Amerant Bancorp Q2 Net Income Rises, Core Deposits Jump 9.4%
AMTB sits 65% above its 52-week low of $15.62.
Summary
Amerant Bancorp reported Q2 net income of $21.04 million, or $0.53 per share, up from the prior quarter. Core deposits grew 9.4%, driven by non-interest bearing accounts, while credit quality improved through loan sales and payoffs that reduced classified and special mention loans. The bank repurchased 690,000 shares for $16.1 million and held its dividend at $0.09. This follows the strong Q1 earnings and the updated 2026 outlook released in May, showing continued execution on deposit growth and expense discipline. The results reinforce the positive trajectory, with shares trading near a 52-week high and a buy consensus from analysts.
At the time of this announcement, AMTB was trading at $25.85 on NYSE in the Finance sector, with a market capitalization of approximately $994.4M. The 52-week trading range was $15.62 to $26.66. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.