A Business at a Glance
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Consolidated Statements of Financial Condition (Dollars in thousands except for per share amounts) December 31,2024December 31,2023 Cash and due from banks$4,042 $2,856 Interest-bearing deposits in banks56,707 87,714 Total cash and cash equivalents60,749 90,570 Available for sale, at fair value: Traditional securities Property Assessed Clean Energy ("PACE") assessments Held-to-maturity, at amortized cost: Traditional securities, net of allowance for credit losses of $49 and $54, respectively PACE assessments, net of allowance for credit losses of $655 and $667, respectively Loans held for sale37,593 1,817 Loans receivable, net of deferred loan origination fees and costs4,672,924 4,411,319 Allowance for credit losses(60,086)(65,691) Loans receivable, net4,612,838 4,345,628 Resell agreements23,741 50,000 Federal Home Loan Bank of New York ("FHLBNY") stock, at cost15,693 4,389 Accrued interest receivable61,172 55,484 Premises and equipment, net6,386 7,807 Bank-owned life insurance108,026
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 321M | 316M | 291M | 264M | 203M | 221M |
| Net Income | 102M | 106M | 88M | 81M | 53M | 46M |
| EPS | $3.32 | $3.44 | $2.86 | $2.61 | $1.68 | $1.48 |
| Free Cash Flow | 125M | 122M | 116M | 146M | 68M | 64M |
| ROIC | 1.2% | 33.2% | 29.4% | 21.5% | 24.7% | 10.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 10.67 | 12.62 | 14.41 | 11.55 | 10.16 |
| Dividends/Share | $0.56 | $0.46 | $0.40 | $0.36 | $0.32 | $0.32 |
| Operating Income | 1.8M | 259M | 206M | 127M | 77M | 72M |
| Operating Margin | 0.6% | 82.1% | 70.8% | 48.1% | 38.0% | 32.8% |
| ROE | 1.2% | 16.5% | 15.0% | 16.0% | 9.4% | 8.6% |
| Shares Outstanding | 30M | 31M | 31M | 31M | 32M | 31M |
| Metric | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 196M | 221M | 203M | 264M | 291M | 316M | 321M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 83M | 72M | 77M | 127M | 206M | 259M | 1.8M |
| Op. Margin | 42.6% | 32.8% | 38.0% | 48.1% | 70.8% | 82.1% | 0.6% |
| Net Income | 47M | 46M | 53M | 81M | 88M | 106M | 102M |
| Net Margin | 24.1% | 20.9% | 26.1% | 30.9% | 30.3% | 33.7% | 31.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | 13.9% | 10.9% | 24.7% | 21.5% | 29.4% | 33.2% | 1.2% |
| ROE | 9.6% | 8.6% | 9.4% | 16.0% | 15.0% | 16.5% | 1.2% |
| ROA | 0.9% | 0.8% | 0.7% | 1.0% | 1.1% | 1.3% | 258.0% |
| Cash Flow | |||||||
| Op. Cash Flow | 83M | 66M | 71M | 147M | 117M | 124M | 128M |
| Free Cash Flow | 83M | 64M | 68M | 146M | 116M | 122M | 125M |
| Owner Earnings | 76M | 57M | 65M | 141M | 107M | 114M | 117M |
| CapEx | 753K | 1.6M | 2.4M | 1.7M | 1.5M | 1.8M | 3.0M |
| Maint. CapEx | 4.6M | 6.2M | 3.6M | 3.5M | 5.5M | 4.7M | 4.7M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 4.6M | 6.2M | 3.6M | 3.5M | 5.5M | 4.7M | 4.7M |
| CapEx/OCF | 0.9% | 2.5% | 3.4% | 1.1% | 1.3% | 1.4% | 2.3% |
| Capital Allocation | |||||||
| Dividends Paid | 8.3M | 10.0M | 10.0M | 11M | 12M | 14M | 17M |
| Dividend Yield | 1.7% | 2.8% | 2.1% | 1.9% | 2.2% | 1.7% | 1.3% |
| Share Buybacks | 5.8M | 7.0M | 2.9M | 12M | 8.3M | 1.1M | 1.1M |
| Buyback Yield | 1.0% | 1.8% | 0.6% | 1.8% | 1.0% | 0.1% | 0.1% |
| Stock-Based Comp | 2.4M | 2.4M | 1.8M | 2.7M | 4.7M | 5.5M | 5.5M |
| Debt Repayment | 18M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | -48M | N/A | N/A | N/A | N/A | N/A | -116M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | 116M |
| Long-Term Debt | 75M | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.15 | 10.16 | 11.55 | 14.41 | 12.62 | 10.67 | 0.00 |
| Interest Coverage | 4.3 | 6.9 | 12.4 | 6.8 | 2.5 | 2.3 | 2.3 |
