AMALAmalgamated Financial Corp.
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.5B
- Employees
- 450
- Net debt / EBITDA
- —
- −$168M net debt
- AI in 10-K
- 1.4
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo130% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo36% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.4 per 10K words · 43rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.5B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$84M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $53M | $81M | $88M | $106M | $104M | 1.9% |
| Operating cash flow | $71M | $147M | $117M | $124M | $136M | 9.4% |
| Capex | $2M | $2M | $1M | $2M | $1M | 22% |
| Stock-based comp | $2M | $3M | $5M | $6M | $7M | 25% |
| Buybacks | $3M | $12M | $8M | $1M | $32M | 2762% |
| Dividends | $10M | $11M | $12M | $14M | $17M | 21% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $84M · 56
- Net
- −$84M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 256 | 153 |
| FY2024 | — | — | 262 | 143 |
| FY2023 | — | — | 208 | 127 |
| FY2022 | — | — | 174 | 127 |
| FY2021 | — | — | 124 | 137 |