The bank maintains a stable capital position with an equity-to-assets ratio of 0.09, yet the balance sheet is uniquely characterized by an $8.9 billion investment securities portfolio that accounts for 97% of total assets.
| Cash & Short Term Investments | 1.51B | 53.16M | 1.69B | 1.57B | 1.88B | 2.44B | 1.58B | 1.35B | 1.26B | 1.06B | 0 |
| Cash & Due from Banks | 11.62M | 4.5M | 60.75M | 90.17M | 63.54M | 330.49M | 38.77M | 122.54M | 80.84M | 116.46M | 140.63M |
| Short Term Investments | 0 | 48.66M | 1.63B | 1.48B | 1.81B | 2.11B | 1.54B | 1.22B | 1.18B | 943.36M | 0 |
| Total Investments | 8.9B | 8.59B | 7.87B | 7.54B | 7.43B | 6.24B | 5.5B | 4.96B | 4.39B | 3.73B | 163.65M |
| Investments Growth % | 19.85% | 9.04% | 4.43% | 1.47% | 19.02% | 13.42% | 11.01% | 12.95% | 17.6% | 2181.04% | - |
| Long-Term Investments | 29.04B | 8.54B | 6.25B | 6.06B | 5.62B | 4.13B | 3.96B | 3.73B | 3.21B | 2.79B | 163.65M |
| Accounts Receivables | 56.25M | 0 | 61.17M | 55.48M | 41.44M | 28.82M | 23.97M | 19.09M | 14.39M | 11.18M | 0 |
| Goodwill & Intangibles | 13.74M | 13.85M | 14.42M | 15.15M | 16.04M | 17.09M | 18.3M | 19.66M | 21.04M | 0 | 0 |
| Goodwill | 12.94M | 12.94M | 12.94M | 12.94M | 12.94M | 12.94M | 12.94M | 12.94M | 12.9M | 0 | 0 |
| Intangible Assets | 808K | 913K | 1.49M | 2.22M | 3.1M | 4.15M | 5.36M | 6.73M | 8.14M | 0 | 0 |
| PP&E (Net) | 19.52M | 14.29M | 20.62M | 28.88M | 38.09M | 44.85M | 49.08M | 65.08M | 21.65M | 22.42M | 25.52M |
| Other Assets | 136.81M | 155.65M | 183.32M | 185.29M | 190.51M | 386.44M | 307.91M | 108.96M | 117.98M | 118.92M | 90.47M |
| Total Current Assets | 67.86M | 118.29M | 1.75B | 1.63B | 1.92B | 2.47B | 1.6B | 1.37B | 1.27B | 1.07B | 159.49M |
| Total Non-Current Assets | 9.1B | 8.75B | 6.51B | 6.34B | 5.93B | 4.61B | 4.38B | 3.96B | 3.42B | 2.97B | 3.88B |
| Total Assets | 9.17B | 8.87B | 8.26B | 7.97B | 7.84B | 7.08B | 5.98B | 5.33B | 4.69B | 4.04B | 4.04B |
| Asset Growth % | 25.81% | 7.42% | 3.57% | 1.65% | 10.81% | 18.39% | 12.27% | 13.66% | 15.94% | -0.03% | - |
| Return on Assets (ROA) | 1.18% | 1.22% | 1.31% | 1.11% | 1.09% | 0.81% | 0.82% | 0.94% | 1.02% | 0.15% | 0.26% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.92M |
| Total Debt | 81.08M | 94.06M | 334.14M | 335.57M | 698.49M | 131.99M | 53.17M | 137.4M | 92.88M | 402.61M | 638.87M |
| Net Debt | 69.46M | 89.56M | 273.39M | 245M | 634.95M | -198.49M | 14.4M | 14.87M | 12.03M | 286.15M | 498.24M |
| Long-Term Debt | 69.57M | 81.8M | 314.41M | 304.93M | 657.71M | 83.83M | 0 | 75M | 92.88M | 402.61M | 430.57M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 8.28B | 7.99B | 34.49M | 39.4M | 40.65M | 25.75M | 50.93M | 56.41M | 47.94M | 61.38M | 0 |
| Total Current Liabilities | 0 | 9.26M | 7.18B | 7.01B | 6.6B | 6.36B | 5.34B | 4.64B | 4.11B | 3.23B | 2.23B |
| Total Non-Current Liabilities | 8.36B | 8.08B | 368.63M | 374.97M | 739.13M | 157.75M | 104.1M | 193.81M | 140.81M | 463.99M | 3.7B |
| Total Liabilities | 8.36B | 8.08B | 7.55B | 7.39B | 7.33B | 6.51B | 5.44B | 4.83B | 4.25B | 3.7B | 3.7B |
| Total Equity | 807.57M | 794.46M | 707.65M | 585.36M | 508.95M | 563.88M | 535.82M | 490.54M | 439.37M | 344.07M | 341.11M |
| Equity Growth % | 49.75% | 12.27% | 20.89% | 15.01% | -9.74% | 5.24% | 9.23% | 11.65% | 27.7% | 0.87% | - |
| Equity / Assets (Capital Ratio) | 8.81% | 8.96% | 8.57% | 7.34% | 6.49% | 7.97% | 8.96% | 9.21% | 9.38% | 8.51% | 8.44% |
| Return on Equity (ROE) | 13.37% | 13.91% | 16.46% | 16.08% | 15.19% | 9.63% | 9% | 10.15% | 11.4% | 1.78% | 3.1% |
| Book Value per Share | 26.79 | 26.24 | 22.87 | 19.01 | 16.32 | 17.89 | 17.16 | 15.23 | 14.34 | 10.83 | 11.40 |
| Tangible BV per Share | 26.33 | 25.79 | 22.41 | 18.52 | 15.80 | 17.35 | 16.57 | 14.62 | 13.66 | 10.83 | 11.40 |
| Common Stock | 315K | 312K | 308K | 307K | 307K | 311K | 310K | 315K | 318K | 281K | 14.03M |
