Amerant Bancorp Inc. (NYSE:AMTB) (the "Company" or "Amerant") today reported net income attributable to the Company of $21.0 million in the second quarter of 2026, or $0.53 earnings per diluted share, compared to net income of $17.9 million, or $0.44 earnings per diluted share, in the first quarter of 2026.

"We delivered a strong second quarter, with net income increasing to $21.0 million, or $0.53 per diluted share, supported by continued balance sheet growth, solid deposit generation and disciplined expense management," said Carlos Iafigliola, President and Chief Executive Officer. "Importantly, core deposits grew 9.4% from the prior quarter, particularly in non-interest bearing deposits, and profitability improved, with ROA and ROE increasing to 0.84% and 9.23%, respectively. We also continued to make progress on credit, with classified loans declining meaningfully, while maintaining strong capital levels and returning capital to shareholders through our share repurchase activity and quarterly dividend. These results reflect the ongoing execution of our strategic priorities and the strength of our franchise."

Below are the results for 2Q26 and their comparison to 1Q26:

Total assets were $10.3 billion, up by $390.7 million, or 3.9%, compared to $9.9 billion.
Total gross loans, which includes all loans held for sale, were $6.9 billion, up by $111.8 million, or 1.7%, compared to $6.8 billion.
Cash and cash equivalents were $301.1 million, up by $112.4 million, or 59.6%, compared to $188.7 million.
Total investments were $2.6 billion, up by $177.5 million, or 7.3%, compared to $2.4 billion.
Total deposits were $8.4 billion, up by $416.2 million, or 5.2%, compared to $7.9 billion.
Core deposits were $6.4 billion, up by $552.6 million, or 9.4%, compared to $5.9 billion.
Total advances from the Federal Home Loan Bank ("FHLB") were $702.6 million, down by $29.7 million, or 4.0%, compared to $732.3 million.
Net Interest Margin ("NIM") was 3.52%, compared to 3.55%.
Average yield on loans was 6.22%, compared to 6.38%.
Average cost of total deposits was 2.21%, compared to 2.31%.
Loan to deposit ratio was 82.17%, compared to 85.07%.
Asset Quality and Allowance for Credit Losses ("ACL"):
- Total non-performing assets were $186.6 million, down by $5.0 million, or 2.6%, compared to $191.6 million. As of 2Q26, non-performing assets consist of $171.1 million in non-performing loans and $15.5 million in Other Real Estate Owned ("OREO").
- The ACL was $85.5 million compared to $79.2 million.
- Classified loans were $273.1 million, down by $47.2 million, or 14.7%, compared to $320.3 million, while non-performing loans were $171.1 million, down $5.0 million, or 2.8%, compared to $176.1 million. The reduction in classified loans was primarily attributable to loan sales during the quarter. Special mention loans were $109.8 million, down $38.5 million, or 25.9%, compared to $148.2 million. The decrease was primarily driven by loan sales and payoffs during the quarter.
- The Company has provided additional details regarding asset quality in the 2Q26 earnings presentation (https://investor.amerantbank.com).
Assets Under Management and custody ("AUM") totaled $3.37 billion, down by $52.8 million, or 1.5% from $3.42 billion.
Pre-tax pre-provision net revenue ("PPNR")⁽¹⁾was $31.9 million, up by $1.1 million, or 3.6%, compared to PPNR of $30.7 million.
Net Interest Income ("NII") was $82.6 million, up by $2.3 million, or 2.9%, from $80.3 million.
Provision for credit losses was $4.8 million, down by $3.1 million, or 39.1%, compared to $7.8 million.
Noninterest income was $18.2 million, up by $0.8 million, or 4.5%, from $17.4 million.
Noninterest expense was $68.9 million, up by $2.0 million, or 2.9%, from $66.9 million.
The efficiency ratio was 68.37%, compared to 68.52%.
Return on average assets ("ROA") was 0.84%, compared to 0.73%.
Return on average equity ("ROE") was 9.23%, compared to 7.63%.
The Company repurchased an aggregate of 690,000 shares of Class A common stock at a weighted average price of $23.29 per share, or 1.02x of Tangible Book Value ("TBV")⁽¹⁾and 1.00x of book value per share. The aggregate purchase price for these transactions was approximately $16.1 million.
On July 22, 2026, the Company’s Board of Directors declared a cash dividend of $0.09 per share of common stock. The dividend is payable on August 28, 2026, to shareholders of record on August 14, 2026.

Additional details on the second quarter 2026 results can be found in the Exhibits and Glossary of Terms and Definitions to this earnings release, and the earnings presentation available under the Investor Relations section of the Company’s website at https://investor.amerantbank.com. See Glossary of Terms and Definitions for definitions of financial terms.

⁽¹⁾Non-GAAP measure, see "Non-GAAP Financial Measures" for more information and Exhibit 2 for a reconciliation to GAAP measures.

Second Quarter 2026 Earnings Conference Call

The Company will hold an earnings conference call on Friday, July 24, 2026, at 9:00 a.m. (Eastern Time) to discuss its second quarter 2026 results. The conference call and presentation materials can be accessed via webcast by logging on from the Investor Relations section of the Company’s website at https://investor.amerantbank.com. The online replay will remain available for approximately one month following the call through the above link.

About Amerant Bancorp Inc. (NYSE:AMTB)

Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida, since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the "Bank"), as well as its other subsidiary Amerant Investments, Inc. The Company provides individuals and businesses with deposit, credit and wealth management services. The Bank, which has operated for over 45 years, is headquartered in Florida and has a network of 23 banking centers – 21 in South Florida and 2 in Tampa, Florida. For more information, visit investor.amerantbank.com.

Cautionary Notice Regarding Forward-Looking Statements

This press release contains "forward-looking statements" including statements with respect to the Company’s objectives, expectations and intentions and other statements that are not historical facts. Examples of forward-looking statements include but are not limited to: our future operating or financial performance, including revenues, expenses, expense savings, income or loss and earnings or loss per share, and other financial items; statements regarding expectations, plans or objectives for future operations, products or services, and our expectations on loan recoveries, or reaching positive resolutions on problem loans, or significantly reducing special mention and/or non-performing loans. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target," "goals," "outlooks," "modeled," "dedicated," "create," and other similar words and expressions of the future.

Forward-looking statements, including those relating to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the Company’s actual results, performance, achievements, or financial condition to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in "Risk factors" in our annual report on Form 10-K for the fiscal year ended December 31, 2025, filed on February 27, 2026 ("the 2025 Form 10-K"), in our quarterly report on Form 10-Q for the quarter ended March 31, 2026, filed on May 1, 2026, and in our other filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC’s website www.sec.gov.

Interim Financial Information

Unaudited financial information as of and for interim periods, including the three and six month periods ended June 30, 2026, and 2025, and the three month periods ended March 31, 2026, December 31, 2025, and September 30, 2025, may not reflect our results of operations for our fiscal year ending, or financial condition, as of December 31, 2026, or any other period of time or date.

Non-GAAP Financial Measures

The Company supplements its financial results that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP") with non-GAAP financial measures, such as "pre-tax pre-provision net revenue (PPNR)", "tangible common equity ratio", and "tangible stockholders’ equity (book value) per common share". This supplemental information is not required by, or is not presented in accordance with GAAP. The Company refers to these financial measures and ratios as "non-GAAP financial measures".

We use certain non-GAAP financial measures, including those mentioned above, both to explain our results to shareholders and the investment community and in the internal evaluation and management of our business. Management believes that these supplementary non-GAAP financial measures and the information they provide are useful to investors since these measures permit investors to view our performance using the same tools that our management uses to evaluate our past performance and prospects for future performance. While we believe that these non-GAAP financial measures are useful in evaluating our performance, this information should be considered as supplemental and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

Exhibit 2 reconciles these non-GAAP financial measures to GAAP reported results.

