Amerant Bancorp Inc. · NYSE:AMTB

Amerant Bancorp — Q3 2023 Earnings Presentation

34 slides from Amerant Bancorp's earnings presentation, Nov 14, 2023

  1. Slide 1: Investor Update

    Investor Update November 14, 2023 NYSE: AMTB amerantbank.com

  2. 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 4 Community Updates Investor Update | 2

  3. 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. All statements other than statements of

  4. Slide 4: About Us

    About Us

  5. Slide 5: About Us

    About Us Financial and non-financial information provided here is as of September 30, 2023 Founded in 1979 History Completed IPO in December 2018 Rebranded as Amerant in June 2019 Team Members 700 FTEs $9.35 billion Assets 1 Largest community bank headquartered in Florida Deposits $7.55 billion AUM

  6. Slide 6: Our Investment Proposition

    Our Investment Proposition Established franchise with high scarcity value; presence in attractive, high-growth markets of Miami/South Florida, Tampa and Houston. Strong and diverse deposit base; organic, deposits-first focus. Strong reserve coverage and disciplined credit culture. Well capitalized;

  7. 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

  8. 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

  9. Slide 9: Our Team

    Our Team Workforce Demographics as of 12/31/22 2% 4% 4% 10% 11% 29% Race/ Age 49% Gender 51% Ethnicity* 60% 80% <31 31-50 51+ Women Men White, Non Hispanic Hispanic Black Asian Other *Numbers do not include team members from Amerant Mortgage. For the second consecutive year, Amerant Bank was certifi

  10. Slide 10: Company Updates

    Company Updates

  11. Slide 11: Mid-4Q 2023 Updates

    Mid-4Q 2023 Updates Deposits and Loans Growth recorded on both deposits and loans since 3Q23 Deposit Details As of October 31, 2023 Change QTD Change YTD ($ in millions, except %) 4Q22 2Q23 3Q23 Oct’ 23 $ % $ % Commercial Real Estate 211 255 292 296 4 1 85 40 Commercial & Industrial 819 1,028 1,010

  12. Slide 12: Raising Brand Awareness

    Raising Brand Awareness Multi-year partnerships that support and align with well known organizations and businesses that are deeply rooted in the communities in which we operate. Official Bank of the Miami Heat Our partnership with the Miami Heat, matches us with an organization that values excellen

  13. Slide 13: Raising Brand Awareness

    Raising Brand Awareness Official Bank of the Rice Owls Our extensive partnership with Rice University Athletics includes prominent branding throughout university athletic venues, special events, online channels and more, as well as the ability to provide banking services to athletics fans, donors, s

  14. Slide 14: Common "Look and Feel" Initiative

    Common “Look and Feel” Initiative Banking Center Updates Downtown Miami Targeted for 4Q 2023 Las Olas, Ft. Lauderdale Targeted for 1Q 2024 San Felipe, Houston Targeted for 2Q 2024 Tampa Targeted for 4Q 2023 All but two banking centers have been renovated. Remaining two in process to be updated. Inve

  15. Slide 15: 3Q 2023 News & Events

    3Q 2023 News & Events Announcement of Broward County Regional Headquarters Our vision is to be the bank of choice in the markets we serve, and the establishment of a formal regional headquarters in Broward County is essential toward achieving that vision. Located within the Cornerstone One Building

  16. Slide 16: Performance Updates

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  17. Slide 17: Key Performance Metrics

    Key Performance Metrics NIB Deposits / 2Q23 17.1% Total Deposits 3Q23 18.2% Net Interest 2Q23 3.83% Other Highlights 3Q23 Margin 3Q23 3.57% Loan to deposit ratio improved to 94.64% 2Q23 65.61% compared to 95.22% in Efficiency 2Q23 Ratio 3Q23 64.10% 2Q23 0.31% Strong organic deposit ROA (1) inflows w

  18. Slide 18: Deposit Composition

    Deposit Composition Deposit Composition ($ in millions, except for percentages) 8,000 $7,580 $7,287 $7,547 $7,044 7,000 $6,588 $1,294 $1,361 $1,370 $1,368 6,000 $1,319 $738 $686 $629 $736 5,000 $504 4,000 $1,204 $1,451 $1,120 $1,580 $926 3,000 $3,984 $4,149 2,000 $3,927 $3,861 $3,839 1,000 2.66% 0 2

