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. reports news on its role as a Florida-based bank holding company operating through Amerant Bank, N.A. and Amerant Investments, Inc. Updates commonly cover quarterly financial results, asset quality, credit risk management, loan-portfolio actions, deposit trends, operational efficiency, dividends and share repurchase authorization.
Company releases also describe banking-center expansion in South Florida and Tampa, wealth management and investment services, product strategy across consumer and commercial offerings, and leadership or governance changes tied to the bank’s operating priorities.
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Amerant Bancorp Inc. (NASDAQ: AMTB) announced a cash dividend of $0.09 per share on April 19, 2023. This dividend is scheduled to be payable on May 31, 2023, to all shareholders who are on record as of May 15, 2023. As the largest community bank in Florida, Amerant Bancorp has provided financial services since 1979 and operates 23 banking centers across South Florida and Houston, Texas. The company is committed to delivering quality services to individuals and businesses, including deposit and wealth management services.
Amerant Bancorp Inc. (NASDAQ: AMTB) reported a net income of $20.2 million for Q1 2023, translating to $0.60 per diluted share, down from $22.0 million or $0.65 in Q4 2022. Total assets rose by $367.5 million, reaching $9.5 billion, with gross loans increasing by 2.8% to $7.12 billion. Deposits grew by 3.44% to $7.29 billion. However, non-performing assets rose 29.6% to $48.7 million, and the average cost of deposits increased to 1.91%. The board declared a quarterly cash dividend of $0.09 per share, payable on May 31, 2023. The company will discuss its Q1 results in an earnings conference call on April 21, 2023.
Amerant Bank has appointed Caroline Vérot Moore as the new EVP and Houston Market President, effective April 18, 2023. She brings over 20 years of corporate banking experience, having previously served as Houston Market Executive at Fifth Third Bank. Vérot Moore is tasked with overseeing various sectors, including commercial banking and specialty finance in Houston.
CEO Jerry Plush expressed confidence in her leadership abilities to enhance client service and promote growth in the Greater Houston area. Vérot Moore's background includes experience at Wells Fargo and recognition as a Global Leader of Influence. She aims to inspire more women to pursue careers in finance.
Amerant Bank has appointed Juan Esterripa as SEVP, Head of Commercial Banking, effective April 17, 2023. Esterripa, a seasoned banking professional, will oversee commercial banking, commercial real estate, syndications, specialty finance, and treasury management. His leadership aims to enhance business development and drive profitable growth for the bank. Chairman and CEO Jerry Plush expressed confidence in Esterripa's track record and expertise, which have contributed significantly to previous organizations. With a rich background at various financial institutions, Esterripa is expected to align with Amerant’s commitment to innovation and expansion, reflecting the bank’s momentum in the market.