AMTB · AMTB Q2 FY2026 earnings call record财报电话会记录

“On the deposit side, total deposits were $8.4 billion, up by $416 million compared to $7.9 billion in the first quarter, primarily driven by strong growth in international deposits, as Carlos mentioned.”

“Net interest margin was 3.52% compared to 3.55% in the first quarter.”

“Our CET1 remains strong at 11.94% compared to 11.84% last quarter, mainly driven by lower risk-weighted assets and higher net income during the quarter, while partially offset by $16 million in share repurchases and $3.6 million in shareholder dividends.”

“We paid a cash dividend of $0.09 per share of common stock on May 29, 2026, and our board of directors just approved a quarterly dividend of $0.09 per share, payable on August 28th of this year.”

“During the second quarter, we repurchased 690,000 shares at a weighted average price of $23.29 per share, compared to tangible book value of $22.78 as of June 30, 2026.”

“Core deposits increased by $553 million or 9.4%, supported by strong growth in non-interest bearing and lower cost international deposits.”

“Net interest margin was 3.52%, compared to 3.55% in the first quarter.”

“While we continue to proactively manage any new developments in our portfolio, the reductions this quarter reflect the impact of the actions we have been taking to strengthen the portfolio, improve visibility, and reduce risk over time.”

“This outlook is supported by continued momentum expected in low-cost international deposit growth and our efforts to deepen domestic relationships.”

“We expect net interest margin to be approximately 3.50% for the remainder of the year, supported by disciplined balance sheet management and the benefit of continued growth in lower-cost deposits.”

“As you can see on slide 14, we expect the net interest income to be the largest contributor in line with the guidance I just provided regarding loan and low-cost deposit growth.”

“At the same time, we remain committed to maintaining strong capital levels while continuing to return capital to shareholders through dividends and share repurchases.”