Earnings ·
Reports Q3 net income of $36.4M, or $1.20 per diluted share
AMALAmalgamated Financial Corp.
Amalgamated Financial Corp. reported record third-quarter 2026 financial results with net income of $36.4 million, or $1.20 per diluted share, compared to $34.8 million in the prior quarter. Core net income reached a record $34.6 million, or $1.14 per diluted share. Operating revenue grew 5.7% to $101.7 million, driven by a 2.2% increase in net interest income to $87.9 million and higher non-interest income. On-balance sheet deposits increased $256.0 million, or 3.0%, to $8.7 billion, while net loans receivable grew 1.0% to $5.1 billion. The company repurchased approximately 137,000 shares and paid a quarterly dividend of $0.17 per share. Amalgamated Financial Corp. is the holding company for Amalgamated Bank, which provides commercial banking and trust services.