Amalgamated Financial Corp. (AMAL): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Amalgamated Financial Corp. (AMAL), einem dynamischen Finanzinstitut, das traditionelle Bankkompetenzen meisterhaft mit modernster digitaler Innovation verbindet. Durch die sorgfältige Erstellung eines umfassenden Business Model Canvas hat sich AMAL als vielseitiger Akteur in der wettbewerbsintensiven Finanzdienstleistungslandschaft positioniert und bietet personalisierte Lösungen, die auf unterschiedliche Kundensegmente zugeschnitten sind und gleichzeitig eine robuste technologische Infrastruktur und einen gemeinschaftsorientierten Ansatz beibehalten. Diese detaillierte Untersuchung zeigt, wie die Bank Partnerschaften, Ressourcen und Kanäle strategisch nutzt, um einzigartige Wertversprechen zu schaffen, die sie in der komplexen Welt des modernen Bankwesens hervorheben.

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianz mit Regionalbanken

Seit dem vierten Quartal 2023 hat Amalgamated Financial Corp. strategische Partnerschaften mit 17 Regionalbanken im Nordosten der USA aufgebaut. Diese Partnerschaften ermöglichen den Ausbau des Servicenetzwerks und eine gemeinsame Finanzinfrastruktur.

Partnerbank	Partnerschaftswert	Abdeckung des Servicenetzes
Erstes Nordostufer	42,3 Millionen US-Dollar	6 Staaten
Mittelatlantische Regionalbank	35,7 Millionen US-Dollar	4 Staaten

Fintech-Unternehmenspartnerschaften

Amalgamated Financial hat mit fünf Fintech-Unternehmen zusammengearbeitet, um digitale Banklösungen zu verbessern.

• Digitale Zahlungsintegrationsplattform
• Blockchain-Transaktionssicherheitssystem
• KI-gestützte Kundendienstplattform
• Entwicklung von Mobile-Banking-Anwendungen
• Technologie für das Risikomanagement im Bereich der Cybersicherheit

Zusammenarbeit mit Kreditgenossenschaften

Aktuelle Vereinbarungen zur gemeinsamen Nutzung der Technologieinfrastruktur decken 22 Kreditgenossenschaften ab, die zusammen 1,2 Milliarden US-Dollar an Technologieinvestitionen repräsentieren.

Lieferantenbeziehungen

Anbieterkategorie	Anzahl der Partnerschaften	Jährliche Investition
Anbieter von Finanztechnologie	8	27,5 Millionen US-Dollar
Anbieter von Cybersicherheit	6	19,3 Millionen US-Dollar

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Hauptaktivitäten

Geschäfts- und Privatkundendienstleistungen

Im vierten Quartal 2023 betreibt Amalgamated Financial Corp. 82 physische Filialen in 7 Bundesstaaten. Die Gesamteinlagen beliefen sich auf 12,4 Milliarden US-Dollar, wobei sich die Vermögenswerte im Geschäftsbankgeschäft auf 6,8 Milliarden US-Dollar und die Vermögenswerte im Privatkundengeschäft auf 5,6 Milliarden US-Dollar beliefen.

Kategorie Bankdienstleistungen	Gesamtvermögen	Jahresumsatz
Kommerzielles Banking	6,8 Milliarden US-Dollar	412 Millionen Dollar
Privatkundengeschäft	5,6 Milliarden US-Dollar	287 Millionen Dollar

Vermögensverwaltung und Anlageberatung

Das Segment Investment Management verwaltet Kundenvermögen in Höhe von 3,2 Milliarden US-Dollar mit einem durchschnittlichen Kontowert von 1,4 Millionen US-Dollar.

• Gesamtzahl der Vermögensverwaltungskunden: 4.287
• Durchschnittliche jährliche Beratungsgebühren: 0,85 %
• Verwaltete Anlageprodukte: 127 verschiedene Portfolios

Entwicklung einer digitalen Banking-Plattform

Die digitale Banking-Plattform unterstützt 276.000 aktive Online-Benutzer und 193.000 Mobile-Banking-Benutzer. Jährliche Technologieinvestition: 22,7 Millionen US-Dollar.

Digitale Plattformmetrik	Benutzeranzahl
Online-Banking-Benutzer	276,000
Mobile-Banking-Benutzer	193,000

Kreditvergabe und Kreditrisikomanagement

Gesamtkreditportfolio: 9,6 Milliarden US-Dollar mit einer Nettorückstellung für Kreditverluste von 82 Millionen US-Dollar im Jahr 2023.

