v3.25.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans $ 121,021 $ 122,705
Investment securities 18,919 16,091
Interest earning deposits with banks and other interest income 6,468 5,829
Total interest income 146,408 144,625
Interest expense    
Interest bearing demand deposits 10,454 17,736
Savings and money market deposits 16,675 14,861
Time deposits 23,858 26,124
Advances from the Federal Home Loan Bank 7,200 5,578
Senior notes 942 943
Subordinated notes 361 361
Junior subordinated debentures 1,014 1,054
Total interest expense 60,504 66,657
Net interest income 85,904 77,968
Provision for credit losses 18,446 12,400
Net interest income after provision for credit losses 67,458 65,568
Noninterest income    
Deposits and service fees 5,137 4,325
Brokerage, advisory and fiduciary activities 4,729 4,327
Loan-level derivative income 1,508 466
Change in cash surrender value of bank owned life insurance 2,450 2,342
Cards and trade finance servicing fees 1,392 1,223
Derivative losses, net 0 (152)
Securities gains (losses), net 64 (54)
Other noninterest income 4,245 2,011
Total noninterest income 19,525 14,488
Noninterest expense    
Salaries and employee benefits 33,347 32,958
Professional and other services fees 14,682 10,963
Occupancy and equipment 6,136 6,476
Telecommunication and data processing 3,475 3,533
Advertising expenses 3,635 3,078
FDIC assessments and insurance 3,236 3,008
Depreciation and amortization 1,588 1,477
Loan level derivative expense 360 4
Other real estate owned and repossessed assets expense (income), net 164 (354)
Other operating expenses 4,931 5,451
Total noninterest expenses 71,554 66,594
Income before income tax expense 15,429 13,462
Income tax expense (3,471) (2,894)
Net income attributable to Amerant Bancorp Inc. 11,958 10,568
Other comprehensive income (loss), net of tax    
Net unrealized holding gains (losses) on debt securities available for sale arising during the period 12,692 (5,104)
Net unrealized holding gains on cash flow hedges arising during the period 13 227
Reclassification adjustment for items included in net income (173) (211)
Other comprehensive income (loss) 12,532 (5,088)
Comprehensive income $ 24,490 $ 5,480
Earnings Per Share (Note 13):    
Basic earnings per common share (in dollars per share) $ 0.28 $ 0.32
Diluted earnings per common share (in dollars per share) $ 0.28 $ 0.31

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