Amalgamated Financial Corp
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
AMAL$50.53+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1B.
| Consolidated Statements of Comprehensive Income (Loss)(Dollars in thousands) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Net income | $106,434 | $87,978 | $81,477 |
| Other comprehensive income (loss), net of taxes: | |||
| Change in total obligation for postretirement benefits, prior service credit, and other benefits | 172 | 243 | 635 |
| Net unrealized gains (losses) on securities: | |||
| Unrealized holding gains (losses) on securities available for sale | 25,415 | 22,183 | (163,001) |
| Reclassification adjustment for losses realized in income | 9,698 | 7,392 | 3,621 |
| Accretion of net unrealized loss on securities transferred to held-to-maturity | 2,232 | 1,895 | 1,255 |
| Net unrealized gains (losses) on securities | 37,345 | 31,470 | (158,125) |
| Net unrealized gains (losses) on cash flow hedges: | |||
| Unrealized holding gains on cash flow hedges | 514 | — | — |
| Reclassification adjustment for losses realized in income | 130 | — | — |
| Net unrealized gains on cash flow hedges | 644 | — | — |
| Other comprehensive income (loss), before tax | 38,161 | 31,713 | (157,490) |
| Income tax benefit (expense) | (10,794) | (9,010) | 43,374 |
| Total other comprehensive income (loss), net of taxes | 27,367 | 22,703 | (114,116) |
| Total comprehensive income (loss), net of taxes | $133,801 | $110,681 | $(32,639) |
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