Core Insights - Amerant Bank has appointed Tony Eelman as EVP, Chief Product Officer to lead enterprise product strategy across its financial services and program-based lending platforms [1][2]. Group 1: Leadership and Strategy - Eelman will focus on aligning product design with technology and advancing the go-to-market strategy to provide client-centric solutions for both consumer and commercial offerings [2]. - Carlos Iafigliola, Interim CEO of Amerant Bank, emphasized Eelman's leadership skills and vision for creating a cohesive customer experience [3]. - Eelman previously served as President of Amerant Mortgage, overseeing significant transformations and growth in the mortgage platform [3][4]. Group 2: Experience and Vision - Eelman has a track record of leading initiatives in enterprise expansion, M&A integration, strategic partnerships, and product modernization [4]. - He expressed excitement about leveraging his experience to align strategy, technology, and execution for sustainable growth and long-term value for the bank and its customers [4]. Group 3: Company Background - Amerant Bank, a subsidiary of Amerant Bancorp Inc., has been serving clients in Florida for over 45 years and is recognized as a Most Loved Workplace® for multiple years [5].

Core Insights - Amerant Bancorp reported a diluted EPS of $0.07 for Q4, down from $0.35 in Q3, with net interest income at $90.2 million, a decline of $4.0 million from the previous quarter [1][6] - The company is undergoing a strategic plan aimed at stabilizing, optimizing, and growing the organization, focusing on credit transformation, balance sheet optimization, and operational efficiency [5][14] Financial Performance - Net interest margin decreased to 3.78% from 3.92% in Q3, while non-interest income rose to $22.0 million from $17.3 million, driven by gains from the sale and leaseback of banking centers [1][6] - Non-interest expense increased to $106.8 million, up $28.9 million sequentially, primarily due to valuation expenses and contract termination costs [6][7] - ROA and ROE weakened, reported at 0.10% and 1.12% respectively, compared to 0.57% and 6.21% in Q3 [7] Balance Sheet and Capital Actions - Total assets decreased to $9.8 billion from $10.4 billion, driven by reduced wholesale funding and higher-cost deposits [8][10] - The company repurchased 737,334 shares at an average price of $17.63, representing 78% of tangible book value [2][5] - CET1 increased to 11.8% from 11.54% in the prior quarter, with $13 million in share repurchases and $3.7 million in dividends declared [2][5] Credit Quality and Asset Management - Non-performing assets rose to $187 million, or 1.9% of total assets, from $140 million, or 1.3%, in the prior quarter, attributed to a rigorous review of the commercial loan portfolio [11][12] - The company reported gross charge-offs of $29.5 million in Q4, with an allowance for credit losses coverage ratio declining to 1.20% from 1.37% [13] 2026 Outlook - For 2026, the company anticipates loan growth of 7% to 9% and deposit growth to match loan growth, with net interest margin projected between 3.65% and 3.70% [14][15] - Management aims to reduce expenses to approximately $70 million to $71 million in the first half of 2026, with further reductions expected by year-end [15] Strategic Initiatives - The company is focusing on improving credit quality and disciplined loan origination, with aspirations to achieve a ROA close to 1% and an efficiency ratio near 60% by year-end 2026 [16] - Amerant is monitoring developments in Venezuela, viewing potential opportunities in deposits and asset management rather than lending strategies [17]

Financial Data and Key Metrics Changes - Total assets decreased to $9.8 billion from $10.4 billion, primarily due to reduced wholesale funding and higher cost deposits [9] - Total gross loans decreased by $244.6 million to $6.7 billion, attributed to higher prepayments and repayments [9] - Total deposits decreased by $514 million to $7.8 billion, driven by efforts to reduce higher cost deposits [10] - Diluted income per share for the fourth quarter was $0.07, down from $0.35 in the third quarter [11] - Net interest income decreased to $90.2 million from $94.2 million, with net interest margin dropping to 3.78% from 3.92% [11] - Non-interest income increased to $22 million from $17.3 million, driven by gains from the sale and leaseback of banking centers [11] Business Line Data and Key Metrics Changes - The company focused on credit transformation, operational efficiency, and balance sheet optimization as part of its strategic plan [4][5] - The asset management segment saw an increase in assets under management to $3.3 billion, up by $87.2 million [10] Market Data and