| Additional Paid-in Capital | 294.46M | 294.13M | 288.66M | 288.23M | 286.95M | 297.98M | 300.99M | 305.74M | 308.68M | 243.77M | 230.02M |
| Retained Earnings | 587.32M | 567.27M | 480.14M | 388.03M | 330.27M | 260.05M | 217.21M | 181.13M | 142.23M | 99.51M | 93.13M |
| Accumulated OCI | -36.59M | -32.09M | -58.64M | -86M | -108.71M | 5.41M | 17.18M | 3.23M | -11.99M | -6.32M | -2.9M |
| Treasury Stock | -37.94M | -35.16M | -2.82M | -5.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.7M | 6.7M |
NYC Commercial Real Estate
According to recent balance sheet data, AMAL's total assets grew to $9.2 billion in 2026Q1, driven primarily by a strategic expansion of the investment securities portfolio, which reached $8.9 billion, suggesting a shift toward liquid, interest-earning assets rather than aggressive expansion of the core loan book.
The bank appears to be prioritizing liquidity and yield management over traditional loan growth, likely as a defensive measure against regional economic uncertainty. This trajectory suggests management is positioning the balance sheet to capture interest income while maintaining flexibility to pivot if credit conditions in the New York metropolitan area deteriorate.
As reported in financial statements, the bank maintained a consistent equity-to-assets ratio of 0.09 throughout early 2026, indicating that capital accumulation has kept pace with the bank's asset growth, thereby preserving a stable regulatory capital buffer for potential future volatility in the credit environment.
The stability of the equity-to-assets ratio suggests a disciplined approach to capital management that avoids excessive leverage. Investors should monitor whether this capital base remains sufficient to absorb potential losses from the bank's concentrated exposure to multi-family and commercial real estate, particularly if regulatory requirements tighten further.
Based on the latest quarterly filings, the bank's liquidity profile is heavily weighted toward investment securities, which comprised $8.9 billion of the $9.2 billion total asset base in 2026Q1, reflecting a reliance on marketable instruments to manage short-term funding needs rather than holding significant cash reserves.
This heavy concentration in securities suggests that the bank's liquidity is sensitive to market price fluctuations, which could impact the balance sheet if interest rates remain volatile. While this provides a ready source of contingent funding, it also implies that the bank's liquidity position is inherently tied to the performance of its fixed-income portfolio.
Analysis of the balance sheet reveals that investment securities account for nearly 97% of total assets as of 2026Q1, a highly unusual concentration for a regional bank that warrants further investigation into the duration and credit quality of these holdings relative to the bank's core deposit base.
This extreme skew toward securities suggests a potential duration mismatch if the bank's institutional deposits prove less sticky than anticipated during a liquidity event. The lack of a traditional, diversified loan-to-deposit profile may indicate that the bank is operating more as a specialized investment vehicle than a traditional commercial lender.
Quick answers to the most common questions about buying AMAL stock.
As of 2025, Amalgamated Financial Corp. (AMAL) had total assets of $8.87B including $118.3M in current assets.
Amalgamated Financial Corp. (AMAL) carries total debt of $94.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Amalgamated Financial Corp. (AMAL) has total shareholders' equity (book value) of $794.5M ($26.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Amalgamated Financial Corp. (AMAL) reported a current ratio of 12.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.