Amerant Bancorp Inc. - AMTB STOCK NEWS

Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) will report its second quarter 2021 earnings on July 22, before market opening. CEO Jerry Plush and CFO Carlos Iafigliola will host a conference call at 9:00 AM ET to discuss the results. The call will be accessible on their investor relations website and via phone with specific dial-in numbers. Amerant Bancorp, headquartered in Coral Gables, Florida, operates as a community bank with 25 banking centers in Florida and Texas, offering a variety of financial services.

Amerant Bancorp (NASDAQ: AMTB, AMTBB) announced the appointment of Christine Esteve as Executive Vice President and Chief Marketing Officer. Esteve, a marketing veteran with nearly 30 years of experience, will oversee brand strategy, advertising, and customer research. She previously served as Vice President of Performance Marketing at Carnival Cruise Line, where she led initiatives in brand management and eCommerce. CEO Jerry Plush expressed confidence in Esteve's ability to elevate the company's brand during its growth phase.

Amerant Bank has partnered with Marstone, Inc to enhance its online wealth management services. This collaboration aims to improve customer relationships through sophisticated digital solutions that provide a comprehensive financial outlook. As of Q1 2021, Amerant surpassed $2 billion in assets under management (AUM). The partnership is expected to drive further growth in AUM by offering personalized and proactive banking experiences. Amerant Bank operates 25 centers across Florida and Texas, serving both domestic and international clients.

Amerant Mortgage has acquired First Mortgage Company, rebranding it and marking Amerant's first office outside Florida. This strategic move enhances access to federal housing agencies and aligns with growing demand for residential mortgages. The acquisition integrates First Mortgage's 35 years of local experience, positioning Amerant as a market leader in Idaho's residential financing sector. Amerant seeks to address increasing demand by offering a diverse range of mortgage products.

Amerant Bancorp reported a net income of $14.5 million for Q1 2021, significantly up from $3.4 million in Q1 2020. This translates to $0.38 per diluted share, marking a 70.7% quarter-over-quarter increase. Assets Under Management reached $2 billion, reflecting strong growth. Key improvements included a 23% rise in noninterest income to $14.2 million and no provision for loan losses for the quarter, contrasting with $22 million a year earlier. Total loans stood at $5.8 billion, down 1.5% from Q4 2020.

Black Knight, Inc. (NYSE:BKI) announced that Amerant Mortgage, a subsidiary of Amerant Bank, will implement its Empower Loan Origination System (LOS) and various origination solutions to improve efficiency. This rapid implementation is designed for mid-sized lenders and will enhance operations across retail and correspondent channels. The Empower LOS automates processing with minimal human intervention, improving risk mitigation and data integrity. Additional integrations include a product eligibility engine, digital closing solutions, and machine-learning technology to streamline mortgage operations.

Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) will report its first quarter 2021 earnings results on April 29, 2021, before market opening. CEO Jerry Plush and CFO Carlos Iafigliola will discuss the financial and operational outcomes during a conference call at 9:00 AM ET. Interested participants can join the call via a live webcast on the company’s investor relations website or by phone (domestic: 866-987-6807, international: 630-652-5946) using conference ID 3657331. A replay will be available for one month.

Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) has appointed Dolores M. Lare as an independent director, effective April 1, 2021. With over 35 years of experience, Mrs. Lare currently partners with Patriot Financial Partners and has held various executive positions in prominent banks. She will serve on the Board's Audit and Risk Committees, bringing valuable expertise to the company. The appointment aligns with Amerant's goal to enhance customer relationships and drive sustainable growth.

Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) announced a new share repurchase program on March 10, 2021, allowing for the purchase of up to $40 million of Class B common stock. This initiative, authorized by the Board of Directors, aims to enhance shareholder returns and demonstrates management's confidence in the company's future. Repurchases will be conducted based on market conditions and other regulatory factors, providing flexibility without obligating the company to specific purchase amounts. The program is intended to improve capital management and shareholder value.