Amalgamated Financial reports record Q2 net income of $34.8M, raises 2026 guidance

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Record Q2 net income of $34.8M ($1.15/share) and core net income of $33.1M ($1.10/share), driven by lower provision expense and higher net interest income.

  Exhibit 99.1 view on EDGAR →
• high

  Net interest margin expanded 3 basis points to 3.78%; net interest income grew $5.9M (7.4%) to $86.1M on higher-yielding commercial loan originations and securities purchases.

  Exhibit 99.1 view on EDGAR →
• high

  Board approved new $40M share repurchase program on June 9, 2026; tangible book value per share increased $0.88 (3.3%) to $27.47.

  Exhibit 99.1 view on EDGAR →