Amerant Bancorp (AMTB) investor relations material

Executive summary

• Net income rose to $23.0 million in Q2 2025, up from $12.0 million in Q1 and 363.5% year-over-year, with EPS at $0.55.

• Total assets reached $10.3 billion, with deposit growth and higher investment securities balances.

• Asset quality improved, with non-performing loans declining to $82.5 million and NPAs at $97.9 million.

• Strategic focus shifted to Florida-centric mortgage lending, with national origination scaled back and FTEs reduced.

• Board authorized $25 million for stock repurchases; $10 million spent repurchasing shares in H1 2025.

Financial highlights

• Net interest income was $90.5 million, up $4.6 million sequentially and 14.0% year-over-year; NIM improved to 3.81%.

• Provision for credit losses dropped to $6.1 million, down over 67% sequentially and year-over-year.

• Non-interest income reached $19.8 million; non-interest expense increased to $74.4 million.

• Efficiency ratio improved to 67.5% from 74.2% a year earlier; core PPNR rose to $37.1 million.

• Total deposits grew to $8.3 billion, with core deposits at $6.1 billion.

Outlook and guidance

• Organic deposit growth projected at 14–15% annualized by year-end 2025; brokered deposits to decline by at least $100 million.

• Loan growth expected at 5% annualized; investment securities to increase similarly to Q2.

• Net interest margin forecasted at approximately 3.75% for Q3; non-interest income guidance of $17.5M in Q3 and $18.5M in Q4.

• Core non-interest expenses expected to remain around $73M; efficiency ratio to be in the mid-60s.

• ROA targeted to reach 1% in the second half of 2025, barring significant macroeconomic changes.