	8.45	6.06	5.92	5.59	5.15	7.28
Enterprise Value to EBIT (EV/EBIT)	5.63	8.21	5.36	6.11	5.94	8.77	6.22	6.06	5.66	5.40	7.72
Enterprise Value to NOPAT (EV/NOPAT)	7.57	11.64	7.68	8.69	8.39	11.99	8.46	8.28	7.75	7.24	10.29
Enterprise Value to Operating Cash Flow (EV/OCF)	4.40	8.74	6.34	7.52	7.96	10.29	6.94	6.91	6.21	5.57	6.80
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.81	10.28	4.13	4.65	0.00	15.98	0.00	44.00	2.88	32.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.52	0.23	0.12	0.10	0.44	0.09	0.10	0.10	0.09	0.09
Long-Term Debt to Equity	0.14	0.00	0.11	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.44	0.88	0.31	0.32	0.30	0.48	0.15	0.11	0.10	0.26	0.09
Leverage Ratio	15.26	14.45	14.06	13.66	13.12	12.55	12.14	12.05	11.60	11.40	11.31
Compound Leverage Factor	15.26	14.45	14.06	13.66	13.12	12.55	12.14	12.05	11.60	11.40	11.31
Debt to Total Capital	35.81%	34.25%	18.46%	10.68%	8.93%	30.76%	8.65%	9.10%	8.87%	8.05%	7.93%
Short-Term Debt to Total Capital	27.02%	34.25%	9.14%	1.26%	8.93%	30.76%	8.65%	9.10%	8.87%	8.05%	7.93%
Long-Term Debt to Total Capital	8.79%	0.00%	9.33%	9.42%	0.00%	0.00%	0.00%	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	0.02%	0.01%	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.17%	65.73%	81.52%	89.30%	91.06%	69.24%	91.35%	90.90%	91.13%	91.95%	92.07%
Debt to EBITDA	2.38	2.33	0.99	0.53	0.44	2.08	0.48	0.52	0.53	0.47	0.47
Net Debt to EBITDA	1.28	1.63	-0.11	0.13	-0.53	1.68	0.03	-0.66	-0.28	-1.51	-0.74
Long-Term Debt to EBITDA	0.58	0.00	0.50	0.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	3.39	3.47	1.49	0.78	0.65	2.95	0.67	0.73	0.74	0.67	0.66
Net Debt to NOPAT	1.83	2.44	-0.17	0.19	-0.77	2.38	0.04	-0.92	-0.39	-2.12	-1.05
Long-Term Debt to NOPAT	0.83	0.00	0.75	0.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.03%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-188	299	3.50	136	112	-107	-24	-80	-57	185	-46
Operating Cash Flow to CapEx	10,583.51%	5,936.82%	15,102.42%	11,435.92%	6,116.07%	3,930.35%	1,951.74%	0.00%	3,310.90%	0.00%	933.97%
Free Cash Flow to Firm to Interest Expense	-6.85	10.43	0.12	4.56	3.66	-3.64	-0.80	-2.57	-1.74	6.16	-1.59
Operating Cash Flow to Interest Expense	1.45	0.53	1.08	0.94	1.17	0.98	1.14	0.80	1.19	1.24	1.95
Operating Cash Flow Less CapEx to Interest Expense	1.43	0.53	1.07	0.93	1.15	0.96	1.08	0.82	1.16	1.27	1.74
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	30.10	32.91	36.20	39.14	42.38	44.48	43.38	41.09	51.08	59.38	39.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	851	890	757	723	767	1,022	806	829	851	864	877
