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.
Amerant Bancorp Inc operates as a commercial banking institution serving customers throughout the United States and international markets. The bank's news flow reflects the operational developments typical of a regional financial institution, including quarterly earnings releases, executive appointments, branch expansion announcements, and strategic partnerships.
Earnings reports provide insight into the bank's net interest income trends, loan portfolio growth, asset quality metrics, and efficiency ratios. These quarterly releases reveal how Amerant's lending operations and deposit-gathering activities perform across different economic conditions. Commercial banking earnings are particularly sensitive to interest rate environments, credit quality, and operating expense management.
Executive appointments and organizational changes signal the bank's strategic priorities and operational focus areas. Leadership transitions in key positions such as commercial lending, risk management, and retail banking operations often indicate shifts in business emphasis or geographic expansion plans. Branch openings and market expansion announcements demonstrate the bank's geographic growth strategy and commitment to specific markets. Physical branch presence remains important for commercial banks serving business customers who value relationship banking and in-person service for complex transactions.
Partnership announcements with technology providers, payment platforms, and community organizations reflect how the bank enhances its service offerings and operational capabilities. These partnerships allow mid-sized banks to offer competitive technology solutions without building every capability in-house. Dividend declarations indicate the bank's capital position and commitment to shareholder returns, balancing capital retention for growth with distributions to investors.
Bookmark this page to track Amerant's operational developments, financial performance, expansion initiatives, and strategic announcements as the bank navigates the competitive commercial banking landscape.
On January 18, 2023, Amerant Bancorp Inc. (NASDAQ: AMTB) announced a cash dividend of $0.09 per share, payable on February 28, 2023. Shareholders of record must be noted by the close of business on February 13, 2023. Amerant Bancorp operates the largest community bank in Florida, with 23 banking centers, providing a range of deposit, credit, and wealth management services. Established in 1979, it continues to serve individuals and businesses across the U.S.
Amerant Bancorp reported a net income of $18.8 million in Q4 2022, representing $0.55 per diluted share, despite a provision for credit losses of $20.9 million. The full-year net income reached $63.3 million or $1.85 per share. Total assets climbed to $9.1 billion, up 4.44% quarter-over-quarter, and total deposits increased 6.92% to $7.04 billion. The adoption of the CECL accounting standard impacted the allowance for credit losses, raising it to $83.5 million. The board declared a cash dividend of $0.09 per share, payable on February 28, 2023. An earnings call is scheduled for January 20, 2023.
Amerant Bancorp Inc. (NASDAQ: AMTB) will announce its fourth quarter 2022 earnings results on January 19, 2023, after market close. Investors can access the results through the company's investor relations website. A conference call will follow on January 20, 2023, at 9:00 AM ET, featuring CEO Jerry Plush and CFO Carlos Iafigliola discussing the financial results. Amerant Bancorp, headquartered in Coral Gables, is the largest community bank in Florida and operates 23 banking centers across South Florida and Texas.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced a new share repurchase program totaling $25 million, effective from January 1, 2023, until December 31, 2023. The program allows repurchases of Class A shares under various conditions and aims to enhance shareholder value. CEO Jerry Plush emphasized that this initiative represents prudent capital management. However, repurchases will commence only post the release of Q4 2022 earnings in January 2023. The company maintains discretion over timing and volume based on market conditions.
Amerant Bancorp Inc. (NASDAQ: AMTB) has appointed Erin Knight to its Board of Directors, effective December 15, 2022. Knight is currently the President of Monument Capital Management and brings extensive banking experience from organizations like SouthTrust and Regions Bank. CEO Jerry Plush expressed enthusiasm about her appointment, citing her vast expertise in financial services as a valuable asset for the company’s strategic goals. Knight's leadership is expected to enhance Amerant's focus on customer and community needs.
Amerant Bank and United Way Miami announced that the Amerant Bank 5K will occur on January 22, 2023, in Coral Gables, marking the second year of sponsorship. The event aims to support United Way Miami's mission in education, financial stability, and health. Participants can enjoy a scenic 5K run or walk followed by a celebration. Early registration is set at $30 and will increase closer to the race date. This partnership highlights Amerant Bank's commitment to community involvement.
Amerant Bank has announced a multi-year partnership with the Florida Panthers, becoming the Official Bank of the team and the FLA Live Arena. This partnership includes rebranding the center-ice premium seating area as the ‘Amerant Vault’, enhancing fan experiences with exclusive amenities. The deal will also extend Amerant’s branding visibility during games, and a portion of proceeds from player saves will support local veterans. Additional financial literacy opportunities will be offered to young fans through the Panthers Kids Club.
Amerant Bancorp Inc. (NASDAQ: AMTB) reported a net income of $20.9 million in Q3 2022, a substantial increase from $7.7 million in Q2 2022. Total assets grew by 7.22% to $8.7 billion, while gross loans rose 11.2% to $6.5 billion. The average yield on loans increased to 5.06%. Non-performing loans decreased by 25.5% to $18.7 million. The board declared a cash dividend of $0.09 per common share, payable on November 30, 2022. The efficiency ratio improved to 65.4%.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced on October 19, 2022, that its Board of Directors declared a cash dividend of $0.09 per share on common stock. This dividend is payable on November 30, 2022, for shareholders of record by November 15, 2022. Headquartered in Coral Gables, Florida, Amerant operates through its principal subsidiary, Amerant Bank, and offers a range of banking services across 23 locations in South Florida and Houston, Texas.
FAQ
What is the current stock price of Amerant Bancorp (AMTB)?
What is the market cap of Amerant Bancorp (AMTB)?
