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Amalgamated Financial (Amalgamated Financial) Net Interest Margin (Bank Only) % : 3.58% (As of Dec. 2023)


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What is Amalgamated Financial Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Amalgamated Financial's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $269.3 Mil. Amalgamated Financial's average earning assets for the quarter that ended in Dec. 2023 was $7,524.9 Mil. Therefore, Amalgamated Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 3.58%.


Amalgamated Financial Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Amalgamated Financial's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Amalgamated Financial Net Interest Margin (Bank Only) % Chart

Amalgamated Financial Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 3.57 3.39 2.88 3.45 3.48

Amalgamated Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.62 3.40 3.42 3.58 3.56

Competitive Comparison of Amalgamated Financial's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Amalgamated Financial's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Amalgamated Financial's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Amalgamated Financial's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Amalgamated Financial's Net Interest Margin (Bank Only) % falls into.



Amalgamated Financial Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Amalgamated Financial's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=261.311/( (7448.445 + 7577.321)/ 2 )
=261.311/7512.883
=3.48 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=25.754 + 4068.914 + 3353.777
=7448.445

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=50 + 4347.445 + 3179.876
=7577.321

Amalgamated Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=269.276/( (7472.429 + 7577.321)/ 2 )
=269.276/7524.875
=3.58 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 4299.119 + 3173.31
=7472.429

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=50 + 4347.445 + 3179.876
=7577.321

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Amalgamated Financial  (NAS:AMAL) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Amalgamated Financial Net Interest Margin (Bank Only) % Related Terms

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Amalgamated Financial (Amalgamated Financial) Business Description

Traded in Other Exchanges
Address
275 Seventh Avenue, New York, NY, USA, 10001
Amalgamated Financial Corp is a bank holding company. It is a full-service commercial bank and a chartered trust company. It provides commercial banking and trust services nationally and offers a range of products and services to commercial and retail customers. It offers a complete suite of commercial and retail banking, investment management, and trust and custody services.
Executives
Finser Mark director 275 SEVENTH AVE., NEW YORK NY 10001
Jason Darby officer: Executive VP 275 SEVENTH AVE., NEW YORK NY 10001
Sam D. Brown officer: Executive VP 275 SEVENTH AVE., NEW YORK NY 10001
Amalgamated Financial Corp. 10 percent owner, other: Workers United 275 SEVENTH AVE., NEW YORK NY 10001
Mandy Tenner officer: Executive VP, General Counsel 275 SEVENTH AVE., NEW YORK NY 10001
Sean Searby officer: EVP, Operations & Program Mgmt 275 SEVENTH AVENUE, NEW YORK NY 10001
Tyrone Graham officer: EVP, Chief HR Officer 275 7TH AVENUE, NEW YORK NY 10001
Maryann Bruce director C/O MBIA INC., 113 KING STREET, ARMONK NY 10504
Ina Narula officer: EVP, Chief Risk Officer 275 7TH AVENUE, NEW YORK NY 10001
Leslie Veluswamy officer: Executive Vice President & CAO 300 CADMAN PLAZA WEST, 8TH FLOOR, BROOKLYN NY 11201
Ronald W Burkle 10 percent owner
Yucaipa Corporate Initiatives Fund Ii Lp 10 percent owner 9130 West Sunset Boulevard, Los Angeles CA 90069
Yucaipa Corporate Initiatives (parallel) Fund Ii Lp 10 percent owner 9130 West Sunset Boulevard, Los Angeles CA 90069
Meredith Miller director 275 SEVENTH AVE., NEW YORK NY 10001
Margaret Matilda Lanning officer: EVP, Chief Credit Risk Officer 275 7TH AVENUE, NEW YORK NY 10001