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Highlights
- Net income of USD 14.8M, or USD 0.35 per diluted share.
- Total assets grew to USD 10.4B, while gross loans declined by 3.4%.
- Quarterly dividend of USD 0.09 per share declared, payable November 28, 2025.'/
Amerant Bancorp Inc. (NYSE:AMTB) reported net income of USD 14.8M for the third quarter of 2025, translating to USD 0.35 per diluted share, compared with USD 23.0M, or USD 0.55 per diluted share, in the second quarter of 2025.
Chairman and CEO Jerry Plush stated,
“While the Company continues to show strong pre-provision net revenue, our results this quarter show higher than expected provision for credit losses as we continued to proactively focus on addressing asset quality over growth this quarter. While we anticipate a return to loan growth during the fourth quarter, our primary focus is on reducing non-performing loans. We also intend to resume share buybacks under the existing authorization and implement a new series of expense reductions as key steps toward improving results.”
Balance Sheet and Lending Activity
As of September 30, 2025, total assets were USD 10.4B, up USD 75.5M (0.7%) from the previous quarter. Total gross loans stood at USD 6.9B, reflecting a 3.4% decline, while investment securities increased 17.1% to USD 2.3B.
Cash and cash equivalents totaled USD 630.9M, down 0.9%. Total deposits were USD 8.3B, slightly lower by 0.1%, as a decrease in brokered deposits was largely offset by customer deposit growth. Core deposits rose 1.0% to USD 6.2B, and advances from the FHLB climbed 8.7% to USD 831.7M.
The loan-to-deposit ratio improved to 83.6%, compared to 86.5% in the prior quarter.
Earnings and Margins
Net Interest Margin expanded to 3.92% from 3.81%, with an average loan yield of 6.93%. Net interest income rose 4.1% to USD 94.2M.
Pre-provision net revenue was USD 33.6M, a 6.3% decrease from USD 35.9M in Q2 2025. Core PPNR stood at USD 35.8M, down 3.7%. Non-interest income declined 12.6% to USD 17.3M, while non-interest expense increased 4.6% to USD 77.8M. The efficiency ratio rose to 69.84%.
The provision for credit losses grew to USD 14.6M, compared to USD 6.1M in Q2. As a result, ROA was 0.57%, and ROE was 6.21%, down from 0.90% and 10.06%, respectively, in the previous quarter.
Asset Quality
Non-performing assets totaled USD 139.9M, up 42.9% from USD 97.9M, including USD 124.3M in non-performing loans and USD 15.6M in OREO. The Allowance for Credit Losses increased 9.7% to USD 94.9M, driven by reserve adjustments.
Accumulated Other Comprehensive Loss improved to USD 6.9M, a 72.8% reduction from USD 25.4M.
Capital Management and Dividend
On October 22, 2025, Amerant’s Board of Directors declared a cash dividend of USD 0.09 per share, payable on November 28, 2025, to shareholders of record as of November 14, 2025.
About Amerant Bancorp Inc.
Amerant Bancorp Inc., headquartered in Coral Gables, Florida, operates through its subsidiaries Amerant Bank, N.A. and Amerant Investments, Inc. The company provides deposit, credit, and wealth management services across its network of 22 banking centers in Florida.
