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Jun 30, 2022
Amerant Q2 2022 Earnings Report
Reported net income of $7.7 million and core PPNR of $19.4 million, highlighted by asset and deposit growth, net interest margin expansion, and a significant reduction in non-performing loans.
Key Takeaways
Amerant Bancorp Inc. reported a net income attributable to the Company of $7.7 million in the second quarter of 2022. Core Pre-Provision Net Revenue (Core PPNR) grew to $19.4 million. Total assets increased to $8.2 billion and total deposits were $6.20 billion.
Net Interest Margin (NIM) increased to 3.28% in 2Q22 compared to 3.18% in 1Q22.
Total assets increased to $8.2 billion compared to $7.8 billion as of 1Q22.
Total deposits as of 2Q22 were $6.20 billion, up $511.2 million compared to 1Q22.
Reduced non-performing loans (NPL) to $25.2 million as of 2Q22 compared to $47.0 million as of 1Q22.
Amerant
Amerant
Forward Guidance
No specific forward guidance was provided in the text.