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AI brief of an SEC Form 8-K · Amalgamated Financial Corp. (AMAL)

Amalgamated Financial Q2 net income rises to $34.8 million, or $1.15 per diluted share

Positive Impact 4 of 5 earnings Written later

Amalgamated Financial Corp. reported second quarter 2026 net income of $34.8 million, or $1.15 per diluted share, up from $25.2 million, or $0.84 per share, in the first quarter, and the company described the result as a record. The increase was mainly due to a $9.1 million lower provision for credit losses, which fell to $4.4 million after a large reserve build in the prior quarter. The press release headline also states that guidance was raised, but the filing text does not give the new guidance figures, and a new $40 million share repurchase program was approved on June 9, 2026.

Key points

  • Net income of $34.8 million, or $1.15 per diluted share, versus $25.2 million, or $0.84 per diluted share, in the first quarter of 2026
  • Core net income of $33.1 million, or $1.10 per diluted share, versus $24.1 million, or $0.80, in the prior quarter
  • Net interest margin rose 3 basis points to 3.78%; on-balance sheet deposits increased $280.3 million to $8.5 billion
  • New $40 million share repurchase program approved June 9, 2026; quarterly dividend of $0.17 per share paid

The filing

CompanyAmalgamated Financial Corp. (AMAL)
Form8-K, current report
Filed with the SECJul 23, 2026, 6:26 AM ET
Accession number0001823608-26-000177

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.