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.

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Mercantil Bank Holding Corporation (AMTB) Beats Q4 Earnings and Revenue Estimates

Amerant Bancorp Inc - Ordinary Shares - Class B

CORAL GABLES, Fla., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) today reported net income of $8.5 million in the fourth quarter of 2020, compared to net income of $1.7 million reported in the third quarter of 2020 and net income of $13.5 million reported in the fourth quarter of 2019. Net loss for the full-year 2020 was $1.7 million, compared to net income of $51.3 million for the full-year 2019. Net loss for the full-year 2020 was primarily driven by $88.6 million in provision for loan losses during the period. Operating income was $7.5 million in the fourth quarter of 2020, compared to $11.5 million in the third quarter of 2020 and $14.8 million in the fourth quarter of 2019. Operating income was $57.3 million in the full-year 2020, compared to $58.3 million in the full-year 2019.

Amerant Bancorp Inc. Reports Fourth Quarter and Full-Year Results

On Friday, January 29, Amerant Bancorp (NASDAQ:AMTB) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Amerant Bancorp Earnings Preview

New organization is a Joint Venture between the bank and a team of highly specialized residential real estate executives, with Amerant retaining majority ownership New organization is a Joint Venture between the bank and a team of highly specialized residential real estate executives, with Amerant retaining majority ownership

Amerant Launches Amerant Mortgage

Current Director Jerry Plush assumes role from Millar Wilson, who will remain as consultant and Director Current Director Jerry Plush assumes role from Millar Wilson, who will remain as consultant and Director

Amerant Bancorp Inc. Announces the Retirement of Millar Wilson and the Appointment of Gerald “Jerry” P. Plush as Vice Chairman & Chief Executive Officer

CORAL GABLES, Fla., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report fourth quarter 2020 earnings results before the market opens on Friday, January 29. Millar Wilson, Chief Executive Officer, and Carlos Iafigliola, Chief Financial Officer, will host a conference call, joined by Miguel Palacios, Chief Business Officer, that morning at 9:30 AM ET to discuss the Company's financial and operating results for the quarter.

Amerant Bancorp Inc. to Announce Fourth Quarter 2020 Financial Results and Host Conference Call January 29, 2021

Moving Average Crossover Alert: Amerant Bancorp (AMTB)

CORAL GABLES, Fla., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) announced today the final results of its successful modified “Dutch auction” tender offer to purchase, for cash, up to $50.0 million of shares of its Class B common stock, $0.10 par value per share (the "Class B Common Stock"), at a price per share not less than $11.05 and not greater than $12.55, which expired at 11:59 p.m., New York City time, on December 18, 2020. As described below, the tender offer was oversubscribed and achieved the purpose of providing liquidity to the Company's shareholders while also generating value to all remaining shareholders since the accretion over tangible book value after the completion of this transaction is estimated to be $ 0.74 per share.

Amerant Bancorp Inc. Announces Final Results of its Successful Modified Dutch Auction Tender Offer

CORAL GABLES, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) announced today the preliminary results of its successful modified “Dutch auction” tender offer to purchase, for cash, up to $50.0 million of shares of its Class B common stock, $0.10 par value per share (the "Class B Common Stock"), at a price per share not less than $11.05 and not greater than $12.55, which expired at 11:59 p.m., New York City time, on December 18, 2020. As described below, the tender offer was oversubscribed.

Amerant Bancorp Inc. Announces Preliminary Results of its Successful Modified Dutch Auction Tender Offer

CORAL GABLES, Fla., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) announced today that it has adjusted the price range of its modified “Dutch auction” tender offer (the “Tender Offer”) to purchase, for cash, up to $50.0 million of shares of its Class B common stock (the “Class B Common Stock”) at a price per share not greater than $12.55 and not less than $11.05, less any applicable withholding taxes and without interest. The aggregate Tender Offer purchase price of up to $50.0 million remains unchanged. The expiration date of the Tender Offer also remains unchanged, and is currently scheduled for 11:59 p.m., New York City time, on December 18, 2020, unless the offer is extended or terminated. The full terms and conditions of the Tender Offer are discussed in the Offer to Purchase, dated November 20, 2020 (as previously amended and supplemented to the date hereof, "Offer to Purchase"), and the associated Letter of Transmittal and other materials relating to the Tender Offer that Amerant initially filed on November 20, 2020 (each as amended) with the Securities and Exchange Commission (the "SEC").

Amerant Bancorp Inc. Announces the Adjusted Price Range of its Modified Dutch Auction Tender Offer to Repurchase up to $50.0 Million of its Class B Common Stock at a price not greater than $12.55 nor less than $11.05 per share

CORAL GABLES, Fla., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) announced today that it has commenced a modified “Dutch auction” tender offer (the “Tender Offer”) to purchase, for cash, up to $50.0 million of shares of its Class B common stock (the “Class B Common Stock”) at a price per share not greater than $12.55 and not less than $9.65, less any applicable withholding taxes and without interest. The Company intends to purchase the shares using cash and cash equivalents. On November 19, 2020, the closing price of the Class B Common Stock was $11.90 per share. The Tender Offer will expire at 11:59 p.m., New York City time, on December 18, 2020, unless extended or terminated.

Amerant Bancorp Inc. Commences Modified Dutch Auction Tender Offer to Repurchase up to $50.0 Million of its Class B Common Stock

Amerant Bancorp's (AMTB) CEO Millar Wilson on Q3 2020 Results - Earnings Call Transcript

CORAL GABLES, Fla., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) today reported third quarter of 2020 net income of $1.7 million, compared to a net loss of $15.3 million reported in the second quarter of 2020 and net income of $11.9 million reported in the third quarter of 2019. Net loss for the nine months ended September 30, 2020 was $10.2 million, compared to net income of $37.9 million reported in the nine months ended September 30, 2019. Operating income was $11.5 million in the third quarter of 2020, down 46.6% from $21.6 million in the second quarter of 2020, and down 9.8% from $12.8 million in the same period of 2019. Operating income was $49.8 million for the nine months ended September 30, 2020, up 14.5% from $43.5 million in the same period of 2019.

