Amalgamated Financial Corp. (AMAL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Corporation Second 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 mister Jason Darby, chief financial officer. Please go ahead, sir. 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 look forward to your questions and try to limit repeating details you've already reviewed in the earnings materials. And I'll now turn the call over to Priscilla. Good morning, everyone. This quarter showcases the power of the franchise we've built. With the strongest balance sheet in our history and one of the most differentiated deposit franchises in banking, we're successfully converting balance sheet growth into record earnings, record profitability, and a scalable platform that bodes well for future top performance. The bank has delivered outstanding results this quarter, including record net income of $34,800,000 core net income of $33,100,000 and profitability metrics that rank among the strongest in our history. Return on average assets exceeded 1.4%, return on tangible common equity exceeded 16%, and our core efficiency ratio remained below 50%. Clear evidence that we are harvesting the earnings power of th...