Key Metrics Changes - The company has significant deposits and assets under management in Venezuela, with nearly $2 billion in deposits and close to 50,000 customers [6][7] - The company anticipates growth opportunities in Venezuela due to potential reopening of the oil sector [7] Company Strategy and Development Direction - The board approved a three-year strategic plan focusing on stabilization, optimization, and growth [3] - The company aims to enhance shareholder value through disciplined execution and investment in human capital [4] - A share repurchase program was approved to recognize the intrinsic value of shares [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future and its ability to enhance shareholder value [3] - The company is focused on improving credit quality and asset management while navigating a challenging economic environment [25] - Management highlighted the importance of proactive credit risk management and operational efficiencies [25] Other Important Information - The company plans to maintain a strong capital position while balancing growth, buybacks, and dividends [24] - The efficiency ratio is targeted to improve towards 60% by year-end 2026 [32] Q&A Session Summary Question: What metrics can be used to measure the progress of the three-year program? - Management emphasized improvements in credit quality metrics and a disciplined approach to loan origination as critical measures of success [27][28] Question: Are there any financial targets outlined for the next couple of years? - Management aims for a return on assets close to 1% and an efficiency ratio around 60% by year-end 2026, with aspirations for further improvements in subsequent years [31][32] Question: What specific drivers will help reduce expenses in 2026? - Management highlighted the reduction of higher cost deposits and optimization of marketing expenses as key drivers for expense reduction [34][35] Question: How does the company view asset quality moving forward? - Management expects outflows to outweigh inflows in criticized loan buckets, projecting an improvement in asset quality [39] Question: How are recent events in Venezuela impacting the company? - Management sees potential growth opportunities in Venezuela, with expectations of increased deposits and asset management as the market stabilizes [41][42]

Financial Data and Key Metrics Changes - Total assets decreased to $9.8 billion from $10.4 billion, primarily due to reduced wholesale funding and higher cost deposits [10] - Total gross loans decreased by $244.6 million to $6.7 billion, attributed to higher prepayments and repayments [10] - Total deposits decreased by $514 million to $7.8 billion, reflecting efforts to reduce higher cost deposits [11] - Diluted income per share for the fourth quarter was $0.07, down from $0.35 in the third quarter [12] - Net interest income decreased to $90.2 million from $94.2 million, with net interest margin dropping to 3.78% from 3.92% [12] - Non-interest income increased to $22 million from $17.3 million, driven by gains from the sale of banking centers and securities [12] Business Line Data and Key Metrics Changes - The company focused on credit transformation, operational efficiency, and balance sheet optimization as part of its strategic plan [4][5] - The asset management segment saw an increase in assets under management by $87.2 million to $3.3 billion, indicating growth potential for fee income [11] Market Data and Key Metrics Changes - The company has significant deposits and customer relationships in Venezuela, with nearly $2 billion in deposits and expectations for growth in commercial activity due to recent policy changes [7][8] Company Strategy and Development Direction - The company approved a three-year strategic plan aimed at stabilizing, optimizing, and growing the organization, emphasizing human capital and effective risk management [3][4] - The strategy includes exiting non-core markets and improving credit quality through disciplined risk selection practices [4][5] - A share repurchase program was initiated to recognize the intrinsic value of shares [7] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting the importance of improving credit quality and operational efficiencies [28] - The company anticipates loan growth of 7%-9% for the year, with a focus on maintaining a healthy net interest margin [26] Other Important Information - The company is transitioning to a more GAAP-focused reporting approach to reduce noise from non-GAAP metrics [71] - The efficiency ratio is targeted to improve towards 60% by year-end 2026, with aspirations for further reductions in subsequent years [42][52] Q&A Session Summary Question: What metrics can be used to measure the