Amerant Bancorp

Amerant Bancorp, Inc. operates as the bank holding company, which provides banking products and services to individuals and businesses in the United States and internationally. The firm offers a range of checking and savings accounts, certificates of deposit, and money market accounts. It also provides variable and fixed rate commercial real estate loans, loans secured by owner-occupied properties, loans to domestic and foreign individuals primarily secured by personal residence, working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans, loans to financial institutions and acceptances, and consumer loans and overdrafts, such as automobile loans, personal loans, or loans secured by cash or securities and revolving credit card agreements. The company was founded in 1979 and is headquartered in Coral Gables, FL.

Earnings data Q4 2020

Earnings data Q1 2021

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Amerant Bancorp reports Q4 earnings, focuses on profitability and growth

Amerant Bancorp's Q4 performance reflects operational strength with notable increases in core PPNR and loan growth. The company faces challenges in managing expenses and credit issues while aiming for stable profitability in 2023.
Strategic partnerships, regulatory compliance, and sound credit quality are key strengths that position Amerant Bancorp for future success. Opportunities in non-interest income expansion and capital allocation strategies offer avenues for growth and value creation.

Amerant Bancorp reports solid Q1 performance amidst growth opportunities

Amerant Bancorp's Q1 performance reflects solid net income and asset growth, supported by strong capital ratios and prudent liquidity management. Challenges include non-interest income decline and concerns over credit charge-offs and provision expenses.
Opportunities lie in wealth management and mortgage banking for non-interest income growth, with a focus on efficiency improvements and revenue diversification. The company's leadership enhancements and strategic focus on core DDA growth position it for sustainable success.
To address challenges, Amerant Bancorp must carefully manage margin decline, operational efficiency during the FIS conversion, and expense control. By leveraging growth opportunities and mitigating risks, the company can navigate the current landscape effectively.

Amerant Bancorp reports solid Q2 earnings amidst growth strategies

Amerant Bancorp reported a strong quarter with net income of $7.3 million and a NIM of 3.83%.
The company demonstrated strong capital levels and took actions to drive deposit and loan growth.
Challenges include provision for credit losses, NIM compression, and margin compression expectations for the next quarter.
Opportunities lie in stable deposit beta, NIM improvement, and strategies for revenue growth through deposit relationships.
Emphasis on customer relationships and active expense management highlight the company's strategic focus.
Expectations for the future include stronger loan growth and potential for income stream enhancement.

Amerant Bancorp reports solid Q3 earnings amidst growth opportunities

Amerant Bancorp's Q3 performance reflects improved financial metrics, strong capital levels, and sound credit quality.
While facing challenges such as elevated expenses and margin pressures, the company is well-positioned for growth.
Opportunities lie in achieving ROA targets, deposit growth, and expense management strategies for future profitability.
Management's prudent approach to decision-making and growth strategies underpin Amerant Bancorp's financial resilience and potential.

Amerant Bancorp positions for growth in 2024 amidst challenges

Amerant Bancorp's Q4 2023 performance showcased strategic actions to position for growth in 2024, despite a diluted loss per share.
The company's strengths include financial discipline, risk reduction, and investments in growth areas like digital transformation and business development.
Challenges include managing expenses, potential rate cuts, and operational transitions, while opportunities exist in driving growth through personnel additions and strategic initiatives.
Overall, Amerant Bancorp's outlook for 2024 emphasizes stability, growth, and efficiency improvements to drive profitability and navigate market challenges.

Amerant Bancorp excels in Q1, eyes growth through Florida and international deposits

Amerant Bancorp's Q1 2024 performance reflects strategic shifts towards Florida growth, strong financial results, and improved capital positions.
While facing challenges from the Houston market exit expenses and margin pressures, the company is well-positioned to capitalize on growth opportunities.
With a focus on international deposits and shareholder value enhancement, Amerant Bancorp aims to sustain its positive momentum and drive future expansion.

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Amerant Bancorp, Inc. is a bank holding company, which engages in the provision of deposits, credit, investment, wealth management, retail banking, mortgage and fiduciary services. It offers banking services including personal, business, international, and private clients. The company was founded in 1979 and is headquartered in Coral Gables, FL.

