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Amerant Bancorp (NYSE: AMTB) Q2 2026: $21M profit, buybacks and dividend

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Amerant Bancorp Inc. reported second-quarter 2026 net income attributable to the company of $21.0 million, or $0.53 per diluted share, up from $17.9 million and $0.44 in the first quarter. Net interest income rose to $82.6 million, noninterest income to $18.2 million, and pre-tax pre-provision net revenue (PPNR) to $31.9 million. Return on average assets was 0.84% and return on average equity 9.23%, with a net interest margin of 3.52% and an efficiency ratio of 68.37%.

Total assets reached $10.3 billion; total gross loans were $6.9 billion and deposits $8.4 billion. Core deposits increased to $6.4 billion, while the loan-to-deposit ratio improved to 82.17% and the average cost of total deposits declined to 2.21%. Asset quality advanced: non-performing assets were $186.6 million, classified loans fell to $273.1 million, special mention loans to $109.8 million, and the allowance for credit losses increased to $85.5 million.

Capital remained solid with a 14.34% total capital ratio, 11.94% CET1 and an 8.69% tangible common equity ratio. The company repurchased 690,000 Class A shares for approximately $16.1 million at a weighted average price of $23.29 and declared a quarterly cash dividend of $0.09 per share, payable August 28, 2026 to shareholders of record on August 14, 2026.

Positive

  • Net income and profitability improved, with net income rising to $21.0 million, diluted EPS to $0.53, ROA to 0.84% and ROE to 9.23% versus the prior quarter.
  • Credit quality strengthened, as classified loans fell to $273.1 million (down 14.7%), special mention loans to $109.8 million (down 25.9%), and non-performing assets declined to $186.6 million.

Negative

  • None.

Filing Explained

A post-quarter payoff reduced non-performing loans to $162.2 million, but the reported quarter-end balance remains $171.1 million.

The filing adds that a New York commercial real-estate loan was paid off after June 30, 2026, reducing reported non-performing loans from $171.1 million at quarter-end to $162.2 million; the payoff is completed, while the quarter-end figures remain the reported period-end balances.

A Form 8-K reports specified material events; here, the second-quarter results and earnings presentation are furnished under Items 2.02 and 7.01, and the company states they are not deemed filed for Section 18 purposes.

The balance sheet records $301.1 million of cash and cash equivalents at June 30, 2026, versus $188.7 million at March 31, 2026; the filing provides the quarter-end liquidity balance but does not state that the cash is committed to a particular use.

The July 24, 2026 earnings webcast is the named next venue for management's discussion of the quarter and the disclosed credit developments.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income attributable to Amerant Bancorp Inc. $21.0 million Second quarter 2026, up from $17.9 million in first quarter 2026
Diluted earnings per share $0.53 Second quarter 2026, compared to $0.44 in first quarter 2026
Total assets $10,294,247 thousand Consolidated balance sheet as of June 30, 2026
Total deposits $8,355,308 thousand As of June 30, 2026; up 5.2% from March 31, 2026
Core deposits $6,444,271 thousand As of June 30, 2026; increased 9.4% quarter over quarter
Net interest margin (NIM) 3.52% For the three months ended June 30, 2026
Non-performing assets $186,632 thousand As of June 30, 2026; 1.81% of total assets
Share repurchases 690,000 shares for approximately $16.1 million Class A common stock repurchased in second quarter 2026 at $23.29 average price
Net interest margin financial
"Net Interest Margin (“NIM”) was 3.52%, compared to 3.55%."
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
Allowance for credit losses financial
"The ACL was $85.5 million compared to $79.2 million."
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
Non-performing assets financial
"Total non-performing assets were $186.6 million, down by $5.0 million."
Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.
Tangible common equity ratio financial
"Tangible common equity ratio (1)(3)(4) was 8.69%."
Tangible common equity ratio measures how much real, loss-absorbing capital common shareholders have relative to a company's tangible assets—calculated by removing intangible items (like goodwill) and preferred equity from total equity and comparing that net amount to tangible assets. Think of it as the thickness of a safety cushion made of solid, visible value rather than accounting entries; investors use it to judge how well a company could withstand losses and protect common shareholders' claims.
Pre-tax pre-provision net revenue financial
"Pre-tax pre-provision net revenue (PPNR)(1) was $31.9 million."
Pre-tax pre-provision net revenue is a banking measure of how much money a firm generates from its core activities — mainly interest earned minus interest paid, plus other income, minus operating costs — before taking out taxes and setting aside reserves for potential loan losses. Think of it as a shop’s gross operating cash flow before it pays taxes or puts money aside for customers who might not pay; investors use it to judge underlying earning power and how much cushion a bank has against credit problems.
Assets under management and custody financial
"Assets Under Management and custody (“AUM”) totaled $3.37 billion."
Net income attributable to Amerant Bancorp Inc. $21.0 million up from $17.9 million in the first quarter of 2026
Diluted earnings per share $0.53 up from $0.44 in the first quarter of 2026
Net interest income $82.6 million up from $80.3 million in the first quarter of 2026
Return on average assets (ROA) 0.84% up from 0.73% in the first quarter of 2026
Return on average equity (ROE) 9.23% up from 7.63% in the first quarter of 2026
Guidance

Management projects total loans of approximately $7.3 billion and total deposits of approximately $9.1 billion by the fourth quarter of 2026, net interest margin of about 3.50%, quarterly expenses declining to $66–$67 million in the fourth quarter, and a target efficiency ratio of approximately 60%.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What were Amerant Bancorp (AMTB) earnings for the second quarter of 2026?
Amerant Bancorp (AMTB) reported net income of $21.0 million for Q2 2026, up from $17.9 million in Q1 2026. Diluted earnings per share were $0.53, compared with $0.44 in the prior quarter, reflecting higher net interest and noninterest income.

How did Amerant Bancorp (AMTB) loans and deposits change in Q2 2026?
Total gross loans reached $6.9 billion, up $111.8 million from Q1 2026, while total deposits increased to $8.4 billion, up $416.2 million. Core deposits grew 9.4% to $6.4 billion, and the loan-to-deposit ratio improved to 82.17%.

What capital and liquidity metrics did Amerant Bancorp (AMTB) disclose as of June 30, 2026?
The company reported a total capital ratio of 14.34%, CET1 of 11.94%, and a tangible common equity ratio of 8.69%. Total assets were $10.3 billion, and cash and cash equivalents were $301.1 million, with AUM totaling $3.37 billion.

What shareholder return actions did Amerant Bancorp (AMTB) take in Q2 2026?
Amerant Bancorp repurchased 690,000 shares of Class A common stock for about $16.1 million at a weighted average price of $23.29 per share and declared a $0.09 per-share quarterly cash dividend payable August 28, 2026.

Did Amerant Bancorp (AMTB) provide an outlook for the remainder of 2026?
Management projects total loans around $7.3 billion and total deposits around $9.1 billion by 4Q26, net interest margin of about 3.50%, quarterly expenses declining to $66–$67 million in 4Q26 and a target efficiency ratio of approximately 60%.
0001734342false00017343422026-07-232026-07-23
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 23, 2026
amerantimagea03.jpg 
Amerant Bancorp Inc.
(Exact name of registrant as specified in its charter) 
Florida 001-38534 65-0032379
(State or other jurisdiction
of incorporation		 (Commission
file number)		 (IRS Employer
Identification Number)
220 Alhambra Circle
Coral Gables, Florida
33134
(Address of principal executive offices)(Zip Code)
(305) 460-8728
      (Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolsName of exchange on which registered
Class A Common StockAMTBNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 23, 2026, Amerant Bancorp Inc. (the "Company") issued a press release to report the Company’s financial results for the fiscal quarter June 30, 2026. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference to this Item 2.02.

