Amerant Bancorp Inc. Announces Launch of Class A Voting Common Stock Offering
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 Bancorp Inc. (NYSE: AMTB) ha annunciato il lancio di un'offerta pubblica sottoscritta delle sue azioni comuni di classe A con diritto di voto. La società prevede di concedere agli Underwriter un'opzione di 30 giorni per acquistare ulteriori azioni. Stephens Inc. e Piper Sandler & Co. stanno agendo come gestori principali congiunti per l'offerta.
Il ricavato netto sarà utilizzato per scopi aziendali generali e per sostenere la continua crescita organica di Amerant, che può includere capitale circolante, investimenti in Amerant Bank, N.A., risoluzione di crediti in sofferenza e potenziali strategie di ottimizzazione del bilancio.
L'offerta è effettuata attraverso un supplemento di prospetto e un prospetto di base accompagnatorio. Amerant ha presentato una dichiarazione di registrazione e un supplemento di prospetto preliminare presso la SEC e intende presentare un supplemento di prospetto finale.
Amerant Bancorp Inc. (NYSE: AMTB) ha anunciado el lanzamiento de una oferta pública suscrita de sus acciones ordinarias de clase A con derecho de voto. La compañía planea otorgar a los suscriptores una opción de 30 días para comprar acciones adicionales. Stephens Inc. y Piper Sandler & Co. están actuando como directores conjuntos de la oferta.
Los ingresos netos se utilizarán para fines corporativos generales y para apoyar el crecimiento orgánico continuo de Amerant, que puede incluir capital de trabajo, inversiones en Amerant Bank, N.A., resolución de préstamos en mora y posibles estrategias de optimización del balance.
La oferta se realiza a través de un suplemento de prospecto y un prospecto base acompañante. Amerant ha presentado una declaración de registro y un suplemento de prospecto preliminar ante la SEC y tiene la intención de presentar un suplemento de prospecto final.
Amerant Bancorp Inc. (NYSE: AMTB)는 A주 완전 보통 주식에 대한 공모 발행을 시작한다고 발표했습니다. 회사는 언더라이터에게 추가 주식을 구매할 수 있는 30일 선택권을 부여할 계획입니다. Stephens Inc.와 Piper Sandler & Co.는 이 공모의 공동 주관 매니저로 활동하고 있습니다.
순수익은 일반 기업 목적으로 사용되며 Amerant의 지속적인 유기적 성장을 지원하는 데 사용됩니다. 여기에는 운전 자본, Amerant Bank, N.A.에 대한 투자, 부실 대출 해결 및 잠재적인 재무제표 최적화 전략이 포함될 수 있습니다.
이 공모는 보충 설명서와 함께 기본 설명서를 통해 이루어집니다. Amerant는 SEC에 등록신청서와 최초 보충 설명서를 제출하였으며, 최종 보충 설명서를 제출할 계획입니다.
Amerant Bancorp Inc. (NYSE: AMTB) a annoncé le lancement d'une offre publique souscrite de ses actions ordinaires de classe A avec droit de vote. La société prévoit d'accorder aux souscripteurs une option de 30 jours pour acheter des actions supplémentaires. Stephens Inc. et Piper Sandler & Co. agissent en tant que co-directeurs principaux de l'offre.
Le produit net sera utilisé pour des fins d'entreprise générales et pour soutenir la croissance organique continue d'Amerant, ce qui peut inclure des fonds de roulement, des investissements dans Amerant Bank, N.A., la résolution de prêts non performants et des stratégies potentielles d'optimisation du bilan.
L'offre est réalisée par le biais d'un supplément de prospectus et d'un prospectus de base accompagnant. Amerant a déposé une déclaration d'enregistrement et un supplément de prospectus préliminaire auprès de la SEC et prévoit de déposer un supplément de prospectus final.
Amerant Bancorp Inc. (NYSE: AMTB) hat den Start einer öffentlich angebotenen Emission ihrer stimmberechtigten Stammaktien der Klasse A bekannt gegeben. Das Unternehmen plant, den Underwritern eine 30-tägige Option zum Kauf zusätzlicher Aktien einzuräumen. Stephens Inc. und Piper Sandler & Co. fungieren als gemeinsame Bookrunning-Manager für das Angebot.
