Amerant Bancorp Inc.

Listed Company

AMTBCIK 0001734342NYSELarge AcceleratedNational Commercial BanksFloridaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$52.42M

Total Assets

$9.78B

Equity

$938.80M

Shares Out

40.23M

Op. Cash Flow

$136.98M

Business

Amerant Bancorp Inc. is a bank holding company that provides commercial and retail banking and related financial services through its banking subsidiary and affiliates. It offers deposit accounts, commercial and consumer lending, mortgage origination and servicing, fiduciary and trust services, investment and brokerage services, wealth management, and treasury management solutions. Key operating subsidiaries include Amerant Bank, Amerant Investments (a broker-dealer and SEC-registered adviser), Amerant Mortgage, a REIT holding entity and a Cayman trust vehicle in dissolution. The company serves retail, commercial and select international customers primarily in South Florida and Tampa via a branch network, digital channels and a national mortgage channel.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	479	505	475	293	216
Investment securities	96	67	55	41	32
Interest earning deposits with banks and other interest income	22	23	18	4	247,000
Total interest income	597	596	549	339	248
Interest bearing demand, savings and money market deposits	114	125	105	—	—
Time deposits	87	106	79	22	24
Advances from the Federal Home Loan Bank	29	29	29	15	9
Senior notes	1	4	4	4	4
Subordinated notes	1	1	1	1	0
Junior subordinated debentures	4	4	4	3	2
Securities sold under agreements to repurchase	2,000	3,000	7,000	1,000	1,000
Total interest expense	237	270	222	72	—
Net interest income	361	326	326	267	205
Provision for credit losses	43	60	61	14	−17
Net interest income after provision for credit losses	318	265	265	253	222
Deposits and service fees	20	20	19	19	17
Brokerage, advisory and fiduciary activities	20	18	17	18	19
Gain on early extinguishment of advances from the Federal Home Loan Bank, net	12,000	2	40	11	−2
Loan level derivative income	8	7	5	10	4
Change in cash surrender value of bank owned life insurance	10	9	5	5	5
Cards and trade finance servicing fees	6	6	3	2	2
Derivative (losses) gains, net	−3	−196,000	28,000	455,000	0
Securities gains (losses), net	5	−77	−11	−4	4
Gain on sale of Houston Franchise	0	13	0	0	—
Other noninterest income	12	13	9	5	10
Total noninterest income	79	10	87	67	121
Salaries and employee benefits	143	137	134	124	118
Occupancy and equipment	23	27	28	27	20
Professional and other services fees	61	51	35	22	19
Telecommunication and data processing	13	12	15	15	15
Advertising expenses	16	14	13	12	3
Loan level derivative expense	4	2	2	8	815,000
Contract termination costs	7	0	2	7	0
FDIC assessments and insurance	11	12	11	7	6
Depreciation and amortization	7	7	7	6	7
Other real estate owned and repossessed assets expense, net	851,000	5	2	3	—
Losses on loans held for sale carried at the lower of cost or fair value	16	14	43	159,000	—
Other operating expenses	28	18	21	11	8
Total noninterest expenses	331	299	311	241	198
Income (loss) before income tax expense (benefit)	66	−24	41	79	144
Income tax (expense) benefit	−14	8	−11	−17	−34
Net income (loss) before attribution of noncontrolling interest	52	−16	31	62	110
Noncontrolling interest	0	0	−2	−1	−3
Net income (loss) attributable to Amerant Bancorp Inc.	52	−16	32	63	113
Net unrealized holding gains (losses) on debt securities available for sale arising during the period	41	−20	9	−97	−13
Net unrealized holding gains (losses) on cash flow hedges arising during the period	357,000	230,000	−15,000	220,000	137,000
Reclassification adjustment for items included in net income	−2	50	497,000	1	−4
Other comprehensive income	39	31	10	−96	−16
Comprehensive income	91	15	42	−33	96
Basic Earnings (loss) per common share (in dollars per share)	1.26	−0.44	0.97	1.87	3.04
Diluted Earnings (loss) per common share (in dollars per share)	1.26	−0.44	0.96	1.85	3.01

