Miami, FL, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Amerant Bank, Florida’s bank of choice, in partnership with Sedano’s Supermarkets, one of Florida's leading supermarket chains serving Hispanic communities, proudly announced the final donation to Centro Mater, a prominent local children’s charity, following the successful conclusion of their community-driven reusable bag initiative. The check presentation took place on Friday, September 26, where leaders from Amerant, Sedano’s, and Centro Mater gathered to cele ...

Reusable Bag Program at Sedano’s and Fresco y Más Locations Helped Raise Funds to Support Educational and Social Services for Local Families Check presented from Sedano's and Amerant Bank to Centro Mater Foundation Pictured from left to right: Agustin Herrán, CEO and President of Sedano's Supermarkets, Centro Mater Foundation Board Members - Ana Ortega and Josie Romano Brown, and Jerry Plush, Chairman and CEO of Amerant Bank Check presented to Centro Mater Foundation Pictured from left to right: Agus ...

Core Insights - Amerant Bank has opened its first Miami Beach Banking Center, marking its 21st banking center in Florida, as part of its expansion strategy in South Florida [1][3] - The new banking center is strategically located on Arthur Godfrey Road, covering an area of 2,838 square feet, and aims to serve residents, business owners, and visitors [2] - The bank plans to open a second Miami Beach banking center in Bay Harbor by late 2025, further solidifying its presence in the area [2][3] Company Strategy - The opening of the Miami Beach Banking Center reflects Amerant Bank's commitment to strategically grow in key markets across Florida while providing relationship-focused service [3] - In the past two years, Amerant has opened new banking centers in Downtown Miami, Fort Lauderdale, and West Palm Beach, enhancing its position as Florida's bank of choice [3] - The bank has announced plans to expand into the greater Tampa market, with new locations in Tampa and St. Petersburg expected to open before the end of 2025 and early 2026, respectively [3] Operational Details - The Miami Beach Banking Center will operate Monday through Thursday from 9:00 a.m. to 4:00 p.m., and Friday from 9:00 a.m. to 5:00 p.m. [4] - Amerant Bank has been serving clients for over 45 years and is recognized for its community involvement and support for non-profit organizations [4]

Core Insights - Amerant Bank has entered a multi-year partnership to become the "Hometown Bank" of the Miami Dolphins and Hard Rock Stadium, enhancing its brand presence in the South Florida market [1][2] - The partnership aims to build brand awareness and create exclusive experiences for customers and communities, aligning with Amerant's strategy of partnering with respected organizations [2] - The partnership includes branding opportunities at Hard Rock Stadium, including The NINE, a luxury hospitality experience [2][3] Company Overview - Amerant Bank is a subsidiary of Amerant Bancorp Inc. (NYSE: AMTB) and has been serving clients in Florida for over 45 years, with a focus on community support and non-profit organizations [4] - The bank has expanded its banking center plans across South and Central Florida, complementing its sports partnerships with teams like the Tampa Bay Rays, Miami Marlins, Miami Heat, and Florida Panthers [3] Miami Dolphins Overview - The Miami Dolphins are the oldest major-league professional sports franchise in Florida, established in 1966, and have won two Super Bowls [5] - The team plays at Hard Rock Stadium and has a notable history, including being the only NFL franchise to complete an undefeated season [5] Hard Rock Stadium Overview - Hard Rock Stadium is a premier entertainment venue hosting various events, including NFL games, college football, and major concerts, and holds LEED Gold certification for sustainability [6]

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1 Financial Statements](index=4&type=section&id=Item%201%20Financial%20Statements) This section presents the unaudited consolidated financial statements of Amerant Bancorp Inc. and its subsidiaries, including balance sheets, statements of operations, comprehensive income, changes in stockholders' equity, and cash flows, along with detailed notes [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets%20as%20of%20June%2030%2C%202025%20%28Unaudited%29%20and%20December%2031%2C%202024) Total assets increased, driven by growth in securities and cash, while liabilities rose due to higher deposits and FHLB advances Consolidated Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | December 31, 2024 | Change ($) | Change (%) | | :-------------------------------- | :------------ | :---------------- | :--------- | :--------- | | Total Assets | $10,334,678 | $9,901,734 | $432,944 | 4.4% | | Cash and cash equivalents | $636,837 | $590,359 | $46,478 | 7.9% | | Securities | $1,970,888 | $1,497,925 | $472,963 | 31.6% | | Loans held for investment, net | $7,096,604 | $7,143,448 | $(46,844) | -0.7% | | Total Liabilities | $9,410,392 | $9,011,267 | $399,125 | 4.4% | | Total Deposits | $8,306,544 | $7,854,595 | $451,949 | 5.8% | | Advances from FHLB | $765,000 | $745,000 | $20,000 | 2.7% | | Total Stockholders' Equity | $924,286 | $890,467 | $33,819 | 3.8% | [Consolidated Statements of Operations and Comprehensive Income](index=5&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20for%20the%20three%20and%20six%20month%20periods%20ended%20June%2030%2C%202025%20and%202024%20%28Unaudited%29) Net income and comprehensive income significantly increased for both periods, driven by higher net interest income and reduced credit loss provisions Consolidated Statements of Operations Highlights (in thousands, except EPS) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | Change ($) | Change (%) | | :----------------------------------- | :--------------------------- | :--------------------------- | :--------- | :--------- | | Total interest income | $151,095 | $146,409 | $4,686 | 3.2% | | Total interest expense | $60,616 | $67,054 | $(6,438) | -9.6% | | Net interest income | $90,479 | $79,355 | $11,124 | 14.0% | | Provision for credit losses | $6,060 | $19,150 | $(13,090) | -68.4% | | Total noninterest income | $19,778 | $19,420 | $358 | 1.8% | | Total noninterest expenses | $74,400 | $73,302 | $1,098 | 1.5% | | Net income attributable to Amerant Bancorp Inc. | $23,002 | $4,963 | $18,039 | 363.5% | | Basic earnings per common share | $0.55 | $0.15 | $0.40 | 266.7% | | Diluted earnings per common share | $0.55 | $0.15 | $0.40 | 266.7% | | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | Change ($) | Change (%) | | :----------------------------------- | :--------------------------- | :--------------------------- | :--------- | :--------- | | Total interest income | $297,503 | $291,034 | $6,469 | 2.2% | | Total interest expense | $121,120 | $133,711 | $(12,591) | -9.4% | | Net interest income | $176,383 | $157,323 | $19,060 | 12.1% | | Provision for credit losses | $24,506 | $31,550 | $(7,044) | -22.3% | | Total noninterest income | $39,303 | $33,908 | $5,395 | 15.9% | | Total noninterest expenses | $145,954 | $139,896 | $6,058 | 4.3% | | Net income attributable to Amerant Bancorp Inc. | $34,960 | $15,531 | $19,429 | 125.1% | | Basic earnings per common share | $0.83 | $0.46 | $0.37 | 80.4% | | Diluted earnings per common share | $0.83 | $0.46 | $0.37 | 80.4% | - Other comprehensive income (loss) for the six months ended June 30, 2025, was a gain of **$14.358 million**, a significant improvement from a loss of **$8.119 million** in the same period of 2024, primarily due to net unrealized holding gains on debt securities available for sale[12](index=12&type=chunk)[131](index=131&type=chunk) [Consolidated Statements of Changes in Stockholders' Equity](index=7&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity%20for%20the%20three%20and%20six%20month%20periods%20ended%20June%2030%2C%202025%20and%202024%20%28Unaudited%29) Stockholders' equity increased to **$924.3 million** at June 30, 2025, driven by net income and other comprehensive income, partially offset by common stock repurchases and dividends Changes in Stockholders' Equity (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--------------------------------- | :------------ | :---------------- | | Balance at beginning of period | $890,467 | N/A | | Net income | $34,960 | N/A | | Other comprehensive income | $14,358 | N/A | | Repurchase of Class A common stock | $(10,000) | N/A | | Dividends paid | $(7,651) | N/A | | Balance at end of period | $924,286 | $890,467 | - The Company repurchased **491,093 shares** of Class A common stock for **$10.0 million** in the six months ended June 30, 2025, at a weighted average price of **$20.36 per share**[30](index=30&type=chunk)[392](index=392&type=chunk) - Dividends paid totaled **$7.651 million** in the six months ended June 30, 2025, with a dividend per share of **$0.09**[32](index=32&type=chunk)[393](index=393&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20for%20the%20six%20months%20ended%20June%2030%2C%202025%20and%202024%20%28Unaudited%29) Operating