Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiaries, Amerant Bank, N.A. (the 'Bank'), Amerant Investments, Inc., Amerant Trust, N.A., Elant Bank and Trust Ltd. and Amerant Mortgage, LLC. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services. The Bank, which has operated for over 40 years, is the second largest community bank headquartered in Florida. The Bank operates 25 banking centers - 18 in South Florida and 7 in the Houston, Texas area, as well as a commercial real estate loan production office in New York City.

Company profile
Ticker
AMTB
Exchange
Website
CEO
Millar Wilson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Mercantil Bank Holding Corp
SEC CIK
Corporate docs
Subsidiaries
Amerant Florida Bancorp Inc. • Amerant Investment Services Inc. • Amerant SPV, LLC • Amerant Ventures, LLC • Amerant Mortgage, LLC • Elant Bank & Trust Ltd. • CB Reit Holding Corporation • 220 Alhambra Properties LLC • MCNA Properties IV LLC • CTC Management Services LLC ...
IRS number
650032379
AMTB stock data
Press releases
Amerant Reports Second Quarter 2022 Net Income of $7.7 Million and Core PPNR(1) of $19.4 Million
20 Jul 22
Amerant Bancorp Inc. Declares Dividend
20 Jul 22
Amerant Bancorp Inc. to Announce Second Quarter 2022 Financial Results and Host Conference Call
11 Jul 22
Amerant Bank Named Best Community Bank 2022 by New World Report's Texas Business Awards
29 Jun 22
Amerant Bancorp Inc. Announces Extension of Exchange Offer for Its 4.250% Fixed-to-Floating Rate Subordinated Notes Due 2032
17 Jun 22
Investment data
Securities sold
Number of investors
Calendar
29 Jul 22
20 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 354.06M | 354.06M | 354.06M | 354.06M | 354.06M | 354.06M |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 12.21M | 1.11M |
Cash used (since last report) | n/a | n/a | n/a | n/a | 20.57M | 1.87M |
Cash remaining | n/a | n/a | n/a | n/a | 333.49M | 352.18M |
Runway (months of cash) | n/a | n/a | n/a | n/a | 27.3 | 317.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Aug 22 | Armando Fleitas | Class A Common Stock | Buy | Acquire P | No | No | 26.61 | 200 | 5.32K | 10,946 |
3 Aug 22 | Silvio Marshall Martin | Class A Common Stock | Buy | Acquire P | No | No | 26.3876 | 500 | 13.19K | 3,950 |
2 Aug 22 | Howard A. Levine | Class A Common Stock | Buy | Acquire P | No | No | 26.9319 | 200 | 5.39K | 200 |
25 Jul 22 | Gerald P Plush | Class A Common Stock | Buy | Acquire P | No | No | 27.1399 | 1,000 | 27.14K | 30,870 |
9 Jun 22 | Vollmer A. Gustavo J | Class A Common Stock | Sale back to company | Dispose D | No | No | 28.22 | 2,191 | 61.83K | 553 |
9 Jun 22 | Vollmer A. Gustavo J | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 2,191 | 0 | 2,744 |
9 Jun 22 | Vollmer A. Gustavo J | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,725 | 0 | 1,725 |
9 Jun 22 | Vollmer A. Gustavo J | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 2,191 | 0 | 0 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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Financial report summary
?Risks
- Our concentration of CRE loans could result in increased loan losses, and adversely affect our business, earnings, and financial condition.
- Our valuation of securities and investments and the determination of the impairment amounts taken on our investments are subjective and, if changed, could materially adversely affect our results of operations or financial condition.
- Our strategic plan and growth strategy may not be achieved as quickly or as fully as we seek.
- Nonperforming and similar assets take significant time to resolve and may adversely affect our results of operations and financial condition.
- We may be contractually obligated to repurchase mortgage loans we sold to third-parties on terms unfavorable to us.
- Mortgage Servicing Rights, or MSRs, requirements may change and require us to incur additional costs and risks.
- Our success depends on our ability to compete effectively in highly competitive markets.
- Defaults by or deteriorating asset quality of other financial institutions could adversely affect us.
- The COVID-19 pandemic and actions taken by governmental authorities to mitigate its spread have significantly impacted economic conditions, and a future outbreak of COVID-19 or another highly contagious disease, could adversely affect our business activities, results of operations and financial condition.
