Amalgamated Bank (AMAL) Misses Q1 EPS by 16c, Beats on Revenue
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Amalgamated Financial Corp. Reports First Quarter 2026 Financial Results; Margin Rises to 3.75% | Revenue Growth of 9.7% | Guidance Raised
April 23, 2026 6:25 AM EDTDeposit Growth of $229 Million | Loan Growth of $66 Million
NEW YORK--(BUSINESS WIRE)-- Amalgamated Financial Corp. (the Company or Amalgamated) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the Bank), today announced financial results for the first quarter ended March 31, 2026.
Priscilla Sims Brown, President and Chief Executive Officer, commented, Overall, we delivered a very strong first quarter that underscores the strength of our balance sheet and purpose-driven model. We grew net revenue to $93.4 million, expanded net interest margin 9 basis points to 3.75%, increased on-balance sheet deposits to $8.2 billion, and maintained strong... More