cash flows significantly increased in the first half of 2025, while investing activities resulted in a substantial net cash outflow, and financing activities provided a large net cash inflow Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :----------------------------------- | :--------------------------- | :--------------------------- | | Net cash provided by operating activities | $77,800 | $447 | | Net cash used in investing activities | $(425,151) | $(41,160) | | Net cash provided by financing activities | $393,829 | $29,160 | | Net increase in cash and cash equivalents and restricted cash | $46,478 | $(11,553) | | Cash, cash equivalents and restricted cash, end of period | $636,837 | $310,319 | - Operating cash flows were positively impacted by net income of **$34.96 million** and a provision for credit losses of **$24.51 million** in the first half of 2025[18](index=18&type=chunk) - Investing activities included **$546.31 million** in purchases of investment securities (available for sale and trading) and **$7.0 million** in bank-owned life insurance purchases, partially offset by **$93.49 million** from maturities/sales of securities and **$24.58 million** from loan portfolio sales[18](index=18&type=chunk) - Financing activities were boosted by a **$523.48 million** net increase in demand, savings, and money market accounts, and **$20.0 million** net proceeds from FHLB advances, but offset by **$71.53 million** decrease in time deposits and **$60.0 million** redemption of senior notes[18](index=18&type=chunk) [Notes to Interim Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Interim%20Consolidated%20Financial%20Statements%20%28Unaudited%29) The notes provide detailed disclosures on business operations, accounting policies, financial instrument composition, credit quality, and fair value measurements, offering crucial context to the interim financial statements [Note 1. Business, Basis of Presentation and Summary of Significant Accounting Policies](index=11&type=section&id=1.%20Business%2C%20Basis%20of%20Presentation%20and%20Summary%20of%20Significant%20Accounting%20Policies) Amerant Bancorp Inc. operates as a bank holding company, focusing on Florida markets, with strategic shifts including Cayman Bank dissolution, Amerant Mortgage refocus, and senior note redemption - The Company is executing a plan for the dissolution of Elant Bank & Trust Ltd. (Cayman Bank), expected to be completed in 2025[22](index=22&type=chunk) - Amerant Mortgage is transitioning its focus from national mortgage origination to in-footprint lending in Florida, with plans to reduce FTE count from **77 to approximately 20** by early Q4 2025[23](index=23&type=chunk) - On April 1, 2025, the Company redeemed **$60.0 million** of its 5.75% Senior Notes due June 30, 2025, at 100% of principal plus accrued interest[25](index=25&type=chunk) - The Company repurchased **491,093 shares** of Class A common stock for **$10.0 million** in the six months ended June 30, 2025, under its Stock Repurchase Program, which was increased to **$25 million** on May 28, 2025, and extended to December 31, 2025[29](index=29&type=chunk)[30](index=30&type=chunk) Dividends Declared and Paid (in millions) | Declaration Date | Record Date | Payment Date | Dividend Per Share | Dividend Amount | | :--------------- | :---------- | :----------- | :----------------- | :-------------- | | 04/23/2025 | 05/15/2025 | 05/30/2025 | $0.09 | $3.8 | | 01/22/2025 | 02/14/2025 | 02/28/2025 | $0.09 | $3.8 | [Note 2. Interest Earning Deposits with Banks, Other Short-Term Investments and Restricted Cash](index=15&type=section&id=2.%20Interest%20Earning%20Deposits%20with%20Banks%2C%20Other%20Short-Term%20Investments%20and%20Restricted%20Cash) Interest-earning deposits with banks increased to **$573.4 million** at June 30, 2025, while restricted cash balances significantly decreased to **$8.0 million** Interest Earning Deposits and Restricted Cash (in millions) | Metric | June 30, 2025 | December 31, 2024 | | :---------------------------------- | :------------ | :---------------- | | Interest earning deposits with banks | $573.4 | $519.9 | | Average interest rate on deposits | 4.44% | 5.31% | | Restricted cash balances | $8.0 | $24.4 | | Obligation for pledged cash collateral | $6.3 | $23.5 | [Note 3. Securities](index=16&type=section&id=3.%20Securities) The securities portfolio significantly increased, driven by debt securities available for sale and new trading securities, with a decrease in net unrealized losses on available-for-sale debt securities Securities Portfolio Composition (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------------------- | :------------ | :---------------- | | Debt securities available for sale (Fair Value) | $1,788,708 | $1,437,170 | | Trading securities (Fair Value) | $120,226 | $0 | | Equity securities with readily determinable fair value | $2,525 | $2,477 | | Federal Reserve Bank and FHLB stock | $59,429 | $58,278 | | Total Securities | $1,970,888 | $1,497,925 | Debt Securities Available for Sale - Unrealized Gains/Losses (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--------------------------------- | :------------ | :---------------- | | Gross Unrealized Gains | $3,725 | $906 | | Gross Unrealized Losses | $(39,112) | $(55,734) | | Net Unrealized Losses | $(35,387) | $(54,828) | - The Company began participating in trading of MBS as part of its investment portfolio strategy in the three months ended June 30, 2025, resulting in **$120.2 million** in trading securities[55](index=55&type=chunk)[362](index=362&type=chunk) - Securities pledged as collateral decreased to **$75.2 million** at June 30, 2025, from **$135.7 million** at December 31, 2024[58](index=58&type=chunk) [Note 4. Loans](index=21&type=section&id=4.%20Loans) Loans held for investment slightly decreased, with shifts in composition, while nonaccrual loans and past due accruing loans saw reductions Loans Held for Investment, Gross (in thousands) | Loan Class | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Commercial real estate | $2,685,792 | $2,497,912 | | Single-family residential | $1,542,447 | $1,528,080 | | Owner occupied | $983,090 | $1,007,074 | | Commercial loans | $1,566,420 | $1,751,902 | | Loans to financial institutions and acceptances | $156,918 | $170,435 | | Consumer loans and overdrafts | $248,456 | $273,008 | | Total loans held for investment, gross | $7,183,123 | $7,228,411 | Nonaccrual Loans and Past Due Accruing Loans (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Total Nonaccrual Loans | $81,293 | $100,022 | | Loans Past Due Over 90 Days and Still Accruing | $1,192 | $4,079 | - Loans with outstanding principal balances of **$2.0 billion** were pledged as collateral to secure advances from the FHLB at June 30, 2025[61](index=61&type=chunk) - Mortgage loans held for sale at fair value decreased significantly to **$6.073 million** at June 30, 2025, from **$42.911 million** at December 31, 2024[68](index=68&type=chunk) - The Company's loan portfolio has a concentration of risk in South Florida, greater Tampa, Houston, and the five New York City boroughs[70](index=70&type=chunk) [Note 5. Allowance for Credit Losses](index=25&type=section&id=5.%20Allowance%20for%20Credit%20Losses) The Allowance for Credit Losses (ACL) slightly increased, with a lower provision for credit losses and significantly reduced net charge-offs, reflecting proactive credit quality monitoring Allowance for Credit Losses (ACL) Summary (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Balance at end of period | $86,519 | $84,963 | | ACL as a percentage of total loans held for investment | 1.20% | 1.18% | | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | | Provision for credit losses - loans | $20,756 | $30,050 | | Total Charge-offs | $(23,959) | $(33,416) | | Total Recoveries | $4,759 | $2,262 | | Net charge-offs | $(19,200) | $(31,154) | - The provision for credit losses on loans for the six months ended June 30, 2025, included **$14.1 million** for specific reserves, **$10.0 million** to cover net charge-offs, and **$4.7 million** due to macroeconomic factors, partially offset by releases[76](index=76&type=chunk)[252](index=252&type=chunk) - Net charge-offs over average total loan portfolio held for investment decreased to **0.54%** in the first six months of 2025 from **0.91%** in the same period of 2024[256](index=256&type=chunk) - Collateral-dependent loans totaled **$132.961 million** at June 30, 2025, with no specific reserves, compared to **$156.293 million** with **$2.105 million** in specific reserves at December 31, 2024[101](index=101&type=chunk)[103](index=103&type=chunk) - Classified loans increased by **$49.0 million**, or **29.4%**, to **$215.4 million** at June 30, 2025, primarily due to downgrades of CRE and commercial loans[351](index=351&type=chunk) - Special mention loans increased to **$132.759 million** at June 30, 2025, driven by downgrades of commercial and CRE loans, but all remained current[357](index=357&type=chunk) [Note 6. Time Deposits](index=41&type=section&id=6.%20Time%20Deposits) Time deposits in denominations of **$100,000 or more** remained stable at approximately **$1.3 billion** at June 30, 2025, while brokered time deposits decreased Large Time Deposits by Maturity (in thousands) | Maturity | June 30, 2025 | December 31, 2024 | | :--------------- | :------------ | :---------------- | | Less than 3 months | $340,121 | $386,857 | | 3 to 6 months | $475,966 | $349,673 | | 6 to 12 months | $385,281 | $464,812 | | 1 to 3 years | $42,036 | $53,745 | | Over 3 years | $16,607 | $15,386 | | Total | $1,260,011 | $1,270,473 | - Brokered time deposits amounted to **$635 million** at June 30, 2025, down from **$702 million** at December 31, 2024[108](index=108&type=chunk) [Note 7. Advances from the Federal Home Loan Bank](index=42&type=section&id=7.%20Advances%20from%20the%20Federal%20Home%20Loan%20Bank) Outstanding advances from the FHLB increased to **$765.0 million** at June 30, 2025, including a new variable rate advance maturing in 2025 FHLB Advances Outstanding (in thousands) | Year of Maturity | Interest Rate | Interest Rate Type | June 30, 2025 | December 31, 2024 | | :--------------- | :------------ | :----------------- | :------------ | :---------------- | | 2025 | 4.58% | Variable | $50,000 | $0 | | 2025 | 4.44% | Fixed | $0 | $30,000 | | 2026 | 4.90% | Fixed | $10,000 | $10,000 | | 2027 | 4.67% to 4.89% | Fixed | $200,000 | $200,000 | | 2029 | 3.54% to 4.45% | Fixed | $505,000 | $505,000 | | Total | | | $765,000 | $745,000 | [Note 8. Derivative Instruments](index=43&type=section&id=8.%20Derivative%20Instruments) The total notional amount of derivative instruments increased to **$3.68 billion**, primarily driven by customer-related interest rate swaps, with corresponding increases in fair value of derivative assets and liabilities Derivative Instruments Notional Amounts and Fair Values (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Total Notional Amounts | $3,675,726 | $3,192,333 | | Total Derivative Assets (Fair Value) | $43,697 | $48,011 | | Total Derivative Liabilities (Fair Value) | $44,571 | $47,615 | - Interest rate swaps designated as cash flow hedges on debt instruments had a notional amount of **$64.2 million**, with unrealized gains of **$0.1 million** in Q2 2025[115](index=115&type=chunk) - Customer-related interest rate swaps increased in notional amount to **$1.51 billion** at June 30, 2025, from **$1.31 billion** at December 31, 2024[113](index=113&type=chunk) - Economic hedges, primarily forward to-be-announced (TBA) mortgage-backed securities, resulted in a net unrealized loss of **$1.9 million** in the three and six months ended June 30, 2025[123](index=123&type=chunk) - Cash held as collateral for derivatives margin calls decreased to **$6.3 million** at June 30, 2025, from **$23.5 million** at December 31, 2024[125](index=125&type=chunk) [Note 9. Income Taxes](index=47&type=section&id=9.%20Income%20Taxes) Income tax expense increased significantly due to higher pre-tax income, with the effective combined federal and state tax rate rising to **22.70%** for the six months ended June 30, 2025 Income Tax Expense and Effective Tax Rates (in thousands, except percentages) | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | | Income before income tax expense | $45,226 | $19,785 | | Income tax expense | $10,266 | $4,254 | | Effective combined federal and state tax rate | 22.70% | 21.50% | - Net deferred tax assets decreased by **$2.6 million** to **$51.0 million** at June 30, 2025, primarily due to a decrease related to net unrealized holding gains on debt securities available for sale[301](index=301&type=chunk) [Note 10. Accumulated Other Comprehensive Loss/Income ("AOCL/AOCI")](index=47&type=section&id=10.%20Accumulated%20Other%20Comprehensive%20Loss%2FIncome%20%28%22AOCL%2FAOCI%22%29) Total Accumulated Other Comprehensive Loss (AOCL) improved significantly, decreasing to **$25.4 million** at June 30, 2025, primarily driven by net unrealized holding gains on debt securities available for sale Components of AOCL (Net of Tax, in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------------------- | :------------ | :---------------- | | Net unrealized holding losses on debt securities available for sale | $(26,346) | $(40,822) | | Net unrealized holding gains on interest rate swaps designated as cash flow hedges | $898 | $1,016 | | Total AOCL | $(25,448) | $(39,806) | - For the six months ended June 30, 2025, the change in fair value of debt securities available for sale resulted in a net unrealized holding gain of **$14.476 million** (net of tax), a substantial improvement from a loss of **$8.082 million** in the prior year[131](index=131&type=chunk) [Note 11. Commitments and Contingencies](index=50&type=section&id=11.%20Commitments%20and%20Contingencies) Off-balance sheet credit risk exposures, including commitments to extend credit and letters of credit, increased to **$1.93 billion** at June 30, 2025, with a corresponding increase in the allowance for credit losses Off-Balance Sheet Credit Risk (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------- | :------------ | :---------------- | | Commitments to extend credit | $1,746,571 | $1,389,894 | | Standby letters of credit | $181,246 | $149,029 | | Commercial letters of credit | $315 | $0 | | Total | $1,928,132 | $1,538,923 | Allowance for Off-Balance Sheet Credit Risk (in thousands) | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | | Balances at end of period | $9,692 | $4,602 | | Provision for credit losses - off balance sheet exposures | $3,750 | $1,500 | [Note 12. Fair Value Measurements](index=51&type=section&id=12.%20Fair%20Value%20Measurements) The Company measures a significant portion of its assets and liabilities at fair value on a recurring basis, primarily using observable market inputs (Level 2), with non-recurring measurements for loans and OREO using Level 3 inputs Assets Measured at Fair Value on a Recurring Basis (in thousands) | Asset Category | Level 1 | Level 2 | Level 3 | Total | | :------------------------------------------------- | :------ | :-------- | :------ | :-------- | | Other short-term investments | $0 | $7,083 | $0 | $7,083 | | Trading securities | $0 | $120,226 | $0 | $120,226 | | Debt securities available for sale | $0 | $1,788,708 | $0 | $1,788,708 | | Equity securities with readily determinable fair value | $2,525 | $0 | $0 | $2,525 | | Mortgage loans held for sale (at fair value) | $0 | $6,073 | $0 | $6,073 | | Bank owned life insurance | $0 | $255,487 | $0 | $255,487 | | Mortgage servicing rights (MSRs) | $0 | $0 | $1,460 | $1,460 | | Derivative instruments | $0 | $43,697 | $0 | $43,697 | | Total Assets | $2,525 | $2,221,274 | $1,460 | $2,225,259 | Liabilities Measured at Fair Value on a Recurring Basis (in thousands) | Liability Category | Level 1 | Level 2 | Level 3 | Total | | :------------------- | :------ | :-------- | :------ | :-------- | | Derivative instruments | $0 | $44,571 | $0 | $44,571 | Assets Measured at Fair Value on a Nonrecurring Basis (in thousands) | Asset Category | Carrying Amount | Level 1 | Level 2 | Level 3 | Total Write Downs | | :------------------------------------------------- | :-------------- | :------ | :------ | :-------- | :---------------- | | Loans held for investment measured for credit deterioration using the fair value of the collateral | $5,890 | $0 | $0 | $5,890 | $11,382 | | Other Real Estate Owned (OREO) | $15,389 | $0 | $0 | $15,389 | $1,356 | | Total | $21,279 | $0 | $0 | $21,279 | $12,738 | - The fair value of collateral-dependent loans and OREO is primarily determined using third-party appraisals, which are considered Level 3 valuations due to the use of professional judgment and adjustments for market conditions[144](index=144&type=chunk)[145](index=145&type=chunk) [Note 13. Earnings Per Share](index=56&type=section&id=13.%20Earnings%20Per%20Share) Basic and diluted earnings per share significantly increased for both the three and six months ended June 30, 2025, reflecting improved net income and higher dilutive effects of share-based compensation Earnings Per Share (in thousands, except per share amounts) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Net income available to common stockholders | $23,002 | $4,963 | $34,960 | $15,531 | | Basic weighted average shares outstanding | 41,805,550 | 33,581,604 | 41,909,948 | 33,559,836 | | Diluted weighted average shares outstanding | 41,873,551 | 33,780,666 | 42,029,575 | 33,801,114 | | Basic earnings per common share | $0.55 | $0.15 | $0.83 | $0.46 | | Diluted earnings per common share | $0.55 | $0.15 | $0.83 | $0.46 | [Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations](index=57&type=section&id=Item%202%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on Amerant Bancorp Inc.'s financial performance and condition, highlighting key drivers, strategic initiatives, and the macroeconomic environment [Cautionary Notice Regarding Forward-Looking Statements](index=57&type=section&id=Cautionary%20Notice%20Regarding%20Forward-Looking%20Statements) This section advises that the report contains forward-looking statements subject to various risks and uncertainties, which could cause actual results to differ materially - Forward-looking statements are identified by words such as 'may,' 'will,' 'anticipate,' 'expect,' 'estimate,' 'plan,' and similar expressions[153](index=153&type=chunk) - Key risk factors include liquidity risks, potential inadequacy of allowance for credit losses, concentration of CRE loans, cybersecurity threats, and the ability to achieve strategic plans[153](index=153&type=chunk)[154](index=154&type=chunk) - The Company does not undertake any obligation to update or revise forward-looking statements, except as required by law[157](index=157&type=chunk) [Overview](index=61&type=section&id=Overview) Amerant Bancorp Inc. is a Florida-based bank holding company, strengthening its leadership, expanding banking centers, and refocusing Amerant Mortgage, amidst an uncertain macroeconomic outlook - Amerant Bancorp Inc. provides deposit, credit, investment, wealth management, retail banking, mortgage, and fiduciary services, primarily in South Florida and Tampa[158](index=158&type=chunk) - Strategic additions to the leadership team in Q1 and Q2 2025 include a new Chief Credit Officer, Head of Treasury Management, Head of Special Assets, and Head of Business Development[161](index=161&type=chunk) - New regional headquarters and banking centers opened in West Palm Beach, with planned openings in Miami Beach and downtown Tampa, and regulatory approval for a St. Petersburg location in mid-2026[162](index=162&type=chunk) - Amerant Mortgage is transitioning to focus on in-footprint mortgage lending, reducing FTEs from **77 to approximately 20**[163](index=163&type=chunk) - The macroeconomic environment is characterized by heightened uncertainty due to tariff policies, steady Federal Reserve interest rates, and mixed employment and sector data, with signs of an economic slowdown emerging[165](index=165&type=chunk)[166](index=166&type=chunk)[167](index=167&type=chunk) [Primary Factors Used to Evaluate Our Business](index=63&type=section&id=Primary%20Factors%20Used%20to%20Evaluate%20Our%20Business) The Company evaluates its business performance using key financial indicators such as net interest income, noninterest income, and noninterest expenses, while also tracking non-routine items - Primary factors for evaluating results of operations include net interest income, noninterest income, noninterest expenses, and financial performance indicators like ROA and ROE[171](index=171&type=chunk) - Net interest income is evaluated by monitoring yields on interest-earning assets, costs of funding sources, net interest spread, net interest margin (NIM), and provisions for credit losses[172](index=172&type=chunk) - Noninterest income sources include deposit and service fees, brokerage/advisory/fiduciary activities, BOLI value changes, card and trade finance fees, securities gains/losses, and loan-level derivative income[174](index=174&type=chunk) - Noninterest expenses comprise salaries and employee benefits, occupancy and equipment, professional fees, loan-level derivative expenses, FDIC assessments, telecommunication, depreciation, advertising, OREO expenses, and other operating costs[184](index=184&type=chunk) [Primary Factors Used to Evaluate Our Financial Condition](index=66&type=section&id=Primary%20Factors%20Used%20to%20Evaluate%20Our%20Financial%20Condition) The Company assesses its financial condition based on asset quality, capital adequacy, and liquidity, managing diversification, problem assets, regulatory ratios, and funding sources - Asset quality is managed by evaluating the level, distribution, and risks in asset categories, including classified, delinquent, nonaccrual, and nonperforming assets, and the adequacy of the allowance for credit losses[195](index=195&type=chunk) - Capital is managed based on regulatory minimums (Tier 1, Total, CET1, Leverage ratios), problem asset trends, earnings quality, and balance sheet risk exposures[196](index=196&type=chunk) - Liquidity management considers core deposits (total deposits excluding all time deposits), funding source diversification, short-term funding, non-deposit funding, unused funding sources, and liquid assets[197](index=197&type=chunk)[198](index=198&type=chunk) - Loan production generally experiences seasonality, with the lowest volume typically in the first quarter[199](index=199&type=chunk) [Summary Results](index=67&type=section&id=Summary%20Results) Amerant Bancorp Inc. reported strong financial performance for the three and six months ended June 30, 2025, with significant increases in total assets, deposits, net interest income, and net income, alongside improved asset quality and profitability ratios Key Financial Highlights (in millions, except percentages) | Metric | June 30, 2025 | December 31, 2024 | Change ($) | Change (%) | | :------------------------------------ | :------------ | :---------------- | :--------- | :--------- | | Total assets | $10,300 | $9,900 | $432.9 | 4.4% | | Total gross loans | $7,200 | $7,300 | $(82.1) | -1.1% | | Cash and cash equivalents | $636.8 | $590.4 | $46.5 | 7.9% | | Total deposits | $8,300 | $7,900 | $451.9 | 5.8% | | Total advances from FHLB | $765.0 | $745.0 | $20.0 | 2.7% | | Total non-performing assets | $97.9 | $122.2 | $(24.3) | -19.9% | | Allowance for credit losses (ACL) | $86.5 | $85.0 | $1.6 | 1.8% | | Assets Under Management and custody (AUM) | $3,100 | $2,900 | $175.0 | 6.1% | | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | Change ($) | Change (%) | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------- | :--------- | | Net Interest Margin (NIM) | 3.81% | 3.56% | 0.25% | 7.0% | | Average yield on loans | 6.88% | 7.08% | -0.20% | -2.8% | | Average cost of total deposits | 2.53% | 2.98% | -0.45% | -15.1% | | Loan to deposit ratio | 86.5% | 92.6% | -6.1% | -6.6% | | Pre-provision net revenue (PPNR) | $35.9 | $25.5 | $10.4 | 40.8% | | Net Interest Income (NII) | $90.5 | $79.4 | $11.1 | 14.0% | | Provision for credit losses | $6.1 | $19.2 | $(13.1) | -68.4% | | Non-interest income | $19.8 | $19.4 | $0.4 | 1.8% | | Non-interest expense | $74.4 | $73.3 | $1.1 | 1.5% | | Efficiency ratio | 67.5% | 74.2% | -6.7% | -9.0% | | Return on average Assets (ROA) | 0.90% | 0.21% | 0.69% | 328.6% | | Return on average equity (ROE) | 10.06% | 2.68% | 7.38% | 275.4% | [Results of Operations](index=70&type=section&id=Results%20of%20Operations%20-%20Comparison%20of%20Results%20of%20Operations%20for%20the%20Three%20and%20Six%20Month%20Periods%20Ended%20June%2030%2C%202025%20and%202024) Amerant Bancorp Inc. demonstrated strong operational improvements for the three and six months ended June 30, 2025, with significant growth in net income driven by increased net interest income and reduced credit loss provisions [Net Income](index=70&type=section&id=Net%20income) Net income attributable to Amerant Bancorp Inc. surged by **363.5%** to **$23.0 million** in Q2 2025 and by **125.1%** to **$35.0 million** in H1 2025, primarily due to higher net interest income and lower provision for credit losses Net Income and EPS (in thousands, except per share amounts) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | Change ($) | Change (%) | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------- | :--------- | | Net income attributable to Amerant Bancorp Inc. | $23,002 | $4,963 | $18,039 | 363.5% | | Basic earnings per common share | $0.55 | $0.15 | $0.40 | 266.7% | | Diluted earnings per common share | $0.55 | $0.15 | $0.40 | 266.7% | | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | Change ($) | Change (%) | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------- | :--------- | | Net income attributable to Amerant Bancorp Inc. | $34,960 | $15,531 | $19,429 | 125.1% | | Basic earnings per common share | $0.83 | $0.46 | $0.37 | 80.4% | | Diluted earnings per common share | $0.83 | $0.46 | $0.37 | 80.4% | - The increase in net income was primarily driven by a **$11.1 million (14.0%)** increase in net interest income and a **$13.1 million (68.4%)** decrease in provision for credit losses for Q2 2025[204](index=204&type=chunk) - Noninterest expense increased by **$1.1 million (1.5%)** in Q2 2025, partially offsetting the income gains[208](index=208&type=chunk) - Non-routine noninterest expenses in Q2 2024 included **$3.4 million** in fixed assets impairment and **$1.3 million** loss on loans held for sale related to the Houston Sale Transaction[209](index=209&type=chunk) [Average Balance Sheet, Interest and Yield/Rate Analysis](index=73&type=section&id=Average%20Balance%20Sheet%2C%20Interest%20and%20Yield%2FRate%20Analysis) The average balance sheet analysis reveals an increase in total interest-earning assets, particularly debt securities and deposits with banks, leading to an improved net interest margin despite a slight decrease in average asset yield Average Balance Sheet and Yield/Rate Analysis (3 Months Ended June 30, in thousands, except percentages) | Metric | 2025 Average Balances | 2025 Income/Expense | 2025 Yield/Rates | 2024 Average Balances | 2024 Income/Expense | 2024 Yield/Rates | | :------------------------------------ | :-------------------- | :------------------ | :--------------- | :-------------------- | :------------------ | :--------------- | | Loan portfolio, net | $7,118,087 | $122,166 | 6.88% | $7,049,109 | $124,117 | 7.08% | | Debt securities available for sale | $1,769,440 | $21,931 | 4.97% | $1,267,828 | $14,104 | 4.47% | | Deposits with banks | $514,478 | $5,643 | 4.40% | $364,466 | $5,260 | 5.80% | | Total interest-earning assets | $9,527,962 | $151,095 | 6.36% | $8,966,038 | $146,409 | 6.57% | | Total interest-bearing liabilities | $7,412,162 | $60,616 | 3.28% | $7,223,989 | $67,054 | 3.73% | | Net interest income | | $90,479 | | | $79,355 | | | Net interest margin | | | 3.81% | | | 3.56% | | Cost of total deposits | | | 2.53% | | | 2.98% | Average Balance Sheet and Yield/Rate Analysis (6 Months Ended June 30, in thousands, except percentages) | Metric | 2025 Average Balances | 2025 Income/Expense | 2025 Yield/Rates | 2024 Average Balances | 2024 Income/Expense | 2024 Yield/Rates | | :------------------------------------ | :-------------------- | :------------------ | :--------------- | :-------------------- | :------------------ | :--------------- | | Loan portfolio, net | $7,145,968 | $243,187 | 6.86% | $7,018,015 | $246,822 | 7.07% | | Debt securities available for sale | $1,622,123 | $39,895 | 4.96% | $1,253,795 | $27,290 | 4.38% | | Deposits with banks | $547,262 | $12,044 | 4.44% | $393,654 | $11,011 | 5.63% | | Total interest-earning assets | $9,411,700 | $297,503 | 6.37% | $8,949,515 | $291,034 | 6.54% | | Total interest-bearing liabilities | $7,350,946 | $121,120 | 3.32% | $7,226,194 | $133,711 | 3.72% | | Net interest income | | $176,383 | | | $157,323 | | | Net interest margin | | | 3.78% | | | 3.54% | | Cost of total deposits | | | 2.56% | | | 2.99% | - The average balance of debt securities held to maturity decreased by **100%** to zero in 2025, compared to **$221.1 million** in Q2 2024 and **$223.0 million** in H1 2024[220](index=220&type=chunk)[223](index=223&type=chunk) - Average non-performing loans as a percentage of average total loans increased to **1.35%** in Q2 2025 from **0.60%** in Q2 2024, and to **1.39%** in H1 2025 from **0.61%** in H1 2024[222](index=222&type=chunk)[224](index=224&type=chunk) [Net Interest Income](index=77&type=section&id=Net%20Interest%20Income) Net interest income increased by **14.0%** in Q2 2025 and **12.1%** in H1 2025, driven by a lower cost of interest-bearing liabilities and increased average balances of debt securities, improving the net interest margin - Net interest income increased by **$11.1 million (14.0%)** in Q2 2025 and **$19.1 million (12.1%)** in H1 2025[228](index=228&type=chunk)[237](index=237&type=chunk) - The net interest margin (NIM) increased by **25 basis points** to **3.81%** in Q2 2025 and by **24 basis points** to **3.78%** in H1 2025[229](index=229&type=chunk)[237](index=237&type=chunk) - Interest expense decreased by **$6.4 million (9.6%)** in Q2 2025 and **$12.6 million (9.42%)** in H1 2025, primarily due to a **45-basis point** decrease in average rates on total interest-bearing liabilities[235](index=235&type=chunk)[243](index=243&type=chunk) - Interest income on debt securities available for sale increased by **$7.8 million (55.5%)** in Q2 2025 and **$12.6 million (46.2%)** in H1 2025, mainly due to a **39.6%** increase in average balance and a **50-basis point** increase in average yields, following an investment portfolio repositioning[233](index=233&type=chunk)[242](index=242&type=chunk) - The investment portfolio's expected overall duration decreased to **4.4 years** at June 30, 2025, from **5.3 years** at June 30, 2024, due to higher estimated prepayment assumptions and a larger proportion of floating rate securities[234](index=234&type=chunk) [Analysis of the Allowance for Credit Losses](index=80&type=section&id=Analysis%20of%20the%20Allowance%20for%20Credit%20Losses) The provision for credit losses on loans decreased significantly in both the three and six months ended June 30, 2025, with a substantial reduction in net charge-offs, improving the ratio over the average total loan portfolio Allowance for Credit Losses Activity (in thousands) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Provision for credit losses - loans | $3,560 | $17,650 | $20,756 | $30,050 | | Total Charge-offs | $(18,579) | $(20,214) | $(23,959) | $(33,416) | | Total Recoveries | $3,272 | $914 | $4,759 | $2,262 | | Net charge-offs | $(15,307) | $(19,300) | $(19,200) | $(31,154) | | Balance at end of period | $86,519 | $94,400 | $86,519 | $94,400 | - The provision for credit losses in Q2 2025 included **$6.0 million** for charge-offs and **$2.2 million** for macro-economic factors, partially offset by **$1.5 million** from lower loan balances and **$3.3 million** from recoveries[248](index=248&type=chunk) - The ratio of net charge-offs over the average total loan portfolio held for investment improved to **0.86%** in Q2 2025 (from **1.13%** in Q2 2024) and **0.54%** in H1 2025 (from **0.91%** in H1 2024)[251](index=251&type=chunk)[256](index=256&type=chunk) - In H1 2025, charge-offs included **$15.8 million** related to three commercial loans and **$5.0 million** related to purchased indirect consumer loans[253](index=253&type=chunk) [Noninterest Income](index=83&type=section&id=Noninterest%20Income) Total noninterest income increased by **1.8%** in Q2 2025 and **15.9%** in H1 2025, primarily driven by higher securities gains, loan-level derivative income, and brokerage activities, partially offset by increased derivative losses Noninterest Income Categories (in thousands) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | Change ($) | Change (%) | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------- | :--------- | | Deposits and service fees | $4,968 | $5,281 | $(313) | -5.9% | | Brokerage, advisory and fiduciary activities | $4,993 | $4,538 | $455 | 10.0% | | Loan-level derivative income | $3,204 | $2,357 | $847 | 35.9% | | Securities gains (losses), net | $1,779 | $(117) | $1,896 | N/M | | Derivative losses, net | $(1,852) | $(44) | $(1,808) | N/M | | Other noninterest income | $2,392 | $3,643 | $(1,251) | -34.3% | | Total noninterest income | $19,778 | $19,420 | $358 | 1.8% | | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | Change ($) | Change (%) | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------- | :--------- | | Deposits and service fees | $10,105 | $9,606 | $499 | 5.2% | | Brokerage, advisory and fiduciary activities | $9,722 | $8,865 | $857 | 9.7% | | Loan-level derivative income | $4,712 | $2,823 | $1,889 | 66.9% | | Securities gains (losses), net | $1,843 | $(171) | $2,014 | N/M | | Derivative losses, net | $(1,852) | $(196) | $(1,656) | N/M | | Other noninterest income | $6,637 | $5,654 | $983 | 17.4% | | Total noninterest income | $39,303 | $33,908 | $5,395 | 15.9% | - Securities gains in Q2 and H1 2025 were primarily unrealized gains on market valuation of the trading securities portfolio, offset by derivative losses from TBA MBS derivative contracts[267](index=267&type=chunk)[272](index=272&type=chunk) - Loan-level derivative income increased due to new swap contracts and income from swap terminations[268](index=268&type=chunk)[273](index=273&type=chunk) - Assets Under Management and custody (AUM) totaled **$3.07 billion** at June 30, 2025, up **6.1%** from December 31, 2024, driven by higher market valuations and net new assets[269](index=269&type=chunk) [Noninterest Expense](index=86&type=section&id=Noninterest%20Expense) Total noninterest expense increased by **1.5%** in Q2 2025 and **4.3%** in H1 2025, driven by higher salaries, professional fees, OREO expenses, advertising, and loan-level derivative expenses, partially offset by lower occupancy and equipment expenses Noninterest Expense Categories (in thousands) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | Change ($) | Change (%) | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------- | :--------- | | Salaries and employee benefits | $36,036 | $33,857 | $2,179 | 6.4% | | Professional and other services fees | $13,549 | $12,110 | $1,439 | 11.9% | | Occupancy and equipment | $5,491 | $9,041 | $(3,550) | -39.3% | | Advertising expenses | $4,819 | $4,243 | $576 | 13.6% | | Loan-level derivative expense | $1,113 | $580 | $533 | 91.9% | | Other real estate owned and repossessed assets expense (income), net | $601 | $(148) | $749 | -506.1% | | Total noninterest expenses | $74,400 | $73,302 | $1,098 | 1.5% | | Metric | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | Change ($) | Change (%) | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------- | :--------- | | Salaries and employee benefits | $69,383 | $66,815 | $2,568 | 3.8% | | Professional and other services fees | $28,231 | $23,073 | $5,158 | 22.4% | | Occupancy and equipment | $11,627 | $15,517 | $(3,890) | -25.1% | | Advertising expenses | $8,454 | $7,321 | $1,133 | 15.5% | | Loan-level derivative expense | $1,473 | $584 | $889 | 152.2% | | Other real estate owned and repossessed assets expense (income), net | $765 | $(502) | $1,267 | -252.4% | | Total noninterest expenses | $145,954 | $139,896 | $6,058 | 4.3% | - Salaries and employee benefits increased due to new hires and higher severance expenses, despite a net decrease of **28 FTEs** to **692** at June 30, 2025[286](index=286&type=chunk) - Occupancy and equipment expenses decreased significantly due to the absence of a **$3.4 million** fixed assets impairment charge in Q2 2024 related to the Houston Transaction and increased sublease income[290](index=290&type=chunk)[297](index=297&type=chunk) - Other real estate owned and repossessed assets expenses increased due to losses on sale and valuation expense on OREO properties[288](index=288&type=chunk)[294](index=294&type=chunk) - Noninterest expenses related to Amerant Mortgage were **$6.2 million** in H1 2025, down from **$6.9 million** in H1 2024, with FTEs decreasing from **83 to 35**[217](index=217&type=chunk) [Income Taxes](index=89&type=section&id=Income%20Taxes) Income tax expense increased substantially in both the three and six months ended June 30, 2025, reflecting higher pre-tax income and a slight increase in the effective income tax rate Income Taxes (in thousands, except percentages) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Income before income tax expense | $29,797 | $6,323 | $45,226 | $19,785 | | Income tax expense | $6,795 | $1,360 | $10,266 | $4,254 | | Effective income tax rate | 22.80% | 21.51% | 22.70% | 21.50% | - The increase in income tax expense was mainly driven by higher income before income taxes in 2025[300](index=300&type=chunk) - Net deferred tax assets decreased by **$2.6 million** to **$51.0 million** at June 30, 2025, primarily due to unrealized holding gains on debt securities available for sale[301](index=301&type=chunk) [Non-GAAP Financial Measures](index=90&type=section&id=Non-GAAP%20Financial%20Measures) The Company uses non-GAAP financial measures like Pre-Provision Net Revenue (PPNR) and Core PPNR to provide additional insights into its performance, showing significant improvements for the periods ended June 30, 2025 - Non-GAAP measures such as PPNR, Core PPNR, core noninterest income, and core noninterest expense are used to evaluate performance by adjusting for non-core banking activities[304](index=304&type=chunk)[305](index=305&type=chunk) Reconciliation of Non-GAAP Financial Measures (in thousands) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Pre-provision net revenue (PPNR) | $35,857 | $25,473 | $69,732 | $51,335 | | Core pre-provision net revenue (Core PPNR) | $37,122 | $31,007 | $68,668 | $57,075 | | Core noninterest income | $19,851 | $19,392 | $36,513 | $34,086 | | Core noninterest expenses | $73,208 | $67,740 | $144,228 | $134,334 | Tangible Common Equity Reconciliation (in thousands, except percentages) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Stockholders' equity | $924,286 | $890,467 | | Less: goodwill and other intangibles | $(24,016) | $(24,314) | | Tangible common stockholders' equity | $900,270 | $866,153 | | Total assets | $10,334,678 | $9,901,734 | | Less: goodwill and other intangibles | $(24,016) | $(24,314) | | Tangible assets | $10,310,662 | $9,877,420 | | Tangible common equity ratio | 8.73% | 8.77% | | Tangible stockholders' equity book value per common share | $21.56 | $20.56 | [Financial Condition](index=93&type=section&id=Financial%20Condition%20-%20Comparison%20of%20Financial%20Condition%20as%20of%20June%2030%2C%202025%20and%20December%2031%2C%202024) Amerant Bancorp Inc.'s financial condition as of June 30, 2025, shows growth in total assets, primarily driven by increased securities and cash, while total loans slightly decreased, and liabilities increased due to higher deposits and FHLB advances [Assets](index=93&type=section&id=Assets) Total assets increased by **4.4%** to **$10.3 billion** at June 30, 2025, primarily driven by a **31.6%** increase in total securities and a **7.9%** rise in cash and cash equivalents, partially offset by a slight decrease in total loans - Total assets increased by **$432.9 million (4.4%)** to **$10.3 billion** at June 30, 2025, from **$9.9 billion** at December 31, 2024[313](index=313&type=chunk) - Total securities increased by **$473.0 million (31.6%)**, and cash and cash equivalents increased by **$46.5 million (7.9%)**[313](index=313&type=chunk) - Total loans held for investment and loans held for sale, net of ACL, decreased by **$83.7 million (1.2%)**[313](index=313&type=chunk) - Net cash provided by operating activities was **$77.8 million** in H1 2025, driven by net sales of loans held for sale and net income[316](index=316&type=chunk) - Net cash used in investing activities was **$425.2 million** in H1 2025, mainly due to **$546.3 million** in purchases of investment securities[317](index=317&type=chunk) - Net cash provided by financing activities was **$393.8 million** in H1 2025, primarily from a **$523.5 million** increase in deposits and **$20.0 million** net FHLB advances[318](index=318&type=chunk) [Loans](index=94&type=section&id=Loans) Total loans held for investment decreased slightly by **0.6%** to **$7.2 billion** at June 30, 2025, with domestic loans seeing shifts in composition and international loans decreasing due to repayments Total Loans, Gross and as % of Total Assets (in thousands, except percentages) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Total loans, gross | $7,189,196 | $7,271,322 | | Total loans, gross / total assets | 69.6% | 73.4% | | Allowance for credit losses / total loans held for investment, gross | 1.20% | 1.18% | Loans Held for Investment by Type (in thousands) | Loan Type | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Domestic Real Estate Loans | $5,177,140 | $4,994,107 | | Domestic Commercial loans | $1,566,420 | $1,751,602 | | Domestic Consumer loans and overdrafts | $247,106 | $271,586 | | Total Domestic Loans | $7,147,584 | $7,187,730 | | Total International Loans | $35,539 | $40,681 | | Total Loans held for investment | $7,183,123 | $7,228,411 | - Domestic CRE loans increased by **$187.9 million (7.5%)**, and domestic single-family residential loans increased by **$19.1 million (1.3%)**[333](index=333&type=chunk) - Domestic commercial loans decreased by **$185.2 million (10.6%)**, and domestic consumer loans decreased by **$24.5 million (9.0%)**[333](index=333&type=chunk) - International loans decreased by **$5.1 million (12.6%)**, mainly due to repayments of single-family residential loans[334](index=334&type=chunk) - Loans under syndication facilities decreased by **$13.8 million (3.5%)** to **$379.9 million**[335](index=335&type=chunk) [Loan Quality](index=98&type=section&id=Loan%20Quality) The Allowance for Credit Losses (ACL) slightly increased to **1.20%** of total loans, non-performing assets decreased by **19.9%**, but classified loans and potential problem loans increased due to downgrades Non-Performing Assets (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Total Non-Accrual Loans | $81,293 | $100,022 | | Past Due Accruing Loans | $1,192 | $4,079 | | Total Non-Performing Loans | $82,485 | $104,101 | | OREO and other repossessed assets | $15,389 | $18,074 | | Total Non-Performing Assets | $97,874 | $122,175 | Loans Held for Investment by Credit Quality Indicators (in thousands) | Credit Risk Rating | June 30, 2025 | December 31, 2024 | | :------------------------------------ | :------------ | :---------------- | | Special Mention | $132,759 | $5,408 | | Substandard | $215,432 | $166,476 | | Doubtful | $0 | $0 | | Loss | $0 | $0 | | Total Classified Loans | $348,191 | $171,884 | - Non-performing loans decreased by **$21.6 million**, primarily due to loan charge-offs, repayments, and sales[201](index=201&type=chunk)[344](index=344&type=chunk) - Classified loans increased by **$49.0 million (29.4%)** to **$215.4 million**, mainly due to downgrades of **3 CRE loans ($41.6 million)** and **9 other loans ($68.8 million)** to substandard accrual[351](index=351&type=chunk) - Special mention loans increased to **$132.8 million**, driven by downgrades of **8 commercial loans ($80.3 million)** and **7 CRE loans ($91.3 million)**[357](index=357&type=chunk) - Potential problem loans (accruing loans classified as substandard and less than 90 days past due) increased to **$134.3 million** from **$62.5 million**[358](index=358&type=chunk)[359](index=359&type=chunk) [Securities](index=104&type=section&id=Securities) The total securities portfolio expanded by **31.6%** to **$1.97 billion** at June 30, 2025, driven by purchases of debt securities and the addition of trading securities, with a shortened weighted expected average effective duration Securities Portfolio Composition (in thousands, except percentages) | Security Type | June 30, 2025 Amount | June 30, 2025 % | December 31, 2024 Amount | December 31, 2024 % | | :------------------------------------------------- | :------------------- | :-------------- | :----------------------- | :---------------- | | Debt