AMAL|EPS $0.80 vs $0.95 est (-15.8%)|Rev $93.4M vs $88.7M est (+5.3%)|Net Income $25.2MAmalgamated Financial Corp. reported mixed first-quarter results, with revenue exceeding Wall Street expectations while earnings fell short of analyst forecasts. The financial services company posted core net income of $0.80 per share for Q1 2026, missing the $0.95 consensus estimate by 15.8% based on projections from 2 analysts. Revenue came in at $93.4M, topping the $88.7M estimate by 5.3%.
The company’s top-line performance showed solid momentum, with revenue up 9.7% from $85.2M in Q1 2025. Amalgamated Financial earned $24.1M in core net income for the quarter. The bank maintained a net interest margin of 3.75% during the period, while on-balance sheet deposits reached $8.2B at quarter end.
Despite the earnings miss, Wall Street maintains a generally positive outlook on the stock. The analyst consensus currently stands at 4 buy ratings, 2 hold ratings, and 0 sell recommendations.
A detailed analysis of Amalgamated Financial Corp.’s quarter follows shortly on AlphaStreet.
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