v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Loans $ 103,449 $ 122,166 $ 206,123 $ 243,187
Investment securities 29,212 23,212 56,894 42,131
Interest earning deposits with banks and other interest income 3,000 5,717 5,661 12,185
Total interest income 135,661 151,095 268,678 297,503
Interest expense        
Interest bearing demand, savings and money market deposits 27,154 29,597 53,519 56,726
Time deposits 17,682 22,285 35,936 46,143
Advances from the Federal Home Loan Bank 6,935 7,230 13,781 14,430
Senior notes 0 78 0 1,020
Subordinated notes 362 361 723 722
Junior subordinated debentures 952 1,064 1,862 2,078
Securities sold under agreements to repurchase 1 1 1 1
Total interest expense 53,086 60,616 105,822 121,120
Net interest income 82,575 90,479 162,856 176,383
Provision for credit losses 4,750 6,060 12,550 24,506
Net interest income after provision for credit losses 77,825 84,419 150,306 151,877
Noninterest income        
Brokerage, advisory and fiduciary activities 5,630 4,993 11,091 9,722
Deposits and service fees 5,419 4,968 10,291 10,105
Change in cash surrender value of bank owned life insurance 2,629 2,490 5,193 4,940
Cards and trade finance servicing fees 1,432 1,804 2,871 3,196
Loan-level derivative income 1,174 3,204 2,705 4,712
Securities gains, net 408 1,779 924 1,843
Gain on early extinguishment of advances from the Federal Home Loan Bank, net 54 0 54 0
Derivative losses, net 0 (1,852) 0 (1,852)
Other noninterest income 1,416 2,392 2,414 6,637
Total noninterest income 18,162 19,778 35,543 39,303
Noninterest expense        
Salaries and employee benefits 35,446 36,036 67,486 69,383
Professional and other services fees 13,087 13,549 24,503 28,231
Occupancy and equipment 4,995 5,491 10,418 11,627
Advertising expenses 4,274 4,819 7,213 8,454
Telecommunication and data processing 3,627 2,929 7,164 6,404
FDIC assessments and insurance 2,472 2,896 5,322 6,132
Depreciation and amortization 1,472 1,551 2,989 3,139
Losses on loans held for sale carried at the lower of cost or fair value, net 1,118 0 2,941 0
Other real estate owned and repossessed assets (income) expense, net (253) 601 (485) 765
Other operating expenses 2,639 6,528 8,245 11,819
Total noninterest expenses 68,877 74,400 135,796 145,954
Income before income tax expense 27,110 29,797 50,053 45,226
Income tax expense (6,067) (6,795) (11,137) (10,266)
Net income attributable to Amerant Bancorp Inc. 21,043 23,002 38,916 34,960
Other comprehensive income, net of tax        
Net unrealized holding (losses) gains on debt securities available for sale arising during the period (2,737) 1,784 (22,756) 14,476
Net unrealized holding gains on cash flow hedges arising during the period 475 173 656 186
Reclassification adjustment for items included in net income (189) (131) (755) (304)
Other comprehensive (loss) income (2,451) 1,826 (22,855) 14,358
Comprehensive income $ 18,592 $ 24,828 $ 16,061 $ 49,318
Earnings Per Share (Note 13):        
Basic earnings per common share (in dollars per share) $ 0.54 $ 0.55 $ 0.98 $ 0.83
Diluted earnings per common share (in dollars per share) $ 0.53 $ 0.55 $ 0.97 $ 0.83