Financial Performance - Net income attributable to Amerant Bancorp Inc. for the three months ended September 30, 2025, was $14,756 thousand, a significant recovery from a net loss of $48,164 thousand in the same period of 2024[11]. - For the nine months ended September 30, 2025, the net income was $49.716 million, a significant improvement compared to a net loss of $32.633 million in the same period of 2024[16]. - Basic earnings per share for the three months ended September 30, 2025, was $0.35, compared to a loss of $1.43 per share in the same period of 2024[12]. - The net income attributable to Amerant Bancorp Inc. for the three months ended September 30, 2025, was $14.76 million, compared to $23.00 million for the three months ended June 30, 2025[14]. - The company reported a net unrealized holding gain on debt securities available for sale of $24.9 million for the three months ended September 30, 2025[134]. Asset and Liability Management - Total assets increased to $10,410,199 thousand as of September 30, 2025, up from $9,901,734 thousand at December 31, 2024, representing a growth of 5.1%[10]. - Total liabilities increased to $9,465,259 thousand as of September 30, 2025, from $9,011,267 thousand at December 31, 2024, reflecting a growth of 5.0%[10]. - The company’s retained earnings increased to $620,542 thousand as of September 30, 2025, up from $582,231 thousand at December 31, 2024, indicating a positive trend in profitability[10]. - As of September 30, 2025, Amerant Bancorp's total stockholders' equity was $944.94 million, a decrease from $906.26 million at June 30, 2025[14]. - The estimated fair value of loans as of September 30, 2025, was $2.65 billion, compared to a carrying value of $2.66 billion[151]. Credit Quality and Loss Provisions - Provision for credit losses decreased to $14,600 thousand for the three months ended September 30, 2025, down from $19,000 thousand in the same period of 2024, indicating improved credit quality[11]. - The Allowance for Credit Losses (ACL) increased by $10.0 million, or 11.7%, to $94.9 million as of September 30, 2025, compared to December 31, 2024[75]. - The ACL as a percentage of total loans held for investment rose to 1.37% at September 30, 2025, up from 1.18% at December 31, 2024[75]. - Nonaccrual loans totaled $122.9 million as of September 30, 2025, compared to $100.0 million as of December 31, 2024, representing an increase of 22.9%[67]. - The company believes the ACL is sufficient to absorb expected credit losses in the loan portfolio as of September 30, 2025[85]. Deposits and Funding - Total deposits rose to $8,300,969 thousand as of September 30, 2025, compared to $7,854,595 thousand at December 31, 2024, marking an increase of 5.7%[10]. - Time deposits of $100,000 or more totaled approximately $1.3 billion as of September 30, 2025, compared to $1.27 billion as of December 31, 2024[111]. - Time deposits maturing in less than 3 months accounted for 40.1% of total time deposits as of September 30, 2025, up from 30.4% as of December 31, 2024[112]. - The company reported cash paid for interest of $184.259 million for the nine months ended September 30, 2025, down from $207.389 million in 2024[17]. - The loan to deposit ratio was 83.6% as of September 30, 2025, down from 92.6% at December 31, 2024[208]. Securities and Investments - The company reported total debt securities available for sale of $2,122.416 million as of September 30, 2025, with an amortized cost of $2,132.882 million[46]. - The company reported cash held as collateral for derivatives margin calls of $5.9 million as of September 30, 2025[128]. - The total notional amount of derivative instruments was $3.52 billion as of September 30, 2025, with fair values of $40.8 million in assets and $39.9 million in liabilities[116]. - The company recognized unrealized gains of $0.1 million in Q3 2025 related to interest rate swap contracts, compared to $0.2 million in Q3 2024[118]. - The fair value of other real estate owned (OREO) is reported at $15,606 thousand as of September 30, 2025, with total write-downs of $1,872 thousand[141]. Operational Changes and Strategic Focus - The company plans to dissolve its Cayman Bank subsidiary, with completion expected in 2025 pending regulatory approval[19]. - The company is transitioning its mortgage business to focus on Florida, reducing its mortgage-focused full-time equivalent count from 77 to 17[20]. - The Company is executing a plan for the dissolution of the Cayman Bank, expected to be completed in 2025[164]. - The Company opened a new banking center in Miami Beach in September 2025 and plans to open another later this year[167]. - The strategic focus includes updates on the mortgage business and Amerant Mortgage, LLC, indicating potential market expansion[154]. Economic and Market Conditions - The economic outlook remains uncertain, with signs of an economic slowdown and elevated recession odds compared to long-term averages[174]. - Job growth showed negative trends in the third quarter of 2025, indicating a sharp deceleration in employment[173]. - The Federal Reserve cut rates by 25 basis points in both the third quarter of 2025 and on October 29, 2025[172]. - The Company has not experienced a material impact on its business or financial condition despite industry volatility[176]. - Noninterest expenses generally increase as the business grows, with various components including salaries, occupancy, and professional services[190].