Amerant Bancorp Inc. Reports Third Quarter Results

CORAL GABLES, Fla., Oct. 09, 2020 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report third quarter 2020 earnings results before the market opens on Thursday, October 29. Millar Wilson, Chief Executive Officer, and Carlos Iafigliola, Chief Financial Officer, will host a conference call, joined by Miguel Palacios, Chief Business Officer, that morning at 9:30 AM ET to discuss the Company’s financial and operating results for the quarter.

Amerant Bancorp Inc. to Announce Third Quarter 2020 Financial Results and Host Conference Call October 29, 2020

Bank Credited for its Creativity and Impactful Use of Technology Bank Credited for its Creativity and Impactful Use of Technology

Amerant Recognized in Mastercard’s Annual Community Institution Segment Awards with Innovation Award

CORAL GABLES, Fla., Sept.  01, 2020  (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) announced today that Adrian D. Collard has been named Senior Vice President and Chief Marketing Officer (CMO). Collard, who is recognized as an industry innovator, will be responsible for all facets of the Company’s marketing strategy, integrating Brand-building initiatives, digital marketing, media, and data & analytics to enhance Amerant’s value proposition, drive business growth opportunities, and deliver the customer experience.

Amerant Bancorp Names Adrian D. Collard as Chief Marketing Officer

Amerant Bancorp Inc. (AMTB) CEO Millar Wilson on Q2 2020 Results - Earnings Call Transcript

Shares of Amerant Bancorp (NASDAQ:AMTB) were flat in pre-market trading after the company reported Q2 results.

Amerant Bancorp: Q2 Earnings Insights

CORAL GABLES, Fla. , July  10, 2020  (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report second quarter 2020 earnings results before the market opens on Friday, July 24. Millar Wilson, Chief Executive Officer, and Carlos Iafigliola, Chief Financial Officer, will host a conference call, joined by Miguel Palacios, Chief Business Officer, that morning at 9:30 AM ET to discuss the Company’s financial and operating results for the quarter.

Amerant Bancorp Inc. to Announce Second Quarter 2020 Financial Results and Host Conference Call July 24, 2020

CORAL GABLES, Fla., June  23, 2020  (GLOBE NEWSWIRE) -- AMERANT BANCORP INC. (NASDAQ: AMTB and AMTBB) (the “Company”) today announced the closing of its previously announced registered offering of senior notes due 2025 (the "Notes"). Due to the incremental demand for the Notes, the Company increased the size of its offering to an aggregate principal amount of $60.0 million of Notes. The Notes bear interest at 5.75% per annum, payable semi-annually in arrears on June 30 and December 30 of each year, commencing on December 30, 2020 and ending on the earlier of the optional redemption date (which is on or after three months prior to the maturity of the Notes) or the maturity date. The Notes are unsecured and unsubordinated, and rank equally with all of the Company’s existing and future unsecured and unsubordinated indebtedness. The Notes are fully and unconditionally guaranteed by the Company’s wholly-owned subsidiary, Amerant Florida Bancorp Inc. The Notes will mature on June 30, 2025.

Amerant Bancorp Inc. Announces Closing of $60.0 Million Senior Notes Offering

CORAL GABLES, Fla., June  17, 2020  (GLOBE NEWSWIRE) -- AMERANT BANCORP INC. (NASDAQ: AMTB and AMTBB) (the “Company”) today announced the pricing of its previously announced registered offering of senior notes due 2025 (the "Notes"). The Notes will be for an aggregate principal amount of $46.0 million. The Notes will bear interest at 5.75% per annum, payable semi-annually in arrears on June 30 and December 30 of each year, commencing on December 30, 2020 and ending on the earlier of the optional redemption date (which is on or after three months prior to the maturity of the Notes) or the maturity date. The Notes will be unsecured and unsubordinated, and will rank equally with all of the Company’s existing and future unsecured and unsubordinated indebtedness. The Notes will be fully and unconditionally guaranteed by the Company’s wholly-owned subsidiary, Amerant Florida Bancorp Inc. The Notes will mature on June 30, 2025. The offering is expected to close on June 23, 2020, subject to customary closing conditions.

AMERANT BANCORP INC. Announces Pricing of Senior Notes Offering

CORAL GABLES, Fla., June  16, 2020  (GLOBE NEWSWIRE) -- AMERANT BANCORP INC. (NASDAQ: AMTB and AMTBB) (the “Company”) today announced the commencement of a registered public offering of senior notes due 2025 (the “Notes”). The Notes will be unsecured and unsubordinated will rank equally with all of the Company’s existing and future unsecured and unsubordinated indebtedness. The Notes will be fully and unconditionally guaranteed by the Company’s wholly-owned subsidiary, Amerant Florida Bancorp Inc. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Amerant Bancorp Inc. Announces Offering of Senior Notes Due 2025

CORAL GABLES, Fla., May  18, 2020  (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) announced today that Carlos Iafigliola has been named Executive Vice President and Chief Financial Officer (CFO). Mr. Iafigliola has served as interim CFO since March 16, 2020 and has been with Amerant since 2004. 

Amerant Bancorp Announces Carlos Iafigliola as Chief Financial Officer

Amerant Bancorp Inc. (AMTB) CEO Millar Wilson on Q1 2020 Results - Earnings Call Transcript

Shares of Amerant Bancorp (NASDAQ:AMTB) were unchanged at $12.44 in pre-market trading after the company reported Q1 results.

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