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. (NYSE: AMTB) is a Florida-based bank holding company whose main subsidiary, Amerant Bank, N.A., has operated for over 45 years. Headquartered in Coral Gables, Florida, the company provides individuals and businesses with deposit, credit and wealth management services, primarily through a network of banking centers in South Florida and Tampa. The Amerant Bancorp news stream highlights developments that affect the company’s operations, financial performance and regional presence.
On this page, readers can follow AMTB news related to quarterly and annual financial results, earnings conference calls and investor presentations, as reported in company press releases and Form 8-K filings. Amerant regularly announces the timing of its earnings releases and webcasts, and discusses topics such as net income, asset quality, capital ratios and non-GAAP measures like pre-provision net revenue and core pre-provision net revenue.
News coverage also includes branch expansion and market updates. Recent releases describe new banking centers in Miami Beach, Bay Harbor Islands and Downtown Tampa, as well as the bank’s broader presence across South Florida and the Tampa Bay region. These announcements provide context on how Amerant is extending its physical footprint and serving residents, professionals and local businesses in key Florida markets.
In addition, the Amerant Bancorp news feed features corporate governance and leadership changes, such as the appointment of an Interim Chief Executive Officer and other senior executives, along with related compensation disclosures. Community and partnership news, including initiatives with organizations like Sedano’s Supermarkets, Fresco y Más and Centro Mater, appears alongside financial and operational updates, offering a fuller picture of the company’s activities.
Investors and observers can use this AMTB news page to track financial disclosures, executive transitions, regional expansion and community engagement efforts reported directly by Amerant Bancorp Inc. and its banking subsidiary.
Amerant Bank, one of Florida's largest community banks, has partnered with United Way Miami through 2024. This collaboration includes support for the United Way's annual 5K event in Coral Gables on January 23, 2022, aimed at enhancing access to quality education and promoting healthy living in Miami-Dade County. The partnership also features sponsorship of the Women United Let's Do Lunch Series to foster professional networking. Amerant's CEO Jerry Plush expressed pride in supporting a significant local organization committed to community improvement.
Raistone has successfully secured growth funding led by Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) to support its expansion amid significant growth. The fintech firm, known for enhancing working capital access, will utilize this funding to develop its finance APIs and expand its suite of financial solutions like Supply Chain Finance and Buy Now, Pay Later. Raistone aims to improve cash flow for businesses worldwide, responding to supply chain challenges. Their innovative platform connects various financial entities, facilitating smooth transactions.
Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) announced a multi-year outsourcing agreement with FIS, aiming to enhance operational efficiency and reduce costs. The Bank anticipates annual savings of about $12 million by outsourcing 90 positions to FIS, leveraging its technology for improved service offerings. This partnership is expected to accelerate Amerant's business transformation and optimize its operational targets. Both companies express optimism regarding collaboration benefits, with an emphasis on superior digital banking solutions.
Amerant Bancorp reported a net income of $17.0 million or $0.45 per diluted share for Q3 2021, up 6.7% from Q2 2021 and 900.7% year-over-year. Pre-provision net revenue reached $17.5 million, reflecting a 13.2% increase since Q2, while core PPNR improved to $18.3 million. Net interest income rose to $51.8 million, driven by lower deposit costs. Although total loans decreased by 2.3%, total deposits held steady at $5.6 billion. Amerant's book value per share improved to $21.68.
Amerant Bank, a major community bank in Florida, has partnered with fintechs Alloy and Q2 to enhance its digital banking offerings. This collaboration aims to streamline the process of opening new accounts and managing direct deposits, improving both customer experience and operational efficiency. With nearly $8 billion in assets and 25 branches across Florida and Texas, Amerant Bank focuses on digital transformation to facilitate faster onboarding for both individual and business clients. The integration of these fintech solutions promises a secure and efficient banking experience.
On October 8, 2021, Amerant Bank announced a partnership with the Florida Panthers to become their primary home helmet sponsor for the 2021-22 NHL season. Amerant's logo will appear on player helmets, debuting on October 9 against the Tampa Bay Lightning. This collaboration aims to enhance brand visibility and strengthen ties within the South Florida community. As part of the partnership, Amerant will feature its branding in team merchandise and marketing activities, reflecting its commitment to local growth.
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.