Quarterly ResultMay 5, 2026, 08:52 AM
Amalgamated Financial Q1 Net Income $25.2M; EPS $0.85
AI Summary
Amalgamated Financial Corp. reported a slight increase in net income to $25.2 million for Q1 2026, up from $25.0 million in Q1 2025, with basic EPS rising to $0.85. The company saw significant growth in net interest income, reaching $80.2 million, but also a substantial increase in provision for credit losses to $13.5 million. Total assets grew to $9.17 billion, and deposits increased to $8.18 billion. However, total comprehensive income shifted to a loss of $4.5 million, compared to a gain of $11.3 million in the prior year.
Key Highlights
- Net income increased to $25.2 million in Q1 2026 from $25.0 million in Q1 2025.
- Basic earnings per share rose to $0.85 in Q1 2026 from $0.82 in Q1 2025.
- Net interest income grew to $80.2 million in Q1 2026, up from $70.6 million in Q1 2025.
- Provision for credit losses significantly increased to $13.5 million from $0.6 million YoY.
- Total assets reached $9.17 billion as of March 31, 2026, up from $8.87 billion at Dec 31, 2025.
- Total deposits increased to $8.18 billion as of March 31, 2026, from $7.95 billion at Dec 31, 2025.
- Total comprehensive income was a loss of $4.5 million, compared to a gain of $11.3 million YoY.
- Quarterly dividend declared was $0.17 per share, up from $0.14 per share YoY.
Price Impact
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