Amerant Bancorp Inc. · NYSE:AMTB
Amerant Bancorp — Investor Presentation (September 2026)
42 slides from Amerant Bancorp's investor presentation, Sep 1, 2026
Slide 1: Investor Presentation August 31, 2026
Investor Presentation August 31, 2026
Slide 2: Important Notices and Disclaimers
2 Important Notices and Disclaimers Forward-Looking Statements Certain statements contained in this presentation are "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Slide 3: About Us
3 About Us Essence of the Amerant story... Franchise Highlights(1) Assets $10.3 Billion Deposits $8.4 Billion Loans $6.9 Billion AUM $3.4 Billion in AUM/custody Market Share #1 largest public community bank based in FL(2) #1 in public community bank deposit market share in Miami MSA(2) Employees 704
Slide 4: Executing our Strategic Plan with conviction and momentum
4 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 Strategic Initiatives Completed credit policy reviews and enhanced portfolio management practices Further optimi
Slide 5: Investment Highlights
5 Investment Highlights Established Franchise in Attractive Markets • Largest public community bank(1) headquartered in the attractive Florida market • Primary operations located in the 3rd and 7th fastest projected household income growth MSAs in Florida • Long history, strong reputation and intern
Slide 6: Experienced Leadership Team
6 Experienced Leadership Team Carlos Iafigliola President, Chief Executive Officer and Director Carlos Iafigliola was appointed President, CEO and Director in May 2026 after having served as Interim CEO and Director since November 2025. He previously served as SEVP, Chief Operating Officer (COO) sin
Slide 7: Experienced Leadership Team (cont'd)
7 Experienced Leadership Team (cont’d) Pedro Parra SEVP, Chief International Banking Officer Pedro Parra serves as SEVP, Chief International Banking Officer. In this role, he leads Amerant's international banking platform, overseeing Private, Retail, Corporate and Commercial Banking, and Client Serv
Slide 8: Key Financial Metrics (2Q26 vs 1Q26)
8 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, compa
Slide 9: Key Financial Metrics (2Q26 vs 1Q26)
9 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.
Slide 10: Key Financial Metrics (2Q26 vs 1Q26)
10 Key Financial Metrics (2Q26 vs 1Q26) (1) Non-GAAP Financial Measures. See Appendix 1 for a reconciliation to GAAP. (2) TCE Ratio: 2Q26 includes $23.7 million accumulated unrealized losses net of taxes, compared to $21.3 million in 1Q26. Capital • Total Capital Ratio was 14.34%, compared to 14.16%
Slide 11: Increasing Operating Efficiency
11 Increasing Operating Efficiency 60. 72.3 7 .2 8 .2 7 .3 68.4 2021 2022 2023 2024 202 2 26 Efficiency Ratio(1) Simplification and realignment of business model coupled with optimization of contract costs will further improve efficiency Net Interest Margin(1)(2) Rationalization of Business Lines •
Slide 12: NII and NIM
12 NII and NIM (%) 12 ($ in millions) 2Q25 3Q25 4Q25 1Q26 2Q26 Cost of Deposits (Domestic) 3.14 % 3.00 % 2.96 % 3.00 % 2.93 % Cost of Deposits (International) 1.26 % 1.19 % 1.11 % 1.04 % 0.99 % Cost of FHLB Advances 4.04 % 4.00 % 3.90 % 3.90 % 3.90 % Cost of Funds 2.69 % 2.57 % 2.51 % 2.47 % 2.38 %