Invested Capital Turnover	0.38	0.28	0.40	0.39	0.39	0.33	0.40	0.41	0.40	0.35	0.41
Increase / (Decrease) in Invested Capital	211	-276	24	-109	-84	132	49	106	84	-158	71
Enterprise Value (EV)	682	1,024	721	860	878	1,276	882	857	793	757	1,077
Market Capitalization	517	809	736	840	959	1,023	878	952	833	978	1,187
Book Value per Share	$17.93	$19.26	$20.22	$21.16	$22.78	$23.07	$23.98	$24.65	$25.76	$26.54	$27.07
Tangible Book Value per Share	$17.43	$18.76	$19.73	$20.68	$22.31	$22.60	$23.52	$24.19	$25.29	$26.08	$26.61
Total Capital	851	890	757	723	767	1,022	806	829	851	864	877
Total Debt	305	305	140	77	68	314	70	75	75	70	70
Total Long-Term Debt	75	0.00	71	68	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	165	214	-15	19	-81	254	3.96	-96	-40	-222	-110
Capital Expenditures (CapEx)	0.38	0.26	0.21	0.25	0.59	0.74	1.75	-0.71	1.19	-0.86	6.08
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)	305	305	140	77	68	314	70	75	75	70	70
Total Depreciation and Amortization (D&A)	1.87	1.30	2.20	0.64	1.93	0.66	0.41	0.49	0.25	5.65	2.10
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.73	$0.75	$0.89	$0.88	$0.91	$0.80	$0.82	$0.85	$0.89	$0.88	$0.85
Adjusted Weighted Average Basic Shares Outstanding	30.39M	30.51M	30.52M	30.64M	30.67M	30.69M	30.59M	30.11M	29.94M	29.83M	29.87M
Adjusted Diluted Earnings per Share	$0.73	$0.74	$0.89	$0.87	$0.90	$0.78	$0.81	$0.84	$0.88	$0.88	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	30.39M	30.51M	30.52M	30.64M	30.67M	30.69M	30.59M	30.11M	29.94M	29.83M	29.87M
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	30.39M	30.51M	30.52M	30.64M	30.67M	30.69M	30.59M	30.11M	29.94M	29.83M	29.87M
Normalized Net Operating Profit after Tax (NOPAT)	22	23	27	27	28	24	25	26	27	27	25
Normalized NOPAT Margin	31.64%	29.57%	34.82%	34.10%	34.48%	31.44%	32.51%	32.11%	31.29%	31.27%	26.99%
Pre Tax Income Margin	44.19%	45.90%	49.22%	45.60%	47.17%	42.44%	45.12%	43.81%	42.86%	39.05%	36.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.13	1.23	1.33	1.20	1.25	1.12	1.15	1.14	1.11	1.11	1.17
NOPAT to Interest Expense	0.81	0.79	0.94	0.90	0.91	0.83	0.83	0.83	0.81	0.89	0.87
EBIT Less CapEx to Interest Expense	1.12	1.22	1.33	1.19	1.23	1.10	1.10	1.16	1.07	1.14	0.96
NOPAT Less CapEx to Interest Expense	0.80	0.78	0.94	0.89	0.89	0.81	0.77	0.86	0.77	0.92	0.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.84%	14.02%	13.17%	13.10%	13.00%	13.37%	14.78%	15.61%	16.32%	16.47%	17.38%
Augmented Payout Ratio	23.46%	24.87%	21.24%	19.08%	16.38%	16.53%	22.63%	32.27%	43.22%	50.14%	50.40%