Core Insights - Amerant Bancorp Inc. reported an earnings per share (EPS) of $0.39, which was below the estimated $0.53, resulting in a significant earnings surprise of -29.09% [2][6] - The company's revenue for the quarter was $111.4 million, exceeding the estimated $110.2 million, and showing year-over-year growth from $101.8 million [3][6] Financial Performance - The net income for the quarter was $14.8 million, translating to $0.35 per diluted share, a decrease from the previous quarter's net income of $23 million or $0.55 per diluted share [4] - The company has shown improvement in earnings compared to the same quarter last year, where it had earnings of $0.27 per share, indicating a year-over-year growth in earnings [2] Revenue Analysis - AMTB's revenue of $111.44 million marked an increase from the previous year's revenue, demonstrating consistent growth in its revenue streams [3] - Over the past four quarters, the company has consistently surpassed consensus revenue estimates, highlighting its ability to generate sales [3] Financial Ratios - The price-to-earnings (P/E) ratio is approximately 178.05, indicating that investors are paying $178.05 for every dollar of earnings [5] - The price-to-sales ratio is about 1.11, suggesting the market value is slightly above its sales revenue [5] - The debt-to-equity ratio stands at approximately 1.05, showing a balanced mix of debt and equity financing, while a current ratio of around 0.22 indicates potential challenges in covering short-term liabilities with current assets [5]

Financial Data and Key Metrics Changes - Total assets reached $10.4 billion as of Q3 2025, with total investment securities increasing by $336.8 million to $2.3 billion [14][15] - Net interest income was $94.2 million, up $3.7 million, driven by higher average rates on loans and securities [17] - Non-performing assets increased to $140 million, or 1.3% of total assets, compared to $98 million, or 0.9% in the prior quarter [21] Business Line Data and Key Metrics Changes - Loans declined by 3.4% quarter over quarter, with a total gross loan amount of $6.9 billion, primarily due to increased prepayments and the sale of a large substandard loan [9][15] - Core deposits increased by $59.4 million, while total deposits remained stable at $8.3 billion [15] - Non-interest income was $17.3 million, while non-interest expense was $77.84 million, leading to an efficiency ratio of 69.84% [17][19] Market Data and Key Metrics Changes - International banking strengthened its presence across LATAM, with approximately 50% of new accounts opened in Q3 originating from countries like Argentina and Guatemala [8] - The company expects loan production and purchases of syndications to be partially offset by reductions in criticized assets and payoffs, with net loan growth projected between $125 million to $175 million for Q4 [25] Company Strategy and Development Direction - The primary focus for the quarter was on asset quality over loan growth, with plans to address the increase in non-performing asset levels [6][10] - The company launched an expense reduction initiative aiming for savings of $2 million to $3 million per quarter starting in 2026 [28] - Leadership changes in commercial banking were announced to strengthen market presence and business development efforts [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the franchise and the opportunities ahead, emphasizing a proactive approach to credit risk management [34] - The company anticipates a decrease in expenses in Q4, projecting non-interest expenses to be in the range of $74 million to $75 million [26] - Management highlighted the importance of timely identification and resolution of credit issues, indicating a more aggressive stance on downgrades [88] Other Important Information - The Board declared a quarterly cash dividend of $0.09 per share, reinforcing confidence in the company's long-term outlook [13] - The company intends to resume share buybacks post-earnings when the blackout period ends [13] Q&A Session Summary Question: What is the outlook on credit and when can the company expect to return to a sustainable ROA? - Management indicated that Q3 was the peak for portfolio evaluations and expects a better path for resolution in Q4, with a focus on early identification of credit issues [39][41] Question: What will drive the expected decrease in net interest margin for Q4? - The decrease is attributed to the impact of recent rate cuts and the timing of asset repricing, with expectations for a normalized net interest margin [45][46] Question: Is the company considering strategic alternatives given the current M&A market? - Management stated the focus remains on executing current strategies and achieving desired returns, with evaluations of opportunities as they arise [50] Question: What is the expected loan growth and syndication activity moving forward? - Management expects organic loan growth to be between $125 million to $175 million in Q4, with a focus on participating in syndications [25][56] Question: What is the outlook for realized loss content over the next couple of quarters? - Management anticipates charge-off activity to stabilize, with specific reserves already established for potential losses [63][64]

Third Quarter Earnings Presentation October 28, 2025 Important Notices and Disclaimers Forward-Looking Statements This presentation contains "forward-looking statements" including statements with respect to the Company's objectives, expectations and intentions and other statements that are not historical facts. Examples of forward- looking statements include but are not limited to: our future operating or financial performance, including revenues, expenses, expense savings, income or loss and earnings or lo ...