progress of the three-year program? - Management indicated that improvements in credit quality metrics and a disciplined approach to loan origination will be critical measures of success [34][36] Question: Are there any financial targets for the next couple of years? - Management aims for a return on assets close to 1% and an efficiency ratio around 60% by year-end 2026, with aspirations for further improvements in subsequent years [41][42] Question: What specific drivers will lead to expense reductions in 2026? - Management highlighted the reduction of higher cost deposits and optimization of marketing expenses as key drivers for expense reductions [50][54] Question: How will asset quality progress in 2026? - Management expects outflows to outweigh inflows in criticized loan buckets, projecting an improvement in asset quality [56][58] Question: How do recent events in Venezuela impact deposit gathering efforts? - Management sees potential growth opportunities in Venezuela due to expected increases in oil production and wealth recovery, which may positively impact international deposits [62][63]

Financial Data and Key Metrics Changes - Total assets decreased to $9.8 billion from $10.4 billion, primarily due to reduced wholesale funding and higher cost deposits [11] - Total gross loans decreased by $244.6 million to $6.7 billion, attributed to higher prepayments and repayments [11] - Total deposits decreased by $514 million to $7.8 billion, driven by efforts to reduce higher cost deposits [12] - Diluted income per share for Q4 was $0.07, down from $0.35 in Q3 [13] - Net interest income decreased to $90.2 million from $94.2 million, with net interest margin dropping to 3.78% from 3.92% [13] - Non-interest income increased to $22 million from $17.3 million, driven by gains from the sale and leaseback of banking centers [13] Business Line Data and Key Metrics Changes - Cash and cash equivalents decreased by $160.7 million to $470.2 million [11] - Total investments decreased to $2.1 billion from $2.3 billion [11] - Broker deposits decreased from $550.2 million to $435.7 million [12] - Non-performing assets increased to $187 million, or 1.9% of total assets, from $140 million, or 1.3% [19] Market Data and Key Metrics Changes - Assets under management increased by $87.2 million to $3.3 billion, driven by higher market valuations [11] - The company sees growth opportunities in Venezuela, with nearly $2 billion in deposits and significant AUM [8] Company Strategy and Development Direction - The company has a three-year strategic plan focused on stabilizing, optimizing, and growing the organization [4] - Key initiatives include credit transformation, balance sheet optimization, and operational efficiency [5] - The company is investing in human capital and technology to enhance productivity and client experience [6] - A share repurchase program has been approved to recognize the intrinsic value of shares [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future and ability to enhance shareholder value [4] - The company is focused on improving credit quality and asset management, particularly in light of recent events in Venezuela [8][27] - Management anticipates loan growth of 7%-9% for the year, with a focus on improving the ratio of non-interest bearing deposits [26] Other Important Information - The company plans to continue executing on prudent capital management, balancing growth with buybacks and dividends [26] - The efficiency ratio is targeted to improve towards 60% by year-end [34] Q&A Session Summary Question: What metrics can be used to measure the progress of the three-year program? - Management highlighted credit quality improvements and disciplined loan origination as critical success metrics [30][31] Question: Are there any financial targets outlined for the next couple of years? - Management aims for a return on assets close to 1% and an efficiency ratio around 60% by year-end [34] Question: What specific drivers will help reduce expenses in 2026? - Management mentioned reducing higher cost deposits and optimizing marketing expenses as key drivers for expense reduction [37] Question: How does the company view the current asset quality and provisioning needs? - Management expects improvements in criticized loans and anticipates a provision impact of 40-45 basis points throughout the year [42] Question: How are recent events in Venezuela expected to impact deposit gathering efforts? - Management sees potential growth in international deposits due to favorable conditions in Venezuela, although it is still early to quantify the impact [44][45]

Fourth Quarter 2025 Earnings Presentation January 23, 2026 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 ...

