Quarterly ResultJul 31, 2026, 05:18 PM
Amerant Bancorp YTD Net Income +11.3% to $38.9M; Assets Top $10.2B
AI Summary
Amerant Bancorp Inc. reported a year-to-date net income of $38.9 million, an 11.3% increase from the prior year, with basic EPS rising 18.1% to $0.98. For the second quarter, net income decreased slightly to $21.0 million, and basic EPS was $0.54. The company's total assets grew to $10.29 billion, and total deposits increased to $8.35 billion as of June 30, 2026.
Key Highlights
- Year-to-date net income increased 11.3% to $38.9 million.
- Year-to-date basic earnings per share rose 18.1% to $0.98.
- Total assets grew 5.3% to $10.29 billion as of June 30, 2026.
- Total deposits increased 7.3% to $8.35 billion as of June 30, 2026.
- Repurchased 1,549,493 Class A common shares for $35.1 million year-to-date.
- Declared a quarterly cash dividend of $0.09 per share.
- Loans held for investment, gross, increased 2.0% to $6.74 billion.
Price Impact
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