Slide 13: Well Diversified Deposit & Loan Mix
13 Deposit Composition Loan Composition (2) Transaction Deposits Customer CDs Brokered Deposits (1) Cost of Total Deposits ($ in millions) Noninterest Bearing Demand Deposits Well Diversified Deposit & Loan Mix (1) Brokered Deposits: 2Q25 includes $635 million in time deposits and $9 million in tran
Slide 14: Credit Quality Turning the Corner
14 Credit Quality Turning the Corner 2 23 3 23 4 23 1 24 2 24 3 24 4 24 1 2 2 2 3 2 4 2 1 26 2 26 NCOs Avg. otal Loans FI NPAs Assets ACL otal Loans FI Highlights • Credit quality improved across all key criticized asset buckets in 2Q26 • NPLs declined to $171.1 million from $176.1 million • Classif
Slide 15: Non-Performing Loans
15 Non-Performing Loans ($ in millions) 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% • $66.7 million were cashflow-d
Slide 16: Classified Loans
16 Classified Loans ($ in millions) 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 • $12.4 million were secured with other non-real estate collateral
Slide 17: Special Mention Loans
17 Special Mention Loans ($ in millions) 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
Slide 18: NCOs and Allowance for Credit Losses
18 NCOs and Allowance for Credit Losses Portfolios Balance 1Q26 Reserve Build (1) Balance 2Q26 Real Estate $ 22,705 $ 1,730 $ 24,435 Commercial $ 34,295 $ 3,564 $ 37,859 Consumer and Others $ 22,236 $ 969 $ 23,205 Total ACL $ 79,236 $ 6,263 $ 85,499 ACL Roll-forward Allowance for Credit Losses NCO-t
Slide 19: Outlook
19 Outlook • Total Loans projected to reach approximately $7.3 billion by 4Q26 • Total deposits projected to reach approximately $9.1 billion by 4Q26, primarily driven by low-cost international deposit growth • Net interest margin projected to be approximately 3.50% for the remainder of the year • P
Slide 20: Path to 1.00% ROA
20 Path to 1.00% ROA 2 26 Net Interest Income Opera ng Expense Reduc on Other Income ax Expense Provision for Credit Losses 4 26 0.84% ~ 0.18% ~ 0.08% ~ 0.03% ~ (0.07%) < (0.04%) ~ 1.00%
Slide 21: Our priorities remain clear and aligned with our strategic plan
21 Our priorities remain clear and firmly aligned with our strategic plan: • Driving disciplined, sustainable loan growth that supports our financial objectives and reflects our risk appetite • Continuing to advance credit quality by: ◦ Embedding a stronger credit culture through disciplined underwr
Slide 22: Supplemental Information
Supplemental Information
Slide 23: Regulatory Capital Ratios
23 Regulatory Capital Ratios 12.3 12.12 13.43 14.10 14.16 14.34 2022 2023 2024 202 1 26 2 26 10.8 10. 4 11. 12. 8 12.62 12.72 2022 2023 2024 202 1 26 2 26 10.10 .7 11.21 11.80 11.84 11. 4 2022 2023 2024 202 1 26 2 26 .18 8.84 .66 .62 . 1 .70 2022 2023 2024 202 1 26 2 26 Tier 1 Leverage Ratio (%) Com
Slide 24: Investment Portfolio
24 Fixed vs. Floating(2) 5.0 yrs Effective Duration 4.7 yrs Effective Duration ($ in millions) Expected Prepayments & Maturities Expected Prepayments & Maturities(3) Maturing Yield % $60.6 $266.1 $71. $78.1 3 26 4 26 1 27 2 27 4.82% 4.32% 4.93% 4.91% (1) Excludes Federal Reserve Bank and FHLB stock.
