Amalgamated Financial Corp.

Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Corporation second quarter 2026 earnings conference call. During today's presentation, all parties will be in a listen-only mode with Q&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.

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&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. 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 $34.8 million, core net income of $33.1 million 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 the franchise and creating a lasting platform for continued growth. Revenue approached $100 million and revenue per share exceeded $3 for the second consecutive quarter. These results supported our decision to raise full-year 2026 guidance. Over the past several years, we've strengthened the balance sheet, we've expanded our deposit franchise, built lending capabilities, enhanced our technology infrastructure, and invested in the people, processes, and systems needed to support growth. This quarter demonstrates that those investments are translating into greater earnings capacity, stronger profitability, increasing operating leverage, and ultimately shareholder value well into the future. Importantly, we achieve this growth while maintaining strong capital, liquidity, and credit discipline. Our portfolio continues to perform well, and we remain focused on disciplined risk management as we grow. These results reflect not only the growth of the franchise, but the quality and the resilience of that growth. On-balance sheet deposits increased $280 million, or 3.4% during the quarter, to a record $8.5 billion. highlighting the continued and differentiated performance of our deposit gathering franchise. Political deposits increased approximately $212 million to $2.1 billion. Labor increased $30 million. Social and philanthropy deposits increased $55 million. And off-balance sheet deposits were over $1 billion. This deposit-led growth strategy provides unparalleled flexibility to shape our balance sheet. That funding strength allowed us to continue optimizing the asset side of the balance sheet and deploying capital into an attractive mix of loans, PACE assessments, and securities. Total loans increased approximately $115 million during the quarter, while loans in growth mode commercial lending increased approximately $155 million or 4.5%. As we continue to optimize the balance sheet and redeploy liquidity into higher yielding assets, we believe there remains significant opportunity to further expand earnings power and operating leverage. At the same time, we continue investing for the future. We continue to invest in our people alongside modernization initiatives across the organization, expanding our use of AI-enabled tools and building the technology infrastructure necessary to support efficient and scalable long-term growth. We believe these investments, combined with the strength of our balance sheet and our franchise, positions us well to deliver sustainable performance in the years ahead. With that, I'll turn the call over to Jason.