Quarterly ResultJul 23, 2026, 04:07 PM
Amerant Q2 Net Income $21.0M, EPS $0.53; Declares $0.09 Dividend
AI Summary
Amerant Bancorp Inc. reported strong second-quarter 2026 financial results, with net income attributable to the Company increasing to $21.0 million, or $0.53 per diluted share, compared to $17.9 million, or $0.44 per diluted share, in the first quarter of 2026. The company saw significant balance sheet growth, with total assets rising to $10.3 billion and total deposits to $8.4 billion, driven by a 9.4% increase in core deposits. Additionally, the Board of Directors declared a cash dividend of $0.09 per share, payable on August 28, 2026, and the company repurchased approximately $16.1 million in shares.
Key Highlights
- Net income attributable to the Company was $21.0 million in Q2 2026, up from $17.9 million in Q1 2026.
- Diluted earnings per share was $0.53 in Q2 2026, up from $0.44 in Q1 2026.
- Cash dividend of $0.09 per share declared, payable August 28, 2026.
- Total assets reached $10.3 billion, a 3.9% increase from $9.9 billion in Q1 2026.
- Total deposits were $8.4 billion, up 5.2% from $7.9 billion in Q1 2026.
- Core deposits grew 9.4% to $6.4 billion from $5.9 billion in Q1 2026.
- Provision for credit losses decreased 39.1% to $4.8 million from $7.8 million in Q1 2026.
- Repurchased 690,000 shares of Class A common stock for approximately $16.1 million.
Price Impact
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