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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	228.7	215.38	191.3	145.65	123.32	141.98
Interest Income on Investments	181.49	185.92	166.78	112.84	57.21	48.51
Total Interest Income	410.19	401.3	358.08	258.49	180.53	190.5
Interest Paid on Deposits	118.2	113.46	81.12	11.06	5.82	10.45
Interest Paid on Borrowings	3.31	5.41	15.64	7.59	0.4	0.03
Total Interest Expense	121.5	118.87	96.77	18.65	6.22	10.48
Net Interest Income	288.69	282.43	261.31	239.84	174.3	180.02
Net Interest Income Growth (YoY)	7.61%	8.08%	8.95%	37.60%	-3.17%	8.03%
Trust Income	15.74	15.19	15.18	14.45	13.35	15.22
Gain (Loss) on Sale of Investments	-5.95	-9.7	-7.39	-3.64	0.65	1.6
Gain (Loss) on Sale of Equity Investments	-3.81	-0.83	4.93	-2.77	0.15	7.41
Other Non-Interest Income	3.8	3.48	4.19	5.04	3.4	5.13
Total Non-Interest Income	27.06	32.12	27.94	23.3	28.39	40.6
Non-Interest Income Growth (YoY)	-21.05%	14.96%	19.91%	-17.94%	-30.08%	39.05%
Revenues Before Loan Losses	315.75	314.55	289.25	263.14	202.69	220.62
Provision for Loan Losses	11.02	10.28	14.67	15	-0.29	24.79
Revenue	304.72	304.26	274.58	248.14	202.98	195.83
Revenue Growth (YoY)	4.35%	10.81%	10.66%	22.25%	3.65%	1.99%
Salaries and Employee Benefits	89.47	88.23	81.09	72.03	68.05	67.04
Occupancy Expenses	6.19	5.71	6.39	6.51	14.02	23.04
Federal Deposit Insurance	3.42	3.72	4.02	3.23	2.53	3.15
Amortization of Goodwill & Intangibles	0.65	0.73	0.89	1.05	1.21	1.37
Selling, General & Administrative	51.9	48.87	46.3	44.8	37.09	31.75
Other Non-Interest Expense	12.72	12.52	12.57	12.96	9.36	7.54
Total Non-Interest Expense	164.34	159.77	151.25	140.57	132.26	133.89
EBT Excluding Unusual Items	140.38	144.49	123.33	107.56	70.73	61.94
Other Unusual Items	1.1	1.1	1.4	0.6	-	-
Pretax Income	141.48	145.59	124.73	108.16	70.73	61.94
Income Tax Expense	38.03	39.16	36.75	26.69	17.79	15.76
Net Income	103.45	106.43	87.98	81.48	52.94	46.19
Preferred Dividends & Other Adjustments	-	-	-	0.02	0.02	0.02
Net Income to Common	103.45	106.43	87.98	81.46	52.92	46.17
Net Income Growth	4.49%	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)	0.64%	0.49%	-1.31%	-1.01%	0.91%	-3.03%
EPS (Basic)	3.38	3.48	2.88	2.64	1.70	1.48
EPS (Diluted)	3.34	3.44	2.86	2.61	1.68	1.48
EPS Growth	3.72%	20.28%	9.58%	55.36%	13.51%	0.68%
Dividend Per Share	0.260	0.480	0.400	0.360	0.320	0.320
Dividend Growth	-38.09%	20.00%	11.11%	12.50%	-	23.08%
Effective Tax Rate	26.88%	26.89%	29.47%	24.67%	25.15%	25.44%

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q