Amalgamated Financial Corp. (AMAL)

Amalgamated Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	236.91	215.38	191.3	145.65	123.32	141.98
Interest Income on Investments	180.05	185.92	166.78	112.84	57.21	48.51
Total Interest Income	416.96	401.3	358.08	258.49	180.53	190.5
Interest Paid on Deposits	120.68	113.46	81.12	11.06	5.82	10.45
Interest Paid on Borrowings	3.26	5.41	15.64	7.59	0.4	0.03
Total Interest Expense	123.93	118.87	96.77	18.65	6.22	10.48
Net Interest Income	293.03	282.43	261.31	239.84	174.3	180.02
Net Interest Income Growth (YoY)	5.92%	8.08%	8.95%	37.60%	-3.17%	8.03%
Trust Income	16.01	15.19	15.18	14.45	13.35	15.22
Gain (Loss) on Sale of Investments	-3.95	-9.7	-7.39	-3.64	0.65	1.6
Gain (Loss) on Sale of Equity Investments	-2.39	-0.83	4.93	-2.77	0.15	7.41
Other Non-Interest Income	4.95	3.48	4.19	5.04	3.4	5.13
Total Non-Interest Income	28.36	32.12	27.94	23.3	28.39	40.6
Non-Interest Income Growth (YoY)	-22.80%	14.96%	19.91%	-17.94%	-30.08%	39.05%
Revenues Before Loan Losses	321.39	314.55	289.25	263.14	202.69	220.62
Provision for Loan Losses	14.47	10.28	14.67	15	-0.29	24.79
Revenue	306.91	304.26	274.58	248.14	202.98	195.83
Revenue Growth (YoY)	1.28%	10.81%	10.66%	22.25%	3.65%	1.99%
Salaries and Employee Benefits	91.11	88.23	81.09	72.03	68.05	67.04
Occupancy Expenses	6.22	5.71	6.39	6.51	14.02	23.04
Federal Deposit Insurance	3.52	3.72	4.02	3.23	2.53	3.15
Amortization of Goodwill & Intangibles	0.61	0.73	0.89	1.05	1.21	1.37
Selling, General & Administrative	53.01	48.87	46.3	44.8	37.09	31.75
Other Non-Interest Expense	12.47	12.52	12.57	12.96	9.36	7.54
Total Non-Interest Expense	166.94	159.77	151.25	140.57	132.26	133.89
EBT Excluding Unusual Items	139.97	144.49	123.33	107.56	70.73	61.94
Other Unusual Items	-0.03	1.1	1.4	0.6	-	-
Pretax Income	139.94	145.59	124.73	108.16	70.73	61.94
Income Tax Expense	37.64	39.16	36.75	26.69	17.79	15.76
Net Income	102.3	106.43	87.98	81.48	52.94	46.19
Preferred Dividends & Other Adjustments	-	-	-	0.02	0.02	0.02
Net Income to Common	102.3	106.43	87.98	81.46	52.92	46.17
Net Income Growth	-2.24%	20.98%	7.98%	53.91%	14.61%	-2.15%
Basic Shares Outstanding	31	31	31	31	31	31
Diluted Shares Outstanding	31	31	31	31	32	31
Shares Change (YoY)	-0.10%	0.49%	-1.31%	-1.01%	0.91%	-3.03%
EPS (Basic)	3.35	3.48	2.88	2.64	1.70	1.48
EPS (Diluted)	3.32	3.44	2.86	2.61	1.68	1.48
EPS Growth	-2.05%	20.28%	9.58%	55.36%	13.51%	0.68%
Dividend Per Share	0.560	0.480	0.400	0.360	0.320	0.320
Dividend Growth	27.27%	20.00%	11.11%	12.50%	-	23.08%
Effective Tax Rate	26.90%	26.89%	29.47%	24.67%	25.15%	25.44%

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q