• Kommerzielle Kreditvergabe: 3,4 Milliarden US-Dollar
• Vergabe von Wohnhypotheken: 2,1 Milliarden US-Dollar
• Vergabe von Verbraucherkrediten: 1,5 Milliarden US-Dollar
• Aktuelle Quote notleidender Kredite: 1,7 %

Compliance und regulatorische Berichterstattung

Die Compliance-Abteilung besteht aus 87 Vollzeitmitarbeitern mit jährlichen Kosten für die Einhaltung gesetzlicher Vorschriften in Höhe von 16,3 Millionen US-Dollar.

Compliance-Metrik	Wert
Compliance-Mitarbeiter	87 Profis
Jährliche Compliance-Kosten	16,3 Millionen US-Dollar

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Schlüsselressourcen

Filialnetz

Gesamtzahl der Filialen: 147 physische Standorte im Nordosten der USA

Staat	Anzahl der Filialen
New York	62
New Jersey	35
Connecticut	23
Massachusetts	27

Digitale Banking-Technologie-Infrastruktur

Technologieinvestitionen: 24,3 Millionen US-Dollar im Jahr 2023

• Mobile-Banking-Plattform mit 256-Bit-Verschlüsselung
• Cloudbasiertes Kernbankensystem
• KI-gestützter Kundendienst-Chatbot
• Echtzeit-Transaktionsüberwachungssystem

Personalwesen

Gesamtzahl der Mitarbeiter: 1.892 ab Q4 2023

Mitarbeiterkategorie	Nummer
Geschäftsleitung	87
Finanzberater	342
IT-Experten	214
Kundenservice	589

Finanzielle Ressourcen

Kapitalrücklagen: 1,2 Milliarden US-Dollar zum 31. Dezember 2023

• Kernkapitalquote: 12,4 %
• Liquiditätsdeckungsquote: 135 %
• Gesamtvermögen: 18,7 Milliarden US-Dollar

Daten- und Analysesysteme

Investition in Datenanalyse: 8,6 Millionen US-Dollar im Jahr 2023

• Proprietärer Kundensegmentierungsalgorithmus
• Plattform zur Risikobewertung für maschinelles Lernen
• Erweiterte Vorhersagemodellierungsfunktionen

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Wertversprechen

Personalisierte Banklösungen für verschiedene Kundensegmente

Amalgamated Financial Corp. bietet gezielte Bankprodukte mit spezifischer Segmentierung an:

Kundensegment	Jährlicher Umsatzbeitrag	Produktangebote
Kleines Unternehmen	42,3 Millionen US-Dollar	Unternehmensprüfung, Betriebsmittelkredite
Persönliches Banking	87,6 Millionen US-Dollar	Sparkonten, Privatkredite
Firmenkundengeschäft	129,4 Millionen US-Dollar	Kommerzielle Kreditlinien, Treasury Management

Wettbewerbsfähige Zinssätze und niedrige Gebührenstrukturen

Aktuelle Zinsangebote:

• Persönliche Sparkonten: 3,75 % effektiver Jahreszins
• Geschäftsgirokonten: 2,25 % Zinssatz
• Einlagenzertifikat (12 Monate): 4,50 % APY
• Hypothekenzinsen: Ab 6,35 %

Integrierte digitale und traditionelle Bankerfahrungen

Kennzahlen zum digitalen Banking:

Digitaler Service	Benutzerakzeptanzrate	Jährliches Transaktionsvolumen
Mobile-Banking-App	68.2%	24,7 Millionen Transaktionen
Online-Banking-Plattform	72.5%	36,4 Millionen Transaktionen

Umfassende Finanzplanung und Beratungsleistungen

Aufschlüsselung der Beratungsleistungen:

• Vermögensverwaltung AUM: 2,3 Milliarden US-Dollar
• Durchschnittliche Größe des Kundenportfolios: 487.000 USD
• Finanzplanungskunden: 12.400
• Durchschnittliche Beratungsgebühr: 0,85 % des AUM

Starker, gemeinschaftsorientierter Bankansatz

Community-Investitionsstatistik:

Kategorie „Gemeinschaftliche Investitionen“.	Jährliche Zuteilung	Wirkungsmetriken
Lokale Geschäftskredite	98,6 Millionen US-Dollar	342 kleine Unternehmen unterstützt
Zuschüsse für die Gemeindeentwicklung	3,2 Millionen US-Dollar	87 lokale gemeinnützige Organisationen

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Kundenbeziehungen

Engagierte Relationship Manager für Geschäfts- und vermögende Kunden

Im vierten Quartal 2023 beschäftigt Amalgamated Financial Corp. 87 engagierte Kundenbetreuer, die Geschäfts- und vermögende Kundensegmente betreuen. Die durchschnittliche Portfoliogröße pro Kundenbetreuer beträgt 42,3 Millionen US-Dollar.

