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Amalgamated Financial Q1 FY26 net income falls 5.3% to $25.2 million; revenue rises 9.7% to $93.4 million

PUBT·04/23/2026 10:26:46
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Amalgamated Financial Q1 FY26 net income falls 5.3% to $25.2 million; revenue rises 9.7% to $93.4 million
  • Amalgamated Financial posted first-quarter 2026 net income of $25.2 million, or $0.84 per diluted share.
  • Net revenue climbed 9.7% to $93.4 million.
  • Net interest margin widened 9 basis points to 3.75%.
  • Provision expense rose to $13.5 million, including a $9.2 million reserve build tied to a single-borrower multifamily relationship moved to nonaccrual.
  • Management raised guidance, citing first-quarter momentum.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amalgamated Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260423796315) on April 23, 2026, and is solely responsible for the information contained therein.