Amerant Bancorp Inc - Class A
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −0.81%.
Did AMTB Beat Earnings? Q3 2025 Results
Amerant Bancorp delivered a sharply mixed third quarter of 2025, posting earnings that fell well short of Wall Street's expectations even as revenue held its ground. The South Florida-focused bank reported diluted EPS of $0.35, missing the $0.53 consensus estimate by 33.96%, as a surge in credit provisions more than doubled to $14.60 million from $6.06 million in Q2, reflecting a 42.9% quarter-over-quarter jump in non-performing assets to $139.90 million. Revenue of $111.44 million edged past the $110.20 million consensus by 1.12% and grew 9.1% year over year, supported by net interest margin expansion to 3.92%, though the bottom line absorbed the full force of deteriorating asset quality. The stock fell sharply in pre-market trading following the report. Total gross loans contracted 3.4% to $6.94 billion as management prioritized credit discipline over growth, a posture it expects to shift in Q4, guiding for roughly 2.5% loan growth, NIM near 3.75%, and core ROA improving to the mid-0.80% to low-0.90% range by year-end.
- Net interest margin expansion to 3.92% from 3.81% driven by lower deposit costs
- Net interest income increased 4.1% to $94.2 million
- Average cost of total deposits declined to 2.41% from 2.53%
- Core deposits grew 1.0% to $6.2 billion
- AUM increased 3.4% to $3.17 billion
- Cumulative interest-bearing deposit beta of 0.48
“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”
Amerant Bancorp CEO, on the earnings call
Forward Guidance & Outlook
For Q4 2025, the company projects loan growth of approximately 2.5% from Q3 2025 (~$175 million), including a portion via syndicated loans. Organic deposit growth is expected to be consistent with loan growth. Net interest margin is projected at approximately 3.75%. Non-interest income is expected between $17.5 million and $18.0 million. Core expenses are projected to decrease to $74-$75 million. Core ROA is projected between mid-0.80% and low-0.90% by the end of 2025. The company plans to resume share buybacks and implement new expense reduction initiatives. New branch openings are planned for Q4 2025 (Bay Harbor Islands, Key Biscayne expansion) and Q2 2026 (Central Ave St. Petersburg).
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Figures from SEC filings and company reports. Not investment advice.