Amerant Bancorp Inc Stock Price, News & Analysis

Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) has announced that it will release its third quarter 2021 earnings results on October 21, 2021, before market opening. The conference call, hosted by CEO Jerry Plush and CFO Carlos Iafigliola, is scheduled for 9:00 AM ET, and will discuss the Company’s financial performance for the quarter. Interested parties can access the call via phone or online. Amerant Bancorp operates mainly in the U.S. and offers various banking services, being the second largest community bank in Florida.

Amerant Bancorp has announced plans for a clean-up merger, pending shareholder approval, where Class B common stock will be converted into Class A common stock at a ratio of 0.95. Additionally, a new class of Non-Voting Class A common stock will be created for shareholders exceeding an 8.9% ownership threshold post-merger. The company also initiated a $50 million share repurchase program for Class A stock, following a previous $78 million buyback of Class B shares. A special shareholders meeting is expected in early December 2021 for merger approval.

Amerant Bank has selected Alloy, an identity decisioning platform, to automate its customer onboarding identity verification. This partnership aims to streamline processes for both businesses and individual customers, enhancing compliance and reducing manual reviews. Operating nearly $8 billion in assets, Amerant Bank is focused on improving the customer experience while meeting regulatory requirements. The integration includes access to over 85 data sources to verify identities online and in-branch, promoting a seamless onboarding process and minimizing fraud exposure.

Amerant Bancorp Inc. reported a net income of $16.0 million or $0.42 per diluted share in Q2 2021, a 10.4% increase from Q1 2021. The annualized ROA and ROE improved to 0.83% and 8.11% respectively. Net Interest Income rose 5.1% quarter-over-quarter to $50.0 million, while Net Interest Margin reached 2.81%. Noninterest income increased by 11.1% to $15.7 million. Total loans were $5.6 billion, a 2.5% decrease from Q1 2021, with total deposits at $5.7 billion, down 0.1%. Stockholders' book value per share increased to $21.27.

Zimmerman Advertising has been selected as the marketing partner for Amerant Bank to enhance brand awareness and drive business development. The collaboration aims to foster a comprehensive marketing strategy, including creative services and analytics. Amerant Bank serves South Florida and Houston and emphasizes fintech partnerships and ESG strategies. This partnership aligns with Amerant's commitment to improving customer service and shareholder value. CEO Jerry Plush expressed enthusiasm for the partnership, while Zimmerman’s founder highlighted their goal to offer personalized banking services.

Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) will report its second quarter 2021 earnings on July 22, before market opening. CEO Jerry Plush and CFO Carlos Iafigliola will host a conference call at 9:00 AM ET to discuss the results. The call will be accessible on their investor relations website and via phone with specific dial-in numbers. Amerant Bancorp, headquartered in Coral Gables, Florida, operates as a community bank with 25 banking centers in Florida and Texas, offering a variety of financial services.

Amerant Bancorp (NASDAQ: AMTB, AMTBB) announced the appointment of Christine Esteve as Executive Vice President and Chief Marketing Officer. Esteve, a marketing veteran with nearly 30 years of experience, will oversee brand strategy, advertising, and customer research. She previously served as Vice President of Performance Marketing at Carnival Cruise Line, where she led initiatives in brand management and eCommerce. CEO Jerry Plush expressed confidence in Esteve's ability to elevate the company's brand during its growth phase.

Amerant Bank has partnered with Marstone, Inc to enhance its online wealth management services. This collaboration aims to improve customer relationships through sophisticated digital solutions that provide a comprehensive financial outlook. As of Q1 2021, Amerant surpassed $2 billion in assets under management (AUM). The partnership is expected to drive further growth in AUM by offering personalized and proactive banking experiences. Amerant Bank operates 25 centers across Florida and Texas, serving both domestic and international clients.

Amerant Mortgage has acquired First Mortgage Company, rebranding it and marking Amerant's first office outside Florida. This strategic move enhances access to federal housing agencies and aligns with growing demand for residential mortgages. The acquisition integrates First Mortgage's 35 years of local experience, positioning Amerant as a market leader in Idaho's residential financing sector. Amerant seeks to address increasing demand by offering a diverse range of mortgage products.