Amalgamated Financial Corp. Reports Second Quarter 2026 Financial Results; Record Profitability | Margin Rises to 3.78% | Guidance Raised
Amalgamated Financial reported record Q2 net income of $34.8 million, or $1.15 per share, driven by a 7.4% increase in net interest income to $86.1 million and a significant decline in provision expense. The net interest margin expanded 3 basis points to 3.78% as the bank grew deposits by $280 million and loans by $115 million, while political deposits surged 11.4% to a record $2.1 billion.
Key figures
- Eps
- 1.15
- Revenue
- 98400000
- Net income
- 34800000
- Loan growth
- 114900000
- Deposit growth
- 280300000
- Core net income
- 33100000
- Provision expense
- 4400000
- Dividend per share
- 0.17
- Political deposits
- 2100000000
- Net interest income
- 86100000
- Net interest margin
- 3.78%
- Share repurchase program
- 40000000
- Tangible book value per share
- 27.47
AI analysis
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