Amerant Bancorp (AMTB) investor relations material

Executive summary

• Achieved progress on strategic priorities: business stabilization, credit portfolio optimization, and sustainable growth, with a focus on proactive credit management and growth in lower-cost international deposits.

• Net income rose to $17.9 million ($0.44 per diluted share) in Q1 2026, up from $2.7 million ($0.07 per share) in Q4 2025, reflecting improved operational efficiency and cost savings.

• Delivered significant cost savings and improved efficiency, with net income in line with guidance.

• Board declared a $0.09 per share cash dividend, payable May 29, 2026.

• Strong international deposit growth, especially from Venezuela, supporting profitability and market share.

Financial highlights

• Total assets reached $9.9 billion, up from $9.8 billion in Q4 2025, driven by higher deposit balances.

• Net income per diluted share was $0.44, up from $0.07 in the previous quarter.

• Net interest income was $80.3 million, down $9.9 million quarter-over-quarter due to lower asset yields and rate cuts.

• Non-interest expense dropped to $66.9 million, a 37.3% decrease, reflecting $30 million in annualized cost savings.

• Pre-tax, pre-provision net revenue rose to $30.7 million from $5.4 million in Q4.

Outlook and guidance

• Projected loan balances to reach $7 billion in Q2 2026, with annualized loan growth of ~7% for 2026.

• Deposit growth expected to reach $8 billion in Q2 and 8%-10% for the year, driven by Venezuela and domestic efforts.

• Net interest margin guidance for Q2 is 3.4%-3.5%, stabilizing at 3.4% by year-end.

• Quarterly expenses projected at $68-$69 million, targeting an efficiency ratio of ~60%.

• Management expressed confidence in sustainable long-term growth, emphasizing stability, predictability, and ongoing operational efficiency.