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Amerant Bancorp Inc. - AMTB STOCK NEWS

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.

Rhea-AI Summary

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%.

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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.

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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.

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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.

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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.

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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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Amerant Bank has formed a multi-year strategic partnership with the Miami HEAT, becoming the Official Bank of the Miami HEAT. This marks the bank’s third sports sponsorship deal in South Florida within a year, reinforcing its commitment to the community. The partnership includes marketing initiatives and community engagement through events like the HEAT Beach Sweep, focusing on environmental sustainability. Amerant’s Chairman & CEO, Jerry Plush, emphasized the importance of being an integral community bank through these collaborations.

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Amerant Bancorp Inc. (NASDAQ: AMTB) announced the release of its second quarter 2022 earnings results on July 20, 2022, after market close. Investors can access the results via their investor relations website. A conference call featuring CEO Jerry Plush and CFO Carlos Iafigliola is scheduled for July 21, 2022, at 9:00 AM ET to discuss the quarterly financial and operational outcomes. Amerant, a significant community bank in Florida, has provided banking services for over 40 years and operates 24 banking centers in South Florida and Houston, Texas.

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FAQ

What is the current stock price of Amerant Bancorp (AMTB)?

The current stock price of Amerant Bancorp (AMTB) is $22.32 as of December 20, 2024.

What is the market cap of Amerant Bancorp (AMTB)?

The market cap of Amerant Bancorp (AMTB) is approximately 953.3M.

What services does Amerant Bancorp Inc. offer?

Amerant Bancorp Inc. offers a wide range of banking services, including checking and savings accounts, commercial real estate loans, consumer loans, and wealth management services.

Where is Amerant Bancorp Inc. headquartered?

Amerant Bancorp Inc. is headquartered in Coral Gables, Florida.

What recent achievements has Amerant Bancorp Inc. made?

Amerant has expanded its footprint in South Florida with the opening of a new banking center in Ft. Lauderdale and entered into strategic partnerships with iCapital and the Miami Marlins.

How did Amerant Bancorp Inc. perform financially in the first quarter of 2024?

Amerant Bancorp Inc. reported a net income of $10.6 million and total assets of $9.8 billion for the first quarter of 2024.

What community initiatives is Amerant Bancorp Inc. involved in?

Amerant is involved in various community initiatives, including the “Saves for Vets” program with the Florida Panthers, which supports veteran-focused nonprofit organizations.

What products does Amerant offer to businesses?

Amerant offers businesses a range of products including checking and savings accounts, commercial real estate loans, working capital loans, and asset-based lending.

Has Amerant Bancorp Inc. made any recent strategic sales?

Yes, Amerant Bancorp Inc. recently sold its Houston-based operations to MidFirst Bank to focus on its core markets in Florida.

What are Amerant Bancorp Inc.'s core markets?

Amerant Bancorp Inc.'s core markets are South Florida and Tampa, FL.

How is Amerant Bancorp Inc. involved in sports partnerships?

Amerant Bancorp Inc. has multi-year sports partnerships with the Miami Marlins, Miami Heat, Florida Panthers, and the University of Miami Athletics.

What significant banking technology partnerships does Amerant have?

Amerant has a technology partnership with iCapital to enhance its wealth management offerings through a broad private market menu.

Amerant Bancorp Inc.

Nasdaq:AMTB

AMTB Rankings

AMTB Stock Data

953.34M
33.56M
14.31%
59.98%
2.11%
Banks - Regional
National Commercial Banks
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United States of America
CORAL GABLES