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New York bank historically owned by labor unions, serving unions, nonprofits and values-driven/political organizations.
New York bank historically owned by labor unions, serving unions, nonprofits and values-driven/political organizations.
Earns mainly from interest on loans, including multifamily mortgages and loans to clean-energy projects, funded by deposits from unions, nonprofits and political campaigns. It also earns trust and custody fees from institutional clients. Deposits from political committees swell in election years and shrink afterwards.
Moat: narrow (brand, customer qualification). Deep trust with labor and progressive-advocacy clients is a niche few banks compete for directly.
Headquarters: New York, New York, US · Founded: 1923 · Employees: 450
Size Amalgamated Financial (AMAL) is a United States Financials company (Regional Banks) with a market value of $1.47B, the 2000th largest of 3,117 United States companies the cockpit tracks. Shares closed at $49.56 on 6 Nov 2026.
Performance Over six months the shares gained 17.8%, against +3.0% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 11.6% over the last twelve months (peer median +4.1%); the operating margin is 42.9% (peer median 33.1%).
Valuation It trades at 1.77× book value against a peer median of 1.03× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 13.0%; Amalgamated Financial delivers 15.3%, so the price asks less than the business earns today.
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $500M | $455M | $434M | $381M | $285M |
| Revenue growth | — | +5% | +14% | +34% | — |
| Net income | $123M | $104M | $106M | $88.0M | $81.5M |
| Free cash flow | $141M | $136M | $122M | $113M | $126M |
| Capital expenditure | $24.5M | $1.38M | $1.77M | $1.48M | $1.67M |
| Total debt | $134M | $81.8M | $334M | $336M | $698M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMAL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.0% | -1.3% | 4th highest of 21 |
| 6-month return | +17.8% | +3.0% | 2nd highest of 21 |
| Return on equity | 15.3% | 10.6% | 4th highest of 21 |
| Price / book | 1.77× | 1.03× | 3rd most expensive of 21 |
| Trailing P/E | 12.2× | 11.6× | 8th most expensive of 19 |
| ROE the price implies | 13.0% | 7.8% | 4th most demanding of 21 |
| ROE delivered | 15.3% | 10.7% | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Amalgamated Financial AMAL | United States | $1.47B | +18% | +12% | 15% | 1.77× | 13.0% | 15.3% |
| Musashino Bank 8336.T | Japan | $1.47B | -3% | +31% | 6% | 0.82× | 6.0% | 5.8% |
| Jiangsu Suzhou Rural Commercial Bank 603323.SS | China | $1.50B | -1% | -7% | 11% | 0.49× | 2.3% | 10.7% |
| CCI 7381.T | Japan | $1.44B | +7% | +49% | 7% | 0.83× | 4.1% | 7.1% |
| Jammu & Kashmir Bank J&KBANK.NS | India | $1.44B | -12% | +6% | 15% | 0.77× | 12.1% | 14.5% |
| Lakeland Financial LKFN | United States | $1.51B | -1% | +2% | 15% | 2.07× | 14.8% | 15.4% |
| Tompkins Financial TMP | United States | $1.43B | +16% | -15% | 21% | 1.52× | 11.5% | 20.9% |
| Bank of Tianjin 1578.HK | Hong Kong | $1.52B | -22% | -4% | 5% | 0.14× | 3.3% | 5.2% |
| K Bank 279570.KS | South Korea | $1.53B | -18% | 0% | 6% | 0.93× | 5.3% | n/a |
| Burke Herbert Financial Services BHRB | United States | $1.41B | +10% | +14% | 10% | 1.23× | 7.1% | 10.5% |
| Yibin City Commercial Bank 2596.HK | Hong Kong | $1.55B | +2% | +6% | 6% | 0.91× | 5.1% | 5.5% |
| Jiangsu Zijin Rural Commercial Bank 601860.SS | China | $1.39B | -6% | -9% | 6% | 0.43× | 2.9% | 5.7% |
| Peoples Bancorp PEBO | United States | $1.39B | +12% | 0% | 10% | 1.13× | 8.5% | 10.0% |
| Tamilnad Mercantile Bank TMB.NS | India | $1.39B | +11% | +18% | 16% | 1.22× | 14.6% | 15.6% |
| Westamerica Bancorporation WABC | United States | $1.38B | +9% | -4% | 13% | 1.75× | 11.3% | 12.9% |
| Live Oak Bancshares LOB | United States | $1.57B | -10% | +9% | 11% | 1.30× | 17.1% | 11.1% |
| Keiyo Bank 8544.T | Japan | $1.58B | -1% | +19% | 6% | 0.78× | 6.9% | 5.7% |
| Republic Bancorp RBCAA | United States | $1.59B | +17% | -2% | 12% | 1.52× | 10.1% | 11.5% |
| Zhejiang Shaoxing Ruifeng Rural Commercial Bank 601528.SS | China | $1.60B | +4% | -8% | 10% | 0.51× | 3.4% | 9.9% |
| First Mid Bancshares FMBH | United States | $1.35B | +15% | +15% | 11% | 1.23× | 10.1% | 10.9% |
| HBT Financial HBT | United States | $1.35B | +30% | +23% | 13% | 1.78× | 10.1% | 13.2% |