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Amerant Bancorp

Amerant Bancorp (AMTB) Q4 2025 Earnings

Reported Jan 22, 2026 at 5:01 PM ET · SEC Source

Q4 25 EPS

$0.07

MISS 80.28%

Est. $0.36

Q4 25 Revenue

$112.2M

BEAT +5.32%

Est. $106.5M

vs S&P Since Q4 25

+4.3%

BEATING MARKET

AMTB +13.8% vs S&P +9.5%

Full Year 2025 Results

FY 25 EPS

$1.26

MISS 18.84%

Est. $1.55

FY 25 Revenue

$439.3M

BEAT +1.92%

Est. $431.0M

Market Reaction

Did AMTB Beat Earnings? Q4 2025 Results

Amerant Bancorp delivered a deeply disappointing fourth quarter, posting earnings of just $0.07 per diluted share against a consensus estimate of $0.36, an 80.56% miss, as a wave of strategic credit actions and non-core charges overwhelmed the Florid… Read more Amerant Bancorp delivered a deeply disappointing fourth quarter, posting earnings of just $0.07 per diluted share against a consensus estimate of $0.36, an 80.56% miss, as a wave of strategic credit actions and non-core charges overwhelmed the Florida-based bank's bottom line. Revenue fell 25.1% year over year to $112.17 million, with the quarter defined by $29.20 million in non-core noninterest expenses that included loan transfer losses, contract termination costs, and CEO transition-related separation charges. Non-performing assets surged 53% year over year to $186.91 million, or 1.91% of total assets, underscoring the asset quality deterioration that management is now racing to address. Stripping out the noise, core net income came in at $21.67 million, or $0.53 per diluted share, offering a cleaner picture of the franchise's underlying capacity. Looking ahead, management projects a net interest margin of 3.65-3.70% for 2026, with annualized loan growth of 7-9% and core expenses declining progressively through year-end, as a three-year strategic plan centered on credit transformation and operational efficiency takes hold. A director's open-market share purchase following the results signaled at least some confidence that the worst may be behind the company.

Key Takeaways

  • • Net interest margin of 3.78% supported by declining deposit costs (2.34% vs 2.41% QoQ)
  • • Non-core charges of $29.2 million including $14.9 million losses on loans held for sale, $7.5 million contract termination costs, and $3.8 million staff separation costs
  • • Elevated credit deterioration with classified loans up 46.7% QoQ to $354.8 million and non-performing loans up 37.9% QoQ to $171.4 million
  • • Net charge-offs of 1.07% annualized, up from 0.39% in Q3 2025
  • • Noninterest income increased 27.3% QoQ to $22.0 million, aided by $3.3 million gain on sale-leaseback of two banking centers
  • • AUM increased 2.8% QoQ to $3.3 billion

AMTB Forward Guidance & Outlook

For Q1 2026, loan balances are projected at similar levels to Q4 2025 as exits of credits offset loan production. Full-year 2026 annualized loan growth is estimated between 7-9%, with the higher end driven by funding of existing lines. Deposit growth is expected to match loan growth with continued focus on improving the ratio of noninterest-bearing to total deposits. Net interest margin is projected to be in the 3.65-3.70% range. Core noninterest expenses are projected at approximately $70-$71 million in the first half of 2026, progressively reducing to $67-$68 million by the end of the year. The company will continue execution of prudent capital management, balancing between retaining capital for growth and buybacks and dividends to enhance returns. Strategic priorities include advancing a high-quality loan pipeline, strengthening asset quality, executing cost-efficiency initiatives, deepening core deposit relationships, and maintaining strong capital and shareholder returns.

24/7 Wall St

AMTB YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

AMTB Revenue by Segment

Business unit performance breakdown

“Amerant's fourth quarter reflected our significant efforts to position the bank for long-term success. We incurred elevated non-interest expenses and experienced ongoing credit normalization, both driven by our strategic actions to address key credit matters, enhance our risk-selection processes, and improve organizational efficiencies. During this period, we updated our strategic plan to prioritize sustainable growth supported by disciplined credit management and maintained a strong funding mix, high liquidity levels, and a solid capital position. We believe our full-year results underscore the resilience of our franchise, highlighted by a healthy financial margin and solid core PPNR. As we enter 2026, our priorities are clear: strengthen asset quality, optimize our balance sheet and operational processes, and accelerate profitable growth. I am confident in our team's dedication and the fundamentals of our business model. We remain committed to delivering value to our customers, communities, and shareholders.”

— Carlos Iafigliola, Q4 2025 Earnings Press Release

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