Financial Performance - Net income attributable to Amerant Bancorp Inc. for Q1 2025 was $11,958 thousand, compared to $10,568 thousand in Q1 2024, reflecting an increase of 13.2%[12] - The company reported comprehensive income of $24,490 thousand for Q1 2025, significantly higher than $5,480 thousand in Q1 2024[14] - Basic earnings per share for Q1 2025 was $0.28, a decrease from $0.32 in Q1 2024[14] - Net income for the three months ended March 31, 2025, was $11,958,000, an increase of 13.2% compared to $10,568,000 for the same period in 2024[17] - The efficiency ratio improved to 67.9% in the three months ended March 31, 2025, compared to 72.0% in the same period of 2024[194] Asset and Deposit Growth - Total assets increased to $10,169,688 thousand as of March 31, 2025, up from $9,901,734 thousand at December 31, 2024, representing a growth of 2.7%[11] - Total deposits grew to $8,154,978 thousand as of March 31, 2025, up from $7,854,595 thousand at December 31, 2024, marking a 3.8% increase[11] - Total interest-earning assets rose to $9,294,146 thousand in Q1 2025, up from $8,942,043 thousand in Q1 2024, representing an increase of about 3.9%[205] Income and Interest Metrics - Net interest income for Q1 2025 was $85,904 thousand, an increase of 10.4% compared to $77,968 thousand in Q1 2024[12] - Noninterest income increased to $19,525 thousand in Q1 2025, compared to $14,488 thousand in Q1 2024, a growth of 35.0%[12] - The net interest margin improved to 3.75% in Q1 2025 from 3.51% in Q1 2024, showing an enhancement of 24 basis points[207] - The cost of total deposits decreased to 2.60% in Q1 2025 from 3.00% in Q1 2024, reflecting a reduction of 40 basis points[207] Credit Losses and Provisions - Provision for credit losses rose to $18,446 thousand in Q1 2025, up from $12,400 thousand in Q1 2024, indicating a 48.5% increase[12] - The allowance for credit losses increased to $98,266 thousand as of March 31, 2025, up from $84,963 thousand at December 31, 2024[11] - The provision for credit losses on loans for the three months ended March 31, 2025, was $17.196 million, which included $13.9 million for specific reserves and $4.7 million for macroeconomic model adjustments[70] Loan Portfolio and Quality - Total loans held for investment decreased to $7.16 billion as of March 31, 2025, from $7.23 billion at December 31, 2024, representing a decline of approximately 1%[54] - Total past due loans increased to $103.71 million as of March 31, 2025, compared to $55.94 million at December 31, 2024, indicating a significant rise in delinquency[59] - Nonaccrual loans totaled $89.99 million as of March 31, 2025, compared to $72.72 million at December 31, 2024, reflecting an increase of approximately 23.7%[60] - The Allowance for Credit Losses (ACL) increased by $13.3 million, or 15.7%, to $98.266 million as of March 31, 2025, compared to December 31, 2024[68] Strategic Initiatives and Changes - The company is in the process of dissolving its Cayman Bank subsidiary, expected to be completed in 2025[21] - In April 2025, the company announced a strategic transition to focus on in-footprint mortgage lending, planning to reduce FTE count from 77 to 20 within 120 days[156] - The company opened a new regional headquarters and banking center in West Palm Beach in April 2025, with additional locations planned in Miami Beach and downtown Tampa[155] Regulatory and Economic Environment - The company is subject to extensive regulation, which could limit activities and adversely affect earnings, alongside potential legal and regulatory changes impacting financial institutions[147] - The unemployment rate has slightly increased to just above 4%, with economists anticipating a potential recession in the latter half of 2025 due to tariff impacts[159][160] - The Federal Reserve has maintained steady interest rates despite inflation remaining above its 2% target, contributing to economic uncertainty[158]

aimintang/iStock via Getty Images US banks' credit quality outlooks dimmed in first quarter earnings calls after President Donald Trump's tariffs on US trading partners drove market volatility and greater economic uncertainty. Several US banks increased their credit loss reserves ...

