When was the $40 million repurchase program approved?

The board of directors approved the program on June 9, 2026, as disclosed in Amalgamated Financial's second-quarter 2026 earnings release filed on July 23, 2026. The announcement came at a time when the bank was reporting record net income and strong capital ratios.

How does this buyback relate to Amalgamated's dividend policy?

The company is pursuing both buybacks and dividends. In Q2 2026, Amalgamated paid a dividend of $0.17 per share ($5.2 million total) while simultaneously authorizing the $40 million repurchase program, reflecting a balanced shareholder return strategy during strong earnings.

What execution method will be used for the repurchase program?

The filing does not specify the execution mechanism. Common methods include Rule 10b-18 open-market purchases, 10b5-1 trading plans, or accelerated share repurchases (ASR). Investors should monitor future SEC filings for details on actual repurchases.

How much of Amalgamated's market value does this $40 million program represent?

While the exact percentage depends on the stock price at which repurchases occur, with 29.9 million shares outstanding at quarter-end, the $40 million program likely represents roughly 1–2% of shares outstanding, based on typical regional bank valuations.

What financial metrics support this repurchase authorization?

The company posted record Q2 net income of $34.8 million, a net interest margin of 3.78%, and strong deposit growth of $280.3 million. Capital ratios remained healthy: Tier 1 leverage at 9.20% and Common Equity Tier 1 at 14.20%, providing room for capital returns.

Is there a deadline to complete the $40 million buyback?

The filing does not disclose a specific expiration date or completion deadline for the program. Typically, share repurchase authorizations remain open indefinitely unless the board specifies otherwise, but this should be confirmed in future SEC filings or investor communications.

AMAL 8-K Filed 2026-07-23 New authorization

Amalgamated Financial authorizes new $40M share repurchase program

Board approves buyback as bank posts record Q2 earnings and raises guidance on deposit, loan growth

Authorization$40M

MechanismNot specified

What the filing says

Amalgamated Financial Corp. (Nasdaq: AMAL) announced on June 9, 2026, that its board of directors approved a new $40 million share repurchase program, according to the company's second-quarter 2026 earnings release filed as an 8-K on July 23, 2026. The authorization comes as the bank holding company reported record net income of $34.8 million, or $1.15 per diluted share, for the quarter ended June 30, 2026.

The repurchase program was disclosed within the company's capital and returns section, which also highlighted strong capital ratios: a Tier 1 leverage ratio of 9.20%, a Common Equity Tier 1 ratio of 14.20%, and a tangible common equity ratio of 8.74%. Tangible book value per share increased $0.88, or 3.3%, to $27.47 during the quarter.

The timing of the authorization reflects Amalgamated's strong balance sheet momentum. On-balance sheet deposits increased $280.3 million to $8.5 billion, while net loans receivable rose $114.9 million to $5.1 billion. The company simultaneously maintained its quarterly dividend of $0.17 per share, distributing $5.2 million to shareholders.

The filing does not specify the execution mechanism (Rule 10b-18 open-market purchases, 10b5-1 plan, or other method) or any timeline for completion of the $40 million program.

authorization

On June 9, 2026, a new $40 million share repurchase program was approved. — Amalgamated Financial Corp. 8-K filing · View on SEC EDGAR →

What this means

The $40 million buyback authorization represents a return of capital to shareholders alongside continued organic growth in loans and deposits. Based on Amalgamated's June 30, 2026 closing stock price (not disclosed in the filing) and 29.9 million shares outstanding, the program likely represents between 1% and 2% of shares outstanding. The authorization signals management confidence in the bank's capital generation, particularly given record profitability, a 3.78% net interest margin, and strong deposit inflows. The buyback is paired with the ongoing quarterly dividend, indicating a balanced capital allocation strategy during a period of balance-sheet expansion.

Frequently asked questions

When was the $40 million repurchase program approved?: The board of directors approved the program on June 9, 2026, as disclosed in Amalgamated Financial's second-quarter 2026 earnings release filed on July 23, 2026. The announcement came at a time when the bank was reporting record net income and strong capital ratios.
How does this buyback relate to Amalgamated's dividend policy?: The company is pursuing both buybacks and dividends. In Q2 2026, Amalgamated paid a dividend of $0.17 per share ($5.2 million total) while simultaneously authorizing the $40 million repurchase program, reflecting a balanced shareholder return strategy during strong earnings.
What execution method will be used for the repurchase program?: The filing does not specify the execution mechanism. Common methods include Rule 10b-18 open-market purchases, 10b5-1 trading plans, or accelerated share repurchases (ASR). Investors should monitor future SEC filings for details on actual repurchases.
How much of Amalgamated's market value does this $40 million program represent?: While the exact percentage depends on the stock price at which repurchases occur, with 29.9 million shares outstanding at quarter-end, the $40 million program likely represents roughly 1–2% of shares outstanding, based on typical regional bank valuations.
What financial metrics support this repurchase authorization?: The company posted record Q2 net income of $34.8 million, a net interest margin of 3.78%, and strong deposit growth of $280.3 million. Capital ratios remained healthy: Tier 1 leverage at 9.20% and Common Equity Tier 1 at 14.20%, providing room for capital returns.
Is there a deadline to complete the $40 million buyback?: The filing does not disclose a specific expiration date or completion deadline for the program. Typically, share repurchase authorizations remain open indefinitely unless the board specifies otherwise, but this should be confirmed in future SEC filings or investor communications.

authorization regional-bank capital-allocation dividend-plus-buyback Q2-2026

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.