Amalgamated Bank ( (AMAL) ) has released its Q3 earnings. Here is a breakdown of the information Amalgamated Bank presented to its investors.
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Amalgamated Financial Corp., a Delaware public benefit corporation and bank holding company, operates through its subsidiary Amalgamated Bank, providing commercial banking and financial services with a focus on sustainable and socially responsible banking practices. The bank has a strong presence in New York City, Washington D.C., and San Francisco, and is a certified B Corporation®.
In the third quarter of 2025, Amalgamated Financial Corp. reported a net income of $26.8 million, or $0.88 per diluted share, reflecting a slight increase from the previous quarter. The company’s core net income also saw a modest rise to $27.6 million, or $0.91 per diluted share. The bank’s net interest margin expanded to 3.60%, supported by a growth in net interest income and higher loan yields.
Key financial metrics for the quarter included a 0.5% increase in on-balance sheet deposits to $7.8 billion, with political deposits rising significantly by 19% to $1.4 billion. The bank’s net loans receivable grew by $77 million, driven by increases in commercial and industrial loans. Additionally, nonperforming assets decreased by 34.6% to $23 million, indicating improved asset quality.
Amalgamated’s capital position remained robust, with a tangible book value per share increasing to $25.31 and a Common Equity Tier 1 ratio of 14.21%. The bank also continued its share repurchase program, buying back approximately 347,000 shares during the quarter.
Looking ahead, Amalgamated Financial Corp. remains focused on maintaining its strong financial performance and capital position, while continuing to support its mission of sustainable and socially responsible banking. The management is optimistic about handling potential challenges with the quality and sustainability of its earnings.