Amerant Bancorp Inc Financials

AMTB

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Amerant Bancorp Inc (AMTB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Amerant Bancorp Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-5.22x

For every $1 of reported earnings, Amerant Bancorp Inc generates $-5.22 in operating cash flow ($82.2M OCF vs -$15.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$595.6M

YoY+8.6%

5Y CAGR+13.7%

Amerant Bancorp Inc generated $595.6M in revenue in fiscal year 2024. This represents an increase of 8.6% from the prior year.

EBITDA

N/A

Free Cash Flow

$74.8M

YoY+373.7%

5Y CAGR+3.1%

Amerant Bancorp Inc generated $74.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 373.7% from the prior year.

Net Income

-$15.8M

YoY-148.5%

Amerant Bancorp Inc reported -$15.8M in net income in fiscal year 2024. This represents a decrease of 148.5% from the prior year.

EPS (Diluted)

$-0.44

YoY-145.8%

Amerant Bancorp Inc earned $-0.44 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 145.8% from the prior year.

Cash & Debt

$590.4M

YoY+83.4%

5Y CAGR+37.2%

Amerant Bancorp Inc held $590.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-2.6%

YoY-8.6pp

5Y CAGR-19.0pp

Amerant Bancorp Inc's net profit margin was -2.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$7.6M

YoY+53.2%

Amerant Bancorp Inc spent $7.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 53.2% from the prior year.

Capital Expenditures

$7.4M

YoY-32.3%

5Y CAGR-12.3%

Amerant Bancorp Inc invested $7.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 32.3% from the prior year.

AMTB Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$595.6M+8.6%	$548.6M+61.9%	$338.8M+36.7%	$247.8M-4.9%	$260.6M-16.7%	$313.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$269.6M+21.4%	$222.1M+208.0%	$72.1M+68.9%	$42.7M-39.9%	$71.0M-28.9%	$99.9M
Income Tax	-$8.3M-179.1%	$10.5M-36.6%	$16.6M-50.7%	$33.7M+1390.5%	-$2.6M-120.6%	$12.7M
Net Income	-$15.8M-148.5%	$32.5M-48.7%	$63.3M-43.9%	$112.9M+6657.5%	-$1.7M-103.4%	$51.3M
EPS (Diluted)	$-0.44-145.8%	$0.96-48.1%	$1.85-38.5%	$3.01+7625.0%	$-0.04-103.3%	$1.20

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$152.7M+1.1%	$151.1M+3.2%	$146.4M-4.3%	$152.9M+4.4%	$146.4M+1.2%	$144.6M-0.6%	$145.6M+4.4%	$139.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$58.6M-3.3%	$60.6M+0.2%	$60.5M-7.3%	$65.3M-2.6%	$67.1M+0.6%	$66.7M+4.3%	$63.9M+5.1%	$60.8M
Income Tax	$4.3M-37.4%	$6.8M+95.8%	$3.5M+203.9%	$1.1M-16.0%	$1.4M-53.0%	$2.9M+197.4%	-$3.0M-146.9%	$6.3M
Net Income	$14.8M-35.8%	$23.0M+92.4%	$12.0M-29.2%	$16.9M+240.1%	$5.0M-53.0%	$10.6M+161.7%	-$17.1M-177.4%	$22.1M
EPS (Diluted)	$0.35-36.4%	$0.55+96.4%	$0.28-47.2%	$0.53+253.3%	$0.15-51.6%	$0.31+159.6%	$-0.52-178.8%	$0.66

