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Amalgamated Bank
Previous close
$23.98
Day range
$23.08 - $24.16
Year range
$14.05 - $27.77
Market cap
731.45M USD
Avg Volume
139.61K
P/E ratio
8.36
Dividend yield
2.01%
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Revenue | 72.97M | 8.68% |
Operating expense | 36.53M | 5.82% |
Net income | 22.69M | -8.33% |
Net profit margin | 31.10 | -15.65% |
Earnings per share | 0.72 | -13.25% |
EBITDA | — | — |
Effective tax rate | 35.56% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Cash and short-term investments | 140.17M | 57.68% |
Total assets | 7.97B | 1.65% |
Total liabilities | 7.39B | 0.72% |
Total equity | 585.36M | — |
Shares outstanding | 30.51M | — |
Price to book | 1.25 | — |
Return on assets | 1.14% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Net income | 22.69M | -8.33% |
Cash from operations | 15.32M | -71.14% |
Cash from investing | -81.95M | -1,135.66% |
Cash from financing | 16.99M | 126.68% |
Net change in cash | -49.65M | -1,750.50% |
Free cash flow | — | — |
About
Amalgamated Bank is an American financial institution. It is the largest union-owned bank and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by Workers United, an SEIU Affiliate.
It was founded on April 14, 1923, by the Amalgamated Clothing Workers of America. As of 30 July 2023, Amalgamated Bank had $7.8 billion in assets. Through its Institutional Asset Management and Custody Division, Amalgamated Bank is one of the leading providers of investment and trust services to Taft–Hartley plans in the United States. The bank oversees over $45 billion in investment advisory and custodial services.
In August 2018, Amalgamated Bank filed an initial public offering and became publicly traded on the NASDAQ, under the ticker symbol "AMAL".
The bank offers personal banking, small business banking solutions, commercial banking, and institutional investing services across New York, California, Massachusetts, Washington, D.C., and Colorado. Wikipedia
Founded
Apr 14, 1923
Website
Employees
425
