Amerant Bancorp Inc. (AMTB) reported $92.46 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.1%. EPS of $0.32 for the same period compares to $0.59 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $91.76 million, representing a surprise of +0.76%. The company delivered an EPS surprise of -11.11%, with the consensus EPS estimate being $0.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

CONTACTS: Investors Laura Rossi InvestorRelations@amerantbank.com (305) 460-8728 Media Alexis Dominguez MediaRelations@amerantbank.com (305) 441-5541 AMERANT REPORTS FIRST QUARTER 2024 RESULTS Board of Directors Declares Quarterly Cash Dividend of $0.09 per Common Share CORAL GABLES, FLORIDA, April 24, 2024. Amerant Bancorp Inc. (NYSE: AMTB) (the "Company" or "Amerant") today reported net income attributable to the Company of $10.6 million in the first quarter of 2024, or $0.31 per diluted share, compared t ...

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Amerant Bancorp Inc. (AMTB) due to lower revenues, with the earnings report expected on April 24, 2024, being crucial for stock price movement [1] Earnings Expectations - The consensus estimate for Amerant Bancorp's quarterly earnings is $0.36 per share, reflecting a year-over-year decrease of 39% [2] - Expected revenues are $91.76 million, down 9.8% from the same quarter last year [2] - The EPS estimate has been revised 5% lower in the last 30 days, indicating a reassessment by analysts [2] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Amerant Bancorp is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.78% [5] - However, the company holds a Zacks Rank of 4, complicating the prediction of an earnings beat [5][6] Historical Performance - In the last reported quarter, Amerant Bancorp met the expected earnings of $0.46 per share, showing no surprise [7] - Over the past four quarters, the company has beaten consensus EPS estimates twice [7] Market Context - The performance of Amerant Bancorp may not solely depend on earnings results, as other factors can influence stock movement [8] - The company does not appear to be a strong candidate for an earnings beat, suggesting investors should consider additional factors before making decisions [8]

Group 1 - Amerant Bank has partnered with NHL superstar Matthew Tkachuk to promote its new co-branded Florida Panthers debit card through a comprehensive marketing campaign [1][2] - The marketing campaign includes television and online commercials during the NHL playoffs and billboards in Broward County, particularly near the Amerant Bank Arena [1][2] - The partnership aims to enhance community engagement and support for local sports, reflecting Amerant Bank's commitment to South Florida and its expansion into neighboring markets [2][3] Group 2 - Amerant Bank recently launched the "Imagine Tomorrow" campaign, which has increased visibility for the bank in new locations such as Tampa, Broward County, and Downtown Miami [2] - The bank opened a new Las Olas banking center in Fort Lauderdale in March 2024 and plans to open a regional office in Plantation, FL in April 2024, focusing on economic development in Broward County [3] - Amerant Bank is the largest community bank in Florida and has been serving clients for over 40 years, with a presence in South Florida, Tampa, and Houston [4]

CORAL GABLES, FL, March 07, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, the largest community bank headquartered in Florida, today announced a strategic partnership with the Miami Marlins making Amerant Bank the "Hometown Bank" of the team. Amerant Bank is headquartered in Coral Gables and has served the South Florida community for over 40 years. Terms were not disclosed. "We are excited to enter into a multi-year partnership with the Miami Marlins," said Jerry Plush, Chairman and CEO of Amerant Bank. "Amerant h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to __________ Commission File Number 001-38534 AMERANT Amerant Bancorp Inc. (Exact Name of Registrant as Specified in Its Charter) Florida (State or Other Jurisdict ...

FT. LAUDERDALE, FL, March 05, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, the largest community bank headquartered in Florida, today opened its new banking center on Las Olas Blvd in Ft. Lauderdale, FL, marking another significant step in the bank's strategic expansion across South Florida by expanding its footprint in Broward County. Strategically located at 1200 East Las Olas Blvd., Suite 102, the new banking center occupies 2,000 square feet of prime space, offering a convenient and accessible banking experi ...

TAMPA, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, the largest community bank headquartered in Florida, today opened its first banking center in Tampa, FL. Situated in the Westshore Business District, the most central business area in the Tampa Bay area, the branch is strategically located the first floor of the Urban Centre Building at 4830 W Kennedy Blvd. Boasting a spacious 2,700 square feet, this location is optimally positioned amid over 4,000 small and large businesses, as well as highly so ...

Core Insights - Amerant Bank has successfully financed a $120 million loan to Fresco Retail Group for the acquisition of Fresco y Más from Southeastern Grocers Inc. [1][2] - Fresco y Más is a Florida-based grocery chain established in 2016, operating 34 locations across South, Central, and Southwest Florida [1][2] - The acquisition aims to maintain the current operations of all supermarkets and liquor stores under the Fresco y Más brand [3] Company Overview - Amerant Bank is the largest community bank headquartered in Florida, with a presence in South Florida, Tampa, and Houston [4] - The bank has been operational for over 40 years and includes subsidiaries such as Amerant Investments and Amerant Mortgage [4] - In 2023, Amerant Bank was recognized as a Most Loved Workplace® by Best Practice Institute [4]

Amerant Bancorp Inc. (NYSE:AMTB) Q4 2023 Earnings Call Transcript January 25, 2024 9:00 AM ET Company Participants Laura Rossi - Head of Investor Relations and Sustainability Jerry Plush - Chairman and Chief Executive Officer Sharymar Calderon - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Rose - Raymond James Feddie Strickland - Janney Montgomery Scott Russell Gunther - Stephens Will Jones - KBW Stephen Scouten - Piper Sandler Operator Greetings. Welcome to the ...