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 has formed a multi-year strategic partnership with the Miami HEAT, becoming the Official Bank of the Miami HEAT. This marks the bank’s third sports sponsorship deal in South Florida within a year, reinforcing its commitment to the community. The partnership includes marketing initiatives and community engagement through events like the HEAT Beach Sweep, focusing on environmental sustainability. Amerant’s Chairman & CEO, Jerry Plush, emphasized the importance of being an integral community bank through these collaborations.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced the release of its second quarter 2022 earnings results on July 20, 2022, after market close. Investors can access the results via their investor relations website. A conference call featuring CEO Jerry Plush and CFO Carlos Iafigliola is scheduled for July 21, 2022, at 9:00 AM ET to discuss the quarterly financial and operational outcomes. Amerant, a significant community bank in Florida, has provided banking services for over 40 years and operates 24 banking centers in South Florida and Houston, Texas.
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Amerant Bancorp Inc. has extended its offer to exchange up to $30 million of outstanding unregistered 4.25% Fixed-to-Floating Rate Subordinated Notes due 2032 for registered equivalents until 5:00 p.m. NYC Time on June 21, 2022. As of June 16, 2022, 51% of the Old Notes, amounting to $15.25 million, had been tendered for exchange. The terms for the New Notes remain similar to the Old Notes, with advantages including non-restrictions on transfer. This extension aims to allow more holders to participate.
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 $800 million and aims to finance projects ranging from $5 million to $50 million. The partnership seeks to bridge financing gaps for small to medium-sized solar developers, thus promoting sustainable energy solutions in North America and contributing to climate resilience.
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.
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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.