Financial Data and Key Metrics Changes - Total assets increased to $10.2 billion from $9.9 billion in the previous quarter [9] - Total deposits rose by $300 million to $8.2 billion compared to $7.9 billion in the fourth quarter [11] - Diluted income per share decreased to $0.28 from $0.40 in the fourth quarter [12] - Net interest income was $85.9 million, down from $87.6 million in the previous quarter [14] - Provision for credit losses increased to $18.4 million from $9.9 million in the fourth quarter [15] - Efficiency ratio improved to 67.87% from 74.91% in the previous quarter [24] Business Line Data and Key Metrics Changes - Total gross loans decreased by $52 million to $7.2 billion, primarily due to increased prepayments [11] - Non-interest income was $19.5 million, including a net gain of $2.8 million from a loan sale [16] - Assets under management increased by $42 million to $2.93 billion [18] Market Data and Key Metrics Changes - The ratio of non-interest-bearing deposits to total deposits increased to 20.4% from 19.2% [23] - ROA and ROE decreased to 0.48% and 5.02% respectively, compared to 0.67% and 7.38% in the previous quarter [24] Company Strategy and Development Direction - The company is transitioning from a national mortgage business to a Florida-focused model to reduce capital requirements [21] - Strategic additions to the leadership team emphasize a robust risk management framework [39][40] - The company plans to open new regional offices in key Florida markets to support growth initiatives [53][54] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges but highlighted strong deposit growth and net interest income performance [7][8] - The company expects loan production growth in the 10% to 15% range by year-end, despite macroeconomic uncertainties [35] - Management remains focused on delivering improved growth and value to shareholders amid macroeconomic challenges [57] Other Important Information - The company paid a quarterly cash dividend of $0.09 per common share [18] - A strategic decision was made to reduce operating costs in the mortgage business, expecting savings of approximately $2.5 million per quarter starting in Q3 [22] Q&A Session Summary Question: Loan growth outlook and impacts of macro volatility - Management indicated a prudent approach to loan growth due to uncertainty, but remains optimistic about demand [61][62] Question: Asset quality and charge-off expectations - Charge-off levels are expected to rise slightly in Q2 but normalize thereafter, with a target of 1% ROA in the second half of the year [70][71] Question: Mortgage expense outlook and impact on bottom line - Expected expense savings from the mortgage business will drop to the bottom line [77] Question: Credit quality and special mention loans - Management noted that special mention loans increased due to updated financial information and proactive risk management [85][88] Question: Buyback strategy and appetite - The company has been active in buybacks under a 10b5-1 plan, with a focus on avoiding dilution [95][98] Question: Margin outlook and loan production yields - New loan production yields are expected to be in the range of 6.25% to 6.50%, with ongoing management of deposit costs [105][108]

Amerant Bancorp Inc. (AMTB) reported $105.43 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 14%. EPS of $0.24 for the same period compares to $0.32 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $102.39 million, representing a surprise of +2.97%. The company delivered an EPS surprise of -40.00%, with the consensus EPS estimate being $0.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Financial Performance - Net income for Q1 2025 was $12.0 million, or $0.28 per diluted share, down from $16.9 million, or $0.40 per diluted share in Q4 2024[1] - Core net income for the same period was $10,153 thousand, down from $21,160 thousand in the previous quarter, indicating a decline of 52%[20] - In Q1 2025, the net income attributable to Amerant Bancorp Inc. was $11.958 million, compared to $16.881 million in Q4 2024 and a loss of $48.164 million in Q3 2024[25] - Basic earnings per common share decreased to $0.28 in Q1 2025 from $0.40 in Q4 2024, a decline of 30%[18] Assets and Deposits - Total assets increased by $268.0 million, or 2.7%, to $10.2 billion compared to Q4 2024[2] - Total deposits rose by $300.4 million, or 3.8%, to $8.2 billion, with core deposits increasing by $372.9 million, or 6.6%, to $6.0 billion[2] - Total assets increased to $10,169,688 thousand as of March 31, 2025, compared to $9,901,734 thousand on December 31, 2024, reflecting a growth of 2.7%[18] - Total deposits increased to $8,154,978 thousand as of March 31, 2025, compared to $7,854,595 thousand on December 31, 2024, reflecting a growth of 3.8%[18] Non-Performing Assets and Credit Losses - Non-performing assets increased by $18.6 million, or 15.2%, to $140.8 million, with non-performing loans rising to $123.2 million[3] - The allowance for credit losses increased by $13.3 million, or 15.7%, to $98.3 million due to macroeconomic factors[3] - The provision for credit losses increased to $18,446 thousand in Q1 2025, compared to $9,910 thousand in Q4 2024, representing an increase of 86%[18] - Non-performing assets as a percentage of total assets rose to 1.38% as of March 31, 2025, up from 1.23% in the previous quarter[19] Revenue and Income Sources - Pre-provision net revenue (PPNR) was $33.9 million, up $5.9 million, or 21.3%, from Q4 2024[3] - Total noninterest income for Q1 2025 was $19.525 million, down from $23.684 million in Q4 2024[25] - The loan portfolio generated interest income of $121,021,000 for the three months ended March 31, 2025, with a yield of 6.84%[35] Efficiency and Ratios - The efficiency ratio improved to 67.9%, down from 74.9% in Q4 2024[3] - The efficiency ratio improved to 67.87% in Q1 2025, down from 74.91% in Q4 2024, indicating better cost management[19] - The Tier 1 capital ratio was reported at 11.84% as of March 31, 2025, slightly down from 11.95% in the previous quarter[19] - The tangible common equity ratio was 8.69% as of March 31, 2025, slightly down from 8.77% in the previous quarter[27] Stockholder Equity and Dividends - Stockholders' equity increased to $906,263,000 as of March 31, 2025, up from $890,467,000 at December 31, 2024, representing a growth of 1.0%[27] - The company declared a cash dividend of $0.09 per common share for the last four quarters, maintaining consistency[18] - The Company declared cash dividends of $0.09 per share, resulting in an aggregate payment of $3.8 million per quarter[5] Operational Changes - The Company plans to scale back its residential mortgage operations to focus on a Florida-centric business model[4] - As of March 31, 2025, the Company had 77 full-time equivalents (FTEs) for Amerant Mortgage, a decrease from 80 FTEs as of December 31, 2024[11] - The company reported $3.2 million in expenses related to Amerant Mortgage for the three months ended March 31, 2025[54] Share Repurchase and Offerings - The Company repurchased 215,427 shares of Class A common stock at a weighted average price of $23.21 per share, totaling approximately $5.0 million[4] - A public offering of 8,684,210 shares of Class A voting common stock was completed at a price of $19.00 per share on September 27, 2024[6]

