Amalgamated Financial Corp. — Form 8-K
Filed October 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Amalgamated Financial Corp. reported Q3 2026 record net income of $36.4M ($1.20 diluted EPS) vs. $34.8M in Q2; core net income of $34.6M ($1.14 diluted EPS). On-balance sheet deposits grew $256M (3.0%) to $8.7B; commercial loans grew $93.5M (2.6%) to $3.7B; PACE assessments grew $53M (4.0%) to $1.4B. Net interest margin held at 3.77% (down 1 bp); net interest income rose $1.9M to $87.9M. Tangible book value per share increased 0.2% to $27.54. Company raised full-year 2026 guidance: expects ~1.29% core ROAA, ~15% core ROTCE, ~3–4% positive operating leverage, and ~8% year-end balance sheet growth.
Why this rating
Record earnings and deposit growth are positive operationally, but event is moderate given company size ($547M market cap). Guidance raise is constructive yet no transformational shift. Multifamily stress ($78M nonaccrual relationship) and modest loan growth temper upside.
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