分组1 - Amerant Bancorp Inc. reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and showing an increase from $0.5 per share a year ago, resulting in an earnings surprise of +23.26% [1] - The company achieved revenues of $112.17 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 5.32%, and showing a slight increase from $111.32 million year-over-year [2] - Over the last four quarters, Amerant Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] 分组2 - The stock has gained approximately 10.7% since the beginning of the year, outperforming the S&P 500, which gained 0.4% [3] - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $104.49 million, and for the current fiscal year, it is $2.31 on revenues of $436.11 million [7] - The Zacks Industry Rank for Banks - Southeast is currently in the top 32% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income attributable to Amerant was $2.7 million in Q4 2025, down from $14.8 million in Q3 2025, with a full-year net income of $52.4 million compared to a net loss of $15.8 million in 2024[1][2] - Net income attributable to Amerant Bancorp Inc. for the three months ended December 31, 2025, was $2,701,000, a decrease from $14,756,000 in the previous quarter[28] - Core net income for the same period was $21,670,000, compared to $16,425,000 in the prior quarter, reflecting a 32.5% increase[28] - Basic earnings per common share for the three months ended December 31, 2025, were $0.07, down from $0.35 in the previous quarter[21] - Core basic earnings per common share increased to $0.53 for the three months ended December 31, 2025, from $0.39 in the previous quarter, a rise of 36.1%[23] Asset and Loan Management - Total assets decreased by $633.2 million, or 6.1%, to $9.8 billion compared to the previous quarter[3] - Total gross loans were $6.7 billion, a decrease of $244.6 million, or 3.5%, from $6.9 billion[3] - Total assets as of December 31, 2025, were $9,777,018,000, a decrease from $10,410,199,000 as of September 30, 2025[21] - Total gross loans decreased to $6,697,235,000 as of December 31, 2025, from $6,941,792,000 as of September 30, 2025, representing a decline of approximately 3.5%[21] - Loans held for investment decreased to $6,613,391 as of December 31, 2025, down from $6,941,792 as of September 30, 2025, reflecting a reduction of about 4.7%[63] Deposits and Funding - Total deposits fell by $514.0 million, or 6.2%, to $7.8 billion compared to $8.3 billion[4] - Core deposits decreased by $412.1 million, or 6.6%, to $5.8 billion compared to $6.2 billion[4] - Total deposits as of December 31, 2025, were $7,786,934, down from $8,300,969 as of September 30, 2025, indicating a decrease of approximately 6.2%[60] - Domestic deposits were $5.17 billion, a decrease from $5.73 billion in the prior quarter, representing a 9.8% decline[77] - Foreign deposits increased to $2.62 billion, up from $2.57 billion in the previous quarter, a growth of 2.0%[77] Non-Performing Assets - Total non-performing assets increased by $47.0 million, or 33.6%, to $186.9 million compared to $139.9 million[4] - Total non-performing loans reached $171.4 million, compared to $124.3 million in the prior quarter, marking a 37.9% increase[69] - Non-accrual loans totaled $168.3 million, up from $122.9 million in the previous quarter, reflecting a 36.9% increase[69] - The ratio of non-performing loans to total loans held for investment was approximately 41.8% as of December 31, 2025[73] Income and Expenses - Non-interest income rose by $4.7 million, or 27.3%, to $22.0 million compared to $17.3 million in the previous quarter[4] - Total noninterest income for Q4 2025 was $22.019 million, an increase from $17.291 million in Q3 2025[27] - Total noninterest expenses for Q4 2025 were $106.772 million, up from $77.835 million in Q3 2025[27] - The efficiency ratio was 95.19% in Q4 2025, up from 69.84% in Q4 2024[6] - The company reported restructuring costs related to cost reduction initiatives aimed at improving the cost structure and de-risking the loan portfolio[31] Capital and Equity - Stockholders' book value per common share increased to $23.13 as of December 31, 2025, from $22.90 as of September 30, 2025[21] - The total stockholders' equity as of December 31, 