Amerant Bancorp Inc. · NYSE:AMTB
Amerant Bancorp — Q2 2025 Earnings Presentation
40 slides from Amerant Bancorp's earnings presentation, Jul 24, 2025
Slide 1: Second Quarter Earnings Presentation
Second Quarter Earnings Presentation July 24, 2025
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
Slide 3: 2Q25 vs. 1Q25 Highlights: Balance Sheet
2Q25 vs. 1Q25 Highlights Balance Sheet • Total assets were $10.3 billion, up by $165.0 million, compared to $10.2 billion • Cash and cash and equivalents were $636.8 million, down by $11.5 million, compared to $648.4 million • Total investment securities were $2.0 billion, up by $209.2 million, comp
Slide 4: 2Q25 vs. 1Q25 Highlights: Income Statement
2Q25 vs. 1Q25 Highlights Income Statement • Net income attributable to the Company was $23.0 million, up by $11.0 million, compared to $12.0 million • Diluted earnings per share was $0.55, compared to $0.28 • Net Interest Margin ("NIM") was 3.81%, compared to 3.75% • Net Interest Income (“NII”) was
Slide 5: 2Q25 vs. 1Q25 Highlights: Capital
2Q25 vs. 1Q25 Highlights Capital • Total Capital Ratio was 13.49% compared to 13.45% • CET 1 was 11.25% compared to 11.11% • Tier 1 Capital Ratio was 11.97% compared to 11.84% • TCE Ratio(1) (2) was 8.73% compared to 8.69% • Tangible book value per common share was $21.56, compared to $21.03 • Paid
Slide 6: 2Q25 vs. 1Q25 Highlights: Other Metrics
2Q25 vs. 1Q25 Highlights Other Metrics • Efficiency ratio was 67.48%, compared to 67.87% • Return on Assets ("ROA") was 0.90%, compared to 0.48% • Return on Equity ("ROE") was 10.06%, compared to 5.32% Non-routine Items 2Q25 1Q25 Non-interest Expense $1.2 million $0.5 million Non-interest Income $(0
Slide 7: Asset Quality
Asset Quality
Slide 8: Classified Loans
Classified Loans ($ in millions) $206.1 $215.4 $60.4 $(10.3) $(1.2) $(0.1) $(18.6) $(20.9) 1Q25 Downgrades to Charge-offs Payoffs/Paydowns Loans Sold Transfer to Upgrades 2Q25 Classified OREO • Classified loans of $215.4 million include 9 loans totaling $134.4 million that remain in accruing status
Slide 9: Non-Performing Loans (NPLs)
Non-Performing Loans (NPLs) ($ in millions) $123.2 $82.5 $9.8 $(1.2) $(18.6) $(10.3) $(20.4) 1Q25 Downgrades to Charge-offs Paydown/Payoffs Loans Sold Transfer to OREO 2Q25 NPLs • Significant improvement in NPL mainly driven by combination of payoffs, loans sold, pay downs and charge-offs – Charge-o
Slide 10: Special Mention Loans
Special Mention Loans ($ in millions) $132.8 $99.7 $92.9 $(22.4) $(37.4) 1Q25 Downgrades to Special Downgrades to Classified Payoffs/Paydowns 2Q25 Mention 7 loans totaling $92.9 million downgraded to special mention, primarily due to: – 3 CRE loans totaling $35.6 million that missed certain mileston
Slide 11: Allowance for Credit Losses (ACL)
Allowance for Credit Losses (ACL) ($ in millions) $98.3 $86.5 $3.3 $2.7 $2.2 $(1.4) $(18.6) 1Q25 Gross Charge-offs Recoveries Requirement for Credit Quality and and Loan Growth 2Q25 Charge-offs Macroeconomic Factor Updates The net decrease in ACL was the result of charge-offs and loan portfolio decr
Slide 12: 3Q25 Outlook
3Q25 Outlook • Projected organic deposit growth by year end of approximately 14% - 15% annualized • Brokered deposits projected to decline by at least $100 million; to be replaced by FHLB advances or incremental organic deposit growth • Projected loan growth by year end of approximately 5% annualize
Slide 13: Other Updates before Q&A
Other Updates before Q&A • Amerant Mortgage progress • Status on the opening of new banking centers • New people to the team in risk and business development • Loan strategy going forward • Continued emphasis on improving asset quality / reducing non-performing assets • Prudent capital management /
Slide 14: Supplemental Information
Supplemental Information
