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.
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.
Amerant Bancorp Inc. (NYSE: AMTB) has announced a cash dividend of $0.09 per share of common stock, payable on August 30, 2024, to shareholders of record as of August 15, 2024. This decision was made by the company's Board of Directors on July 24, 2024.
Amerant Bancorp, headquartered in Coral Gables, Florida, operates through its main subsidiary, Amerant Bank, N.A., and other subsidiaries. The company provides deposit, credit, and wealth management services to individuals and businesses in the U.S. Amerant Bank, the largest community bank headquartered in Florida, has been operating for over 40 years and maintains 25 banking centers across South Florida, Tampa, and the Houston area.
Amerant Bancorp Inc. (NYSE: AMTB) reported Q2 2024 results with net income of $5.0 million, or $0.15 per diluted share, down from $10.6 million in Q1. Key highlights:
- Total assets: $9.7 billion, down 0.7% from Q1
- Gross loans: $7.32 billion, up 4.5%
- Total deposits: $7.82 billion, down 0.8%
- Net Interest Margin: 3.56%, up from 3.51% in Q1
- Provision for credit losses: $19.2 million, up 54.4%
- Non-interest income: $19.4 million, up 34.0%
- Non-interest expense: $73.3 million, up 10.1%
- Efficiency ratio: 74.2%, up from 72.0% in Q1
- ROA: 0.21%, down from 0.44% in Q1
- ROE: 2.68%, down from 5.69% in Q1
The Board declared a quarterly cash dividend of $0.09 per common share.
Amerant Bank (NYSE: AMTB) has been named the Official Bank of the Tampa Bay Rays in a multi-year strategic partnership. This marks Amerant's fourth major sports franchise partnership, following agreements with the Florida Panthers, Miami Heat, and Miami Marlins. The deal includes extensive brand presence at Tropicana Field, gameday broadcast exposure, and various promotional opportunities.
The partnership aligns with Amerant's recent expansion in the Greater Tampa area, including a new branch and regional headquarters. Jerry Plush, Chairman and CEO of Amerant Bank, emphasized the bank's strategy of partnering with respected local organizations. Matt Silverman, President of the Rays, expressed excitement about the opportunities presented by this agreement.
Amerant Bank, the largest community bank headquartered in Florida, has been serving clients for over 40 years and was recently certified as a Most Loved Workplace® for 2024.
Amerant Bank has appointed Jesse Flowers as the new EVP and Palm Beach Market President. Flowers, who has over 20 years of experience in the financial services industry, is known for his focus on relationship banking and client success. His appointment coincides with Amerant's plans to open its third Palm Beach banking center and regional office in Q1 2025. CEO Jerry Plush expressed confidence in Flowers' ability to drive growth and enhance client service in the Palm Beach market. Flowers' previous role was as Regional President for West Palm Beach at SouthState Bank.
Amerant Bancorp (NYSE: AMTB) announced it will release its second-quarter 2024 financial results on July 24, 2024, after market close. The results will be accessible on the company's investor website. Furthermore, a conference call hosted by CEO Jerry Plush and CFO Sharymar Calderón is scheduled for July 25, 2024, at 9:00 AM ET to discuss the quarterly performance. Investors can join via dial-in numbers or access the live webcast through the company's investor relations webpage. A replay will be available for one month.
Amerant Bank has appointed industry veteran Mike Nursey as EVP, Central Florida Market President, to spearhead its expansion in Hillsborough and Pinellas counties, as well as other Central Florida markets. Nursey, who brings over two decades of experience in leading high-performing teams and client relationship management, will operate from Amerant's new regional headquarters in Tampa. This appointment follows Amerant's recent opening of a new banking center in Tampa's Westshore district, aligning with the bank's strategy to enhance its presence in Greater Tampa and Central Florida. Nursey's prior roles include North Florida Market President at TD Bank and Commercial Banking Executive in Jacksonville and Miami. He is also actively involved in community service, serving on various boards.
Amerant Bank, Florida’s largest community bank, has announced a heartwarming initiative to support local veterans and first responders. The bank has purchased 250 tickets for Game 4 of the Florida Panthers playoffs, held at the Amerant Bank Arena, and will donate them to veterans and first responders in collaboration with various organizations. This gesture is part of Amerant Bank's mission to foster strong community relationships and support those who have served the country. Additionally, Amerant Bank purchased 250 tickets for its own team members for Game 3. This initiative complements their 'Saves for Vets' program, which raised over $120,000 in the 2022-2023 season for veteran-focused nonprofits in South Florida.
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