Core Insights - Amerant Bank has opened a new banking center and regional headquarters in West Palm Beach, Florida, enhancing its market presence in Palm Beach County [1][4] - The new facility is located in CityPlace, an area with significant retail and residential development, indicating a strategic choice for expansion [2][3] - The bank aims to provide tailored financial services to individuals, businesses, and commercial clients, emphasizing relationship-based solutions [4][5] Company Overview - Amerant Bank is a subsidiary of Amerant Bancorp Inc. and has been serving clients in South Florida for over 40 years [6] - The bank has a commitment to community involvement and supports various non-profit organizations [6] - Amerant Bank has been recognized as a Most Loved Workplace® in 2022, 2023, and 2024 [6]

Jeffrey K. Tischler Amerant appoints Jeffrey K. Tischler as SEVP, Chief Credit Officer MIAMI, FL, March 17, 2025 (GLOBE NEWSWIRE) -- Amerant Bank, Florida’s bank of choice with a growing presence across South Florida, is pleased to announce the appointment of Jeffrey K. Tischler as SEVP, Chief Credit Officer. In this role, Tischler will oversee the bank’s Credit Services, Portfolio Management, and Credit Risk functions, ensuring strong credit quality, regulatory compliance, and strategic risk management ...

Adebayo to Participate in Amerant’s Marketing Initiatives Through Advertising, Social Media, and Community Engagement Bam Adebayo Bam Adebayo, Amerant's newest brand ambassador. MIAMI, FL, March 12, 2025 (GLOBE NEWSWIRE) -- Amerant Bank, Florida’s bank of choice with a growing presence across South Florida, is thrilled to announce Bam Adebayo as its newest brand ambassador. A three-time NBA All-Star and cornerstone of the Miami Heat, Adebayo’s partnership with Amerant strengthens the bank’s deep commitme ...

