Amalgamated Bank (AMAL) AI Stock Analysis

• Market Cap: $875.27M
• Dividend Yield: 1.87%
• Average Volume (3M): 186.00K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 1.00
• Revenue Growth: 6.94%
• EPS Growth: 3.96%
• Country: US
• Employees: 429
• Sector: Financial
• Sector Strength: 77
• Industry: Banks - Regional
• EPS (TTM): 0.88
• Shares Outstanding: 30,109,077
• 10 Day Avg. Volume: 180,756
• 30 Day Avg. Volume: 186,000
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 2.38
• Enterprise Value/Gross Profit: 3.37
• Enterprise Value/Ebitda: 7.20
• 1Y Price Target: $33.33
• Price Target Upside: 15.45% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: $34.00 ▲(17.77% Upside)

Amalgamated Bank's strong financial performance and attractive valuation are the primary drivers of its overall score. While technical indicators suggest some caution, the bank's robust earnings and strategic growth initiatives provide a solid foundation for future performance.

Amalgamated Bank Business Overview & Revenue Model

Company Description

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; and retail loans, such as residential real estate, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit and ATM cards; and trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products, such as equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. The company operates through its three branch offices across New York City, one branch office in Washington, D.C., one branch office in San Francisco, one commercial office in Boston, and digital banking platform. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.

How the Company Makes Money

Amalgamated Bank generates revenue through several key streams. The primary source of income comes from interest earned on loans provided to customers, including personal, commercial, and mortgage loans. Additionally, the bank earns fees from various services such as account maintenance, transaction processing, and wealth management. The bank also benefits from investments in securities and other financial products. Partnerships with community organizations and participation in initiatives that promote social responsibility may further enhance its reputation and customer base, indirectly contributing to revenue growth. Overall, the combination of interest income, service fees, and investment income solidifies Amalgamated Bank's financial performance.

Amalgamated Bank Financial Statement Overview

Summary

Amalgamated Bank exhibits strong financial health across income, balance sheet, and cash flow statements. The bank's consistent revenue growth and impressive profitability metrics highlight its operational efficiency. Conservative debt levels and a solid return on equity further reinforce the bank's stable financial position. Effective cash generation and management ensure robust liquidity.

Income Statement

Amalgamated Bank demonstrates strong financial performance with consistent revenue growth and improving profitability metrics. The TTM (Trailing-Twelve-Months) Gross Profit Margin is robust at 70.6%, and the Net Profit Margin stands at an impressive 23.7%. Revenue growth is solid, with TTM revenue increasing by 1% from the previous annual period. EBIT and EBITDA margins are also healthy at 32.2% and 33.1%, respectively, indicating efficient operations. The income statement reflects a stable and profitable growth trajectory.

Balance Sheet

The balance sheet is sound, with a manageable Debt-to-Equity Ratio of 0.12, reflecting conservative leverage levels and financial stability. Return on Equity (ROE) is strong at 14.2%, showcasing effective utilization of equity. The Equity Ratio of 8.9% indicates a reliance on liabilities, but it remains within industry norms. Overall, the balance sheet portrays a stable financial position with controlled risk exposure.

Cash Flow

Cash flow performance is solid, characterized by a strong Free Cash Flow growth of 1.1% over the previous annual period. The Operating Cash Flow to Net Income Ratio stands at 1.22, suggesting effective cash conversion. Additionally, the Free Cash Flow to Net Income Ratio of 1.19 underscores Amalgamated Bank's ability to generate cash relative to net income. The cash flow statement reflects strong liquidity and effective cash management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	435.34M	382.48M	285.16M	208.76M	223.69M
Gross Profit	306.19M	271.05M	251.51M	202.54M	188.42M
EBITDA	151.02M	131.13M	118.51M	75.57M	69.51M
Net Income	106.43M	87.98M	81.48M	52.94M	46.19M
Balance Sheet
Total Assets	8.26B	7.97B	7.84B	7.08B	5.98B
Cash, Cash Equivalents and Short-Term Investments	1.69B	1.57B	1.88B	2.44B	1.58B
Total Debt	334.14M	335.57M	698.49M	131.99M	53.17M
Total Liabilities	7.55B	7.39B	7.33B	6.51B	5.44B
Stockholders Equity	707.65M	585.23M	508.82M	563.74M	535.69M
Cash Flow
Free Cash Flow	122.29M	115.75M	145.65M	68.14M	64.16M
Operating Cash Flow	124.06M	117.22M	147.32M	70.54M	65.77M
Investing Cash Flow	-315.95M	-134.41M	-1.20B	-865.41M	-755.14M
Financing Cash Flow	162.06M	44.21M	788.22M	1.09B	605.60M

Amalgamated Bank Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 28.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMAL, the sentiment is Negative. The current price of 28.87 is below the 20-day moving average (MA) of 28.97, below the 50-day MA of 30.30, and below the 200-day MA of 31.20, indicating a bearish trend. The MACD of -0.25 indicates Negative momentum. The RSI at 46.46 is Neutral, neither overbought nor oversold. The STOCH value of 36.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMAL.

Amalgamated Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTBI	79 Outperform	$1.07B	11.58	11.99%	3.20%	10.85%	17.66%
AMAL	76 Outperform	$875.27M	8.68	14.78%	1.87%	6.94%	3.96%
UVSP	74 Outperform	$919.46M	11.52	9.02%	2.76%	5.94%	12.97%
SBSI	74 Outperform	$943.91M	10.99	10.65%	4.59%	3.54%	4.47%
TMP	72 Outperform	$1.02B	12.76	11.06%	3.55%	31.82%	460.57%
CNOB	72 Outperform	$1.28B	29.20	2.75%	2.81%	3.58%	-52.78%
Sector *	68 Neutral	$18.06B	11.97	10.24%	3.74%	9.75%	1.30%

Amalgamated Bank Corporate Events

Amalgamated Bank Reports Strong Q2 2025 Results

Amalgamated Financial Corp. reported its financial results for the second quarter of 2025, highlighting a net income of $26.0 million and a stable net interest margin of 3.55%. The company saw significant growth in deposits, particularly political deposits, and a slight increase in net loans receivable. Despite an increase in provision for credit losses, the company maintained strong capital ratios and continued its share repurchase program. The results reflect the company’s flexible banking model, which supports reliability and predictability for stakeholders.

Amalgamated Bank Declares Quarterly Dividend Announcement

On July 22, 2025, Amalgamated Financial Corp. announced that its Board of Directors declared a quarterly dividend of $0.14 per share, payable on August 21, 2025, to shareholders of record on August 5, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment positively, reinforcing its stable financial position within the banking industry.

Amalgamated Bank Expands Board with Two New Appointments

On July 1, 2025, Amalgamated Financial Corp. announced the expansion of its Board of Directors from eleven to thirteen members, appointing Steven SaLoutos and Royce Anthony Wells to fill the new positions. Both bring decades of experience in banking and other regulated industries, with SaLoutos serving as CFO of ProSight Financial Association and Wells as a Venture Partner at AZ-VC. Their appointments are expected to enhance the board’s strategic capabilities and align with Amalgamated’s focus on profitability and social impact. The new directors will receive compensation in the form of restricted stock units, which vest after one year.