- We may determine that our internal controls and disclosure controls could have deficiencies or weaknesses.
- Technological changes affect our business including potentially impacting the revenue stream of traditional products and services, and we may have fewer resources than many competitors to invest in technological improvements.
- Our information systems may experience interruptions and security breaches, and are exposed to cybersecurity threats.
- Any failure to protect the confidentiality of customer information could adversely affect our reputation and subject us to financial sanctions and other costs that could have a material adverse effect on our business, financial condition and results of operations.
- Future acquisitions and expansion activities may disrupt our business, dilute shareholder value and adversely affect our operating results.
- We may not be able to generate sufficient cash to service all of our debt, including the Senior Notes.
- We and Amerant Florida, the subsidiary guarantor, are each a holding company with limited operations and depend on our subsidiaries for the funds required to make payments of principal and interest on the Senior Notes.
- We may incur a substantial level of debt that could materially adversely affect our ability to generate sufficient cash to fulfill our obligations under the Senior Notes.
- Our business may be adversely affected by economic conditions in general and by conditions in the financial markets.
- We are subject to extensive regulation that could limit or restrict our activities and adversely affect our earnings.
- Litigation and regulatory investigations are increasingly common in our businesses and may result in significant financial losses and/or harm to our reputation.
- We will be subject to heightened regulatory requirements if our total assets grow in excess of $10 billion.
- The Federal Reserve may require us to commit capital resources to support the Bank.
- We may face higher risks of noncompliance with the Bank Secrecy Act and other anti-money laundering statutes and regulations than other financial institutions.
- Failures to comply with the fair lending laws, CFPB regulations or the Community Reinvestment Act, or CRA, could adversely affect us.
- We have the ability to issue additional equity securities, which would lead to dilution of our issued and outstanding Class A common stock.
- Certain provisions of our amended and restated articles of incorporation and amended and restated bylaws, Florida law, and U.S. banking laws could have anti-takeover effects.
- We are an “emerging growth company,” and, as a result of the reduced disclosure and governance requirements applicable to emerging growth companies, our common stock may be less attractive to investors.
- We may be unable to attract and retain key people to support our business.
- Severe weather, natural disasters, global pandemics, acts of war or terrorism, theft, civil unrest, government expropriation or other external events could have significant effects on our business.
Management Discussion
- In 2021, we reported net income attributable to the Company of $112.9 million, or $3.01 per diluted share, compared to a net loss of $1.7 million, or $0.04 loss per diluted share, in 2020, mainly due to: (i) the $16.5 million reversal of the allowance for loan losses in 2021, compared to a $88.6 million provision for loan losses recorded in 2020, mainly the result of improved macro-economic conditions and upgrades, payoffs and pay-downs of non-performing loans and special mention loans, and decision to sell certain loans from our New York CRE loans portfolio; (ii) higher noninterest income mainly driven by a $62.4 million gain on the sale of the Company’s headquarters building, and (iii) higher net interest income. These results were partially offset by higher noninterest expenses. Net income attributable to the Company excludes a net loss of $2.6 million attributable to a 49% non-controlling interest of Amerant Mortgage Inc. which commenced operations in May 2021. The Company attributed a net loss of $2.6 million to the non-controlling interest on the basis of a $5.3 million net loss for Amerant Mortgage Inc. in 2021, primarily derived from salary and employee benefits, mortgage lending costs and professional and other service fees which are included in our consolidated results of operations.
