Amerant Q2 net income falls to $5.0M ($0.15 EPS); NPAs surge 140%

Amerant Bancorp Inc.

2024-Q2 EPS reported $0.46

Net income $5.0M ($0.15 diluted EPS) vs $10.6M ($0.31) in Q1 2024.
Provision for credit losses $19.2M, up 54.4% from $12.4M in Q1.
Non-performing assets $121.1M, up 139.9% from $50.5M in Q1.
Total gross loans $7.32B, up 4.5% QoQ; deposits down 0.8% to $7.82B.
Board declared $0.09/share dividend, payable Aug 30 to holders of record Aug 15.

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