Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
18 October 2018Website:
http://www.amerantbank.comNext earnings report:
24 January 2025Last dividends:
15 August 2024Next dividends:
14 November 2024Price
after hours | Fri, 01 Nov 2024 20:09:04 GMTAnalysts recommendations
Institutional Ownership
AMTB Latest News
Amerant Bancorp Inc. (AMBT) Q3 2024 Results Conference Call October 24, 2024 9:00 AM ET Company Participants Laura Rossi - Head of Investor Relations Jerry Plush - Chairman and Chief Executive Officer Sharymar Calderon - Executive Vice President and Chief Financial Officer Conference Call Participants Russell Gunther - Stephens Joe Yanchunis - Raymond James Woody Lay - KBW Operator Greetings, and welcome to the Amerant Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.
The headline numbers for Amerant Bancorp (AMTB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Amerant Bancorp Inc. (AMTB) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.64 per share a year ago.
CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today reported a net loss attributable to the Company of $48.2 million in the third quarter of 2024, or $1.43 loss per diluted share, compared to net income of $5.0 million, or $0.15 income per diluted share, in the second quarter of 2024. On September 27, 2024, the Company completed a public offering of 8,684,210 shares of its Class A voting common stock, at a price to the public of $19.00 per s.
AMTB, CAR and BSET have been added to the Zacks Rank #24 (Strong Sell) List on October 15, 2024.
CARE, AMTB and GMS have been added to the Zacks Rank #5 (Strong Sell) List on October 10, 2024.
AMTB, BZH and CNMD have been added to the Zacks Rank #24 (Strong Sell) List on September 26, 2024.
Amerant Bancorp Inc. (AMTB) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.24 per share a year ago.
New Market President joins Amerant on the heels of recently announcing its third Palm Beach banking center and regional office set to open in Q1 2025 New Market President joins Amerant on the heels of recently announcing its third Palm Beach banking center and regional office set to open in Q1 2025
Although the financial results of Amerant Bancorp (AMTB) for the quarter ending in March 2024 provide an overview of the company's performance, it may be beneficial to examine how certain important metrics compare to analyst forecasts and the previous year's figures.
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What type of business is Amerant Bancorp?
Amerant Bancorp Inc. operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits. The company also provides variable and fixed rate commercial real estate loans; owner-occupied; single-family residential; commercial; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements. In addition, it offers trust and estate planning products and services to high-net-worth customers, brokerage and investment advisory services in global capital markets, and wealth management and fiduciary services. Further, the company provides debit and credit cards, night depositories, direct deposits, cashier's checks, safe deposit boxes, letters of credit, and treasury management services, including wire transfer, remote deposit capture, and automated clearinghouse services; derivative instruments; and online and mobile banking, account balances, statements and other documents, online transfers and bill payment, and electronic delivery of customer statements services, as well as automated teller machines, and banking by mobile devices, telephone, and mail. It operates banking centers in Florida and Texas. The company was formerly known as Mercantil Bank Holding Corporation and changed its name to Amerant Bancorp Inc. in June 2019. Amerant Bancorp Inc. was founded in 1979 and is headquartered in Coral Gables, Florida.
What sector is Amerant Bancorp in?
Amerant Bancorp is in the Financial Services sector
What industry is Amerant Bancorp in?
Amerant Bancorp is in the Banks - Regional industry
What country is Amerant Bancorp from?
Amerant Bancorp is headquartered in United States
When did Amerant Bancorp go public?
Amerant Bancorp initial public offering (IPO) was on 18 October 2018
What is Amerant Bancorp website?
https://www.amerantbank.com
Is Amerant Bancorp in the S&P 500?
No, Amerant Bancorp is not included in the S&P 500 index
Is Amerant Bancorp in the NASDAQ 100?
No, Amerant Bancorp is not included in the NASDAQ 100 index
Is Amerant Bancorp in the Dow Jones?
No, Amerant Bancorp is not included in the Dow Jones index
When was Amerant Bancorp the previous earnings report?
No data
When does Amerant Bancorp earnings report?
The next expected earnings date for Amerant Bancorp is 24 January 2025