Amalgamated Financial rises after posting record quarterly profit

Amalgamated Financial

23/07/2026 15:57

 
** Shares of U.S. bank Amalgamated Financial Corp AMAL.O rise 1.3% to $47.6 in early morning trading
** Lender posts record Q2 net income of $34.8 million, or $1.15 per diluted share vs $25.2 million or 84 cents per share, a year earlier
** Net interest income grew $5.9 million, or 7.4%, to $86.1 million 
** "With the strongest balance sheet in our history and one of the most differentiated deposit franchises in banking, we are successfully converting balance sheet growth into record earnings," CEO Priscilla Sims Brown said 
** One of two analysts rates stock "buy" and one "hold"; median PT of $50.5 - data compiled by LSEG
** Including session's move, stock up 49% YTD
     
     

(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))