Amerant Bancorp (AMTB) investor relations material

Executive summary

• Net income was $25.7M, or $0.65 per diluted share, versus $21.0M and $0.53 in Q2; ROA reached 1.00% as stronger NII, margin expansion and cost discipline lifted profitability.

• Priorities shifted from stabilization toward optimization and sustainable growth, emphasizing credit quality, efficiency, profitable relationships, disciplined loan growth and shareholder returns.

Financial highlights

• NII rose 9.6% QoQ to $90.5M from $82.6M; NIM expanded to 3.77% from 3.52%.

• PPNR increased 24.6% to $39.7M from $31.9M, its highest quarterly result since 4Q22; provision for credit losses was $6.2M versus $4.8M.

• Noninterest income was $18.3M versus $18.2M; noninterest expense rose 0.3% to $69.1M from $68.9M.

• Total assets fell 0.8% QoQ to $10.2B; gross loans grew 3.0% to $7.1B, while deposits declined 1.3% to $8.2B and core deposits fell 2.0% to $6.3B.

• Total investments declined 14.7% to $2.2B; cash, cash equivalents and restricted cash rose 20.0% to $361.5M.

Outlook and guidance

• Q4 2026 loans are projected at ~$7.3B and deposits at ~$8.5B; expected deposit growth mix is 60% international and 40% domestic.

• Q4 NIM guidance is 3.65%-3.70%, depending partly on rates, variable-loan repricing and lower-cost deposit growth.

• Q4 noninterest expense is projected at ~$68M; early-2027 run-rate expense is expected at $69.5M-$70M, including growth hiring partly offset by savings.

• Management views 1% ROA as a new baseline and cited a longer-term 1.20% target, with growth and revenue expansion supporting returns; efficiency ratio target is ~60%.