Overview

* Amerant Bancorp ( AMTB ) Q3 net income falls to $14.8 mln, EPS declines to $0.35 vs Q2

* Company reports higher provision for credit losses, focusing on asset quality over growth

* Company plans to resume share buybacks and implement expense reductions

Outlook

* Amerant anticipates loan growth in Q4 2025

* Company plans to resume share buybacks

* Amerant to implement new expense reductions

Result Drivers

* CREDIT LOSS PROVISION - Higher than expected provision for credit losses due to focus on asset quality, per CEO Jerry Plush

* LOAN REDUCTION - Total gross loans decreased by $247.4 mln, or 3.4%, reflecting a strategic focus on reducing non-performing loans

* INVESTMENT SECURITIES INCREASE - Investment securities rose by $336.8 mln, or 17.1%, indicating a shift in asset allocation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.35

Q3 Net $14.75

Income mln

Q3 Net $94.15

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Amerant Bancorp Inc ( AMTB ) is $24.00, about 27% above its October 27 closing price of $17.53

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)