分组1 - Amerant Bancorp Inc. reported quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.55 per share, but showing an increase from $0.27 per share a year ago, resulting in an earnings surprise of -29.09% [1] - The company posted revenues of $111.44 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.87% and increasing from $101.8 million year-over-year [2] - Over the last four quarters, Amerant Bancorp has surpassed consensus revenue estimates four times, while it has exceeded consensus EPS estimates two times [2] 分组2 - Amerant Bancorp shares have declined approximately 21.8% since the beginning of the year, contrasting with the S&P 500's gain of 16.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $111.87 million, and for the current fiscal year, it is $1.85 on revenues of $436.64 million [7] - The Zacks Industry Rank for Banks - Southeast is currently in the top 26% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income attributable to Amerant Bancorp Inc. for Q3 2025 was $14.8 million, or $0.35 per diluted share, down from $23.0 million, or $0.55 per diluted share in Q2 2025[2]. - Core net income reached $16,425 thousand, compared to $23,984 thousand in the previous quarter, reflecting a decrease of 31.5%[21]. - For the three months ended September 30, 2025, the net income attributable to Amerant Bancorp Inc. was $14.8 million, compared to $23.0 million in the previous quarter, reflecting a decrease of 35.5%[29]. - Basic earnings per share for the third quarter of 2025 were $0.35, compared to $0.55 in the second quarter of 2025, a decrease of 36.4%[30]. - The total noninterest income for the third quarter of 2025 was $17.3 million, down from $19.8 million in the previous quarter, a decline of 12.6%[29]. - The total noninterest expense for the third quarter of 2025 was $77.8 million, an increase from $74.4 million in the second quarter of 2025, reflecting a rise of 4.8%[29]. Asset and Loan Management - Total assets increased to $10.4 billion, up by $75.5 million, or 0.7%, compared to $10.3 billion in Q2 2025[3]. - Total gross loans decreased to $6.9 billion, down by $247.4 million, or 3.4%, from $7.2 billion[3]. - Total deposits remained stable at $8,300,969 thousand, slightly down from $8,306,544 thousand in the previous quarter[19]. - Loans held for investment decreased to $6,941,792 thousand as of September 30, 2025, down from $7,183,123 thousand as of June 30, 2025, representing a decline of approximately 3.35%[57]. - The average balance of loans decreased to $6,946,370,000 from $7,118,087,000 in the previous quarter, indicating a decline of 2.4%[34]. - Non-performing loans totaled $124,292,000 as of September 30, 2025, compared to $82,485,000 in the previous quarter, indicating an increase of 50.6%[63]. Credit Quality and Provisions - Total non-performing assets rose to $139.9 million, an increase of $42.0 million, or 42.9%, compared to $97.9 million[4]. - Provision for credit losses was $14.6 million, up by $8.5 million, or 140.9%, compared to $6.1 million in the previous quarter[4]. - The allowance for credit losses was $94,918 thousand, an increase from $86,519 thousand in the prior quarter, indicating a rise in provisions[19]. - Non-accrual loans amounted to $122,900,000 as of September 30, 2025, an increase from $81,293,000 in the previous quarter, representing a 51.1% rise[64]. - The total amount of loans categorized as "special mention" was $224,343,000 as of September 30, 2025, compared to $132,759,000 in the previous quarter, indicating a significant increase[67]. Capital and Equity - Stockholders' equity increased to $944,940,000 as of September 30, 2025, up from $924,286,000 in the previous quarter, representing a growth of 1.8%[31]. - The Tier 1 capital ratio improved to 12.28%, up from 11.97% in the previous quarter, indicating stronger capital position[20]. - The tangible common equity ratio improved to 8.87% from 8.73% in the previous quarter, showing a positive trend in capital adequacy[31]. Operational Efficiency - The efficiency ratio was 69.84%, compared to 67.48% in the previous quarter[4]. - The efficiency ratio for the quarter was 69.84%, compared to 67.48% in the previous quarter, indicating a decline in operational efficiency[20]. - The efficiency ratio for the third quarter of 2025 was 69.84%, compared to 67.48% in the previous quarter, indicating a deterioration in operational efficiency[30]. Dividends and Share Buybacks - A cash dividend of $0.09 per share was declared, payable on November 28, 2025[5]. - The company plans to resume share buybacks and implement a new series of expense reductions to improve results[3]. - The company repurchased 487,657 shares of Class A common stock at an average price of $20.51 per share, totaling approximately $10.0 million during the third quarter[23].

