Welcome to our dedicated page for Amerant Bancorp news (Ticker: $AMTB), a resource for investors and traders seeking the latest updates and insights on Amerant Bancorp stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amerant Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amerant Bancorp's position in the market.
Rhea-AI Summary
Amerant Bancorp Inc. (NYSE: AMTB) reported net income of $10.6 million in Q1 2024, compared to a net loss of $17.1 million in Q4 2023. The company declared a cash dividend of $0.09 per share, showing a positive turnaround in financial performance. Total assets increased to $9.8 billion, with organic loan and deposit growth. Despite a decrease in total gross loans, cash and cash equivalents saw a significant rise. Non-performing assets decreased, and the allowance for credit losses increased slightly. The company's efficiency ratio improved, with positive returns on average assets and equity.
Rhea-AI Impact
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End-of-Day
-2.82%
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Rhea-AI Summary
Amerant Bancorp Inc. (NYSE: AMTB) has declared a cash dividend of $0.09 per-share of Amerant common stock. The dividend is payable on May 30, 2024, to shareholders of record at the close of business on May 15, 2024.
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End-of-Day
-2.82%
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Rhea-AI Summary
MidFirst Bank, the largest privately owned bank in the nation, is set to acquire the Houston banking locations of Amerant Bank, a subsidiary of Amerant Bancorp Inc. (NYSE: AMTB). This acquisition will add six Amerant Bank locations to MidFirst's footprint, bringing in approximately $576 million in deposits and $529 million in loans. The move aligns with MidFirst's growth strategy in Texas and the Western United States, enhancing its presence in the Houston market and expanding its banking services. The transaction is expected to close later this year, subject to regulatory approval.
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2.36%
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Amerant Bancorp Inc. announced the sale of its Texas operations to MidFirst Bank, including $576 million in deposits and $529 million in loans. The decision was made to focus on expansion plans in Florida and Tampa, with the transaction expected to close in the second half of 2024.
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2.36%
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Amerant Bank partners with NHL star Matthew Tkachuk for a marketing campaign to promote the new co-branded Florida Panthers Debit Card. The bank's Imagine Tomorrow campaign gains visibility as it expands to new locations like Tampa, Broward County, and Downtown Miami.
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0.52%
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Amerant Bancorp Inc. (NYSE: AMTB) announced the release of its first quarter 2024 earnings results on April 24, 2024. The company will host a conference call on April 25, 2024, to discuss the financial and operating results for the quarter.
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-2.19%
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Amerant Bank announces a strategic partnership with the Miami Marlins, becoming the 'Hometown Bank' of the team. The partnership includes extensive brand presence in the ballpark, sponsorship of the 'Marlins Saves' program, and a donation for every save the Marlins record at loanDepot park.
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1.15%
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Amerant Bank expands its footprint in Ft. Lauderdale, FL, with the opening of a new banking center on Las Olas Blvd, showcasing its commitment to providing relationship-centric banking services. The bank aims to deliver exceptional service to clients in Broward County through personalized banking solutions for consumers and businesses.
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4.61%
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Amerant Investments, a subsidiary of Amerant Bank, partners with iCapital to offer financial advisors and clients access to private market opportunities and analytics. The collaboration aims to provide a wide range of alternative investment options through iCapital's technology platform, education resources, and distribution support.
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Amerant Bank, the largest community bank headquartered in Florida, has opened its first banking center in Tampa, FL, strategically located in the Westshore Business District. The bank plans to open a new regional corporate office in the area, demonstrating continued growth and support for the community. The expansion aims to provide a comprehensive suite of customized banking services for consumers and businesses, along with private client services and commercial banking. Since expanding into the Tampa Bay market, Amerant has seen exponential growth in team members with deep roots in the area, providing various financial services.
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Rhea-AI Sentiment
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-1.42%
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Amerant Bancorp Inc.
NYSE:AMTB
AMTB Rankings
AMTB Stock Data
756.58M
27.04M
19.94%
47.48%
1.37%
Commercial Banking
Finance and Insurance
United States of America
CORAL GABLES
About AMTB
amerant bancorp inc. operates as the bank holding company for amerant bank, n.a. that provides banking products and services to individuals and businesses in the united states and internationally. it offers a range of checking and savings accounts, certificates of deposit, and money market accounts. the company 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. in addition, it offers trust and estate planning products and services, brokerage and investment advisory services in global capital markets, and wealth management and fiduciary services. further, the company provides debit and credit cards; remote deposit