  19. Slide 19: Loan Composition

    Loan Composition Loan Composition (1) ($ in millions, except for percentages) 8.7% 7.7% 8.9% 7.0% 6.1% 16.7% 17.4% 15.8% 18.5% 19.5% 15.1% 15.0% 14.7% 15.3% 15.8% 18.7% 20.2% 21.3% 22.0% 20.5% 6.79% 6.77% 6.38% 5.85% 5.06% 41.3% 39.3% 38.6% 37.8% 38.0% 3Q22 4Q22 1Q23 2Q23 3Q23 Owner Occupied CRE Sin

  20. Slide 20: Capital

    Capital Total Capital Ratio 12.70% Regulatory Minimum: 10.00% Common Equity Tier 1 Capital (CET1) Ratio Regulatory Minimum: 6.50% 10.30% 7.44% TCE Ratio (1,3) TCE adj. for HTM Valuation (2,3) 7.18% $19.86 TBV/Share adj. for HTM Valuation (3) Capital Allocation Strategy 2023 Class A Common Stock Repu

  21. Slide 21: Liquidity

    Liquidity Our standard liquidity management practices include: Regular testing of lines of credit; satisfactory results have been obtained as of September 30, 2023 Daily monitoring of Federal Reserve Bank account balances as well as large fund providers Daily analysis of lending pipeline and deposit

  22. Slide 22: Community Updates

    Community Updates

  23. Slide 23: Examples of Community Partnerships

    Examples of Community Partnerships Habitat for Humanity - Miami, Broward, Houston We are proud to support organizations doing incredible work in our backyard, like Habitat for Humanity in Miami and Houston. Our teams work together with deserving home owners to complete beautiful homes in under serve

  24. Slide 24: Supplemental Information

    Supplemental Information

  25. Slide 25: Investment Portfolio

    Investment Portfolio Balances and Yields (1) Fixed vs. Floating (3) ($ in millions) June 2023 September 2023 1,500 $12.2 $2.5 $2.4 $234.3 $234.4 15.4% 15.4% $230.3 5.1 yrs 5.3 yrs 3.89% 3.98% Effective Effective 3.01% Duration Duration $1,052.3 $1,027.7 $1,033.8 84.6% 84.6% 3Q22 2Q23 3Q23 Fixed rate

  26. Slide 26: Interest Rate Sensitivity

    Interest Rate Sensitivity Impact on NII from Interest Rate Change (1) As of September 30, 2023 400 6.3% 9.6% 4.3% -1.6% 0% ($ in Millions) 350 -3.5% -7.4% 372 383 300 350 365 338 344 324 250 -200 bps -100 bps -50 bps BASE +50 bps +100 bps +200 bps Net Interest Income Change from base (1) NII and per

  27. Slide 27: Commercial Real Estate (CRE) Held for Investment-Detail; Credit Quality

    Commercial Real Estate (CRE) Held for Investment-Detail Outstanding as of September 30, 2023 ($ in millions, except %) % Total % Total Income Land and CRE Type FL TX NY Other Total CRE Loans (1) Producing (2) Construction Retail $483 $157 $81 $2 $723 27.2% 10.3% $719 $4 Multifamily 342 480 114 20 95

  28. Slide 28: Impact Program: Metrics & Targets

    Impact Program: Metrics & Targets Pillars Goals Metrics Facilitate preparation Dollar value of environmentally conscious direct or Building Climate Resilience for climate change in our indirect financing and investments (1) communities Number of participants in Amerant sponsored environmental activi

  29. Slide 29: 2022 Actuals, 2023 Target, 2030 Target

    2022 Actuals 2023 Target 2030 Target $134M $200M $200M 1,138 900 900 Contingent on GHG Inventory Baseline: Baseline: 2,023 2,000 tCO2e 2,000 tCO2e Target: -100% Target: -100% $459.6M $169.5M $169.5M 5,497 3,500 3,500 4% 5% 5% 41% 44% 44% N/A Every other year (2023) Every other year (2023) N/A Baseli

  30. Slide 30: Appendix

    Appendix

  31. Slide 31: Appendix 1 - 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

  32. Slide 32: Non-GAAP Reconciliation Table

    (in thousands, except percentages and per share amounts) Net income attributable to Amerant Bancorp Inc. (1) Plus after-tax non-routine items in noninterest expense: Non-routine items in noninterest expense before income tax effect Income tax effect (11) Total after-tax non-routine items in noninter

  33. Slide 33: Footnotes

    (1) As previously disclosed, the Company adopted CECL in the fourth quarter of 2022, effective as of January 1, 2022. See Form 10-K for more details of the CECL adoption and related effects to quarterly results for each quarter in the year ended December 31, 2022. (2) In the third quarter of 2023, i

  34. Slide 34: Thank You

    Thank You NYSE: AMTB amerantbank.com

Amerant Bancorp — Q3 2023 Earnings Presentation on 6ix