Amalgamated Financial Corp.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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.
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 1.
| Consolidated Statements of Financial Condition(Dollars in thousands except for per share amounts) | ||
|---|---|---|
| December 31,2025 | December 31,2024 | |
| Assets | ||
| Cash and due from banks | $4,501 | $4,042 |
| Interest-bearing deposits in banks | 286,716 | 56,707 |
| Total cash and cash equivalents | 291,217 | 60,749 |
| Securities: | ||
| Available for sale, at fair value: | ||
| Traditional securities | 1,580,049 | 1,477,047 |
| Property Assessed Clean Energy ("PACE") assessments | 203,502 | 152,011 |
| 1,783,551 | 1,629,058 | |
| Held-to-maturity, at amortized cost: | ||
| Traditional securities, net of allowance for credit losses of $41 and $49, respectively | 476,950 | 542,246 |
| PACE assessments, net of allowance for credit losses of $703 and $655, respectively | 1,077,065 | 1,043,959 |
| 1,554,015 | 1,586,205 | |
| Loans held for sale | 2,814 | 37,593 |
| Loans receivable, net of deferred loan origination fees and costs | 4,957,273 | 4,672,924 |
| Allowance for credit losses | (57,586) | (60,086) |
| Loans receivable, net | 4,899,687 | 4,612,838 |
| Resell agreements | 48,662 | 23,741 |
| Federal Home Loan Bank of New York ("FHLBNY") stock, at cost | 5,009 | 15,693 |
| Accrued interest receivable | 65,128 | 61,172 |
| Premises and equipment, net | 4,685 | 6,386 |
| Bank-owned life insurance | 108,941 | 108,026 |
| Right-of-use lease asset | 9,602 | 14,231 |
| Deferred tax asset, net | 30,750 | 42,437 |
| Goodwill | 12,936 | 12,936 |
| Intangible assets, net | 913 | 1,487 |
| Equity method investments | 7,979 | 8,482 |
| Other assets | 43,947 | 35,858 |
| Total assets | $8,869,836 | $8,256,892 |
| Liabilities | ||
| Deposits | $7,949,241 | $7,180,605 |
| Borrowings | 69,547 | 314,409 |
| Operating leases | 12,255 | 19,734 |
| Other liabilities | 44,329 | 34,490 |
| Total liabilities | 8,075,372 | 7,549,238 |
| Stockholders’ equity | ||
| Common stock, par value $0.01 per share (70,000,000 shares authorized; 31,045,377 and 30,809,484 shares issued, respectively, and 29,818,424 and 30,670,982 shares outstanding, respectively) | 312 | 308 |
| Additional paid-in capital | 294,134 | 288,656 |
| Retained earnings | 567,269 | 480,144 |
| Accumulated other comprehensive loss, net of income taxes | (32,088) | (58,637) |
| Treasury stock, at cost (1,226,953 and 138,502 shares, respectively) | (35,163) | (2,817) |
| Total stockholders' equity | 794,464 | 707,654 |
| Total liabilities and stockholders’ equity | $8,869,836 | $8,256,892 |
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