Der Nettogewinn wird für allgemeine Unternehmenszwecke verwendet und zur Unterstützung des kontinuierlichen organischen Wachstums von Amerant eingesetzt, was Arbeitskapital, Investitionen in Amerant Bank, N.A., die Behebung von notleidenden Krediten und mögliche Strategien zur Optimierung der Bilanz umfassen kann.
Das Angebot erfolgt über einen Prospektzusatz und einen begleitenden Basisprospekt. Amerant hat eine Registrierungsanmeldung und einen vorläufigen Prospektzusatz bei der SEC eingereicht und beabsichtigt, einen endgültigen Prospektzusatz einzureichen.
- Potential for increased working capital
- Opportunity for investments in Amerant Bank, N.A.
- Possible resolution of non-performing loans
- Potential balance sheet optimization
- Potential dilution of existing shareholders' ownership
- Increased outstanding shares may negatively impact earnings per share
Insights
Amerant Bancorp's launch of a Class A voting common stock offering is a significant development that could impact the company's financial position and shareholder structure. This move suggests the bank is seeking to raise capital, which could be used to fuel growth initiatives or strengthen its balance sheet.
The offering's potential impacts include:
- Dilution of existing shareholders' ownership
- Increased financial flexibility for the company
- Possible improvement in capital ratios
- Enhanced ability to pursue organic growth opportunities
The company's intention to use proceeds for "general corporate purposes" and "continued organic growth" indicates a focus on expansion and operational improvements. The mention of "resolution of non-performing loans" suggests the bank may be addressing asset quality issues, which could positively impact its risk profile.
Investors should closely monitor the pricing and size of the offering, as well as the market's reaction, to gauge its impact on AMTB's stock value and future growth prospects. The involvement of reputable underwriters like Stephens Inc. and Piper Sandler & Co. lends credibility to the offering, potentially attracting institutional investors.
Amerant Bancorp's stock offering comes at a time when the banking sector is facing challenges, including rising interest rates and economic uncertainties. This move could be seen as a proactive step to strengthen the bank's position in a competitive market.
Key points to consider:
- The offering may improve Amerant's market positioning and ability to compete with larger banks
- Increased capital could support technological investments and digital banking initiatives
- The timing of the offering may indicate management's confidence in the bank's growth prospects
- Potential for strategic acquisitions or expansion into new markets with additional capital
The mention of "balance sheet optimization strategies" suggests that Amerant is looking to improve its financial efficiency, which could lead to better performance metrics and potentially higher valuation multiples. However, the success of this offering will depend on market conditions and investor appetite for regional bank stocks.
Investors should assess how this capital raise aligns with Amerant's long-term strategy and its potential to create shareholder value through improved operational performance and market expansion.
Stephens Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering.
The Company intends to use the net proceeds of the offering for general corporate purposes and to support its continued organic growth, which may include, among other things, working capital, investments in Amerant Bank, N.A., resolution of non-performing loans, and potential balance sheet optimization strategies.
The offering is being made only by means of a prospectus supplement and accompanying base prospectus. The Company has filed a registration statement on Form S-3 (File No. 333-272886), and a preliminary prospectus supplement to the base prospectus contained in the registration statement with the
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto.
About Amerant Bancorp Inc.
Amerant Bancorp Inc. is a bank holding company headquartered in
Cautionary Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” including statements with respect to the Company’s objectives, expectations and intentions and other statements that are not historical facts. All statements other than statements of historical fact are statements that could be forward-looking statements. Forward-looking statements include statements relating to the potential securities offering, which is opportunistic and subject to market conditions, and the use of proceeds from the offering, including any potential balance sheet optimization strategies and resolution of non-performing loans. You can identify these forward-looking statements through the use of words such as “may,” “balance sheet optimization efforts,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “point to,” “project,” “could,” “intend,” “anticipate,” and other similar words and expressions of the future.
Forward-looking statements involve risks, uncertainties and other factors, which may be beyond our control, and which may cause the Company’s actual results, performance, achievements, or financial condition to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2023 filed on March 7, 2024, the Company’s quarterly reports on Form 10-Q (including our quarterly report on Form 10-Q filed on August 2, 2024), in the prospectus supplement and accompanying base prospectus relating to the offering, and in the Company’s other filings with the SEC, which are available at the SEC’s website www.sec.gov.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925001831/en/
Investors
Laura Rossi
InvestorRelations@amerantbank.com
(305) 460-8728
Media
Alexis Dominguez
MediaRelations@amerantbank.com
(305) 441-8412
Source: Amerant Bancorp Inc.
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