Financials Breakdown Chart

Key Financial Trends

Amalgamated Financial (NASDAQ: AMAL) delivered a solid start to 2026, with strong profitability and continued balance sheet growth, but the quarter also showed some pressure points in cash generation and capital deployment.

For Q1 2026, AMAL reported net income of $25.2 million, up from $26.6 million in Q4 2025 and slightly below the very strong $26.8 million posted in Q3 2025. Earnings per share came in at $0.85 on a basic basis, versus $0.88 in Q4 2025 and $0.89 in Q3 2025. The company remains consistently profitable, but quarterly earnings have flattened somewhat after a strong 2025 run.

Revenue trends were mixed. Total revenue was $93.4 million, up from $85.2 million in Q4 2025 and $85.6 million in Q3 2025. That improvement was driven by a rebound in non-interest income, which rose to $13.3 million from $7.3 million in the prior quarter. Net interest income also improved to $80.2 million from $77.9 million, helped by a wider spread between interest income and interest expense.

Credit costs were a notable factor. AMAL recorded a provision for credit losses of $13.5 million, more than double the $5.5 million provision in Q4 2025 and well above the $5.3 million level in Q3 2025. That suggests the bank is still maintaining a cautious stance on loan quality, even as its loan book expands.

On the balance sheet, the company continued to grow. Total assets increased to $9.17 billion from $8.68 billion in Q3 2025 and $8.62 billion in Q2 2025. Net loans and leases rose to $4.97 billion from $4.73 billion in Q3 2025, while total equity increased to $807.6 million from $775.6 million. That points to steady expansion and a still-reasonable capital base.

Deposits also improved meaningfully. Non-interest-bearing deposits were $8.18 billion, up from $7.77 billion in Q3 2025, and the cash flow statement showed net deposit growth of $228.8 million. For a bank, deposit growth is an encouraging sign because it supports lending and helps fund operations at a lower cost.

Cash flow was more uneven. AMAL generated $56.8 million in operating cash flow, a solid result, but it reported a negative $111.5 million net change in cash and equivalents due to heavy investing activity. The company purchased $469.5 million of investment securities while selling or maturing $166.2 million, leaving investing cash flow at negative $387.4 million.

Financing activity helped offset some of that pressure. AMAL saw $219.1 million of net cash from financing activities, driven mainly by deposit growth, partially offset by dividend payments and share repurchases. The company also continued to return capital to shareholders, paying $5.3 million in dividends and repurchasing $5.2 million of stock during the quarter.

Looking at the longer trend, AMAL has shown steady year-over-year earnings power and a gradual expansion in assets and equity since early 2023. However, the company’s quarterly results can be lumpy because of investment portfolio changes, deposit swings, and credit-loss provisioning.

Strong profitability: Q1 2026 net income of $25.2 million shows AMAL is still producing healthy earnings.
Revenue improved sequentially: Total revenue rose to $93.4 million from $85.2 million in Q4 2025.
Deposit growth was solid: Net deposits increased by $228.8 million in the quarter.
Balance sheet expanded: Total assets reached $9.17 billion, with net loans up to $4.97 billion.
Equity improved: Total equity rose to $807.6 million, supporting capital strength.
Non-interest income rebounded: Fee and other non-interest income improved sharply from the prior quarter.
Share count was stable: Diluted shares were essentially flat quarter over quarter.
Credit loss provision jumped: Provision expense rose to $13.5 million, signaling a more cautious outlook on loan quality.
Cash declined: Net change in cash and equivalents was negative $111.5 million.
Investment purchases were heavy: Large securities purchases drove a big negative investing cash flow figure.

Bottom line: AMAL continues to look like a profitable, deposit-supported regional bank with a growing balance sheet. The main watch items are the higher provision for credit losses and the quarter’s cash outflow from investment activity. If credit costs stay contained, the company appears to have a solid foundation for continued earnings.

06/15/26 09:53 PM ETAI Generated. May Contain Errors.

Amalgamated Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Amalgamated Financial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Amalgamated Financial's net income appears to be on an upward trend, with a most recent value of $104.45 million in 2025, rising from $44.65 million in 2018. The previous period was $106.43 million in 2024. Find out what analysts predict for Amalgamated Financial in the coming months.

Over the last 7 years, Amalgamated Financial's total revenue changed from $178.06 million in 2018 to $328.72 million in 2025, a change of 84.6%.

Amalgamated Financial's total liabilities were at $8.08 billion at the end of 2025, a 7.0% increase from 2024, and a 67.0% increase since 2019.

In the past 6 years, Amalgamated Financial's cash and equivalents has ranged from $2.86 million in 2023 to $8.62 million in 2021, and is currently $4.50 million as of their latest financial filing in 2025.

Over the last 7 years, Amalgamated Financial's book value per share changed from 0.00 in 2018 to 26.54 in 2025, a change of 2,653.9%.

Related Companies

Financial statements for NASDAQ:AMAL last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Amalgamated Financial (AMAL) Financials

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Amalgamated Financial (AMAL) Financials

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