v3.26.3
Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Loans $ 109,086 $ 121,414 $ 315,209 $ 364,601
Investment securities 29,861 26,737 86,755 68,868
Interest earning deposits with banks and other interest income 2,455 4,592 8,116 16,777
Total interest income 141,402 152,743 410,080 450,246
Interest expense        
Interest bearing demand, savings and money market deposits 26,548 28,900 80,067 85,626
Time deposits 16,834 20,950 52,770 67,093
Advances from the Federal Home Loan Bank 6,098 7,316 19,879 21,746
Senior notes 147 0 147 1,020
Subordinated notes 361 362 1,084 1,084
Junior subordinated debentures 950 1,063 2,812 3,141
Securities sold under agreements to repurchase 0 0 1 1
Total interest expense 50,938 58,591 156,760 179,711
Net interest income 90,464 94,152 253,320 270,535
Provision for credit losses 6,200 14,600 18,750 39,106
Net interest income after provision for credit losses 84,264 79,552 234,570 231,429
Noninterest income        
Deposits and service fees 6,184 5,056 16,475 15,161
Brokerage, advisory and fiduciary activities 5,746 4,995 16,837 14,717
Change in cash surrender value of bank owned life insurance 2,690 2,554 7,883 7,494
Cards and trade finance servicing fees 1,556 1,321 4,427 4,517
Gain on early extinguishment of advances from the Federal Home Loan Bank, net 621 0 675 0
Loan-level derivative income 536 2,372 3,241 7,084
Derivative losses, net 0 (1,383) 0 (3,235)
Securities (losses) gains, net (26) 1,203 898 3,046
Other noninterest income 1,032 1,173 3,446 7,810
Total noninterest income 18,339 17,291 53,882 56,594
Noninterest expense        
Salaries and employee benefits 36,895 35,094 104,381 104,477
Professional and other services fees 15,257 15,997 39,760 44,228
Occupancy and equipment 5,899 5,211 16,317 16,838
Telecommunication and data processing 3,428 3,155 10,592 9,559
FDIC assessments and insurance 2,701 2,549 8,023 8,681
Advertising expenses 2,378 3,987 9,591 12,441
Depreciation and amortization 1,397 1,487 4,386 4,626
(Reversals) losses on loans held for sale carried at the lower of cost or fair value, net (65) 881 2,876 881
Other real estate owned and repossessed assets (income) expense, net (1,308) 215 (1,793) 980
Other operating expenses 2,516 9,259 10,761 21,078
Total noninterest expenses 69,098 77,835 204,894 223,789
Income before income tax expense 33,505 19,008 83,558 64,234
Income tax expense (7,789) (4,252) (18,926) (14,518)
Net income attributable to Amerant Bancorp Inc. 25,716 14,756 64,632 49,716
Other comprehensive income, net of tax        
Net unrealized holding (losses) gains on debt securities available for sale arising during the period (93,473) 18,553 (116,229) 33,029
Net unrealized holding (losses) gains on cash flow hedges arising during the period (1,422) 82 (766) 268
Reclassification adjustment for items included in net income (248) (119) (1,003) (423)
Other comprehensive (loss) income (95,143) 18,516 (117,998) 32,874
Comprehensive (loss) income $ (69,427) $ 33,272 $ (53,366) $ 82,590
Earnings Per Share (Note 13):        
Basic earnings per common share (in dollars per share) $ 0.66 $ 0.35 $ 1.63 $ 1.19
Diluted earnings per common share (in dollars per share) $ 0.65 $ 0.35 $ 1.62 $ 1.19