| Equity | 490M | 536M | 564M | 509M | 585M | 708M | 8.7B |
| Total Assets | 5.3B | 6.0B | 7.1B | 7.8B | 8.0B | 8.3B | 40M |
| Total Liabilities | 4.8B | 5.4B | 6.5B | 7.3B | 7.4B | 7.5B | 47M |
| Intangibles | 13M | 13M | 13M | 13M | 13M | 13M | 13M |
| Retained Earnings | 181M | 217M | 260M | 330M | 388M | 480M | 480M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||
| EPS | 1.47 | 1.48 | 1.68 | 2.61 | 2.86 | 3.44 | 3.32 |
| Owner EPS | 2.38 | 1.83 | 2.07 | 4.52 | 3.48 | 3.68 | 3.92 |
| Book Value | 15.27 | 17.17 | 17.89 | 16.30 | 19.02 | 22.87 | 290.05 |
| Cash Flow/Share | 2.60 | 2.11 | 2.24 | 4.72 | 3.81 | 4.01 | 3.57 |
| Dividends/Share | 0.26 | 0.32 | 0.32 | 0.36 | 0.40 | 0.46 | 0.56 |
| Shares Out. | 32.1M | 31.2M | 31.5M | 31.2M | 30.8M | 30.9M | 29.9M |
| Valuation | |||||||
| P/E Ratio | 11.8 | 8.5 | 9.2 | 8.4 | 9.2 | 9.6 | 12.5 |
| P/FCF | 6.7 | 6.1 | 7.1 | 4.7 | 7.0 | 8.3 | 10.0 |
| EV/EBIT | 6.1 | N/A | N/A | N/A | N/A | N/A | 615.2 |
| Price/Book | 1.1 | 0.7 | 0.9 | 1.3 | 1.4 | 1.4 | 0.1 |
| Price/Sales | 2.5 | 1.6 | 2.3 | 2.3 | 1.9 | 2.7 | 3.9 |
| FCF Yield | 14.9% | 16.3% | 14.0% | 21.3% | 14.3% | 12.0% | 10.0% |
| Market Cap | 557M | 393M | 487M | 685M | 807M | 1.0B | 1.2B |
| Avg. Price | 15.24 | 11.44 | 14.87 | 19.34 | 18.27 | 27.59 | 41.65 |
| Year-End Price | 17.33 | 12.60 | 15.46 | 21.95 | 26.22 | 32.96 | 41.65 |
Amalgamated Financial Corp. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Amalgamated Financial Corp. trades at 12.5x trailing earnings, compared to its 15-year median P/E of 9.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 10.0x vs a median of 6.8x. The company's 5-year average ROIC is 23.9%. Total shareholder yield (dividends) is 1.4%. At current prices, the estimated annualized return to fair value is +11.3%.
Amalgamated Financial Corp. (AMAL) has a current P/E ratio of 12.5, compared to its historical median P/E of 9.2. The stock is currently considered Expensive based on its historical valuation range.
Amalgamated Financial Corp. (AMAL) has a 5-year average return on invested capital (ROIC) of 23.9%. This indicates strong capital allocation and a potential competitive advantage.
Amalgamated Financial Corp. (AMAL) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, Amalgamated Financial Corp. (AMAL) pays a dividend with a trailing twelve-month yield of 1.34%. The company also returns capital through share buybacks, with a buyback yield of 0.09%.
Based on historical P/E analysis, Amalgamated Financial Corp. (AMAL) appears expensive. The current P/E of 12.5 is 37% above its historical median of 9.2. The estimated fair value CAGR (P/E method) is 16.6%.
Amalgamated Financial Corp. (AMAL) operates in the State Commercial Banks industry, within the Financials sector.
Amalgamated Financial Corp. (AMAL) reported annual revenue of $316 million in its most recent fiscal year, based on SEC EDGAR filings.
Amalgamated Financial Corp. (AMAL) has a net profit margin of 33.7%. This is a strong margin indicating high profitability.
Amalgamated Financial Corp. (AMAL) generated $122 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Amalgamated Financial Corp. (AMAL) has a debt-to-equity ratio of 10.67. This indicates higher leverage, which may increase financial risk.
Amalgamated Financial Corp. (AMAL) reported earnings per share (EPS) of $3.44 in its most recent fiscal year.
Amalgamated Financial Corp. (AMAL) has a return on equity (ROE) of 16.5%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 6 years of financial data for Amalgamated Financial Corp. (AMAL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Amalgamated Financial Corp. (AMAL) has a book value per share of $22.87, based on its most recent annual SEC filing.