Core Insights - Amerant Bank has appointed Angel Medina Jr. as EVP, Executive Managing Director for Miami-Dade, bringing extensive experience in financial services and leadership to the role [1][2][3] Company Overview - Amerant Bank is recognized as Florida's bank of choice, with a growing presence in South Florida and Tampa, serving clients for over 45 years [6] - The bank has been certified as a Most Loved Workplace® by Best Practice Institute for the years 2022, 2023, 2024, and 2025 [6] Leadership Experience - Angel Medina previously served as EVP - Director of Private Client Services at First National Bank of South Miami, where he led the Private Banking team [2] - Medina has held executive positions at various banks, including Iberia Bank, Gibraltar Private Bank & Trust, Regions Bank, and Barnett Bank, demonstrating a strong track record in strategic vision and operational efficiency [3] Community Engagement - Medina is committed to economic empowerment and social progress, having served on boards and organizations such as Goodwill Industries of South Florida and the Miami-Dade Beacon Council [4][5] - He has also held leadership roles in civic organizations, including Past President of the Latin Builders Association and Co-Chair of the United Way Capital Campaign [5]

Core Viewpoint - Amerant Bancorp Inc. is a financial institution with a current stock price of $17.71, and Piper Sandler has set a price target of $26, indicating a potential increase of approximately 46.81% [1][6]. Group 1: Earnings Release and Investor Sentiment - The third quarter 2025 earnings release and investor conference call have been rescheduled from October 23, 2025, to October 28, 2025, allowing the company to complete its customary review process [2]. - The rescheduling may impact investor sentiment as they await the finalized earnings results [2][6]. Group 2: Stock Performance and Market Sensitivity - AMTB's stock is currently priced at $17.71, reflecting a decrease of 3.44% or $0.63, with a daily trading range between $17.39 and $18.71 [3]. - Over the past year, AMTB has experienced a high of $26.24 and a low of $16.21, indicating the stock's sensitivity to market conditions and company announcements [3][6]. Group 3: Market Capitalization and Dividend Announcement - Amerant Bancorp's market capitalization is approximately $739 million, with a trading volume of 631,541 shares on the NASDAQ exchange [4]. - The company plans to declare a dividend, with further details to be released alongside the earnings results, which may influence investor interest [4][5].

Core Points - Amerant Bancorp Inc. has rescheduled its third quarter 2025 earnings release and investor conference call to October 28, 2025, before market opens to complete customary review processes [1][2] - The Board of Directors declared a cash dividend of $0.09 per share of common stock, payable on November 28, 2025, to shareholders of record by November 14, 2025 [3] Company Overview - Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida, operating since 1979, with its main subsidiary being Amerant Bank, N.A. [4] - The company provides deposit, credit, and wealth management services, operating 22 banking centers, primarily in South Florida [4]

Core Insights - Amerant Bank has opened a new banking center in Downtown Tampa, enhancing its presence in the region [1][3] - The new location is part of Amerant's strategic expansion, which includes a planned third center in St. Petersburg set for mid-2026 [5] Group 1: Expansion and Growth - The new Downtown Tampa banking center spans 3,137 square feet and is the second center in the greater Tampa area, following the first center opened in the Westshore District in 2022 [1][2] - Amerant established its Tampa regional office in 2023, which serves as a hub for commercial banking, wealth management, and community engagement [2] Group 2: Services and Community Engagement - The Downtown Tampa center offers a full suite of services, including personal and business banking, lending solutions, and financial planning, designed with a modern, relationship-first approach [3] - Amerant Bank is the Official Bank of the Tampa Bay Rays, showcasing its commitment to supporting local institutions and fostering community pride [4] Group 3: Future Plans - A third banking center is scheduled to open in St. Petersburg in mid-2026, further extending Amerant's reach in the greater Tampa Bay market [5] - The company aims to continue exploring opportunities for branch expansion in the near future [5]