Amalgamated Financial Corp. (AMAL) Form 10-Q — Aug 4, 2026
Amalgamated Financial Corp. reported net income of $60.0 million for the six months ended June 30, 2026, an increase of 17.6% compared to the prior year period, driven by a 15.8% rise in net interest income to $166.2 million. The company benefited from higher yields on interest-earning assets and a decrease in the cost of funds, resulting in a net interest margin expansion of 21 basis points to 3.76%. Despite the earnings growth, asset quality deteriorated significantly during the period.
Key figures
- Eps
- 1.99
- Net Income
- 59,989,000
- Total Debt
- 69,754,000
- Total Assets
- 9,411,541,000
- Cash Position
- 167,784,000
- Shares Outstanding
- 29,900,147
Price after filing
Close on the filing date to close N calendar days later (from $49.81). Historical, not a forecast.
AI analysis
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