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 (AMTB) delivers comprehensive banking services through its subsidiary, offering deposit accounts, commercial lending, and wealth management solutions. This news hub provides investors and stakeholders with essential updates to monitor the company's financial trajectory.
Access timely press releases covering quarterly earnings, leadership appointments, and strategic initiatives. Our curated collection includes regulatory filings, product launches, and market expansion announcements critical for assessing AMTB's position in the competitive banking sector.
Discover updates on commercial lending programs, digital banking enhancements, and wealth management service expansions. Content is organized to highlight operational milestones while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to verified AMTB developments. Combine these resources with SEC filings and earnings call transcripts for a complete view of the company's performance and industry impact.
Amerant Bancorp Inc. (NASDAQ: AMTB) has successfully completed its $50 million share repurchase program for Class A Common Stock, repurchasing a total of 1,602,887 shares, including 611,525 since March 31, 2022. This is the company's second consecutive $50 million buyback, totaling 3,148,399 Class A shares repurchased since November 2021. CEO Jerry Plush highlighted that these actions, along with recent cash dividends, reflect their commitment to managing capital efficiently and enhancing total returns for shareholders.
Sol-REIT has secured a significant credit facility from Amerant Bank to finance solar energy projects, enhancing access to renewable energy for underserved communities. This facility supports Sol-REIT's pipeline exceeding
Amerant Bancorp reported net income of $16.0 million for Q1 2022, a decline from $65.5 million in Q4 2021 but an increase from $14.5 million in Q1 2021. Core Pre-Provision Net Revenue was $17.9 million, down from $18.9 million in Q4 2021. Total gross loans rose 2.8% to $5.72 billion, while total deposits increased by 1.08% to $5.69 billion. Non-interest income dropped 81.9% to $14.0 million, heavily impacted by the previous quarter's gain on the sale of headquarters. Amerant's stockholders’ equity decreased 9.9% to $749.4 million.
Amerant Bancorp Inc. (NASDAQ: AMTB) has declared a cash dividend of $0.09 per share of common stock. The dividend will be paid on May 31, 2022, to shareholders who are on record as of the close of business on May 13, 2022. Founded in 1979 and headquartered in Coral Gables, Florida, Amerant Bancorp operates mainly through its subsidiary, Amerant Bank, providing a range of financial services including deposit, credit, and wealth management services to both U.S. and select international clients.
Amerant Bancorp Inc. (NASDAQ: AMTB) will release its first quarter 2022 earnings results on April 20, 2022, after market close. Investors can access the results on the company’s investor relations website. A conference call discussing the financial results is scheduled for April 21, 2022, at 9:00 AM ET, hosted by CEO Jerry Plush and CFO Carlos Iafigliola. The call will be accessible via phone and webcast, with a replay available for one month. Amerant Bancorp is a leading bank holding company based in Coral Gables, Florida, operating primarily through Amerant Bank.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced significant changes to its Board of Directors, effective from the upcoming annual meeting on June 8, 2022. Retiring members include Chairman Frederick C. Copeland, Jr. and Director J. Guillermo Villar. New appointees Orlando Ashford, Samantha Holroyd, John Quelch, and Oscar Suarez will join the board on April 1, 2022. Additionally, Jerry Plush will transition to Chairman, and Pamella J. Dana will be Lead Independent Director. The new directors bring diverse experiences, emphasizing growth in South Florida and Houston.
Amerant Bank, the second largest community bank in Florida, has joined the USDF Consortium, becoming the seventh bank nationally to do so. This consortium aims to enhance the adoption and interoperability of the USDF™ bank-minted tokenized deposit, facilitating value transfers on blockchain. Amerant Bank's involvement reflects its commitment to innovation in digital transactions, with a focus on safer and more reliable financial services for consumers. The consortium plans to establish standards for member banks, expanding services like mobile banking and crypto lending.
Amerant Bancorp Inc. announced the completion of a $30 million private placement of its 4.25% Fixed-to-Floating Rate Subordinated Notes due in 2032. The notes will carry an initial interest of 4.25% until March 2027, after which the rate will reset quarterly to a floating rate. Proceeds will be utilized for general corporate purposes, including capital for growth and debt repayment. The notes are guaranteed by Amerant Florida Bancorp Inc. and are not registered under the Securities Act, limiting their sale in the U.S. without registration or exemption.
Amerant Bank, the second largest community bank in Florida, has introduced the Amerant CoverMe program, which eliminates overdraft fees for amounts up to $100. The bank will also reduce overdraft fees from $35 to $10 by the end of Q2 2022 for consumer accounts. This initiative aims to help customers avoid declined transactions and overdrafts. Additionally, Amerant offers an Overdraft Protection program at no setup cost, helping customers manage their finances more effectively.
