Amalgamated Financial Corp.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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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.
FY2025 · Filed Mar 5, 2026
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 1A.
| Consolidated Statements of Income(Dollars in thousands, except for per share amounts) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| INTEREST AND DIVIDEND INCOME | |||
| Loans | $240,616 | $215,380 | $191,295 |
| Securities | 176,272 | 177,247 | 161,003 |
| Interest-bearing deposits in banks | 5,341 | 8,669 | 5,779 |
| Total interest and dividend income | 422,229 | 401,296 | 358,077 |
| INTEREST EXPENSE | |||
| Deposits | 121,554 | 113,461 | 81,124 |
| Borrowed funds | 2,891 | 5,405 | 15,642 |
| Total interest expense | 124,445 | 118,866 | 96,766 |
| NET INTEREST INCOME | 297,784 | 282,430 | 261,311 |
| Provision for credit losses | 16,323 | 10,284 | 14,670 |
| Net interest income after provision for credit losses | 281,461 | 272,146 | 246,641 |
| NON-INTEREST INCOME | |||
| Trust Department fees | 16,181 | 15,186 | 15,175 |
| Service charges on deposit accounts | 17,502 | 32,178 | 10,999 |
| Bank-owned life insurance income | 3,124 | 2,498 | 2,882 |
| Losses on sale of securities and other assets, net | (3,431) | (9,698) | (7,392) |
| Gain (loss) on sale of loans and changes in fair value on loans held-for-sale, net | (2,720) | (8,197) | 32 |
| Equity method investments income (loss) | (1,733) | (831) | 4,932 |
| Other income | 2,017 | 2,079 | 2,708 |
| Total non-interest income | 30,940 | 33,215 | 29,336 |
| NON-INTEREST EXPENSE | |||
| Compensation and employee benefits | 98,555 | 93,766 | 85,774 |
| Occupancy and depreciation | 13,385 | 13,081 | 13,605 |
| Professional fees | 14,301 | 9,957 | 9,637 |
| Technology | 24,075 | 19,802 | 17,744 |
| Office maintenance and depreciation | 2,145 | 2,471 | 2,830 |
| Amortization of intangible assets | 574 | 730 | 888 |
| Advertising and promotion | 2,353 | 3,731 | 4,181 |
| Federal deposit insurance premiums | 3,775 | 3,715 | 4,018 |
| Other expense | 13,083 | 12,519 | 12,570 |
| Total non-interest expense | 172,246 | 159,772 | 151,247 |
| Income before income taxes | 140,155 | 145,589 | 124,730 |
| Income tax expense | 35,708 | 39,155 | 36,752 |
| Net income | $104,447 | $106,434 | $87,978 |
| Earnings per common share - basic | $3.44 | $3.48 | $2.88 |
| Earnings per common share - diluted | $3.41 | $3.44 | $2.86 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.