Content analysis
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Readability |
H.S. sophomore Avg
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New words:
ACL, advantage, aforementioned, Alternative, artificial, attestation, auditor, BankTech, breakeven, bringing, compliantly, coupled, coverage, cyber, deadline, deeply, delay, desk, documentation, earlier, EGC, enrollment, enterprise, escrow, ESPP, favorable, feel, filer, FINTOP, fourteen, geographic, golden, group, Habitat, Heat, heavily, Humanity, identical, inflation, infrastructure, intelligence, intercompany, investor, JAM, layer, macroeconomic, monetary, NBA, noncontrolling, parachute, Pembroke, preliminary, prompt, proud, proxy, realigned, reassessment, rebalanced, redefining, RegTech, retroactive, retroactively, reward, rooted, ROU, RSA, slated, slight, stable, staffing, translated, unavailable, validation, Venture, Window, worldwide
Removed:
cease, closely, customized, enable, framework, incurring, initiative, liquidation, mature, NII, planning, tool
Financial reports
Current reports
8-K
Other Events
5 Aug 22
8-K
Departure of Directors or Certain Officers
27 Jul 22
8-K
Amerant Reports Second Quarter 2022 Net Income of $7.7 Million and Core PPNR1 of $19.4 Million
20 Jul 22
8-K
Departure of Directors or Certain Officers
8 Jun 22
8-K
Amerant Bancorp Inc. Announces Successful Completion of Share Repurchase Program
19 May 22
8-K
Amerant Reports First Quarter 2022 Net Income of $16.0 Million or Diluted Earnings Per Share of $0.45
20 Apr 22
8-K
Amerant Bancorp Inc. Declares Dividend
14 Apr 22
8-K
Departure of Directors or Certain Officers
23 Mar 22
8-K
Amerant Bancorp Announces the Retirement of Two Board
14 Mar 22
8-K
Amerant Bancorp Inc. Completes Private Placement of $30 Million of 4.25% Fixed-to-Floating Rate Subordinated Notes due 2032
9 Mar 22
Registration and prospectus
S-8
Registration of securities for employees
17 Jun 22
424B3
Prospectus supplement
16 May 22
S-4
Registration of securities issued in business combination transactions
4 May 22
D
$30M in debt, sold $30M, 8 investors
16 Mar 22
15-12B
Securities registration termination
22 Nov 21
25-NSE
Exchange delisting
17 Nov 21
SC TO-I/A
Issuer tender offer statement (amended)
23 Dec 20
SC TO-I/A
Issuer tender offer statement (amended)
21 Dec 20
SC TO-I/A
Issuer tender offer statement (amended)
7 Dec 20
SC TO-I/A
Issuer tender offer statement (amended)
30 Nov 20
Proxies
DEFA14A
Additional proxy soliciting materials
28 Apr 22
PRE 14A
Preliminary proxy
27 Sep 21
DEFA14A
Additional proxy soliciting materials
26 May 21
DEFA14A
Additional proxy soliciting materials
29 Apr 21
DEFA14A
Additional proxy soliciting materials
22 May 20
DEFA14A
Additional proxy soliciting materials
11 May 20
DEF 14A
Definitive proxy
23 Apr 20
Other
EFFECT
Notice of effectiveness
17 May 22
CORRESP
Correspondence with SEC
10 May 22
UPLOAD
Letter from SEC
9 May 22
CORRESP
Correspondence with SEC
6 Dec 20
UPLOAD
Letter from SEC
2 Dec 20
CORRESP
Correspondence with SEC
29 Nov 20
UPLOAD
Letter from SEC
23 Nov 20
EFFECT
Notice of effectiveness
16 Jun 20
CORRESP
Correspondence with SEC
11 Jun 20
CORRESP
Correspondence with SEC
11 Jun 20
Ownership
4
Amerant Bancorp / Silvio Marshall Martin ownership change
4 Aug 22
4
Amerant Bancorp / Armando Fleitas ownership change
3 Aug 22
4
Amerant Bancorp / Howard A. Levine ownership change
2 Aug 22
4
Amerant Bancorp / Gerald P Plush ownership change
26 Jul 22
4
Amerant Bancorp / Silvio Marshall Martin ownership change
30 Jun 22
3
Amerant Bancorp / Silvio Marshall Martin ownership change
30 Jun 22
4
Amerant Bancorp / Howard A. Levine ownership change
14 Jun 22
3
Amerant Bancorp / Howard A. Levine ownership change
14 Jun 22
4
Amerant Bancorp / JOHN QUELCH ownership change
10 Jun 22
4
Amerant Bancorp / ORLANDO D ASHFORD ownership change
10 Jun 22
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
20 Jan 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
24 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
Reddit threads
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Daily Discussion Thread - July 18th, 2022
18 Jul 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22
Daily Discussion Thread - April 19th, 2022
19 Apr 22
Daily Discussion Thread - April 18th, 2022
18 Apr 22
Daily Discussion Thread - January 20th, 2022
20 Jan 22
Daily Discussion Thread - January 19th, 2022
19 Jan 22
Daily Discussion Thread - January 18th, 2022
18 Jan 22
Daily Discussion Thread - January 17th, 2022
17 Jan 22