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Earnings Preview: Amerant Bancorp Inc. (AMTB) Q1 Earnings Expected to Decline
Zacks Investment Research· 2024-04-17 15:07
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]
AMERANT BANK ANNOUNCES BRAND PARTNERSHIP WITH FLORIDA PANTHERS STAR MATTHEW TKACHUK
Prnewswire· 2024-04-11 13:13
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]
AMERANT BANK NAMED THE HOMETOWN BANK OF THE MIAMI MARLINS
Newsfilter· 2024-03-07 13:43
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 ...
Amerant Bancorp (AMTB) - 2023 Q4 - Annual Report
2024-03-06 16:00
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 ...
AMERANT BANK EXPANDS FOOTPRINT IN BROWARD COUNTY WITH THE OPENING OF NEW LAS OLAS BANKING CENTER IN GREATER FT. LAUDERDALE
Newsfilter· 2024-03-05 13:40
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 ...
AMERANT BANK OPENS FIRST BANKING CENTER IN THE GREATER TAMPA AREA
Newsfilter· 2024-02-01 19:34
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 ...
AMERANT BANK PROVIDES FINANCING TO FRESCO RETAIL GROUP, LLC FOR THE ACQUISITION OF FRESCO Y MÁS OPERATIONS AND LOCATIONS
Newsfilter· 2024-01-29 17:14
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 (AMTB) - 2023 Q4 - Earnings Call Transcript
2024-01-25 22:47
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 ...
Amerant Bancorp (AMTB) - 2023 Q4 - Earnings Call Presentation
2024-01-25 19:39
amerantbank.com Fourth Quarter Earnings Important Notices and Disclaimers Forward-Looking Statements This presentation contains “forward-looking statements” including statements with respect to the Company’s objectives, expectations and intentions and other statements that are not historical facts. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “ ...
Compared to Estimates, Amerant Bancorp Inc. (AMTB) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-01-25 01:06
For the quarter ended December 2023, Amerant Bancorp Inc. (AMTB) reported revenue of $101.29 million, down 4.9% over the same period last year. EPS came in at $0.46, compared to $0.40 in the year-ago quarter.The reported revenue represents a surprise of +10.67% over the Zacks Consensus Estimate of $91.52 million. With the consensus EPS estimate being $0.46, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...