Slide 25: Loan Portfolio Geographic Mix
25 Loan Portfolio Geographic Mix Geographic Mix(1) 1. 1. 1.0 8 .8 8 . 3.0 2.7 2.8 2.7 2.6 3.8 4.0 4.2 .4 .4 1.7 1.8 2.0 2.1 2.1 2 2 3 2 4 2 1 26 2 26 South Florida New ork ampa Other (1) 2Q26, 1Q26 and 4Q25 includes both mortgage loans held for sale carried at fair value and loans held for sale carr
Slide 26: Loan Portfolio Sector Concentrations
26 • Diversified portfolio - highest sector concentration, other than real estate, at 12% of total loans • 74% of total loans secured by real estate • Main concentrations: – Finance Sector – CRE or Commercial Real Estate – Wholesale - Food & Electronics and Computer parts wholesalers – Retail - Gas
Slide 27: Total CRE Loans - Detail
27 CRE Type FL TX NY Other Total % Total CRE % Total Loans (1) Income Producing (2) Land and Construction Retail $ 514 $ 10 $ 60 $ 26 $ 610 26.8 % 9.0 % $ 610 $ — Multifamily 296 58 44 62 460 20.2 % 6.9 % 234 226 Office 311 41 18 92 462 20.3 % 6.8 % 453 9 Hotels 169 28 — 8 205 9.0 % 3.0 % 175 30 Ind
Slide 28: CRE Retail - Detail
28 22 26 32 20 0 0 60 60 70 70 80 80 • Florida primarily includes neighborhood shopping centers or service centers with basic needs related anchor stores, as well as the retail corridor in Miami Beach • New York primarily includes four loans in high traffic retail corridors with proximity to public
Slide 29: CRE Office - Detail
29 CRE office above $3 million represents 22 loans totaling $445 million, or 96% of total CRE office with avg. debt–service coverage (DSCR)(3) 1.6x and LTV 64% ◦ Florida: 16 loans totaling $296 million (51% Miami–Dade, 34% Broward, 5% Palm Beach, 9% Duval and 1% Hillsborough) with avg. DSCR 1.6x and
Slide 30: CRE Multifamily - Detail
30 CRE multifamily above $3 million represents 35 loans totaling $418 million, or 91% of total CRE multifamily with avg. debt–service coverage (DSCR)(3) 1.4x and LTV 57% ◦ Florida: 25 loans totaling $256 million (66% Miami–Dade, 13% Hillsborough, 10% Palm Beach, 6% Broward, 4% in Sarasota and < 1% S
Slide 31: CRE Hotel - Detail
31 CRE hotel represents 18 loans totaling $205 million, with avg. debt–service coverage (DSCR)(2) 1.5x and LTV 60% ◦ Florida: 15 loans totaling $169 million (47% Miami Beach, 13% Doral, 9% Brickell, 9% Miami, 8% Tampa, 6% Dania Beach, 6% Pensacola and 2% Hollywood) with avg. DSCR 1.6x and LTV 59% ◦
Slide 32: Domestic and International Deposit Details
32 ($ in millions) 39% of Total Deposits Avg. account balance(1): $56,000 61% of Total Deposits Avg. account balance (1): $120,000 Domestic and International Deposit Details (1) Average deposit account balances calculated as of June 30, 2026 Venezuela Deposits 30% of Total Deposits YTD growth: 30%
Slide 33: Interest Rate Sensitivity
33 As of June 30, 2026 33 By Rate Type By Repricing Term Loan Portfolio Details Impact on NII from Interest Rate Change(1)(2) AFSChange from base ($ in M ill io ns ) By Interest Type As of June 30, 2026 Impact on AFS from Interest Rate Change(1) (3.2)% (1.7)% 0% 1.9%1.2%(0.8)% 2.3% By Floors ($ in M
Slide 34: Noninterest Income Mix
34 Noninterest Income Mix Deposits and service fees Brokerage, advisory and fiduciary activities Other noninterest income(1) DomesticInternational 2Q25 $3.4B ($ in millions) Securities gains, net Loan-related derivative income Derivative losses, net Noninterest Income Mix $3.1B Assets Under Manageme
Slide 35: Noninterest Expense
35 ($ in millions, except for FTEs) Noninterest Expense Noninterest Expense Mix
Slide 36: Change in Diluted Earnings Per Common Share
36 Change in Diluted Earnings Per Common Share EPS Trend (1) Non-GAAP Financial Measure. See Appendix 1 for a reconciliation to GAAP. (1)
Slide 37: Appendices
Appendices
Slide 38: Appendix Non-GAAP Financial Measures Reconciliations
38 Appendix 1 Non-GAAP Financial Measures Reconciliations he 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 taxe
Slide 39: Income Statement Highlights - 2Q26 vs 1Q26
39 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 deman
Slide 40: Glossary
40 • ACL - Allowance for Credit Losses • AFS - Available for Sale • AOCL - Accumulated Other Comprehensive Loss • AUM - Assets Under Management • CET1 - Common Equity Tier 1 capital ratio • CRE - Commercial Real Estate • Customer CDs - Customer certificates of deposits • EPS – Earnings per Share • F
Slide 41: Glossary (cont'd)
41 Glossary (cont'd) • 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 42: Amerant Bank imagine tomorrow.
AMERANT BANK imagine tomorrow.
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