Amerant Bancorp Inc. · NYSE:AMTB
Amerant Bancorp — Q4 2025 Earnings Presentation
40 slides from Amerant Bancorp's earnings presentation, Jan 23, 2026
Slide 1: Fourth Quarter 2025 Earnings Presentation
Fourth Quarter 2025 Earnings Presentation January 23, 2026
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers 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 i
Slide 3: Opening Remarks
Opening Remarks Amerant's Strategic Direction Remains Clear: Board of Directors approved the updated 3-year Strategic Plan; a plan built on a disciplined, phased roadmap to stabilize, optimize and create a path to sustainable growth Our People are at the Center of Our Success: We believe Human Capit
Slide 4: Key Financial Metrics (4Q25 vs 3Q25)
Key Financial Metrics (4Q25 vs 3Q25) Assets • Total assets were $9.8 billion, compared to $10.4 billion • Cash and cash and equivalents were $470.2 million, compared to $630.9 million • Total investments were at $2.1 billion, compared to $2.3 billion • Total gross loans were $6.7 billion, compared t
Slide 5: Key Financial Metrics (4Q25 vs 3Q25)
Key Financial Metrics (4Q25 vs 3Q25) Income Statement • Net Interest Income (“NII”) was $90.2 million, compared to $94.2 million • Provision for credit losses was $3.5 million, compared to $14.6 million • Noninterest income was $22.0 million, compared to $17.3 million • Noninterest expense was $106.
Slide 6: Key Financial Metrics (4Q25 vs 3Q25)
Key Financial Metrics (4Q25 vs 3Q25) Non-GAAP Metrics (1) • Core noninterest income was $16.7 million, compared to $17.5 million • Core noninterest expense was $77.6 million, compared to $75.9 million • Pre-provision net revenue ("PPNR") was $5.4 million, compared to $33.6 million • Core PPNR was $2
Slide 7: Key Financial Metrics (4Q25 vs 3Q25)
Key Financial Metrics (4Q25 vs 3Q25) Capital • Total Capital Ratio was 14.10%, compared to 13.90% • Common Equity Tier 1 was 11.80%, compared to 11.54% • Tangible Common Equity Ratio (1) (2) was 9.39%, compared to 8.87% Capital Management Actions • Paid quarterly cash dividend of $0.09 per common sh
Slide 8: Well Diversified Deposit & Loan Mix
Well Diversified Deposit & Loan Mix Deposit Composition Loan Composition (2) ($ in millions) ($ in millions) $8,155 $8,307 $8,301 $7,271 $7,219 $7,189 $7,855 $7,787 $6,942 $1,706 $1,769 $273 $248 $248 $6,697 $1,653 $1,505 $243 $1,573 $245 $1,560 $1,563 $1,546 $1,551 $644 $550 $1,518 $695 $702 $436 $
Slide 9: Net Interest Income and NIM
Net Interest Income and NIM 9 NII and NIM (%) ($ in millions) 100 $90.5 $94.2 $87.6 $90.2 $85.9 3.92% 50 3.75% 3.75% 3.81% 3.78% 0 4Q24 1Q25 2Q25 3Q25 4Q25 Net Interest Income NIM Interest-Bearing Deposits Beta Evolution (1) Cost of Funds 1.00 4Q24 1Q25 2Q25 3Q25 4Q25 0.51 0.48 Cost of Deposits (Dom
Slide 10: Asset Quality
Asset Quality AMERANT" | 10
Slide 11: Non-Performing Assets
Non-Performing Assets Non-Performing Assets Non-Performing Loans Composition ($ in millions except for %) ($ in millions) $15.5 $9.2 $17.5 $15.6 $0.7 $85.1 $86.1 $18.1 $66.7 $15.4 $0.7 $68.5 $171.4 $29.5 $123.2 $124.3 $52.3 $104.1 $15.3 $82.5 $26.1 1.23% 1.34% $8.8 $24.0 $22.2 0.95% 1.91% 1.38% $21.
