Amerant Bancorp : Earnings Presentation Q2 2026

About this update from Amerant Bancorp Inc.

Second Quarter Earnings Presentation July 24, 2026 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 reviews and enhanced portfolio management practices Further optimized the loan portfolio by exiting select exposures, out-of-footprint, and criticized loans Additional cost saving initiatives implemented, expected to materialize in 3Q and 4Q and support continued improvement in the efficiency ratio Improved coordination across client-facing teams, and focused on transactional and client profitability to grow revenue over time Focused on loan growth to improve balance sheet positioning and revenue generation capabilities Continued leveraging Amerant's unique position to grow international deposits 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, compared to $6.8 billion Liabilities Total deposits were $8.4 billion, compared to $7.9 billion Core deposits were $6.4 billion, compared to $5.9 billion Brokered deposits were $498.2 million, compared to $548.1 million FHLB advances were $702.6 million, compared to $732.3 million Off-Balance Sheet Assets Under Management and custody ("AUM") totaled $3.37 billion, compared to $3.42 billion 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 million, compared to $66.9 million Pre-tax pre-provision net revenue (PPNR) (1) was $31.9 million, compared to $30.7 million Net income attributable to the Company was $21.0 million, compared to net income of $17.9 million Relative Performance Metrics Net Interest Margin ("NIM") was 3.52%, compared to 3.55% Diluted earnings per share was $0.53, compared to diluted earnings per share of $0.44 Efficiency ratio was 68.37%, compared to 68.52% Return on Assets ("ROA") was 0.84%, compared to 0.73% Return on Equity ("ROE") was 9.23%, compared to 7.63% (1) Non-GAAP measure, see "Non-GAAP Financial Measures" for more information and Appendix 1 for a reconciliation to GAAP measures. 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 share on May 29, 2026 Repurchased 690,000 shares for $16.1 million at a weighted average price of $23.29 per share, or 1.02x of Tangible Book Value ("TBV") (1) per share and 1.00x of book value per share Tangible book value per share (1) was $22.78, compared to $22.38 (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 $21.3 million in 1Q26 Well Diversified Deposit & Loan Mix Deposit Composition Loan Composition (2) ($ in millions) ($ in millions) $8,307 $1,706 $8,301 $1,769 $7,787 $1,573 $7,939 $1,467 $8,355 $1,708 $644 $1,528 $550 $1,548 $436 $1,560 $548 $1,499 $498 $1,413 $4,736 $4,429 $4,434 $4,218 $4,425 2.53% 2.41% 2.34% 2.31% 2.21% $7,189 $248 $6,942 $243 $6,697 $245 $6,753 $225 $6,866 $210 $1,546 $1,551 $1,518 $1,681 $1,954 $983 $901 $825 $803 $745 $1,723 $1,685 $2,688 $2,563 $1,595 $2,514 $1,598 $1,574 $2,446 $2,383 6.88% 6.93% 6.73% 6.38% 6.22% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Transaction Deposits Customer CDs Cost of Total Deposits Owner Occupied CRE Single Family Residential Brokered Deposits (1) Noninterest Bearing Demand Deposits Consumer Commercial and FI & Acceptances Average Loan Yield (1) Brokered Deposits: 2Q25 includes $635 million in time deposits and $9 million in transaction deposits. All other periods primarily consisted of time deposits. (2) 2Q26, 1Q26, and 4Q25 includes both mortgage loans held for sale carried at fair value and loans held for sale carried at the lower of cost or fair value. There were no loans held for sale in 3Q25, while 2Q25 includes mortgage loans held for sale carried at fair value. Net Interest Income and NIM NII and NIM (%) ($ in millions) $90.5 $94.2 $90.2 $80.3 $82.6 3.81% 3.92% 3.78% 3.55% 3.52% 90 80 70 60 50 40 30 20 10 0 2Q25 3Q25 4Q25 1Q26 2Q26 Interest-Bearing Deposits Beta Evolution (1) Net Interest Income NIM Cost of Funds 0.40 0.48 0.53 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 % 0.60 0.00 4Q25 1Q26 2Q26 Cumulative Beta (1) Beta calculation does not include brokered deposits 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 $12.4 million were secured with other non-real estate collateral types The remaining loans were collectively evaluated for reserves Subsequent to quarter-end, a NY CRE loan totaling $8.9 million was paid off, further reducing NPLs to $162.2 million. ($ in millions) $176.1 $171.1 $30.7 $(5.5) $(13.1) $(17.0) $(0.1) 1Q26 Downgrades to NPLs Charge-offs Paydowns/Payoffs and Others Loans Sold Upgrades 2Q26 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 $12.4 million were secured with other non-real estate collateral types The remaining loans were collectively evaluated for reserves ($ in millions) $273.1 $22.1 $320.3 $(5.5) $(24.3) $(39.5) 1Q26 Downgrades Charge-offs Paydowns/Payoffs Loans Sold 2Q26 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 $20.0 $109.8 $(1.6) $(25.9) $(30.9) 1Q26 Downgrades to Special Mention Downgrades to Classified Paydown/ Payoffs Loans Sold 2Q26 NCOs and Allowance for Credit Losses ($ in millions) ACL Roll-forward Allowance for Credit Losses Portfolios ($ in thousands) 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 $79.2 $85.5 Charge-offs for Charge- Reserve and Growth offs Change Macroeconomic Factor Updates $4.1 $0.8 $2.2 $1.9 $2.8 1Q26 $(5.5) Gross Recoveries Requirement Specific Credit Quality Loan 2Q26 (1) Includes ACL on purchased seasoned loans ("PSLs"). See Glossary for more details on the Company's early adoption of ASU 2025-08. (% are annualized) NCO-to-Average Total Loans Ratio Period / Portfolio CRE Owner-Occupied Single-Family Residential Commercial Financial Institutions Consumer and Others Total 2Q25 -% -% 0.01% 0.77% -% 0.07% 0.86% 3Q25 0.07% -% -% 0.25% -% 0.07% 0.39% 4Q25 0.05% -% -% 0.98% -% 0.04% 1.07% 1Q26 -% -% -% 0.27% -% 0.18% 0.45% 2Q26 -% -% -% 0.05% -% 0.03% 0.08% 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 Projected expenses in 3Q26 to stay consistent with 2Q26, declining to $66 - $67 million in 4Q26, as we continue to make progress towards a target efficiency ratio of approximately 60% Will continue to optimize capital management, balancing between retaining capital for growth, and buybacks and dividends to enhance shareholder returns Path to 1% ROA 0.84% ~ 0.18% ~ 0.08% ~ 0.03% ~ 1.00% ~ 0.07% < 0.04% 2Q26 Net Interest Income Operating Expense Reduction Other Income Tax Expense Provision for Credit Losses 4Q26 Closing Remarks For the second half of the year, our priorities remain clear and firmly aligned with our strategic plan: Driving disciplined, sustainable loan growth that supports our financial objectives and reflects our risk appetite Continuing to advance credit quality by: Embedding a stronger credit culture through disciplined underwriting, relationship-driven decision-making, and enhanced portfolio monitoring Building a high-quality loan pipeline with clear accountability, consistent standards, and improved visibility into risk-adjusted returns Improving efficiency across the organization by executing cost-efficiency initiatives that are expected to deliver recurring cost reductions that strengthen operating leverage and scalability Strengthening our relationship-first model to deepen client engagement, increase collaboration across the business, and support lower-cost deposit growth in domestic and international markets, including Venezuela