Amerant Bancorp (AMTB) investor relations material

Executive summary

• Net income rose to $17.9 million ($0.44 per diluted share) in Q1 2026, up from $2.7 million ($0.07 per share) in Q4 2025, reflecting improved operational efficiency, cost savings, and lower provision for credit losses.

• Achieved progress on strategic priorities: business stabilization, credit portfolio optimization, and sustainable growth, with a focus on Florida and winding down the national mortgage business.

• Strong international deposit growth, especially from Venezuela, contributed to funding and profitability.

• Significant cost savings initiatives led to reduced non-interest expenses and improved efficiency.

• Board declared a $0.09 per share cash dividend, payable May 29, 2026.

Financial highlights

• Net interest income was $80.3 million, down $9.9 million sequentially and 6.5% year-over-year, mainly due to lower asset yields and rate cuts.

• Noninterest income was $17.4 million, down $4.6 million sequentially and 11.0% year-over-year, reflecting absence of prior quarter's one-time gains.

• Noninterest expense dropped to $66.9 million, a 37.3% decrease sequentially and 6.5% year-over-year, driven by cost savings and vendor renegotiations.

• Total assets reached $9.9 billion, up 1.3% sequentially and 1.3% from December 31, 2025; total deposits grew to $7.9 billion, up 2.0%.

• Pre-tax pre-provision net revenue (PPNR) surged to $30.7 million, up 469.6% sequentially.

Outlook and guidance

• Projected Q2 2026 loan balances of ~$7 billion and annualized loan growth of ~7% for 2026.

• Deposit growth expected to reach $8 billion in Q2 and 8%-10% for the year, with Venezuela as a key driver.

• Net interest margin guidance for Q2 is 3.4%-3.5%, stabilizing at 3.4% by year-end.

• Quarterly expenses projected at $68-$69 million, targeting an efficiency ratio of ~60%.

• Management expects continued focus on expense discipline, balance sheet optimization, and growth in lower-cost international deposits amid a challenging rate and competitive environment.