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Monday 9 November 2026 Export AMAL’s income statement to Excel — free account

Amalgamated Financial Corp.

AMAL

Financial Banks Regional

Amalgamated Financial Corp.’s revenue for fiscal 2025 (year ended December 2025) was $453.2 million, up 4.29% from fiscal 2024.

Revenue
+12.5%
EPS
+37.0%
Free cash flow
−13.8%
Total debt
−20.7%

Quarter to September 2026, against a year earlier

49.56 0.20 +0.41%
Market cap
$1.5B
P/E
12.0×
Fwd P/E
11.6×
Dividend yield
1.37%
F-score
5/9
ROIC
18.0%
Net debt / EBITDA
0.0×
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Net sold
$101.4M
Trades
36 sells · 0 buys
Ownership
37.6%

Capital & Financial Ratios $m

Size
Market Cap 1,470
Revenue ttm 501
Net income ttm 123
Free cash flow ttm 141
Net debt Q (266)
Valuation
P/E 12.0
Forward P/E 11.6
Price / sales 3.0
Forward P/S Powerpack
Price / FCF 10.5
Price / book 1.8
Financial health
Current ratio Q 0.6
Debt / equity Q 0.1
Interest coverage Q —
Growth
Revenue growth Q +12.5% (above 0%: growing)
Operating income growth Q +34.2% (above 0%: growing)
EPS, this year +13.4%
EPS, next year A +13.1%
Revenue, next year A −14.5% (below 0%: weak)
EPS, past 5 yrs +18.2% (at or above 15%: strong)
EPS, next 5 yrs A +15.1% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

P/E against its own 10 years 76.36%
10-year low 10-year high
P/S against its own 10 years 94.22%
10-year low 10-year high
P/B against its own 10 years 98.78%
10-year low 10-year high

Dividends raised 5 years running

Yield
1.37%
Annual rate
0.68
Payout ratio
16.7%
Growth, 2018–26
+35.5%/yr
  1. 0.06 ’18
  2. 0.26 ’19 +333
  3. 0.32 ’20 +23
  4. 0.32 ’21 +0
  5. 0.36 ’22 +13
  6. 0.40 ’23 +11
  7. 0.46 ’24 +15
  8. 0.56 ’25 +22
  9. 0.68 ’26 +21
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 141 84 340 326
Receivables — — — —
Inventory — — — —
Other — — — —
4,543 4,796 5,308 5,522
2023 2024 2025 Q'26
Payables 7,012 7,181 7,949 8,714
ST’ Debt — — — —
Other — — — —
7,012 7,181 7,949 8,714

Compound Annual Growth %

10y 5y 3y
Sales — 14.42% 17.08%
Cash Flow — 15.60% (2.68%)
Earnings — 17.73% 8.63%
Book Value — 8.20% 16.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.08 Actual 1.14