AMTB Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.9B+1.9%	$9.7B+6.4%	$9.1B+19.5%	$7.6B-1.7%	$7.8B-2.7%	$8.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$590.4M+83.4%	$321.9M+10.8%	$290.6M+6.0%	$274.2M+27.9%	$214.4M+76.7%	$121.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.2M0.0%	$19.2M-1.6%	$19.5M0.0%	$19.5M0.0%	$19.5M0.0%	$19.5M
Total Liabilities	$9.0B+0.3%	$9.0B+6.6%	$8.4B+23.7%	$6.8B-2.6%	$7.0B-2.3%	$7.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$890.5M+21.0%	$736.1M+4.3%	$705.7M-15.2%	$831.9M+6.2%	$783.4M-6.1%	$834.7M
Retained Earnings	$582.2M-4.7%	$610.8M+3.5%	$590.4M+6.7%	$553.2M+25.0%	$442.4M-0.4%	$444.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$10.4B+0.7%	$10.3B+1.6%	$10.2B+2.7%	$9.9B+1.6%	$9.7B-0.7%	$9.8B+1.0%	$9.7B+4.0%	$9.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$630.9M-0.9%	$636.8M-1.8%	$648.4M+9.8%	$590.4M+90.2%	$310.3M-53.0%	$659.7M+104.9%	$321.9M+4.2%	$309.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M-6.5%	$20.5M
Total Liabilities	$9.5B+0.6%	$9.4B+1.6%	$9.3B+2.8%	$9.0B0.0%	$9.0B-0.7%	$9.1B+1.1%	$9.0B+4.1%	$8.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$944.9M+2.2%	$924.3M+2.0%	$906.3M+1.8%	$890.5M+21.3%	$734.3M-0.5%	$738.1M+0.3%	$736.1M+2.3%	$719.8M
Retained Earnings	$620.5M+1.8%	$609.5M+3.3%	$590.3M+1.4%	$582.2M-6.1%	$620.3M+0.3%	$618.4M+1.2%	$610.8M-3.2%	$630.9M

AMTB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$82.2M+207.6%	$26.7M+154.4%	-$49.2M-172.9%	$67.4M+17.8%	$57.2M-27.0%	$78.4M
Capital Expenditures	$7.4M-32.3%	$10.9M+2.9%	$10.6M+61.6%	$6.6M+18.0%	$5.6M-60.9%	$14.3M
Free Cash Flow	$74.8M+373.7%	$15.8M+126.4%	-$59.8M-198.2%	$60.9M+17.8%	$51.7M-19.4%	$64.1M
Investing Cash Flow	-$576.7M+4.9%	-$606.6M+56.6%	-$1.4B-462.6%	$385.3M+34.6%	$286.3M+39.1%	$205.8M
Financing Cash Flow	$763.0M+24.8%	$611.2M-58.2%	$1.5B+472.3%	-$392.9M-56.8%	-$250.5M-0.8%	-$248.6M
Dividends Paid	$12.8M+6.3%	$12.1M-1.4%	$12.2M	$0	$0	$0
Share Buybacks	$7.6M+53.2%	$4.9M-93.2%	$72.1M+98.3%	$36.3M	$0	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$22.7M-60.6%	$57.6M+185.0%	$20.2M-73.9%	$77.5M+3410.8%	-$2.3M-184.0%	$2.8M+119.6%	-$14.3M-129.2%	$48.8M
Capital Expenditures	-$1.0M-175.9%	$1.3M-39.4%	$2.2M+179.2%	$792K-47.6%	$1.5M-56.6%	$3.5M+33.1%	$2.6M+144.5%	$1.1M
Free Cash Flow	$21.7M-61.5%	$56.3M+212.5%	$18.0M-76.5%	$76.7M+2091.4%	-$3.9M-455.3%	-$694K+95.9%	-$16.9M-135.3%	$47.8M
Investing Cash Flow	-$75.9M+62.4%	-$202.1M+9.4%	-$223.1M+25.2%	-$298.3M+9.0%	-$327.9M-214.4%	$286.7M+176.5%	-$374.6M-1846.0%	$21.5M
Financing Cash Flow	$47.3M-64.4%	$132.9M-49.0%	$260.9M+87.3%	$139.3M+828.5%	-$19.1M-139.6%	$48.3M-88.0%	$401.8M+294.7%	-$206.4M
Dividends Paid	$3.8M-0.3%	$3.8M-3.1%	$3.9M+2.8%	$3.8M+25.1%	$3.0M+0.4%	$3.0M+0.1%	$3.0M-0.2%	$3.0M
Share Buybacks	$10.0M+100.0%	$5.0M0.0%	$5.0M	$0-100.0%	$4.4M	$0	$0-100.0%	$2.7M

