Amalgamated Q3 net income reaches $36.4 million

• Amalgamated Financial reported record third-quarter 2026 net income of $36.4 million, or $1.20 per diluted share, with operating revenue reaching $101.7 million.
• Deposits increased 3% to $8.7 billion, while net interest income rose 2.2% to $87.9 million and net interest margin stood at 3.77%.
• Amalgamated repurchased approximately 137,000 shares and reported $33.5 million remaining under its share repurchase authorization.

Amalgamated Financial (NASDAQ:AMAL) reported record third-quarter 2026 net income of $36.4 million, or $1.20 per diluted share.

Operating revenue reached $101.7 million, exceeding analysts' approximately $99.3 million estimate, while core net income totaled $34.6 million.

Deposits increased $256 million to $8.7 billion, while net interest income rose 2.2% to $87.9 million and margin reached 3.77%.

Amalgamated repurchased approximately 137,000 shares, with $33.5 million remaining authorized, and continued its $0.17 quarterly dividend.

Net loans increased $50.8 million to $5.1 billion, while commercial loans grew $93.5 million to $3.7 billion.

Amalgamated previously reported second-quarter net interest margin of 3.78% and continued expanding commercial lending and property-assessed clean energy financing.