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Amerant Bancorp

Amerant Bancorp (AMTB) Q1 2025 Earnings

Reported Apr 23, 2025 at 4:46 PM ET · SEC Source

Q1 25 EPS

$0.28

MISS 29.11%

Est. $0.40

Q1 25 Revenue

$105.4M

BEAT +3.53%

Est. $101.8M

vs S&P Since Q1 25

-4.7%

TRAILING MARKET

AMTB +33.4% vs S&P +38.1%

Market Reaction

Did AMTB Beat Earnings? Q1 2025 Results

Amerant Bancorp delivered a sharply mixed first quarter in 2025, posting earnings per diluted share of $0.28 against a consensus estimate of $0.40, a miss of 29.11%, even as revenue of $105.43 million edged past the $101.83 million estimate by 3.53%.… Read more Amerant Bancorp delivered a sharply mixed first quarter in 2025, posting earnings per diluted share of $0.28 against a consensus estimate of $0.40, a miss of 29.11%, even as revenue of $105.43 million edged past the $101.83 million estimate by 3.53%. The bottom-line shortfall, set against a revenue decline of 33.7% year over year, was driven largely by a near-doubling of the provision for credit losses to $18.45 million from $9.91 million in the prior quarter, as five commercial loans totaling $34.00 million were downgraded to substandard non-accrual status following review of borrowers' year-end financials. The earnings miss triggered a more than 13% drop in the company's share price and prompted multiple securities fraud investigations by law firms on behalf of investors. On a more constructive note, deposit growth was solid at 3.8% quarter over quarter, and the company is restructuring its Amerant Mortgage unit to a Florida-only model, targeting roughly $2.50 million in quarterly expense savings beginning in Q3 2025, with management guiding for net interest margin in the mid-3.60% range for the second quarter.

Key Takeaways

  • • Solid deposit growth of 3.8% QoQ with core deposits up 6.6%
  • • Stable net interest margin of 3.75%, unchanged from Q4 2024
  • • Average cost of total deposits declined to 2.60% from 2.77% in Q4 2024
  • • Non-interest expense down 14.2% QoQ to $71.6 million, improving efficiency ratio to 67.87%
  • • Pre-provision net revenue increased 21.3% QoQ to $33.9 million
  • • Higher provision for credit losses of $18.4 million due to macroeconomic environment and specific reserves on commercial credits
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AMTB YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

AMTB Revenue by Segment

Business unit performance breakdown

“Our results for the first quarter showed solid deposit growth as well as strong pre-provision net revenue, as net interest income and net interest margin were higher than expected. In addition, we exercised prudent expense management, even while continuing to execute on our strategy to add new locations and business development and risk management team members”

— Jerry Plush, Q1 2025 Earnings Press Release

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