Amerant Bancorp Inc. · NYSE:AMTB
Amerant Bancorp — Investor Presentation (February 2025)
37 slides from Amerant Bancorp's investor presentation, Feb 12, 2025
Slide 1: Investor Update
Investor Update February 12, 2025 NYSE: AMTB amerantbank.com
Slide 2: Table of Contents
Being the bank of choice in the markets we serve. Table of Contents 1 About Us 2 Company Updates 3 Performance Updates Investor Update | 2
Slide 3: Important Notices and Disclosures
Important Notices and Disclosures Forward-Looking Statements This presentation contains “forward-looking statements” including statements with respect to the Company’s objectives, expectations and intentions and other statements that are not historical facts. Examples of forward-looking statements
Slide 4: About Us
AMERANT BANK ARENA
Slide 5: About Us
About Us Financial and non-financial information provided here is as of December 31, 2024 Founded in 1979 History Completed IPO in December 2018 Rebranded as Amerant in June 2019 Team Members 698 FTEs (80 FTEs - Amerant Mortgage) Assets $9.9 billion Deposits $7.9 billion AUM $2.9 billion under manag
Slide 6: Our Investment Proposition
Our Investment Proposition Established franchise with high scarcity value; presence in attractive, high-growth markets of South Florida, Tampa and Central Florida. Strong and diverse deposit base; organic, deposits-first focus. Well capitalized; solid credit reserve coverage. Completed multiyear tra
Slide 7: Our Mission, Vision, and Precepts
Our Mission, Vision, and Precepts Mission To provide our customers with the products, services and advice they need to achieve financial success, through our diverse, inclusive and motivated team that is personally involved with the communities we serve, all of which result in increased shareholder
Slide 8: Experienced Leadership Team
Experienced Leadership Team Jerry Plush | Chairman and CEO Mr. Plush serves as the Company’s Chairman, President, and CEO since June 8, 2022, having served previously as Vice-Chairman & CEO since March 20, 2021, and as Vice Chairman since February 15, 2021. Mr. Plush is a highly respected financial
Slide 9: Our Team
Our Team Workforce Demographics as of 12/31/23 2% 4% 3% 10% 11% 31% Race/ Age 49% Gender 51% Ethnicity* 58% 81% <31 31-50 51+ Women Men White, Non Hispanic Hispanic Black Asian Other *Numbers do not include team members from Amerant Mortgage. For the third consecutive year, Amerant Bank was certifie
Slide 10: Company Updates
Company Updates
Slide 11: Recent Events
Recent Events Capital Raise On September 27, 2024, Amerant Bancorp Inc. (NYSE: AMTB) closed its public offering of 8,684,210 shares of its Class A voting common stock, at a price of $19.00 per share. The total gross proceeds from the offering were approximately $165 million, with net proceeds of $15
Slide 12: Mid-Quarter Updates (continued)
Mid-Quarter Updates (continued) Hiring International banking: Six offers accepted, four of whom have already started. Private banking: three offers accepted; one has started in Tampa and two will come onboard in February. Commercial banking: two offers accepted; one in Broward and the other in Miami
Slide 13: Digital Transformation
Digital Transformation Groundwork is set post FIS conversion for Amerant to continue enhancing digital capabilities and achieve core results. Completed successful technology reorganization. Enhanced payment capabilities for commercial and consumer clients. New FIS technology framework gives us the a
Slide 14: Maximizing impact
Maximizing impact Unlocking the full potential of Sports Partnerships. Amerant Bank x Miami Heat: A Game-Changing Partnership Amerant Bank x Florida Panthers: A Championship Partnership Investor Update | 14
Slide 15: Sports partnerships: Marlins, Rays, FTL United FC
Amerant Bank x Miami Marlins: A Home Run Partnership. Amerant Bank x Tampa Bay Rays: Expanding Our Presence in Tampa Amerant Bank x FTL United FC: Empowering the Future of Women’s Soccer Investor Update | 15
Slide 16: Banking Center & Regional Office Updates
Banking Center & Regional Office Updates Miami Beach Two banking centers - 41st Street is targeted for first half of 2025, Bay Harbor is targeted for the second half of 2025 > Miami Beach (41st Street) > Miami Beach (Bay Harbor area) Miami Beach Tampa One banking center targeted for second half of 2
Slide 17: Performance Updates
Performance Updates
Slide 18: 4Q 2024 Highlights
4Q 2024 Highlights (as of December 31, 2024) Balance Sheet Total assets were $9.9 billion, down by $455.4 million, compared to $10.4 billion in 3Q24 Cash and cash and equivalents were $590.4 million, down by $81.5 million, compared to $671.8 million in 3Q24 Total investments were at $1.50 billion, d
Slide 19: 1Q25 Outlook and Other Items of Note
Other Items of Note Securities Portfolio repositioning completed in early October 2024 with $8.1 million in losses in 4Q24 Houston Franchise Sale completed on November 8, 2024 with deposit premium of $12.5 million and transaction costs of approximately $2.7 million Gain on early repayment of FHLB Ad
Slide 20: Key Performance Metrics
