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]

Amerant Bancorp (NYSE:AMTB) Q4 2025 Earnings call January 23, 2026 09:00 AM ET Company ParticipantsCarlos Iafigliola - Senior EVP and Interim CEOLaura Rossi - EVP and Head of Investor Relations and StrategyMichael Rose - Managing Director of Equity ResearchRussell Gunther - Managing DirectorSharymar Calderón - Senior EVP and CFOWoody Lay - VPOperatorWelcome to the Amerant Bancorp's fourth quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. A question-and-answer ses ...

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].

Core Viewpoint - Amerant Bank is expanding its presence in South Florida with the opening of a new Bay Harbor Banking Center, enhancing its commitment to serve clients in high-growth markets [1][3]. Group 1: New Banking Center Details - The Bay Harbor Banking Center is located at 1050 Kane Concourse, covering an area of 1,300 square feet, and is designed to serve residents, professionals, and local businesses in the Bay Harbor Islands community [2]. - The center includes an onsite ATM and offers a full range of personalized banking and financial services [2]. Group 2: Strategic Expansion - The opening of the Bay Harbor Banking Center is part of Amerant's strategic expansion in 2025, which also includes new locations in Tampa, Miami Beach, and West Palm Beach, reinforcing its position as Florida's bank of choice [3]. - The Miami Beach banking center, opened in September 2025, was the first of two centers serving the greater Miami Beach market [4]. Group 3: Company Background - Amerant Bank, a subsidiary of Amerant Bancorp Inc. (NYSE: AMTB), has been serving clients for over 45 years and is recognized for its community engagement and support for non-profit organizations [5]. - The company has been certified as a Most Loved Workplace® by Best Practice Institute for four consecutive years from 2022 to 2025 [5].