Financial Position and Assets - As of December 31, 2024, the company had net deferred tax assets (DTAs) with a book value of $53.5 million, based on a U.S. corporate income tax rate of 21%[289]. - The company anticipates that its total assets may exceed $10 billion in 2025, which would subject it to additional regulatory requirements[307]. - As of December 31, 2024, total earning assets amount to $9,255,505,000, with $5,653,575,000 maturing in less than one year[743]. - The company holds $7,124,310,000 in performing loans, with $4,700,832,000 maturing in less than one year[743]. - Interest-bearing liabilities total $7,248,485,000, with $6,038,970,000 maturing in less than one year[743]. - The company has $1,437,170,000 in debt available for sale, with $344,207,000 maturing in less than one year[743]. - Cash and cash equivalents stand at $590,359,000, with $520,863,000 maturing in less than one year[743]. - The company has $58,278,000 in Federal Reserve and FHLB stock, with $42,285,000 maturing in less than one year[743]. Regulatory and Compliance Risks - The company is subject to extensive regulation that could limit its activities and adversely affect its earnings, with compliance costs potentially impacting profitability[306]. - The company may incur additional costs and resource allocation to comply with potential changes in regulations under the new presidential administration[309]. - The company may face regulatory scrutiny regarding compliance with anti-money laundering laws, which could result in significant penalties[323]. - The company is required to meet capital adequacy and liquidity standards; failure to do so could adversely affect its financial condition and operations[317]. - The bank must maintain a capital conservation buffer of 2.5% and meet other regulatory capital ratios to avoid constraints on dividends and financial obligations[345]. Market and Economic Risks - The company is exposed to potential adverse effects from economic conditions, including downturns in the U.S. economy and market conditions, particularly in its primary markets of Miami-Dade, Broward, Palm Beach, and Hillsborough counties[302]. - The company faces risks related to market disruptions that could negatively impact loan performance and increase default rates, affecting its financial condition[303]. - The company anticipates that FDIC insurance premiums may increase significantly, which could reduce profitability and limit business opportunities[319]. - Changes in corporate tax rates could affect the value of the company's DTAs and may require a write-off of a portion of those assets[289]. Investment and Debt Management - The company has no limitations on incurring additional debt, which could increase financial obligations and risks associated with debt management[348]. - The company's ability to meet debt obligations depends on future operating performance and prevailing economic conditions, including inflation and interest rates[343]. - The company expects to redeem the senior notes by April 1, 2025, but the subordinated notes and debentures will remain outstanding[342]. - As of December 31, 2024, the company had $60.0 million in senior notes with a 5.75% coupon rate maturing on June 30, 2025, $30.0 million in subordinated notes at 4.25% due March 15, 2032, and $64.2 million in junior subordinated debentures[342]. Shareholder and Ownership Structure - The company’s executive officers and directors own approximately 36% of the outstanding shares, potentially exerting significant control over corporate matters[330]. - The company is authorized to issue up to 250 million shares of Class A common stock, which could lead to dilution of existing shareholders' equity interests[336]. Performance Metrics - The company reported a net interest income increase to approximately $361.0 million in December 31, 2024, up from $336.0 million in December 31, 2023, primarily due to higher interest income and a 1.9% increase in total assets[731]. - The sensitivity analysis indicated that a 200 basis point increase in interest rates would result in a $24,427 thousand (6.8%) increase in earnings for December 31, 2024[729]. - The economic value of equity (EVE) analysis showed a decrease of 13.61% with a 200 basis point increase in interest rates as of December 31, 2024[734]. - The average duration of the investment portfolio increased to 5.2 years as of December 31, 2024, compared to 5.0 years in 2023, mainly due to lower mortgage-backed securities prepayments[738]. - The company measures potential changes in the market price of its investment portfolio, with a 200 basis point increase in interest rates resulting in a market value decrease of $150,674 thousand as of December 31, 2024[737]. - The interest rate sensitivity gap is negative $385,395,000 for less than one year, indicating potential exposure to interest rate fluctuations[743]. - Cumulative interest rate sensitivity gap reaches $2,007,020,000, reflecting the company's long-term interest rate risk management[743]. - Earnings assets to interest-bearing liabilities ratio is 93.6% for less than one year, indicating a strong asset-liability management[743]. International Exposure - As of December 31, 2024, 24.1% of total deposits, amounting to $1.9 billion, were from residents of Venezuela, indicating significant exposure to international markets[325]. - The company’s total loan exposure to international markets was $40.7 million, or less than 1.5% of total loans, as of December 31, 2024[325]. Legal and Litigation Risks - The company faces risks of litigation and regulatory investigations that could lead to significant financial losses and harm to reputation[315]. - The company is subject to potential tax audits which may result in penalties or additional taxes, adversely impacting financial performance[313].

Financial Data and Key Metrics - Core business demonstrated strong performance in Q4 2024, with solid organic loan and deposit growth, and improvement in net interest income and net interest margin [5] Business Line Data and Key Metrics - No specific data provided for individual business lines [5] Market Data and Key Metrics - No specific data provided for individual markets [5] Company Strategy and Industry Competition - The company is transitioning from a multi-year transformation to focus on the execution and implementation of strategic growth plans [4] Management Commentary on Operating Environment and Future Outlook - Management acknowledged the hard work of the team throughout 2024 and expressed appreciation for their efforts [4] Other Important Information - Discussions on the call contain forward-looking statements and references to non-GAAP financial measures [3] Q&A Session - No Q&A session details provided in the content [1][2][3][4][5]