Amalgamated Financial (Amalgamated Financial) Scaled Net Operating Assets : -0.11 (As of Mar. 2024)

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What is Amalgamated Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Amalgamated Financial's operating assets for the quarter that ended in Mar. 2024 was $6,453.4 Mil. Amalgamated Financial's operating liabilities for the quarter that ended in Mar. 2024 was $7,352.8 Mil. Amalgamated Financial's Total Assets for the quarter that ended in Dec. 2023 was $7,972.3 Mil. Therefore, Amalgamated Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.11.

Amalgamated Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Amalgamated Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(7881.754	-	7051.387)	/	7843.124
=	0.11

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7972.324	-	90.57
=	7881.754

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7386.96	-	335.573	-	0
=	7051.387

Amalgamated Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(6453.427	-	7352.789)	/	7972.324
=	-0.11

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8136.682	-	1683.255
=	6453.427

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7519.744	-	166.955	-	0
=	7352.789

* 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 (Amalgamated Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Amalgamated Financial Corp (NAS:AMAL) » Definitions » Scaled Net Operating Assets

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