Amerant Bancorp Inc Stock Price, News & Analysis

Amerant Bancorp (NYSE: AMTB) has announced the appointment of two new board members: Patricia "Patty" Morrison and Jack Kopnisky. Morrison brings extensive technology leadership experience as former CIO of Cardinal Health and board expertise from various Fortune 500 companies. Kopnisky contributes over 40 years of financial services experience, most recently serving as Executive Chairman of Webster Financial Corporation.

These appointments follow the addition of Lisa Lutoff-Perlo and Odilon Almeida Júnior to the board in January 2025, demonstrating Amerant's commitment to strategic growth and board strengthening as it aims to become Florida's bank of choice.

Amerant Bank (AMTB) has appointed Elliot Shafer as SVP, Head of Business Development to drive the bank's growth initiatives across South Florida. In his new role, Shafer will focus on identifying and pursuing business opportunities aligned with Amerant's strategic objectives across all business lines. He will lead efforts to expand market presence, develop networks, establish partnerships, and promote cross-selling activities. Shafer, a Wayne State University graduate, brings significant commercial and business banking experience from his previous roles as Senior Vice President, Market Director at Huntington National Bank and middle market leadership positions at TCF Bank.

Amerant Bancorp (NYSE: AMTB) has announced a quarterly cash dividend of $0.09 per share of common stock. The dividend will be paid on May 30, 2025, to shareholders of record as of May 15, 2025.

Amerant Bancorp, headquartered in Coral Gables, Florida, operates through its main subsidiary, Amerant Bank, N.A., along with Amerant Investments and Amerant Mortgage. The bank has been operating for over 40 years and maintains 20 banking centers, with 19 locations in South Florida and 1 in Tampa, providing deposit, credit, and wealth management services to individuals and businesses.

Amerant Bancorp (NYSE: AMTB) reported Q1 2025 net income of $12.0 million ($0.28 per diluted share), down from $16.9 million ($0.40 per share) in Q4 2024. Total assets increased 2.7% to $10.2 billion, while total deposits grew 3.8% to $8.2 billion.

Key metrics include:

• Net Interest Margin remained stable at 3.75%
• Loan-to-deposit ratio decreased to 88.5% from 92.6%
• Total gross loans decreased 0.7% to $7.2 billion
• Core deposits increased 6.6% to $6.0 billion
• Non-performing assets rose 15.2% to $140.8 million

The company declared a quarterly cash dividend of $0.09 per common share, payable on May 30, 2025. Additionally, Amerant plans to scale back its residential mortgage operations to focus on the Florida market.

Amerant Bank (AMTB) has announced the opening of its new West Palm Beach Banking Center and Regional Headquarters Office, located in CityPlace Tower at 525 Okeechobee Boulevard. The strategic expansion strengthens the bank's presence in Palm Beach County and South Florida markets.

The new location is situated in the CityPlace area, which encompasses 600,000 square feet of retail businesses, restaurants, theaters, and residential properties near high-valued real estate. The banking center will feature state-of-the-art design and private client services through experienced financial advisors.

According to Jerry Plush, Chairman & CEO of Amerant Bank, this expansion represents an opportunity to create meaningful connections and invest in the local economy. The regional headquarters will serve as a hub for future expansion efforts, with plans to add more commercial and private bankers in the coming months.

Amerant Bancorp (NYSE: AMTB) has scheduled the release of its first quarter 2025 financial results for Wednesday, April 23, 2025, after market close. The company will host a conference call to discuss the quarterly results on Thursday, April 24, 2025, at 8:30 AM ET.

Chairman and CEO Jerry Plush, along with Senior Executive Vice-President and CFO Sharymar Calderón, will lead the conference call. Investors can access the results through the company's investor relations website and participate in the call via dial-in numbers (866) 405-1245 or (215) 268-9857. A webcast replay will be available on the company's website for approximately one month.

Amerant Bank has appointed Jeffrey K. Tischler as SEVP and Chief Credit Officer, effective March 17, 2025. In his new role, Tischler will oversee Credit Services, Portfolio Management, and Credit Risk functions while serving on the Executive Management Committee.

Tischler brings over 20 years of experience in banking and credit risk management. He previously served as Chief Credit Officer at City National Bank in Los Angeles and held senior leadership positions at Fifth Third Bank, including Credit Risk Executive and Head of Wholesale Excellence.

The appointment aligns with Amerant's strategic growth agenda, focusing on strengthening credit and risk management capabilities. Tischler holds a bachelor's degree in business administration from Eastern Michigan University and has served on boards including Camp Tamarack and Jewish Vocational Services in Detroit.

Amerant Bank has announced NBA star Bam Adebayo as its newest brand ambassador, strengthening its presence in South Florida. The three-time NBA All-Star and Miami Heat player will participate in the bank's marketing initiatives through advertising, social media, and community engagement activities.

As part of this partnership, Adebayo will be featured in marketing campaigns, promotional content, and exclusive events, including meet-and-greets at Miami Heat's arena. He joins Amerant's existing roster of athlete ambassadors, including Raheem Mostert, Averee Dovsek, and Matthew Tkachuk.

The collaboration aligns with Amerant's sports partnerships portfolio, which includes naming rights to Amerant Bank Arena and partnerships with the Florida Panthers, Miami Heat, Miami Marlins, Tampa Bay Rays, and Fort Lauderdale United FC.

Amerant Bancorp (NYSE: AMTB) reported Q4 2024 net income of $16.9 million ($0.40 per diluted share), compared to a Q3 2024 net loss of $48.2 million. For full-year 2024, the company reported a net loss of $15.8 million compared to net income of $32.5 million in 2023.

Key Q4 metrics: Total assets decreased 4.40% to $9.9 billion, gross loans declined 3.90% to $7.27 billion, and deposits decreased 3.17% to $7.9 billion. Net interest margin improved to 3.75% from 3.49% in Q3, while net interest income increased 8.2% to $87.6 million. The efficiency ratio improved to 74.91% from 228.74% in Q3.

The company declared a cash dividend of $0.09 per share, payable February 28, 2025. Management expects assets to exceed $10 billion in Q1 2025, with focus on executing their Florida growth strategy.