Amalgamated Financial Reports Record Q3 2026 Revenue and Raised Full-Year Guidance
Amalgamated Financial (AMAL) reported strong third-quarter 2026 results, highlighted by record core operating revenue of $99.2 million and GAAP revenue exceeding $100 million for the first time in company history. Core net income reached $34.6 million, or $1.14 per diluted share, supported by a 2.2% sequential increase in net interest income driven by higher loan balances and commercial originations. The bank is currently transitioning toward a more productive model focused on earnings power rather than absolute asset growth. While the company saw growth in commercial loans and C-PACE assessments, management noted a slight decrease in net interest margin due to rising deposit costs. Despite these pressures, Amalgamated raised its full-year 2026 guidance for both Net Interest Income (NII) and Core Pre-Tax Profit Per Thousand (PTPP) based on strong quarterly profitability.
Tickers: $AMAL
Topics: Banking Operations Commercial Loans Core Net Income Net Interest Income
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