AMTB
Amerant Bancorp Inc.20.38
-0.10-0.49%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
863.07MP/E (TTM)
11.85Basic EPS (TTM)
1.72Dividend Yield
0.02%Recent Filings
8-K
Interim CEO appointment announced
Amerant Bancorp appointed Carlos Iafigliola as interim CEO on November 10, 2025, following his role as COO, with Odilon Almeida Jr. becoming board chairman to align on strategy execution. The bank targets $3-4 million quarterly expense cuts, aiming for 7-8% by year-end 2026, while reaffirming 4Q25 core ROA at mid-0.8% to low 0.9% and NIM at 3.75%. New leadership sharpens focus on credit quality amid rising non-performing loans to $124.3 million.
10-Q
Q3 FY2025 results
Amerant Bancorp swung to profitability in Q3 FY2025 ended September 30, 2025, posting net income of $14.8M, up from a $48.2M loss a year earlier, thanks to a 16.2% y/y rise in net interest income to $94.2M and $69.7M in securities gains versus last year's $68.5M repositioning hit. Yet nonperforming assets climbed 14.5% y/y to $139.9M, with provision for credit losses easing 23.2% y/y to $14.6M amid $6.9M net charge-offs. Deposits grew 5.7% y/y to $8.3B, bolstering liquidity with $631M in cash equivalents and $2.1B unused FHLB capacity, while total debt stood at $925M including $832M in FHLB advances (rates 3.54%-4.90%, maturities through 2029). The bank redeemed $60M senior notes in April 2025. Competition in Florida's hot deposit market remains fierce.
8-K
Earnings rescheduled, dividend declared
Amerant Bancorp rescheduled its Q3 2025 earnings release and conference call from October 23 to October 28, allowing time to finalize quarter-end procedures. The board declared a $0.09 per share cash dividend, payable November 28 to shareholders of record on November 14. This delay underscores rigorous review processes, yet signals steady shareholder returns amid routine operations.
8-K
Esterripa steps down abruptly
Amerant Bancorp Inc. announced on September 3, 2025, that Juan Esterripa, its Senior Executive Vice-President and Chief Commercial Banking Officer, stepped down effective immediately. His responsibilities now fall temporarily to Chairman and CEO Jerry Sanchez. Separation terms remain under negotiation. This shift tests leadership depth in commercial banking.
10-Q
Q2 FY2025 results
Amerant Bancorp posted solid Q2 results, with net interest income climbing 14% year-over-year to $90.5M on a 25 basis point NIM expansion to 3.81%, fueled by lower deposit costs and a beefed-up securities portfolio yielding 4.97%. Earnings per share hit $0.55, up from $0.15 last year, as provision for credit losses plunged 68% to $6.1M amid $15.3M net charge-offs, while noninterest income edged up 2% to $19.8M on stronger derivative and fee streams. Deposits swelled 6% to $8.3B, bolstering liquidity with $637M in cash equivalents and $1.9B unused FHLB capacity; the company redeemed $60M senior notes in April. Yet classified loans jumped 29% to $215M, signaling rising credit pressures in commercial real estate and restaurant sectors.
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