In accordance with General Instruction B.2. of Form 8-K, the information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosure

On July 24, 2026, the Company will hold a live audio webcast to discuss its financial results for the fiscal quarter ended June 30, 2026. In connection with the webcast, the Company is furnishing to the U.S. Securities and Exchange Commission the earnings slide presentation attached as Exhibit 99.2 to this Current Report on Form 8-K and incorporated by reference to this Item 7.01.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 attached hereto, is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 Other Events

On July 23, 2026, the Company also issued a press release announcing that the Company's Board of Directors (the “Board”) declared a cash dividend of $0.09 per share of its Class A common stock. The dividend is payable on August 28, 2026, to shareholders of record at the close of business on August 14, 2026.

A copy of the press release is attached as Exhibit 99.3 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits
Number
Exhibit
99.1
Press Release of Amerant Bancorp Inc., dated July 23, 2026
99.2
Earnings slide presentation of Amerant Bancorp Inc., dated July 24, 2026
99.3
Press Release of Amerant Bancorp Inc., dated July 23, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: July 23, 2026 Amerant Bancorp Inc.
    
  By: /s/ Julio V. Pena
    Name: Julio V. Pena
    Title:  Executive Vice President,
Associate General Counsel and Corporate Secretary

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CONTACTS:
Investors
Laura Rossi
InvestorRelations@amerantbank.com
(305) 460-8728
Media
Alexis Dominguez
MediaRelations@amerantbank.com
(305) 441-8412


AMERANT REPORTS SECOND QUARTER 2026 RESULTS

CORAL GABLES, FLORIDA, July 23, 2026. Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today reported net income attributable to the Company of $21.0 million in the second quarter of 2026, or $0.53 earnings per diluted share, compared to net income of $17.9 million, or $0.44 earnings per diluted share, in the first quarter of 2026.
“We delivered a strong second quarter, with net income increasing to $21.0 million, or $0.53 per diluted share, supported by continued balance sheet growth, solid deposit generation and disciplined expense management,” said Carlos Iafigliola, President and Chief Executive Officer. “Importantly, core deposits grew 9.4% from the prior quarter, particularly in non-interest bearing deposits, and profitability improved, with ROA and ROE increasing to 0.84% and 9.23%, respectively. We also continued to make progress on credit, with classified loans declining meaningfully, while maintaining strong capital levels and returning capital to shareholders through our share repurchase activity and quarterly dividend. These results reflect the ongoing execution of our strategic priorities and the strength of our franchise.”

Below are the results for 2Q26 and their comparison to 1Q26:

•Total assets were $10.3 billion, up by $390.7 million, or 3.9%, compared to $9.9 billion.

•Total gross loans, which includes all loans held for sale, were $6.9 billion, up by $111.8 million, or 1.7%, compared to $6.8 billion.

•Cash and cash equivalents were $301.1 million, up by $112.4 million, or 59.6%, compared to $188.7 million.

•Total investments were $2.6 billion, up by $177.5 million, or 7.3%, compared to $2.4 billion.

•Total deposits were $8.4 billion, up by $416.2 million, or 5.2%, compared to $7.9 billion.

•Core deposits were $6.4 billion, up by $552.6 million, or 9.4%, compared to $5.9 billion.

•Total advances from the Federal Home Loan Bank (“FHLB”) were $702.6 million, down by $29.7 million, or 4.0%, compared to $732.3 million.
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•Net Interest Margin (“NIM”) was 3.52%, compared to 3.55%.

•Average yield on loans was 6.22%, compared to 6.38%.

•Average cost of total deposits was 2.21%, compared to 2.31%.

•Loan to deposit ratio was 82.17%, compared to 85.07%.

•Asset Quality and Allowance for Credit Losses (“ACL”):

–Total non-performing assets were $186.6 million, down by $5.0 million, or 2.6%, compared to $191.6 million. As of 2Q26, non-performing assets consist of $171.1 million in non-performing loans and $15.5 million in Other Real Estate Owned (“OREO”).

–The ACL was $85.5 million compared to $79.2 million.

–Classified loans were $273.1 million, down by $47.2 million, or 14.7%, compared to $320.3 million, while non-performing loans were $171.1 million, down $5.0 million, or 2.8%, compared to $176.1 million. The reduction in classified loans was primarily attributable to loan sales during the quarter. Special mention loans were $109.8 million, down $38.5 million, or 25.9%, compared to $148.2 million. The decrease was primarily driven by loan sales and payoffs during the quarter.

–The Company has provided additional details regarding asset quality in the 2Q26 earnings presentation (https://investor.amerantbank.com).

•Assets Under Management and custody (“AUM”) totaled $3.37 billion, down by $52.8 million, or 1.5% from $3.42 billion.

•Pre-tax pre-provision net revenue (“PPNR”)(1) was $31.9 million, up by $1.1 million, or 3.6%, compared to PPNR of $30.7 million.

•Net Interest Income (“NII”) was $82.6 million, up by $2.3 million, or 2.9%, from $80.3 million.

•Provision for credit losses was $4.8 million, down by $3.1 million, or 39.1%, compared to $7.8 million.

•Noninterest income was $18.2 million, up by $0.8 million, or 4.5%, from $17.4 million.

•Noninterest expense was $68.9 million, up by $2.0 million, or 2.9%, from $66.9 million.

•The efficiency ratio was 68.37%, compared to 68.52%.

•Return on average assets (“ROA”) was 0.84%, compared to 0.73%.

•Return on average equity (“ROE”) was 9.23%, compared to 7.63%.

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•The Company repurchased an aggregate of 690,000 shares of Class A common stock at a weighted average price of $23.29 per share, or 1.02x of Tangible Book Value ("TBV")(1) and 1.00x of book value per share. The aggregate purchase price for these transactions was approximately $16.1 million.

•On July 22, 2026, the Company’s Board of Directors declared a cash dividend of $0.09 per share of common stock. The dividend is payable on August 28, 2026, to shareholders of record on August 14, 2026.

Additional details on the second quarter 2026 results can be found in the Exhibits and Glossary of Terms and Definitions to this earnings release, and the earnings presentation available under the Investor Relations section of the Company’s website at https://investor.amerantbank.com. See Glossary of Terms and Definitions for definitions of financial terms.

1 Non-GAAP measure, see “Non-GAAP Financial Measures” for more information and Exhibit 2 for a reconciliation to GAAP measures.


Second Quarter 2026 Earnings Conference Call

The Company will hold an earnings conference call on Friday, July 24, 2026 at 9:00 a.m. (Eastern Time) to discuss its second quarter 2026 results. The conference call and presentation materials can be accessed via webcast by logging on from the Investor Relations section of the Company’s website at https://investor.amerantbank.com. The online replay will remain available for approximately one month following the call through the above link.

About Amerant Bancorp Inc. (NYSE: AMTB)

Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the “Bank”), as well as its other subsidiary Amerant Investments, Inc. The Company provides individuals and businesses with deposit, credit and wealth management services. The Bank, which has operated for over 45 years, is headquartered in Florida and has a network of 23 banking centers – 21 in South Florida and 2 in Tampa, Florida. For more information, visit investor.amerantbank.com.

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Cautionary Notice Regarding Forward-Looking Statements

This press release 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 include but are not limited to: our future operating or financial performance, including revenues, expenses, expense savings, income or loss and earnings or loss per share, and other financial items; statements regarding expectations, plans or objectives for future operations, products or services, and our expectations on loan recoveries, or reaching positive resolutions on problem loans, or significantly reducing special mention and/or non-performing loans. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target,” “goals,” “outlooks,” “modeled,” “dedicated,” “create,” and other similar words and expressions of the future.

Forward-looking statements, including those relating to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the Company’s actual results, performance, achievements, or financial condition to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in “Risk factors” in our annual report on Form 10-K for the fiscal year ended December 31, 2025 filed on February 27, 2026 (“the 2025 Form 10-K”), in our quarterly report on Form 10-Q for the quarter ended March 31, 2026, filed on May 1, 2026, and in our other filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website www.sec.gov.

Interim Financial Information

Unaudited financial information as of and for interim periods, including the three and six month periods ended June 30, 2026 and 2025, and the three month periods ended March 31, 2026, December 31, 2025 and September 30, 2025, may not reflect our results of operations for our fiscal year ending, or financial condition, as of December 31, 2026, or any other period of time or date.

