Amalgamated Financial Corp. reported fourth-quarter earnings of $0.99 per share, surpassing the Zacks Consensus Estimate of $0.91 by approximately 9%. This result reflects a year-over-year increase from $0.90 per share in Q4 2024 and underscores the company’s ability to leverage its lending and fee income streams despite a competitive interest-rate environment. Analysts had projected more modest growth, making Amalgamated’s performance a notable positive surprise for the quarter.

The company generated net income of $26.6 million, or $0.88 per diluted share, essentially flat compared to the linked quarter and consistent with the prior year’s $26.8 million result. On a core basis—excluding certain one-time charges and gains—net income rose to $30.0 million, or $0.99 per diluted share. Management cited efficiency initiatives and disciplined expense controls as drivers of the improved core margin, with the core efficiency ratio narrowing by 150 basis points to 65.2%.

Amalgamated achieved record deposit growth of nearly $1.0 billion during Q4, lifting total deposits to $24.3 billion. This represents a linked-quarter increase of 4.3% and a year-over-year gain of 12.1%. The influx was driven by corporate treasury clients and high-net-worth retail accounts, as the bank capitalized on its ESG-focused brand positioning. Increased liquidity supports the bank’s strategic aim to expand commercial real estate and middle-market lending portfolios in 2026.