AMTBB - AMTBB STOCK NEWS

Amerant Bancorp Inc. is transferring the listing of its common stock from Nasdaq to the New York Stock Exchange (NYSE) on August 29, 2023. The stock will continue to trade under the ticker symbol 'AMTB'. The move reflects Amerant's confidence in NYSE's market infrastructure and global visibility.

Amerant Bancorp Inc. reports net income of $7.3 million in Q2 2023, down from $20.2 million in Q1 2023. Total assets increase by $24.2 million to $9.5 billion. Total gross loans increase by $101.9 million to $7.22 billion. Cash and cash equivalents decrease by $40.7 million to $445.1 million. Total deposits increase by $292.8 million to $7.58 billion. Non-performing assets increase to $67.4 million. Board of Directors declares quarterly cash dividend of $0.09 per common share.

Amerant Bancorp Inc. (NASDAQ: AMTB) will release its second quarter 2023 earnings results on July 20, 2023. Investors can access the earnings results on the company's website. A conference call will be held on July 21, 2023, to discuss the financial and operating results for the quarter.

Amerant Bancorp Inc. and its subsidiary, Amerant Bank, have announced that Sharymar Calderón will become the Executive Vice President and Chief Financial Officer effective June 1, 2023. Calderón has been with Amerant since June 2021 and has led the implementation and monitoring of the Company's audit plan and risk assessments. Calderón's promotion is seen as well-deserved and is expected to contribute to the company's goal of achieving top quartile performance.

Amerant Bancorp Inc. (NASDAQ: AMTB) announced a cash dividend of $0.09 per share on April 19, 2023. This dividend is scheduled to be payable on May 31, 2023, to all shareholders who are on record as of May 15, 2023. As the largest community bank in Florida, Amerant Bancorp has provided financial services since 1979 and operates 23 banking centers across South Florida and Houston, Texas. The company is committed to delivering quality services to individuals and businesses, including deposit and wealth management services.

Amerant Bancorp Inc. (NASDAQ: AMTB) reported a net income of $20.2 million for Q1 2023, translating to $0.60 per diluted share, down from $22.0 million or $0.65 in Q4 2022. Total assets rose by $367.5 million, reaching $9.5 billion, with gross loans increasing by 2.8% to $7.12 billion. Deposits grew by 3.44% to $7.29 billion. However, non-performing assets rose 29.6% to $48.7 million, and the average cost of deposits increased to 1.91%. The board declared a quarterly cash dividend of $0.09 per share, payable on May 31, 2023. The company will discuss its Q1 results in an earnings conference call on April 21, 2023.

Amerant Bancorp Inc. (NASDAQ: AMTB) has appointed Ashaki Rucker to its Board of Directors, effective April 17, 2023. Rucker, currently Senior Vice President and Head of Human Resources at NBCUniversal Telemundo Enterprises, brings extensive experience in Human Capital Management and has held senior roles in various industries, including financial services and media. Her significant contributions to Diversity, Equity & Inclusion strategies have been recognized in the media industry. Rucker expressed her eagerness to enhance stakeholder value through collaboration with the Board.

Amerant Bancorp Inc. (NASDAQ: AMTB) announced that it will release its first quarter 2023 earnings results on April 20, 2023, after market close. Investors can access the results on the company’s investor relations website. Following the release, a conference call will be held on April 21, 2023, at 9:00 AM ET, hosted by CEO Jerry Plush and CFO Carlos Iafigliola, to discuss financial results. Amerant Bancorp has been a key player in Florida's community banking sector since 1979, operating 23 banking centers and offering deposit, credit, and wealth management services.