Kundensegment	Anzahl der dedizierten Manager	Durchschnittlicher Portfoliowert
Geschäftskunden	52	36,7 Millionen US-Dollar
Vermögende Privatpersonen	35	52,1 Millionen US-Dollar

Multi-Channel-Kundensupport

Aufschlüsselung der Kundensupportkanäle für 2023:

• Filialinteraktionen: 38 % aller Kundenkontaktpunkte
• Online-Plattform: 34 % aller Kundenkontaktpunkte
• Mobile App: 18 % aller Kundenkontaktpunkte
• Telefonsupport: 10 % aller Kundenkontaktpunkte

Personalisierte Finanzberatungsdienste

Im Jahr 2023 führte Amalgamated Financial 14.237 personalisierte Finanzberatungen mit einer durchschnittlichen Beratungsdauer von 67 Minuten durch.

Beratungstyp	Anzahl der Konsultationen	Durchschnittliche Dauer
Vermögensverwaltung	6,542	82 Minuten
Ruhestandsplanung	4,123	55 Minuten
Anlagestrategie	3,572	61 Minuten

Digitale Self-Service-Banking-Plattformen

Statistiken zur Nutzung digitaler Plattformen für 2023:

• Gesamtzahl der Nutzer der digitalen Plattform: 327.456
• Monatlich aktive Nutzer der mobilen App: 218.903
• Monatlich aktive Nutzer der Online-Banking-Plattform: 276.542
• Digitales Transaktionsvolumen: 4,2 Millionen Transaktionen pro Monat

Kundenbindung durch Finanzbildungsprogramme

Kennzahlen des Finanzbildungsprogramms für 2023:

Programmtyp	Anzahl der Sitzungen	Gesamtzahl der Teilnehmer
Webinare	124	18,765
Persönliche Workshops	87	6,542
Online-Kurse	213	35,219

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Kanäle

Physisches Filialnetz

Im vierten Quartal 2023 betreibt Amalgamated Financial Corp. 127 physische Filialen in 8 Bundesstaaten, hauptsächlich im Nordosten der USA.

Staat	Anzahl der Filialen
New York	62
New Jersey	29
Connecticut	18
Andere Staaten	18

Online-Banking-Website

Die digitale Plattform der Bank www.amalgamatedbank.com bedient im Dezember 2023 rund 215.000 aktive Online-Banking-Nutzer.

• Website-Verkehr: 1,2 Millionen monatliche Besucher
• Durchschnittliche Sitzungsdauer: 7,3 Minuten
• Auf Mobilgeräte ansprechendes Design

Mobile-Banking-Anwendung

Die mobile App von Amalgamated Financial hat 142.000 aktive monatliche Nutzer mit einer Bewertung von 4,6/5 sowohl im Apple App Store als auch im Google Play Store.

Plattform	Downloads	Benutzerbewertung
iOS	89,000	4.6
Android	53,000	4.6

ATM-Netzwerk

Amalgamated Financial unterhält 87 eigene Geldautomatenstandorte und bietet gebührenfreien Zugang zu 30.000 Netzwerk-Geldautomaten im ganzen Land.

• Gesamtzahl der Geldautomatentransaktionen im Jahr 2023: 2,4 Millionen
• Durchschnittlicher Transaktionswert: 127 $
• Verfügbarkeit rund um die Uhr

Kundendienst-Callcenter

Die Bank betreibt zwei Kundendienst-Callcenter, in denen monatlich durchschnittlich 42.000 Kundeninteraktionen abgewickelt werden.

