Financial Performance - Net interest income after the reversal of provision for loan losses was $65,645 thousand for the three months ended March 31, 2022, up from $47,569 thousand in the same period of 2021, representing a year-over-year increase of 37.94%[8] - Net income attributable to Amerant Bancorp Inc. was $15,950 thousand for the three months ended March 31, 2022, compared to $14,459 thousand in the same period of 2021, an increase of 10.3%[8] - Basic earnings per common share increased to $0.46 for the three months ended March 31, 2022, compared to $0.38 in the same period of 2021, a growth of 21.05%[11] - The company reported a comprehensive loss of $23,691 thousand for the three months ended March 31, 2022, compared to a comprehensive income of $2,704 thousand in the same period of 2021[11] - The total liabilities increased to $7,056,440 thousand as of March 31, 2022, from $6,806,526 thousand at December 31, 2021, representing a growth of 3.67%[5] Asset and Equity Changes - Total assets increased to $7,805,836 thousand as of March 31, 2022, compared to $7,638,399 thousand at December 31, 2021, reflecting a growth of 2.19%[5] - Total stockholders' equity decreased to $749,396 thousand as of March 31, 2022, from $831,873 thousand at December 31, 2021, a decline of 9.87%[5] - The company’s retained earnings rose to $565,963 thousand as of March 31, 2022, compared to $553,167 thousand at December 31, 2021, reflecting an increase of 2.00%[5] Deposits and Loans - Total deposits rose to $5,691,701 thousand as of March 31, 2022, compared to $5,630,871 thousand at December 31, 2021, marking an increase of 1.08%[5] - As of March 31, 2022, the company had total loans held for investment of $5.64 billion, an increase from $5.41 billion as of December 31, 2021, representing a growth of approximately 4.2%[77] - The company reported a total of $4.04 billion in real estate loans held for investment as of March 31, 2022, up from $4.01 billion as of December 31, 2021[77] Expenses and Income - Total noninterest expenses increased to $60,818 thousand for the three months ended March 31, 2022, compared to $43,625 thousand in the same period of 2021, reflecting a significant rise of 39.5%[8] - Noninterest income for the three months ended March 31, 2022, was $14,025 thousand, slightly down from $14,163 thousand in the same period of 2021, a decrease of 0.97%[8] Loan Losses and Provisions - The allowance for loan losses decreased to $56,051 thousand as of March 31, 2022, from $69,899 thousand at December 31, 2021, indicating a reduction of 19.8%[5] - The provision for loan losses was $(5,594,000) for Real Estate, $(2,585,000) for Commercial, and $(1,820,000) for Consumer and Others, totaling $(10,000,000)[92] Stock and Shareholder Actions - The Company repurchased Class A common stock amounting to $54,820,000 during the three months ended March 31, 2022[18] - The Company declared a cash dividend of $0.09 per share, amounting to $3.2 million, which was paid on February 28, 2022[163] Cash Flow and Financing Activities - Cash flows from operating activities for the three months ended March 31, 2022, resulted in a net cash used of $12,118,000, compared to a net cash provided of $7,022,000 in the same period of 2021[18] - The company reported a net cash provided by financing activities of $200,292,000 for the three months ended March 31, 2022, compared to a net cash used of $55,432,000 in the same period of 2021[18] Securities and Investments - The total debt securities available for sale amounted to $1,183.1 million as of March 31, 2022, with an estimated fair value of $1,145.8 million[52] - The Company held corporate debt securities with a fair value of $170.0 million as of March 31, 2022, which had total unrealized losses of $6.9 million[61] Tax and Regulatory Matters - The effective combined federal and state tax rates for the three months ended March 31, 2022, was 21.10%, up from 20.15% in 2021[154] - The Company is reviewing new accounting guidance that may impact its consolidated financial statements, effective for fiscal years beginning after December 15, 2022[46]

Financial Data and Key Metrics Changes - Net income attributable to the company was $16 million, down 75% quarter-over-quarter, primarily due to a one-time gain on the sale of the headquarters building recorded in the fourth quarter of 2021 [7] - Core PPNR was $17.9 million, down by 5.5% compared to the previous quarter [10] - Total gross loans were $5.72 billion, up from $5.57 billion last quarter, despite $253 million in loan prepayments and the sale of $57.3 million from the former New York City loan production office [8] - Total deposits were $5.69 billion, up $16.8 million compared to last quarter, with core deposits increasing by $150.4 million [8][13] Business Line Data and Key Metrics Changes - Amerant Mortgage closed 157 loans for a total of $93.6 million in the first quarter, with a current pipeline showing over $94 million in process [16] - The loan portfolio saw total loan growth of $5.7 billion, up 3% compared to the last quarter, with consumer loans increasing by $62 million or 15% quarter-over-quarter [18] - Non-interest income in the first quarter was $14 million, down 82% from the previous quarter, primarily due to the absence of a $62 million gain from the sale of the headquarters [27] Market Data and Key Metrics Changes - Domestic deposits accounted for 56% of total deposits, totaling $3.2 billion, up $43 million or 1.4% compared to the previous quarter [13] - Foreign deposits, which account for 44% of total deposits, totaled $2.5 billion, slightly up by $18 million over the quarter [13] Company Strategy and Development Direction - The company is focused on transforming its operations to better position itself for success, with a commitment to executing its strategic priorities throughout 2022 [6] - A new head of retail banking has been hired to drive a sales-focused culture in branches, and the company is expanding its loan production office in Tampa [12][34] - The company aims to maintain a loan-to-deposit ratio in the 95% to 100% range, focusing on generating non-interest bearing deposit relationships [62] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth expectations, projecting higher growth rates in the double-digit range moving forward [38] - The company is aware of the challenges posed by rising interest rates but believes it has absorbed most of the shock from recent rate increases [42] - Management emphasized the importance of maintaining a focus on growth while continuing to transform the organization [35] Other Important Information - The company initiated a new $50 million share repurchase program, with $32.7 million used under this authorization as of quarter-end [9] - The efficiency ratio was 87.3% in the first quarter, up from 41.4% in the previous quarter, primarily due to the absence of the gain from the headquarters sale [30] Q&A Session Summary Question: Loan growth expectations - Management indicated expectations for higher loan growth rates, projecting double-digit growth moving forward [38] Question: Capital and share repurchase rationale - Management discussed the impact of interest rate shocks on capital and emphasized a selective approach to share repurchases while maintaining liquidity [42][43] Question: Transformation progress - Management described the company as being in the middle innings of its transformation, with many goals close to being achieved [44][46] Question: Mortgage business breakeven timeline - Management expressed commitment to the mortgage division and anticipated closer proximity to breakeven in the second quarter [51][52] Question: Deposit pricing changes - Management noted specific adjustments to large relationships tied to fed funds but indicated no widespread increases in deposit rates [67]

