Amerant Bancorp Inc - AMTB STOCK NEWS

Amerant Bank has appointed Jesse Flowers as the new EVP and Palm Beach Market President. Flowers, who has over 20 years of experience in the financial services industry, is known for his focus on relationship banking and client success. His appointment coincides with Amerant's plans to open its third Palm Beach banking center and regional office in Q1 2025. CEO Jerry Plush expressed confidence in Flowers' ability to drive growth and enhance client service in the Palm Beach market. Flowers' previous role was as Regional President for West Palm Beach at SouthState Bank.

Amerant Bancorp (NYSE: AMTB) announced it will release its second-quarter 2024 financial results on July 24, 2024, after market close. The results will be accessible on the company's investor website. Furthermore, a conference call hosted by CEO Jerry Plush and CFO Sharymar Calderón is scheduled for July 25, 2024, at 9:00 AM ET to discuss the quarterly performance. Investors can join via dial-in numbers or access the live webcast through the company's investor relations webpage. A replay will be available for one month.

Amerant Bank has appointed industry veteran Mike Nursey as EVP, Central Florida Market President, to spearhead its expansion in Hillsborough and Pinellas counties, as well as other Central Florida markets. Nursey, who brings over two decades of experience in leading high-performing teams and client relationship management, will operate from Amerant's new regional headquarters in Tampa. This appointment follows Amerant's recent opening of a new banking center in Tampa's Westshore district, aligning with the bank's strategy to enhance its presence in Greater Tampa and Central Florida. Nursey's prior roles include North Florida Market President at TD Bank and Commercial Banking Executive in Jacksonville and Miami. He is also actively involved in community service, serving on various boards.

Amerant Bank, Florida’s largest community bank, has announced a heartwarming initiative to support local veterans and first responders. The bank has purchased 250 tickets for Game 4 of the Florida Panthers playoffs, held at the Amerant Bank Arena, and will donate them to veterans and first responders in collaboration with various organizations. This gesture is part of Amerant Bank's mission to foster strong community relationships and support those who have served the country. Additionally, Amerant Bank purchased 250 tickets for its own team members for Game 3. This initiative complements their 'Saves for Vets' program, which raised over $120,000 in the 2022-2023 season for veteran-focused nonprofits in South Florida.

Amerant Bancorp Inc. (NYSE: AMTB) reported net income of $10.6 million in Q1 2024, compared to a net loss of $17.1 million in Q4 2023. The company declared a cash dividend of $0.09 per share, showing a positive turnaround in financial performance. Total assets increased to $9.8 billion, with organic loan and deposit growth. Despite a decrease in total gross loans, cash and cash equivalents saw a significant rise. Non-performing assets decreased, and the allowance for credit losses increased slightly. The company's efficiency ratio improved, with positive returns on average assets and equity.

Amerant Bancorp Inc. (NYSE: AMTB) has declared a cash dividend of $0.09 per-share of Amerant common stock. The dividend is payable on May 30, 2024, to shareholders of record at the close of business on May 15, 2024.

MidFirst Bank, the largest privately owned bank in the nation, is set to acquire the Houston banking locations of Amerant Bank, a subsidiary of Amerant Bancorp Inc. (NYSE: AMTB). This acquisition will add six Amerant Bank locations to MidFirst's footprint, bringing in approximately $576 million in deposits and $529 million in loans. The move aligns with MidFirst's growth strategy in Texas and the Western United States, enhancing its presence in the Houston market and expanding its banking services. The transaction is expected to close later this year, subject to regulatory approval.

Amerant Bancorp Inc. announced the sale of its Texas operations to MidFirst Bank, including $576 million in deposits and $529 million in loans. The decision was made to focus on expansion plans in Florida and Tampa, with the transaction expected to close in the second half of 2024.

Amerant Bank partners with NHL star Matthew Tkachuk for a marketing campaign to promote the new co-branded Florida Panthers Debit Card. The bank's Imagine Tomorrow campaign gains visibility as it expands to new locations like Tampa, Broward County, and Downtown Miami.