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 renowned bank holding company headquartered in Coral Gables, Florida, operating since 1979. It primarily serves through its main subsidiary, Amerant Bank, N.A., the largest community bank headquartered in Florida. The company offers a comprehensive range of deposit, credit, and wealth management services to individuals and businesses across the United States and internationally.
Amerant provides various banking products, including checking and savings accounts, certificates of deposit, and money market accounts. It also offers a wide array of loan products such as variable and fixed-rate commercial real estate loans, loans secured by owner-occupied properties, working capital loans, asset-based lending, and small business administration loans. Additionally, the company extends consumer loans and overdrafts.
In terms of recent achievements, Amerant has strategically expanded its footprint in South Florida with the opening of a new banking center on Las Olas Blvd in Ft. Lauderdale. This move underlines their commitment to providing relationship-centric banking services. Furthermore, Amerant has entered into strategic partnerships with notable organizations like iCapital for enhanced wealth management offerings and the Miami Marlins, strengthening its community presence.
Financially, Amerant reported net income attributable to the company of $10.6 million for the first quarter of 2024, with total assets amounting to $9.8 billion. The company’s financial stability is further supported by robust non-performing asset management and strategic asset sales, such as the sale of its Houston-based operations to MidFirst Bank, allowing it to focus more on its core markets in Florida.
Amerant’s involvement in community initiatives is significant, highlighted by its “Saves for Vets” program in partnership with the Florida Panthers, which supports veteran-focused nonprofit organizations.
Amerant Bancorp Inc. continues to innovate and expand, ensuring its services meet the evolving needs of its diverse client base while maintaining a strong presence in the communities it serves.
Amerant Bancorp Inc. (NASDAQ: AMTB) has appointed Erin Knight to its Board of Directors, effective December 15, 2022. Knight is currently the President of Monument Capital Management and brings extensive banking experience from organizations like SouthTrust and Regions Bank. CEO Jerry Plush expressed enthusiasm about her appointment, citing her vast expertise in financial services as a valuable asset for the company’s strategic goals. Knight's leadership is expected to enhance Amerant's focus on customer and community needs.
Amerant Bank and United Way Miami announced that the Amerant Bank 5K will occur on January 22, 2023, in Coral Gables, marking the second year of sponsorship. The event aims to support United Way Miami's mission in education, financial stability, and health. Participants can enjoy a scenic 5K run or walk followed by a celebration. Early registration is set at $30 and will increase closer to the race date. This partnership highlights Amerant Bank's commitment to community involvement.
Amerant Bank has announced a multi-year partnership with the Florida Panthers, becoming the Official Bank of the team and the FLA Live Arena. This partnership includes rebranding the center-ice premium seating area as the ‘Amerant Vault’, enhancing fan experiences with exclusive amenities. The deal will also extend Amerant’s branding visibility during games, and a portion of proceeds from player saves will support local veterans. Additional financial literacy opportunities will be offered to young fans through the Panthers Kids Club.
Amerant Bancorp Inc. (NASDAQ: AMTB) reported a net income of $20.9 million in Q3 2022, a substantial increase from $7.7 million in Q2 2022. Total assets grew by 7.22% to $8.7 billion, while gross loans rose 11.2% to $6.5 billion. The average yield on loans increased to 5.06%. Non-performing loans decreased by 25.5% to $18.7 million. The board declared a cash dividend of $0.09 per common share, payable on November 30, 2022. The efficiency ratio improved to 65.4%.
Amerant Bancorp Inc. (NASDAQ: AMTB) announced on October 19, 2022, that its Board of Directors declared a cash dividend of $0.09 per share on common stock. This dividend is payable on November 30, 2022, for shareholders of record by November 15, 2022. Headquartered in Coral Gables, Florida, Amerant operates through its principal subsidiary, Amerant Bank, and offers a range of banking services across 23 locations in South Florida and Houston, Texas.
Amerant Bancorp Inc. (NASDAQ: AMTB) will announce its third quarter 2022 earnings on October 20, 2022, post-market. Investors can find the results on Amerant's website. A conference call, featuring CEO Jerry Plush and CFO Carlos Iafigliola, is scheduled for October 21 at 9:00 AM ET to discuss these results. Amerant Bancorp is the largest community bank in Florida, operating 24 banking centers across South Florida and Houston, Texas, providing various financial services.
Amerant Bancorp Inc. (NASDAQ: AMTB) has declared a cash dividend of $0.09 per share, payable on August 31, 2022, to shareholders of record by the close of business on August 17, 2022. Headquartered in Coral Gables, Florida, Amerant Bancorp operates through its main subsidiary, Amerant Bank, which is the largest community bank in the state and has served over 40 years. The bank provides a variety of financial services to individuals and businesses across the U.S.
Amerant Bancorp reported a net income of $7.7 million in 2Q22, down 51.9% from the previous quarter and year. The decline was primarily due to $8 million in non-routine charges. However, Core Pre-Provision Net Revenue rose to $19.4 million, reflecting growth in net interest income, which increased by 5.9% from the prior quarter. Total assets grew to $8.2 billion, and loans increased by 2.2%, while deposits reached $6.2 billion, up 8.98%. A significant reduction in non-performing loans was noted, decreasing to $25.2 million from $47 million in the prior quarter.
Amerant Bank has expanded its partnership with the Florida Panthers, becoming the official helmet sponsor for all games, including the postseason. The arrangement includes prominent logo placements on player helmets and on-ice advertising, enhancing brand visibility. Amerant aims to improve customer experience through unique opportunities at home games. The partnership builds upon Amerant's previous season's collaboration with the Panthers, reflecting a commitment to community and sports engagement.
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