Amalgamated Financial

Q2 FY2026 EarningsQ2 FY2026 delivered a strong beat across all key metrics: net revenue reached $98.4M vs. $92.1M expected, while Core EPS of $1.10 exceeded the $1.00 consensus by 10%. Profitability was driven by Net Interest Margin (NIM) expansion to 3.78% (+6bps vs. consensus) and a significant normalization in provision expense to $4.4M following a large Q1 reserve build. Strong deposit growth of 3.4% QoQ, led by an 11.4% surge in political deposits, underpinned the top-line performance, prompting management to raise full-year guidance.