Call Start: 09:00 January 1, 0000 10:07 AM ET Amerant Bancorp Inc. (NYSE:AMTB) Q3 2023 Earnings Conference Call October 20, 2023 09:00 ET Company Participants Laura Rossi - Head of Investor Relations & Sustainability Jerry Plush - Chairman & Chief Executive Officer Sharymar Calderon - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Rose - Raymond James Brady Gailey - KBW Feddie Strickland - Janney Montgomery Scott Matt Olney - Stephens Operator Good day and thank you ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1 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, 2023 or ☐ 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) Florida 65-0032379 (St ...

Financial Data and Key Metrics Changes - Net income attributable to the company was $7.3 million, down from $20.2 million in Q1 2023, primarily due to higher provision for credit losses [7][8] - Net interest margin (NIM) decreased to 3.83% from 3.9% in the previous quarter [7][8] - Total assets increased by $24 million, total gross loans rose to $7.22 billion, and total deposits grew to $7.58 billion, up $293 million from the last quarter [8][10] Business Line Data and Key Metrics Changes - Core pre-provision net revenue (PPNR) was $39.2 million, up from $37.1 million in the previous quarter [9] - Loans grew year-to-date by $297 million (4.3%) and $102 million (1.4%) in Q2 [10] - Deposits increased year-to-date by $535 million (7.6%) and $293 million (4%) in Q2 [10] Market Data and Key Metrics Changes - Domestic deposits accounted for 67% of total deposits, totaling $5.1 billion, up $222 million (4.5%) from the previous quarter [16] - International deposits, which make up 33% of total deposits, totaled $2.5 billion, up $71 million (3%) compared to the prior quarter [16] Company Strategy and Development Direction - The company aims to focus on organic deposit growth and reduce reliance on other funding sources, with a target loan-to-deposit ratio of 95% [10][16] - The banking center rationalization continues, with new locations opening and consolidations planned to improve efficiency [11][13] - The company is actively promoting its AmerantProtect product to ensure customer deposits are fully insured [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the pressure on margins due to competitive deposit pricing and indicated a potential NIM reduction of 18 to 20 basis points in the upcoming quarters [35][43] - The company expects stronger loan growth in Q3, driven by a solid pipeline and ongoing efforts in all served markets [42][56] - Management emphasized the importance of maintaining a focus on non-interest-bearing deposits to manage costs effectively [49][70] Other Important Information - The company repurchased 95,262 shares for $1.7 million under its $25 million share repurchase program [12][21] - The allowance for credit losses increased to $106 million, reflecting a provision for credit losses of $29.1 million in Q2 [15][30] - The transition from LIBOR to SOFR for approximately 390 loans totaling about $1.1 billion was successfully completed [29] Q&A Session Summary Question: Insights on deposit mix and NIM expectations - Management noted that while non-interest-bearing deposits decreased as a percentage, they still grew in absolute terms, and they aim to manage margin compression proactively [49][50] Question: Sources of loan growth - Growth is expected across all markets, with significant demand in South Florida, Tampa, and Houston, driven by relationship-building efforts [52][54] Question: Future expense management strategies - The company is reassessing all expense line items and exploring opportunities for cost reductions, including potential changes in office space utilization [57][58] Question: Share repurchase program outlook - Management intends to continue the share repurchase program prudently, balancing capital growth and dividend payments [61][62] Question: Performance of the New York office loan portfolio - The office loan portfolio is currently stable, with no immediate issues, although one loan has been flagged for concern [64][66]

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 March 31, 2023 ☐ 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) Florida 65-0032379 (State ...

Amerant Bancorp Inc. (NYSE:AMTB) Q1 2023 Results Conference Call April 21, 2023 9:00 AM ET Company Participants Laura Rossi - Senior Vice President, Head of Investor Relations Jerry Plush - Chairman, Chief Executive Officer Carlos Iafigliola - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Michael Rose - Raymond James Stephen Scouten - Piper Sandler Feddie Strickland - Janney Matt Olney - Stephens Will Jones - KBW Operator Good day and thank you for standing by. Welcom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ 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 Amerant Bancorp Inc. (Exact Name of Registrant as Specified in Its Charter) Florida 65-0032379 (State or Othe ...

Amerant Bancorp (NYSE:AMTB) Q4 2022 Earnings Conference Call January 20, 2023 9:00 AM ET Company Participants Jerry Plush - Chairman, Chief Executive Officer Carlos Iafigliola - Senior Executive Vice President, Chief Financial Officer Laura Rossi - Senior Vice President, Head of Investor Relations Conference Call Participants Matt Olney - Stephens Brady Gailey - KBW Michael Rose - Raymond James Feddie Strickland - Janney Stephen Scouten - Piper Sandler Operator Good day and thank you for standing by. Welcom ...

Amerant Bancorp Inc. (NYSE:AMTB) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET Company Participants Laura Rossi - Head, Investor Relations Jerry Plush - Chairman and CEO Carlos Iafigliola - Chief Financial Officer Conference Call Participants Brady Gailey - KBW Michael Rose - Raymond James Matthew Olney - Stephens Feddie Strickland - Janney Montgomery Scott Operator Good day and thank you for standing by. Welcome to the Amerant Third Quarter 2022 Earnings Conference Call. At this time, all pa ...