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.91 0.99 Beat by 0.08
Q1 FY26 0.95 0.80 Miss by 0.15
Q2 FY26 1.00 1.10 Beat by 0.10
Q3 FY26 1.08 1.14 Beat by 0.06
Q4 FY26 1.09 — Reports 28 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.84 1.15 1.20 — —
’25 0.81 0.84 0.88 0.88 3.41
’24 0.89 0.87 0.90 0.79 3.44
’23 0.69 0.70 0.73 0.74 2.86
’22 0.45 0.63 0.74 0.80 2.61
’21 0.39 0.33 0.46 0.50 1.68
’20 0.30 0.33 0.40 0.44 1.48
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 123 129 134 — —
’25 107 112 119 115 453
’24 107 108 112 107 435
’23 90 94 98 105 387
’22 58 66 76 83 282
’21 47 49 52 61 209
’20 58 56 60 58 231
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 57 30 41 — —
’25 34 25 39 37 136
’24 31 28 36 29 124
’23 35 27 40 15 117
’22 17 51 26 53 147
’21 12 13 29 17 71
’20 18 0 2 46 66
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 51 20 33 — —
’25 32 26 38 38 134
’24 31 28 35 28 122
’23 35 27 39 15 116
’22 16 51 26 53 146
’21 11 12 28 17 68
’20 17 0 2 46 64
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 135 149 192 215 231 209 282 387 435 453 501 +14.4% 388 410 460 +0.5%
Gross margin, % 0.00 0.00 92.61 91.02 95.47 97.02 93.40 75.02 72.64 72.54 75.62 +72.5 pt
EBT 11 20 50 64 62 71 108 125 146 140 163 +33.1%
EBT margin, % 7.91 13.22 26.17 29.83 26.80 33.85 38.30 32.20 33.51 30.93 32.58 +23.0 pt
Net income 21 12 0 47 46 53 81 88 106 104 123 +19.4%
Per share, $
Per share, $ Revenue 0.21 0.23 6.33 6.78 7.42 6.72 9.16 12.68 14.21 14.94 16.76 +60.4%
Earnings 0.02 0.01 1.47 1.49 1.48 1.70 2.64 2.88 3.48 3.44 4.12 +77.2%
Cash flow 0.01 0.03 0.00 2.63 2.11 2.27 4.78 3.84 4.06 4.48 5.55 +91.1%
Capex 0.00 0.00 0.00 (0.02) (0.05) (0.08) (0.05) (0.05) (0.06) (0.05) (0.82) n/m
Free cash flow 0.01 0.03 0.00 2.61 2.06 2.19 4.73 3.79 4.00 4.43 4.73 +90.8%
Book value 0.54 0.54 0.00 15.46 17.21 18.13 16.51 19.16 23.14 26.20 27.90 +54.0%
Shares, m 635 635 30 32 31 31 31 31 31 30 30 (28.7%)
Valuation, ×
Valuation, × P/E 42.31 42.31 20.53 13.14 9.35 9.92 8.70 9.22 9.62 9.28 12.03 17.4
P/S 0.00 0.00 0.00 2.85 1.85 2.50 2.53 2.09 2.36 2.14 2.96 1.6
P/B 0.00 0.00 0.00 1.25 0.80 0.93 1.40 1.39 1.45 1.22 1.78 0.8
EV/Sales 0.00 0.00 0.00 2.63 1.20 0.22 4.54 2.52 2.89 1.55 — 1.6
EV/FCF 0.00 0.00 0.00 0.00 4.32 0.67 8.80 8.43 10.25 5.22 — 3.8
Cash, $m
Cash, $m Operating cash flow 8 19 0 83 66 71 147 117 124 136 166 +36.3%
Capex (13) (2) 0 (1) (2) (2) (2) (1) (2) (1) (24) (21.7%)
Free cash flow 8 19 0 83 64 68 146 116 122 134 141 +36.2%
Balance, $m
Balance, $m Working capital — — — (1,058) (1,663) (2,488) (2,395) (2,468) (2,385) (2,642) (3,193) +16.5%
Net debt 674 759 93 (48) (151) (476) 568 164 230 (270) (266) n/m
Shareholders’ equity 341 344 — 491 536 564 509 585 708 794 834 +9.9%
Returns, %
Returns, % ROA 0.52 0.30 2.21 1.01 0.82 0.81 1.09 1.11 1.31 1.22 1.34 +0.7 pt
ROIC 0.00 0.00 33.82 9.05 10.05 50.12 6.27 10.40 9.71 16.71 17.97 +16.7 pt
ROE 6.29 3.59 11.51 10.16 9.00 9.63 15.19 16.08 16.46 13.91 15.30 +7.6 pt
People
People Employees — — — — 370 375 409 425 429 450 — +4.0%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.62 0.56 0.69 0.91 1.01 1.01 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Amalgamated Financial Corp. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ESQ Esquire Financial Holdings, Inc. $1.6B 20.0× 21.2× +18.87% (above 0%: growing) +6.08% (above 0%: growing) +59.96% (above 0%: growing) 88.35% 0.00% Compare
LOB Live Oak Bancshares, Inc. $1.6B 11.7× 12.5× +16.97% (above 0%: growing) +1.25% (above 0%: growing) +92.37% (above 0%: growing) 58.14% 0.00% Compare
LKFN Lakeland Financial Corporation $1.5B 13.6× 13.7× +1.66% (above 0%: growing) +11.94% (above 0%: growing) +29.20% (above 0%: growing) 66.58% 0.00% Compare
AMAL Amalgamated Financial Corp. $1.5B 12.0× 11.6× +12.48% (above 0%: growing) +37.01% (above 0%: growing) −13.76% (below 0%: shrinking) 76.18% 0.00%
TFIN Triumph Financial, Inc. $1.5B 31.1× 31.4× +17.43% (above 0%: growing) +1,225.00% (above 0%: growing) +92.55% (above 0%: growing) 82.08% 0.00% Compare
TMP Tompkins Financial Corporation $1.4B 7.9× 12.6× +0.61% (above 0%: growing) +21.08% (above 0%: growing) +4.04% (above 0%: growing) 73.43% 0.00% Compare
BHRB Burke & Herbert Financial Services Corp. $1.4B 11.5× 11.4× +37.99% (above 0%: growing) −9.60% (below 0%: shrinking) +19.35% (above 0%: growing) 70.66% 0.00% Compare
PEBO Peoples Bancorp Inc. $1.4B 11.2× 11.8× −1.59% (below 0%: shrinking) +11.61% (above 0%: growing) +270.28% (above 0%: growing) 77.52% 0.00% Compare
WABC Westamerica Bancorporation $1.4B 12.9× 12.6× +0.43% (above 0%: growing) +8.93% (above 0%: growing) −33.14% (below 0%: shrinking) 94.65% 0.00% Compare
Median of peers $1.4B 12.3× 12.6× +9.32% +10.27% +44.58% 75.48% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 10 April 2026

Ownership

Directors and executive officers, together 1.63%
Workers United Related Parties 38.43%
Blackrock, Inc. 5.44%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

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stockrow.com/AMAL · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com