Amerant Bancorp Inc. · NYSE:AMTB
Amerant Bancorp — Q2 2026 Earnings Presentation
33 slides from Amerant Bancorp's earnings presentation, Jul 24, 2026
Slide 1: Second Quarter Earnings Presentation
Second Quarter Earnings Presentation July 24, 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
Slide 3: Opening Remarks
Opening Remarks We are executing our Strategic Plan with conviction and momentum, stabilizing the business, optimizing our credit portfolio, and growing sustainably to deliver lasting shareholder value Completed credit policy Additional cost saving Improved coordination Focused on loan growth to rev
Slide 4: Key Financial Metrics (2Q26 vs 1Q26)
Key Financial Metrics (2Q26 vs 1Q26) Assets • Total assets were $10.3 billion, compared to $9.9 billion • Cash and cash equivalents were $301.1 million, compared to $188.7 million • Total investment securities were $2.6 billion, compared to $2.4 billion • Total gross loans were $6.9 billion, compare
Slide 5: Key Financial Metrics (2Q26 vs 1Q26)
Key Financial Metrics (2Q26 vs 1Q26) Income Statement • Net Interest Income (“NII”) was $82.6 million, compared to $80.3 million • Provision for credit losses was $4.8 million, compared to $7.8 million • Noninterest income was $18.2 million, compared to $17.4 million • Noninterest expense was $68.9
Slide 6: Key Financial Metrics (2Q26 vs 1Q26)
Key Financial Metrics (2Q26 vs 1Q26) Capital • Total Capital Ratio was 14.34%, compared to 14.16% • Common Equity Tier 1 was 11.94%, compared to 11.84% • Tangible Common Equity Ratio (1) (2) was 8.69%, compared to 9.02% Capital Management Actions • Paid quarterly cash dividend of $0.09 per common sh
Slide 7: Well Diversified Deposit & Loan Mix
Well Diversified Deposit & Loan Mix Deposit Composition Loan Composition (2) ($ in millions) ($ in millions) $8,307 $8,301 $8,355 $7,189 $7,787 $7,939 $6,942 $6,866 $1,706 $1,769 $1,708 $248 $6,697 $6,753 $243 $210 $1,573 $1,467 $245 $225 $1,546 $1,551 $498 $1,518 $1,681 $1,954 $644 $550 $548 $436 $
Slide 8: Net Interest Income and NIM
Net Interest Income and NIM 8 NII and NIM (%) ($ in millions) 90 $94.2 80 $90.5 $90.2 $80.3 $82.6 70 60 3.92% 50 3.81% 3.78% 40 3.55% 3.52% 30 20 10 0 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income NIM Interest-Bearing Deposits Beta Evolution (1) Cost of Funds 0.53 0.40 0.48 0.60 2Q25 3Q25 4Q25 1Q26 2
Slide 9: Non-Performing Loans
Non-Performing Loans Highlights NPAs were $186.6 million, which includes $171.1 million in NPLs and $15.5 million in OREO. As of 2Q26, the NPLs had the following composition: • $66.5 million had real estate collateral with a weighted avg. LTV of 63% • $66.7 million were cashflow-dependent loans • $1
Slide 10: Classified Loans
Classified Loans Highlights As of 2Q26 the Classified loans had the following composition: • $152.0 million had real estate collateral with a weighted avg. LTV of 60% • $85.2 million were cash flow-dependent loans • $12.4 million were secured with other non-real estate collateral types • The remaini
Slide 11: Special Mention Loans