Maintaining strong capital levels while continuing to return capital to shareholders through dividends and share repurchases Supplemental Information Investment Portfolio Balances and Yields (1) Expected Prepayments & Maturities ($ in millions) ($ in millions) 2,000 $2.5 $120.2 4.88% $2.5 4.76% $2.5 4.84% $266.1 $300.0 $1,789 $2,370 $2,549 0 2Q25 1Q26 2Q26 $60.6 4.82% 4.32% $200.0 $71.5 $78.1 $100.0 4.93% 4.91% $0.0 AFS Trading Marketable Equity Securities Yield 3Q26 4Q26 1Q27 2Q27 Expected Prepayments & Maturities (3) Maturing Yield % Fixed vs. Floating (2) 6.9% 5.0 yrs Effective Duration 93.1% March 2026 6.3% 4.7 yrs Effective Duration 93.7% June 2026 Fixed rate Floating rate Available for Sale Securities by Type June 30, 2026 As of June 30, 2026, 100.0% of the Available for Sale portfolio consists of MBS issued or guaranteed by Government agencies and Government sponsored enterprises. (1) Excludes Federal Reserve Bank and FHLB stock (2) Hybrid investments are classified based on current rate (fixed or floating) (3) Based on estimated prepayment speeds Loan Portfolio Geographic Mix Geographic Mix (1) 1.7% 1.8% 2.0% 3.0% 2.7% 2.8% 2.1% 5.4% 2.7% 2.1% 5.4% 2.6% 91.5% 91.5% 91.0% 89.8% 89.9% 4.2% 4.0% 3.8% 2Q25 3Q25 4Q25 1Q26 2Q26 South Florida New York Tampa Other (2) (1) 2Q26, 1Q26 and 4Q25 includes both mortgage loans held for sale carried at fair value and loans held for sale carried at the lower of cost or fair value. There were no loans held for sale in 3Q25, while 2Q25 includes mortgage loans held for sale at fair value. This geographic categorization is based on internal criteria. (2) Consists of international loans; fully-collateralized securities-based lending and residential loans with U.S. collateral. Loans Held for Investment Portfolio by Industry June 30, 2026 Non-Real ($ in millions) Real Estate Estate Total % Total Loans Highlights Financial Sector (1) $ 14 $ 275 $ 289 4.3 % Construction and Real Estate & Leasing: Commercial real estate loans 2,273 - 2,273 33.7 % Total construction and real estate & leasing 2,437 79 2,516 37.3 % Foodstuffs, Apparel 57 47 104 1.5 % Other real estate related services and equipment leasing (2) 163 79 242 3.6 % Manufacturing: Metals, Computer, Transportation and Other 12 84 96 1.4 % Chemicals, Oil, Plastics, Cement and Wood/Paper 22 29 51 0.8 % Total Manufacturing 91 160 251 3.7 % Wholesale (3) 80 192 272 4.0 % Retail Trade (4) 178 155 333 5.0 % Services: Non-Financial Public Sector - 21 21 0.3 % Communication, Transportation, Health and Other (5) 112 211 323 4.8 % Accommodation, Restaurants, Entertainment and other services (6) 90 257 347 5.2 % Electricity, Gas, Water, Supply and Sewage Services 3 87 90 1.3 % Total Services 205 576 781 11.6 % Primary Products: Agriculture, Livestock, Fishing and Forestry 1 1 2 - % Mining - 7 7 0.1 % Total Primary Products 1 8 9 0.1 % 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 stations and Food retailers Services - Healthcare and Restaurants Other Loans (7) 1,954 338 2,292 34.0 % Total Loans $ 4,960 $ 1,783 $ 6,743 100.0 % Consists primarily of finance facilities granted to non-bank financial companies 4.3% which is composed mainly of 2.2% corporate finance, 1.1% CRE note-on-note financing, 0.8% mortgage warehousing lines and 0.2% others Comprised mostly of construction and real estate related services and equipment rental and leasing activities. Food wholesalers represented approximately 33%. Gasoline stations represented approximately 36%. 19 Healthcare represented approximately 51%. Restaurants and food services represented 65%. Primarily loans belonging to industrial sectors not included in the above sectors, which do not individually represent more than 1 percent of the total loan portfolio, and residential and other consumer loans which represented approximately 24% of total loans. Total CRE Loans - Detail Outstanding as of June 30, 2026 ($ in millions) Loans Held for Investment (1) CRE Type FL TX NY Other Total % Total CRE % Total Loans 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 Industrial 81 - - 32 113 5.0 % 1.7 % 113 - Specialty 162 - - 40 202 8.9 % 3.0 % 176 26 Land 196 - - 25 221 9.7 % 3.3 % - 221 Total CRE $ 1,729 $ 137 $ 122 $ 285 $ 2,273 100.0 % 33.7 % $ 1,761 $ 512 This geographic segmentation is based on collateral location. (1) Calculated as a percentage of loans held for investment only. (2) Income producing properties include non-owner occupied and multi-family residential loans. CRE Type FL TX NY Total Multifamily $ - $ - $ 23 $ 23 Retail 6 - 18 24 Office - - 21 21 Hotels - 18 - 18 Land 24 - - 24 Total $ 30 $ 18 $ 62 $ 110 Loans Held for Sale 20 CRE Retail - Detail As of June 30, 2026 CRE Retail (1) CRE Retail - Single Tenant (1) Retail - LTV (2) Others; 1.0% Regional Center; 2.0% Retail Storefront; 2.0% Single Tenant; 5.0% Theme/Festival Center; 5.0% Neighborhood Center; 32.0% Auto; 26% Sporting & Recreational Goods; 49% 60% 32% 22% 26% 20% -% 50% 40% 30% 20% Community Center; 19.0% Strip/Convenience; 34.0% Pharma; 12% Healthcare; 13% 10% 0% 50% or less 50- 60% 60- 70% 70- 80% 80% or more Total: $552 million Loan Portfolio Percentage: 8.2% Total: $25 million Loan Portfolio Percentage: 0.4% Weighted Average LTV: 59% 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 transportation services Single-tenant consists of one loan in Michigan (Gym) and three smaller loans in South Florida (1) CRE retail loans held for investment above $3.0 million (2) LTV at origination 21 CRE Office - Detail As of June 30, 2026 CRE Office (1) Office - LTV (2) Texas; 14% New York; 4% Other; 16.0% Florida; 66% 60% 50% 40% 30% 20% 10% 0% 49% 27% 16% 8% -% 50% or less 51-60% 61-70% 71-80% 81% or more Total: $445 million Loan Portfolio Percentage: 6.6% Weighted Average LTV: 60% 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 LTV 62% New York: 1 loan totaling $18 million (Westchester) with avg. DSCR 1.5x and LTV 60% Texas: 3 loans totaling $61 million, 2 in Dallas and 1 in Houston, with avg. DSCR 1.3x and LTV 70% Other: 2 loans totaling $69 million, 1 in Memphis, TN and 1 in Atlanta, GA with avg. DSCR 1.1x and LTV 65% (1) CRE offic ◦ e loans held for investment above $3 million 22 (2) LTV at origination (3) DSCR based upon most recent borrower information Domestic and International Deposit Details $7,895 $2,465 $7,854 $2,576 $7,787 $2,619 $8,355 $3,222 $5,430 $5,278 $5,168 $5,133 ($ in millions) 2023 2024 2025 2Q26 Domestic Deposits International Deposits 61% of Total Deposits Avg. account balance (1) : $120,000 39% of Total Deposits Avg. account balance (1) : $56,000 (1) Average deposit account balances calculated as of June 30, 2026 23 Interest Rate Sensitivity Impact on AFS from Interest Rate Change (1) Impact on NII from Interest Rate Change (1)(2) As of June 30, 2026 400 ($ in Millions) (3.2)% (1.7)% (0.8)% 0% 1.2% 1.9% 2.3% Expected pre-tax AOCL Improvement (33,211) approx. 