Amalgamated Financial releases transcript of first-quarter 2026 earnings call

• Amalgamated Financial held 1Q26 earnings call April 23 with CEO Priscilla Sims Brown, CFO Jason Darby, Chief Banking Officer Sam Brown.
• Management raised FY 2026 targets, lifting net interest income to $333 million and core pre-tax pre-provision earnings to $183 million on higher balance sheet growth target of about 8%.
• CFO guided 2Q net interest income of $81 million to $83 million, flagging modest net interest margin compression in 2Q tied to balance sheet growth and non-accrual impact.
• Management took $9.2 million incremental provision tied to single-borrower multifamily relationship in Washington, D.C. that moved to nonaccrual, bringing reserves on relationship to $11.1 million.
• CFO pegged targeted year-end balance sheet size at about $9.6 billion, up from prior plan of $9.2 billion.

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