Updated
The most significant concentration Amalgamated Financial discloses is New York, California, and Washington, D.C. at 82.4%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Amalgamated Financial’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'at December 31, 2025, 82.4% of the properties securing our CRE, multifamily, or construction loans outstanding were located in the states of New York and California, and in Washington, D.C.'”
“10-K Item 1A: 'At December 31, 2025, our total multifamily loan exposure in New York State is approximately $1.01 billion, of which approximately $821.5 million, or 81%, represents our portfolio’s composition of rent stabilized and rent controlled apartments in the New York City multifamily market.'”
“10-K Item 1A: 'The majority of our loan portfolio is secured by real estate, 33.2% of which is multifamily and 7.3% of which is commercial real estate.'”
Amalgamated Financial's concentration risk is concentrated in real estate lending within a narrow geographic band. As of December 31, 2025, 82.4% of the properties securing the company's CRE, multifamily, or construction loans were located in New York, California, and Washington, D.C. — a high-share, structural geographic exposure. Within that footprint, the multifamily book carries its own idiosyncratic layer: approximately 81% of the New York State multifamily loan exposure represents rent-stabilized and rent-controlled NYC apartments, a segment subject to specific rent-regulation policy risk rather than pure market dynamics. More broadly, multifamily loans make up 33.2% of the total loan portfolio, a medium-share structural exposure. These three claims compound: the geographic concentration sets the stage, the multifamily share defines how much of the book is in this asset class, and the rent-stabilization detail shows that a large portion of that multifamily exposure is additionally sensitive to regulatory rather than purely economic conditions. Policy changes affecting NYC rent regulation are therefore a more targeted risk to watch than a generic real estate downturn.
For the engine’s reasoning on AMAL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMAL● | Amalgamated Financial Corp. | 2 | 1 | 0 | 3 |
| ACNB | ACNB Corporation | 1 | 1 | 0 | 2 |
| ALRS | Alerus Financial Corporation | 1 | 1 | 0 | 2 |
| AMTB | Amerant Bancorp Inc. | 0 | 1 | 1 | 2 |
| AROW | Arrow Financial Corporation | 0 | 1 | 0 | 1 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.