Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Amalgamated Financial Corp. (NASDAQ:AMAL), a $916 million market cap financial institution currently trading at an attractive P/E ratio of 8.85, disclosed the outcomes of its recent Annual Meeting of Stockholders, held on May 21, 2025, in a regulatory filing today. Key decisions included the election of directors, an advisory vote on executive compensation, and ratification of the company’s independent auditor for the current fiscal year.
The meeting saw a strong turnout, with approximately 91.22% of the outstanding shares represented in person or by proxy. In total, 11 directors were elected to serve until the 2026 Annual Meeting. The detailed voting results for each director were reported, showing majority support for all nominees. According to InvestingPro analysis, AMAL maintains a GREAT financial health score, with strong profitability metrics and consistent revenue growth of 7.14% over the last twelve months.
Stockholders also participated in a non-binding advisory vote, commonly referred to as "say-on-pay," to approve the compensation of the company’s named executive officers. The proposal passed with a significant majority.
Additionally, the stockholders ratified the appointment of Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. This decision was also met with substantial approval.
The filing, based on a press release statement, provides transparency regarding the company’s governance and shareholder engagement. It ensures that investors and the public are informed about the decisions made by the stockholders of Amalgamated Financial Corp. The company has demonstrated commitment to shareholder returns through three consecutive years of dividend increases, currently offering a 1.87% yield. For deeper insights into AMAL’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Amalgamated Bank reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.88, compared to the projected $0.79. However, the bank’s revenue fell short, reporting $76.98 million against a forecast of $78.05 million. Despite the mixed results, the company remains confident in its full-year guidance, anticipating modest balance sheet growth and an expansion in net interest margin. The bank has also authorized a new $40 million share repurchase program, signaling a strong capital position. Analysts have not issued any recent upgrades or downgrades for Amalgamated Bank, but the institution continues to focus on its core businesses, particularly clean energy projects. The bank’s political deposits grew by 11% in the quarter, reflecting a robust deposit gathering performance. Additionally, Amalgamated Bank is planning a move to a new headquarters in New York City by mid-2026, indicating long-term investment in its infrastructure and talent.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.