Slide 1: First Quarter Earnings Presentation
First Quarter Earnings Presentation April 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 • Executing Strategic Plan: Our three priorities of stabilizing the business, optimizing our credit portfolio, and growing sustainably remain the same • Enhancing Credit Quality: Improved loan portfolio monitoring and reviewing processes, leading to balanced portfolio actions during
Slide 4: Key Financial Metrics (1Q26 vs 4Q25)
Key Financial Metrics (1Q26 vs 4Q25) Assets • Total assets were $9.9 billion, compared to $9.8 billion • Cash and cash and equivalents were $188.7 million, compared to $470.2 million • Total investment securities were at $2.4 billion, compared to $2.1 billion • Total gross loans were $6.8 billion, c
Slide 5: Key Financial Metrics (1Q26 vs 4Q25)
Key Financial Metrics (1Q26 vs 4Q25) Income Statement • Net Interest Income (“NII”) was $80.3 million, compared to $90.2 million • Provision for credit losses was $7.8 million, compared to $3.5 million • Noninterest income was $17.4 million, compared to $22.0 million • Noninterest expense was $66.9
Slide 6: Key Financial Metrics (1Q26 vs 4Q25)
Key Financial Metrics (1Q26 vs 4Q25) Capital • Total Capital Ratio was 14.16%, compared to 14.10% • Common Equity Tier 1 was 11.84%, compared to 11.80% • Tangible Common Equity Ratio (1) (2) was 9.02%, compared to 9.39% 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) $8,155 $8,307 $8,301 $7,219 $7,189 $7,787 $7,939 $6,942 $1,653 $1,706 $1,769 $248 $248 $6,697 $6,753 $1,467 $243 $1,573 $245 $225 $1,563 $1,546 $1,551 $644 $1,518 $1,681 $695 $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 $85.9 70 $80.3 60 3.92% 50 3.81% 3.75% 3.78% 40 3.55% 30 20 10 0 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income NIM Interest-Bearing Deposits Beta Evolution (1) Cost of Funds 0.48 0.40 0.48 0.60 1Q25 2Q25 3Q25 4Q25 1
Slide 9: Improved Credit Evaluation Processes
Improved Credit Evaluation Processes • Strengthened Portfolio Oversight: Established dedicated Portfolio Management team to enhance monitoring, reporting and escalation; investing in additional training for underwriting and relationship teams to improve accuracy and consistency of risk ratings • Enh
Slide 10: Non-Performing Loans
Non-Performing Loans Highlights NPAs were $191.6 million, which includes $176.1 million in NPLs and $15.5 million in OREO. As of 1Q26 The NPLs had the following composition: • $71.8 million had real estate collateral with a weighted avg. LTV of 73 % • $71.0 million were cashflow-dependent loans • $9
Slide 11: Classified Loans
Classified Loans Highlights As of 1Q26 the Classified loans had the following composition: • $198.8 million had real estate collateral with a weighted avg. LTV of 64% • $84.7 million were cashflow-dependent loans • $10.8 million were ABL monitored loans • $9.4 million were secured with other non-rea
Slide 12: Special Mention Loans
Special Mention Loans Highlights As of 1Q26 the Special Mention loans had the following composition: • $147.2 million had real estate collateral with a weighted avg. LTV of 59% ($59.9 million were classified as held-for-sale) • The remaining loans were smaller commercial loans As of April 22, specia
Slide 13: NCOs and Allowance for Credit Losses
NCOs and Allowance for Credit Losses ACL Roll-forward Allowance for Credit Losses ($ in millions) $79.3 $79.2 Balance Reserve Build Balance Portfolios 4Q25 (Release) (1) 1Q26 ($ in thousands) $1.9 $6.3 $1.7 $1.5 $0.5 Real Estate $ 23,117 $ (412) $ 22,705 $(2.9) $(9.1) Commercial $ 34,353 $ (58) $ 34
Slide 14: 2Q26 Outlook
2Q26 Outlook • Total Loans projected to reach $7 billion as of 2Q26, through organic originations complemented by selective residential loan purchases, to balance credit exits and support shift towards a more granular portfolio. We expect cumulative loan growth around 7% for 2026 • Total deposits pr
Slide 15: Closing Remarks
Closing Remarks Looking ahead, our operating focus is firmly aligned with our strategic plan: • Prioritizing stable and sustainable loan growth to achieve our financial goals • Taking additional steps to improve credit quality: ◦ Strengthening asset quality through a disciplined, relationship-driven
Slide 16: Supplemental Information
Supplemental Information
Slide 17: Investment Portfolio
Investment Portfolio Expected Prepayments & Maturities Balances and Yields (1) ($ in millions) ($ in millions) $100.0 $2.5 $2.5 $83.4 2,000 $2.5 $77.6 $71.1 $64.7 4.94% 4.92% 4.76% $50.0 4.95% 4.98% 4.81% 4.90% $1,702 $2,025 $2,370 0 1Q25 4Q25 1Q26 $0.0 AFS Marketable Equity Securities Yield 2Q26 3Q
Slide 18: Loan Portfolio Geographic Mix
