Mercantil Bank Holding . Class A Stock Earnings Reports

Amerant reported Q1 2026 results showing measurable progress on its three strategic priorities: stabilizing the business, optimizing the credit portfolio and growing sustainably. Management executed credit remediation actions begun in Q4 2025 (downgrades, exits, transfers to held-for-sale) and put in place stronger portfolio-management controls and staffing to improve risk identification and monitoring. Financial highlights: diluted EPS $0.44; net interest income $80.3M (down vs. Q4 due to rate cuts and asset mix); provision for credit losses $7.8M; noninterest expense sharply lower at $66.9M (a step-down driving ~ $30M of annualized cost savings for 2026); pretax pre-provision net revenue improved materially and efficiency ratio improved to ~68.5%. Asset and funding trends: total assets $9.9B, gross loans $6.8B, deposits $7.9B (international deposit growth of $188M in the quarter, including $95M from Venezuela). Credit metrics: NPLs $176.1M (1.78% of assets); allowance for credit losses ~1.21% of loans; gross charge-offs $9.1M in the quarter. Capital and capital return: CET1 ~11.84%; repurchased ~859k shares in Q1 and have ~$21M remaining on the buyback to execute through Q2; Board approved $0.09 quarterly dividend. Outlook/guidance: Q2 loans ~ $7B, full-year loan growth ~7% (governed by deliberate derisking), deposits targeted ~$8B by Q2 and 8–10% annual deposit growth for 2026, NIM guidance 3.4–3.5% for Q2 (stabilizing ~3.4% year-end), Q2 expenses expected ~$68–69M with a target efficiency ratio ~60% over time. Management emphasized continuing disciplined underwriting, selective growth, further run-off/sales of non-core credits and opportunity to scale lower-cost international (Venezuela) deposits to improve profitability.