Amerant Bancorp (AMTB) investor relations material

Executive summary

• Strategic initiatives focused on credit optimization, operational efficiency, relationship-first model, and sustainable growth in core and international markets, especially Venezuela.

• Net income for Q2 2026 was $21.0 million ($0.53 per diluted share), up from $17.9 million in Q1 2026, driven by balance sheet growth, deposit generation, and expense management.

• Total assets reached $10.3 billion at June 30, 2026, up from $9.9 billion in the previous quarter, supported by growth in securities and loans.

• Significant growth in international deposits, notably from Venezuela, contributed to improved funding costs and profitability.

• Continued disciplined capital management with ongoing share repurchases and dividends.

Financial highlights

• Net interest income for Q2 2026 was $82.6 million, with net interest margin at 3.52%.

• Total deposits increased to $8.4 billion, up $416 million sequentially, driven by international growth.

• Diluted EPS was $0.53, up from $0.44 in the prior quarter.

• Noninterest income for Q2 2026 was $18.2 million; noninterest expense was $68.9 million.

• Provision for credit losses was $4.8 million in Q2 2026, down 21.6% year-over-year.

Outlook and guidance

• Total loans projected to reach $7.3 billion and deposits $9.1 billion by Q4 2026, with net interest margin expected to remain around 3.50%.

• Operating expenses expected to decline to $66–67 million in Q4, targeting an efficiency ratio of ~60%.

• ROA expected to reach 1% by year-end, driven by NII and low-cost deposit growth.

• Management anticipates continued focus on expense discipline, balance sheet optimization, and international deposit growth.

• The macroeconomic environment is expected to remain challenging, with persistent inflation and elevated interest rates.