Amalgamated Financial adds $31.4M to buyback

Amalgamated Financial Corp. expanded its share repurchase program, authorizing up to an additional $31.4 million of common stock buybacks.

Rhea-AI Filing Summary

Amalgamated Financial Corp. expanded its share repurchase program, authorizing up to an additional $31.4 million of common stock buybacks. As of June 9, 2026, $8.6 million remained available, bringing total authorized repurchases to $40 million.

The program has no expiration date, and purchases may occur from time to time in the open market, through privately negotiated or block transactions, as determined by the CEO or CFO. The company is not obligated to repurchase any specific amount, and the Board may change or end the program at any time.

Insights

Banking equity analyst

Amalgamated boosts discretionary buyback capacity to $40 million.

Amalgamated Financial Corp. increased its share repurchase authorization by $31.4 million, lifting total capacity to $40 million. This indicates the Board’s willingness to return capital through buybacks, but actual impact depends on how much of this capacity is ultimately used.

The program has no expiration and allows open market, block, and privately negotiated transactions, giving management flexibility to time purchases. Because repurchases are fully discretionary and may be suspended or modified at any time, investors will need future disclosures to see how actively the authorization is utilized.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

New buyback authorization: $31.4 million Pre-existing remaining authorization: $8.6 million Total repurchase capacity: $40 million

3 metrics

New buyback authorization $31.4 million Additional common stock repurchases authorized by Board

Pre-existing remaining authorization $8.6 million Amount available under repurchase program as of June 9, 2026

Total repurchase capacity $40 million Aggregate authorization for future share repurchases

Key Terms

share repurchase program, open market, privately negotiated transactions, block transactions

4 terms

share repurchase program financial

"authorized the repurchase of up to an additional $31.4 million ... under the Company’s existing share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

open market financial

"Purchases under the share repurchase program may be made from time to time in the open market"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

privately negotiated transactions financial

"may be made from time to time in the open market, through privately negotiated transactions, block transactions or otherwise"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

block transactions financial

"through privately negotiated transactions, block transactions or otherwise, as determined by the Chief Executive Officer"

Block transactions are very large buys or sells of a company’s shares executed in a single deal or a small number of deals, often arranged privately or through special trading desks rather than the public order book. They matter to investors because they can move the stock price, change supply and demand suddenly, and signal that a large holder or institution is entering or exiting a position—like a single ship loading or unloading a whole season’s worth of cargo into a harbor.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Amalgamated Financial Corp. (AMAL) announce about its share repurchase program?

Amalgamated Financial Corp. authorized up to an additional $31.4 million of common stock repurchases under its existing program. This raises total authorized future buybacks to $40 million, giving management more capacity to repurchase shares over time at its discretion.

How large is Amalgamated Financial’s (AMAL) total share repurchase authorization now?

Following the new authorization, Amalgamated Financial’s total share repurchase capacity is $40 million. Before the change, $8.6 million remained available, and the Board added $31.4 million of additional authorization for future common stock buybacks.

Does Amalgamated Financial’s (AMAL) share repurchase program have an expiration date?

The share repurchase program has no expiration date. This means Amalgamated Financial can conduct authorized buybacks over an open-ended period, subject to market conditions, corporate considerations, and any future decisions by the Board to modify or terminate the program.

How can Amalgamated Financial (AMAL) execute share repurchases under the program?

Amalgamated Financial may repurchase shares in the open market, through privately negotiated transactions, or via block transactions. The Chief Executive Officer or Chief Financial Officer determines the method and timing, taking into account market conditions and other corporate considerations.

Is Amalgamated Financial (AMAL) required to use the full $40 million repurchase authorization?

The company is not obligated to repurchase any specific amount of stock. The authorization simply permits up to $40 million in buybacks. Actual repurchases, if any, will depend on market conditions and broader corporate priorities over time.

Can Amalgamated Financial’s (AMAL) Board change the share repurchase program terms?

Yes. The Board may suspend, extend, modify, or discontinue the share repurchase program at any time. This flexibility allows Amalgamated Financial to adjust its capital return approach as conditions, strategy, or regulatory considerations evolve.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 04:15 PM Learn about SEC filing dates

0001823608false00018236082026-06-092026-06-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 9, 2026

Amalgamated Financial Corp.

(Exact name of registrant as specified in its charter)

Delaware

001-40136

85-2757101

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

275 Seventh Avenue, New York, New York 10001

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 895-8988

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01 per share			AMAL			The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.    Other Events.

On June 9, 2026, the Board of Directors (the "Board") of Amalgamated Financial Corp. (the “Company”) authorized the repurchase of up to an additional $31.4 million of the Company’s common stock, par value $0.01 per share, under the Company’s existing share repurchase program. As of June 9, 2026, $8.6 million was available for share repurchases under the existing share repurchase program, and with the new authorization, a total of $40 million is authorized for future repurchases. The share repurchase program has no expiration date.

Purchases under the share repurchase program may be made from time to time in the open market, through privately negotiated transactions, block transactions or otherwise, as determined by the Chief Executive Officer or the Chief Financial Officer of the Company.

The share repurchase program does not obligate the Company to acquire any particular amount of common stock at any time. The amount and timing of share repurchases, if any, will depend on market conditions and other corporate considerations. The share repurchase program may be suspended, extended, modified or discontinued by the Board at any time.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						AMALGAMATED FINANCIAL CORP.
						By:			/s/ Priscilla Sims Brown
						Name:			Priscilla Sims Brown
						Title:			Chief Executive Officer
Date: June 9, 2026

Filing Exhibits & Attachments

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Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB