Amerant Bancorp (AMTB) closed out FY 2025 with Q4 total revenue of US$108.7 million and basic EPS of US$0.07, while trailing twelve month EPS stood at US$1.26 on revenue of US$394.2 million. The company has seen quarterly revenue range from US$86.98 million to US$108.7 million in 2025, with EPS moving from US$0.28 in Q1 to US$0.55 in Q2, US$0.35 in Q3 and US$0.07 in Q4, and trailing twelve month net income reaching US$52.4 million. For investors, the key point is how these earnings and margin trends frame Amerant's current profitability profile.

See our full analysis for Amerant Bancorp.

With the latest numbers available, the next step is to assess how Amerant's reported results compare with prevailing narratives about its growth, risks and profit trajectory, and to identify where the data may suggest a different interpretation.

Net Interest Margin Holds Near 3.8%

• Across FY 2025, Amerant's reported net interest margin sat between 3.75% and 3.92% by quarter, with the trailing twelve month figure at 3.82% and the cost to income ratio at 69%.
• What stands out for a bullish view is that this 3.82% net interest margin sits alongside trailing twelve month net income of US$52.4 million, which supports the idea of a bank that has shifted into profitability even though operating efficiency metrics like the 69% cost to income ratio show there is still room for improvement.
  • Quarterly net interest margin moved from 3.75% in Q1 2025 to 3.81% in Q2 and 3.92% in Q3, before results were summarized for Q4, suggesting the earnings base is closely tied to how that spread is managed.
  • The trailing twelve month revenue of US$394.2 million paired with US$52.4 million of net income shows that, while Amerant is profitable, earnings are a relatively modest slice of total revenue, which matters for how durable any bullish case might be.

To see how this margin story fits into the longer term growth and valuation picture, check out the full narrative that investors are debating around Amerant Bancorp and how it ties back to these numbers. 📊 Read the full Amerant Bancorp Consensus Narrative.

Credit Quality Signal From US$171.4 Million Of Non Performing Loans

• At the end of the latest trailing twelve month period, non performing loans were reported at US$171.4 million, with commentary noting that the allowance for bad loans covers 76% of those exposures.
• Critics highlight that a 76% allowance for bad loans is relatively low coverage, and the US$171.4 million of non performing loans gives that concern real weight because any increase in credit losses would flow directly through to earnings and capital.
  • Within FY 2025, reported non performing loans moved between US$82.5 million and US$124.3 million by quarter before ending at the US$171.4 million trailing twelve month figure, so credit quality is clearly a key line item to watch rather than a side issue.
  • Against this backdrop, the bank's recent profitability, with US$52.4 million of trailing twelve month net income, sits alongside a balance sheet that still carries a sizeable pool of problem loans and a coverage level below 100%, which is exactly what bearish investors tend to focus on.

Profitable Year With 1.26 US$ TTM EPS

• For the trailing twelve months, Amerant reported basic EPS of US$1.26 on revenue of US$394.2 million, compared with earlier trailing periods that included EPS losses such as US$0.44 loss per share in the year to Q4 2024.
• Bulls argue that the move from prior losses to US$1.26 of trailing twelve month EPS supports the view of projected earnings growth around 34% per year, yet the path within FY 2025, with quarterly EPS varying from US$0.28 to US$0.55 then down to US$0.07, shows that the earnings profile has been uneven even as the full year ends in profit.
  • Quarter by quarter, net income excluding extra items was US$11.96 million in Q1 2025, US$23.00 million in Q2, US$14.76 million in Q3 and US$2.70 million in Q4, which means a lot of the trailing twelve month profit was generated earlier in the year rather than in the most recent quarter.
  • That pattern aligns with the data point that Amerant became profitable over the last year after several years of negative average earnings, so the bullish thesis rests on whether this new US$52.4 million profit level can be sustained or improved upon from here.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Amerant Bancorp's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

See What Else Is Out There

Amerant's recent profit sits alongside uneven quarterly EPS, a 69% cost to income ratio and US$171.4 million of non performing loans with 76% coverage.

If that mix of thin efficiency and credit risk feels uncomfortable, check out solid balance sheet and fundamentals stocks screener (388 results) today to focus on companies built on stronger financial footing and cleaner loan books.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.