Amerant Bancorp Inc. (AMTB) SEC Filings & Earnings Calls

Deposit outflows continued; total deposits down 1.3% QoQ and core deposits down 2.0% QoQ, indicating potential funding pressure.

“Total deposits were $8.2 billion, down by $109.6 million, or 1.3%, compared to $8.4 billion. Core deposits were $6.3 billion, down by $125.8 million, or 2.0%.” · word for word

Provision for credit losses increased 30.5% QoQ, signaling potential credit deterioration despite improving non-performing assets.

“Provision for credit losses was $6.2 million, up by $1.5 million, or 30.5%, compared to $4.8 million.” · word for word

Higher interest expense from 7.00% coupon may pressure net interest margin.

“7.00% per annum interest rate on $50M notes.”

Proceeds used partly for share repurchases, which could reduce capital ratios.

“Intends to use net proceeds for general corporate purposes, which may include repurchasing shares of the Company’s Class A common stock under its stock repurchase program.”

Concentration of CRE loans

“Our concentration of CRE loans could result in increased loan losses;” · word for word

International deposit concentration

“International deposits, particularly from Venezuela, have increased significantly” · word for word

Interest rate risk

“Our profitability is subject to interest rate risk;” · word for word

Non-performing assets remain elevated at $186.6M, though declining; ACL increased to $85.5M

“Total non-performing assets were $186.6 million; ACL was $85.5 million compared to $79.2 million.”

NIM compression from 3.55% to 3.52% due to loan yield decline (6.38% to 6.22%)

“Net Interest Margin was 3.52%, compared to 3.55%; Average yield on loans was 6.22%, compared to 6.38%.”

Departure of Chief Risk Officer could introduce temporary uncertainty in risk management oversight

“Retirement of Senior EVP and Chief Risk Officer; transition period planned.”

Compensation terms not yet determined, may cause uncertainty.

“Material terms of compensation have not yet been determined.”

Compensation terms not yet determined, may cause uncertainty.

“Material terms of compensation have not yet been determined.”

Net Interest Margin Compression

“Net interest margin was 3.54% in the six months ended June 30, 2026, a decrease of 24 basis points from 3.78% in the six months ended June 30, 2025.”

Loan Portfolio Yield Decline

“Average yield on loans decreased to 6.30% in the six months ended June 30, 2026 compared to 6.86% in the six months ended June 30, 2025.”

Concentration in Venezuelan Deposits

“International deposits, particularly from Venezuela, have increased significantly, reflecting the Bank’s longstanding client relationships, strong brand recognition, and established banking infrastructure serving Venezuela residents.”

Non-Performing Assets Remain Elevated

“Total non-performing assets were $186.6 million at June 30, 2026, down $0.3 million, or 0.2%, compared to $186.9 million at December 31, 2025.”

Commercial Real Estate Concentration

“Our concentration of CRE loans could result in increased loan losses.”

Credit quality deterioration

“Non-Performing Assets / Total Assets 15% 0.72% 0.58% 0.43% 1.91% Below Threshold”

CEO transition risk

“In November 2025, Gerald P. Plush stepped down from his roles as Chairman, President, and Chief Executive Officer and resigned as a member of the Board of Directors of the Company. On November 5, 2025, the Board of Directors appointed Carlos Iafigliola, who was then serving as Senior Executive Vice President and Chief Operating Officer of the Company, as Int” · word for word

Elevated non-core expenses

“Plus: non-core noninterest expense items (2) 32,902” · word for word

Shrinking balance sheet

“Total assets were $9.8 billion, down $0.1 billion from December 31, 2024. Total gross loans were $6.7 billion, a decrease of $574.1 million from December 31, 2024. Deposits were $7.8 billion, down $67.7 million from December 31, 2024.” · word for word

High provision for credit losses

“Plus: provision for credit losses (1) 42,596” · word for word

Credit quality deterioration

“Classified loans increased by $188.3 million, or 113.1%.” · word for word

CRE concentration risk

“CRE loans represent 40.6% of total loans; significant downgrades in CRE.”

Liquidity risk from cash decline

“Cash and cash equivalents decreased 20.4% YoY.”

Forward-looking statements subject to risks; no new material risks identified.

“Forward-looking statements... involve known and unknown risks, uncertainties and other factors.”

Significant credit deterioration: non-performing assets up 33.6% to $186.9M, classified loans up 46.7% to $354.8M, indicating asset quality stress.

“Total non-performing assets were $186.9 million, up $47.0 million, or 33.6%. Classified loans were $354.8 million, up by $113.0 million, or 46.7%” · word for word

Efficiency ratio deteriorated to 95.19% from 69.84%, driven by elevated non-interest expenses, indicating operational inefficiency.

“The efficiency ratio was 95.19% in 4Q25, up compared to 69.84%” · word for word

Deposit base contracted 6.2% QoQ, with core deposits down 6.6%, indicating potential funding pressure.

“Total deposits were $7.8 billion, down $514.0 million, or 6.2%. Core deposits were $5.8 billion, down $412.1 million, or 6.6%” · word for word

Credit risk reduction via loan sale

“sale of loans reduces credit exposure; Purchaser declined two loans”

Credit quality deterioration with NPL spike and loan transfers to held-for-sale indicate elevated credit risk and potential further losses.

“NPLs increased to $156.7M; $94M loans transferred to held-for-sale with $16M loss; $23M charge-offs.”

Leadership transition risk; interim CEO may lack long-term strategic vision; search for permanent CEO could be prolonged.

“Board... will conduct a search to identify a permanent CEO, which is expected to include external candidates and Mr. Iafigliola”

Potential disruption to ongoing transformation and growth strategy.

“The Board expects that this change will enable Amerant to advance its growth strategy while improving operational efficiency” · word for word

Credit loss exposure from commercial loan participation

“On October 21, 2025, the Company entered into a Wind-down and Settlement Agreement ... assumes the risk of future credit losses under the participation agreement, up to a cumulative cap of $7.7 million through June 30, 2026.” · word for word

Mortgage business transition execution risk

“The Company is also in the process of assessing strategic alternatives for an eventual wind-down or sale of Amerant Mortgage, which it currently expects to complete in the first half of 2026.” · word for word

Interest rate risk from securities portfolio

“The Company believes the decline in fair value on these debt securities below their amortized cost basis is attributable to changes in interest rates and investment securities markets, generally, and not credit quality.” · word for word

Asset quality deterioration: non-performing assets up 42.9% to $139.9M.

“Total non-performing assets were $139.9 million, up by $42.0 million.” · word for word

Provision for credit losses surged 140.9% to $14.6M.

“Provision for credit losses was $14.6 million, up by $8.5 million.” · word for word