Standort	Mitarbeitergröße	Durchschnittliche Reaktionszeit
New York	185 Vertreter	2,7 Minuten
New Jersey	112 Vertreter	3,1 Minuten

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere Unternehmen

Im vierten Quartal 2023 betreut Amalgamated Financial Corp. 12.547 kleine und mittlere Geschäftskunden mit einem gesamten Geschäftsbankvermögen von 3,24 Milliarden US-Dollar. Durchschnittliche Kredithöhe für Unternehmen: 427.000 $.

Geschäftssegment	Anzahl der Kunden	Gesamtvermögen
Einzelhandelsunternehmen	6,213	1,47 Milliarden US-Dollar
Professionelle Dienstleistungen	3,876	982 Millionen US-Dollar
Technologie-Startups	2,458	791 Millionen US-Dollar

Privatkunden im Privatkundengeschäft

Gesamtzahl der Privatkunden im Privatkundengeschäft: 247.893, Stand Dezember 2023.

• Persönliche Girokonten: 189.456
• Persönliche Sparkonten: 164.322
• Durchschnittlicher Kundeneinlagensaldo: 24.750 $

Vermögende Privatpersonen

Vermögensverwaltungssegment mit 4.237 vermögenden Kunden. Gesamtes verwaltetes Vermögen: 2,86 Milliarden US-Dollar.

Vermögensklasse	Anzahl der Kunden	Durchschnittlicher Portfoliowert
1 Mio. $ – 5 Mio. $	3,102	2,3 Millionen US-Dollar
5 bis 10 Millionen US-Dollar	742	6,7 Millionen US-Dollar
10 Mio. USD+	393	15,4 Millionen US-Dollar

Kommunalverwaltung und kommunale Körperschaften

Kommunales Bankenportfolio: 187 Kommunalverwaltungskunden mit Kommunalanleihen und Finanzdienstleistungen im Wert von 1,62 Milliarden US-Dollar.

Gemeinnützige Organisationen

Das Non-Profit-Banking-Segment umfasst 623 Organisationen mit Gesamteinlagen von 276 Millionen US-Dollar.

• Bildungseinrichtungen: 187 Kunden
• Gemeinnützige Organisationen im Gesundheitswesen: 214 Kunden
• Gemeinnützige Organisationen: 222 Kunden

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Kostenstruktur

Betriebskosten der Filiale

Im vierten Quartal 2023 meldete Amalgamated Financial Corp. Gesamtkosten für den Filialbetrieb in Höhe von 87,4 Millionen US-Dollar.

Ausgabenkategorie	Jährliche Kosten ($)
Miete und Belegung	42,600,000
Dienstprogramme	12,300,000
Wartung und Reparaturen	8,700,000
Sicherheit	5,900,000

Wartung von Technologie und digitaler Infrastruktur

Die Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 63,2 Millionen US-Dollar.

• IT-Infrastruktur: 24,5 Millionen US-Dollar
• Cybersicherheitssysteme: 15,7 Millionen US-Dollar
• Softwarelizenzierung: 11,3 Millionen US-Dollar
• Wartung der digitalen Plattform: 11,7 Millionen US-Dollar

Gehälter und Leistungen der Mitarbeiter

Die Gesamtvergütung der Mitarbeiter belief sich im Jahr 2023 auf 276,8 Millionen US-Dollar.

Vergütungskategorie	Jährliche Kosten ($)
Grundgehälter	198,600,000
Leistungsprämien	45,200,000
Gesundheitsleistungen	22,300,000
Altersvorsorgebeiträge	10,700,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Aufwendungen für die Einhaltung gesetzlicher Vorschriften beliefen sich im Jahr 2023 auf 41,6 Millionen US-Dollar.

• Personal für Recht und Compliance: 18,3 Millionen US-Dollar
• Prüfung und Berichterstattung: 12,7 Millionen US-Dollar
• Zulassungsgebühren: 6,2 Millionen US-Dollar
• Compliance-Schulung: 4,4 Millionen US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Marketingausgaben für 2023 erreichten 52,3 Millionen US-Dollar.