AMTB Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-2.6%-8.6pp	5.9%-12.8pp	18.7%-26.9pp	45.6%+46.2pp	-0.7%-17.1pp	16.4%
Return on Equity	N/A	4.4%-4.6pp	9.0%-4.6pp	13.6%	N/A	6.2%
Return on Assets	-0.2%-0.5pp	0.3%-0.4pp	0.7%-0.8pp	1.5%+1.5pp	-0.0%-0.7pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.12-2.1	12.20+0.3	11.93+3.8	8.18-0.7	8.92+0.4	8.57
FCF Margin	12.6%+9.7pp	2.9%+20.5pp	-17.6%-42.2pp	24.6%+4.7pp	19.8%-0.7pp	20.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.7%-5.6pp	15.2%+7.1pp	8.2%-2.9pp	11.0%+7.6pp	3.4%-3.9pp	7.3%+19.1pp	-11.8%-27.6pp	15.9%
Return on Equity	1.6%-0.9pp	2.5%+1.2pp	1.3%-0.6pp	1.9%+1.2pp	0.7%-0.8pp	1.4%	N/A	3.1%
Return on Assets	0.1%-0.1pp	0.2%+0.1pp	0.1%-0.1pp	0.2%+0.1pp	0.1%-0.1pp	0.1%+0.3pp	-0.2%-0.4pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.02-0.2	10.18-0.0	10.22+0.1	10.12-2.2	12.27-0.0	12.30+0.1	12.20+0.2	11.98
FCF Margin	14.2%-23.0pp	37.2%+24.9pp	12.3%-37.9pp	50.2%+52.8pp	-2.6%-2.2pp	-0.5%+11.1pp	-11.6%-45.9pp	34.3%

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Frequently Asked Questions

What is Amerant Bancorp Inc's annual revenue?

Amerant Bancorp Inc (AMTB) reported $595.6M in total revenue for fiscal year 2024. This represents a 8.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Amerant Bancorp Inc's revenue growing?

Amerant Bancorp Inc (AMTB) revenue grew by 8.6% year-over-year, from $548.6M to $595.6M in fiscal year 2024.

Is Amerant Bancorp Inc profitable?

No, Amerant Bancorp Inc (AMTB) reported a net income of -$15.8M in fiscal year 2024, with a net profit margin of -2.6%.

What is Amerant Bancorp Inc's earnings per share (EPS)?

Amerant Bancorp Inc (AMTB) reported diluted earnings per share of $-0.44 for fiscal year 2024. This represents a -145.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Amerant Bancorp Inc's net profit margin?

Amerant Bancorp Inc (AMTB) had a net profit margin of -2.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Amerant Bancorp Inc's free cash flow?

Amerant Bancorp Inc (AMTB) generated $74.8M in free cash flow during fiscal year 2024. This represents a 373.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Amerant Bancorp Inc's operating cash flow?

Amerant Bancorp Inc (AMTB) generated $82.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Amerant Bancorp Inc's total assets?

Amerant Bancorp Inc (AMTB) had $9.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Amerant Bancorp Inc's capital expenditures?

Amerant Bancorp Inc (AMTB) invested $7.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Amerant Bancorp Inc buy back shares?

Yes, Amerant Bancorp Inc (AMTB) spent $7.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Amerant Bancorp Inc's debt-to-equity ratio?

Amerant Bancorp Inc (AMTB) had a debt-to-equity ratio of 10.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Amerant Bancorp Inc's return on assets (ROA)?

Amerant Bancorp Inc (AMTB) had a return on assets of -0.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Amerant Bancorp Inc's Piotroski F-Score?

Amerant Bancorp Inc (AMTB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Amerant Bancorp Inc's earnings high quality?

Amerant Bancorp Inc (AMTB) has an earnings quality ratio of -5.22x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.