2025, was $938,802, slightly down from $944,940 as of September 30, 2025, a decrease of about 0.2%[60] - Tangible common equity ratio increased to 9.39% from 8.87% in the previous quarter[30] - The total capital ratio improved to 14.10% as of December 31, 2025, compared to 13.90% in the previous quarter[22] Interest Income and Margin - Net interest income for the three months ended December 31, 2025, was $90,150,000, compared to $94,152,000 for the previous quarter, reflecting a decrease of about 4.3%[21] - The net interest margin was 3.78%, down from 3.92% in the previous quarter[4] - The average interest rate spread for the three months ended December 31, 2025, was 3.09%[36] - The net interest income for the year ended December 31, 2025, was $360,685 thousand, compared to $325,957 thousand for the previous year, reflecting an increase of 10.6%[39] Other Financial Metrics - The provision for credit losses was $3,490,000 for the three months ended December 31, 2025, significantly lower than $14,600,000 in the previous quarter[21] - The allowance for credit losses was $79,276 as of December 31, 2025, compared to $94,918 as of September 30, 2025, showing a reduction of about 16.6%[60] - The company reported a total of $15.5 million in other real estate owned (OREO) as of December 31, 2025, consistent with the previous quarter[69] - The company recognized a loss of $1.1 million on the sale of loans associated with its white-label equipment finance solution during the three months ended December 31, 2025[10]

Core Viewpoint - Analysts project that Amerant Bancorp Inc. (AMTB) will report quarterly earnings of $0.43 per share, reflecting a 14% decline year over year, with revenues expected to reach $106.51 million, down 4.3% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate has been revised 6.8% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Financial Metrics - Total Non-Performing Loans are expected to reach $127.37 million, up from $104.10 million reported in the same quarter last year [5]. - Net interest margin is projected to remain stable at 3.8%, consistent with the year-ago value [5]. - Efficiency Ratio is expected to improve to 70.0%, compared to 74.9% in the same quarter last year [5]. - Average Balances - Total interest-earning assets are estimated at $9.36 billion, slightly up from $9.30 billion reported last year [6]. - Total Non-Performing Assets are projected to reach $143.98 million, compared to $122.18 million in the same quarter of the previous year [6]. - Noninterest income is forecasted at $17.89 million, down from $23.68 million year over year [7]. - Net interest income is expected to be $88.62 million, compared to $87.63 million reported last year [7]. Stock Performance - Over the past month, Amerant Bancorp shares have recorded a return of +1.1%, while the Zacks S&P 500 composite has changed by -0.4% [7]. - Based on its Zacks Rank 3 (Hold), AMTB is likely to perform in line with the overall market in the upcoming period [7].

Core Viewpoint - Amerant Bancorp Inc. is set to release its fourth quarter 2025 financial results on January 22, 2026, after market close, with a subsequent conference call scheduled for January 23, 2026, to discuss these results [1][2]. Group 1: Financial Results Announcement - The company will announce its fourth quarter 2025 results on January 22, 2026, after the market closes [1]. - Investors can access the financial results on Amerant's investor relations website [1]. Group 2: Conference Call Details - A conference call will be hosted by Carlos Iafigliola and Sharymar Calderón on January 23, 2026, at 9:00 AM ET to discuss the financial and operating results [2]. - The conference call will be available via a live webcast on the company's website, with a replay accessible for approximately one month [3]. Group 3: Company Overview - Amerant Bancorp Inc. is a bank holding company based in Coral Gables, Florida, operating since 1979 [4]. - The company provides a range of services including deposit, credit, and wealth management through its main subsidiary, Amerant Bank, N.A., which has been in operation for over 45 years [4]. - Amerant Bank operates 23 banking centers, with 21 located in South Florida and 2 in Tampa, Florida [4].