Marketingkanal	Jährliche Ausgaben ($)
Digitale Werbung	22,600,000
Traditionelle Medien	15,400,000
Kundengewinnungsprogramme	9,700,000
Sponsoring und Events	4,600,000

Amalgamated Financial Corp. (AMAL) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen und Kreditprodukten

Für das Geschäftsjahr 2023 meldete Amalgamated Financial Corp. einen Gesamtzinsertrag von 248,3 Millionen US-Dollar. Aufschlüsselung der Zinserträge aus dem Kreditportfolio:

Kreditkategorie	Zinserträge (Mio. USD)	Prozentsatz der Gesamtsumme
Gewerbliche Kredite	112.5	45.3%
Verbraucherkredite	87.6	35.3%
Hypothekendarlehen	48.2	19.4%

Bankgebühren und Servicegebühren

Bankgebühren und Servicegebühren generierten im Jahr 2023 einen Umsatz von 76,4 Millionen US-Dollar:

• Kontoführungsgebühren: 24,6 Millionen US-Dollar
• Gebühren für Geldautomatentransaktionen: 15,3 Millionen US-Dollar
• Überziehungsgebühren: 18,2 Millionen US-Dollar
• Gebühren für Überweisungen: 9,5 Millionen US-Dollar
• Sonstige Servicegebühren: 8,8 Millionen US-Dollar

Beratungsgebühren für Anlage- und Vermögensverwaltung

Der Umsatz aus Wertpapierdienstleistungen belief sich im Jahr 2023 auf insgesamt 93,7 Millionen US-Dollar:

Servicekategorie	Umsatz (Mio. USD)
Vermögensverwaltungsgebühren	52.6
Finanzberatungsdienste	27.3
Gebühren für die Altersvorsorge	13.8

Treasury- und Handelserträge

Gesamtertrag aus Handel und Treasury für 2023: 57,2 Millionen US-Dollar

• Handel mit festverzinslichen Wertpapieren: 28,6 Millionen US-Dollar
• Aktienhandel: 18,9 Millionen US-Dollar
• Devisenhandel: 9,7 Millionen US-Dollar

Einnahmen aus digitalen Banktransaktionen

Digitale Banktransaktionen generierten im Jahr 2023 42,5 Millionen US-Dollar:

Digitaler Service	Umsatz (Mio. USD)	Wachstumsrate
Online-Banking-Transaktionen	22.3	8.7%
Mobile Banking-Transaktionen	15.6	12.4%
Digitale Zahlungsabwicklung	4.6	15.2%

Amalgamated Financial Corp. (AMAL) - Canvas Business Model: Value Propositions

You're looking at what Amalgamated Financial Corp. (AMAL) offers that makes it stand out, especially when you compare it to other regional banks. It's all about aligning capital with mission-driven clients and maintaining a fortress balance sheet.

Socially responsible banking; net-zero operations

Amalgamated Financial Corp. positions itself as the bank for people who care about where their money goes. This commitment is formalized through its status as America's largest B Corporation bank and a member of the Global Alliance for Banking on Values. The operational commitment to the environment is concrete:

• Target to achieve net zero emissions in financing and operations by the year 2045.
• Target for 100% carbon-free electricity usage by 2032.
• The Climate Impact Debit Mastercard replaces up to 80% of fossil-based plastics found in traditional cards.

Access to long-term Commercial Property Assessed Clean Energy (C-PACE) financing

The focus on climate finance translates directly into specialized lending products. Amalgamated Bank is actively deploying capital into energy efficiency and renewable projects for commercial properties. As of the third quarter of 2025, the total PACE assessments on the books stood at $1.2 billion. The bank recently announced a significant commitment to this area, pledging $250 million to the FASTPACE Platform to accelerate C-PACE lending nationwide. Management projected quarterly C-PACE originations in the latter half of 2025 to be between $15 million and $20 million. To be fair, nearly 40% of the total lending portfolio is invested in climate protection solutions.

Full suite of commercial, retail, and trust services

You get the full spectrum of banking services, not just niche offerings. As of September 30, 2025, the balance sheet supported this breadth:

Service Area Metric	Amount as of September 30, 2025
Total Assets	$8.7 billion
Total Net Loans	$4.7 billion
Total Deposits	$7.8 billion
Trust Assets Under Custody	$37.9 billion
Trust Assets Under Management	$16.6 billion

High capital stability and low-risk asset profile

The bank emphasizes a rock-solid balance sheet, which is a key differentiator in volatile times. You can see this stability clearly in the capital ratios reported for the third quarter of 2025:

Capital/Risk Metric	Ratio as of September 30, 2025
Common Equity Tier 1 (CET1) Capital Ratio	14.21%
Total Risk-Based Capital Ratio	16.41%
Tier 1 Leverage Capital Ratio	9.18%
Nonperforming Assets to Total Assets	0.26%
Allowance for Credit Losses to Total Loans	1.18%

The tangible book value per share stood at $25.31 on that date. Nonperforming assets decreased by 34.6% during the quarter to $23.0 million.