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks and restricted cash	53	64	47	19	34
Interest earning deposits with banks	409	520	243	229	241
Other short-term investments	7	7	6	0	—
Cash and cash equivalents	470	590	322	291	274
Debt securities available for sale	2,025	1,437	1,218	1,058	1,175
Equity securities with readily determinable fair value not held for trading	3	3	3	11	252,000
Federal Reserve Bank and Federal Home Loan Bank stock	57	58	50	56	47
Securities	2,085	1,498	1,497	1,367	1,341
Loans held for sale, at lower of cost or fair value	81	0	365	0	143
Mortgage loans held for sale, at fair value	3	43	26	62	15
Loans held for investment, gross	6,613	7,228	6,873	6,857	5,409
Less: allowance for credit losses	79	85	96	84	70
Loans held for investment, net	6,534	7,143	6,778	6,774	5,340
Bank owned life insurance	261	244	235	228	223
Deferred tax assets, net	36	54	56	49	11
Operating lease right-of-use assets	111	100	119	140	141
Goodwill	19	19	19	20	20
Accrued interest receivable and other assets	178	211	256	156	92
Total assets	9,777	9,902	9,716	9,128	7,638
Noninterest bearing demand	1,573	1,505	1,427	1,368	1,183
Interest bearing demand, savings and money market deposits	4,218	4,115	—	—	—
Time	1,996	2,234	2,297	1,728	1,338
Total deposits	7,787	7,855	7,895	7,044	5,631
Advances from the Federal Home Loan Bank	712	745	645	906	810
Senior notes	0	60	60	59	59
Subordinated notes	30	30	29	29	0
Junior subordinated debentures held by trust subsidiaries	64	64	64	64	64
Operating lease liabilities	117	106	123	140	137
Accounts payable, accrued liabilities and other liabilities	128	152	164	179	106
Total liabilities	8,838	9,011	8,980	8,422	6,807
Commitments and Contingencies (Note 19)	—	—	—	—	—
Class A common stock, $0.10 par value, 250 million shares authorized; 40,595,273 shares issued and outstanding (42,127,316 shares issued and outstanding at December 31, 2024)	4	4	3	3	4
Additional paid in capital	316	344	193	195	263
Retained earnings	620	582	611	590	553
Accumulated other comprehensive loss	−875,000	−40	−71	−81	15
Total stockholders' equity	939	890	736	706	832
Total liabilities and stockholders' equity	9,777	9,902	9,716	9,128	7,638

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net premium amortization on securities	2	5	5	9	13
Depreciation and amortization	7	7	7	6	7
Stock-based compensation expense	5	5	7	6	5
Loss on sale of repossessed assets	0	0	3	0	0
Impairment on investment carried at cost	0	0	2	0	0
Securities (gains),losses, net	−5	77	11	4	−4
Gain on sale of loans, net	−5	−8	−4	320,000	−4
Deferred taxes and others	6	165,000	−6	5	6
Proceeds from sales and repayments of mortgage loans originated for sale (at fair value)	144	381	287	143	21
Originations and purchases of mortgage loans originated for sale (at fair value)	−108	−419	−344	−287	−35
Accrued interest receivable and other assets	8	4	−34	−15	−4
Account payable, accrued liabilities and other liabilities	−21	−4	4	21	35
Net cash provided by operating activities	137	82	27	−49	67
Available for sale	−1,059	−736	−264	−267	−426
Trading Securities	−118	0	0	—	—
Federal Home Loan Bank and Federal Reserve Bank stock	−8	−51	−83	−38	−5
Equity securities with readily determinable fair value not held for trading	0	0	−3	−13	0
Purchases of investment securities	−1,186	−787	−350	−457	−531
Available for sale	524	694	104	246	446
Held to maturity	0	10	15	15	40
Trading	121	0	0	—	—
Federal Home Loan Bank and Federal Reserve Bank stock	10	43	88	30	22
Equity securities with readily determinable fair value not held for trading	0	0	11	252,000	23
Maturities, sales, calls and paydowns of investment securities	654	747	218	292	532
Proceeds from surrender of bank owned life insurance	0	63	0	0	—
Net decrease (increase) in loans	343	−1,063	−510	−1,312	93
Proceeds from loan portfolio sales	138	543	109	84	166
Purchase of bank owned life insurance	−7	0	−65	0	0
Net cash transferred on sale of Houston Franchise	0	−74	0	0	—
Purchases of premises and equipment and others	−8	−7	−11	−11	−7
Proceeds from sales of premises and equipment	14	205,000	535,000	0	28,000
Proceeds from sales of repossessed assets and other real estate owned	3	0	2	6	—
Cash paid in business acquisition, net	0	0	−2	0	−1
Proceeds from bank owned life insurance death benefit	0	1	0	0	—
Net cash used in investing activities	−48	−577	−607	−1,397	385
Net increase in demand, savings and money market accounts	171	257	282	1,023	603
Net (decrease) increase in time deposits	−238	271	569	390	−704
Proceeds from advances from the Federal Home Loan Bank	380	1,463	1,955	1,130	486
Repayments of advances from the Federal Home Loan Bank	−413	−1,361	−2,177	−1,024	−730
Redemption of senior notes	−60	0	0	—	—
Repurchase of common stock-Class A	−33	−8	−5	−72	−36
Dividends paid	−15	−13	−12	−12	0
Net proceeds from issuance of common stock	0	156	0	0	0
Disbursements arising from stock based compensation, net	−248,000	−2	−523,000	−1	−2
Net cash (used in) provided by financing activities	−209	763	611	1,463	−393
Net (decrease) increase in cash and cash equivalents and restricted cash	−120	268	31	16	60

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