Amerant Bancorp Declares $0.09 Quarterly Dividend, Maintains Prior Rate
Amerant Bancorp Inc. (NYSE: AMTB), a Florida-based bank holding company, declared a quarterly cash dividend of $0.09 per share. The dividend matches the prior quarter's payout and will be paid to shareholders of record on May 15, 2026.
Amerant Bancorp Inc. (NYSE: AMTB), a bank holding company operating primarily through its subsidiary Amerant Bank, declared a quarterly cash dividend of $0.09 per share on April 22, 2026. The dividend maintains the same rate as the previous quarter, when shareholders received $0.09 per share on February 27, 2026. Read more dividend announcements.
The dividend will be paid on May 29, 2026, to shareholders of record at the close of business on May 15, 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.09 per share |
| Record Date | May 15, 2026 |
| Payment Date | May 29, 2026 |
| Frequency | Quarterly |
First Quarter 2026 Financial Performance
The dividend declaration accompanied the company's first quarter 2026 earnings report. Amerant posted net income of $17.9 million, or $0.44 per diluted share, compared to $2.7 million, or $0.07 per diluted share, in the fourth quarter of 2025.
Return on average assets reached 0.73% in the first quarter, up from 0.10% in the prior quarter. Return on average equity climbed to 7.63% from 1.12%. The efficiency ratio improved to 68.52% from 95.19%.
Net interest income totaled $80.3 million, down from $90.2 million in the fourth quarter, while the net interest margin compressed to 3.55% from 3.78%. Noninterest expense dropped 37.3% to $66.9 million from $106.8 million, driven by savings in vendor contract renegotiations and lower one-time charges compared to the previous quarter.
Capital Management Activity
During the first quarter, Amerant repurchased 859,493 shares of Class A common stock at a weighted average price of $21.77 per share. The aggregate purchase price totaled approximately $18.7 million including transaction costs. The buyback price represented 0.97 times tangible book value per share and 0.95 times book value per share.
As of March 31, 2026, the company's total capital ratio stood at 14.16%, up from 14.10% in the prior quarter. The Common Equity Tier 1 ratio was 11.84%, compared to 11.80%. Tangible book value per share was $22.38.
Amerant Bancorp, headquartered in Coral Gables, Florida since 1979, provides deposit, credit, and wealth management services to individuals and businesses through Amerant Bank and Amerant Investments. The bank has operated for over 45 years in the Florida market.