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 Bank has appointed Braden R. Smith as Senior Executive Vice President and Chief Business Development Officer, tasked with identifying and pursuing business opportunities aligned with the bank's strategic growth objectives. Additionally, Sharymar Calderon, who has served as EVP and Chief Financial Officer since May 2023, has been promoted to Senior Executive Vice President. Smith, previously Vice Chairman at Wintrust Private Client, brings over 25 years of financial services experience. Calderon joined Amerant in June 2021 as Head of Internal Audit before becoming CFO in May 2023.
MidFirst Bank, the largest privately owned bank in the US, has completed its acquisition of Amerant Bank's (NYSE: AMTB) Houston operations. The deal includes six banking locations, 45 employees, and Amerant's Houston client relationships. The transition of banking locations and accounts will occur over the Veterans Day weekend, with locations reopening as MidFirst Bank on November 12. Houston is described as a strategic, fast-growing market important to MidFirst's Texas expansion plans.
Amerant Bancorp Inc. (NYSE: AMTB) has completed the sale of its Houston, Texas banking operations and six branches to MidFirst Bank. The transaction, which closed on November 8, 2024, included approximately $573.9 million of deposits and $479.2 million in loans. The strategic move allows Amerant to focus on accelerating growth in its core Florida markets, specifically in south Florida and greater Tampa areas. The company aims to strengthen its position as the bank of choice in these markets.
Amerant Bancorp (NYSE: AMTB) has announced a quarterly cash dividend of $0.09 per share of common stock. The dividend will be paid on November 29, 2024, to shareholders of record as of November 14, 2024. Amerant operates through its main subsidiary, Amerant Bank, which is the largest community bank headquartered in Florida. The bank maintains 25 banking centers across South Florida (18), Tampa (1), and Houston, Texas (6), providing deposit, credit, and wealth management services to individuals and businesses in the U.S.
Amerant Bancorp (NYSE: AMTB) reported a net loss of $48.2 million ($1.43 per diluted share) in Q3 2024, compared to net income of $5.0 million in Q2 2024. The company completed a public offering raising $165 million gross proceeds, selling 8.68 million shares at $19.00 per share. Following this, Amerant executed an investment portfolio repositioning, selling $551 million in securities resulting in a $68.5 million pre-tax loss. Total assets reached $10.4 billion, with gross loans at $7.56 billion and deposits at $8.11 billion. The Board declared a quarterly cash dividend of $0.09 per share.
Amerant Bank has climbed to rank 41 on Newsweek's 2024 list of America's Most Loved Workplaces, up seven spots from the previous year. This marks the third consecutive year the bank has been recognized for its exceptional employee satisfaction and workplace culture. The ranking is a collaboration between Newsweek and the Best Practice Institute (BPI), based on a survey of over 2.6 million employees from various-sized companies.
The list acknowledges companies that have created workplaces where employees feel respected, inspired, and appreciated. Key areas of analysis include systemic collaboration, positive vision of the future, alignment of values, respect, and achievement. Jerry Plush, Chairman and CEO of Amerant Bank, expressed pride in the recognition, attributing it to the team members' commitment and passion.
The ranking process involved employee surveys, analysis of external public ratings, and direct interviews with company officials. This recognition highlights Amerant Bank's commitment to fostering a strong workplace culture and its ability to attract and retain top talent in a competitive market.
Amerant Bancorp Inc. (NYSE: AMTB) has announced the release of its third quarter 2024 financial results on Wednesday, October 23, 2024, after market close. The earnings results will be accessible on the company's investor relations website. Following the release, Amerant will host a conference call on Thursday, October 24, 2024, at 9:00 AM ET.
The call will feature Jerry Plush, Chairman and CEO, and Sharymar Calderón, Executive VP and CFO, who will discuss the company's financial and operating results for the quarter. Investors can join the call via phone or webcast, with dial-in numbers provided for both domestic and international participants. A replay of the webcast will be available on Amerant's website for approximately one month after the call.
Amerant Bank has announced the appointment of Sterling Harrell as EVP, Broward Market President. Harrell, who brings extensive experience in commercial banking and financial management, will be based in Amerant's recently opened Plantation, FL regional headquarters. His most recent role was as Managing Director - Middle Market Florida for TD Bank.
Jerry Plush, Chairman and CEO of Amerant Bank, expressed confidence in Harrell's ability to contribute to the bank's growth in Broward County. This appointment aligns with Amerant's continued dedication to expansion in South Florida. Harrell has previously held leadership positions at institutions such as SunTrust and Fairwinds Credit Union.
Amerant recently hosted a private client reception at its new Broward regional office in Plantation. With this new location, over half of Amerant Bank's 600 plus member workforce is now based in Broward County.
Amerant Bancorp Inc. (NYSE: AMTB) has successfully closed its public offering of 8,684,210 shares of Class A voting common stock at $19.00 per share, raising approximately $165 million in gross proceeds. The offering included 784,210 additional shares due to the full exercise of the underwriters' option. Net proceeds totaled approximately $156.7 million after underwriting discounts.
The company plans to use the funds for general corporate purposes, including supporting organic growth, working capital, resolving non-performing loans, investments in its banking subsidiary, and potential balance sheet optimization strategies. Jerry Plush, Chairman and CEO, stated that this capital raise completes Amerant's multi-year transformation and strengthens its ability to pursue continued organic growth.
Amerant Bancorp Inc. (NYSE: AMTB) has announced the pricing of its public offering of 7,900,000 shares of Class A voting common stock at $19.00 per share, totaling an aggregate offering amount of $150 million. The company has also granted underwriters a 30-day option to purchase up to an additional 784,210 shares. Stephens Inc. and Piper Sandler & Co. are acting as joint book-running managers, with Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. as co-managers.
The offering is expected to close on or about September 27, 2024, subject to customary conditions. Amerant intends to use the net proceeds for general corporate purposes, supporting organic growth, working capital, investments in Amerant Bank, N.A., resolving non-performing loans, and potential balance sheet optimization strategies.
