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Amalgamated Bank ( (AMAL) ) has issued an announcement.
Amalgamated Financial Corp. reported first-quarter 2026 results on April 23, 2026, showing net income of $25.2 million, or $0.84 per diluted share, versus $26.6 million in the prior quarter, as stronger revenue was offset by higher credit provisions and taxes. Net revenue rose to $93.4 million with net interest margin expanding 9 basis points to 3.75%, supported by $65.5 million in net loan growth to $5.0 billion and a 2.9% increase in on-balance sheet deposits to $8.2 billion, while tangible book value per share climbed to $26.59 and capital ratios remained robust.
Management highlighted a one-off credit issue tied to a single multifamily borrower that drove an incremental $9.2 million provision and pushed $78 million of loans into nonaccrual, but emphasized strong collateral and active work on resolution strategies, including potential foreclosure or note sales. Despite the isolated credit event, Amalgamated continued to grow political and off-balance sheet deposits, improved its average deposit costs, repurchased about 80,000 shares, paid a $0.17 dividend, and reaffirmed confidence in its purpose-driven model and earnings trajectory for the rest of the year.
The most recent analyst rating on (AMAL) stock is a Hold with a $41.00 price target. To see the full list of analyst forecasts on Amalgamated Bank stock, see the AMAL Stock Forecast page.
Spark’s Take on AMAL Stock
According to Spark, TipRanks’ AI Analyst, AMAL is a Outperform.
The score is driven primarily by solid financial performance (growth, profitability, and strong cash conversion with improved leverage) and supportive valuation (low P/E). Earnings call guidance was constructive but balanced by credit and expense headwinds, while technicals show an uptrend that looks overextended near term (high RSI/Stoch).
To see Spark’s full report on AMAL stock, click here.
More about Amalgamated Bank
Amalgamated Financial Corp., the holding company for Amalgamated Bank, operates as a socially and purpose-driven U.S. commercial bank with a significant focus on political and mission-oriented depositors. The New York-based institution offers a mix of commercial, multifamily, and commercial real estate lending, as well as specialized products such as PACE and CPACE assessments, while maintaining a large base of non-interest-bearing deposits that supports its net interest margin and capital strength.
Average Trading Volume: 158,090
Technical Sentiment Signal: Buy
Current Market Cap: $1.29B
Find detailed analytics on AMAL stock on TipRanks’ Stock Analysis page.