Amalgamated Financial Corp. (AMAL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Corporation First Quarter twenty twenty six Earnings Conference Call. During today's presentation, all parties will be in a listen only mode with Q and A to follow. A replay of the call and the accompanying slides are available on our Investor Relations website. Please review the forward looking statements and non GAAP disclosures on Slide two. As a reminder, this conference call is being recorded. I would now like to turn the call over to Mr. Jason Darby, Chief Financial Officer. Please go ahead, sir. Thank you, operator, and good morning, everyone. We appreciate your participation in our earnings call. With me today is Priscilla Sims Brown, our President and Chief Executive Officer. Additionally, Sam Brown, our Chief Banking Officer is here for the Q and A portion of today's call. We'll look forward to your questions and try to limit repeating details you've already reviewed in the earnings materials. I'll now turn the call over to Priscilla. Good morning, everyone, and thank you for joining us. I want to begin by thanking our colleagues across the bank as always for their continued focus and execution and our customers and shareholders for their trust and partnership. Overall, we delivered a very strong first quarter that underscores the strength of our balance sheet and purpose driven model. We grew net revenue by 9.7% to $93,400,000 We expanded net interest margin nine basis points to 3.75%, increased on balance sheet deposits $229,000,000 to $8,200,000,000 and maintained strong Tier one capital at above 9.3%. Before commenting on the additional reserves we took this quarter, I'd like to dive into our results just a bit deeper. Our deposit franchise continued to perform exceptionally we...