Amalgamated Financial Corp.AMAL

NasdaqFinanceState Commercial Banks
Price (close)
$47.58
Market cap
$1.4B
P/E
12.5x
Revenue (TTM)
$362.6M
Net income
$113.4M
Dividend yield
1.37%
1-year total return
76.5%
Net margin
31.3%
Revenue growth
14.4%
Debt / equity
—

What Amalgamated Financial Corp. does.

Amalgamated Financial Corp., a Delaware public benefit corporation ("we" or the "Company"), was formed on August 25, 2020 to serve as the holding company for Amalgamated Bank (the "Bank") and is a bank holding company registered with the Board of Governors of the Federal Reserve under the Bank Holding Company Act of 1956, as amended. On March 1, 2021 (the “Effective Date”), the Company acquired all of the outstanding stock of Amalgamated Bank, a New York state-chartered commercial bank in a statutory share exchange transaction (the “Reorganization”) effected under New York law and in accordance with the terms of a Plan of Acquisition dated September 4, 2020. Pursuant to the Reorganization, the Bank became the sole subsidiary of the Company, the Company became the holding company for the Bank and the stockholders of the Bank became stockholders of the Company.

The Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country’s oldest labor unions. Although we are no longer majority union-owned, the Amalgamated Clothing Workers of America’s successor, Workers United, an affiliate of the Service Employees International Union that represents workers in the textile, distribution, food service and gaming industries, remains a significant stockholder, holding approximately 38% of our equity as of December 31, 2025.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$220.6M$202.7M$263.7M$290.6M$315.6M$328.7M
Net income$46.2M$52.9M$81.5M$88.0M$106.4M$104.4M
Free cash flow$64.2M$68.1M$145.7M$115.7M$122.3M$134.4M

More on AMAL.

Figures from Amalgamated Financial Corp.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.