Amalgamated Financial Corp
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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.
FY2024 · Filed Mar 6, 2025
AMAL$49.56+0.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2.
Consolidated Statements of Changes in Stockholders’ Equity(Dollars in thousands)
| Number of Shares of Common Stock | CommonStock | AdditionalPaid-inCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | Treasury Stock, at cost | Total Stockholder's Equity | NoncontrollingInterest | TotalEquity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance at January 1, 2022 | 31,130,143 | $311 | $297,975 | $260,047 | $5,409 | $— | $563,742 | $133 | $563,875 |
| Net income | — | — | — | 81,477 | — | — | 81,477 | — | 81,477 |
| Dividend declared on AREMCO class B shares | — | — | — | (22) | — | — | (22) | — | (22) |
| Common stock issued under Employee Stock Purchase Plan | 31,765 | — | 665 | — | — | — | 665 | — | 665 |
| Dividends on common stock, net | — | — | — | (11,227) | — | — | (11,227) | — | (11,227) |
| Repurchase of shares | (669,176) | (7) | (12,471) | — | — | — | (12,478) | — | (12,478) |
| Exercise of stock options, net of repurchases | 92,244 | 1 | (898) | — | — | — | (897) | — | (897) |
| Restricted stock unit vesting, net of repurchases | 115,222 | 2 | (1,006) | — | — | — | (1,004) | — | (1,004) |
| Stock-based compensation expense | — | — | 2,682 | — | — | — | 2,682 | — | 2,682 |
| Other comprehensive loss, net of taxes | — | — | — | — | (114,116) | — | (114,116) | — | (114,116) |
| Balance at December 31, 2022 | 30,700,198 | 307 | 286,947 | 330,275 | (108,707) | — | 508,822 | 133 | 508,955 |
| Cumulative effect of adoption of ASU No. 2016-13 | — | — | — | (17,825) | — | — | (17,825) | — | (17,825) |
| Balance at January 1, 2023 adjusted for change in accounting principle | 30,700,198 | 307 | 286,947 | 312,450 | (108,707) | — | 490,997 | 133 | 491,130 |
| Net income | — | — | — | 87,978 | — | — | 87,978 | — | 87,978 |
| Common stock issued under Employee Stock Purchase Plan | 43,387 | — | 25 | — | — | 779 | 804 | — | 804 |
| Dividends on common stock, net | — | — | — | (12,395) | — | — | (12,395) | — | (12,395) |
| Repurchase of shares | (474,689) | — | — | — | — | (8,315) | (8,315) | — | (8,315) |
| Exercise of stock options, net of repurchases | 28,739 | — | (474) | — | — | 383 | (91) | — | (91) |
| Restricted stock unit vesting, net of repurchases | 130,724 | — | (2,953) | — | — | 1,816 | (1,137) | — | (1,137) |
| Stock-based compensation expense | — | — | 4,687 | — | — | — | 4,687 | — | 4,687 |
| Other comprehensive income, net of taxes | — | — | — | — | 22,703 | — | 22,703 | — | 22,703 |
| Balance at December 31, 2023 | 30,428,359 | 307 | 288,232 | 388,033 | (86,004) | (5,337) | 585,231 | 133 | 585,364 |
| Net income | — | — | — | 106,434 | — | — | 106,434 | — | 106,434 |
| Common stock issued under Employee Stock Purchase Plan and Dividend Reinvestment Program | 28,138 | — | 605 | — | — | 184 | 789 | — | 789 |
| Dividends on common stock, net | — | — | — | (14,323) | — | — | (14,323) | — | (14,323) |
| Redemption of AREMCO class B shares | — | — | (19) | — | — | — | (19) | (133) | (152) |
| Repurchase of common stock | (35,222) | — | — | — | — | (1,130) | (1,130) | — | (1,130) |
| Exercise of stock options, net of repurchases | 107,110 | — | (1,772) | — | — | 1,215 | (557) | — | (557) |
| Restricted stock unit vesting, net of repurchases | 142,597 | 1 | (3,924) | — | — | 2,251 | (1,672) | — | (1,672) |
| Stock-based compensation expense | — | — | 5,534 | — | — | — | 5,534 | — | 5,534 |
| Other comprehensive income, net of taxes | — | — | — | — | 27,367 | — | 27,367 | — | 27,367 |
| Balance at December 31, 2024 | 30,670,982 | $308 | $288,656 | $480,144 | $(58,637) | $(2,817) | $707,654 | $— | $707,654 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.