Amerant Bancorp Inc.

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.

Amerant Investments, a subsidiary of Amerant Bank, announced the appointment of Ricardo Sucre as Head of International Wealth Management Business Development. Sucre brings over two decades of experience from leading financial institutions like Morgan Stanley and Bolton Global Capital. This strategic hire underscores Amerant's commitment to expanding its international wealth management platform, with Sucre tasked to grow the business, enhance client relationships, and attract experienced financial advisors.

Amerant Bancorp Inc. announced that Alberto Capriles, Senior Executive Vice President and Chief Risk Officer of the company and its subsidiary, Amerant Bank, N.A., plans to retire. His retirement will be effective upon the appointment of his successor. Following the successor's appointment, Mr. Capriles will remain employed for a period to assist with the transition.

Amerant Bancorp Inc. has finalized the compensation terms for Adrian Rodriguez, who was appointed Executive Vice President and Chief Operating Officer on May 26, 2026. The Compensation and Human Capital Committee approved an annual base salary of $415,000, with eligibility for short-term variable compensation and long-term incentive awards, both targeted at 60% of his base salary. Additionally, Mr. Rodriguez will receive a monthly car stipend.

Amerant Bancorp Inc. and its subsidiary, Amerant Bank, N.A., have appointed Adrian Rodriguez as Executive Vice President and Chief Operating Officer, effective May 26, 2026. Mr. Rodriguez had been serving as Interim Chief Operating Officer since November 2025. He brings over 13 years of banking management experience and played key roles in significant company initiatives, including the Houston franchise sale, core banking platform transition, and the company's IPO. The material terms of his compensation for this new role are yet to be determined and will be disclosed in a future amendment.

Amerant Bancorp Inc. announced the appointment of Carlos Iafigliola as its President and Chief Executive Officer, effective May 18, 2026. Mr. Iafigliola, who has been with the company for over 20 years, previously served as Interim CEO since November 2025, and held roles as Chief Operating Officer and Chief Financial Officer. The Board expressed full confidence in his ability to lead the company's strategic priorities and drive long-term value. His compensation terms for the new role are still pending determination.

Amerant Bancorp Inc. reported a significant increase in net income and diluted EPS for the first quarter of 2026, primarily driven by a substantial decrease in the provision for credit losses and lower noninterest expenses. The company also saw growth in total assets and deposits. However, net interest income and noninterest income both declined, and nonaccrual loans increased. The Board authorized a new $40 million stock repurchase program and declared a quarterly dividend of $0.09 per share.

Amerant Bancorp Inc. reported a significant increase in net income for Q1 2026, reaching $17.9 million, or $0.44 per diluted share, up from $2.7 million, or $0.07 per diluted share, in Q4 2025. Interim CEO Carlos Iafigliola highlighted continued momentum in executing their strategic plan, strengthening credit quality, and achieving operational efficiency through cost-savings and strong growth in lower-cost international deposits. The company emphasized its focus on long-term business health and delivering sustainable value.

Amerant Bancorp Inc. announced that Pamella J. Dana, a member of its Board of Directors, will not seek re-election at the upcoming 2026 Annual Meeting of Shareholders. Her decision was not a result of any disagreement with the company's operations, policies, or practices. Dr. Dana will continue to serve until her current term ends, after which the Board's size will decrease from 12 to 11 directors.