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Amalgamated Bank. - AMAL STOCK NEWS

Welcome to our dedicated page for Amalgamated Bank. news (Ticker: AMAL), a resource for investors and traders seeking the latest updates and insights on Amalgamated Bank. stock.

Overview

Amalgamated Bank (AMAL) is a distinguished public benefit financial institution with a nearly century-long history, specializing in commercial banking, trust services, and investment management. As a full-service commercial bank and a chartered trust company, it offers an extensive suite of banking, custody, and investment management products to both commercial and retail customers. With deep roots in progressive values, the institution has built its reputation by supporting organizations and individuals dedicated to social justice, environmental stewardship, and community development.

Core Business Operations

The bank operates as a bank holding company under Amalgamated Financial Corp, delivering comprehensive financial solutions including:

  • Commercial Banking: Providing tailored financial products and services designed to support business growth and operational stability for a diverse clientele ranging from labor unions to socially responsible corporations.
  • Trust & Custody Services: Serving as a chartered trust company, Amalgamated Bank offers secure trust management and custody services, safeguarding financial assets and estates with rigorous fiduciary responsibility.
  • Investment Management: Managing assets with a focus on long-term strategic planning and risk management, the bank assists in the cultivation of investment portfolios that reflect its clients' social and environmental priorities.

Market Position and Significance

Amalgamated Bank distinguishes itself in the financial services industry by steadfastly aligning its business operations with progressive social values. It is not only a financial intermediary but also an active participant in advancing social and environmental change. The bank continuously demonstrates its expertise through rigorous financial management, responsible lending practices, and adherence to high standards of corporate governance. Its mission of "helping those who do good do better" resonates across its service offerings, ensuring that each client benefits from a personalized approach grounded in trust and expert financial consultation.

Historical and Cultural Impact

Founded nearly a century ago by a prominent labor union, Amalgamated Bank was established with an ethos that champions economic justice and sustainability. This legacy of community empowerment has cemented its role as a trusted partner to labor organizations, philanthropic entities, and socially responsible businesses. The bank’s commitment to progressive practices is further underscored by its B Corporation certification, which attests to its rigorous standards in social performance, public transparency, and legal accountability.

Competitive Landscape

Within the competitive realm of commercial banking and investment management, Amalgamated Bank leverages its longstanding expertise and mission-driven approach to differentiate itself from traditional financial institutions. It maintains a robust operational structure by integrating holistic financial services and maintaining an unwavering focus on ethical banking practices. Its unique market positioning is supported by its comprehensive service portfolio, blending conventional financial management with innovative trust and custody solutions to serve both individual and institutional investors.

Operational Excellence and Client-Centric Approach

The bank prides itself on its operational excellence, underscored by strong financial management practices and a commitment to client satisfaction. Its team of financial professionals employs industry-leading methodologies to ensure optimal asset management, prudent risk assessment, and strategic growth planning. This client-centric approach has enabled the bank to sustain its reputation as an institution where financial success is intertwined with social impact and environmental responsibility.

Summary

In summary, Amalgamated Bank is a multifaceted financial institution that offers a full range of commercial banking, trust, and investment management services. Its heritage of progressive values, combined with specialized financial expertise, positions it as an authority in aligning financial operations with broader social and environmental goals. This detailed view of the bank’s capabilities provides investors and stakeholders with clear insights into its business model, operational strategy, and market role.

Rhea-AI Summary
Amalgamated Financial Corp. released their financial results for Q4 2023, reporting net income of $22.7 million, a 0.4% increase from the previous quarter. Total deposits increased by 0.3% to $7.0 billion, with a $21.1 million increase in on-balance sheet deposits. Net loans receivable increased by 1.1% to $4.3 billion. The company also announced a 12.98% Common Equity Tier 1 Capital Ratio and a 1.13% Return on Average Assets.
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Amalgamated Financial Corp. (AMAL) has declared a regular dividend of $0.10 per share to common stockholders, payable on February 23, 2024. The future dividend payments will be at the discretion of the Board of Directors.
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Amalgamated Financial Corp. (AMAL) will release its fourth quarter and full year 2023 financial results on January 25, 2024, followed by a conference call at 11:00 a.m. Eastern Time. Investors and analysts can participate in the call and access a live audio webcast on the company's website. A replay of the conference call will also be available.
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Amalgamated Financial Corp. (AMAL) has appointed Julieta Ross and Scott Stoll to its Board of Directors. Dr. Ross brings 20 years of global banking technology leadership, while Mr. Stoll has over 40 years of experience in banking, insurance, and asset management. The company aims to leverage their expertise to advance its value creation initiatives.
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Amalgamated Financial Corp. announces Q3 2023 financial results with net income of $22.3 million and total deposits increasing by $96.2 million. Tangible common equity ratio improves to 6.72%. Share repurchase program of $40 million with $20.9 million remaining capacity.
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Amalgamated Financial Corp. declares regular dividend of $0.10 per share.
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Amalgamated Financial Corp. to release Q3 2023 financial results
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Amalgamated Bank selects Baker Hill NextGen® Statement Spreading to optimize financial analysis for commercial loans.
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FAQ

What is the current stock price of Amalgamated Bank. (AMAL)?

The current stock price of Amalgamated Bank. (AMAL) is $28.7 as of April 1, 2025.

What is the market cap of Amalgamated Bank. (AMAL)?

The market cap of Amalgamated Bank. (AMAL) is approximately 878.6M.

What core services does Amalgamated Bank offer?

Amalgamated Bank provides comprehensive commercial banking, trust services, and investment management. These services cater to both commercial and retail clients, ensuring a broad spectrum of financial solutions.

How does the bank differentiate itself from traditional financial institutions?

The bank differentiates itself by aligning its business practices with progressive social values and ethical banking standards, focusing on community impact and responsible lending practices.

What is the significance of its status as a public benefit corporation?

Being a public benefit corporation underscores the bank's commitment to exceeding traditional profit motives by integrating social, environmental, and ethical considerations into its business model.

Who are the primary clients of Amalgamated Bank?

Its clientele includes labor unions, philanthropic organizations, socially responsible corporations, political campaigns, and individuals seeking financial services aligned with progressive values.

What operations support its trust and custody services?

Amalgamated Bank, as a chartered trust company, manages a wide range of trust and custody services ensuring secure asset management and robust fiduciary responsibilities.

How does Amalgamated Bank support its community-focused mission?

The bank supports its mission by providing tailored financial solutions that promote social justice, environmental stewardship, and community development, thereby enhancing its clients' impact.

In what ways does the bank integrate progressive values into its financial services?

The bank integrates progressive values by prioritizing ethical lending, securing B Corporation certification, and designing financial products that deliver social and environmental benefits alongside financial performance.

How is its competitive advantage maintained within the industry?

Its competitive advantage is maintained through a deep understanding of market dynamics, a comprehensive service suite, robust operational practices, and a steadfast commitment to an ethical and client-focused business model.
Amalgamated Bank.

Nasdaq:AMAL

AMAL Rankings

AMAL Stock Data

878.58M
23.07M
24.83%
63.67%
4.06%
Banks - Regional
State Commercial Banks
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United States
NEW YORK