AMTB — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-01

• •Increased exposure to residential mortgage assets may heighten sensitivity to interest rate changes, housing market conditions, and secondary market liquidity;

• •Conditions or developments in Venezuela could adversely affect our operations;

• All written or oral forward-looking statements that are made by us or are attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in “Risk Factors” in the 2025 Form 10-K, in this Form 10-Q, and in our other filings…

• Amerant Mortgage, LLC, a mortgage lending company domiciled in Florida (“Amerant Mortgage”) and Elant Bank & Trust Ltd., a bank and trust company domiciled in George Town, Grand Cayman (the “Cayman Bank”) are subsidiaries of the Bank. The Company is in the process of winding down and dissolving both…

• In November 2025, the Board appointed Carlos Iafigliola, previously Senior Executive Vice President and Chief Operating Officer, as Interim Chief Executive Officer. The Board, supported by an external executive search firm, commenced a process to identify a permanent CEO which is ongoing as of the d…

Text removed vs the prior filing · source: 10-Q · 2025-10-31

• •Weakness in the demand for mortgage loans or in the secondary market for residential mortgage loans can adversely affect us.

• •We may not have the ability or resources to keep pace with rapid technological changes in the financial services industry or implement new technology effectively;

• •Conditions in Venezuela could adversely affect our operations;

• •There is uncertainty surrounding the potential legal, regulatory and policy changes by the presidential administration in the United States that may directly affect financial institutions;

• Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update, revise or correct any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All written or oral fo…

Text added vs the prior filing · source: 10-Q · 2026-05-01

• Net interest income in the base scenario increased to approximately $326.0 million in the three months ended March 31, 2026 compared to $320.0 million as of December 31, 2025. This increase is mainly driven by the increase in debt securities available for sale. This was offset by a decrease in cash …

• The estimated average effective duration of our investment portfolio increased to 5.0 years at March 31, 2026 compared to 4.4 years at December 31, 2025, due to higher market rates which decreased modeled prepayment expectations, as well as, a reduction in the floating rate securities proportion of …

• (2) Includes FHLB advances in the amount of $435.0 million set to mature in 2027 or later, which contain quarterly callable features.

Text removed vs the prior filing · source: 10-Q · 2025-10-31

• Net interest income in the base scenario decreased to approximately $352.6 million in the nine months ended September 30, 2025 compared to $361.0 million as of December 31, 2024. This decrease is mainly driven by prepayments of higher-yielding loans in the first nine months of 2025, which were repla…

• The estimated average effective duration of our investment portfolio decreased to 4.4 years at September 30, 2025 compared to 5.2 years at December 31, 2024, due to higher prepayment assumptions due to projections of lower market rates that result in a lower weighted average duration.

Text added vs the prior filing · source: 10-Q · 2026-05-01

• For detailed information about certain risk factors that could materially affect our business, financial condition or future results see "Risk Factors" in Part I, Item 1A of the 2025 Form 10-K. Set forth below are material changes to our existing risk factors previously disclosed in the 2025 Form 10…

• Increased exposure to residential mortgage assets may heighten sensitivity to interest rate changes, housing market conditions, and secondary market liquidity.

• During the first quarter of 2026, we increased our exposure to residential mortgage loans through portfolio acquisitions and expect to further expand this exposure through additional residential loan purchases in 2026. As a result, residential mortgage loans now represent a larger portion of our ear…

• Fluctuations in interest rates, home prices, borrower credit performance, and housing market activity directly affect the performance of residential mortgage assets. A decline in interest rates below the weighted average coupon of our portfolio could accelerate prepayments and asset runoff, reducing…

• Our residential mortgage portfolio includes a significant concentration of jumbo and other nonconforming loans. The secondary market for these products is generally less liquid than the market for conforming mortgages and may be subject to volatility or disruption, which could limit our ability to s…