Amalgamated Financial Corp. operates as a bank holding company for Amalgamated Bank that provides commercial banking and trust services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest and interest-bearing demand accounts, savings and 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, prepaid, 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. It serves advocacy-based non-profits, social welfare organizations, labor unions, political organizations, foundations, sustainability-focused, socially responsible businesses, and other for-profit companies, as well as their members and stakeholders. The company operates a network of six branches in New York City, Washington D.C., San Francisco, and Boston; and a digital banking and mobile platform. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.
IPO Year: 2018
Exchange: NASDAQ
Website: amalgamatedbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/21/2025 | $42.00 → $38.00 | Overweight → Neutral | Piper Sandler |
| 12/12/2023 | $29.00 | Neutral → Overweight | JP Morgan |
| 11/2/2021 | $18.00 → $20.00 | Outperform | Raymond James |
| 11/1/2021 | $19.00 → $21.00 | Overweight | Barclays |
| 9/23/2021 | $17.50 → $19.00 | Overweight | Piper Sandler |
Piper Sandler downgraded Amalgamated Bank from Overweight to Neutral and set a new price target of $38.00 from $42.00 previously
JP Morgan upgraded Amalgamated Bank from Neutral to Overweight and set a new price target of $29.00
Raymond James reiterated coverage of Amalgamated Financial with a rating of Outperform and set a new price target of $20.00 from $18.00 previously
Barclays reiterated coverage of Amalgamated Financial with a rating of Overweight and set a new price target of $21.00 from $19.00 previously
Piper Sandler reiterated coverage of Amalgamated Financial with a rating of Overweight and set a new price target of $19.00 from $17.50 previously
JP Morgan downgraded Amalgamated Bank from Overweight to Neutral and set a new price target of $17.50 from $18.50 previously
Two nationally recognized experts to join the bank, adding to its position as a leader in sustainability finance. Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced the appointment of Nicole Steele as Director of Climate Partnership Banking and Emily Robichaux as Director of Climate Partnership Lending. This team of industry experts will lead the bank's efforts to execute on the potential of the $27B Greenhouse Gas Reduction Fund ("GGRF"). Ms. Steele is a nationally recognized leader and expert with over 20 years' experience in clean energy, focusing on equitable deployment and workforce development. She was instrumental in the development of the
NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced it has appointed Julieta Ross and Scott Stoll as its newest members to the Company's Board of Directors, effective immediately. Dr. Ross has an extensive background in the broader financial services risk management landscape, with over 20 years of global banking technology leadership and experience. With a proven track record of building and scaling businesses while leveraging digital technologies, she offers a vast understanding on the integration of new technology perspectives in the process of building market-leading banking platforms and avant-garde di
NEW YORK, July 27, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced the appointment of Meredith Miller as an independent director to the Company's Board of Directors, effective immediately. Ms. Miller is internationally recognized as a leader in corporate governance occupying various board and senior leadership roles with over 30 years of experience in the public and private sector. Of particular significance is Ms. Miller's experience and advocacy in the pursuit of advancing diversity in corporate boards as well as her extensive corporate governance experience spanning human capital management, ESG, and sustainable invest
NEW YORK, May 26, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (NASDAQ:AMAL) ("Amalgamated" or the "Company"), today announced that it has appointed Jason Darby as Chief Financial Officer and Senior Executive Vice President, effective immediately. Mr. Darby has served as interim Chief Financial Officer since April 2021. Earlier this month, in a separate announcement, Amalgamated named Priscilla Sims Brown as its President and Chief Executive Officer, effective June 1, 2021. In making today's announcement, Lynne Fox, Board Chair and Interim President and Chief Executive Officer, commented, "On behalf of the board and senior management team, we are excited that Jason will be our Chi
NEW YORK, May 11, 2021 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (NASDAQ:AMAL) ("Amalgamated" or the "Company"), America's socially responsible bank, today named Priscilla Sims Brown its next President and Chief Executive Officer. Ms. Brown will join Amalgamated on June 1, 2021 from Commonwealth Bank, Australia's largest bank, where she serves as Group Executive, Marketing and Corporate Affairs, with responsibility for end-to-end marketing, branding, stakeholder insights, government and public affairs, and environment and social policy. Through her leadership, Commonwealth Bank bolstered its brand and reputation among all stakeholders and greatly enhanced its value proposition to cu
NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ:AMAL), today announced the successful closing of a $15 million commitment as part of a nearly $1 billion aggregate financing to support the construction and operation of Greenbacker Renewable Energy Company LLC's ("Greenbacker") utility-scale 674 MWdc (megawatts of direct current) "Cider" solar farm, the largest solar project in New York State. Cider is located on approximately 2,500 acres in Genesee County, New York, the state where both Greenbacker and Amalgamated Bank are headquartered. Greenbacker broke ground on the solar project—its largest to date—in late 2024, and comm
NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the "Company" or "Amalgamated") (NASDAQ:AMAL), the holding company for Amalgamated Bank (the "Bank"), today announced financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights (on a linked quarter basis) Net income of $25.0 million, or $0.81 per diluted share, compared to $24.5 million, or $0.79 per diluted share.Core net income1 of $27.1 million, or $0.88 per diluted share, compared to $28.0 million, or $0.90 per diluted share. Deposits and Liquidity On-balance sheet deposits increased $231.5 million, or 3.2%, to $7.4 billion.Off-balance sheet deposits were $214.5 millio
NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.14 per share, payable by the Company on May 22, 2025, to stockholders of record on May 6, 2025. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank. Amalg
NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its first quarter 2025 financial results will be released before market open on Thursday, April 24, 2025. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/. A replay of t
Partnership with Amalgamated Bank and GS Power Partners funds five community solar projects in NY GS Power Partners (GSPP), a leading Independent Power Producer in the distributed generation (DG) solar sector, today announced it has secured a $22 million term financing commitment from Amalgamated Bank (NASDAQ:AMAL). The financing package encompasses five GSPP community solar projects in New York, totaling 25.5 megawatts (MWdc). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250311666654/en/GS Power Partners' Fox Road project in Marcy, New York. (Photo: Business Wire) "We are pleased to announce this financial close, alongside ou
NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated", the "Company", or the "Bank") (NASDAQ:AMAL) today announced that its Board of Directors has approved a new authorization for the repurchase of up to $40 million of the Company's Class A common stock. The new authorization replaces the previous share repurchase authorization, which had approximately $18.7 million remaining as of December 31, 2024. Priscilla Sims Brown, President and Chief Executive Officer, commented, "We have begun the year with momentum across the Bank as our political deposit balances begin to rebuild following the recent election cycle conclusion and our new business production pip
NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the "Company" or "Amalgamated") (NASDAQ:AMAL), the holding company for Amalgamated Bank (the "Bank"), today announced financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights (on a linked quarter basis) Net income of $24.5 million, or $0.79 per diluted share, compared to $27.9 million, or $0.90 per diluted share.Core net income1 of $28.0 million, or $0.90 per diluted share, compared to $28.0 million, or $0.91 per diluted share. Deposits and Liquidity (following the Election Cycle Conclusion) Total deposits decreased $414.0 million, or 5.5%, to $7.2 billion, in
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its Board of Directors has authorized a $0.02 increase, or 17%, in the Company's quarterly dividend to $0.14 per common share, payable by the Company on February 27, 2025, to stockholders of record on February 11, 2025. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-ow
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its fourth quarter and full year 2024 financial results will be released before market open on Thursday, January 23, 2025. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the "Company" or "Amalgamated") (NASDAQ:AMAL), the holding company for Amalgamated Bank (the "Bank"), today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights (on a linked quarter basis) Net income of $27.9 million, or $0.90 per diluted share, compared to $26.8 million, or $0.87 per diluted share.Core net income1 of $28.0 million, or $0.91 per diluted share, compared to $26.2 million, or $0.85 per diluted share. Deposits and Liquidity Total deposits increased $145.6 million, or 2.0%, to $7.6 billion including a $51.3 million decline in Brokered
NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ:AMAL), today announced the successful closing of a $15 million commitment as part of a nearly $1 billion aggregate financing to support the construction and operation of Greenbacker Renewable Energy Company LLC's ("Greenbacker") utility-scale 674 MWdc (megawatts of direct current) "Cider" solar farm, the largest solar project in New York State. Cider is located on approximately 2,500 acres in Genesee County, New York, the state where both Greenbacker and Amalgamated Bank are headquartered. Greenbacker broke ground on the solar project—its largest to date—in late 2024, and comm
NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the "Company" or "Amalgamated") (NASDAQ:AMAL), the holding company for Amalgamated Bank (the "Bank"), today announced financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights (on a linked quarter basis) Net income of $25.0 million, or $0.81 per diluted share, compared to $24.5 million, or $0.79 per diluted share.Core net income1 of $27.1 million, or $0.88 per diluted share, compared to $28.0 million, or $0.90 per diluted share. Deposits and Liquidity On-balance sheet deposits increased $231.5 million, or 3.2%, to $7.4 billion.Off-balance sheet deposits were $214.5 millio
NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.14 per share, payable by the Company on May 22, 2025, to stockholders of record on May 6, 2025. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank. Amalg
NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its first quarter 2025 financial results will be released before market open on Thursday, April 24, 2025. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/. A replay of t
OKLAHOMA CITY, April 02, 2025 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ:AMAL), today announced the successful closing on the first adjustable-rate financing under the Oklahoma County C-PACE Program for the Alley North Office development, using Allectrify's FASTPACE Platform for C-PACE financing. The development is a marquee project in the Alley North redevelopment district, the site of Oklahoma City's historic "Automobile Alley." The building will be the first multi-story mass timber office building in the state and will help anchor the new mixed-use district, strategically located along a planned regional transit line. The building will s
Partnership with Amalgamated Bank and GS Power Partners funds five community solar projects in NY GS Power Partners (GSPP), a leading Independent Power Producer in the distributed generation (DG) solar sector, today announced it has secured a $22 million term financing commitment from Amalgamated Bank (NASDAQ:AMAL). The financing package encompasses five GSPP community solar projects in New York, totaling 25.5 megawatts (MWdc). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250311666654/en/GS Power Partners' Fox Road project in Marcy, New York. (Photo: Business Wire) "We are pleased to announce this financial close, alongside ou
NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated", the "Company", or the "Bank") (NASDAQ:AMAL) today announced that its Board of Directors has approved a new authorization for the repurchase of up to $40 million of the Company's Class A common stock. The new authorization replaces the previous share repurchase authorization, which had approximately $18.7 million remaining as of December 31, 2024. Priscilla Sims Brown, President and Chief Executive Officer, commented, "We have begun the year with momentum across the Bank as our political deposit balances begin to rebuild following the recent election cycle conclusion and our new business production pip
NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the "Company" or "Amalgamated") (NASDAQ:AMAL), the holding company for Amalgamated Bank (the "Bank"), today announced financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights (on a linked quarter basis) Net income of $24.5 million, or $0.79 per diluted share, compared to $27.9 million, or $0.90 per diluted share.Core net income1 of $28.0 million, or $0.90 per diluted share, compared to $28.0 million, or $0.91 per diluted share. Deposits and Liquidity (following the Election Cycle Conclusion) Total deposits decreased $414.0 million, or 5.5%, to $7.2 billion, in
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its Board of Directors has authorized a $0.02 increase, or 17%, in the Company's quarterly dividend to $0.14 per common share, payable by the Company on February 27, 2025, to stockholders of record on February 11, 2025. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-ow
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) today announced that its fourth quarter and full year 2024 financial results will be released before market open on Thursday, January 23, 2025. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/
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