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Amalgamated Financial Corp.

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 4, 2025

AMAL$50.20-0.7%Stored close · as of Nov 10, 2026

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ITEM 1A. Risk Factors

Investing in shares of our common stock involves certain risks, including those identified and described in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on March 7, 2025, as well as cautionary statements contained in this report, including those under the caption “Cautionary Note Regarding Forward-Looking Statements,” risks and matters described elsewhere in this report and in our other filings with the SEC.

There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

The following table contains information regarding purchases of our common stock during the three months ended September 30, 2025 by or on behalf of the Company or any “affiliate purchaser” as defined in Rule 10b-18(a)(3) under the Exchange Act:

Issuer Purchases of Equity Securities
Period (Settlement Date)Total number of shares purchased (1)Average price paid per share (3)Total number of shares purchased as part of publicly announced plans or programsApproximate dollar value that may yet be purchased under plans or programs (2)
July 1 through July 31, 2025257,353$30.71256,952$22,504,073
August 1 through August 31, 202596,44128.5889,652$19,951,550
September 1 through September 30, 2025———$19,951,550
Total353,794$29.33346,604

(1) Includes 7,190 shares withheld for taxes related to the exercise or vesting of options and stock awards, as well as 346,604 shares repurchased pursuant to the share repurchase program described in Note (2).

(2) Effective March 10, 2025, our Board of Directors authorized a new share repurchase program that allows the Company to repurchase up to $40 million of its common stock (the "2025 Share Repurchase Program"). The authorization did not require us to acquire any specified number of shares and can be suspended or discontinued without prior notice. Under the 2025 Share Repurchase Program, $20.0 million of common stock was purchased during the quarter ended September 30, 2025.

(3) Average price paid per share includes costs associated with the repurchases but excludes the 1% excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.