Special Mention Loans Highlights As of 2Q26 the Special Mention loans had the following composition: • $108.1 million had real estate collateral with a weighted avg. LTV of 63% • The remaining loans were smaller commercial loans ($ in millions) $148.2 $109.8 $20.0 $(1.6) $(25.9) $(30.9) 1Q26 Downgra
Slide 12: NCOs and Allowance for Credit Losses
NCOs and Allowance for Credit Losses ACL Roll-forward Allowance for Credit Losses ($ in millions) $85.5 $79.2 Balance Balance Portfolios Reserve Build (1) 1Q26 2Q26 ($ in thousands) $4.1 $0.8 $2.2 $1.9 $2.8 Real Estate $ 22,705 $ 1,730 $ 24,435 $(5.5) Commercial $ 34,295 $ 3,564 $ 37,859 1Q26 Gross
Slide 13: Outlook
Outlook • Total Loans projected to reach approximately $7.3 billion by 4Q26 • Total deposits projected to reach approximately $9.1 billion by 4Q26, primarily driven by low-cost International deposit growth • Net interest margin projected to be approximately 3.50% for the remainder of the year • Proj
Slide 14: Path to 1% ROA
Path to 1% ROA ~ 1.00% 0.84% ~ 0.18% ~ 0.08% ~ 0.03% < 0.04% ~ 0.07% 2Q26 Net Interest Operating Expense Other Income Tax Expense Provision for 4Q26 Income Reduction Credit Losses 14
Slide 15: Closing Remarks
Closing Remarks For the second half of the year, our priorities remain clear and firmly aligned with our strategic plan: • Driving disciplined, sustainable loan growth that supports our financial objectives and reflects our risk appetite • Continuing to advance credit quality by: ◦ Embedding a stron
Slide 16: Supplemental Information
Supplemental Information
Slide 17: Investment Portfolio
Investment Portfolio Expected Prepayments & Maturities Balances and Yields (1) ($ in millions) ($ in millions) $2.5 $2.5 $266.1 $300.0 2,000 $2.5 $120.2 $200.0 4.88% 4.76% 4.84% $71.5 $78.1 $100.0 $1,789 $2,370 $2,549 $60.6 4.32% 0 4.91% 4.93% 2Q25 1Q26 2Q26 4.82% $0.0 AFS Trading Marketable Equity
Slide 18: Loan Portfolio Geographic Mix
Loan Portfolio Geographic Mix Geographic Mix (1)Geographic Mix (Domestic) 1.7% 1.8% 2.0% 2.1% 2.1% 3.8% 4.0% 4.2% 5.4% 5.4% 3.0% 2.7% 2.8% 2.7% 2.6% 91.5% 91.5% 91.0% 89.8% 89.9% 2Q25 3Q25 4Q25 1Q26 2Q26 South Florida New York Tampa Other (2) (1) 2Q26, 1Q26 and 4Q25 includes both mortgage loans held
Slide 19: Loans Held for Investment Portfolio by Industry
Loans Held for Investment Portfolio by Industry June 30, 2026 ($ in millions) Real Estate Non-Real Estate Total % Total Loans Highlights Financial Sector (1) $ 14 $ 275 $ 289 4.3 % Construction and Real Estate & Leasing: • Diversified portfolio - highest Commercial real estate loans 2,273 — 2,273 33
Slide 20: Total CRE Loans - Detail
Total CRE Loans - Detail Outstanding as of June 30, 2026 ($ in millions) Loans Held for Investment CRE Type FL TX NY Other Total % Total CRE % Total Loans Income Land and (1) Producing (2) Construction Retail $ 514 $ 10 $ 60 $ 26 $ 610 26.8 % 9.0 % $ 610 $ — Multifamily 296 58 44 62 460 20.2 % 6.9 %
Slide 21: CRE Retail - Detail
CRE Retail - Detail As of June 30, 2026 Retail - LTV (2) CRE Retail (1) CRE Retail - Single Tenant (1) Others; 1.0% Regional Center; 2.0% 60% Retail Storefront; 2.0% Neighborhood Center; 32.0% Single Tenant; 5.0% 50% Theme/Festival Auto; 26% 40% Center; 5.0% 32% 30% 26% Sporting & 22% 20% Recreation
Slide 22: CRE Office - Detail
