v3.25.4
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income      
Loans $ 479,425 $ 505,484 $ 475,405
Investment securities 95,912 67,291 54,860
Interest earning deposits with banks and other interest income 22,091 22,814 18,314
Total interest income 597,428 595,589 548,579
Interest expense      
Interest bearing demand, savings and money market deposits 114,013 125,129 104,907
Time deposits 86,891 105,780 78,829
Advances from the Federal Home Loan Bank 29,264 29,303 28,816
Senior notes 1,020 3,767 3,766
Subordinated notes 1,445 1,444 1,445
Junior subordinated debentures 4,108 4,206 4,345
Securities sold under agreements to repurchase 2 3 7
Total interest expense 236,743 269,632 222,115
Net interest income 360,685 325,957 326,464
Provision for credit losses 42,596 60,460 61,277
Net interest income after provision for credit losses 318,089 265,497 265,187
Noninterest income      
Deposits and service fees 20,099 20,156 19,376
Brokerage, advisory and fiduciary activities 20,021 17,984 17,057
Gain on early extinguishment of advances from the Federal Home Loan Bank, net 12 1,617 40,084
Loan level derivative income 8,482 7,044 4,580
Change in cash surrender value of bank owned life insurance 10,096 9,280 5,173
Cards and trade finance servicing fees 6,022 5,514 3,067
Derivative (losses) gains, net (3,355) (196) 28
Securities gains (losses), net 5,100 (76,855) (10,989)
Gain on sale of Houston Franchise 0 12,636 0
Other noninterest income 12,136 12,729 9,120
Total noninterest income 78,613 9,909 87,496
Noninterest expense      
Salaries and employee benefits 143,234 137,082 133,506
Occupancy and equipment 22,647 27,127 27,843
Professional and other services fees 61,103 51,088 34,569
Telecommunication and data processing 13,128 12,223 15,485
Advertising expenses 15,983 14,492 12,811
Loan level derivative expense 4,226 2,420 1,910
Contract termination costs 7,483 0 1,550
FDIC assessments and insurance 11,427 11,575 10,601
Depreciation and amortization 6,686 6,600 6,842
Other real estate owned and repossessed assets expense, net 851 4,837 2,092
Losses on loans held for sale carried at the lower of cost or fair value 15,731 13,900 43,057
Other operating expenses 28,062 18,146 21,089
Total noninterest expenses 330,561 299,490 311,355
Income (loss) before income tax expense (benefit) 66,141 (24,084) 41,328
Income tax (expense) benefit (13,724) 8,332 (10,539)
Net income (loss) before attribution of noncontrolling interest 52,417 (15,752) 30,789
Noncontrolling interest 0 0 (1,701)
Net income (loss) attributable to Amerant Bancorp Inc. 52,417 (15,752) 32,490
Other comprehensive income, net of tax      
Net unrealized holding gains (losses) on debt securities available for sale arising during the period 40,825 (19,531) 9,357
Net unrealized holding gains (losses) on cash flow hedges arising during the period 357 230 (15)
Reclassification adjustment for items included in net income (2,251) 50,291 497
Other comprehensive income 38,931 30,990 9,839
Comprehensive income $ 91,348 $ 15,238 $ 42,329
Earnings (Loss) Per Share (Note 23)      
Basic Earnings (loss) per common share (in dollars per share) $ 1.26 $ (0.44) $ 0.97
Diluted Earnings (loss) per common share (in dollars per share) $ 1.26 $ (0.44) $ 0.96

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