Amalgamated Bank (AMAL) AI Stock Analysis

• Market Cap: $987.00M
• Dividend Yield: 1.7%
• Average Volume (3M): 177.29K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.87
• Revenue Growth: 4.33%
• EPS Growth: -2.20%
• Country: US
• Employees: 429
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.91
• Shares Outstanding: 29,936,320
• 10 Day Avg. Volume: 197,430
• 30 Day Avg. Volume: 177,291
• PEG Ratio: 0.46
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 2.35
• P/FCF Ratio: 8.37
• Enterprise Value/Market Cap: 0.80
• Enterprise Value/Revenue: 1.77
• Enterprise Value/Gross Profit: 2.57
• Enterprise Value/Ebitda: 5.53
• 1Y Price Target: $28.00
• Price Target Upside: -15.07% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 3.5
• Revenue Forecast (FY): $329.30M

• Rating: 82 Outperform
• Price Target: $36.00 ▲(9.19% Upside)

Amalgamated Bank's stock is well-positioned with strong financial performance, robust technical indicators, and a positive earnings call. The low P/E ratio and reasonable dividend yield further enhance its attractiveness. While cash flow generation and rising expenses present challenges, the overall outlook remains positive.

Positive Factors

Revenue Growth

The significant revenue growth indicates robust business expansion and effective market penetration, supporting long-term profitability.

Credit Quality Improvement

Improved credit quality reduces risk exposure and enhances financial stability, supporting sustainable growth and profitability.

Renewable Lending Focus

Emphasizing renewable lending aligns with industry trends, potentially attracting environmentally conscious clients and driving long-term growth.

Negative Factors

Rising Noninterest Expense

Increased expenses, particularly in compensation and technology, could pressure margins and affect profitability if not managed effectively.

Elevated Net Charge-Offs

High charge-offs indicate potential credit risk, which could impact financial performance and necessitate more conservative lending practices.

Cash Flow Generation Challenges

Weak cash flow generation may limit the bank's ability to invest in growth opportunities and manage financial obligations effectively.

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, primarily from interest income and fee-based services. The bank earns interest income by providing loans to consumers and businesses, with interest rates that vary based on risk and market conditions. Additionally, Amalgamated Bank charges fees for various banking services, including account maintenance, transaction processing, and wealth management services. The bank also potentially benefits from partnerships with organizations that align with its values, such as non-profits and socially responsible enterprises, which can enhance its customer base and promote community-focused financial products. Furthermore, investment income from the bank's asset management services contributes to its overall revenue, while strategic initiatives aimed at promoting sustainable practices attract clients who prioritize ethical banking.

Amalgamated Bank Financial Statement Overview

Summary

Amalgamated Bank demonstrates strong revenue growth and profitability, supported by a stable balance sheet with low leverage. However, cash flow generation shows some weaknesses, indicating room for improvement.

Income Statement

Amalgamated Bank shows strong revenue growth with a TTM increase of 52.4%, indicating robust business expansion. The gross profit margin remains high at around 70%, reflecting efficient cost management. However, the net profit margin slightly decreased to 23.4% in the TTM, suggesting some pressure on profitability. Overall, the income statement reflects a healthy growth trajectory with stable profitability.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio of 0.12 in the TTM, indicating conservative leverage. Return on equity is strong at 14.3%, showcasing effective use of equity to generate profits. The equity ratio stands at 8.7%, which is typical for the banking industry. While the balance sheet is stable, the relatively low equity ratio could be a potential risk in volatile markets.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow growth at -1.7% in the TTM, indicating potential challenges in cash generation. The operating cash flow to net income ratio is low at 0.016, suggesting limited cash conversion efficiency. However, the free cash flow to net income ratio remains high at 0.98, indicating strong cash flow relative to net income. Overall, cash flow stability is adequate but shows room for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	447.73M	435.34M	382.48M	285.16M	208.76M	223.69M
Gross Profit	309.32M	306.19M	271.05M	251.51M	202.83M	188.42M
EBITDA	143.54M	151.02M	131.13M	118.51M	75.57M	69.51M
Net Income	102.30M	106.43M	87.98M	81.48M	52.94M	46.19M
Balance Sheet
Total Assets	8.68B	8.26B	7.97B	7.84B	7.08B	5.98B
Cash, Cash Equivalents and Short-Term Investments	670.23M	1.69B	1.57B	1.88B	2.44B	1.58B
Total Debt	90.28M	334.14M	335.57M	698.49M	131.99M	53.17M
Total Liabilities	7.91B	7.55B	7.39B	7.33B	6.51B	5.44B
Stockholders Equity	775.57M	707.65M	585.23M	508.82M	563.74M	535.69M
Cash Flow
Free Cash Flow	124.67M	122.29M	115.75M	145.65M	68.14M	64.16M
Operating Cash Flow	127.64M	124.06M	117.22M	147.32M	70.54M	65.77M
Investing Cash Flow	-300.70M	-315.95M	-134.41M	-1.20B	-865.41M	-755.14M
Financing Cash Flow	139.40M	162.06M	44.21M	788.22M	1.09B	605.60M

Amalgamated Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMAL, the sentiment is Positive. The current price of 32.97 is above the 20-day moving average (MA) of 31.12, above the 50-day MA of 28.82, and above the 200-day MA of 29.01, indicating a bullish trend. The MACD of 1.25 indicates Negative momentum. The RSI at 70.57 is Negative, neither overbought nor oversold. The STOCH value of 90.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMAL.

Amalgamated Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMAL	82 Outperform	$987.00M	9.91	13.88%	1.70%	4.33%	-2.20%
HFWA	79 Outperform	$845.86M	15.01	6.43%	3.85%	8.27%	54.96%
CPF	78 Outperform	$870.82M	13.36	11.65%	3.36%	1.22%	15.97%
AMTB	73 Outperform	$831.91M	12.72	7.21%	1.79%	15.37%	―
CFFN	71 Outperform	$943.73M	13.74	6.53%	4.73%	6.27%	79.25%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HBNC	58 Neutral	$926.01M	-4.60	-26.60%	3.50%	-78.64%	-913.67%

Amalgamated Bank Corporate Events

Amalgamated Bank Highlights Renewable Lending Focus

On November 11, 2025, Amalgamated Financial Corp. will present to institutional investors using an Investor Presentation. The presentation highlights the company’s renewable lending portfolio, which is composed of various loan types and sectors, such as solar and wind energy. The report, furnished on November 10, 2025, outlines the company’s strategic focus on renewable energy, showcasing a robust risk rating profile and a geographical spread of projects, indicating strong market positioning and commitment to sustainable finance.

Amalgamated Bank Reports Strong Q3 2025 Financial Results

Amalgamated Financial Corp. reported its third-quarter 2025 financial results, highlighting a solid balance sheet and an expanded net interest margin of 3.60%. The company achieved a net income of $26.8 million, with core net income reaching $27.6 million. Deposits saw a notable increase, particularly political deposits, while nonperforming assets decreased significantly. The company also repurchased approximately 347,000 shares of common stock, reflecting strong quarterly earnings and a commitment to shareholder returns.

Amalgamated Bank Declares Quarterly Dividend Announcement

On October 21, 2025, Amalgamated Financial Corp. announced that its Board of Directors declared a quarterly dividend of $0.14 per share, payable on November 20, 2025, to shareholders of record as of November 5, 2025. This decision reflects the company’s ongoing commitment to delivering shareholder value and may influence investor perceptions and market positioning.