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 Bank announces the appointment of Baylor Lancaster-Samuel as Chief Investment Officer of Amerant Investments, effective March 30, 2023. With over 20 years of experience in finance, she will lead the investment research team and enhance the company’s investment strategies. Lancaster-Samuel previously served as Fixed Income Portfolio Manager at Amerant since 2021 and has a strong background in credit research at Standard & Poor’s. Her leadership is anticipated to strengthen Amerant's position in the financial industry. She holds an M.B.A. from New York University and is involved in professional organizations.
Amerant Bank has partnered with Miami Dade College (MDC) to enhance students' career opportunities through internship programs. This collaboration includes the Immersive Internship Program, which provides real work experience in data analytics, and the Personal Banking Apprenticeship Program, focusing on developing banking specialists. Five interns and apprentices will be hosted by Amerant as part of its IMPACT initiative aimed at fostering community talent. MDC is recognized as the most diverse institution in the U.S., offering more than 300 degree pathways. Both institutions aim to equip students with essential skills for their future careers.
Amerant Bank, Florida's largest community bank, has achieved an Outstanding rating in Lending, Investment, and Service categories from the Office of the Comptroller of the Currency (OCC) in its CRA evaluation. This consistent performance has been maintained since 2000. Key highlights include:
- $55.3 million in SBA loans and $247.6 million in PPP loans during the evaluation period.
- Leadership in community development lending, showcasing a strong commitment to serving low- and moderate-income neighborhoods.
Amerant is set to expand with new banking centers in South Florida, further enhancing its service capabilities.
Amerant Mortgage, a subsidiary of Amerant Bank, has announced the establishment of a new Midwest Hub in collaboration with F&B Financial Group. This strategic move aims to enhance retail mortgage services in St. Louis and the Midwest region, responding to increasing consumer demand. The partnership is expected to leverage F&B Financial's market expertise and resources, allowing Amerant to expand its footprint. Additionally, Chris Fox of F&B will retain his sales leadership position to further strengthen retail mortgage offerings. This initiative follows Amerant's acquisition of First Mortgage Company in 2021, consolidating its position in the mortgage banking sector.
On January 18, 2023, Amerant Bancorp Inc. (NASDAQ: AMTB) announced a cash dividend of $0.09 per share, payable on February 28, 2023. Shareholders of record must be noted by the close of business on February 13, 2023. Amerant Bancorp operates the largest community bank in Florida, with 23 banking centers, providing a range of deposit, credit, and wealth management services. Established in 1979, it continues to serve individuals and businesses across the U.S.
Amerant Bancorp reported a net income of $18.8 million in Q4 2022, representing $0.55 per diluted share, despite a provision for credit losses of $20.9 million. The full-year net income reached $63.3 million or $1.85 per share. Total assets climbed to $9.1 billion, up 4.44% quarter-over-quarter, and total deposits increased 6.92% to $7.04 billion. The adoption of the CECL accounting standard impacted the allowance for credit losses, raising it to $83.5 million. The board declared a cash dividend of $0.09 per share, payable on February 28, 2023. An earnings call is scheduled for January 20, 2023.
Amerant Bancorp Inc. (NASDAQ: AMTB) will announce its fourth quarter 2022 earnings results on January 19, 2023, after market close. Investors can access the results through the company's investor relations website. A conference call will follow on January 20, 2023, at 9:00 AM ET, featuring CEO Jerry Plush and CFO Carlos Iafigliola discussing the financial results. Amerant Bancorp, headquartered in Coral Gables, is the largest community bank in Florida and operates 23 banking centers across South Florida and Texas.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced a new share repurchase program totaling $25 million, effective from January 1, 2023, until December 31, 2023. The program allows repurchases of Class A shares under various conditions and aims to enhance shareholder value. CEO Jerry Plush emphasized that this initiative represents prudent capital management. However, repurchases will commence only post the release of Q4 2022 earnings in January 2023. The company maintains discretion over timing and volume based on market conditions.
Amerant Bancorp Inc. (NASDAQ: AMTB) has appointed Erin Knight to its Board of Directors, effective December 15, 2022. Knight is currently the President of Monument Capital Management and brings extensive banking experience from organizations like SouthTrust and Regions Bank. CEO Jerry Plush expressed enthusiasm about her appointment, citing her vast expertise in financial services as a valuable asset for the company’s strategic goals. Knight's leadership is expected to enhance Amerant's focus on customer and community needs.
Amerant Bank and United Way Miami announced that the Amerant Bank 5K will occur on January 22, 2023, in Coral Gables, marking the second year of sponsorship. The event aims to support United Way Miami's mission in education, financial stability, and health. Participants can enjoy a scenic 5K run or walk followed by a celebration. Early registration is set at $30 and will increase closer to the race date. This partnership highlights Amerant Bank's commitment to community involvement.