Amalgamated Financial Corp
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 7, 2024
AMAL$50.53+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1B.
| Consolidated Statements of Comprehensive Income(Dollars in thousands) | |||||
|---|---|---|---|---|---|
| Year Ended December 31, | |||||
| 2023 · 2022 · 2021 | |||||
| Net income | $87,978 | $81,477 | $52,937 | ||
| Other comprehensive income (loss), net of taxes: | |||||
| Change in total obligation for postretirement benefits, prior service credit, and other benefits | 243 | 635 | (63) | ||
| Net unrealized gains (losses) on securities: | |||||
| Unrealized holding gains (losses) on securities available for sale | 22,183 | (163,001) | (15,438) | ||
| Reclassification adjustment for losses (gains) realized in income | 7,392 | 3,621 | (654) | ||
| Accretion of net unrealized loss on securities transferred to held-to-maturity | 1,895 | 1,255 | — | ||
| Net unrealized gains (losses) on securities | 31,470 | (158,125) | (16,092) | ||
| Other comprehensive income (loss), before tax | 31,713 | (157,490) | (16,155) | ||
| Income tax benefit (expense) | (9,010) | 43,374 | 4,388 | ||
| Total other comprehensive income (loss), net of taxes | 22,703 | (114,116) | (11,767) | ||
| Total comprehensive income (loss), net of taxes | $110,681 | $(32,639) | $41,170 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.