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Non-GAAP Financial Measures

The Company supplements its financial results that are determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”) with non-GAAP financial measures, such as “pre-tax pre-provision net revenue (PPNR)”, "tangible common equity ratio", and “tangible stockholders’ equity (book value) per common share”. This supplemental information is not required by, or is not presented in accordance with GAAP. The Company refers to these financial measures and ratios as “non-GAAP financial measures”.

We use certain non-GAAP financial measures, including those mentioned above, both to explain our results to shareholders and the investment community and in the internal evaluation and management of our business. Management believes that these supplementary non-GAAP financial measures and the information they provide are useful to investors since these measures permit investors to view our performance using the same tools that our management uses to evaluate our past performance and prospects for future performance. While we believe that these non-GAAP financial measures are useful in evaluating our performance, this information should be considered as supplemental and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

Exhibit 2 reconciles these non-GAAP financial measures to GAAP reported results.

Beginning in the first quarter of 2026, the Company reviewed and updated its use of non‑GAAP financial measures and now presents a limited set of metrics that management uses to evaluate performance and make operating decisions. As part of this update, the Company discontinued the presentation of “Core PPNR”, “core noninterest income”, “core noninterest expense”, “core net income”, “core earnings per share (basic and diluted)”, “core return on assets (Core ROA)”, “core return on equity (Core ROE)”, and “core efficiency ratio” as management determined these measures are no longer primary metrics used internally. This change does not reflect any change in the Company’s underlying business, operations, or GAAP financial results.
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Exhibit 1- Selected Financial Information
The following table sets forth selected financial information derived from our interim unaudited and annual audited consolidated financial statements.


(in thousands)
June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025
Consolidated Balance Sheets(audited)
Total assets$10,294,247$9,903,514$9,777,018$10,410,199$10,334,678
Total investments2,608,4182,430,8842,084,5692,307,7011,970,888
Total gross loans (1)
6,865,6276,753,7816,697,2356,941,7927,189,196
Allowance for credit losses85,49979,23679,27694,91886,519
Total deposits8,355,3087,939,1017,786,9348,300,9698,306,544
Core deposits (1)
6,444,2715,891,6895,790,8956,203,0386,143,625
Advances from the Federal Home Loan Bank702,608732,263711,984831,699765,000
Subordinated notes29,88029,83729,79529,75229,710
Junior subordinated debentures 64,17864,17864,17864,17864,178
Stockholders' equity
914,369913,918938,802944,940924,286
Assets under management and custody (1)
3,371,1143,423,9193,256,7543,169,5143,065,020


Three Months Ended
(in thousands, except percentages, share data and per share amounts)
June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025
Consolidated Results of Operations
Net interest income$82,575$80,281$90,150$94,152$90,479
Provision for credit losses (2)
4,7507,8003,49014,6006,060
Noninterest income18,16217,38122,01917,29119,778
Noninterest expense68,87766,919106,77277,83574,400
Net income attributable to Amerant Bancorp Inc.21,04317,8732,70114,75623,002
Pre-tax pre-provision net revenue (PPNR) (3)
31,86030,7435,39733,60835,857
Effective income tax rate 22.38%22.10%(41.64)%22.37%22.80%
Common Share Data
Stockholders' book value per common share$23.33$22.96$23.13$22.90$22.14
Tangible stockholders' equity (book value) per common share (3)(4)
$22.78$22.38$22.56$22.32$21.56
Basic earnings per common share$0.54$0.44$0.07$0.35$0.55
Diluted earnings per common share (4)
$0.53$0.44$0.07$0.35$0.55
Basic weighted average shares outstanding 39,316,90640,315,75740,915,73341,590,20141,805,550
Diluted weighted average shares outstanding (4)
39,509,58340,510,99341,102,76041,774,10141,873,551
Cash dividend declared per common share (5)
$0.09$0.09$0.09$0.09$0.09
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Three Months Ended
June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025
Other Financial and Operating Data (6)
Profitability Indicators (%)
Net interest income / Average total interest earning assets (NIM) (1)
3.52%3.55 %3.78%3.92 %3.81 %
Net income / Average total assets (ROA)(1)
0.84%0.73 %0.10 %0.57 %0.90 %
Net income / Average stockholders' equity (ROE) (1)
9.23%7.63 %1.12 %6.21 %10.06 %
Noninterest income / Total revenue (1)
18.03%17.80%19.63%15.52%17.94%
Capital Indicators (%)
Total capital ratio (1)
14.34%14.16 %14.10%13.90 %13.49 %
Tier 1 capital ratio (1)
12.72%12.62 %12.58%12.28 %11.97 %
Tier 1 leverage ratio (1)
9.70%9.91 %9.62%9.73 %9.69 %
Common equity tier 1 capital ratio (CET1) (1)
11.94%11.84 %11.80%11.54 %11.24 %
Tangible common equity ratio (1)(3)(4)
8.69%9.02 %9.39%8.87 %8.73 %
Liquidity Ratios (%)
Loans to Deposits (1)
82.17%85.07 %86.01%83.63 %86.55 %
Asset Quality Indicators (%)
Non-performing assets / Total assets (1)
1.81%1.93 %1.91%1.34 %0.95 %
Non-performing loans / Total gross loans (1)
2.49%2.61 %2.56%1.79 %1.15 %
Allowance for credit losses / Total non-performing loans
49.97%45.01 %46.26%76.37 %104.89 %
Allowance for credit losses / Total loans held for investment1.27%1.21 %1.20%1.37 %1.20 %
Net charge-offs / Average total loans held for investment (1)
0.08%0.45 %1.07%0.39 %0.86 %
Efficiency Indicators (% except FTE)
Noninterest expense / Average total assets2.73%2.74 %4.14%3.01 %2.91 %
Salaries and employee benefits / Average total assets1.41%1.31 %1.50%1.36 %1.41 %
Other operating expenses/ Average total assets (1)
1.33%1.43 %2.64%1.66 %1.50 %
Efficiency ratio (1)
68.37%68.52 %95.19%69.84 %67.48 %
FTEs
704699694704692
__________________
(1)     See Glossary of Terms and Definitions for definitions of financial terms.
(2) In all periods shown, includes reserves on loans and contingent loans. The (reversal of) provision for unfunded commitments (contingencies) in the second and first quarter of 2026, and fourth, third and second quarters of 2025, were ($1.0 million), $1.1 million, $0.7 million, ($0.7 million) and $2.5 million, respectively.
(3) Non-GAAP measure. See “Non-GAAP Financial Measures” for more information and Exhibit 2 for a reconciliation to GAAP.
(4) See 2025 Form 10-K for more information on potential dilutive instruments and their impact on diluted earnings per share computation.
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(5) In all periods shown, the Company’s Board of Directors declared and paid cash dividends of $0.09 per share of the Company’s common stock. In connection with these dividends, the Company paid an aggregate amount of $3.6 million in the second quarter, $3.7 million in the first quarter of 2026 and fourth quarter of 2025, and $3.8 million per quarter in all other periods.
(6) Operating data for the periods presented have been annualized.




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Exhibit 2- Non-GAAP Financial Measures Reconciliation

The following tables set 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, 2026March 31, 2026December 31, 2025September 30, 2025June 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 
​

(in thousands, except percentages, share data and per share amounts)
June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 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 assets10,294,2479,903,5149,777,01810,410,19910,334,678
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 outstanding39,186,29339,803,60740,595,27341,265,37841,748,434
Tangible common equity ratio8.69 %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
____________

(1) Includes provision for credit losses on loans and provision for loan contingencies.
(2) 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.
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Exhibit 3 - Average Balance Sheet, Interest and Yield/Rate Analysis
The following tables present average balance sheet information, interest income, interest expense and the corresponding average yields earned and rates paid for the periods presented. The average balances for loans include both performing and non-performing balances. Interest income on loans includes the effects of discount accretion and the amortization of non-refundable loan origination fees, net of direct loan origination costs, accounted for as yield adjustments. Average balances represent the daily average balances for the periods presented.
Three Months Ended
June 30, 2026March 31, 2026June 30, 2025
(in thousands, except percentages) Average
Balances		Income/
Expense		Yield/
Rates		Average BalancesIncome/ ExpenseYield/ RatesAverage
 Balances		Income/
Expense		Yield/
Rates
Interest-earning assets:
Loan portfolio, net (1)
$6,674,563 $103,449 6.22 %$6,523,493 $102,674 6.38 %$7,118,087 $122,166 6.88 %
Debt securities available for sale (2) (3)
2,344,767 28,302 4.84 %2,281,441 26,800 4.76 %1,769,440 21,931 4.97 %
Debt securities held for trading 209 — — %333 — — %59,331 343 2.32 %
Equity securities with readily determinable fair value not held for trading2,527 22 3.49 %2,553 14 2.22 %2,508 21 3.36 %
Federal Reserve Bank and FHLB stock57,054 888 6.24 %57,177 868 6.16 %57,072 917 6.44 %
Deposits with banks (4)324,291 2,965 3.67 %291,145 2,598 3.62 %514,478 5,643 4.40 %
Other short-term investments3,856 35 3.64 %7,182 63 3.56 %7,046 74 4.21 %
Total interest-earning assets9,407,267 135,661 5.78 %9,163,324 133,017 5.89 %9,527,962 151,095 6.36 %
Total noninterest-earning assets (5)700,165 739,439 728,292 
Total assets$10,107,432 $9,902,763 $10,256,254 

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Three Months Ended
June 30, 2026March 31, 2026June 30, 2025
(in thousands, except percentages) Average
Balances		Income/
Expense		Yield/
Rates		Average BalancesIncome/ ExpenseYield/ RatesAverage
 Balances		Income/
Expense		Yield/
Rates
Interest-bearing liabilities:
Checking and saving accounts
Interest bearing demand, savings, and money market deposits (6)4,618,11827,154 2.36 %4,429,32726,365 2.41 %4,451,06929,5972.67 %
Time deposits1,995,00717,682 3.55 %2,011,95218,254 3.68 %2,149,86122,2854.16 %
Total deposits6,613,12544,836 2.72 %6,441,27944,619 2.81 %6,600,93051,8823.15 %
Securities sold under agreements to repurchase95 1 4.22 %— — — %1051 3.82 %
Advances from the FHLB (7)712,8016,935 3.90 %712,3496,846 3.90 %717,2607,2304.04 %
Senior notes—— — %—— — %—78— %
Subordinated notes29,859362 4.86 %29,816361 4.91 %29,6893614.88 %
Junior subordinated debentures64,178952 5.95 %64,178910 5.75 %64,1781,0646.64 %
Total interest-bearing liabilities7,420,05853,086 2.87 %7,247,62252,736 2.95 %7,412,16260,6163.28 %
Noninterest-bearing liabilities:
Noninterest bearing demand deposits
1,533,0321,396,6121,637,173
Accounts payable, accrued liabilities and other liabilities239,723308,976 289,909
Total noninterest-bearing liabilities
1,772,7551,705,5881,927,082
Total liabilities9,192,8138,953,2109,339,244
Stockholders’ equity914,619949,553 917,010
Total liabilities and stockholders' equity$10,107,432 $9,902,763 $10,256,254
Excess of average interest-earning assets over average interest-bearing liabilities$1,987,209 $1,915,702 $2,115,800
Net interest income$82,575 $80,281 $90,479 
Net interest rate spread2.91 %2.94 %3.08 %
Net interest margin (7)3.52 %3.55 %3.81 %
Cost of total deposits (7)2.21 %2.31 %2.53 %
Ratio of average interest-earning assets to average interest-bearing liabilities126.78 %126.43 %128.54 %
Average non-performing loans/ Average total loans2.55 %2.39 %1.35 %
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Six Months Ended
June 30, 2026June 30, 2025
(in thousands, except percentages) Average
Balances		Income/
Expense		Yield/
Rates		Average BalancesIncome/ ExpenseYield/ Rates
Interest-earning assets:
Loan portfolio, net (1)$6,599,445 $206,123 6.30 %$7,145,968 $243,187 6.86 %
Debt securities available for sale (2)(3)2,313,27955,102 4.80 %1,622,12339,895 4.96 %
Debt securities held for trading271— — %29,907343 2.31 %
Equity securities with readily determinable fair value not held for trading2,54036 2.86 %2,50340 3.22 %
Federal Reserve Bank and FHLB stock57,1151,756 6.20 %57,1951,853 6.53 %
Deposits with banks (4)307,8105,563 3.64 %547,26212,044 4.44 %
Other short-term investments5,51098 3.59 %6,742141 4.23 %
Total interest-earning assets9,285,970268,678 5.83 %9,411,700297,503 6.37 %
Total non-interest-earning assets (5)719,693738,283
Total assets$10,005,663$10,149,983
Interest-bearing liabilities:
Checking and saving accounts
   Interest bearing demand, savings, and money market deposits (6)4,524,24453,519 2.39 %4,318,14456,726 2.65 %
Time deposits2,003,43235,936 3.62 %2,188,68146,143 4.25 %
Total deposits6,527,67689,455 2.76 %6,506,825102,869 3.19 %
Securities sold under agreements to repurchase481 4.20 %531 3.80 %
Advances from the FHLB (7)712,57613,781 3.90 %720,44614,430 4.04 %
Senior notes—— — %29,7761,020 6.91 %
Subordinated notes29,839723 4.89 %29,668722 4.91 %
Junior subordinated debentures64,1781,862 5.85 %64,1782,078 6.53 %
Total interest-bearing liabilities7,334,317105,822 2.91 %7,350,946121,120 3.32 %
Non-interest-bearing liabilities:
Non-interest bearing demand deposits1,465,1991,591,227
Accounts payable, accrued liabilities and other liabilities274,158293,677
Total non-interest-bearing liabilities1,739,3571,884,904
Total liabilities9,073,6749,235,850
Stockholders’ equity931,989914,133
Total liabilities and stockholders' equity$10,005,663 $10,149,983 
Excess of average interest-earning assets over average interest-bearing liabilities$1,951,653 $2,060,754
Net interest income$162,856 $176,383 
Net interest rate spread2.92 %3.05 %
Net interest margin (7)3.54 %3.78 %
Cost of total deposits (7)2.26 %2.56 %
Ratio of average interest-earning assets to average interest-bearing liabilities126.61 %128.03 %
Average non-performing loans/ Average total loans2.47 %1.39 %
___________
(1)    Includes loans held for investment net of the allowance for credit losses, and loans held for sale. Non-performing loans are included in the total loan portfolio balances.
(2)    Includes the average balance of net unrealized gains and losses in the fair value of debt securities available for sale.
(3)    Includes nontaxable securities with average balances of $51.9 million, $52.9 million and $53.9 million for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively, and $52.7 million and $54.6 million in the six months ended June 30, 2026 and 2025, respectively. The tax equivalent yield for these nontaxable securities was 4.70%, 4.48%, and 4.81% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively, and 4.66% and 4.75% in the six months ended June 30, 2026 and 2025. In 2026 and 2025, the tax equivalent yields were calculated assuming a 21% tax rate and dividing the actual yield by 0.79.
(4)    Deposits with banks in this table include time deposits with banks maturing in more than three months that are not considered cash and cash equivalents in the Company's consolidated balance sheet.
(5) Excludes the allowance for credit losses.
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(6) To emphasize material items, certain line items previously presented separately in prior periods have been aggregated into a single line item in this table. This includes interest-bearing demand, savings, and money market deposits. The presentation for the three and six months ended June 30, 2025 has been conformed accordingly for comparability.
(7) See Glossary of Terms and Definitions for definitions of financial terms.
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Exhibit 4 - Noninterest Income
    This table shows the amounts of each of the categories of noninterest income for the periods presented.
Three Months Ended Six Months Ended June 30,
June 30, 2026March 31, 2026June 30, 202520262025
(in thousands, except percentages)Amount % Amount % Amount%Amount%Amount%
Deposits and service fees$5,419 29.8 %$4,872 28.0 %$4,968 25.1 %$10,291 29.0 %$10,105 25.7 %
Brokerage, advisory and fiduciary activities5,630 31.0 %5,461 31.4 %4,993 25.2 %11,091 31.2 %9,722 24.7 %
Change in cash surrender value of bank owned life insurance (“BOLI”)(1)
2,629 14.5 %2,564 14.8 %2,490 12.6 %5,193 14.6 %4,940 12.6 %
Cards and trade finance servicing fees1,432 7.9 %1,439 8.3 %1,804 9.1 %2,871 8.1 %3,196 8.1 %
Gain on early extinguishment of FHLB advances, net54 0.3 %— — %— — %54 0.2 %— — %
Securities gains, net (2)
408 2.2 %516 3.0 %1,779 9.0 %924 2.6 %1,843 4.7 %
Loan-level derivative income (3)
1,174 6.5 %1,531 8.8 %3,204 16.2 %2,705 7.6 %4,712 12.0 %
Derivative losses, net (4)
— — %— — %(1,852)(9.4)%— — %(1,852)(4.7)%
Other noninterest income (5)
1,416 7.8 %998 5.7 %2,392 12.2 %2,414 6.7 %6,637 16.9 %
Total noninterest income$18,162 100.0 %$17,381 100.0 %$19,778 100.0 %$35,543 100.0 %$39,303 100.0 %
__________________
(1)    Changes in cash surrender value of BOLI are not taxable.
(2) In the three and six months ended June 30, 2026, includes realized gains on the sale of debt securities available for sale of $0.4 million and $0.9 million, respectively. In the three and six months ended June 30, 2025, amounts are primarily in connection with gains on market valuation of trading securities.
(3) Income from interest rate swaps and other derivative transactions with customers.
(4) In the three and six months ended June 30, 2025, includes net unrealized losses in connection with TBA MBS derivative contracts.
(5) Other sources of income in the periods shown include foreign currency exchange transactions with customers, mortgage banking income and loss and other smaller revenue streams.
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Exhibit 5 - Noninterest Expense

This table shows the amounts of each of the categories of noninterest expense for the periods presented.
Three Months EndedSix Months Ended June 30,
June 30, 2026March 31, 2026June 30, 202520262025
(in thousands, except percentages)Amount % Amount % Amount % Amount%Amount%
Salaries and employee benefits$35,446 51.5 %$32,040 47.9 %$36,036 48.4 %$67,486 49.7 %$69,383 47.5 %
Occupancy and equipment 4,995 7.3 %5,423 8.1 %5,491 7.4 %10,418 7.7 %11,627 8.0 %
Professional and other services fees
13,087 19.0 %11,416 17.1 %13,549 18.2 %24,503 18.0 %28,231 19.3 %
Telecommunications and data processing3,627 5.3 %3,537 5.3 %2,929 3.9 %7,164 5.3 %6,404 4.4 %
Depreciation and amortization1,472 2.1 %1,517 2.3 %1,551 2.1 %2,989 2.2 %3,139 2.2 %
FDIC assessments and insurance2,472 3.6 %2,850 4.3 %2,896 3.9 %5,322 3.9 %6,132 4.2 %
Losses on loans held for sale carried at the lower of cost or fair value, net (1)
1,118 1.6 %1,823 2.7 %— — %2,941 2.2 %— — %
Advertising expenses4,274 6.2 %2,939 4.4 %4,819 6.5 %7,213 5.3 %8,454 5.8 %
Other real estate owned and repossessed assets (income) expense, net(253)(0.4)%(232)(0.3)%601 0.8 %(485)(0.4)%765 0.5 %
Other operating expenses (2) (3)
2,639 3.8 %5,606 8.2 %6,528 8.8 %8,245 6.1 %11,819 8.1 %
Total noninterest expense
$68,877 100.0 %$66,919 100.0 %$74,400 100.0 %$135,796 100.0 %$145,954 100.0 %

___
(1) Includes losses on sale and valuation allowance provisions and releases on losses on loans held for sale.
(2) For a detailed discussion of the key components of other operating expenses, see the Company’s Form 10-K for the year ended December 31, 2025.
(3) Loan-level derivative expenses previously presented separately for the three months ended March 31, 2026, and the three and six-month periods ended June 30, 2025, have been reclassified and are now included in this category.


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Exhibit 6 - Consolidated Balance Sheets

(in thousands, except share data)June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025
Assets(audited)
Cash and due from banks and restricted cash
$41,042 $63,416 $53,478 $53,084 $56,381 
Interest earning deposits with banks260,090 117,997 409,444 570,612 573,373 
Other short-term investments— 7,294 7,233 7,162 7,083 
Cash and cash equivalents301,132 188,707 470,155 630,858 636,837 
Time deposits with other banks500 — — — — 
Securities
Debt securities available for sale, at fair value2,549,256 2,370,308 2,024,883 2,122,416 1,788,708 
Trading securities
— — — 119,935 120,226 
Equity securities with readily determinable fair value not held for trading 2,537 2,528 2,548 2,542 2,525 
Federal Reserve Bank and Federal Home Loan Bank stock56,625 58,048 57,138 62,808 59,429 
Securities2,608,418 2,430,884 2,084,569 2,307,701 1,970,888 
Loans held for sale, at the lower of cost or fair value (1)
122,172 190,014 80,912 — — 
Mortgage loans held for sale, at fair value389 895 2,932 — 6,073 
Loans held for investment, gross6,743,066 6,562,872 6,613,391 6,941,792 7,183,123 
Less: Allowance for credit losses (2)
85,499 79,236 79,276 94,918 86,519 
Loans held for investment, net6,657,567 6,483,636 6,534,115 6,846,874 7,096,604 
Bank owned life insurance265,362 263,208 260,644 258,042 255,487 
Deferred tax assets, net47,656 42,532 35,566 46,881 50,966 
Operating lease right-of-use assets107,522 108,980 110,588 102,872 102,558 
Accrued interest receivable and other assets
183,529 194,658 197,537 216,971 215,265 
Total assets$10,294,247 $9,903,514 $9,777,018 $10,410,199 $10,334,678 
Liabilities and Stockholders' Equity
Deposits
Demand
Noninterest bearing$1,708,111 $1,466,670 $1,573,301 $1,768,764 $1,706,580 
Interest bearing demand, savings and money market 4,736,160 4,425,019 4,217,594 4,434,274 4,437,045 
Time1,911,037 2,047,412 1,996,039 2,097,931 2,162,919 
Total deposits8,355,308 7,939,101 7,786,934 8,300,969 8,306,544 
Advances from the Federal Home Loan Bank 702,608 732,263 711,984 831,699 765,000 
Subordinated notes29,880 29,837 29,795 29,752 29,710 
Junior subordinated debentures held by trust subsidiaries64,178 64,178 64,178 64,178 64,178 
Operating lease liabilities (3)
115,310 116,456 117,456 109,726 109,226 
Accounts payable, accrued liabilities and other liabilities
112,594 107,761 127,869 128,935 135,734 
Total liabilities9,379,878 8,989,596 8,838,216 9,465,259 9,410,392 
Stockholders’ equity
Class A common stock3,917 3,978 4,058 4,125 4,173 
Additional paid in capital283,037 297,503 316,067 327,205 336,021 
Retained earnings651,145 633,716 619,552 620,542 609,540 
Accumulated other comprehensive loss(23,730)(21,279)(875)(6,932)(25,448)
Total stockholders' equity914,369 913,918 938,802 944,940 924,286 
Total liabilities and stockholders' equity$10,294,247 $9,903,514 $9,777,018 $10,410,199 $10,334,678 

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__________
(1) As of June 30, 2026, March 31, 2026 and December 31, 2025, includes valuation allowances of $2.7 million, $3.4 million and $13.8 million, respectively.
(2) 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 second and first quarters of 2026, the Company recorded an allowance for credit losses of $1.9 million and $0.5 million, respectively, on approximately $149.5 million and $36.8 million of acquired loans, respectively, with no day 1 impact to earnings.
(3) Consists of total long-term lease liabilities. Total short-term lease liabilities are included in other liabilities.


Exhibit 7 - Loans
Loans by Type - Held For Investment

The loan portfolio held for investment consists of the following loan classes:

(in thousands)June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
Real estate loans(audited)
Commercial real estate
Non-owner occupied$1,526,962 $1,501,909 $1,591,861 $1,656,180 $1,770,403 
Multi-family residential234,116 261,332 322,447 361,650 371,692 
Land development and construction loans512,272 505,007 534,028 544,727 543,697 
2,273,350 2,268,248 2,448,336 2,562,557 2,685,792 
Single-family residential1,954,193 1,680,768 1,515,181 1,550,724 1,542,447 
Owner occupied732,190 790,445 809,336 900,596 983,090 
4,959,733 4,739,461 4,772,853 5,013,877 5,211,329 
Commercial loans1,488,182 1,485,438 1,446,406 1,519,778 1,566,420 
Loans to financial institutions and acceptances85,492 112,667 148,602 164,974 156,918 
Consumer loans and overdrafts
209,659 225,306 245,530 243,163 248,456 
Total loans$6,743,066 $6,562,872 $6,613,391 $6,941,792 $7,183,123 
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Loans by Type - Held For Sale

The loan portfolio held for sale consists of the following loan classes:


(in thousands)June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025
Loans held for sale at the lower of fair value or cost(audited)
Real estate loans
Commercial real estate
Non-owner occupied$63,296 $63,908 $43,406 $— $— 
Multi-family residential22,722 60,794 — — — 
Land development and construction loans23,639 52,613 22,339 — — 
109,657 177,315 65,745 — — 
Owner occupied12,515 12,699 15,167 — — 
122,172 190,014 80,912 — — 
Total loans held for sale at the lower of fair value or cost
122,172 190,014 80,912 — — 
Mortgage loans held for sale at fair value
Land development and construction loans— — — — 2,056 
Single-family residential389 895 2,932 — 4,017 
Total mortgage loans held for sale at fair value
389 895 2,932 — 6,073 
Total loans held for sale$122,561 $190,909 $83,844 $— $6,073 


18
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Non-Performing Assets

This table shows a summary of our non-performing assets by loan class, which includes non-performing loans, other real estate owned, or OREO, and other repossessed assets at the dates presented. Non-performing loans consist of (i) nonaccrual loans, and (ii) accruing loans 90 days or more contractually past due as to interest or principal.
(in thousands)June 30,
2026		March 31, 2026December 31,
2025		September 30, 2025June 30, 2025
Non-Accrual Loans(audited)
Real Estate Loans
Commercial real estate (CRE)
Non-owner occupied$9,386 $11,172 $4,288 $4,374 $1,022 
Multi-family residential429 — — 7,018 — 
Land development and construction loans (1)
— — 16,200 19,577 — 
9,815 11,172 20,488 30,969 1,022 
Single-family residential31,180 27,346 26,082 8,838 7,421 
Owner occupied40,506 40,745 28,733 15,287 21,027 
81,501 79,263 75,303 55,094 29,470 
Commercial loans 79,020 85,481 83,761 67,081 51,157 
Consumer loans and overdrafts8,317 8,969 9,204 725 666 
Total Non-Accrual Loans (1)
$168,838 $173,713 $168,268 $122,900 $81,293 
Past Due Accruing Loans
Real Estate Loans
Single-family residential— — — — — 
Owner occupied— — 730 — — 
Commercial2,252 2,337 2,372 1,392 1,192 
Consumer loans and overdrafts— — — — — 
Total Past Due Accruing Loans (2)
$2,252 $2,337 $3,102 $1,392 $1,192 
Total Non-Performing Loans171,090 176,050 171,370 124,292 82,485 
Other Real Estate Owned15,542 15,542 15,542 15,606 15,389 
Total Non-Performing Assets (1)
$186,632 $191,592 $186,912 $139,898 $97,874 
    
__________________

(1) At December 31, 2025, balances included $16.2 million in land development and construction loans held for sale, which were sold in January 2026. There were no loans both classified as held for sale and in non-performing status in any of the other periods shown.
(2)    Loans past due 90 days or more but still accruing.

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Loans by Credit Quality Indicators

This table shows the Company’s loans by credit quality indicators. The Company has not purchased credit-deteriorated loans.
June 30, 2026March 31, 2026June 30, 2025
(in thousands)Special MentionSubstandardDoubtfulTotal (1)Special MentionSubstandardDoubtfulTotal (1)Special MentionSubstandardDoubtfulTotal (1)
Loans held for investment
Real Estate Loans
Commercial Real
Estate (CRE)
Non-owner
occupied		$67,222 $25,211 $— $92,433 $51,392 $32,416 $— $83,808 $44,084 $55,382 $— $99,466 
Multi-family residential— 429 — 429 — 22,457 — 22,457 — 8,284 — 8,284 
Land development
and
construction
 loans		35,939 — — 35,939 34,590 2,748 — 37,338 26,574 — — 26,574 
103,161 25,640 — 128,801 85,982 57,621 — 143,603 70,658 63,666 — 134,324 
Single-family residential— 31,229 — 31,229 — 43,985 43,985 — 7,297 — 7,297 
Owner occupied4,985 77,964 — 82,949 — 72,432 — 72,432 21,076 61,590 — 82,666 
108,146 134,833 — 242,979 85,982 174,038 — 260,020 91,734 132,553 — 224,287 
Commercial loans1,634 95,741 — 97,375 2,387 102,039 — 104,426 41,025 82,213 — 123,238 
Loans to financial institutions and acceptances— 34,210 — 34,210 — 35,210 — 35,210 — — — — 
Consumer loans and
overdrafts		— 8,317 — 8,317 — 8,969 — 8,969 — 666 666 
Total loans held for investment109,780 273,101 — 382,881 88,369 320,256 — 408,625 132,759 215,432 — 348,191 
Loans held for sale at the lower of cost or fair value
Multi-family residential— — — — 30,920 — — 30,920 — — — — 
Land development and construction loans— — — — 28,952 — — 28,952 — — — — 
Total loans held for sale
— — — — 59,872 — — 59,872 — — — — 
Total$109,780 $273,101 $— $382,881 $148,241 $320,256 $— $468,497 $132,759 $215,432 $— $348,191 
__________
(1) There were no loans categorized as “loss” as of the dates presented.




20
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Exhibit 8 - Deposits by Country of Domicile
This table shows the Company’s deposits by country of domicile of the depositor as of the dates presented.
(in thousands)June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025		June 30,
2025
(audited)
Domestic$5,133,588 $5,228,588 $5,168,371 $5,732,799 $5,707,272 
Foreign:
Venezuela2,491,875 2,005,521 1,910,980 1,881,871 1,897,631 
Others729,845 704,992 707,583 686,299 701,641 
Total foreign3,221,720 2,710,513 2,618,563 2,568,170 2,599,272 
Total deposits$8,355,308 $7,939,101 $7,786,934 $8,300,969 $8,306,544 

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Glossary of Terms and Definitions
•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.
•Common equity tier 1 capital ratio, CET1: Tier 1 capital divided by total risk-weighted assets.
•Core deposits: consist of total deposits excluding all time deposits.
•Cost of total deposits: calculated based upon the average balance of total noninterest bearing and interest bearing deposits, which includes time deposits.
•Efficiency ratio: total noninterest expense divided by the sum of noninterest income and NII.
•FTEs: full-time equivalent employees
•Loans to Deposits ratio: calculated as the ratio of total gross loans divided by total deposits.
•Net interest margin, or NIM: defined as net interest income, or NII, divided by average interest-earning assets, which are loans, securities, deposits with banks and other financial assets which yield interest or similar income.
•Non-performing assets include all accruing loans past due by 90 days or more, all nonaccrual loans and other real estate owned (“OREO”) properties acquired through or in lieu of foreclosure, and other repossessed assets.
•Non-performing loans include all accruing loans past due by 90 days or more and all nonaccrual loans.
•Other operating expenses: total noninterest expense less salary and employee benefits.
•Ratio for net charge-offs/average total loans held for investments: calculated based upon the average daily balance of outstanding loan principal balance net of unamortized deferred loan origination fees and costs, excluding the allowance for credit losses.
•ROA is calculated based upon the average daily balance of total assets.
•ROE is calculated based upon the average daily balance of stockholders’ equity.
•Tangible common equity ratio: calculated as the ratio of common equity less goodwill and other intangibles divided by total assets less goodwill and other intangible assets. Other intangible assets primarily consist of naming rights and mortgage servicing rights and are included in other assets in the Company’s consolidated balance sheets.
•The terms of the FHLB advance agreements require the Bank to maintain certain investment securities or loans as collateral for these advances.
•Tier 1 capital: Tier 1 capital is composed of Common Equity Tier 1 (CET1) capital plus outstanding qualifying trust preferred securities of $62.3 million at each of all the dates presented.
•Tier 1 leverage ratio: Tier 1 capital divided by quarter to date average assets.
•Total capital ratio: total stockholders’ equity divided by total risk-weighted assets, calculated according to the standardized regulatory capital ratio calculations.
•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 nonrefundable 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.
•Total revenue is the result of net interest income before provision for credit losses plus noninterest income.

22
Second Quarter Earnings Presentation July 24, 2026

 

2 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 include but are not limited to: our future operating or financial performance, including revenues, expenses, expense savings, income or loss and earnings or loss per share, and other financial items; statements regarding expectations, plans or objectives for future operations, products or services, and our expectations on loan recoveries, or reaching positive resolutions on problem loans, or significantly reducing special mention and/or non-performing loans. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target,” “goals,” “outlook,” “modeled,” “dedicated,” “create,” and other similar words and expressions of the future. Forward-looking statements, including those relating to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the Company’s actual results, performance, achievements, or financial condition to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in “Risk factors” in our annual report on Form 10-K for the fiscal year ended December 31, 2025 filed on February 27, 2026, in our quarterly report on Form 10-Q for the quarter ended March 31, 2026, filed on May 1, 2026, and in our other filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website www.sec.gov. Interim Financial Information Unaudited financial information as of and for interim periods, including the three and six-month periods ended June 30, 2026 and 2025, and the three-month periods ended March 31, 2026, December 31, 2025 and September 30, 2025, may not reflect our results of operations for our fiscal year ending, or financial condition as of December 31, 2026, or any other period of time or date. Non-GAAP Financial Measures The Company supplements its financial results that are determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”) with non-GAAP financial measures, such as “pre-tax pre-provision net revenue (PPNR)”, "tangible common equity ratio", and “tangible stockholders’ equity (book value) per common share”. This supplemental information is not required by, or is not presented in accordance with GAAP. The Company refers to these financial measures and ratios as “non-GAAP financial measures”. We use certain non-GAAP financial measures, including those mentioned above, both to explain our results to shareholders and the investment community and in the internal evaluation and management of our business. Management believes that these supplementary non-GAAP financial measures and the information they provide are useful to investors since these measures permit investors to view our performance using the same tools that our management uses to evaluate our past performance and prospects for future performance. While we believe that these non-GAAP financial measures are useful in evaluating our performance, this information should be considered as supplemental and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies. Appendix 1 reconciles these non-GAAP financial measures to GAAP reported results. Beginning in the first quarter of 2026, the Company reviewed and updated its use of non-GAAP financial measures and now presents a limited set of metrics that management uses to evaluate performance and make operating decisions. As part of this update, the Company discontinued the presentation of “Core PPNR”, “core noninterest income”, “core noninterest expense”, “core net income”, “core earnings per share (basic and diluted)”, “core return on assets (Core ROA)”, “core return on equity (Core ROE)”, and “core efficiency ratio” as management determined these measures are no longer primary metrics used internally. This change does not reflect any change in the Company’s underlying business, operations, or GAAP financial results.

 

3 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 Opening Remarks 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

 

4 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

 

5 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.

 

6 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% • 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

 

7 $8,307 $8,301 $7,787 $7,939 $8,355 $4,429 $4,434 $4,218 $4,425 $4,736 $1,528 $1,548 $1,560 $1,499 $1,413 $644 $550 $436 $548 $498 $1,706 $1,769 $1,573 $1,467 $1,708 2.53% 2.41% 2.34% 2.31% 2.21% 2Q25 3Q25 4Q25 1Q26 2Q26 Deposit Composition Loan Composition (2) Transaction Deposits Customer CDs Brokered Deposits (1) Cost of Total Deposits ($ 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 transaction deposits. All other periods primarily consisted of time deposits. $7,189 $6,942 $6,697 $6,753 $6,866 $2,688 $2,563 $2,514 $2,446 $2,383 $1,723 $1,685 $1,595 $1,598 $1,574 $983 $901 $825 $803 $745 $1,546 $1,551 $1,518 $1,681 $1,954 $248 $243 $245 $225 $210 6.88% 6.93% 6.73% 6.38% 6.22% 2Q25 3Q25 4Q25 1Q26 2Q26 Consumer CRE Commercial and FI & Acceptances Owner Occupied Single Family Residential Average Loan Yield ($ in millions) (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.

 

8 $90.5 $94.2 $90.2 $80.3 $82.6 3.81% 3.92% 3.78% 3.55% 3.52% Net Interest Income NIM 2Q25 3Q25 4Q25 1Q26 2Q26 0 10 20 30 40 50 60 70 80 90 NII and NIM (%) 8 ($ 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 % 0.40 0.48 0.53 Cumulative Beta 4Q25 1Q26 2Q26 0.00 0.60 Net Interest Income and NIM Interest-Bearing Deposits Beta Evolution (1) Cost of Funds (1) Beta calculation does not include brokered deposits

 

9 Non-Performing Loans ($ in millions) $176.1 $30.7 $(5.5) $(13.1) $(17.0) $(0.1) $171.1 1Q26 Downgrades to NPLs Charge-offs Paydowns/Payoffs and Others Loans Sold Upgrades 2Q26 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.

 

10 Classified Loans $320.3 $22.1 $(5.5) $(24.3) $(39.5) $273.1 1Q26 Downgrades Charge-offs Paydowns/Payoffs Loans Sold 2Q26 ($ 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 types • The remaining loans were collectively evaluated for reserves

 

11 Special Mention Loans $148.2 $20.0 $(1.6) $(25.9) $(30.9) $109.8 1Q26 Downgrades to Special Mention Downgrades to Classified Paydown/ Payoffs Loans Sold 2Q26 ($ 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

 

12 NCOs and Allowance for Credit Losses $79.2 $(5.5) $4.1 $0.8 $2.2 $1.9 $2.8 $85.5 1Q26 Gross Charge-offs Recoveries Requirement for Charge- offs Specific Reserve Change Credit Quality and Macroeconomic Factor Updates Loan Growth 2Q26 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-to-Average Total Loans Ratio ($ in millions) 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% ($ in thousands) (% are annualized) (1) Includes ACL on purchased seasoned loans ("PSLs"). See Glossary for more details on the Company's early adoption of ASU 2025-08.

 

13 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

 

14 Path to 1% ROA 0.84% 1.00% 2Q26 Net Interest Income Operating Expense Reduction Other Income Tax Expense Provision for Credit Losses 4Q26 ~ 0.18% ~ 0.03% ~ 0.08% < 0.04% ~ 0.07% ~

 

15 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 Closing Remarks

 

Supplemental Information

 

17 93.7% 6.3% $1,789 $2,370 $2,549 4.88% 4.76% 4.84% AFS Trading Marketable Equity Securities Yield 2Q25 1Q26 2Q26 0 2,000 93.1% 6.9% Balances and Yields (1) Fixed vs. Floating (2) June 2026 Floating rate Fixed rate Available for Sale Securities by Type June 30, 2026 5.0 yrs Effective Duration ($ in millions) (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 4.7 yrs Effective Duration $60.6 $266.1 $71.5 $78.1 3Q26 4Q26 1Q27 2Q27 $0.0 $100.0 $200.0 $300.0 ($ in millions) Expected Prepayments & Maturities Expected Prepayments & Maturities (3) Maturing Yield % Investment Portfolio 4.82% 4.32% 4.93% 4.91% March 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. $2.5 $2.5 $2.5 $120.2

 

18 91.5% 91.5% 91.0% 89.8% 89.9% 3.0% 2.7% 2.8% 2.7% 2.6% 3.8% 4.0% 4.2% 5.4% 5.4% 1.7% 1.8% 2.0% 2.1% 2.1% South Florida New York Tampa Other 2Q25 3Q25 4Q25 1Q26 2Q26 Geographic Mix (Domestic) Geographic Mix (1) Loan Portfolio Geographic Mix (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. (2)

 

19 Loans Held for Investment Portfolio by Industry • 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 Highlights (1) 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 (2) Comprised mostly of construction and real estate related services and equipment rental and leasing activities. (3) Food wholesalers represented approximately 33%. (4) Gasoline stations represented approximately 36%. (5) Healthcare represented approximately 51%. (6) Restaurants and food services represented 65%. (7) 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. ($ in millions) Real Estate Non-Real Estate Total % Total Loans Financial Sector (1) $ 14 $ 275 $ 289 4.3 % Construction and Real Estate & Leasing: Commercial real estate loans 2,273 — 2,273 33.7 % Other real estate related services and equipment leasing (2) 163 79 242 3.6 % Total construction and real estate & leasing 2,437 79 2,516 37.3 % Manufacturing: Foodstuffs, Apparel 57 47 104 1.5 % 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 % Other Loans (7) 1,954 338 2,292 34.0 % Total Loans $ 4,960 $ 1,783 $ 6,743 100.0 % June 30, 2026

 

20 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 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 Outstanding as of June 30, 2026 ($ in millions) 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. Total CRE Loans - Detail 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 Loans Held for Investment

 

21 22% 26% 32% 20% —% 50% or less 50- 60% 60- 70% 70- 80% 80% or more 0% 10% 20% 30% 40% 50% 60% • 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 CRE Retail (1) Retail - LTV (2) Sporting & Recreational Goods; 49% Healthcare; 13% Pharma; 12% Auto; 26% CRE Retail - Single Tenant (1) (1) CRE retail loans held for investment above $3.0 million (2) LTV at origination Total: $552 million Loan Portfolio Percentage: 8.2% Total: $25 million Loan Portfolio Percentage: 0.4% Neighborhood Center; 32.0% Strip/Convenience; 34.0% Community Center; 19.0% Theme/Festival Center; 5.0% Single Tenant; 5.0% Retail Storefront; 2.0% Regional Center; 2.0% Others; 1.0% CRE Retail - Detail As of June 30, 2026 Weighted Average LTV: 59%

 

22 New York; 4% Texas; 14% Florida; 66% Other; 16.0% 16% 27% 49% 8% —% 50% or less 51-60% 61-70% 71-80% 81% or more 0% 10% 20% 30% 40% 50% 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% ◦ CRE Office (1) Office - LTV (2) (1) CRE office loans held for investment above $3 million (2) LTV at origination (3) DSCR based upon most recent borrower information Total: $445 million Loan Portfolio Percentage: 6.6% CRE Office - Detail As of June 30, 2026 Weighted Average LTV: 60%

 

23 $7,895 $7,854 $7,787 $8,355 $5,430 $5,278 $5,168 $5,133 $2,465 $2,576 $2,619 $3,222 Domestic Deposits International Deposits 2023 2024 2025 2Q26 ($ 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

 

24 <1 year; 63% 1-3 years; 2% 4-5 years; 2% 5+ years; 33% 335 340 343 346 350 353 354 -200 bps -100 bps -50 bps BASE +50 bps +100 bps +200 bps 0 200 400 As of June 30, 2026 Fixed 41% Adjustable 59% 24 By Interest TypeBy Rate Type By Repricing Term (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 Loan Portfolio Details Impact on NII from Interest Rate Change (1)(2) AFSChange from base ($ in M ill io n s) Fixed 41% UST 2% Prime 13% SOFR 44% 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% No Floor; 57% 0.5-2%; 3% 2-3.5%; 11% 3.5-5%; 6% 5-6.75%; 23% By Floors 2,693 2,649 2,605 2,549 2,488 2,423 2,290 -200 bps -100 bps -50 bps MV +50 bps +100 bps +200 bps ($ in M ill io n s) 5.7% 3.9% 2.2% 0% (2.4)% (4.9)% (10.2)% Expected pre-tax AOCL Improvement Change from MVNet Interest Income (33,211) (16,966) 2Q26 1Q27 (estimated) (40,000) (20,000) — approx. 49% improvement in AOCL Interest Rate Sensitivity

 

25 $19.8 $17.3 $22.0 $17.4 $18.2 $5.0 $5.1 $4.9 $4.9 $5.4 $5.0 $5.0 $5.3 $5.5 $5.6 $1.7 $1.2 $2.1 $0.5 $0.4 $6.7 $5.0 $8.4 $5.0 $5.6 $3.2 $2.4 $1.4 $1.5 $1.2 2Q25 3Q25 4Q25 1Q26 2Q26 -10 0 10 20 30 28% 72% 19% 81% 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 Management and Custody 2Q26 $(0.2) (1) Other noninterest income in 4Q25 includes $3.3 million gain on the sale and leaseback of two banking centers. $(1.4)$(1.9) $(0.1)

 

26 $83.4 $71.6 $74.4 $77.8 $106.8 66.9 68.9 $35.3 $33.3 $36.0 $35.1 $38.8 $32.0 $35.4 $48.1 $38.3 $38.4 $42.7 $68.0 $34.9 $33.5 698 726 692 704 694 699 704 Salaries and employee benefits Other operating expenses FTEs 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 0 30 60 90 120 ($ in millions, except for FTEs) Noninterest Expense Noninterest Expense Mix

 

27 Change in Diluted Earnings Per Common Share $0.44 $0.03 $(0.02) $0.01 $0.07 $0.53 1Q26 PPNR Income Tax Expense Impact of Repurchases Provision for Credit Losses 2Q26 $(0.10) $— $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 EPS Trend (1) Non-GAAP Financial Measure. See Appendix 1 for a reconciliation to GAAP. (1)

 

Appendices

 

29 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 (1) Includes provisions for credit losses on loans and provision for loan contingencies. (2) 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.

 

30 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 • 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 Glossary • 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

 

32Glossary (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.

 

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CONTACTS:
Investors
Laura Rossi
InvestorRelations@amerantbank.com
(305) 460-8728
Media
Alexis Dominguez
MediaRelations@amerantbank.com


AMERANT BANCORP INC. DECLARES DIVIDEND

CORAL GABLES, FLORIDA, July 23, 2026. Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today announced that, on July 22, 2026, the Company’s Board of Directors declared a cash dividend of $0.09 per-share of Amerant common stock. The dividend is payable on August 28, 2026, to shareholders of record at the close of business on August 14, 2026.

About Amerant Bancorp Inc. (NYSE: AMTB)
Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the “Bank”), as well as its other subsidiary, Amerant Investments, Inc. The Company provides individuals and businesses with deposit, credit and wealth management services. The Bank, which has operated for over 45 years, is headquartered in Florida and operates 23 banking centers – 21 in South Florida and 2 in Tampa, FL. For more information, visit investor.amerantbank.com
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