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.
Raistone has successfully secured growth funding led by Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) to support its expansion amid significant growth. The fintech firm, known for enhancing working capital access, will utilize this funding to develop its finance APIs and expand its suite of financial solutions like Supply Chain Finance and Buy Now, Pay Later. Raistone aims to improve cash flow for businesses worldwide, responding to supply chain challenges. Their innovative platform connects various financial entities, facilitating smooth transactions.
Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) announced a multi-year outsourcing agreement with FIS, aiming to enhance operational efficiency and reduce costs. The Bank anticipates annual savings of about $12 million by outsourcing 90 positions to FIS, leveraging its technology for improved service offerings. This partnership is expected to accelerate Amerant's business transformation and optimize its operational targets. Both companies express optimism regarding collaboration benefits, with an emphasis on superior digital banking solutions.
Amerant Bancorp reported a net income of $17.0 million or $0.45 per diluted share for Q3 2021, up 6.7% from Q2 2021 and 900.7% year-over-year. Pre-provision net revenue reached $17.5 million, reflecting a 13.2% increase since Q2, while core PPNR improved to $18.3 million. Net interest income rose to $51.8 million, driven by lower deposit costs. Although total loans decreased by 2.3%, total deposits held steady at $5.6 billion. Amerant's book value per share improved to $21.68.
Amerant Bank, a major community bank in Florida, has partnered with fintechs Alloy and Q2 to enhance its digital banking offerings. This collaboration aims to streamline the process of opening new accounts and managing direct deposits, improving both customer experience and operational efficiency. With nearly $8 billion in assets and 25 branches across Florida and Texas, Amerant Bank focuses on digital transformation to facilitate faster onboarding for both individual and business clients. The integration of these fintech solutions promises a secure and efficient banking experience.
On October 8, 2021, Amerant Bank announced a partnership with the Florida Panthers to become their primary home helmet sponsor for the 2021-22 NHL season. Amerant's logo will appear on player helmets, debuting on October 9 against the Tampa Bay Lightning. This collaboration aims to enhance brand visibility and strengthen ties within the South Florida community. As part of the partnership, Amerant will feature its branding in team merchandise and marketing activities, reflecting its commitment to local growth.
Amerant Bancorp Inc. (NASDAQ: AMTB, AMTBB) has announced that it will release its third quarter 2021 earnings results on October 21, 2021, before market opening. The conference call, hosted by CEO Jerry Plush and CFO Carlos Iafigliola, is scheduled for 9:00 AM ET, and will discuss the Company’s financial performance for the quarter. Interested parties can access the call via phone or online. Amerant Bancorp operates mainly in the U.S. and offers various banking services, being the second largest community bank in Florida.
Amerant Bancorp has announced plans for a clean-up merger, pending shareholder approval, where Class B common stock will be converted into Class A common stock at a ratio of 0.95. Additionally, a new class of Non-Voting Class A common stock will be created for shareholders exceeding an 8.9% ownership threshold post-merger. The company also initiated a $50 million share repurchase program for Class A stock, following a previous $78 million buyback of Class B shares. A special shareholders meeting is expected in early December 2021 for merger approval.
Amerant Bank has selected Alloy, an identity decisioning platform, to automate its customer onboarding identity verification. This partnership aims to streamline processes for both businesses and individual customers, enhancing compliance and reducing manual reviews. Operating nearly $8 billion in assets, Amerant Bank is focused on improving the customer experience while meeting regulatory requirements. The integration includes access to over 85 data sources to verify identities online and in-branch, promoting a seamless onboarding process and minimizing fraud exposure.
Amerant Bancorp Inc. reported a net income of $16.0 million or $0.42 per diluted share in Q2 2021, a 10.4% increase from Q1 2021. The annualized ROA and ROE improved to 0.83% and 8.11% respectively. Net Interest Income rose 5.1% quarter-over-quarter to $50.0 million, while Net Interest Margin reached 2.81%. Noninterest income increased by 11.1% to $15.7 million. Total loans were $5.6 billion, a 2.5% decrease from Q1 2021, with total deposits at $5.7 billion, down 0.1%. Stockholders' book value per share increased to $21.27.
Zimmerman Advertising has been selected as the marketing partner for Amerant Bank to enhance brand awareness and drive business development. The collaboration aims to foster a comprehensive marketing strategy, including creative services and analytics. Amerant Bank serves South Florida and Houston and emphasizes fintech partnerships and ESG strategies. This partnership aligns with Amerant's commitment to improving customer service and shareholder value. CEO Jerry Plush expressed enthusiasm for the partnership, while Zimmerman’s founder highlighted their goal to offer personalized banking services.
