Amerant Bancorp (AMTB) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Amerant Bancorp Inc. reported revenue of $92.46 million for Q1 2024, a year-over-year decline of 9.1% and an EPS of $0.32 compared to $0.59 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $91.76 million by 0.76%, while the EPS fell short of the consensus estimate of $0.36 by 11.11% [1] Financial Metrics - Net interest margin was reported at 3.5%, slightly below the average estimate of 3.6% from three analysts [2] - Efficiency Ratio stood at 72%, better than the estimated 73.6% by three analysts [2] - Average balances of total interest-earning assets were $8.94 billion, surpassing the two-analyst average estimate of $8.69 billion [2] - Total Non-Performing Loans amounted to $30.30 million, lower than the average estimate of $32.21 million from two analysts [2] - Net charge-offs as a percentage of average total loans held for investment were 0.7%, higher than the average estimate of 0.4% [2] - Total Non-Performing Assets were reported at $50.48 million, slightly below the two-analyst average estimate of $51.52 million [2] - Noninterest income was $14.49 million, close to the average estimate of $14.60 million from three analysts [2] - Net interest income reached $77.97 million, exceeding the average estimate of $77.40 million from three analysts [2] Stock Performance - Shares of Amerant Bancorp have returned +3.4% over the past month, contrasting with the Zacks S&P 500 composite's -3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]