Amalgamated Financial Corp. Reports Third Quarter 2026 Financial Results; Record Earnings and Profitability | 3.77% Margin
Amalgamated Financial reported record Q3 2026 results with net income of $36.4 million ($1.20 diluted EPS), up from $34.8 million ($1.15) in the prior quarter, and record operating revenue of $101.7 million. Net interest income hit a record $87.9 million with the margin essentially flat at 3.77%, while deposits grew 3.0% to $8.7 billion at a stable 146bp cost; the bank also repurchased ~137,000 shares and paid a $0.17 dividend.
Key figures
- Eps
- 1.2
- Revenue
- $101.7 million
- Guidance
- No formal guidance; record core net income of $34.6M ($1.14 diluted) vs $33.1M prior quarter
- Nim
- 3.77%
- Cet1
- 14.40%
- Core roaa
- 1.44%
- Net income
- 36400000
- Core roatce
- 16.57%
- Total assets
- $9.7 billion
- Tier1 leverage
- 9.31%
- Total deposits
- $8.7 billion
- Core net income
- 34600000
- Pace growth qoq
- 4.0%
- Cost of deposits
- 1.46%
- Allowance to loans
- 1.35%
- Deposit growth qoq
- 3.0%
- Dividend per share
- 0.17
- Shares repurchased
- 137000
- Net interest income
- 87900000
- Nonperforming assets
- 105000000
- Buyback capacity remaining
- $33.5 million
- Tangible book value per share
- 27.54
- Nonperforming assets to assets
- 1.08%
AI analysis
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