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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	221.27	215.38	191.3	145.65	123.32	141.98
Interest Income on Investments	183.78	185.92	166.78	112.84	57.21	48.51
Total Interest Income	405.05	401.3	358.08	258.49	180.53	190.5
Interest Paid on Deposits	116.49	113.46	81.12	11.06	5.82	10.45
Interest Paid on Borrowings	3.6	5.41	15.64	7.59	0.4	0.03
Total Interest Expense	120.08	118.87	96.77	18.65	6.22	10.48
Net Interest Income	284.97	282.43	261.31	239.84	174.3	180.02
Net Interest Income Growth (YoY)	8.74%	8.08%	8.95%	37.60%	-3.17%	8.03%
Trust Income	15.52	15.19	15.18	14.45	13.35	15.22
Gain (Loss) on Sale of Investments	-7.6	-9.7	-7.39	-3.64	0.65	1.6
Gain (Loss) on Sale of Equity Investments	-5.41	-0.83	4.93	-2.77	0.15	7.41
Other Non-Interest Income	3.72	3.48	4.19	5.04	3.4	5.13
Total Non-Interest Income	28.29	32.12	27.94	23.3	28.39	40.6
Non-Interest Income Growth (YoY)	-14.16%	14.96%	19.91%	-17.94%	-30.08%	39.05%
Revenues Before Loan Losses	313.26	314.55	289.25	263.14	202.69	220.62
Provision for Loan Losses	9.29	10.28	14.67	15	-0.29	24.79
Revenue	303.97	304.26	274.58	248.14	202.98	195.83
Revenue Growth (YoY)	7.13%	10.81%	10.66%	22.25%	3.65%	1.99%
Salaries and Employee Benefits	88.92	88.23	81.09	72.03	68.05	67.04
Occupancy Expenses	5.88	5.71	6.39	6.51	14.02	23.04
Federal Deposit Insurance	3.57	3.72	4.02	3.23	2.53	3.15
Amortization of Goodwill & Intangibles	0.69	0.73	0.89	1.05	1.21	1.37
Selling, General & Administrative	51.59	48.87	46.3	44.8	37.09	31.75
Other Non-Interest Expense	12.63	12.52	12.57	12.96	9.36	7.54
Total Non-Interest Expense	163.27	159.77	151.25	140.57	132.26	133.89
EBT Excluding Unusual Items	140.7	144.49	123.33	107.56	70.73	61.94
Other Unusual Items	1.1	1.1	1.4	0.6	-	-
Pretax Income	141.8	145.59	124.73	108.16	70.73	61.94
Income Tax Expense	37.59	39.16	36.75	26.69	17.79	15.76
Net Income	104.21	106.43	87.98	81.48	52.94	46.19
Preferred Dividends & Other Adjustments	-	-	-	0.02	0.02	0.02
Net Income to Common	104.21	106.43	87.98	81.46	52.92	46.17
Net Income Growth	11.00%	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)	0.83%	0.49%	-1.31%	-1.01%	0.91%	-3.03%
EPS (Basic)	3.40	3.48	2.88	2.64	1.70	1.48
EPS (Diluted)	3.36	3.44	2.86	2.61	1.68	1.48
EPS Growth	9.81%	20.28%	9.58%	55.36%	13.51%	0.68%
Dividend Per Share	0.520	0.480	0.400	0.360	0.320	0.320
Dividend Growth	30.00%	20.00%	11.11%	12.50%	-	23.08%
Effective Tax Rate	26.51%	26.89%	29.47%	24.67%	25.15%	25.44%

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

SEC Filings: 10-K · 10-Q