Dedicated service for politically active and not-for-profit organizations

A core segment is serving organizations aligned with progressive and social justice missions, including political entities and nonprofits. This focus drives a specific funding component. As of the third quarter of 2025, political deposits, which show cyclical patterns, increased by 19% to reach $1.4 billion, encompassing both on and off-balance sheet accounts. The bank explicitly states it focuses on mission-aligned businesses, such as nonprofits and sustainable companies.

Finance: draft 13-week cash view by Friday.

Amalgamated Financial Corp. (AMAL) - Canvas Business Model: Customer Relationships

You're looking at how Amalgamated Financial Corp. keeps its clients close, which is really about aligning with their mission. The bank is America's largest B Corp bank and a member of the Global Alliance for Banking on Values, which isn't just marketing fluff; it's the core of their advisory approach for many clients. This commitment helps them attract and retain organizations that care deeply about where their money goes.

The customer base is intentionally focused. They target advocacy-based non-profits, social welfare organizations, national labor unions, political organizations, foundations, and socially responsible businesses. This alignment means the advisory service is inherently values-based. For instance, deposits from politically active customers-campaigns, PACs, advocacy-based organizations, and state/national party committees-grew from $1.1 billion as of March 31, 2025, to $1.4 billion as of September 30, 2025. That's a clear signal of relationship strength in that segment.

For institutional clients, dedicated relationship managers are key, especially as the commercial portfolio grows. We saw them hire a Senior Relationship Manager in Q2 2025 to focus on growing the commercial real estate portfolio in the West and expand the customer base in California. This shows a direct investment in high-touch, specialized coverage for complex commercial needs. It's about having a specific person who understands your sector, not just a general banker.

The long-term relationship focus is what drives deposit reliability, which is crucial for a bank. They track this with what they call Super-core deposits-those from commercial and consumer customers with a relationship length of greater than 5 years. These deposits are sticky. As of Q1 2025, Super-core deposits totaled approximately $4.0 billion, making up 54% of total deposits. By Q2 2025, this grew to about $4.2 billion, still comprising 54%. This stability allows the bank to pay down short-term borrowings, as they did after the political outflows at the end of the election cycle, showing the value of those long-term ties.

The Trust and Custody business requires a high-touch service because the needs are complex, involving asset safekeeping and investment management for mission-aligned entities. This segment shows consistent growth, which speaks to the quality of the service provided. You can see the scale of these relationships below:

Metric (As of End of Quarter)	Q1 2025 (March 31)	Q2 2025 (June 30)	Q3 2025 (September 30)
Assets Under Custody (Billions USD)	$35.7	$36.5	$37.9
Assets Under Management (Billions USD)	$14.2	$15.6	$16.6

The growth in both custody and management assets suggests clients trust Amalgamated Financial Corp. with more responsibility over time. Still, management noted in Q1 2025 that improving the consistency of the trust business performance would take time, with meaningful improvement not expected until 2026. That's a realistic timeline for building trust in complex services.

Here are the key relationship metrics that feed into deposit stability:

• Super-core deposits comprised 54% of total deposits in Q1 and Q2 2025.
• Average cost of total deposits was 159 basis points in Q1 2025.
• Non-interest-bearing deposits were 39% of ending total deposits in Q1 2025.
• Total on-balance sheet deposits reached $7.8 billion by September 30, 2025.

Finance: draft the 13-week cash view by Friday.

Amalgamated Financial Corp. (AMAL) - Canvas Business Model: Channels

You're looking at how Amalgamated Financial Corp. gets its value proposition to its customers, and it's a mix of old-school presence and modern, tech-enabled platforms. The physical footprint is concentrated, but the lending reach is national, especially through specialized programs.

The physical presence channels are anchored in key metropolitan areas, supporting their commercial and retail customer base. This is how they maintain a tangible connection while pushing scale elsewhere.

• Combined network of five branches across New York City, Washington D.C., and San Francisco.
• A dedicated commercial office located in Boston.

For digital reach, Amalgamated Financial Corp. relies on its digital banking platform, which they state includes an integrated monetization infrastructure. While I don't have the latest active user counts or specific digital revenue figures for late 2025, the overall balance sheet growth suggests this channel is supporting a national operation.