Beginning in the first quarter of 2026, the Company reviewed and updated its use of non‑GAAP financial measures and now presents a limited set of metrics that management uses to evaluate performance and make operating decisions. As part of this update, the Company discontinued the presentation of "Core PPNR", "core noninterest income", "core noninterest expense", "core net income", "core earnings per share (basic and diluted)", "core return on assets (Core ROA)", "core return on equity (Core ROE)", and "core efficiency ratio" as management determined these measures are no longer primary metrics used internally. This change does not reflect any change in the Company’s underlying business, operations, or GAAP financial results.

Exhibit 1- Selected Financial Information

The following table sets forth selected financial information derived from our interim unaudited and annual audited consolidated financial statements.

(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025
Consolidated Balance Sheets					(audited)
Total assets	$	10,294,247	$	9,903,514	$	9,777,018	$	10,410,199	$	10,334,678
Total investments		2,608,418		2,430,884		2,084,569		2,307,701		1,970,888
Total gross loans ⁽¹⁾		6,865,627		6,753,781		6,697,235		6,941,792		7,189,196
Allowance for credit losses		85,499		79,236		79,276		94,918		86,519
Total deposits		8,355,308		7,939,101		7,786,934		8,300,969		8,306,544
Core deposits ⁽¹⁾		6,444,271		5,891,689		5,790,895		6,203,038		6,143,625
Advances from the Federal Home Loan Bank		702,608		732,263		711,984		831,699		765,000
Subordinated notes		29,880		29,837		29,795		29,752		29,710
Junior subordinated debentures		64,178		64,178		64,178		64,178		64,178
Stockholders' equity		914,369		913,918		938,802		944,940		924,286
Assets under management and custody ⁽¹⁾		3,371,114		3,423,919		3,256,754		3,169,514		3,065,020

	Three Months Ended
(in thousands, except percentages, share data and per share amounts)	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
Consolidated Results of Operations
Net interest income	$	82,575		$	80,281		$	90,150		$	94,152		$	90,479
Provision for credit losses ⁽²⁾		4,750			7,800			3,490			14,600			6,060
Noninterest income		18,162			17,381			22,019			17,291			19,778
Noninterest expense		68,877			66,919			106,772			77,835			74,400
Net income attributable to Amerant Bancorp Inc.		21,043			17,873			2,701			14,756			23,002
Pre-tax pre-provision net revenue (PPNR) ⁽³⁾		31,860			30,743			5,397			33,608			35,857
Effective income tax rate		22.38	%		22.10	%		(41.64	)%		22.37	%		22.80	%

Common Share Data
Stockholders' book value per common share	$	23.33		$	22.96		$	23.13		$	22.90		$	22.14
Tangible stockholders' equity (book value) per common share⁽³⁾⁽⁴⁾	$	22.78		$	22.38		$	22.56		$	22.32		$	21.56
Basic earnings per common share	$	0.54		$	0.44		$	0.07		$	0.35		$	0.55
Diluted earnings per common share⁽⁴⁾	$	0.53		$	0.44		$	0.07		$	0.35		$	0.55
Basic weighted average shares outstanding		39,316,906			40,315,757			40,915,733			41,590,201			41,805,550
Diluted weighted average shares outstanding⁽⁴⁾		39,509,583			40,510,993			41,102,760			41,774,101			41,873,551
Cash dividend declared per common share ⁽⁵⁾	$	0.09		$	0.09		$	0.09		$	0.09		$	0.09

	Three Months Ended
	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025
Other Financial and Operating Data ⁽⁶⁾

