Amalgamated Financial (Amalgamated Financial) Allowance For Loans And Lease Losses : $-64.4 Mil (As of Mar. 2024)

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What is Amalgamated Financial Allowance For Loans And Lease Losses?

Amalgamated Financial's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-64.4 Mil.

Amalgamated Financial's quarterly Allowance For Loans And Lease Losses increased from Sep. 2023 ($-67.8 Mil) to Dec. 2023 ($-65.7 Mil) and increased from Dec. 2023 ($-65.7 Mil) to Mar. 2024 ($-64.4 Mil).

Amalgamated Financial's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-35.9 Mil) to Dec. 2022 ($-45.0 Mil) and declined from Dec. 2022 ($-45.0 Mil) to Dec. 2023 ($-65.7 Mil).

Amalgamated Financial Allowance For Loans And Lease Losses Historical Data

The historical data trend for Amalgamated Financial's Allowance For Loans And Lease Losses 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.

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Amalgamated Financial Allowance For Loans And Lease Losses Chart

Amalgamated Financial Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-33.85

-41.59

-35.87

-45.03

-65.69

Amalgamated Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-67.32	-67.43	-67.82	-65.69	-64.40

Amalgamated Financial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Amalgamated Financial Allowance For Loans And Lease Losses Related Terms

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Amalgamated Financial (Amalgamated Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Amalgamated Financial Corp (NAS:AMAL) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

A0B0:Germany

Address

275 Seventh Avenue, New York, NY, USA, 10001

Website

https://www.amalgamatedbank.com

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