Slide 12: Non-Performing Loans
Non-Performing Loans Highlights As of 4Q25 the NPLs had the following composition: • $78.3 million had real estate collateral with a weighted avg. LTV of 77% (Out of this portfolio, $16.2 million was classified as held-for-sale) • $39.5 million were non-RE secured loans evaluated under enterprise va
Slide 13: Classified Loans
Classified Loans Highlights As of 4Q25 the Classified loans had the following composition: • $218.8 million had real estate collateral with a weighted avg. LTV of 69% (Out of this portfolio, $80.9 million were classified as held-for-sale) • $58.1 million were non-RE secured loans evaluated under ent
Slide 14: Special Mention Loans
Special Mention Loans Highlights As of 4Q25 the Special Mention loans had the following composition: • $97.5 million had real estate collateral with a weighted avg. LTV of 62% • $34.9 million were cashflow-dependent loans • $4.1 million were ABL monitored loans ($ in millions) $224.3 $136.5 $60.5 $(
Slide 15: NCOs and Allowance for Credit Losses
NCOs and Allowance for Credit Losses ACL Roll-forward Allowance for Credit Losses ($ in millions) Balance Reserve Build Balance $94.9 Portfolios 3Q25 (Release) 4Q25 $79.3 ($ in thousands) $11.1 Real Estate $ 24,384 $ (1,267) $ 23,117 $7.9 $0.8 $(2.3) $(3.6) Commercial $ 48,458 $ (14,105) $ 34,353 $(
Slide 16: 1Q26 and Full-Year 2026 Outlook
1Q26 and Full-Year 2026 Outlook • Loan balances as of 1Q26 projected at similar levels as 4Q25 as exits of credits would offset loan production. Annualized growth estimated between 7 to 9% with the higher end driven by funding of existing lines • Projected deposit growth expected to match loan growt
Slide 17: Closing Remarks
Closing Remarks Looking ahead, our operating focus is firmly aligned with the following priorities: • Advancing a high-quality loan pipeline supported by disciplined underwriting • Strengthening asset quality through a disciplined, relationship-driven credit culture and strong monitoring processes •
Slide 18: Supplemental Information
Supplemental Information
Slide 19: Investment Portfolio
Investment Portfolio Balances and Yields (1) Expected Prepayments & Maturities ($ in millions) $2.5 $150.0 $2.5 ($ in millions) $2.5 $120 1,500 $102.9 $89.4 $100.0 $76.1 1,000 4.73% 4.89% 4.92% $63.2 $50.0 4.94% 500 4.89% 4.94% 4.94% $1,437 $2,122 $2,025 0 $— 4Q24 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 AFS T
Slide 20: Loan Portfolio Geographic Mix
Loan Portfolio Geographic Mix Geographic Mix (1)Geographic Mix (Domestic) 1.6% 1.6% 1.7% 1.8% 2.0% 4.0% 3.8% 3.8% 4.0% 4.2% 3.0% 3.0% 3.0% 2.7% 2.8% 91.5% 91.5% 91.5% 91.5% 91.1% 4Q24 1Q25 2Q25 3Q25 4Q25 South Florida New York Tampa Other (2) (1) 4Q25 and 1Q25 includes both mortgage loans held for s
Slide 21: Loans Held for Investment Portfolio by Industry
Loans Held for Investment Portfolio by Industry December 31, 2025 Non-Real Highlights ($ in millions) Real Estate Estate Total % Total Loans Financial Sector (1) $ 10 $ 369 $ 379 5.7 % • Diversified portfolio - highest Construction and Real Estate & Leasing: sector concentration, other than Commerci
Slide 22: CRE Loans Held For Investment - Detail
CRE Loans Held For Investment - Detail Outstanding as of December 31, 2025 ($ in millions) Land and CRE Type FL TX NY Other Total % Total CRE % Total Loans (1) Income Producing (2) Construction Retail $ 513 $ 10 $ 81 $ 26 $ 630 25.7 % 9.5 % $ 618 $ 12 Multifamily 322 39 68 44 472 19.2 % 7.1 % 322 15
Slide 23: CRE Retail - Detail
CRE Retail - Detail As of December 31, 2025 CRE Retail (1) CRE Retail - Single Tenant (1) Retail - LTV Neighborhood Center; 35% Sporting and Theme/Festival Groceries; 9.0% Recreational Goods; 35.0% Center and Others; 9% 60% Healthcare; 9.0% 50% Single Tenant; 6% 40% 28% 30% Pharma; 9.0% 30% 27% Reta
Slide 24: CRE Office - Detail
CRE Office - Detail As of December 31, 2025 CRE Office (1) Office - LTV North FL; 6.0% 60% New York; 9% Texas; 13% 50% 47% 40% Other US; 15.0% 30% 30% 20% 15% 10% 8% South East FL; 57% —% 0% 50% or 51-60% 61-70% 71-80% 81% or less more Total: $454 million Loan Portfolio Percentage: 6.9% Highlights •
Slide 25: Domestic and International Deposit Details
Domestic and International Deposit Details ($ in millions) $7,895 $7,854 $7,787 $7,044 $2,465 $2,576 $2,619 $2,423 $5,430 $5,278 $5,168 $4,621 2022 2023 2024 2025 Domestic Deposits International Deposits 66% of Total Deposits 34% of Total Deposits Avg. account balance (1): Avg. account balance(1): $