Loan Portfolio Geographic Mix Geographic Mix (1)Geographic Mix (Domestic) 1.6% 1.7% 1.8% 2.0% 2.1% 3.8% 3.8% 4.0% 4.2% 5.4% 3.0% 3.0% 2.7% 2.8% 2.7% 91.5% 91.5% 91.5% 91.1% 89.8% 1Q25 2Q25 3Q25 4Q25 1Q26 South Florida New York Tampa Other (2) (1) 1Q25 includes both mortgage loans held for sale carri
Slide 19: Loans Held for Investment Portfolio by Industry
Loans Held for Investment Portfolio by Industry March 31, 2026 ($ in millions) Real Estate Non-Real Estate Total % Total Loans Highlights Financial Sector (1) $ 10 $ 310 $ 320 4.9 % Construction and Real Estate & Leasing: • Diversified portfolio - highest Commercial real estate loans 2,268 — 2,268 3
Slide 20: CRE Loans Held For Investment - Detail
CRE Loans Held For Investment - Detail Outstanding as of March 31, 2026 ($ in millions) Land and CRE Type FL TX NY Other Total % Total CRE % Total Loans (1) Income Producing (2) Construction Retail $ 462 $ 10 $ 62 $ 26 $ 560 24.7 % 8.5 % $ 562 $ — Multifamily 324 15 45 77 461 20.3 % 7.0 % 261 199 Of
Slide 21: CRE Retail - Detail
CRE Retail - Detail As of March 31, 2026 Retail - LTV (2) CRE Retail (1) CRE Retail - Single Tenant (1) Others; 2.0% Regional Center; 2.0% 60% Retail Storefront; 2.0% Single Tenant; 3.0% Neighborhood Center; 35.0% 50% Healthcare; 21% Theme/Festival 40% Center; 6.0% 28% 30% 30% 24% 18% 20% Community
Slide 22: CRE Office - Detail
CRE Office - Detail As of March 31, 2026 CRE Office (1) Office - LTV (2) Texas; 9% 60% New York; 4% 49% 50% Other ; 19.0% 40% 30% 28% 20% 15% Florida; 68% 10% 8% —% 0% 50% or 51-60% 61-70% 71-80% 81% or less more Total: $448 million Weighted Average LTV: 60% Loan Portfolio Percentage: 6.8% CRE offic
Slide 23: Domestic and International Deposit Details
Domestic and International Deposit Details ($ in millions) $7,895 $7,854 $7,787 $7,939 $2,465 $2,576 $2,619 $2,710 $5,430 $5,278 $5,168 $5,229 2023 2024 2025 1Q26 Domestic Deposits International Deposits 66% of Total Deposits 34% of Total Deposits Avg. account balance (1): Avg. account balance(1): $
Slide 24: New Branch Performance
New Branch Performance Actual balances as of March 31, 2026 ($ in millions) As of December 31, 2025 As of March 31, 2026 Banking Center Opening Date Total Deposits Total Loans Total Deposits Total Loans Key Biscayne 6/26/2023 $100 $15 $103 $2 W. Kennedy Tampa 2/1/2024 $61 $10 $45 $47 Las Olas 3/5/20
Slide 25: Interest Rate Sensitivity
Interest Rate Sensitivity 25 Impact on NII from Interest Rate Change (1)(2) Impact on AFS from Interest Rate Change (1) As of March 31, 2026 Expected pre-tax AOCL 6.4% 5.9% 4.0% 0% 2.8% 5.8% 2.3% 0% (2.6)% Improvement 400 (1.5)% (5.3)% (3.2)% (10.9)% — (7.1)% ($ in Millions) (12,987) ($ in Millions)
Slide 26: Noninterest Income Mix
Noninterest Income Mix $(0.2) Noninterest Income Mix Assets Under Management and Custody ($ in millions) 30 1Q25 1Q26 $19.8 $22.0 20 $19.5 $3.2 $17.3 $1.4 28% 25% $1.5 $17.4 $2.4 $8.4 $1.5 $8.1 $6.7 $5.0 $5.0 $2.9B $3.4B $1.7 $1.2 $2.1 $0.5 10 $5.0 $5.0 $5.5 $4.7 $5.3 72% 75% $5.0 $5.1 $4.9 $5.1 $4.
Slide 27: Noninterest Expense
Noninterest Expense Noninterest Expense Mix ($ in millions, except for FTEs) 120 $106.8 90 $77.8 $74.4 $71.6 $68.0 $66.9 60 $38.4 $42.7 $38.3 $34.9 $38.8 30 $36.0 $35.1 $33.3 $32.0 726 704 694 699 692 0 (1) 1Q25 2Q25 3Q25 4Q25 1Q26 Salaries and employee benefits Other operating expenses FTEs (1) 1Q2
Slide 28: EPS Trend
EPS Trend Change in Diluted Earnings Per Common Share $0.80 $0.60 $0.44 $0.40 $0.62 $0.20 $0.07 $0.01 $— $(0.15) $(0.11) $(0.20) 4Q25 PPNR (1) Income Tax Expense Impact of Repurchases Provision for Credit 1Q26 Losses (1) Non-GAAP Financial Measure. See Appendix 1 for a reconciliation to GAAP. 28
Slide 29: Appendices
Appendices
Slide 30: Non-GAAP Financial Measures Reconciliations
Appendix 1 Non-GAAP Financial Measures Reconciliations The following table sets forth selected financial information derived from the Company’s interim unaudited and annual audited consolidated financial statements, adjusted for certain items, including the provision for credit losses, income taxes
Slide 31: Income Statement Highlights - 1Q26 vs 4Q25
Income Statement Highlights - 1Q26 vs 4Q25 ($ in thousands) 1Q26 4Q25 Change Total Interest Income Loans $ 102,674 $ 114,824 $ (12,150) Investment securities 27,682 27,044 638 Interest earning deposits with banks and other interest income 2,661 5,314 (2,653) Total Interest Expense Interest bearing d
Slide 32: Glossary
Glossary 32 • 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 • CET 1 - Common Equity Tier 1 capital rat
Slide 33: Glossary (cont'd)
Glossary (cont'd) 33 • 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 34: AMERANT BANK Imagine tomorrow.
AMERANT BANK Imagine tomorrow.