Amerant Bancorp Inc. (NYSE: AMTB) reported financial results for the fiscal quarter ended September 30, 2026, in a Form 8-K filed on October 21, 2026. The company reported net income attributable to the company of $25.7 million for the third quarter of 2026, or $0.65 earnings per diluted share. This represents an increase compared to the second quarter of 2026, when net income was $21.0 million, or $0.53 earnings per diluted share.
Key financial metrics for the quarter included total assets of $10.2 billion, a decrease of $82.6 million from the previous quarter. Total gross loans increased by $207.8 million to $7.1 billion, while cash and cash equivalents rose by $60.3 million to $361.5 million. The company’s net interest margin expanded to 3.77% from 3.52% in the prior quarter. Return on average assets (ROA) was reported at 1.00%, and return on average equity (ROE) was 11.29%.
Asset quality metrics showed improvement, with total non-performing assets declining by $27.1 million to $159.5 million. The allowance for credit losses (ACL) was $94.8 million. The company also noted that pre-tax pre-provision net revenue (PPNR) increased by 24.6% to $39.7 million. In terms of funding, total deposits decreased by $109.6 million to $8.2 billion, while advances from the Federal Home Loan Bank increased by $12.4 million to $715.0 million.
In corporate actions, Amerant’s Board of Directors declared a cash dividend of $0.09 per share of Class A common stock, payable on November 27, 2026, to shareholders of record on November 13, 2026. Additionally, the Board approved an extension of the company’s share repurchase program from December 31, 2026, to December 31, 2027, and increased the amount available for repurchases to $50 million. The company also completed a registered offering of $50.0 million aggregate principal amount of 7.00% Senior Notes due 2031 on September 17, 2026.
Amerant will hold a live audio webcast on October 23, 2026, at 9:00 a.m. Eastern Time to discuss its financial results.
