Amerant Reports Record Fourth Quarter 2021 Net Income of $65.5 Million or Diluted Earnings Per Share of $1.77 and Full-Year 2021 Net Income of $112.9 Million or Diluted Earnings Per Share of $3.01; Declares Cash Dividend of $0.09 Per Share

Significant Improvement Shown in Key Performance Metrics

CORAL GABLES, Fla., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ:AMTB) (the “Company” or “Amerant”) today reported net income attributable to the Company of $65.5 million in the fourth quarter of 2021, or $1.77 per diluted share, an increase compared to net income attributable to the Company of $17.0 million, or $0.45 per diluted share, in the third quarter of 2021 and net income attributable to the Company of $8.5 million, or $0.20 per diluted share, in the fourth quarter of 2020. Net income attributable to the Company was $112.9 million for the full-year 2021, compared to a net loss attributable to the Company of $1.7 million for the full-year 2020. Pre-provision net revenue (“PPNR”)¹ was $79.1 million in the fourth quarter of 2021, an increase from $17.5 million in the third quarter of 2021, and an increase from $8.5 million in the fourth quarter of 2020. PPNR¹ was $130.1 million for the full-year 2021, an increase from $84.3 million for the full-year 2020. Core PPNR¹ was $69.9 million for the full-year 2021, compared to $71.0 million for the full-year 2020.