Amerant Bancorp Inc. (AMTB) Form 10-Q — Nov 3, 2026
Amerant Bancorp reported Q3 2026 net income of $25.7 million, or $0.65 per diluted share, up 74.3% from $14.8 million ($0.35) in Q3 2025, driven by lower provision for credit losses ($6.2M, down 57.5%) and an 11.2% cut in noninterest expense. Credit quality improved sharply: classified loans fell 40% to $213.0 million and non-performing assets declined 14.7% to $159.5 million since year-end, while ROA reached 1.00% and the efficiency ratio improved to 63.5%. Net interest income still fell 3.9% YoY to $90.5 million with NIM compressing to 3.77% from 3.92%.
Key figures
- Eps
- 0.65
- Revenue
- Net interest income $90.5M (Q3 2026); $253.3M (9M 2026)
- Net Income
- 25716000
- Total Debt
- 715000000
- Total Assets
- 10211645000
- Cash Position
- 361470000
- Shares Outstanding
- 39127237
- Acl
- $94.8M
- Aum
- $3.4B (up 5.9%)
- Nim q3
- 3.77% (vs 3.92% Q3 2025)
- Roa q3
- 1.00%
- Roe q3
- 11.29%
- Provision q3
- $6.2M (down 57.5% YoY)
- Total deposits
- $8.2B (up 5.9% vs Dec 2025)
- Buyback program
- increased from $40M to $50M, extended to Dec 31, 2027
- Buybacks 9m 2026
- $37.1M (1,620,085 shares)
- Classified loans
- $213.0M (down 40.0%)
- Dividend per share
- $0.09 quarterly, payable Nov 27, 2026
- Q3 2025 net income
- $14.8M
- Efficiency ratio q3
- 63.5% (vs 69.8%)
- Ninemoth net income
- $64.6M (up 30.0% YoY)
- Non performing assets
- $159.5M (down 14.7% vs Dec 2025)
- Senior notes offering
- $50.0M at 7.00% coupon, maturity Sept 17, 2031
- Q3 noninterest expense
- $69.1M (down 11.2% YoY)
AI analysis
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