Mercantil Bank Holding . Class A Stock Earnings Reports

Amerant reported Q3 2025 results with solid core revenue but heightened credit stress that drove higher provisions and weighed on earnings. Net interest income rose to $94.2M and net interest margin remained strong at 3.92%. Loans declined 3.4% QoQ (driven by payoffs, asset-quality sales and prepayments) while investment securities increased to $2.3B. Core deposits grew, total deposits were stable, and brokered deposits were reduced to 6.6% of total deposits. Nonperforming assets rose to $140M (1.3% of assets) after extensive portfolio reviews (~$3.5B reviewed), leading to a $14.6M provision for credit losses and higher specific reserves; allowance for credit losses rose to 1.37% of loans and reserves/NPLs coverage fell to 0.77x. Capital remains solid (CET1 11.54%); the board declared a $0.09/share quarterly dividend and management plans to resume buybacks using the remaining ~$13M authorization. Management launched an expense-reduction program targeting $2M–$3M in savings per quarter starting in 2026 (baseline) and expects Q4 expenses of $74M–$75M. Guidance: Q4 net loan growth of $125M–$175M (includes $150M pipeline from newly launched syndication program), NIM ~3.75%, noninterest income ~$17.5M–$18M, core ROA mid-80s to low-90s bps (potential to approach 1% with recoveries). Leadership moves include appointing Mike Nursey as Head of Commercial Banking and adding Angel Medina in Miami. Management emphasized asset-quality remediation as top priority and will provide a mid-quarter investor update ahead of Piper Sandler in mid-November.