Profitability Indicators (%)
Net interest income / Average total interest earning assets (NIM) ⁽¹⁾		3.52	%		3.55	%		3.78	%		3.92	%		3.81	%
Net income / Average total assets (ROA)⁽¹⁾		0.84	%		0.73	%		0.10	%		0.57	%		0.90	%
Net income / Average stockholders' equity (ROE)⁽¹⁾		9.23	%		7.63	%		1.12	%		6.21	%		10.06	%
Noninterest income / Total revenue⁽¹⁾		18.03	%		17.80	%		19.63	%		15.52	%		17.94	%

Capital Indicators (%)
Total capital ratio ⁽¹⁾		14.34	%		14.16	%		14.10	%		13.90	%		13.49	%
Tier 1 capital ratio ⁽¹⁾		12.72	%		12.62	%		12.58	%		12.28	%		11.97	%
Tier 1 leverage ratio ⁽¹⁾		9.70	%		9.91	%		9.62	%		9.73	%		9.69	%
Common equity tier 1 capital ratio (CET1) ⁽¹⁾		11.94	%		11.84	%		11.80	%		11.54	%		11.24	%
Tangible common equity ratio ^(1)(3)(4)		8.69	%		9.02	%		9.39	%		8.87	%		8.73	%

Liquidity Ratios (%)
Loans to Deposits ⁽¹⁾		82.17	%		85.07	%		86.01	%		83.63	%		86.55	%

Asset Quality Indicators (%)
Non-performing assets / Total assets ⁽¹⁾		1.81	%		1.93	%		1.91	%		1.34	%		0.95	%
Non-performing loans / Total gross loans ⁽¹⁾		2.49	%		2.61	%		2.56	%		1.79	%		1.15	%
Allowance for credit losses / Total non-performing loans		49.97	%		45.01	%		46.26	%		76.37	%		104.89	%
Allowance for credit losses / Total loans held for investment		1.27	%		1.21	%		1.20	%		1.37	%		1.20	%
Net charge-offs / Average total loans held for investment ⁽¹⁾		0.08	%		0.45	%		1.07	%		0.39	%		0.86	%

Efficiency Indicators (% except FTE)
Noninterest expense / Average total assets		2.73	%		2.74	%		4.14	%		3.01	%		2.91	%
Salaries and employee benefits / Average total assets		1.41	%		1.31	%		1.50	%		1.36	%		1.41	%
Other operating expenses/ Average total assets⁽¹⁾		1.33	%		1.43	%		2.64	%		1.66	%		1.50	%
Efficiency ratio ⁽¹⁾		68.37	%		68.52	%		95.19	%		69.84	%		67.48	%
FTEs		704			699			694			704			692

⁽¹⁾ See Glossary of Terms and Definitions for definitions of financial terms.

⁽²⁾ In all periods shown, includes reserves on loans and contingent loans. The (reversal of) provision for unfunded commitments (contingencies) in the second and first quarter of 2026, and fourth, third and second quarters of 2025, were ($1.0 million), $1.1 million, $0.7 million, ($0.7 million) and $2.5 million, respectively.

⁽³⁾ Non-GAAP measure. See "Non-GAAP Financial Measures" for more information and Exhibit 2 for a reconciliation to GAAP.

⁽⁴⁾ See 2025 Form 10-K for more information on potential dilutive instruments and their impact on diluted earnings per share computation.

⁽⁵⁾ In all periods shown, the Company’s Board of Directors declared and paid cash dividends of $0.09 per share of the Company’s common stock. In connection with these dividends, the Company paid an aggregate amount of $3.6 million in the second quarter, $3.7 million in the first quarter of 2026 and fourth quarter of 2025, and $3.8 million per quarter in all other periods.

⁽⁶⁾ Operating data for the periods presented have been annualized.

Exhibit 2- Non-GAAP Financial Measures Reconciliation

The following tables set forth selected financial information derived from the Company’s interim unaudited and annual audited consolidated financial statements, adjusted for certain items, including the provision for credit losses, income taxes and goodwill and other intangible assets. The Company believes these adjusted numbers are useful to understand the Company’s performance and underlying trends.