Slide 15: Investment Portfolio
Investment Portfolio Expected Prepayments & Maturities Balances and Yields (1) ($ in millions) ($ in millions) $75.0 2,000 $2.5 $2.5 $2.5 $120.2 $52.9 $49.9 1,500 $43.8 $47.0 $50.0 $219.6 1,000 4.94% 4.88% 500 4.31% 4.96% 5.31% 5.41% 5.48% $25.0 $1,269.4 $1,702.1 $1,788.7 0 2Q24 1Q25 2Q25 $0.0 AFS H
Slide 16: Loan Portfolio Highlights
Loan Portfolio Highlights Loan Composition (1) Geographic GeographicMix (1) Mix(Domestic) 4.2% 3.8% 3.8% 3.4% 3.5% 1.6% 1.5% 1.6% 1.6% 1.7% 4.2% 4.7% 4.0% 3.8% 3.8% 3.0% 3.0% 3.0% 3.0% 21.7% 21.4% 21.3% 21.6% 21.5% 2.9% 11.6% 10.5% 16.4% 16.2% 13.9% 13.7% 13.7% 7.08% 7.08% 7.00% 6.84% 6.88% 24.0% 91
Slide 17: Loans Held for Investment Portfolio by Industry
Loans Held for Investment Portfolio by Industry June 30, 2025 Non-Real Highlights ($ in millions) Real Estate Estate Total % Total Loans Financial Sector (1) $ 10 $ 428 $ 438 6.1 % • Diversified portfolio - highest Construction and Real Estate & Leasing: sector concentration, other than Commercial r
Slide 18: CRE Loans Held For Investment - Detail
CRE Loans Held For Investment - Detail Outstanding as of June 30, 2025 ($ in millions) Land and CRE Type FL TX NY Other Total % Total CRE % Total Loans (1) Income Producing (2) Construction Retail $ 574 $ 18 $ 83 $ 25 $ 700 26.1 % 9.7 % $ 689 $ 11 Multifamily 345 $ 47 $ 80 $ (1) $ 471 17.5 % 6.6 % $
Slide 19: CRE Retail - Detail
CRE Retail - Detail As of June 30, 2025 Retail - LTV (2) CRE Retail (1) CRE Retail - Single Tenant (1) Freestanding; 0.5%Fashion/Specialty Center; 0.6% Flex Property; 0.6% 60% Food and Health Retail; 11% Regional Center; 2.0% Neighborhood Center; 37.2% 50% Retail Storefront; 6.8% Restaurant; 11% 40%
Slide 20: CRE Office - Detail
CRE Office - Detail As of June 30, 2025 CRE Office (1) Office - LTV (2) Texas; 8% 60% New York; 9% 50% 41% Other ; 19.0% 40% 35% 30% 20% 15% 9% Florida; 64% 10% —% 0% 50% or 51-60% 61-70% 71-80% 81% or less more Total: $460 million Weighted Average LTV: 61% Loan Portfolio Percentage: 6.4% CRE office
Slide 21: Credit Quality
Credit Quality Allowance for Credit Losses NPLs/ Total Loans and NPAs / Total Assets 1.71% ($ in millions) 1.52% 1.38% 1.43% $98.3 1.15% $94.4 $85.0 $86.5 $79.9 1.24% 1.25% 1.23% 1.38% 0.95% 1.41% 1.15% 1.18% 1.37% 1.20% 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 Allowance for Credit Losses A
Slide 22: Well Diversified and Stable Deposit Mix
Well Diversified and Stable Deposit Mix Deposit Composition Mix by Country of Domicile ($ in millions) Domestic Deposits 69% of Total Deposits ($ in millions) Approx. avg. acct balance: $110,000 (2) 9,000 8,155 8,307 8,111 7,816 7,855 8,000 $1,706 5,000 $1,482 $1,653 $1,465 $1,505 7,000 $5,430 $5,27
Slide 23: New Branch Performance
New Branch Performance Actual Balances as of June 30, 2025 ($ in millions) Total deposit and loan balances reflect Retail and Business Banking, Private Banking and International Banking accounts booked. 23
Slide 24: Net Interest Income and NIM
Net Interest Income and NIM 24 NII and NIM (%) ($ in millions) 90 80 $87.6 $90.5 $85.9 $79.4 $81.0 70 60 50 3.81% 3.75% 3.75% 40 3.56% 3.49% 30 20 10 0 2Q24 3Q24 4Q24 1Q25 2Q25 Net Interest Income NIM Interest-Bearing Deposits Beta Evolution (1) Cost of Funds 0.46 0.51 0.60 2Q24 3Q24 4Q24 1Q25 2Q25
Slide 25: Interest Rate Sensitivity
Interest Rate Sensitivity 25 Impact on NII from Interest Rate Change (1)(2) Impact on AFS from Interest Rate Change (1) As of June 30, 2025 Expected AOCL Improvement 6.2% 7.3% 5.5% 6.2% — 480 0% 3.9% (8.9)% (4.5)% (0.8)% 2.1% 0% (2.3)% (4.8)% (10.4)% ($ in Millions) ($ in Millions) 240 1,898 1,856 1
Slide 26: Non-Interest Income Mix