Amerant Bancorp Inc. (AMTB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Amerant Bancorp Inc. (AMTB) a New Buy Stock

Amerant Bancorp Inc. (NASDAQ:AMTB ) Q1 2022 Earnings Conference Call April 21, 2022 9:00 AM ET Company Participants Laura Rossi - Head of Investor Relations Jerry Plush - Chief Executive Officer Carlos Lafigliola - Chief Financial Officer Conference Call Participants Michael Rose - Raymond James Stephen Scouten - Piper Sandler Michael Young - Truist Securities Samuel Varga - Stephens, Inc. Good day, and thank you for standing by. Welcome to the Amerant Bancorp First Quarter 2022 Earnings Conference Call and live webcast.

Amerant Bancorp Inc. (AMTB) CEO Jerry Plush on Q1 2022 Results - Earnings Call Transcript

Amerant Bancorp Inc. (AMTB) delivered earnings and revenue surprises of 53.66% and 1.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Amerant Bancorp Inc. (AMTB) Q1 Earnings Beat Estimates

Amerant Bancorp Inc - Ordinary Shares - Class B

Leading community bank in Florida focuses on ESG pillars that lift and inspire people, communities, organizations and the environment Leading community bank in Florida focuses on ESG pillars that lift and inspire people, communities, organizations and the environment

Amerant Bank's First Environmental, Social, and Governance (ESG) Report Shines Light on Long-Term Corporate Sustainability Initiatives

CORAL GABLES, Fla., April 11, 2022 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company”), today announced it will release first quarter 2022 earnings results on Wednesday, April 20th, after the market closes. Once released, investors may access Amerant's earnings results at https://investor.amerantbank.com/ by choosing “Quarterly Results” under the “Financials” heading.

Amerant Bancorp Inc. to Announce First Quarter 2022 Financial Results and Host Conference Call

CORAL GABLES, Fla., March 14, 2022 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company”) and its subsidiary, Amerant Bank, N.A. (the “Bank”), today announced the following changes to its Board of Directors:

Amerant Bancorp Announces the Retirement of Two Board Members and Naming of Four New Directors

CORAL GABLES, Fla. , March 10, 2022 /PRNewswire/ -- Amerant Bank, the second largest community bank headquartered in Florida, announced that it is now a member of the USDF Consortium.

AMERANT BANK JOINS THE USDF CONSORTIUM

CORAL GABLES, Fla. , Feb. 2, 2022 /PRNewswire/ --  Today, Amerant Bank, the second largest community bank headquartered in Florida, launched Amerant CoverMe, a program that eliminates overdraft fees for up to $100 and helps its customers avoid declined transactions, returned checks and overdrafts.

AMERANT BANK ANNOUNCES AMERANT COVERME, A FIRST STEP TOWARD ELIMINATING OVERDRAFT FEES

The stock price of Amerant Bancorp Inc (NASDAQ: AMTB) increased by 5.5% in the most recent trading session. This is why it happened.

Amerant Bancorp (AMTB) Stock: Why The Price Went Up

CORAL GABLES, Fla., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company” or “Amerant”) today announced that it successfully completed its previously announced $50 million buyback program for its shares of Class A Common Stock and further announced that the Board authorized a new share repurchase program (the “New Repurchase Program”), pursuant to which the Company may purchase, from time to time, up to an aggregate amount of $50 million of its shares of Class A common stock.

Amerant Bancorp Inc. Announces Successful Completion of Previously Approved Share Repurchase Program and New $50 Million Share Repurchase Program

Amerant Bancorp (AMTB) CEO Jerry Plush on Q4 2021 Results - Earnings Call Transcript

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MIAMI, Dec. 7, 2021 /PRNewswire/ --  Amerant Mortgage, LLC , a subsidiary of  Amerant Bank , the second largest community bank headquartered in Florida, announces today the expansion of its wholesale division. Amerant Wholesale Mortgage onboarded 28 new team members who are solely focused on wholesale business.