	Three Months Ended
(in thousands)	June 30, 2026		March 31, 2026		December 31, 2025			September 30, 2025		June 30, 2025


Net income attributable to Amerant Bancorp Inc.	$	21,043	$	17,873	$	2,701		$	14,756	$	23,002
Plus: provision for credit losses ⁽¹⁾		4,750		7,800		3,490			14,600		6,060
Plus: provision for income tax expense (benefit)		6,067		5,070		(794	)		4,252		6,795
Pre-tax pre-provision net revenue (PPNR)		31,860		30,743		5,397			33,608		35,857


(in thousands, except percentages, share data and per share amounts)	June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025			June 30, 2025

Stockholders' equity	$	914,369		$	913,918		$	938,802		$	944,940		$	924,286
Less: goodwill and other intangibles ⁽²⁾		(21,522	)		(22,933	)		(23,103	)		(23,784	)		(24,016	)
Tangible common stockholders' equity	$	892,847		$	890,985		$	915,699		$	921,156		$	900,270
Total assets		10,294,247			9,903,514			9,777,018			10,410,199			10,334,678
Less: goodwill and other intangibles ⁽²⁾		(21,522	)		(22,933	)		(23,103	)		(23,784	)		(24,016	)
Tangible assets	$	10,272,725		$	9,880,581		$	9,753,915		$	10,386,415		$	10,310,662
Common shares outstanding		39,186,293			39,803,607			40,595,273			41,265,378			41,748,434
Tangible common equity ratio		8.69	%		9.02	%		9.39	%		8.87	%		8.73	%
Stockholders' book value per common share	$	23.33		$	22.96		$	23.13		$	22.90		$	22.14
Tangible stockholders' equity book value per common share	$	22.78		$	22.38		$	22.56		$	22.32		$	21.56

⁽¹⁾ Includes provision for credit losses on loans and provision for loan contingencies.

⁽²⁾As of June 30, 2026, other intangible assets primarily consist of naming rights. In prior periods, also includes mortgage servicing rights ("MSRs"). Other intangible assets are included in other assets in the Company’s consolidated balance sheets.

Exhibit 3- Average Balance Sheet, Interest and Yield/Rate Analysis

The following tables present average balance sheet information, interest income, interest expense and the corresponding average yields earned and rates paid for the periods presented. The average balances for loans include both performing and non-performing balances. Interest income on loans includes the effects of discount accretion and the amortization of non-refundable loan origination fees, net of direct loan origination costs, accounted for as yield adjustments. Average balances represent the daily average balances for the periods presented.

	Three Months Ended
	June 30, 2026							March 31, 2026							June 30, 2025
(in thousands, except percentages)	Average Balances		Income/ Expense		Yield/ Rates			Average Balances		Income/ Expense		Yield/ Rates			Average Balances		Income/ Expense		Yield/ Rates
Interest-earning assets:
Loan portfolio, net ⁽¹⁾	$	6,674,563	$	103,449		6.22	%	$	6,523,493	$	102,674		6.38	%	$	7,118,087	$	122,166		6.88	%
Debt securities available for sale ^{(2) (3)}		2,344,767		28,302		4.84	%		2,281,441		26,800		4.76	%		1,769,440		21,931		4.97	%
Debt securities held for trading		209		—		—	%		333		—		—	%		59,331		343		2.32	%
Equity securities with readily determinable fair value not held for trading		2,527		22		3.49	%		2,553		14		2.22	%		2,508		21		3.36	%
Federal Reserve Bank and FHLB stock		57,054		888		6.24	%		57,177		868		6.16	%		57,072		917		6.44	%
Deposits with banks⁽⁴⁾		324,291		2,965		3.67	%		291,145		2,598		3.62	%		514,478		5,643		4.40	%
Other short-term investments		3,856		35		3.64	%		7,182		63		3.56	%		7,046		74		4.21	%
Total interest-earning assets		9,407,267		135,661		5.78	%		9,163,324		133,017		5.89	%		9,527,962		151,095		6.36	%
Total noninterest-earning assets⁽⁵⁾		700,165							739,439							728,292
Total assets	$	10,107,432						$	9,902,763						$	10,256,254

