Amalgamated Financial

Q2 FY2026 EarningsQ2 2026 net income hit a record $34.8M, up 37.8% QoQ, driven by a 7.4% increase in net interest income to $86.1M and a normalized provision expense of $4.4M. Net interest margin (NIM) expanded 3bps to 3.78% due to higher-yielding commercial loan originations. Deposits grew $280.3M to $8.5B, led by an 11.4% surge in political deposits. Core ROATCE reached 16.51%, while the Tier 1 leverage ratio remained solid at 9.20%.