securities available for sale | $1,788,708 | 90.8% | $1,437,170 | 95.9% | | Equity securities with readily determinable fair value | $2,525 | 0.1% | $2,477 | 0.2% | | Trading securities | $120,226 | 6.1% | $0 | 0.0% | | Other securities (FHLB and Federal Reserve stock) | $59,429 | 3.0% | $58,278 | 3.9% | | Total Securities | $1,970,888 | 100.0% | $1,497,925 | 100.0% | - Net pre-tax unrealized gains of **$19.4 million** on debt securities available for sale contributed to the increase in the portfolio[364](index=364&type=chunk) - Net unrealized holding losses on debt securities available for sale decreased to **$39.1 million** at June 30, 2025, from **$55.7 million** at December 31, 2024[366](index=366&type=chunk) - The investment portfolio's weighted expected average effective duration decreased to **4.4 years** at June 30, 2025, from **5.2 years** at December 31, 2024[370](index=370&type=chunk) [Liabilities](index=107&type=section&id=Liabilities) Total liabilities increased by **4.4%** to **$9.41 billion** at June 30, 2025, primarily driven by a **5.8%** increase in total deposits and a rise in FHLB advances, partially offset by senior note redemption - Total liabilities increased by **$399.1 million (4.4%)** to **$9.41 billion** at June 30, 2025[372](index=372&type=chunk) - Total deposits increased by **$451.9 million (5.8%)** to **$8.31 billion**, driven by increases in savings and money market deposits, and noninterest-bearing demand deposits[374](index=374&type=chunk) - Core deposits increased by **$523.5 million (9.3%)** to **$6.1 billion**, representing **74.0%** of total deposits[380](index=380&type=chunk) - Brokered deposits decreased by **$57.9 million (8.3%)** to **$644.0 million**, representing **7.8%** of total deposits[381](index=381&type=chunk) - Balances from large fund providers (over **$20 million**) increased to **$1.1 billion** from **$942.3 million**[382](index=382&type=chunk) - The Company redeemed **$60.0 million** of senior notes due June 30, 2025[372](index=372&type=chunk) [Return on Equity and Assets](index=110&type=section&id=Return%20on%20Equity%20and%20Assets) Return on average assets (ROA) and return on average equity (ROE) significantly improved for both the three and six months ended June 30, 2025, reflecting higher net income and an increased average stockholders' equity to average total assets ratio Return on Equity and Assets (in thousands, except percentages) | Metric | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Net income attributable to the Company | $23,002 | $4,963 | $34,960 | $15,531 | | Basic earnings per common share | $0.55 | $0.15 | $0.83 | $0.46 | | Diluted earnings per common share | $0.55 | $0.15 | $0.83 | $0.46 | | Average total assets | $10,256,254 | $9,729,666 | $10,149,983 | $9,742,117 | | Average stockholders' equity | $917,010 | $743,458 | $914,133 | $745,041 | | ROA | 0.90% | 0.21% | 0.69% | 0.32% | | ROE | 10.06% | 2.68% | 7.71% | 4.19% | | Average stockholders' equity / Average total assets ratio | 8.94% | 7.64% | 9.01% | 7.65% | [Capital Resources and Liquidity Management](index=110&type=section&id=Capital%20Resources%20and%20Liquidity%20Management) Total stockholders' equity increased to **$924.3 million** at June 30, 2025, driven by net income and other comprehensive income, while the Company actively manages liquidity through deposits, investment securities, and FHLB advances - Total stockholders' equity increased by **$33.8 million (3.8%)** to **$924.3 million** at June 30, 2025[390](index=390&type=chunk) - The Company repurchased **$10.0 million** of Class A common stock and paid **$7.7 million** in dividends in the first six months of 2025[390](index=390&type=chunk) - Outstanding FHLB advances were **$765.0 million** at June 30, 2025, with an additional **$1.9 billion** in remaining borrowing capacity[397](index=397&type=chunk) - The Company redeemed **$60.0 million** of Senior Notes on April 1, 2025[401](index=401&type=chunk) - The Bank's Board of Directors approved a cash dividend of **$40.0 million** to the Company in July 2025[402](index=402&type=chunk) [Regulatory Capital Requirements](index=113&type=section&id=Regulatory%20Capital%20Requirements) Both the Company and the Bank maintained capital ratios well above regulatory minimums and 'well capitalized' thresholds at June 30, 2025, demonstrating strong capital adequacy Company Regulatory Capital Ratios (June 30, 2025, in thousands, except percentages) | Ratio | Actual Amount | Actual Ratio | Required for Capital Adequacy Ratio | Regulatory Minimums To be Well Capitalized Ratio | | :-------------------- | :------------ | :----------- | :---------------------------------- | :--------------------------------------------- | | Total capital ratio | $1,122,133 | 13.49% | 8.00% | 10.00% | | Tier 1 capital ratio | $996,261 | 11.97% | 6.00% | 8.00% | | Tier 1 leverage ratio | $996,261 | 9.69% | 4.00% | 5.00% | | Common Equity Tier 1 (CET1) | $935,614 | 11.24% | 4.50% | 6.50% | Bank Regulatory Capital Ratios (June 30, 2025, in thousands, except percentages) | Ratio | Actual Amount | Actual Ratio | Required for Capital Adequacy Ratio | Regulatory Minimums to be Well Capitalized Ratio | | :-------------------- | :------------ | :----------- | :---------------------------------- | :--------------------------------------------- | | Total capital ratio | $1,095,603 | 13.19% | 8.00% | 10.00% | | Tier 1 capital ratio | $999,441 | 12.03% | 6.00% | 8.00% | | Tier 1 leverage ratio | $999,441 | 9.76% | 4.00% | 5.00% | | Common Equity Tier 1 (CET1) | $999,441 | 12.03% | 4.50% | 6.50% | [Off-Balance Sheet Arrangements](index=114&type=section&id=Off-Balance%20Sheet%20Arrangements) Off-balance sheet credit risk exposures, including commitments to extend credit and letters of credit, increased to **$1.93 billion** at June 30, 2025, reflecting an increase in financial instruments representing potential future credit obligations Off-Balance Sheet Credit Risk (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------- | :------------ | :---------------- | | Commitments to extend credit | $1,746,571 | $1,389,894 | | Letters of credit | $181,561 | $149,029 | | Total | $1,928,132 | $1,538,923 | [Contractual Obligations](index=115&type=section&id=Contractual%20Obligations) The Company's contractual obligations primarily include operating leases and outsourced technology agreements, with significant changes in H1 2025 including senior note redemption, FHLB advances, and a decrease in time deposits - The Company redeemed **$60.0 million** in aggregate principal amount of its 5.75% senior notes due June 30, 2025[408](index=408&type=chunk) - The Company borrowed **$50.0 million** and repaid **$30.0 million** of FHLB advances in the six months ended June 30, 2025[409](index=409&type=chunk) - Total time deposits decreased by **$71.5 million (3.2%)** in the six months ended June 30, 2025[409](index=409&type=chunk) [Critical Accounting Policies and Estimates](index=115&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) For a comprehensive disclosure of critical accounting policies and estimates, readers are referred to the Company's 2024 Form 10-K - Critical accounting policies and estimates are disclosed in the 2024 Form 10-K[410](index=410&type=chunk) [Recently Issued Accounting Pronouncements](index=115&type=section&id=Recently%20Issued%20Accounting%20Pronouncements) For a description of recently issued accounting pronouncements, readers are referred to Note 1 to the Company's audited consolidated financial statements in the 2024 Form 10-K - A description of recently issued accounting pronouncements is available in Note 1 to the Company's audited consolidated financial statements in the 2024 Form 10-K[410](index=410&type=chunk) [Item 3 Quantitative and Qualitative Disclosures About Market Risk](index=115&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The Company's primary market risks are interest rate and price risks, monitored using sensitivity analyses, showing increased net interest income sensitivity and a decreased investment portfolio duration - Interest rate and price risks are the most significant market risks, monitored using sensitivity analyses on earnings, equity, and available-for-sale portfolio mark-to-market exposure[411](index=411&type=chunk) Earnings Sensitivity (Change in Net Interest Income, in thousands, except percentages) | Change in Interest Rates (Basis points) | June 30, 2025 | June 30, 2025 % Change | December 31, 2024 | December 31, 2024 % Change | | :-------------------------------------- | :------------ | :--------------------- | :---------------- | :------------------------- | | Increase of 200 | $27,103 | 7.3% | $24,427 | 6.8% | | Increase of 100 | $22,953 | 6.2% | $19,262 | 5.3% | | Decrease of 50 | $(3,029) | -0.8% | $(6,931) | -1.9% | | Decrease of 100 | $(16,537) | -4.5% | $(13,550) | -3.8% | | Decrease of 200 | $(32,873) | -8.9% | $(30,120) | -8.3% | Economic Value of Equity (EVE) Analysis (Percentage Change in Equity) | Change in Interest Rates (Basis points) | June 30, 2025 | December 31, 2024 | | :-------------------------------------- | :------------ | :---------------- | | Increase of 200 | -12.33% | -13.61% | | Increase of 100 | -3.29% | -4.86% | | Decrease of 50 | 1.87% | 2.24% | | Decrease of 100 | 2.35% | 3.82% | | Decrease of 200 | 1.50% | 4.50% | - The estimated average effective duration of the investment portfolio decreased to **4.4 years** at June 30, 2025, from **5.2 years** at December 31, 2024, due to higher prepayment assumptions and increased variable-rate investments[420](index=420&type=chunk) - The floating rate portfolio increased to **19%** at June 30, 2025, from **16.8%** at December 31, 2024[421](index=421&type=chunk) [Item 4 Controls and Procedures](index=119&type=section&id=Item%204%20Controls%20and%20Procedures) The Company's disclosure controls and procedures were deemed effective as of June 30, 2025, ensuring timely and accurate reporting, with no material changes in internal control over financial reporting identified - The Company's disclosure controls and procedures were evaluated and concluded to be effective as of June 30, 2025[424](index=424&type=chunk) - Management recognizes that controls provide reasonable, not absolute, assurance and involve judgment in balancing benefits and costs[425](index=425&type=chunk) -