Amerant Bancorp (NYSE:AMTB) Q4 2021 Earnings Conference Call January 20, 2022 9:00 AM ET Company Participants Laura Rossi – Investor Relations Jerry Plush – Vice Chairman, President and Chief Executive Officer Carlos Lafigliola – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Rose – Raymond James Stephen Scouten – Piper Sandler Feddie Strickland – Janney Montgomery Will Jones – KBW Brody Preston – Stephens Michael Young – Truist Operator Good day and thank you for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period __________ to __________ Commission File Number: 001-38534 Amerant Bancorp Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdictio ...

Amerant Bancorp Inc. (NYSE:AMTB) Q3 2021 Earnings Conference Call October 21, 2021 9:00 AM ET Company Participants Laura Rossi - Investor Relations Jerry Plush - Vice Chairman, President and Chief Executive Officer Carlos Lafigliola - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Rose - Raymond James Stephen Scouten - Piper Sandler Feddie Strickland - Janney Montgomery Will Jones - KBW Brody Preston - Stephens Michael Young - Truist Disclaimer*: This transcript is ...

Financial Data and Key Metrics Changes - Net income attributable to the company for Q2 2021 was $16 million, up 10.4% quarter-over-quarter, driven by higher net interest income and non-interest income, along with a $5 million release from the allowance for loan losses [9] - Total loans were $5.6 billion, down 2.5% from the previous quarter, while total deposits were $5.7 billion, slightly down from last quarter [9][24] - Core PPNR was reported at $17 million, an 8% increase compared to the previous quarter [10] - Net interest income for Q2 was $50 million, up 5% quarter-over-quarter and 8% year-over-year, with a net interest margin of 2.81%, up 15 basis points quarter-over-quarter [26] Business Line Data and Key Metrics Changes - The investment portfolio remained unchanged at $1.3 billion, while the loan portfolio decreased primarily due to prepayments and the sale of PPP loans [18][19] - Non-interest income increased to $16 million, up 11% from Q1, driven by gains from the sale of PPP loans [27] - Non-interest expenses rose to $52 million, up 18% from the previous quarter, primarily due to higher salaries and severance costs [28] Market Data and Key Metrics Changes - Total deposits decreased slightly by 0.1% from the previous quarter, with core deposits increasing by $246 million or 7% [24][25] - Non-performing assets totaled $122 million, up 35% quarter-over-quarter, attributed to increases in classified loans [22] Company Strategy and Development Direction - The company is focused on improving profitability and driving sustainable growth, with strategic initiatives aimed at reducing funding costs and operating expenses [33] - Partnerships with fintech companies like Numerated and Marstone are expected to enhance small business lending and digital wealth management capabilities [13][14] - The company plans to optimize its branch network and has announced the closure of a banking center in Wellington, Florida [30][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the Florida and Texas economies, noting improved occupancy rates in the hotel and retail sectors [71] - The company is optimistic about achieving a 60% efficiency ratio within the next six quarters, with ongoing investments in business generation and process improvements [39][58] Other Important Information - The company repurchased over 565,000 shares for a total of $9.6 million as part of its Class B share buyback program [9][41] - The allowance for loan losses decreased to $104 million, down 6% from the previous quarter, reflecting improved macroeconomic conditions [20] Q&A Session Summary Question: Context on classified loans in New York - Management provided details on four commercial real estate loans that were classified, confirming adequate loan loss provisions based on recent appraisals [43][44] Question: Concerns about other credits in the New York market - Management indicated no particular concerns at this time, with sufficient loan loss provisions in place [46] Question: Update on Class B share buyback program - Approximately 8.6 million Class B shares remain outstanding, with the buyback program continuing as planned [47][48] Question: Expense base outlook and efficiency ratio - Management discussed ongoing investments in Amerant Mortgage and treasury management, with expectations for continued expense increases in the near term [53][55] Question: Capital deployment options - Management confirmed that all options are on the table for capital deployment, including dividends and potential acquisitions in specialty finance [60]