Amalgamated Financial Corp. — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Amalgamated Financial Corp. reported Q2 2026 net income of $34.8M ($1.15 diluted EPS) and core net income of $33.1M ($1.10 core EPS), both records. Deposits increased $280.3M to $8.5B on-balance sheet (3.4% QoQ); political deposits surged $211.9M to $2.1B, exceeding 2024 cycle peaks. Loan growth was $114.9M (2.3%) to $5.1B. Net interest margin expanded 3 bps to 3.78%. The company raised FY26 guidance: net interest income to $338–$340M (from prior guidance), core ROAA to ~1.29%, and balance sheet growth to ~8% YE.
Why this rating
Strong earnings, deposit momentum, and margin expansion are operationally solid; however, relative to $547M market cap, the quarter is ordinary—no M&A, no major repricing risk, no structural change. Raised guidance is incremental. Moderate significance.
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