Amalgamated Financial posts record Q3 results and raises full-year outlook
Amalgamated Financial reported third-quarter 2026 results on October 22, 2026, including record core net income of $34.6 million and core EPS of $1.14. Record operating revenue reached $101.7 million, while GAAP net income was $36.4 million, or $1.20 per share. Management raised full-year net interest income guidance to $341 to $342 million and core pretax pre-provision earnings guidance to $193 to $194 million, while expecting modest fourth-quarter margin compression as election-related deposits shift.
Why it matters
The results give investors a stronger current earnings base and higher full-year guidance. Management expects modest fourth-quarter margin compression because of changes in election-related deposits, which could temper near-term net interest income performance.
Key facts
- 1The quarter ended September 30, 2026. financialcontent.com
- 2GAAP net income was a record $36.4 million, or $1.20 a share. financialcontent.com
- 3Net interest income reached $87.9 million and net interest margin was 3.77%. finance.yahoo.com
- 4The company raised full-year net interest income guidance to a range of $341 to $342 million and core pretax pre-provision earnings guidance to $193 to $194 million. finance.yahoo.com
- 5Amalgamated Financial shares rose 5.2% after the results were released. financialcontent.com
Open questions
- reports revenue of $133.6M and adjusted revenue of $101.7M, while other materials identify $101.7M as operating or adjusted revenue without reconciling the different revenue bases.
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.