For the quarter ended December 2023, Amerant Bancorp Inc. (AMTB) reported revenue of $101.29 million, down 4.9% over the same period last year. EPS came in at $0.46, compared to $0.40 in the year-ago quarter.The reported revenue represents a surprise of +10.67% over the Zacks Consensus Estimate of $91.52 million. With the consensus EPS estimate being $0.46, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Wall Street analysts forecast that Amerant Bancorp Inc. (AMTB) will report quarterly earnings of $0.46 per share in its upcoming release, pointing to a year-over-year increase of 15%. It is anticipated that revenues will amount to $91.52 million, exhibiting a decline of 14.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timefr ...

CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today announced that, on January 17, 2024, the Company’s Board of Directors declared a cash dividend of $0.09 per share of Amerant common stock. The dividend is payable on February 29, 2024, to shareholders of record at the close of business on February 14, 2024. About Amerant Bancorp Inc. (NYSE: AMTB) Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Comp ...

CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (“Amerant” or the “Company”), today announced it will release fourth quarter 2023 earnings results on Wednesday, January 24, 2024 after the market closes. Once released, investors may access Amerant’s earnings results at https://investor.amerantbank.com by choosing “Financial Results” under the “Financials Info” heading. On Thursday, January 25, 2024, Jerry Plush, Chairman and Chief Executive Officer, and Sharymar Calderón, Executive Vi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38534 Amerant Bancorp Inc. (Exact name of registrant as specified in its charter) Florida 65-003237 ...

Important Notices and Disclaimers 2 Forward-Looking Statements This presentation contains “forward-looking statements” including statements with respect to the Company’s objectives, expectations and intentions and other statements that are not historical facts. 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,” “indi ...

Call Start: 09:00 January 1, 0000 10:07 AM ET Amerant Bancorp Inc. (NYSE:AMTB) Q3 2023 Earnings Conference Call October 20, 2023 09:00 ET Company Participants Laura Rossi - Head of Investor Relations & Sustainability Jerry Plush - Chairman & Chief Executive Officer Sharymar Calderon - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Rose - Raymond James Brady Gailey - KBW Feddie Strickland - Janney Montgomery Scott Matt Olney - Stephens Operator Good day and thank you ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38534 Amerant Bancorp Inc. (Exact name of registrant as specified in its charter) Florida 65-0032379 (St ...

Financial Data and Key Metrics Changes - Net income attributable to the company was $7.3 million, down from $20.2 million in Q1 2023, primarily due to higher provision for credit losses [7][8] - Net interest margin (NIM) decreased to 3.83% from 3.9% in the previous quarter [7][8] - Total assets increased by $24 million, total gross loans rose to $7.22 billion, and total deposits grew to $7.58 billion, up $293 million from the last quarter [8][10] Business Line Data and Key Metrics Changes - Core pre-provision net revenue (PPNR) was $39.2 million, up from $37.1 million in the previous quarter [9] - Loans grew year-to-date by $297 million (4.3%) and $102 million (1.4%) in Q2 [10] - Deposits increased year-to-date by $535 million (7.6%) and $293 million (4%) in Q2 [10] Market Data and Key Metrics Changes - Domestic deposits accounted for 67% of total deposits, totaling $5.1 billion, up $222 million (4.5%) from the previous quarter [16] - International deposits, which make up 33% of total deposits, totaled $2.5 billion, up $71 million (3%) compared to the prior quarter [16] Company Strategy and Development Direction - The company aims to focus on organic deposit growth and reduce reliance on other funding sources, with a target loan-to-deposit ratio of 95% [10][16] - The banking center rationalization continues, with new locations opening and consolidations planned to improve efficiency [11][13] - The company is actively promoting its AmerantProtect product to ensure customer deposits are fully insured [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the pressure on margins due to competitive deposit pricing and indicated a potential NIM reduction of 18 to 20 basis points in the upcoming quarters [35][43] - The company expects stronger loan growth in Q3, driven by a solid pipeline and ongoing efforts in all served markets [42][56] - Management emphasized the importance of maintaining a focus on non-interest-bearing deposits to manage costs effectively [49][70] Other Important Information - The company repurchased 95,262 shares for $1.7 million under its $25 million share repurchase program [12][21] - The allowance for credit losses increased to $106 million, reflecting a provision for credit losses of $29.1 million in Q2 [15][30] - The transition from LIBOR to SOFR for approximately 390 loans totaling about $1.1 billion was successfully completed [29] Q&A Session Summary Question: Insights on deposit mix and NIM expectations - Management noted that while non-interest-bearing deposits decreased as a percentage, they still grew in absolute terms, and they aim to manage margin compression proactively [49][50] Question: Sources of loan growth - Growth is expected across all markets, with significant demand in South Florida, Tampa, and Houston, driven by relationship-building efforts [52][54] Question: Future expense management strategies - The company is reassessing all expense line items and exploring opportunities for cost reductions, including potential changes in office space utilization [57][58] Question: Share repurchase program outlook - Management intends to continue the share repurchase program prudently, balancing capital growth and dividend payments [61][62] Question: Performance of the New York office loan portfolio - The office loan portfolio is currently stable, with no immediate issues, although one loan has been flagged for concern [64][66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-38534 Amerant Bancorp Inc. (Exact name of registrant as specified in its charter) Florida 65-0032379 (State ...