Amalgamated Financial Q2 FY26 net income rises 37.93% to $34.8 million; net interest margin widens 3 basis points to 3.78% - AMAL News | RalliesAmalgamated Financial Q2 FY26 net income rises 37.93% to $34.8 million; net interest margin widens 3 basis points to 3.78%
A
AMAL• Management commentary
- CEO Priscilla Sims Brown cited the “strongest balance sheet” in the bank’s history and said the company raised guidance.
Deposits and loan growth
- On-balance sheet deposits climbed 3.4% to $8.5 billion, with political deposits up 11.4% to $2.1 billion.
- Net loans receivable increased 2.3% to $5.1 billion, as net commercial loans grew 4.5% to $3.6 billion.
Q2 results and margin expansion
- Amalgamated Financial posted Q2 net income of $34.8 million, up $9.6 million from Q1, with diluted EPS of $1.15.
- Net interest margin widened 3 basis points to 3.78%, while net interest income rose 7.4% to $86.1 million.
•
