Amerant Bancorp (AMTB) investor relations material

Executive summary

• Net income was $25.7M, or $0.65 per diluted share, up 74.3% YoY and from $21.0M and $0.53 in Q2; ROA reached 1.00%.

• Priorities shifted toward sustainable growth and franchise value, emphasizing credit quality, efficiency, profitable relationships, risk-adjusted lending and disciplined shareholder returns.

Financial highlights

• NII rose 9.6% QoQ to $90.5M, but declined 3.9% YoY; provision for credit losses was $6.2M, up 30.5% QoQ.

• PPNR was $39.7M, up 24.6% QoQ and 18.2% YoY; noninterest income was $18.3M, while noninterest expense was $69.1M.

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

• From year-end 2025, assets rose 4.4%, gross loans 5.6% and deposits 5.9%; nine-month net income increased 30.0% to $64.6M, with diluted EPS of $1.62 vs. $1.19.

Outlook and guidance

• Q4 loans are projected at ~$7.3B and deposits at ~$8.5B, with expected deposit growth mix of 60% international and 40% domestic.

• Q4 NIM guidance is 3.65%-3.70%; management expects closer to 3.70% if rates rise and 3.65% if rates are stable.

• Q4 noninterest expense is expected at ~$68M; early-2027 run-rate expense is projected 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; priorities include recurring cost reductions, profitable relationships and disciplined loan growth.