CRE Office - Detail As of June 30, 2026 CRE Office (1) Office - LTV (2) Texas; 14% 60% New York; 4% 49% 50% Other; 16.0% 40% 30% 27% 20% 16% 10% 8% Florida; 66% —% 0% 50% or 51-60% 61-70% 71-80% 81% or less more Total: $445 million Weighted Average LTV: 60% Loan Portfolio Percentage: 6.6% CRE office
Slide 23: Domestic and International Deposit Details
Domestic and International Deposit Details ($ in millions) $8,355 $7,895 $7,854 $7,787 $3,222 $2,465 $2,576 $2,619 $5,430 $5,278 $5,168 $5,133 2023 2024 2025 2Q26 Domestic Deposits International Deposits 61% of Total Deposits 39% of Total Deposits Avg. account balance (1): Avg. account balance(1): $
Slide 24: Interest Rate Sensitivity
Interest Rate Sensitivity 24 Impact on NII from Interest Rate Change (1)(2) Impact on AFS from Interest Rate Change (1) As of June 30, 2026 Expected pre-tax AOCL 2.3% 5.7% 3.9% 0% 1.2% 1.9% 2.2% 0% (2.4)% Improvement 400 (0.8)% (4.9)% (1.7)% (10.2)% — (3.2)% ($ in Millions) ($ in Millions) (16,966)
Slide 25: Noninterest Income Mix
Noninterest Income Mix $(0.2) Noninterest Income Mix Assets Under Management and Custody ($ in millions) 30 2Q25 2Q26 $19.8 $22.0 19% 20 $3.2 $17.3 $1.4 $17.4 $18.2 28% $2.4 $1.2 $8.4 $1.5 $6.7 $5.0 $5.0 $5.6 $3.1B $3.4B $1.7 $1.2 $2.1 $0.5 $0.4 10 $5.6 $5.0 $5.3 $5.0 $5.5 72% $5.1 $4.9 $5.4 81% $5.
Slide 26: Noninterest Expense
Noninterest Expense Noninterest Expense Mix ($ in millions, except for FTEs) 120 $106.8 90 $83.4 $77.8 $74.4 $71.6 68.9 $68.0 66.9 60 $48.1 $38.4 $42.7 $38.3 $33.5 $34.9 $38.8 30 $35.3 $36.0 $35.1 $35.4 $33.3 $32.0 726 698 704 694 699 704 692 0 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Salaries and employe
Slide 27: EPS Trend
EPS Trend Change in Diluted Earnings Per Common Share $0.60 $0.53 $0.50 $0.44 $0.40 $0.30 $0.20 $0.10 $0.01 $0.07 $— $0.03 $(0.02) $(0.10) 1Q26 PPNR (1) Income Tax Expense Impact of Repurchases Provision for Credit 2Q26 Losses (1) Non-GAAP Financial Measure. See Appendix 1 for a reconciliation to GA
Slide 28: Appendices
Appendices
Slide 29: Non-GAAP Financial Measures Reconciliations
Appendix 1 Non-GAAP Financial Measures Reconciliations The following table sets forth selected financial information derived from the Company’s interim unaudited and annual audited consolidated financial statements, adjusted for certain items, including the provision for credit losses, income taxes
Slide 30: Income Statement Highlights - 2Q26 vs 1Q26
Income Statement Highlights - 2Q26 vs 1Q26 ($ in thousands) 2Q26 1Q26 Change Total Interest Income Loans $ 103,449 $ 102,674 $ 775 Investment securities 29,212 27,682 1,530 Interest earning deposits with banks and other interest income 3,000 2,661 339 Total Interest Expense Interest bearing demand,
Slide 31: Glossary
Glossary 31 • ACL - Allowance for Credit Losses • MBS - Mortgage-Backed Security • AFS - Available for Sale • MV - Market Value • AOCL - Accumulated Other Comprehensive Loss • NCO - Net Charge-Offs • AUM - Assets Under Management • NII - Net Interest Income • CET1 - Common Equity Tier 1 capital rati
Slide 32: Glossary (cont'd)
Glossary (cont'd) 32 • 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 33: AMERANT BANK Imagine tomorrow.
AMERANT BANK Imagine tomorrow.