	Three Months Ended
	June 30, 2026								March 31, 2026								June 30, 2025
(in thousands, except percentages)	Average Balances			Income/ Expense		Yield/ Rates			Average Balances			Income/ Expense		Yield/ Rates			Average Balances			Income/ Expense		Yield/ Rates
Interest-bearing liabilities:
Checking and saving accounts
Interest bearing demand, savings, and money market deposits⁽⁶⁾		4,618,118			27,154		2.36	%		4,429,327			26,365		2.41	%		4,451,069			29,597		2.67	%
Time deposits		1,995,007			17,682		3.55	%		2,011,952			18,254		3.68	%		2,149,861			22,285		4.16	%
Total deposits		6,613,125			44,836		2.72	%		6,441,279			44,619		2.81	%		6,600,930			51,882		3.15	%
Securities sold under agreements to repurchase		95			1		4.22	%		—			—		—	%		105			1		3.82	%
Advances from the FHLB⁽⁷⁾		712,801			6,935		3.90	%		712,349			6,846		3.90	%		717,260			7,230		4.04	%
Senior notes		—			—		—	%		—			—		—	%		—			78		—	%
Subordinated notes		29,859			362		4.86	%		29,816			361		4.91	%		29,689			361		4.88	%
Junior subordinated debentures		64,178			952		5.95	%		64,178			910		5.75	%		64,178			1,064		6.64	%
Total interest-bearing liabilities		7,420,058			53,086		2.87	%		7,247,622			52,736		2.95	%		7,412,162			60,616		3.28	%
Noninterest-bearing liabilities:
Noninterest bearing demand deposits		1,533,032								1,396,612								1,637,173
Accounts payable, accrued liabilities and other liabilities		239,723								308,976								289,909
Total noninterest-bearing liabilities		1,772,755								1,705,588								1,927,082
Total liabilities		9,192,813								8,953,210								9,339,244
Stockholders’ equity		914,619								949,553								917,010
Total liabilities and stockholders' equity	$	10,107,432							$	9,902,763							$	10,256,254
Excess of average interest-earning assets over average interest-bearing liabilities	$	1,987,209							$	1,915,702							$	2,115,800
Net interest income				$	82,575							$	80,281							$	90,479
Net interest rate spread							2.91	%							2.94	%							3.08	%
Net interest margin⁽⁷⁾							3.52	%							3.55	%							3.81	%
Cost of total deposits⁽⁷⁾							2.21	%							2.31	%							2.53	%
Ratio of average interest-earning assets to average interest-bearing liabilities		126.78	%							126.43	%							128.54	%
Average non-performing loans/ Average total loans		2.55	%							2.39	%							1.35	%

	Six Months Ended
	June 30, 2026								June 30, 2025
(in thousands, except percentages)	Average Balances			Income/ Expense		Yield/ Rates			Average Balances			Income/ Expense		Yield/ Rates
Interest-earning assets:
Loan portfolio, net ⁽¹⁾	$	6,599,445		$	206,123		6.30	%	$	7,145,968		$	243,187		6.86	%
Debt securities available for sale^{(2) (3)}		2,313,279			55,102		4.80	%		1,622,123			39,895		4.96	%
Debt securities held for trading		271			—		—	%		29,907			343		2.31	%
Equity securities with readily determinable fair value not held for trading		2,540			36		2.86	%		2,503			40		3.22	%
Federal Reserve Bank and FHLB stock		57,115			1,756		6.20	%		57,195			1,853		6.53	%
Deposits with banks⁽⁴⁾		307,810			5,563		3.64	%		547,262			12,044		4.44	%
Other short-term investments		5,510			98		3.59	%		6,742			141		4.23	%
Total interest-earning assets		9,285,970			268,678		5.83	%		9,411,700			297,503		6.37	%
Total non-interest-earning assets⁽⁵⁾		719,693								738,283
Total assets	$	10,005,663							$	10,149,983