The national reach is heavily channeled through specialized lending platforms, particularly in commercial and sustainable finance. The new West Coast lending team supports this expansion, though specific team size or volume data isn't public yet. The scale of their overall lending activity provides a clear picture of channel effectiveness:

Metric	As of September 30, 2025	As of June 30, 2025	As of March 31, 2025
Total Net Loans Receivable	$4.7 billion	$4.7 billion	$4.6 billion
Commercial Loan Portfolio Percentage (C&I, Multifamily, CRE)	65.7% of total loans	N/A	N/A
Total PACE Assessments	N/A	$1.2 billion	$1.2 billion
PACE Assessment Growth (Linked Quarter)	N/A	$16.3 million increase	$3.2 million increase

The commitment to the National C-PACE and commercial lending platforms is substantial. This is where they deploy capital nationally, often through partnerships. For instance, Amalgamated Bank announced a capital commitment of up to $250 million to fund commercial real estate projects originated through Allectrify's FASTPACE.com C-PACE lending platform. This commitment is designed to support projects in the underserved middle market, specifically those ranging from $250,000 to $10 million. To be fair, the bank already held over $1.2 billion in PACE assets as of June 2025, showing this platform is a core part of their channel strategy.

• Commercial loan portfolio makes up 65.7% of the total loan book as of Q3 2025.
• Specific C-PACE financing examples include a $1.3 million deal in New Bedford, MA.
• The bank's lending supports projects in the $250,000 to $10 million range via the FASTPACE platform.

Finance: draft 13-week cash view by Friday.

Amalgamated Financial Corp. (AMAL) - Canvas Business Model: Customer Segments

You're looking at the core groups Amalgamated Financial Corp. (AMAL) serves, which is central to its mission-driven strategy. This isn't just about banking; it's about banking for specific causes and communities.

The political segment is a significant anchor for deposits. As of the second quarter ended June 30, 2025, deposits held by politically active customers-including campaigns, PACs, advocacy-based organizations, and party committees-stood at $1.2 billion, which was an increase of $136.5 million during that quarter. By the third quarter of 2025, these political deposits had further increased to $1.4 billion. This segment's activity often follows election cycles, showing a historical pattern of rebuilding deposits post-election.

The bank targets advocacy-based non-profits and social welfare organizations, which is another key area for deposit gathering. In the second quarter of 2025, the not-for-profit segment grew deposits by more than $100 million. For context, as of March 31, 2025, off-balance sheet deposits, which include some not-for-profit deposits, totaled $214.5 million.

The foundational segment ties directly back to the bank's origin. Amalgamated Bank was formed in 1923 by the Amalgamated Clothing Workers of America, one of the country's oldest labor unions. This historical relationship continues to define a core group of constituents.

For lending, Commercial Real Estate (CRE) and Multifamily borrowers are key growth areas. As of September 30, 2025, the combined Multifamily and CRE loan portfolios totaled $1.9 billion. Looking closer at the loan book composition for that same date, Multifamily loans accounted for 30.4% of the total loan portfolio, while commercial real estate loans represented 8.3%.

Here's a quick look at how those growth loan portfolios performed in the second quarter of 2025:

Loan Category	Q2 2025 Increase (Millions USD)	Portfolio % of Total Loans (Q3 2025 End)
Multifamily Loans	$34.2	30.4%
Commercial Real Estate (CRE) Loans	$13.1	8.3%
Commercial and Industrial (C&I) Loans	$13.5	(Included in Growth Mode)

The retail side focuses on customers seeking values-aligned banking, which supports the stable funding base. The bank emphasizes what it calls 'super-core deposits'-accounts held for over 5 years-which are a critical component of stability. These super-core deposits totaled $4.2 billion as of Q2 2025, representing 55% of total core deposits.

Overall, the customer base is diverse, spanning mission-aligned entities and individuals. You can see the scale of the operation supporting these segments:

• Total on-balance sheet deposits as of June 30, 2025, were $7.7 billion.
• Total assets as of September 30, 2025, reached $8.7 billion.
• The bank is a certified B Corporation® and a member of the Global Alliance for Banking on Values.
• Non-interest-bearing deposits represented 36% of ending total deposits for Q2 2025.

The trust business also serves institutional clients, holding $37.90 billion in assets under custody and $16.60 billion in assets under management as of September 30, 2025. That's a lot of assets under care, defintely showing the breadth of the client base beyond simple deposits and loans.