49% improvement in AOCL (16,966) - ($ in Millions) 200 335 340 343 346 350 353 354 5.7% 3.9% 2.2% 0% (2.4)% (4.9)% (10.2)% 2,693 2,649 2,605 2,549 2,488 2,423 2,290 (20,000) 0 -200 bps -100 bps -50 bps BASE +50 bps +100 bps +200 bps -200 bps -100 bps -50 bps MV +50 bps +100 bps +200 bps (40,000) Net Interest Income Loan Portfolio Details As of June 30, 2026 Change from base AFS Change from MV 2Q26 1Q27 (estimated) By Rate Type By Repricing Term By Interest Type SOFR 44% 5-6.75%; 23% By Floors Fixed 41% Adjustable 59% 5+ years; 33% 4-5 years; 2% 1-3 years; 2% <1 year; 63% Prime 13% UST 2% Fixed 41% 3.5-5%; 6% 2-3.5%; 11% 0.5-2%; 3% No Floor; 57% (1) NII and percentage change represent the base scenario of net interest income. The base scenario assumes (i) flat interest rates over the next 12 months, (ii) that total financial instrument balances are kept constant over time and (iii) that interest rate shocks are instant and parallel to the yield curve (2) Totals may not sum due to rounding 24 Noninterest Income Mix Noninterest Income Mix Assets Under Management and Custody ($ in millions) $19.8 $22.0 $3.2 $17.3 $2.4 $1.4 $8.4 $6.7 $1.7 $17.4 $1.5 $5.0 $0.5 $18.2 $1.2 $5.6 $0.4 $5.6 $5.0 $5.0 $1.2 $5.0 $2.1 $5.3 $5.5 $5.0 $(1.9) $5.1 $(1.4) $4.9 $(0.1) $4.9 $5.4 30 2Q25 2Q26 28% $3.1B 72% 19% 81% $3.4B 20 10 0 -10 International Domestic 2Q25 3Q25 4Q25 1Q26 2Q26 Deposits and service fees Securities gains, net Brokerage , advisory and fiduciary activities Other noninterest income (1) Loan-related derivative income Derivative losses, net (1) Other noninterest income in 4Q25 includes $3.3 million gain on the sale and leaseback of two banking centers. 25 Noninterest Expense Noninterest Expense Mix ($ in millions, except for FTEs) $106.8 $83.4 $71.6 $74.4 $77.8 $68.0 66.9 68.9 $48.1 $38.3 $38.4 $42.7 $34.9 $33.5 $35.3 $33.3 726 $36.0 $35.1 $38.8 $32.0 $35.4 698 692 704 694 699 704 120 90 60 30 0 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Salaries and employee benefits Other operating expenses FTEs EPS Trend Change in Diluted Earnings Per Common Share $0.60 $0.50 $(0.02) $0.03 $0.07 $0.44 $0.53 $0.40 $0.30 $0.20 $0.10 $- $0.01 $(0.10) 1Q26 PPNR (1) Income Tax Expense Impact of Repurchases Provision for Credit Losses 2Q26 (1) Non-GAAP Financial Measure. See Appendix 1 for a reconciliation to GAAP. Appendices 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 and goodwill and other intangible assets. The Company believes these adjusted numbers are useful to understand the Company's performance and underlying trends. Three Months Ended, (in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net income attributable to Amerant Bancorp Inc. $ 21,043 $ 17,873 $ 2,701 $ 14,756 $ 23,002 Plus: provision for credit losses (1) 4,750 7,800 3,490 14,600 6,060 Plus: provision for income tax expense (benefit) 6,067 5,070 (794) 4,252 6,795 Pre-tax pre-provision net revenue (PPNR) 31,860 30,743 5,397 33,608 35,857 Three Months Ended, (in thousands, except percentages, share data and per share amounts) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Stockholders' equity $ 914,369 $ 913,918 $ 938,802 $ 944,940 $ 924,286 Less: goodwill and other intangibles (2) (21,522) (22,933) (23,103) (23,784) (24,016) Tangible common stockholders' equity $ 892,847 $ 890,985 $ 915,699 $ 921,156 $ 900,270 Total assets 10,294,247 9,903,514 9,777,018 10,410,199 10,334,678 Less: goodwill and other intangibles (2) (21,522) (22,933) (23,103) (23,784) (24,016) Tangible assets $ 10,272,725 $ 9,880,581 $ 9,753,915 $ 10,386,415 $ 10,310,662 Common shares outstanding 39,186,293 39,803,607 40,595,273 41,265,378 41,748,434 Tangible common equity ratio 8.69% 9.02% 9.39% 8.87% 8.73% Stockholders' book value per common share $ 23.33 $ 22.96 $ 23.13 $ 22.90 $ 22.14 Tangible stockholders' equity book value per common share $ 22.78 $ 22.38 $ 22.56 $ 22.32 $ 21.56 Includes provisions for credit losses on loans and provision for loan contingencies. As of June 30, 2026, other intangible assets primarily consist of naming rights. In prior periods, also includes mortgage servicing rights ("MSRs"). Other intangible assets are included in other assets in the Company's consolidated balance sheets. 