| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 97.66 | 7.4% |
| Total Income | 97.66 | 7.4% |
| Expenditure | 74.72 | 17.0% |
| PBT | 22.94 | 48.7% |
| Net Profit | 17.87 | 49.4% |
| OPM | 23.49% | 8.86pp |
| NPM | 18.30% | 6.96pp |
| EPS | 0.44 | 57.1% |
Amerant Bancorp Reports Q1 2026 Net Income of $17.9 Million
24 Apr 2026 · 24 Apr, 2:01 am
Summary
Amerant Bancorp Inc. reported a net income of $17.9 million for Q1 2026, a significant increase from the $2.7 million reported in Q4 2025. Earnings per diluted share rose to $0.44. The company saw increases in total assets, gross loans, and deposits. Noninterest expense decreased substantially, contributing to the improved financial performance. Carlos Iafigliola, SEVP and Interim CEO, noted that the results reflect continued momentum in executing their strategic plan, strengthening credit quality, and positioning the bank for sustainable, long-term growth.
Key Highlights
- 1
Amerant Bancorp reported net income attributable to the Company of $17.9 million in the first quarter of 2026.
- 2
Earnings per diluted share were $0.44 in the first quarter of 2026, compared to $0.07 in the fourth quarter of 2025.
- 3
Total assets increased by 1.3% to $9.9 billion compared to $9.8 billion.
- 4
Total gross loans increased by 0.8% to $6.8 billion compared to $6.7 billion.
- 5
Total deposits increased by 2.0% to $7.9 billion compared to $7.8 billion.
- 6
Pre-tax pre-provision net revenue was $30.7 million, up by $25.3 million, or 469.6%, compared to $5.4 million.
- 7
Noninterest expense decreased by 37.3% to $66.9 million from $106.8 million.
Management Comments
Carlos Iafigliola
Amerant's first quarter results reflect continued momentum in executing our strategic plan as we strengthen credit quality and position the bank for sustainable, long-term growth. During the quarter, we demonstrated proactive credit risk management, which led to balanced portfolio actions. We also continued to optimize our loan portfolio, including exiting certain large-exposure, out-of-footprint and criticized loans. In addition, we’ve maintained our focus on operational efficiency, delivering net income in line with our guidance, primarily driven by better than expected cost-savings and strong growth in lower-cost international deposits.
Carlos Iafigliola
We are keenly focused on the long-term health of the business and demonstrating our ongoing commitment to stability and predictability. With strong fundamentals, a clear path forward, and a highly capable team, we are confident in our ability to deliver sustainable value for our customers, communities, and shareholders.
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