Key Performance Metrics (as of December 31, 2024) NIB Deposits / 3Q24 18.3% Other Highlights 4Q24 Total Deposits 4Q24 19.2% Loan to deposit ratio was Net Interest 3Q24 3.49% 92.5% compared to 93.2% Margin in 3Q24 4Q24 3.75% Efficiency 3Q24 228.74% Strong organic deposit Ratio 74.91% 4Q24 growth 3Q24
Slide 21: Deposit Composition
Deposit Composition (as of December 31, 2024) Deposit Composition ($ in millions, except for percentages) 8,000 $7,895 $7,878 $8,111 $7,816 $7,854 $1,427 $1,397 $1,482 7,000 $1,465 $1,504 $737 $650 $702 6,000 $700 $702 5,000 $1,595 $1,578 $1,611 $1,702 $1,533 4,000 $4,153 $4,236 $4,040 $4,225 3,000
Slide 22: Loan Composition
Loan Composition (as of December 31, 2024) Loan Composition (1) ($ in millions, except for percentages) 4.8% 4.2% 5.4% 3.8% 3.8% 21.6% 21.7% 21.4% 20.4% 21.3% 16.4% 16.2% 16.2% 17.0% 13.9% 20.9% 22.7% 23.9% 26.4% 22.5% 7.09% 7.08% 7.08% 7.05% 7.00% 37.2% 34.1% 35.0% 34.7% 34.7% 4Q23 1Q24 2Q24 3Q24 4
Slide 23: Credit Quality Update
Credit Quality Update (as of December 31, 2024) Allowance for Credit Losses ($ in millions) $79.9 $85.0 $2.7 $5.1 $2.5 $0.5 $1.7 $(7.4) 3Q24 Gross Charge-offs Recoveries Requirement for Specific Reserves Credit Quality and Loan Growth 4Q24 Charge-offs Change Macroeconomic Changes Special Mention Loa
Slide 24: Capital
Capital (as of December 31, 2024) Total Capital Ratio 13.43% Regulatory Minimum (1) : 10.00% Common Equity Tier 1 Capital (CET1) Ratio Regulatory Minimum (1): 6.50% 11.21% 8.77% TCE Ratio (2,3,4) TBV/Share (4) $20.56 Capital Allocation Strategy Class A Common Stock Repurchase Program In 2024, the Co
Slide 25: Liquidity
Liquidity (as of December 31, 2024) Our standard liquidity management practices include: Regular testing of lines of credit; satisfactory results have been obtained as of December 31, 2024 Daily monitoring of Federal Reserve Bank account balances as well as large fund providers Daily analysis of len
Slide 26: Supplemental Information
Supplemental Information
Slide 27: Investment Portfolio
Investment Portfolio Fixed vs. Floating (3) Balances and Yields (1) September 2024 December 2024 ($ in millions) $2.5 $2.6 $2.5 14.3% 16.8% 1,500 $226.6 4.9 yrs 5.2 yrs 1,000 Effective Effective 4.73% Duration Duration 500 4.17% 4.19% 0 85.7% 83.2% $1,217.5 $1,476.4 $1,437.2 Fixed rate 4Q23 3Q24 4Q2
Slide 28: Interest Rate Sensitivity
Interest Rate Sensitivity Impact on NII from Interest Rate Change (1) As of December 31, 2024 3.7% 5.3% 6.8% (3.8)% (1.9)% 0% (8.3)% ($ in Millions) 374 380 385 347 354 361 331 -200 bps -100 bps -50 bps BASE +50 bps +100 bps +200 bps Net Interest Income Change from base Impact on AFS from Interest R
Slide 29: Commercial Real Estate (CRE) Held for Investment-Detail
Commercial Real Estate (CRE) Held for Investment-Detail Outstanding as of December 31, 2024 ($ in millions, except %) % Total % Total Income Land and CRE Type FL TX NY Other Total CRE Loans (1) Producing (2) Construction Retail $603 $19 $83 15 $720 29.0% 10.0% $720 - Multifamily 296 60 84 15 455 18.
Slide 30: EPS Trend
EPS Trend As of December 31, 2024 Change in Diluted Earnings (Loss) Per Common Share $3.00 $2.00 $1.92 $1.00 $0.40 $0.18 $0.27 $- $(0.10) $(1.00) $(0.44) $(1.50) $(2.00) $(1.43) 3Q24 Core PPNR* Net Non-Routine Provision for Credit Capital Raise Income Tax Expense 4Q24 Items Losses * Refers to core P
Slide 31: Glossary
Glossary • ACL - Allowance for Credit Losses • MV - Market Value • AFS - Available for Sale • NPL -Non-Performing Loans • AOCI/ AOCL - Accumulated Other Comprehensive Income/Loss • NPA -Non-Performing Assets • CET 1 - Common Equity Tier 1 capital ratio • NIB -Noninterest Bearing • CRE - Commercial R
Slide 32: Appendix
Appendix
Slide 33: Exhibit 2- Non-GAAP Financial Measures Reconciliation
Exhibit 2- Non-GAAP Financial Measures Reconciliation The following table sets forth selected financial information derived from the Company’s interim unaudited and annual audited consolidated financial statements, adjusted for certain costs incurred by the Company in the periods presented related t
Slide 34: Non-GAAP Reconciliation Table
Years Ended Three Months Ended, December 31, (in thousands, except percentages and per December 31, September 30, June 30, March 31, December 31, 2024 2023 share data) 2024 2024 2024 2024 2023 Net income (loss) attributable to Amerant Bancorp Inc. $ 16,881 $ (48,164) $ 4,963 $ 10,568 $ (17,123) $(15
Slide 35: Selected Financial Information Reconciliation
Years Ended Three Months Ended, December 31, (in thousands, except percentages, share data December 31, September 30, June 30, March 31, December 31, 2024 2023 and per share data) 2024 2024 2024 2024 2023 Stockholders' equity $ 890,467 $ 902,888 $734,342 $738,085 $ 736,068 $890,467 $736,068 (17) Les
Slide 36: Reconciliation footnotes
improvements and $0.6 million of right-of-use, or ROU asset impairment, associated with the closure of a branch in Miami, Florida in 2023. Also, in the year ended December 31, 2023, includes $0.5 million of ROU asset impairment associated with the closure of a branch in Houston, Texas in 2023. (10)
Slide 37: Thank You
Thank You NYSE: AMTB amerantbank.com
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