Amerant Bancorp Inc Stock Price, News & Analysis

Amerant Bank has climbed to rank 41 on Newsweek's 2024 list of America's Most Loved Workplaces, up seven spots from the previous year. This marks the third consecutive year the bank has been recognized for its exceptional employee satisfaction and workplace culture. The ranking is a collaboration between Newsweek and the Best Practice Institute (BPI), based on a survey of over 2.6 million employees from various-sized companies.

The list acknowledges companies that have created workplaces where employees feel respected, inspired, and appreciated. Key areas of analysis include systemic collaboration, positive vision of the future, alignment of values, respect, and achievement. Jerry Plush, Chairman and CEO of Amerant Bank, expressed pride in the recognition, attributing it to the team members' commitment and passion.

The ranking process involved employee surveys, analysis of external public ratings, and direct interviews with company officials. This recognition highlights Amerant Bank's commitment to fostering a strong workplace culture and its ability to attract and retain top talent in a competitive market.

Amerant Bancorp Inc. (NYSE: AMTB) has announced the release of its third quarter 2024 financial results on Wednesday, October 23, 2024, after market close. The earnings results will be accessible on the company's investor relations website. Following the release, Amerant will host a conference call on Thursday, October 24, 2024, at 9:00 AM ET.

The call will feature Jerry Plush, Chairman and CEO, and Sharymar Calderón, Executive VP and CFO, who will discuss the company's financial and operating results for the quarter. Investors can join the call via phone or webcast, with dial-in numbers provided for both domestic and international participants. A replay of the webcast will be available on Amerant's website for approximately one month after the call.

Amerant Bank has announced the appointment of Sterling Harrell as EVP, Broward Market President. Harrell, who brings extensive experience in commercial banking and financial management, will be based in Amerant's recently opened Plantation, FL regional headquarters. His most recent role was as Managing Director - Middle Market Florida for TD Bank.

Jerry Plush, Chairman and CEO of Amerant Bank, expressed confidence in Harrell's ability to contribute to the bank's growth in Broward County. This appointment aligns with Amerant's continued dedication to expansion in South Florida. Harrell has previously held leadership positions at institutions such as SunTrust and Fairwinds Credit Union.

Amerant recently hosted a private client reception at its new Broward regional office in Plantation. With this new location, over half of Amerant Bank's 600 plus member workforce is now based in Broward County.

Amerant Bancorp Inc. (NYSE: AMTB) has successfully closed its public offering of 8,684,210 shares of Class A voting common stock at $19.00 per share, raising approximately $165 million in gross proceeds. The offering included 784,210 additional shares due to the full exercise of the underwriters' option. Net proceeds totaled approximately $156.7 million after underwriting discounts.

The company plans to use the funds for general corporate purposes, including supporting organic growth, working capital, resolving non-performing loans, investments in its banking subsidiary, and potential balance sheet optimization strategies. Jerry Plush, Chairman and CEO, stated that this capital raise completes Amerant's multi-year transformation and strengthens its ability to pursue continued organic growth.

Amerant Bancorp Inc. (NYSE: AMTB) has announced the pricing of its public offering of 7,900,000 shares of Class A voting common stock at $19.00 per share, totaling an aggregate offering amount of $150 million. The company has also granted underwriters a 30-day option to purchase up to an additional 784,210 shares. Stephens Inc. and Piper Sandler & Co. are acting as joint book-running managers, with Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. as co-managers.

The offering is expected to close on or about September 27, 2024, subject to customary conditions. Amerant intends to use the net proceeds for general corporate purposes, supporting organic growth, working capital, investments in Amerant Bank, N.A., resolving non-performing loans, and potential balance sheet optimization strategies.

Amerant Bancorp Inc. (NYSE: AMTB) has announced the launch of an underwritten public offering of its Class A voting common stock. The company plans to grant underwriters a 30-day option to purchase additional shares. Stephens Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering.

The net proceeds will be used for general corporate purposes and to support Amerant's continued organic growth, which may include working capital, investments in Amerant Bank, N.A., resolution of non-performing loans, and potential balance sheet optimization strategies.

The offering is being made through a prospectus supplement and accompanying base prospectus. Amerant has filed a registration statement and preliminary prospectus supplement with the SEC and intends to file a final prospectus supplement.

Amerant Bank has announced a strategic partnership as the Official Bank of Fort Lauderdale United FC (FTL UTD), the only professional women's soccer team in South Florida. This partnership, which includes the designation as a Founding Partner, aligns with Amerant Bank's commitment to empowering women and supporting local talent. The collaboration will feature digital and social media exposure, benefits for local youth soccer programs, and specialized services for players and team personnel.

This move follows Amerant's recent appointment of Averee Dovsek, a top-ranked world long drive golf professional, as their brand ambassador. Amerant Bank has been expanding its presence across South and Central Florida through various sports partnerships, including agreements with the Tampa Bay Rays, Miami Marlins, Miami Heat, Florida Panthers, and naming rights to Amerant Bank Arena.

SOCi, Inc., a leading CoMarketing Cloud provider, has partnered with Amerant Bank, Florida's largest community bank, to enhance its digital marketing efforts. The collaboration, which began in August 2023, focuses on leveraging SOCi's platform to improve Amerant Bank's localized marketing strategies and digital presence.

Key benefits of the partnership include:

• Review management to drive customer engagement and satisfaction
• Local pages optimization for improved online visibility
• Local listings management for branches and ATMs
• Data-driven insights for informed marketing decisions

This strategic alliance aims to support Amerant Bank's expansion in Florida as it approaches the $10 billion asset threshold, with goals to increase brand awareness, expand into new regions, and enhance customer satisfaction.

MidFirst Bank, the largest privately owned bank in the US, has received regulatory approvals to acquire Amerant Bank's Houston banking locations. The acquisition, expected to close on November 8, 2024, will add six locations to MidFirst's footprint and include most of Amerant's Houston loan and deposit relationships. This move accelerates MidFirst's expansion in Texas, enhancing its presence in the growing Houston market. All Amerant Bank employees in Houston are expected to join MidFirst, and the locations will operate under the MidFirst Bank brand. The transaction aligns with MidFirst's strategy to deliver award-winning customer service and invest in local communities.