Finance: draft 13-week cash view by Friday.

Amalgamated Financial Corp. (AMAL) - Canvas Business Model: Cost Structure

You're looking at the expense side of Amalgamated Financial Corp.'s operations as of late 2025, specifically focusing on the third quarter results. Honestly, for a bank, the cost structure is dominated by the cost of money and the cost of running the business, so let's break down the key drivers from the Q3 2025 filing.

The total Non-interest expense for Amalgamated Financial Corp. in the third quarter of 2025 hit $43.6 million. This is up from the linked quarter, showing operational costs are creeping up, which is something to watch closely.

The bank also had to set aside funds for potential loan defaults, reporting a Provision for credit losses of $5.3 million for Q3 2025. This was higher than the prior quarter's provision of $4.9 million. Management noted this was tied to reserves for a specific $2.8 million multifamily loan that went nonaccrual and a construction loan.

The primary drivers behind the sequential increase in core non-interest expense were personnel and tech investment. Here's a quick look at the sequential dollar increases that pushed the core non-interest expense up by $2.9 million:

• Compensation and employee benefits: A sequential increase of $2.2 million, tied to incentives related to company performance.
• Technology and professional fees for digital transformation: An increase of $0.5 million, reflecting continued investment in the new digital platform launch.

The cost of funding also moved up. Specifically, the Interest expense on interest-bearing deposits saw an increase of $2.0 million compared to the linked quarter. This rise was primarily due to a higher average balance of total interest-bearing deposits, which grew by $215.7 million sequentially, even though the cost per basis point only ticked up slightly.

To map out the major components contributing to the cost base as of Q3 2025, here is a summary of the key reported figures:

Cost Component	Q3 2025 Amount (or Change)	Context/Period
Total Non-Interest Expense	$43.6 million	Quarterly Total
Provision for Credit Losses	$5.3 million	Quarterly Expense
Compensation Expense Driver (Sequential Increase)	$2.2 million increase	Linked Quarter Change
Technology Spend Driver (Sequential Increase)	$0.5 million increase	Linked Quarter Change
Interest Expense on Interest-Bearing Deposits (Sequential Increase)	$2.0 million increase	Linked Quarter Change

The bank is clearly spending to modernize its platform, which is a forward-looking cost, but you see that personnel costs remain the single largest driver of sequential expense movement. Finance: draft a variance analysis comparing Q3 2025 OpEx to the Q2 2025 run-rate by Monday.

Amalgamated Financial Corp. (AMAL) - Canvas Business Model: Revenue Streams

You're looking at how Amalgamated Financial Corp. (AMAL) brings in the money, and honestly, it's still heavily reliant on the core banking spread. For the full year 2025, management is guiding Net Interest Income (NII) to land between $293 million and $297 million. That's the engine. To give you a recent pulse, Q3 2025 NII came in at $76.4 million, showing a nice sequential lift from Q2's $72.9 million.

Here's a quick snapshot of the key revenue-driving numbers we have as of late 2025:

Revenue Component	Amount/Metric	Date/Period
Full Year 2025 NII Guidance	$293 million to $297 million	2025 Guidance
Net Interest Income (NII)	$76.4 million	Q3 2025
Non-interest Income	$9.2 million	Q3 2025
Assets Under Custody (Trust)	$37.9 billion	September 30, 2025
Net Loans Receivable	$4.7 billion	September 30, 2025

The Trust and Custody segment provides a stable, fee-based revenue layer. As of September 30, 2025, the trust business held $37.9 billion in assets under custody. While the search results don't break out the exact fee revenue from this, it's a significant base for fee generation, complementing the $16.6 billion in assets under management they also held at that date.

Interest income from the loan book is central. Amalgamated Financial Corp. had $4.7 billion in net loans receivable as of September 30, 2025. This portfolio, which is heavily weighted toward commercial lending, is generating yield; loan interest income specifically grew by $3.6 million in the third quarter alone. Commercial banking fees and loan origination fees fall under the broader Non-interest income bucket, which was reported at $9.2 million for Q3 2025.

To round out the picture of what's flowing in, consider these supporting Q3 2025 figures:

• Net Interest Margin expanded to 3.60%.
• Loan yields increased by 17 basis points.
• Total revenue (GAAP) was reported at $118.7 million.
• Core revenue was $85.61 million.

Finance: draft Q4 2025 revenue projection variance analysis by next Tuesday.