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Companies $AMAL
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Amalgamated Financial Corp logo

Amalgamated Financial Corp

ir.amalgamatedbank.com

What Do They Do?

Provides banking, lending, and trust and investment services to mission-aligned organizations, businesses, and individuals.

How Do They Make Money?

FY2025 revenue

Who Are Their Customers?

Mission-aligned nonprofits, unions, political groups, foundations and businesses use its commercial banking and trust services; consumers access deposit products through branches, online banking and mobile channels.

Do Revenues Turn Into Profits?

Yes. It kept 25 cents of every revenue dollar as net income in FY2025 and turned 32 cents into free cash flow.

Net income, FY2025
25% of revenue
▼ −2% vs FY2024 ($106.4M, 27%)
Free cash flow, FY2025
32% of revenue
▲ +10% vs FY2024 ($122.3M, 30%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +13%
vs $104.1M in Q2 FY2025
Net income
▲ +34%
vs $26M in Q2 FY2025
  • Jul 23, 2026 Raised deposit growth guidance
  • Apr 23, 2026 Raised deposit growth guidance

Growing. Revenue grew 2.3x in 4 years, from $180.5M in FY2021 to $422.2M in FY2025, about 24% a year.

Residential mortgage referrals The newer report adds a referral arrangement for residential-loan customers, while the older report listed residential mortgage loans among its products.

Who Do They Compete With?

Competes with State Street, BNY Mellon, US Bank, Regions Bank, M&T Bank, BlackRock, and Vanguard

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