Slide 26: New Branch Performance
New Branch Performance Actual balances as of December 31, 2025 ($ in millions) As of September 30, 2025 As of December 31, 2025 Banking Center Opening Date Total Deposits Total Loans Total Deposits Total Loans Key Biscayne 6/26/2023 $101 $15 $100 $15 W. Kennedy Tampa 2/1/2024 $38 $8 $61 $10 Las Olas
Slide 27: Interest Rate Sensitivity
Interest Rate Sensitivity 27 Impact on NII from Interest Rate Change (1) Impact on AFS from Interest Rate Change (1) As of December 31, 2025 Expected pre-tax AOCL 7.3% 9.2% 2,124 2,089 2,064 2,025 1,978 10,000 Improvement 3.5% 1,927 1,819 0% 4.9% -2.2% 9,050 -4.7% 3.2% ($ in Millions) 1.9% 0% ($ in
Slide 28: Non-Interest Income Mix
Non-Interest Income Mix Non-Interest Income Mix Assets Under Management and Custody ($ in millions) 40 $23.6 4Q24 4Q25 30 $1.4 $0.7 $19.8 $22.0 $19.5 $17.3 $1.4 20 $19.6 $1.5 $3.2 $2.4 26% 27% $8.4 $6.7 $8.1 $5.0 10 $4.7 $4.7 $1.7 $5.0 $1.2 $5.0 $2.1 $5.3 $2.9B $3.3B $5.4 $5.1 $5.0 $5.1 $4.9 0 $(1.9
Slide 29: Non-Interest Expense
Non-Interest Expense Non-Interest Expense Mix Non-core Noninterest Expenses ($ in millions, except for FTEs) ($ in millions) 40 120 $106.8 30 $29.2 90 $83.4 $3.8 $77.8 $74.4 $71.6 $68.0 $7.5 20 60 $48.1 $38.4 $42.7 $38.3 $15.1 $12.6 $38.8 10 $14.8 30 $35.3 $36.0 $35.1 $33.3 726 698 704 $2.0 692 694
Slide 30: EPS Trend
EPS Trend Change in Diluted Earnings Per Common Share $0.50 $0.35 $0.26 $0.25 $0.12 $0.07 $0.01 $— $(0.25) $(0.15) $(0.50) $(0.52) $(0.75) 3Q25 Core PPNR (1) Net non-core Income Tax Impact of Provision for 4Q25 items Benefit Repurchases Credit Losses and Other (1) Non-GAAP Financial Measure. See App
Slide 31: Appendices
Appendices
Slide 32: Non-GAAP Financial Measures Reconciliations
Appendix 1 Non-GAAP Financial Measures Reconciliations The following table sets forth selected financial information derived from the Company’s interim unaudited and annual audited consolidated financial statements, adjusted for certain costs incurred by the Company in the periods presented related
Slide 33: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) Three Months Ended Years Ended December 31, ($ in thousands) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 2025 2024 Total noninterest expenses $ 106,772 $ 77,835 $ 74,400 $ 71,554 $ 83,386 $ 330,56
Slide 34: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) Three Months Ended, Years Ended December 31, December 31, September 30, June 30, March 31, December 31, ($ in thousands, except percentages and per share data) 2025 2025 2025 2025 2024 2025 2024 Net income (loss) attributable to Amerant
Slide 35: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) Three Months Ended, Years Ended December 31, ($ in thousands, except percentages and per share data) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 2025 2024 Net income (loss) / Average stockholders'
Slide 36: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) (1) Includes provision for credit losses on loans and provision for loan contingencies. See Footnote 6 in the Exhibit 1 - Selected Financial Information of the Earnings Press Release for more details. (2) Beginning in the fourth quarter
Slide 37: Income Statement Highlights - 3Q25 vs 4Q25
Income Statement Highlights - 3Q25 vs 4Q25 ($ in thousands) 4Q25 3Q25 Change Total Interest Income Loans $ 114,824 $ 121,414 $ (6,590) Investment securities 27,044 26,737 307 Interest earning deposits with banks and other interest income 5,314 4,592 722 Total Interest Expense Interest bearing demand
Slide 38: Glossary
Glossary 38 • ACL - Allowance for Credit Losses • MV - Market Value • AFS - Available for Sale • NCO - Net Charge-Offs • AOCL - Accumulated Other Comprehensive Loss • NPL - Non-Performing Loans • AUM - Assets Under Management • NPA - Non-Performing Assets • CET 1 - Common Equity Tier 1 capital ratio
Slide 39: Glossary (cont'd)
Glossary (cont'd) 39 • Assets under management and custody: consists of assets held for clients in an agency or fiduciary capacity which are not assets of the Company and therefore are not included in the consolidated financial statements. • Core deposits: consist of total deposits excluding all tim
Slide 40: AMERANT BANK Imagine tomorrow.
AMERANT BANK Imagine tomorrow.