Amalgamated Financial Corp. (AMAL) financial statements (2022 and earlier)

Company profile

Business Address 275 SEVENTH AVE.
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33039
Cash and cash equivalents33039
Total current assets:33039
Noncurrent Assets
Operating lease, right-of-use asset3336
Property, plant and equipment1213
Long-term investments and receivables712
Long-term investments712
Intangible assets, net (including goodwill)2124
Goodwill1313
Intangible assets, net (excluding goodwill)811
Deferred income tax assets2736
Total noncurrent assets:100121
Other undisclosed assets6,6485,819
TOTAL ASSETS:7,0785,979
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,5145,443
Total liabilities:6,5145,443
Stockholders' equity
Stockholders' equity attributable to parent564536
Common stock00
Additional paid in capital298301
Accumulated other comprehensive income517
Retained earnings260217
Stockholders' equity attributable to noncontrolling interest00
Total stockholders' equity:564536
TOTAL LIABILITIES AND EQUITY:7,0785,979

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
Revenues127147
Net investment income124143
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (25)
Gross profit:127122
Operating expenses(47)(50)
Other operating income, net
(Noninterest Income, Other Operating Income)
12
Operating income:8074
Nonoperating income23
Losses on sales of other real estate(0)(0)
Bank owned life insurance income23
Interest and debt expense(6)(10)
Other undisclosed loss from continuing operations before equity method investments, income taxes(5)(4)
Income from continuing operations before equity method investments, income taxes:7162
Income from equity method investments 7
Income from continuing operations before income taxes:7169
Income tax expense(18)(16)
Income before gain (loss) on sale of properties:5354
Other undisclosed net loss (7)
Net income attributable to parent:5346
Preferred stock dividends and other adjustments(0)(0)
Net income available to common stockholders, diluted:5346

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net income:5346
Other comprehensive income (loss)(12)14
Comprehensive income, net of tax, attributable to parent:4160

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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