EarningsQ2 2026 Earnings Report
DE:A0B0 Q2 2026 EPS Results
Actual EPS€0.98
Consensus EPS€0.89
Beat/MissBeat by +€0.09
One Year Ago EPS€0.78
DE:A0B0 Q2 2026 Revenue Results
Actual Revenue€115.26M
Expected Revenue€82.13M
Beat/MissBeat by +€33.13M
YoY Revenue Growth+15.32%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
DE:A0B0 Upcoming Earnings
Amalgamated Bank's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:A0B0 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized record financial performance—record net income, strong profitability metrics, revenue near $100M, robust deposit and loan growth, and upward revisions to full-year guidance—while acknowledging near-term headwinds from elevated expenses, potential Q4 margin moderation, and funding/timing risks tied to political deposit cycles and off-balance-sheet usage. Management is positioning the bank for scalable, sustainable growth via continued investments in technology and AI, and maintains a positive outlook on credit quality and near-term earnings runway.Company Guidance
Record Earnings and Profitability
Net income of $34.8 million and core net income of $33.1 million; return on average assets > 1.4% and return on tangible common equity > 16%; core efficiency ratio 49.15% (below 50%), demonstrating strong profitability and operating leverage.
Revenue Near $100M and Strong Per-Share Results
Total revenue approximately $98 million and revenue per share $3.18 (exceeding $3.00 for the second consecutive quarter), supporting increased full-year guidance.
Raised Full-Year Guidance
Net interest income guidance increased from prior high-end $333M to a new range of $338M–$340M (≈1.5%–2.1% higher versus prior high end); core pretax, pre-provision earnings guidance increased from prior high-end $185M to $188M–$190M (≈1.6%–2.7% higher versus prior high end).
Deposit Franchise Strength and Growth
On-balance-sheet deposits increased $280 million (3.4%) during the quarter to a record $8.5 billion; political deposits rose ~$212 million to $2.1 billion; off-balance-sheet deposits remain > $1 billion, providing funding flexibility.
Loan and Asset Optimization
Total loans increased ~$115 million for the quarter with commercial lending (loans in growth mode) up ~$155 million (≈4.5%); added ~$276 million of commercial loans, PACE assessments, and securities at attractive yields; non-growth loan runoff provided ~$39 million of redeployed cash.
Credit Quality and Capital Discipline
Provision expense normalized after prior reserve actions; criticized and classified balances declined by approximately $9 million; pass-rated loans represent ~97% of the portfolio—indicative of stable portfolio performance and disciplined risk management.
Tech, AI and Scalability Investments
Ongoing investments in technology, AI-enabled tools, talent, and infrastructure intended to drive scalable efficiency and long-term earnings capacity; management highlighted enterprise adoption plans and continued modernization spend.
DE:A0B0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed