Amerant Bancorp Inc. · NYSE:AMTB
Amerant Bancorp — Q3 2026 Earnings Presentation
33 slides from Amerant Bancorp's earnings presentation, Oct 23, 2026
Slide 1: Third Quarter Earnings Presentation
Third Quarter Earnings Presentation October 23, 2026
Slide 2: Important Notices and Disclaimers
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
Slide 3: Opening Remarks
Opening Remarks With a stronger foundation now in place, our focus is shifting toward enhancing franchise value and delivering sustainable returns for our shareholders. Asset quality reflects continued Continued disciplined expense Evaluated and prioritized Accelerated domestic loan portfolio de-ris
Slide 4: Key Financial Metrics (3Q26 vs 2Q26)
Key Financial Metrics (3Q26 vs 2Q26) Assets • Total assets were $10.2 billion, compared to $10.3 billion • Cash and cash equivalents and restricted cash were $361.5 million, compared to $301.1 million • Total investment securities were $2.2 billion, compared to $2.6 billion • Total gross loans were
Slide 5: Key Financial Metrics (3Q26 vs 2Q26)
Key Financial Metrics (3Q26 vs 2Q26) Income Statement • NII was $90.5 million, compared to $82.6 million • Provision for credit losses was $6.2 million, compared to $4.8 million • Noninterest income was $18.3 million, compared to $18.2 million • Noninterest expense was $69.1 million, compared to $68
Slide 6: Key Financial Metrics (3Q26 vs 2Q26)
Key Financial Metrics (3Q26 vs 2Q26) Capital • Total Capital Ratio was 14.48%, compared to 14.34% • CET1 was 12.07%, compared to 11.94% • TCE Ratio (1) (2) was 8.04%, compared to 8.69% Capital Management Actions • Paid quarterly cash dividend of $0.09 per common share on August 28, 2026 • Repurchase
Slide 7: Well Diversified Deposit & Loan Mix
Well Diversified Deposit & Loan Mix Deposit Composition Loan Composition (2) ($ in millions) ($ in millions) $8,301 $8,355 $8,246 $7,073 $7,939 $6,942 $6,866 $1,769 $7,787 $1,708 $6,697 $6,753 $210 $2,082 $243 $210 $1,467 $245 $225 $1,573 $1,551 $1,518 $1,681 $1,954 $2,160 $550 $498 $548 $436 $497 $
Slide 8: Net Interest Income and NIM
Net Interest Income and NIM 8 NII and NIM (%) ($ in millions) 90 80 $94.2 $90.2 $90.5 $80.3 $82.6 70 60 3.92% 50 3.78% 3.77% 40 3.55% 3.52% 30 20 10 0 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Income NIM Interest-Bearing Deposits Beta Evolution (1) Cost of Funds 0.48 0.60 0.40 3Q25 4Q25 1Q26 2Q26 3Q26 0
Slide 9: Drivers of Change in NIM
Drivers of Change in NIM 3.77% 3.52% 0.18% 0.06% 0.03% 0.02% (0.04)% 2Q26 Loans Additional Interest Securities Other Earning Cost of Funds 3Q26 Income from NPL Assets Exits 9
Slide 10: Non-Performing Loans
Non-Performing Loans Highlights NPAs were $159.5 million, which includes $149.5 million in NPLs and $10.0 million in OREO. As of 3Q26, the NPLs had the following composition: • $41.3 million had real estate collateral with a weighted avg. LTV of 73.9% • $19.7 million had other types of collateral •
Slide 11: Classified Loans
Classified Loans Highlights As of 3Q26 the Classified loans had the following composition: • $90.4 million had real estate collateral with a weighted avg. LTV of 68.4% • $81.1 million were cashflow-dependent loans • $17.2 million had other types of collateral • The remaining loans were collectively
Slide 12: Special Mention Loans
Special Mention Loans Highlights As of 3Q26 the Special Mention loans had the following composition: • $116.7 million had real estate collateral with a weighted avg. LTV of 58.4% • The remaining loans were smaller commercial loans ($ in millions) $120.7 $109.8 $11.3 $(0.4) 2Q26 Downgrades to Special
Slide 13: NCOs and Allowance for Credit Losses
NCOs and Allowance for Credit Losses ACL Roll-forward Allowance for Credit Losses ($ in millions) $94.8 $85.5 Balance Balance Portfolios Reserve Build (1) 2Q26 3Q26 ($ in thousands) $12.6 $1.9 $2.0 $0.6 $2.5 Real Estate $ 24,435 $ (2,291) $ 22,144 $(3.9) $(6.4) Commercial $ 37,859 $ 14,170 $ 52,029
Slide 14: Outlook
Outlook • Total loans projected to reach approximately $7.3 billion by 4Q26 • Total deposits projected to reach approximately $8.5 billion by 4Q26, primarily driven by low-cost international deposit growth • Net interest margin projected to be in the range of 3.65% - 3.70% in 4Q26 • Noninterest expe
Slide 15: Closing Remarks
Closing Remarks As we head into the final quarter of the year, we remain focused on executing against our strategic priorities with discipline and purpose to translate strategic progress into measurable financial results. • Sustaining loan growth momentum with a focus on risk-adjusted returns and ba
Slide 16: Supplemental Information
Supplemental Information
Slide 17: Investment Portfolio
Investment Portfolio Expected Prepayments & Maturities Balances and Yields (1) ($ in millions) ($ in millions) $75.0 $2.5 $2.5 $2.4 2,000 $58.4 $59.1 $119.9 $52.6 $54.8 $50.0 4.89% 4.84% 4.83% 4.85% 4.95% 4.94% 5.04% $25.0 $2,122 $2,549 $2,166 0 3Q25 2Q26 3Q26 $0.0 AFS Trading Marketable Equity Secu
Slide 18: Loan Portfolio Geographic Mix
Loan Portfolio Geographic Mix Geographic Mix (1)Geographic Mix (Domestic) 1.8% 2.0% 2.1% 2.1% 2.2% 4.0% 4.2% 5.4% 5.4% 5.3% 2.7% 2.8% 2.7% 2.6% 2.1% 91.5% 91.0% 89.8% 89.9% 90.4% 3Q25 4Q25 1Q26 2Q26 3Q26 South Florida New York Tampa Other (2) (1) 3Q26, 2Q26, 1Q26, and 4Q25 include both mortgage loan
Slide 19: Loans Held for Investment Portfolio by Industry
Loans Held for Investment Portfolio by Industry September 30, 2026 ($ in millions) Real Estate Non-Real Estate Total % Total Loans Highlights Financial Sector (1) $ 5 $ 246 $ 251 3.6 % • Diversified portfolio - highest Construction and Real Estate & Leasing: sector concentration, other than Commerci
Slide 20: Total CRE Loans - Detail
Total CRE Loans - Detail Outstanding as of September 30, 2026 ($ in millions) Loans Held for Investment CRE Type FL TX NY Other Total % Total CRE % Total Loans Income Land and (1) Producing (2) Construction Retail $ 492 $ 10 $ 44 $ 32 $ 578 26.4 % 8.3 % $ 578 $ — Multifamily 282 64 43 92 481 22.0 %
Slide 21: CRE Retail - Detail
CRE Retail - Detail As of September 30, 2026 Retail - LTV (2) CRE Retail (1) CRE Retail - Single Tenant (1) Others; 2% Regional Center; 2% 60% Retail Storefront; 3% Neighborhood Center; 33% Sporting & 50% Single Tenant; 4% Recreational Goods; 55% Auto; 30% 40% 32% Theme/Festival Center; 6% 30% 26% 2
Slide 22: CRE Office - Detail
CRE Office - Detail As of September 30, 2026 CRE Office (1) Office - LTV (2) Texas; 16% 60% New York; 5% 50% 39% Other; 18% 40% 32% 30% 20% 20% 9% 10% Florida; 61% —% 0% 50% or 51-60% 61-70% 71-80% 81% or less more Total: $388 million Weighted Average LTV: 57% Loan Portfolio Percentage: 5.6% CRE off
Slide 23: Domestic and International Deposit Details
Domestic and International Deposit Details (1) ($ in millions) $8,246 $7,895 $7,854 $7,787 $3,212 $2,465 $2,576 $2,619 $5,430 $5,278 $5,168 $5,034 2023 2024 2025 3Q26 Domestic Deposits International Deposits 61% of Total Deposits 39% of Total Deposits Avg. account balance (2): Avg. account balance(2
Slide 24: Interest Rate Sensitivity
Interest Rate Sensitivity 24 Impact on NII from Interest Rate Change (1)(2) Impact on AFS from Interest Rate Change (1) As of September 30, 2026 Expected pre-tax AOCL 0% 0.6% Improvement 400 (1.6)% (1.0)% (0.4)% 0.3% 0.3% 10.0% 5.6% — 2.9% 0% (2.9)% (5.9)% (11.8)% ($ in Millions) ($ in Millions) (12
Slide 25: Noninterest Income Mix
Noninterest Income Mix $(0.2) Noninterest Income Mix Assets Under Management and Custody ($ in millions) 30 3Q25 3Q26 $22.0 $1.4 19% 20 $17.3 $17.4 $18.2 $18.3 28% $2.4 $1.2 $0.5 $8.4 $1.5 $5.0 $5.0 $5.6 $5.9 $3.2B $3.4B $1.2 $2.1 $0.5 $0.4 10 $5.7 $5.3 $5.5 $5.6 $5.0 72% $4.9 $4.9 $6.2 81% $5.1 $5.
Slide 26: Noninterest Expense
Noninterest Expense Noninterest Expense Mix ($ in millions, except for FTEs) 120 $106.8 90 $77.8 $74.4 $71.6 $68.9 $69.1 $68.0 $66.9 60 $38.4 $42.7 $38.3 $33.5 $32.3 $34.9 $38.8 $36.8 30 $36.0 $35.1 $35.4 $33.3 $32.0 726 704 694 699 704 692 687 0 (1) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Salaries and e
Slide 27: EPS Trend
EPS Trend Change in Diluted Earnings Per Common Share $0.80 $0.60 $0.53 $0.40 $0.65 $0.20 $0.20 $— $(0.04) $(0.04) $(0.20) 2Q26 PPNR (1) Income Tax Expense Provision for Credit Losses 3Q26 and Other (1) Non-GAAP Financial Measure. See Appendix 1 for a reconciliation to GAAP. 27
Slide 28: Appendices
Appendices
Slide 29: Non-GAAP Financial Measures Reconciliations
Appendix 1 Non-GAAP Financial Measures Reconciliations The following table sets forth selected financial information derived from the Company’s interim unaudited and annual audited consolidated financial statements, adjusted for certain items, including the provision for credit losses, income taxes
Slide 30: Income Statement Highlights - 3Q26 vs 2Q26
Income Statement Highlights - 3Q26 vs 2Q26 ($ in thousands) 3Q26 2Q26 Change Total Interest Income Loans $ 109,086 $ 103,449 $ 5,637 Investment securities 29,861 29,212 649 Interest earning deposits with banks and other interest income 2,455 3,000 (545) Total Interest Expense Interest bearing demand
Slide 31: Glossary
Glossary 31 • ACL - Allowance for Credit Losses • MBS - Mortgage-Backed Security • AFS - Available for Sale • MV - Market Value • AOCL - Accumulated Other Comprehensive Loss • NCO - Net Charge-Offs • AUM - Assets Under Management • NII - Net Interest Income • CET1 - Common Equity Tier 1 capital rati
Slide 32: Glossary (cont'd)
Glossary (cont'd) 32 • 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. • Classified loans: consist of loans that have been adversel
Slide 33: AMERANT BANK Imagine tomorrow.
AMERANT BANK Imagine tomorrow.