Amerant Bancorp (AMTB) investor relations material

Executive summary

• Strategic initiatives focused on credit optimization, operational efficiency, relationship-first model, and sustainable growth in core and international markets.

• Net income rose to $21.0 million ($0.53 per diluted share) in Q2 2026, up from $17.9 million ($0.44 per share) in Q1 2026, driven by balance sheet growth, deposit generation, and expense management.

• Core and international deposits increased, notably from Venezuela, supporting balance sheet expansion.

• Disciplined capital management with ongoing share repurchases and dividends.

• Enhanced credit policy reviews, portfolio management, and cost-saving initiatives underway.

Financial highlights

• Total assets reached $10.3 billion, up from $9.9 billion in the previous quarter.

• Total deposits increased to $8.4 billion, driven by international growth.

• Net income attributable to shareholders was $21.0 million, up from $17.9 million; diluted EPS was $0.53, up from $0.44.

• Net interest income rose to $82.6 million, with net interest margin at 3.52%.

• Efficiency ratio improved slightly to 68.37%.

Outlook and guidance

• Expect total loans to reach $7.3 billion and deposits $9.1 billion by Q4 2026, driven by international deposit growth.

• Net interest margin projected to remain around 3.50% for the rest of the year.

• Operating expenses expected to decline to $66–67 million in Q4, targeting an efficiency ratio of ~60%.

• Continued focus on capital optimization, balancing growth, buybacks, and dividends.

• ROA expected to reach 1% by year-end, driven by NII and low-cost deposit growth.