Amalgamated Financial posted record second-quarter 2026 results, with net income of $34.8 million and core net income of $33.1 million, prompting management to raise full-year guidance. On-balance sheet deposits grew by $280 million to a record $8.5 billion, driven by $212 million in political deposit growth, while total loans increased by approximately $115 million. The company now expects 2026 net interest income of $338 million to $340 million and core pre-tax, pre-provision earnings of $188 million to $190 million. Credit remained stable, though expenses are expected to rise in coming quarters due to headquarters relocation, technology, compliance, and staffing investments.
Amalgamated BankRecord Q2 results and raised 2026 guidance on net interest income and core earnings.