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 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.
Amerant Bancorp (NYSE: AMTB) has announced that its Board of Directors declared a cash dividend of $0.09 per share of common stock on January 22, 2025. The dividend will be paid on February 28, 2025, to shareholders of record as of February 14, 2025.
Amerant Bancorp, headquartered in Coral Gables, Florida since 1979, operates through its subsidiaries: Amerant Bank, N.A., Amerant Investments, Inc., and Amerant Mortgage, The company provides deposit, credit, and wealth management services through its network of 19 banking centers, with 18 locations in South Florida and 1 in Tampa, FL.
Amerant Bancorp (NYSE: AMTB) has scheduled its fourth quarter 2024 earnings release for Wednesday, January 22, 2025 after market close. The company will host a conference call to discuss the quarterly results on Thursday, January 23, 2025, at 9:00 AM ET.
Chairman and CEO Jerry Plush and Senior Executive Vice-President and CFO Sharymar Calderón will lead the conference call. Investors can access the earnings results through the company's investor relations website at investor.amerantbank.com under the 'Financial Results' section. The conference call will be available via dial-in and webcast, with a replay accessible on the company's website for approximately one month.
Amerant Bank has partnered with Sedano's Supermarkets to launch a community initiative benefiting Centro Mater, a nonprofit serving underserved children and families. The partnership involves distributing over 40,000 reusable shopping bags designed by Amerant Bank team member Alexis Dominguez at all Sedano's and Fresco y Más locations across Miami-Dade, Broward, and Tampa.
Customers can receive bags free of charge or purchase them with a voluntary donation, with all proceeds benefiting Centro Mater. The bags feature Hispanic-inspired designs reflecting local community culture and promote environmental sustainability through reduced plastic use.
Amerant Bank has appointed Braden R. Smith as Senior Executive Vice President and Chief Business Development Officer, tasked with identifying and pursuing business opportunities aligned with the bank's strategic growth objectives. Additionally, Sharymar Calderon, who has served as EVP and Chief Financial Officer since May 2023, has been promoted to Senior Executive Vice President. Smith, previously Vice Chairman at Wintrust Private Client, brings over 25 years of financial services experience. Calderon joined Amerant in June 2021 as Head of Internal Audit before becoming CFO in May 2023.
MidFirst Bank, the largest privately owned bank in the US, has completed its acquisition of Amerant Bank's (NYSE: AMTB) Houston operations. The deal includes six banking locations, 45 employees, and Amerant's Houston client relationships. The transition of banking locations and accounts will occur over the Veterans Day weekend, with locations reopening as MidFirst Bank on November 12. Houston is described as a strategic, fast-growing market important to MidFirst's Texas expansion plans.
Amerant Bancorp Inc. (NYSE: AMTB) has completed the sale of its Houston, Texas banking operations and six branches to MidFirst Bank. The transaction, which closed on November 8, 2024, included approximately $573.9 million of deposits and $479.2 million in loans. The strategic move allows Amerant to focus on accelerating growth in its core Florida markets, specifically in south Florida and greater Tampa areas. The company aims to strengthen its position as the bank of choice in these markets.
Amerant Bancorp (NYSE: AMTB) has announced a quarterly cash dividend of $0.09 per share of common stock. The dividend will be paid on November 29, 2024, to shareholders of record as of November 14, 2024. Amerant operates through its main subsidiary, Amerant Bank, which is the largest community bank headquartered in Florida. The bank maintains 25 banking centers across South Florida (18), Tampa (1), and Houston, Texas (6), providing deposit, credit, and wealth management services to individuals and businesses in the U.S.
Amerant Bancorp (NYSE: AMTB) reported a net loss of $48.2 million ($1.43 per diluted share) in Q3 2024, compared to net income of $5.0 million in Q2 2024. The company completed a public offering raising $165 million gross proceeds, selling 8.68 million shares at $19.00 per share. Following this, Amerant executed an investment portfolio repositioning, selling $551 million in securities resulting in a $68.5 million pre-tax loss. Total assets reached $10.4 billion, with gross loans at $7.56 billion and deposits at $8.11 billion. The Board declared a quarterly cash dividend of $0.09 per share.
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.