FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38534 Amerant Bancorp Inc. (Exact name of registrant as specified in its charter) (State or other jurisdic ...

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]

For the quarter ended June 2025, Amerant Bancorp Inc. (AMTB) reported revenue of $110.26 million, up 11.6% over the same period last year. EPS came in at $0.57, compared to $0.28 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $103.95 million, representing a surprise of +6.07%. The company delivered an EPS surprise of +50%, with the consensus EPS estimate being $0.38. Shares of Amerant Bancorp have returned +12.8% over the past month versus the Zacks S&P 500 composi ...

Amerant Bancorp Inc. (AMTB) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.24, delivering a surprise of -40%. Over the last four quarters, the com ...

AMERANT REPORTS SECOND QUARTER 2025 RESULTS Board of Directors Declares Quarterly Cash Dividend of $0.09 per Share of Common Stock CONTACTS: Investors Laura Rossi InvestorRelations@amerantbank.com (305) 460-8728 Media Alexis Dominguez MediaRelations@amerantbank.com (305) 441-8412 CORAL GABLES, FLORIDA, July 23, 2025. Amerant Bancorp Inc. (NYSE: AMTB) (the "Company" or "Amerant") today reported net income attributable to the Company of $23.0 million in the second quarter of 2025, or $0.55 income per diluted ...

Core Viewpoint - Amerant Bank has appointed Elliot Shafer as SVP, Head of Business Development to enhance its growth and market presence in Florida [1][2]. Group 1: Appointment and Role - Elliot Shafer will support Amerant's growth by identifying, evaluating, and pursuing business opportunities that align with the bank's strategic objectives [1][2]. - Shafer's responsibilities will include leading initiatives to expand Amerant Bank's market presence, developing networks, establishing partnerships, and promoting cross-selling activities [2][3]. Group 2: Background and Experience - Elliot Shafer has extensive experience in business development, previously serving as Senior Vice President, Market Director at Huntington National Bank [3]. - He has held leadership roles in middle market banking for TCF Bank and its predecessor companies, bringing a wealth of experience in commercial and business banking to Amerant [3]. Group 3: Company Overview - Amerant Bank is a prominent financial institution in Florida, serving clients for over 40 years and comprising subsidiaries such as Amerant Investments and Amerant Mortgage [4]. - The bank has been recognized as a Most Loved Workplace® by Best Practice Institute in 2022, 2023, and 2024, highlighting its commitment to community and client relationships [4].

Core Viewpoint - The Schall Law Firm is investigating Amerant Bancorp Inc. for potential violations of securities laws, particularly regarding misleading statements and undisclosed information that may have affected investors [1][2]. Financial Performance - Amerant Bancorp reported Q1 2025 financial results on April 23, 2025, with earnings per share significantly missing consensus estimates [2]. - The Chairman and CEO indicated that loan activity was flat quarter over quarter due to increased payoffs and paydowns offsetting new production [2]. - Following the earnings report, Amerant's shares dropped by over 13% the next day [2].

Financial Performance - Net income attributable to Amerant Bancorp Inc. for Q1 2025 was $11,958 thousand, compared to $10,568 thousand in Q1 2024, reflecting an increase of 13.2%[12] - The company reported comprehensive income of $24,490 thousand for Q1 2025, significantly higher than $5,480 thousand in Q1 2024[14] - Basic earnings per share for Q1 2025 was $0.28, a decrease from $0.32 in Q1 2024[14] - Net income for the three months ended March 31, 2025, was $11,958,000, an increase of 13.2% compared to $10,568,000 for the same period in 2024[17] - The efficiency ratio improved to 67.9% in the three months ended March 31, 2025, compared to 72.0% in the same period of 2024[194] Asset and Deposit Growth - Total assets increased to $10,169,688 thousand as of March 31, 2025, up from $9,901,734 thousand at December 31, 2024, representing a growth of 2.7%[11] - Total deposits grew to $8,154,978 thousand as of March 31, 2025, up from $7,854,595 thousand at December 31, 2024, marking a 3.8% increase[11] - Total interest-earning assets rose to $9,294,146 thousand in Q1 2025, up from $8,942,043 thousand in Q1 2024, representing an increase of about 3.9%[205] Income and Interest Metrics - Net interest income for Q1 2025 was $85,904 thousand, an increase of 10.4% compared to $77,968 thousand in Q1 2024[12] - Noninterest income increased to $19,525 thousand in Q1 2025, compared to $14,488 thousand in Q1 2024, a growth of 35.0%[12] - The net interest margin improved to 3.75% in Q1 2025 from 3.51% in Q1 2024, showing an enhancement of 24 basis points[207] - The cost of total deposits decreased to 2.60% in Q1 2025 from 3.00% in Q1 2024, reflecting a reduction of 40 basis points[207] Credit Losses and Provisions - Provision for credit losses rose to $18,446 thousand in Q1 2025, up from $12,400 thousand in Q1 2024, indicating a 48.5% increase[12] - The allowance for credit losses increased to $98,266 thousand as of March 31, 2025, up from $84,963 thousand at December 31, 2024[11] - The provision for credit losses on loans for the three months ended March 31, 2025, was $17.196 million, which included $13.9 million for specific reserves and $4.7 million for macroeconomic model adjustments[70] Loan Portfolio and Quality - Total loans held for investment decreased to $7.16 billion as of March 31, 2025, from $7.23 billion at December 31, 2024, representing a decline of approximately 1%[54] - Total past due loans increased to $103.71 million as of March 31, 2025, compared to $55.94 million at December 31, 2024, indicating a significant rise in delinquency[59] - Nonaccrual loans totaled $89.99 million as of March 31, 2025, compared to $72.72 million at December 31, 2024, reflecting an increase of approximately 23.7%[60] - The Allowance for Credit Losses (ACL) increased by $13.3 million, or 15.7%, to $98.266 million as of March 31, 2025, compared to December 31, 2024[68] Strategic Initiatives and Changes - The company is in the process of dissolving its Cayman Bank subsidiary, expected to be completed in 2025[21] - In April 2025, the company announced a strategic transition to focus on in-footprint mortgage lending, planning to reduce FTE count from 77 to 20 within 120 days[156] - The company opened a new regional headquarters and banking center in West Palm Beach in April 2025, with additional locations planned in Miami Beach and downtown Tampa[155] Regulatory and Economic Environment - The company is subject to extensive regulation, which could limit activities and adversely affect earnings, alongside potential legal and regulatory changes impacting financial institutions[147] - The unemployment rate has slightly increased to just above 4%, with economists anticipating a potential recession in the latter half of 2025 due to tariff impacts[159][160] - The Federal Reserve has maintained steady interest rates despite inflation remaining above its 2% target, contributing to economic uncertainty[158]

Group 1 - The credit quality outlook for US banks has worsened following President Trump's tariffs, which have led to increased market volatility and economic uncertainty [2] - Several US banks have responded to the changing economic environment by increasing their credit loss reserves [2]