Here's What Key Metrics Tell Us About Amerant Bancorp (AMTB) Q3 Earnings

Core Insights - Amerant Bancorp Inc. reported $101.8 million in revenue for Q3 2024, a year-over-year increase of 1.3% [1] - The EPS for the same period was $0.27, down from $0.64 a year ago, with a surprise of +17.39% compared to the consensus estimate of $0.23 [1] - The revenue exceeded the Zacks Consensus Estimate of $99.39 million by +2.43% [1] Financial Metrics - Net charge-offs / Average total loans held for investment stood at 1.9%, slightly above the 1.8% average estimate [2] - Efficiency Ratio was reported at 228.7%, significantly higher than the 70.6% average estimate [2] - Net interest margin was consistent at 3.5%, matching the average estimate [2] - Average Balances - Total interest-earning assets were $9.23 billion, slightly below the average estimate of $9.30 billion [2] - Total Non-Performing Loans reached $114.93 million, higher than the estimated $113.21 million [2] - Total Non-Performing Assets were reported at $129.44 million, exceeding the average estimate of $122.21 million [2] - Noninterest income was $20.80 million, surpassing the average estimate of $18.04 million [2] - Net interest income was $81 million, slightly below the average estimate of $81.35 million [2] Stock Performance - Shares of Amerant Bancorp have returned -2.7% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market [3]