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Mar 31
Amerant Q1 2025 Earnings Report
Amerant reported a net income of $12.0 million for the first quarter of 2025, with diluted earnings per share of $0.28.
Key Takeaways
Amerant Bancorp Inc. reported a net income attributable to the Company of $12.0 million for the first quarter of 2025, or $0.28 income per diluted share. This is a decrease compared to the fourth quarter of 2024, which saw a net income of $16.9 million, or $0.40 income per diluted share. The company highlighted solid deposit growth and strong pre-provision net revenue, while loans remained relatively flat.
Net income attributable to the Company was $12.0 million, or $0.28 income per diluted share, in Q1 2025.
Total assets increased by $268.0 million, or 2.7%, to $10.2 billion compared to $9.9 billion in 4Q24.
Total deposits increased by $300.4 million, or 3.8%, to $8.2 billion compared to $7.9 billion in 4Q24.
Net Interest Margin (NIM) remained unchanged at 3.75% from 4Q24.
Amerant
Amerant
Amerant Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.comVenezuela Revenue
CapyFin.comOthers Revenue
CapyFin.com Forward Guidance
Amerant plans to scale back its residential mortgage operations from a national origination platform to a Florida-focused business model. Loan demand remains strong, but borrowers may adopt a cautious approach due to recent market volatility and uncertainty.
Positive Outlook
- Solid deposit growth observed in the first quarter.
- Strong pre-provision net revenue reported.
- Net interest income was higher than expected.
- Net interest margin was higher than expected.
- Prudent expense management exercised.
Challenges Ahead
- Loans were relatively flat quarter over quarter.
- Increased payoffs and paydowns offset production in the first quarter.
- Borrowers may take a cautious approach given recent market volatility.
- Uncertainty in the market may impact loan demand.
- Scaling back residential mortgage operations from national to Florida-focused.