Amalgamated Financial Corp.

Amalgamated Financial Corp.'s Board of Directors authorized an additional $31.4 million for its existing share repurchase program. This increases the total available for repurchases to $40 million, including the $8.6 million previously available. The program has no expiration date and allows for purchases in the open market or privately negotiated transactions.

Amalgamated Financial Corp. held its Annual Meeting of Stockholders on May 20, 2026, with a high voter turnout of approximately 95.27% of outstanding shares. Stockholders approved all three proposals presented, including the election of 13 directors to serve until the 2027 Annual Meeting. Additionally, the compensation of the company's named executive officers was approved on a non-binding advisory basis, and Crowe LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.

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.

Amalgamated Financial Corp. reported strong first-quarter 2026 financial results, with net revenue increasing 9.7% to $93.4 million and net interest margin rising to 3.75%. The company saw significant deposit growth of $229 million and loan growth of $66 million. However, net income decreased to $25.2 million, or $0.84 per diluted share, primarily due to an incremental $9.2 million provision related to a single-borrower multifamily relationship that moved to nonaccrual.

Amalgamated Financial Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share. This dividend will be distributed to shareholders on May 21, 2026. Only shareholders who are on record as of May 5, 2026, will be eligible to receive this payment.