Amerant Mortgage Launches Wholesale Division to Expand Services to Mortgage Brokers

CORAL GABLES, Fla., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) announced today that its shareholders approved a clean-up merger pursuant to which a subsidiary of the Company will merge with and into the Company (the “Merger”). The Merger will simplify Amerant's capital structure by automatically converting shares of the Company's Class B common stock into the Company's shares of Class A common stock.

Amerant Shareholders Approve Clean-Up Merger that Will Simplify its Capital Structure

CORAL GABLES, Fla., Nov. 10, 2021 /PRNewswire/ -- Amerant Bank, one of the largest community banks headquartered in Florida, announces today that it has partnered with the United Way Miami.

Amerant Bank and United Way Miami Engage in Partnership to benefit the Miami-Dade Community

Will result in significant cost savings and improved operational efficiencies

Amerant Announces New Outsourcing Relationship with FIS

Amerant Bancorp Inc. (AMTB) CEO Jerry Plush on Q3 2021 Results - Earnings Call Transcript

Continued Improvement in All Key Performance Metrics Over Prior Quarters Continued Improvement in All Key Performance Metrics Over Prior Quarters

Amerant Reports Third Quarter 2021 Net Income of $17.0 Million, Diluted Earnings Per Share of $0.45

MIAMI, Oct. 18, 2021 /PRNewswire/ -- Amerant Bank, one of the largest community banks headquartered in Florida, announces that it has selected leading fintechs, Alloy and Q2 to further enhance its digital offerings. The combination of the two platforms makes opening new accounts and switching direct deposits and automatic payments a faster, safer and more efficient process.

Amerant Bank Furthers its Digital Offerings With Fintechs Alloy and Q2

CORAL GABLES, Fla., Oct. 8, 2021 /PRNewswire/ -- Amerant Bank, the second largest community bank headquartered in Florida, today announced a partnership with the Florida Panthers, making Amerant the team's primary home helmet sponsor for the 2021-22 NHL season.

Amerant Bank Named Official Home Helmet Branding Partner of the Florida Panthers

CORAL GABLES, Fla., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report third quarter 2021 earnings results before the market opens on Thursday, October 21. Jerry Plush, Chief Executive Officer, and Carlos Iafigliola, Chief Financial Officer, will host a conference call that morning at 9:00 AM ET to discuss the Company's financial and operating results for the quarter.

Amerant Bancorp Inc. to Announce Third Quarter 2021 Financial Results and Host Conference Call October 21, 2021

MIAMI, Sept. 16, 2021 /PRNewswire/ -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) ("Amerant") announced today that Kristy Amaro has been named Chief Diversity & Inclusion Officer.

Amerant Names Kristy Amaro as Chief Diversity & Inclusion Officer

CORAL GABLES, Fla., Sept. 13, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) today announced its intention to effect a clean-up merger, subject to shareholder approval, pursuant to which a subsidiary of the Company will merge with and into the Company (the “Merger”). Under the terms of the Merger, each outstanding share of Class B common stock will be automatically converted to 0.95 of a share of Class A common stock without any action on the part of the holders of Class B common stock; however, to the extent any shareholder, together with its affiliates, would own more than 8.9% of the outstanding shares of Class A common stock following the Merger, such holder's shares of Class A common stock or Class B common stock, as the case may be, will be converted into shares of a new class of Non-Voting Class A common stock, solely with respect to holdings that would be in excess of the 8.9% limitation. The terms of the Merger to be submitted for approval of the shareholders will include the creation of a new class of Non-Voting Class A common stock. Following the Merger, no shares of Class B common stock will remain outstanding. In addition, all shareholders that would hold fractional shares as a result of the Merger will receive a cash payment in lieu of such fractional shares. To the extent that following the Merger any holder would beneficially own fewer than 100 shares of Class A common stock, such holder will receive cash in lieu of Class A common stock. The Company expects to hold a special shareholders meeting to seek approval of the Merger in early December 2021.

News for Amerant Bancorp Stock (AMTB)