Amalgamated Financial Corp 2025年度报告

ANNUAL REPORT Since early 2021, our managementteam has executed on a clear thesis:our bank will deliver strong financialperformance and shareholder returnsthrough meaningful, positive impactin communities. We are using data and digital tools to strengthen relationshipmanagement so our teams can spend more time as trusted financialadvisors. Our digital modernization strategy is designed to improvecustomer experience, enhance collaboration across our workforceand scale both our operations and our impact. To Shareholders, Partners and Colleagues: As we close 2025, I am reflecting on a year in which AmalgamatedBank delivered strong financial performance, meaningful impactand disciplined growth. While our model faced a true test of itsresilience, we still expanded and deepened our franchise whilestaying true to our mission, proving once again that a values-aligned business model can create durable value for our clients,communities and shareholders. At the same time, we continued investing in our people, our cultureand our leadership. This important work is never done, as we buildthe leadership and workforce our clients and communities willneed in the future. This work supports our broader transformationagenda: aligning people, processes, technology and controls so thatfinancial performance, impact objectives, risk management andclimate commitments all work together for growth. Since early 2021, our management team has executed on aclear thesis: our bank will deliver strong financial performanceand shareholder returns through meaningful, positive impact incommunities. We constantly remind ourselves that Amalgamatedwas founded by and for changemakers—everyday workers whobuilt this country and continue to move it forward. Our 2025 resultsshow that we have upheld their legacy. We deliberately focused ourbusiness on the client segments, business sectors, and geographieswhere our expertise allows us to perform and drive change. In 2026, the Board and leadership team will reach our fifth yeartogether and I see an opportunity to build on this foundation andmove boldly into the future. The results we have delivered enableus to set higher aspirations for the next five: expanding access tovalues-aligned financing; supporting proven and innovative effortsto address climate risk, inequality and injustice; and growing in away that makes our balance sheet an even more powerful engine forearnings and inclusive prosperity. To our shareholders, thank you for backing a vision that insistsperformance and purpose thrive together. Our financial performance demonstrates an integrated platformgrowing with discipline—connecting our core deposit franchise,targeted lending strategies, risk appetite, impact goals and capitalstrength into one coherent model. Since joining1, the managementteam has grown core EPS 126%, Tier 1 Leverage by 17% and totaldeposits almost 69%, showing our high profitability standards,strong capital foundation and enduring deposit relationships. Morerecently, in 2025, our strategic focus on expanding our commercial& industrial and multifamily loan portfolio has resulted in 10% year-over-year growth, while maintaining a prudent risk posture (only0.32% nonperforming assets as a percentage of total assets). Ourresults demonstrate continued high performance, resiliency andcommunity impact and confirm that a more focused balance sheetand client strategy can be a powerful engine for sustainable growth. To our customers and partners, thank you for choosing a bank thatstands with you in building more just, sustainable and resilientcommunities. To our employees, thank you for your dedication, creativity andcare—your work is the bridge between our values and our results,and the foundation of the culture and accountability that will carryAmalgamated into its next chapter. We continue to deepen relationships in our core segments andmodernize how we serve clients. In 2025, we adopted newtechnologies across the bank to better understand customer needs,foster more effective engagement and solve problems in real time. Priscilla Sims BrownPresident & CEO UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 ☒ For the fiscal year ended December 31, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For transition period fromtoCommission File Number: 001-40136 Amalgamated Financial Corp. (Exact name of registrant as specified in its charter) 85-2757101 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 275 Seventh Avenue, New York, NY10001(Address of principal executive offices) (Zip Code) (212) 255-6200(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the