Non-Interest Income Mix $(0.2) Non-Interest Income Mix Assets Under Management and Custody ($ in millions) $23.6 $1.4 $0.7 $19.8 25 $19.4 $0.2 $19.5 2Q24 2Q25 $3.5 $19.6 $1.5 $3.2 $2.4 $7.2 $8.1 $6.7 $7.8 $1.7 $4.5 $4.7 $5.3 $4.5 $4.7 $5.1 $5.0 17% 0 $(0.1) $5.0 $5.4 $5.0 28% $-8.2 ($1.9) $(68.5) $2
Slide 27: Non-Interest Expense
Non-Interest Expense Non-Interest Expense Mix Non-routine Noninterest Expenses ($ in millions, except for FTEs) ($ in millions) 100 15.1 83.4 15 76.2 74.4 73.3 71.6 75 10 $48.1 $12.6 $39.4 $41.2 $38.4 50 $38.3 5.6 5.7 5 $3.4 $33.9 $35.0 $35.3 $36.0 $33.3 1.2 25 $1.3 $2.5 0.5 $0.8 $0.9 $0.4 0 735 726
Slide 28: EPS Trend
EPS Trend Change in Diluted Earnings Per Common Share $0.60 $0.55 $0.40 $0.28 $0.29 $0.20 $0.04 0.02 $— $(0.08) $(0.20) (1) 1Q25 PPNR Income Tax Expense Repurchase of Provision for Credit 2Q25 Common Stock and Losses Other (1) Non-GAAP Financial Measure. See Appendix 1 for a reconciliation to GAAP.
Slide 29: New Branch Opening Schedule
New Branch Opening Schedule 3Q 2025: – Miami Beach 4Q 2025: – Downtown Tampa – Bay Harbor Islands – Key Biscayne Space Expansion 2Q 2026: – Central Ave St. Petersburg 29
Slide 30: Appendices
Appendices
Slide 31: Non-GAAP Financial Measures Reconciliations
Appendix 1 Non-GAAP Financial Measures Reconciliations The following table sets forth selected financial information derived from the Company’s interim unaudited and annual audited consolidated financial statements, adjusted for the effect of non-core banking activities such as the sale of loans and
Slide 32: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) Three Months Ended, ($ in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Total noninterest expense $ 74,400 $ 71,554 $ 83,386 $ 76,208 $ 73,302 Less: non-routine noninterest expense items Non-
Slide 33: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) Three Months Ended, ($ in thousands, except percentages and per share data) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Net income (loss) attributable to Amerant Bancorp Inc. $ 23,002 $ 11,958 $ 16,88
Slide 34: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) Three Months Ended, ($ in thousands, except percentages and per share data) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Net income (loss)/ Average stockholders' equity (ROE) 10.06 % 5.32 % 7.38 % (24.
Slide 35: Non-GAAP Financial Measures Reconciliations (cont'd)
Appendix 1 Non-GAAP Financial Measures Reconciliations (cont'd) Three Months Ended, ($ in thousands, except percentages and per share data) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Tangible common stockholders' equity $ 900,270 $ 882,128 $ 866,153 $ 878,522 $ 7
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 7 in Exhibit 1 - Selected Financial Information of Earnings Press Release for more details. (2) In the three and six months ended June
Slide 37: Income Statement Highlights - 2Q25 vs 1Q25
Income Statement Highlights - 2Q25 vs 1Q25 ($ in thousands) 2Q25 1Q25 Change Total Interest Income Loans $ 122,166 $ 121,021 $ 1,145 Investment securities 23,212 18,919 4,293 Interest earning deposits with banks and other interest income 5,717 6,468 (751) Total Interest Expense — Interest bearing de
Slide 38: Glossary
Glossary 38 • ACL - Allowance for Credit Losses • MV - Market Value • AFS - Available for Sale • NPL - Non-Performing Loans • AOCL - Accumulated Other Comprehensive Loss • NPA - Non-Performing Assets • CET 1 - Common Equity Tier 1 capital ratio • NIB - Noninterest Bearing • CRE - Commercial Real Est
Slide 39: Glossary (cont'd)
Glossary (cont'd) 39 • Core deposits: consist of total deposits excluding all time deposits • Total gross loans: includes loans held for investment carried at amortized cost, loans held for sale carried at fair value, and loans held for sale carried at the lower of estimated fair value or cost • Cos
Slide 40: AMERANT BANK Imagine tomorrow.
AMERANT BANK Imagine tomorrow.