Amerant Bancorp Inc. (AMTB) Form 8-K — Oct 22, 2026
Amerant Bancorp (NYSE: AMTB) reported third quarter 2026 net income of $25.7 million, or $0.65 per diluted share, up from $21.0 million and $0.53 in the second quarter, with net interest margin expanding to 3.77% from 3.52%. The Board more than doubled the share repurchase program to $50 million and extended it through December 31, 2027, while also declaring a $0.09 per-share dividend payable November 27, 2026. Asset quality improved materially — classified loans fell 22.0% to $213.0 million and non-performing assets dropped 14.5% to $159.5 million — though special mention loans ticked up 10.0% to $120.7 million.
Key figures
- Eps
- 0.65
- Revenue
- $108.8 million (NII $90.5M + noninterest income $18.3M)
- Guidance
- 4Q26: loans ~$7.3B, deposits ~$8.5B, NIM 3.65%-3.70%, noninterest expense ~$68M
- Net Income
- $25.7 million
- Total Assets
- $10.2 billion
- Cash Position
- $361.5 million
- Nim
- 3.77% vs 3.52% in 2Q26
- Npl
- $149.5 million, down 12.6% QoQ
- Roa
- 1.00%
- Roe
- 11.29%
- Cet1
- 12.07%
- Ppnr
- $39.7 million, up 24.6% QoQ
- Senior notes
- $50.0 million 7.00% Senior Notes due 2031 (Sept 17, 2026)
- Q3 repurchases
- 70,592 shares for ~$2.0 million at avg $28.47
- Buyback capacity
- $50 million (increased from ~$3 million available)
- Classified loans
- $213.0 million, down 22.0% QoQ
- Efficiency ratio
- 63.51% vs 68.37%
- Buyback extension
- December 31, 2027
- Dividend per share
- $0.09
AI analysis
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