Amalgamated Raises Guidance After 34% Earnings Jump

Amalgamated (AMAL), ranked by market capitalization, reported its fiscal 2026 Q2 earnings on Aug 04th, 2026. The company delivered robust results, with revenue rising 21.5% year-over-year and net income growing 33.8%. Management raised full-year guidance, citing operational strength and strategic investments.

Revenue

The total revenue of Amalgamated increased by 21.5% to $98.36 million in 2026 Q2, up from $80.93 million in 2025 Q2. This outperformance reflects sustained demand for core services and effective cost management.

Earnings/Net Income

Amalgamated's EPS rose 36.5% to $1.16 in 2026 Q2 from $0.85 in 2025 Q2, marking continued earnings growth. Meanwhile, the company's profitability strengthened with net income of $34.77 million in 2026 Q2, marking 33.8% growth from $25.99 million in 2025 Q2. The Company has sustained profitability for 9 years over the corresponding fiscal quarter, reflecting stable business performance. Amalgamated’s 36.5% EPS growth underscores robust profitability and operational efficiency.

Price Action

The stock price of Amalgamated has edged up 0.42% during the latest trading day, has edged down 0.16% during the most recent full trading week, and has jumped 8.19% month-to-date.

Post-Earnings Price Action Review

Amalgamated’s shares have exhibited mixed short-term volatility, with an 8.19% monthly gain offsetting a 0.16% weekly decline. The 0.42% intraday gain suggests cautious optimism among traders, though broader market dynamics may temper momentum.

CEO Commentary

CEO Brown emphasized the company’s “strongest balance sheet in history,” crediting disciplined capital allocation and technology investments for driving profitability. Strategic priorities include expanding commercial lending, optimizing operational efficiency, and maintaining a robust dividend policy. The tone conveyed confidence in long-term resilience amid evolving market conditions.

Guidance

Management raised FY 2026 guidance, projecting net interest income of $338M–$340M (up from $333M) and core pre-tax earnings of $188M–$190M (up from $185M). Near-term expenses are expected to rise to ~$49M in Q3-Q4 due to HQ relocation and compliance initiatives, with a margin moderation anticipated in H2.

Additional News

Amalgamated announced a quarterly dividend of $0.17 per share on Aug 4, 2026, reflecting a 21.4% increase from the prior quarter. The company also highlighted a record $8.5 billion deposit base, driven by $280 million in net deposit growth. Additionally, ROAA exceeded 1.4%, and ROTCE topped 16%, signaling enhanced capital efficiency.