Interest-bearing liabilities:
Checking and saving accounts
Interest bearing demand, savings, and money market deposits⁽⁶⁾		4,524,244			53,519		2.39	%		4,318,144			56,726		2.65	%
Time deposits		2,003,432			35,936		3.62	%		2,188,681			46,143		4.25	%
Total deposits		6,527,676			89,455		2.76	%		6,506,825			102,869		3.19	%
Securities sold under agreements to repurchase		48			1		4.20	%		53			1		3.80	%
Advances from the FHLB⁽⁷⁾		712,576			13,781		3.90	%		720,446			14,430		4.04	%
Senior notes		—			—		—	%		29,776			1,020		6.91	%
Subordinated notes		29,839			723		4.89	%		29,668			722		4.91	%
Junior subordinated debentures		64,178			1,862		5.85	%		64,178			2,078		6.53	%
Total interest-bearing liabilities		7,334,317			105,822		2.91	%		7,350,946			121,120		3.32	%
Non-interest-bearing liabilities:
Non-interest bearing demand deposits		1,465,199								1,591,227
Accounts payable, accrued liabilities and other liabilities		274,158								293,677
Total non-interest-bearing liabilities		1,739,357								1,884,904
Total liabilities		9,073,674								9,235,850
Stockholders’ equity		931,989								914,133
Total liabilities and stockholders' equity	$	10,005,663							$	10,149,983
Excess of average interest-earning assets over average interest-bearing liabilities	$	1,951,653							$	2,060,754
Net interest income				$	162,856							$	176,383
Net interest rate spread							2.92	%							3.05	%
Net interest margin⁽⁷⁾							3.54	%							3.78	%
Cost of total deposits⁽⁷⁾							2.26	%							2.56	%
Ratio of average interest-earning assets to average interest-bearing liabilities		126.61	%							128.03	%
Average non-performing loans/ Average total loans		2.47	%							1.39	%

⁽¹⁾Includes loans held for investment net of the allowance for credit losses, and loans held for sale. Non-performing loans are included in the total loan portfolio balances.

⁽²⁾Includes the average balance of net unrealized gains and losses in the fair value of debt securities available for sale.

⁽³⁾Includes nontaxable securities with average balances of $51.9 million, $52.9 million and $53.9 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively, and $52.7 million and $54.6 million in the six months ended June 30, 2026, and 2025, respectively. The tax equivalent yield for these nontaxable securities was 4.70%, 4.48%, and 4.81% for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively, and 4.66% and 4.75% in the six months ended June 30, 2026, and 2025. In 2026 and 2025, the tax equivalent yields were calculated assuming a 21% tax rate and dividing the actual yield by 0.79.

⁽⁴⁾Deposits with banks in this table include time deposits with banks maturing in more than three months that are not considered cash and cash equivalents in the Company's consolidated balance sheet.

⁽⁵⁾Excludes the allowance for credit losses.

⁽⁶⁾To emphasize material items, certain line items previously presented separately in prior periods have been aggregated into a single line item in this table. This includes interest-bearing demand, savings, and money market deposits. The presentation for the three and six months ended June 30, 2025, has been conformed accordingly for comparability.

⁽⁷⁾See Glossary of Terms and Definitions for definitions of financial terms.

Exhibit 4- Noninterest Income

This table shows the amounts of each of the categories of noninterest income for the periods presented.

Three Months Ended

Six Months Ended June 30,

June 30, 2026

March 31, 2026

June 30, 2025

2026

2025

(in thousands, except percentages)

Amount