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, savings and money market deposits 27,154 26,365 789 Time deposits 17,682 18,254 (572) Advances from FHLB 6,935 6,846 89 Subordinated notes 362 361 1 Junior subordinated debentures 952 910 42 Securities sold under agreements to repurchase 1 - 1 Total Provision for Credit Losses 4,750 7,800 (3,050) Total Noninterest Income 18,162 17,381 781 Total Noninterest Expense 68,877 66,919 1,958 Income Tax Expense 6,067 5,070 997 Net Income Attributable to Amerant Bancorp Inc. $ 21,043 $ 17,873 $ 3,170 31 Glossary 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 FHLB - Federal Home Loan Bank FTE - Full Time Equivalent Employees MBS - Mortgage-Backed Security MV - Market Value NCO - Net Charge-Offs NII - Net Interest Income NIM - Net Interest Margin NPA - Non-Performing Assets NPL - Non-Performing Loans ROA - Return on Assets ROE - Return on Equity TCE ratio - Tangible Common Equity ratio 32 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 time deposits Cost of Deposits: calculated based upon the average balance of total noninterest bearing and interest bearing deposits, which includes time deposits. Cost of Funds: calculated based upon the average balance of total financial liabilities which include total interest bearing liabilities and noninterest bearing demand deposits Cost of Total Deposits: calculated based upon the average balance of total noninterest bearing and interest bearing deposits, which includes time deposits. In the first quarter of 2026, the Company early adopted ASU 2025-08, which expands the use of the gross-up approach for certain purchased loans and eliminates Day 1 credit loss expense. As a result, in the first and second quarters of 2026, the Company recorded an allowance for credit losses of $1.9 million and $0.5 million on approximately $149.5 million and $36.8 million of acquired loans, with no day 1 impact to earnings. Loans Held for Investment: excludes loans held for sale carried at fair value and loans held for sale carried at the lower of cost or fair value Net Charge-Offs: charge-offs net of recoveries Net Charge-Offs/Average Total Loans Held for Investment: Annualized and calculated based upon the average daily balance of outstanding loan principal balance net of unamortized deferred loan fees and costs, excluding the allowance for credit losses Total loans exclude loans held for sale Non-performing assets include accruing loans past due by 90 days or more, all nonaccrual loans, other real estate owned ("OREO") properties acquired through or in lieu of foreclosure and other repossessed assets Non-performing loans include accruing loans past due by 90 days or more and all nonaccrual loans. Quarterly beta (as shown in NII & NIM Slide): calculated based upon the change of the cost of deposit over the change of federal funds rate (if any) during the quarter. ROA: calculated based upon the average daily balance of total assets ROE: calculated based upon the average daily balance of stockholders' equity Total gross loans: consists of the principal balance of outstanding loans, including loans held for investment , loans held for sale at the lower of cost or fair value, and mortgage loans held for sale, net of unamortized deferred loan origination fees and loan origination costs, unamortized premiums paid on purchased loans and the unamortized balance of initial allowance for credit losses on purchased seasoned loans. Totals may not sum due to rounding of line items. AMERANT BANI/ Imagine tomorrow. Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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