Amalgamated Financial Corp. (AMAL) Form 8-K — Oct 22, 2026
$AMALForm 8-KItems 2.02, 7.01, 9.01Filed Oct 22, 2026, 6:32 AM ET0001823608-26-000212Original filing
Amalgamated Financial Corp. (Nasdaq: AMAL) reported record third-quarter 2026 results, with net income of $36.4 million or $1.20 per diluted share, up from $26.8 million a year earlier. Core net income was $34.6 million ($1.14 core EPS), and operating revenue hit a record $101.7 million. Net interest income rose to a record $87.9 million with margin of 3.77%, while deposits grew $256.0 million to $8.7 billion and commercial loans expanded 2.6% quarter over quarter.
Key figures
- Eps
- 1.2
- Revenue
- 101700000
- Net Income
- 36400000
- Total Debt
- 59845000
- Revenue Yoy
- 9M operating revenue $293.5M vs $243.5M prior year (+20.5%)
- Total Assets
- 9733683000
- Cash Position
- 262520000
- Shares Outstanding
- 29777958
- Core roaa
- 1.44%
- Cet1 ratio
- 14.40%
- Core rotce
- 16.57%
- Diluted eps
- 1.2
- Total loans
- $5.1 billion (+1.0% QoQ)
- Dividend paid
- $0.17 per share ($5.1 million total)
- Core net income
- $34.6 million
- Core diluted eps
- 1.14
- Cost of deposits
- 146 bps (flat QoQ)
- Pace assessments
- $1.4 billion (+4.0% QoQ)
- Operating revenue
- $101.7 million (record)
- Afs valuation loss
- $78.6 million
- Allowance to loans
- 1.35%
- Effective tax rate
- 26.0%
- Htm valuation loss
- $182.7 million
- Noninterest income
- $13.8 million (vs $12.3M prior quarter)
- Political deposits
- $2.0 billion (-$76.5M, -3.7% QoQ, election-cycle driven)
- Shares repurchased
- ~137,000 shares (~$6.5M)
- Uninsured deposits
- $5.1 billion (58% of on-balance sheet deposits)
- Net interest income
- $87.9 million (record, +2.2% QoQ, +15.0% YoY)
- Net interest margin
- 3.77% (-1 bp QoQ)
- Noninterest expense
- $48.9 million (+$1.6M QoQ)
- Stockholders equity
- $833.6 million
- Super core deposits
- $5.1 billion (17-year weighted average life)
- Nonperforming assets
- $105.0 million (1.08% of assets, +$2.3M QoQ)
- Tier1 leverage ratio
- 9.31%
- Commercial loan growth
- +2.6% QoQ
- Annualized net chargeoffs
- 0.20%
- On balance sheet deposits
- $8.7 billion (+$256.0M, +3.0% QoQ)
- Buyback remaining capacity
- $33.5 million
- Trust assets under custody
- $37.4 billion
- Provision for credit losses
- $3.6 million (down $0.8M QoQ)
- Tangible book value per share
- 27.54
- Trust assets under management
- $17.0 billion
- Total risk based capital ratio
- 16.45%
- Noninterest bearing deposit pct
- 42%
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