Amalgamated Financial Corp.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Loans $129.9m $140.0m $142.0m $123.3m $145.6m $191.3m $215.4m $240.6m
Securities $31.6m $44.2m $47.6m $56.4m $110.7m $161.0m $177.2m $176.3m
Interest-bearing deposits in banks $1.4m $949k $697k $651k $2.2m $5.8m $8.7m $5.3m
Deposits $9.6m $14.5m $10.5m $5.8m $11.1m $81.1m $113.5m $121.6m
Borrowed funds $4.6m $4.9m $27k $399k $7.6m $15.6m $5.4m $2.9m
NET INTEREST INCOME $149.7m $166.6m $180.0m $174.3m $239.8m $261.3m $282.4m $297.8m
Provision for credit losses $166.6m $180.0m ($287k) $15.0m $14.7m $10.3m $16.3m
Net interest income after provision for credit losses $150.0m $162.8m $155.2m $174.6m $224.8m $246.6m $272.1m $281.5m
Trust Department fees $18.8m $18.6m $15.2m $13.4m $14.4m $15.2m $15.2m $16.2m
Service charges on deposit accounts $8.2m $8.5m $9.2m $9.4m $11.0m $11.0m $32.2m $17.5m
Bank-owned life insurance income $1.7m $1.6m $3.1m $2.4m $3.9m $2.9m $2.5m $3.1m
Losses on sale of securities and other assets, net ($249k) $83k $1.6m $649k ($3.6m) ($7.4m) ($9.7m) ($3.4m)
Gain (loss) on sale of loans and changes in fair value on loans held-for-sale, net ($451k) $13k $2.5m $1.9m ($610k) $32k ($8.2m) ($2.7m)
Equity method investments income (loss) $0 $0 $7.4m $150k ($2.8m) $4.9m ($831k) ($1.7m)
Other income $872k $878k $2.0m $1.0m $1.8m $2.7m $2.1m $2.0m
Compensation and employee benefits $67.4m $70.3m $69.4m $69.8m $74.7m $85.8m $93.8m $98.6m
Occupancy and depreciation $16.5m $17.7m $23.0m $14.0m $13.7m $13.6m $13.1m $13.4m
Professional fees $13.7m $11.9m $11.2m $13.0m $10.4m $9.6m $10.0m $14.3m
Technology $11.6m $10.9m $11.3m $16.0m $17.7m $17.7m $19.8m $24.1m
Office maintenance and depreciation $3.6m $3.5m $3.3m $3.1m $3.0m $2.8m $2.5m $2.1m
Amortization of intangible assets $969k $1.4m $1.4m $1.2m $1.0m $888k $730k $574k
Advertising and promotion $3.4m $2.9m $3.5m $3.2m $3.7m $4.2m $3.7m $2.4m
Federal deposit insurance premiums $1 $3.1m $2.5m $3.2m $4.0m $3.7m $3.8m
Total interest and dividend income $164.0m $186.0m $190.5m $180.5m $258.5m $358.1m $401.3m $422.2m
Total non-interest income $28.3m $29.2m $40.6m $28.4m $23.9m $29.3m $33.2m $30.9m
Income before income taxes $50.3m $64.2m $61.9m $70.7m $108.2m $124.7m $145.6m $140.2m
Net income $44.7m $47.2m $46.2m $52.9m $81.5m $88.0m $106.4m $104.4m
Earnings per common share - basic (in dollars per share) $1.47 $1.49 $1.48 $1.70 $2.64 $2.88 $3.48 $3.44
Earnings per common share - diluted (in dollars per share) $1.46 $1.47 $1.48 $1.68 $2.61 $2.86 $3.44 $3.41
Other expense $10.8m $9.2m $10.7m $11.9m $13.0m $12.6m $12.5m $13.1m
Income tax expense $5.7m $17.0m $15.8m $17.8m $26.7m $36.8m $39.2m $35.7m
Total interest expense $14.2m $19.3m $10.5m $6.2m $18.6m $96.8m $118.9m $124.4m
Total non-interest expense $128.0m $127.8m $133.9m $132.3m $140.6m $151.2m $159.8m $172.2m