$AMAL Amalgamated Bank gets super loyal, low-cost deposits because they cater to labor unions and progressive groups who care way more about banking with a B Corp than chasing the highest interest rates.
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Stock Price: $47.13 • 10/19/26
Amalgamated Financial (AMAL) provides banking services to unions, nonprofits and political organizations.
Political deposits rose 11.4% to $2.1 billion in the second quarter, ahead of November's midterm elections. Higher loan and securities income helped net interest income grow 7.4% from the previous quarter.
With a market cap of approximately $1.4 billion, AMAL trades at approximately 12x annualized first-half reported profit. Its October 22 report could draw attention if deposit growth sustains earnings. Lower loan-loss provisions helped the latest quarter; problem property loans and post-election withdrawals remain risks.
Opinion: AMAL appears potentially undervalued if its political and nonprofit banking franchise sustains earnings growth through election-season deposit swings.
Daily closes 路 through Oct 16, 2026 路 Yahoo Finance
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$AMAL Amalgamated Bank gets super loyal, low-cost deposits because they cater to labor unions and progressive groups who care way more about banking with a B Corp than chasing the highest interest rates.