Core Insights - SavvyMoney has partnered with Amerant Bank, marking its 1,500th financial institution partner, which underscores the company's growth and commitment to enhancing financial wellness solutions [1][3] - Amerant Bank, managing over $10 billion in assets, aims to integrate SavvyMoney's platform to provide improved credit intelligence and personalized financial tools to its customers [2][4] Company Overview - Amerant Bank is a subsidiary of Amerant Bancorp Inc. (NYSE: AMTB) and has been operational for over 45 years, maintaining an 'Outstanding' CRA rating for 20 consecutive years [2][9] - The bank serves clients across South Florida and Tampa, offering a range of banking, investment, and mortgage services [2][9] Partnership Details - The collaboration with SavvyMoney is expected to enhance Amerant's digital engagement and provide personalized financial tools, including targeted credit education [4] - Implementation of SavvyMoney's solutions is underway, with a full rollout anticipated later this year [2][4] Industry Impact - SavvyMoney's platform allows financial institutions to deliver real-time credit insights and personalized marketing campaigns, redefining consumer engagement in the banking sector [5][7] - The partnership with Amerant Bank reflects a broader trend among established institutions prioritizing financial wellness as a key differentiator in competitive markets [3][4]

Financial Data and Key Metrics Changes - Total assets reached $10.3 billion as of the close of the second quarter, with total investment securities increasing by $209.2 million to $2 billion [6][7] - Loan growth decreased by $30 million to $7.2 billion, primarily due to increased prepayments [7] - Total deposits increased by $151.6 million to $8.3 billion, driven by growth in core deposits [7] - Net interest income was $90.5 million, up $4.6 million, primarily driven by higher average balances of securities [10] - Provision for credit losses decreased to $6.1 million from $18.4 million in the first quarter [10] - Return on assets (ROA) improved to 0.90% and return on equity (ROE) improved to 10.1% [12] Business Line Data and Key Metrics Changes - Pre-provision net revenue (PPNR) increased to $35.9 million in Q2 2025 from $33.9 million in Q1 2025, with core PPNR rising by 17.7% [10] - Non-interest income was $19.8 million, while non-interest expense was $74.4 million, with a variance primarily driven by non-core expenses [10] Market Data and Key Metrics Changes - Customer deposits grew by $202.3 million, partially offset by a planned reduction of $51 million in broker deposits [7] - Assets under management increased by $132.4 million to $3.1 billion, driven by higher market valuations and net new assets [7] Company Strategy and Development Direction - The company is focusing on improving asset quality and has made significant improvements in capital metrics [11][12] - Plans to open new banking centers in Miami Beach and Downtown Tampa, with a focus on expanding in the Greater Tampa marketplace [22] - The company is transitioning its mortgage business to focus solely on in-footprint mortgage lending [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to double-digit loan growth, emphasizing the importance of asset quality [32] - The company expects annual deposit growth of 14% to 15% by year-end 2025 and anticipates loan production growth of approximately 5% annualized [18] - Management is prioritizing ROA and expects to reach 1% in the second half of 2025 [19] Other Important Information - The company repurchased 275,666 shares at a weighted average price of $80.14 per share during the second quarter [11] - The efficiency ratio is expected to be in the mid-sixty range, with a focus on prudent capital management [19][29] Q&A Session Summary Question: Loan growth expectations moving forward - Management expects to return to double-digit growth, emphasizing the quality of organic deposit growth [32] Question: Asset quality and charge-offs - Management indicated that the charge-offs were already provisioned for, and they expect to manage realized losses effectively [36][38] Question: Loan loss reserve adequacy - Management confirmed that the loan loss reserve of approximately $120 million is appropriate for current conditions [42] Question: Net interest margin (NIM) outlook - Management expects NIM to normalize around 3.75% for the third quarter, with various factors influencing this projection [19][46] Question: M&A opportunities - While organic growth remains the top priority, management is open to M&A opportunities as their currency improves [90][92]

Financial Performance - Net income attributable to the Company increased by $11 million to $23 million, compared to $12 million in the prior quarter[12] - Diluted earnings per share increased to $055, compared to $028 in the previous quarter[12] - Net Interest Income (NII) increased by $46 million to $905 million, from $859 million[12] - Return on Assets (ROA) increased to 090%, compared to 048%[20] - Core Return on Equity (ROE) increased to 1049%, compared to 452%[21] Balance Sheet - Total assets increased by $165 million to $103 billion[9] - Total investment securities increased by $2092 million to $20 billion[9] - Total deposits increased by $1516 million to $83 billion[9] - Assets Under Management and custody (AUM) totaled $307 billion, up by $1324 million, 45% from $293 billion[8] Asset Quality - Classified loans totaled $2154 million[24, 25] - Non-Performing Assets (NPAs) totaled $979 million, including $825 million in Non-Performing Loans (NPLs)[28] - Allowance for Credit Losses (ACL) decreased by $118 million to $865 million[33]

Financial Performance - For the quarter ended June 2025, Amerant Bancorp Inc. reported revenue of $110.26 million, an increase of 11.6% year-over-year [1] - Earnings per share (EPS) for the quarter was $0.57, compared to $0.28 in the same quarter last year, indicating significant growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $103.95 million by 6.07%, while the EPS surpassed the consensus estimate of $0.38 by 50% [1] Key Metrics - Net charge-offs as a percentage of average total loans held for investment were 0.9%, higher than the three-analyst average estimate of 0.6% [4] - The net interest margin was reported at 3.8%, slightly above the estimated 3.7% by three analysts [4] - The efficiency ratio stood at 67.5%, better than the average estimate of 69% from three analysts [4] - Average balances of total interest-earning assets were $9.53 billion, exceeding the estimated $9.47 billion by two analysts [4] - Noninterest income was reported at $19.78 million, surpassing the average estimate of $17.19 million based on three analysts [4] - Net interest income reached $90.48 million, compared to the estimated $86.14 million by three analysts [4] Stock Performance - Shares of Amerant Bancorp have returned +12.8% over the past month, outperforming the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Amerant Bancorp Inc. reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, and showing a significant increase from $0.28 per share a year ago, representing an earnings surprise of +50.00% [1] Financial Performance - The company posted revenues of $110.26 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 6.07%, compared to $98.78 million in the same quarter last year [2] - Over the last four quarters, Amerant Bancorp has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Amerant Bancorp shares have declined approximately 11% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $107.4 million, and for the current fiscal year, it is $1.65 on revenues of $424.1 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Southeast is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]