Amalgamated Bank

Amalgamated Financial posted record second-quarter 2026 results, with net income of $34.8 million and core net income of $33.1 million, prompting management to raise full-year guidance. On-balance sheet deposits grew by $280 million to a record $8.5 billion, driven by $212 million in political deposit growth, while total loans increased by approximately $115 million. The company now expects 2026 net interest income of $338 million to $340 million and core pre-tax, pre-provision earnings of $188 million to $190 million. Credit remained stable, though expenses are expected to rise in coming quarters due to headquarters relocation, technology, compliance, and staffing investments.

Amalgamated Bank declared a quarterly dividend of $0.17 per share, in line with the previous payout. The dividend carries a forward yield of 1.43% and is payable on August 20 to shareholders of record as of August 4, with the ex-dividend date also set for August 4.

Regional bank stocks reported mixed fourth-quarter results, with revenues for the 96-company group in line with analyst consensus. CVB Financial posted revenue of $136.6 million, a 10.2% year-over-year increase that exceeded expectations by 0.9%, though the quarter was mixed overall. UMB Financial delivered the strongest performance among peers, with revenue of $744.8 million, up 29.3% and beating estimates by 5.4%, while BankUnited was the weakest, missing revenue expectations by 5.1% with $273.8 million. WSFS Financial and Amalgamated Financial also reported beats on revenue, with WSFS up 7.5% to $275.8 million and Amalgamated up 14.6% to $91.36 million. Share prices across the group have held steady, rising an average of 2.2% since the latest earnings releases.

StockStory identifies Amalgamated Financial as a bank stock to target this week, while questioning Valley National Bank and First Interstate BancSystem. Amalgamated Financial, with a market cap of $1.32 billion, stands out for its net interest margin expansion of 27 basis points over two years, 15.7% annual earnings per share growth driven by buybacks, and 9.7% annual tangible book value per share growth over five years. In contrast, Valley National Bank, valued at $7.99 billion, is flagged for muted 9.6% annual net interest income growth over five years, a weak 3% net interest margin, and annual earnings per share growth of just 1.5% that lagged revenue. First Interstate BancSystem, with a $3.55 billion market cap, is questioned due to flat sales over two years, flat earnings per share over five years despite revenue growth, and projected flat tangible book value per share as profitability decelerates.