Amerant Bancorp Inc. reported a net income attributable to the company of $52.4 million for the year ended December 31, 2025, a significant increase of $68.2 million compared to a net loss of $15.8 million in 2024. This translates to $1.26 income per diluted share, compared to a loss of $0.44 per diluted share in the previous year. The improvement was primarily driven by higher noninterest income, increased net interest income, and a lower provision for credit losses, partially offset by higher noninterest expenses. Total assets stood at $9.8 billion at the end of 2025, a slight decrease of $124.7 million, or 1.3%, from $9.9 billion the year prior.
Net interest income for 2025 reached $360.7 million, a 10.7% increase of $34.7 million from $326.0 million in 2024. This growth was supported by a $353.4 million increase in the average balance of interest-earning assets, particularly in debt securities available for sale and deposits with banks, and a 44 basis point increase in the average yield on debt securities available for sale. The average yield on loans decreased to 6.85% in 2025 from 7.06% in 2024, while the average cost of total deposits decreased to 2.47% from 2.94% over the same period. The loan-to-deposit ratio was 86.0% at the end of 2025, compared to 92.6% at the end of 2024.
Noninterest income saw a substantial increase of $68.7 million, reaching $78.6 million in 2025, compared to $9.9 million in 2024. This surge was primarily due to higher securities gains, increased brokerage, advisory, and fiduciary fees, higher loan-level derivative income, and a greater change in the cash surrender value of bank-owned life insurance. However, noninterest expense also increased by $31.1 million, or 10.4%, to $330.6 million in 2025. This rise was mainly attributed to higher professional and other service fees, increased other operating expenses, and higher contract termination costs.
Key operational developments included the opening of a new regional office in West Palm Beach, FL, and a new banking center in Miami Beach, FL, and Tampa, FL. The company also continued its strategic shift in its mortgage business, transitioning from a national model to a Florida-focused approach, and expects to complete the wind-down of Amerant Mortgage during the first half of 2026. The company is also executing a plan for the dissolution of the Cayman Bank, expected to be completed in 2026 pending regulatory approval. As of December 31, 2025, non-performing assets totaled $186.9 million, representing 2.56% of total loans, compared to $122.2 million, or 1.43% of total loans, at the end of 2024. The company's Board of Directors authorized a new stock repurchase program for up to $40 million of its Class A common stock, effective until December 31, 2026.
About Amerant Bancorp Inc.
Amerant Bancorp Inc. is a Florida-based bank holding company providing comprehensive financial services including personal and commercial banking, mortgage lending, wealth management, investment advisory, and fiduciary services. Serving primarily South Florida and Tampa markets, it operates through Amerant Bank and subsidiaries. The company emphasizes relationship-driven banking, disciplined credit underwriting, diversified loan portfolios, and technology-enabled customer experiences to deliver tailored financial solutions to individuals, businesses, and high-net-worth clients.
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