Amerant Bancorp Reports Sale Of Amerant Bank's Banking Operations And Six Branches In The Houston, Texas Metropolitan Area; No Terms Disclosed

4/17/24 5:02:36 PM ET

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The transaction includes approximately $576 million of deposits and $529 million in loans. MidFirst Bank, based in Oklahoma City, Oklahoma, will acquire Amerant Bank's banking operations and six branches in the Houston, Texas metropolitan area. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2024.

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Recent Analyst Ratings for
$AMTB

Date	Price Target	Rating	Analyst
9/30/2024	$26.00 → $26.50	Neutral → Overweight	Piper Sandler
7/26/2024	$25.00	Buy → Neutral	Janney
6/18/2024	$25.00	Buy	Janney
12/13/2022	$32.00	Outperform → Mkt Perform	Keefe Bruyette
1/21/2022	$34.00 → $38.00	Outperform	Raymond James
11/8/2021		Equal-Weight → Overweight	Stephens
10/22/2021	$30.00 → $31.00	Outperform	Raymond James
10/7/2021	$26.00 → $30.00	Outperform	Raymond James

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Board of Directors Declares Quarterly Cash Dividend of $0.09 per Common Share Amerant Bancorp Inc. (NYSE:AMTB) (the "Company" or "Amerant") today reported net income attributable to the Company of $5.0 million in the second quarter of 2024, or $0.15 per diluted share, compared to $10.6 million, or $0.31 per diluted share, in the first quarter of 2024. "The Company had strong loan growth in the second quarter, as well as significantly higher pre-provision net revenue, excluding the impact of previously disclosed deal charges from the sale of our Houston franchise" stated Jerry Plush, Chairman and CEO. "However, the provision for credit losses was higher than the first quarter, primarily
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AMERANT BANK ANNOUNCES HIRE OF BRADEN R. SMITH AS SENIOR EXECUTIVE VICE PRESIDENT, CHIEF BUSINESS DEVELOPMENT OFFICER AND PROMOTION OF SHARYMAR CALDERON TO SENIOR EXECUTIVE VICE PRESIDENT
Miami, Fl, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, Florida's bank of choice with a growing presence across South Florida, has named Braden R. Smith as SEVP, Chief Business Development Officer. In this key role, Smith will be responsible for identifying, evaluating, and pursuing business opportunities that align with Amerant's strategic growth objectives for and across all lines of business. In addition, Sharymar Calderon, Amerant Bank's EVP and Chief Financial Officer since May 2023, has been promoted to Senior Executive Vice President. "We are excited to welcome Braden as Amerant's new Chief Business Development Officer and to announce Shary's promotion to SEVP, said Jerry P
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MidFirst Bank Completes Acquisition of Amerant Bank Locations in Houston
MidFirst Bank ("MidFirst" or the "Company"), the largest privately owned bank in the nation, today announced the successful completion of its previously announced acquisition of the Houston, Texas banking locations of Amerant Bank, N.A. ("Amerant"), the main subsidiary of Amerant Bancorp Inc. (NYSE:AMTB). Through the acquisition, MidFirst gained Amerant's Houston client relationships and added six banking locations and 45 employees. "Houston is a highly desirable and fast-growing market, and this acquisition is important to our growth plans for Texas," said MidFirst Bank Chairman and CEO Jeff Records. MidFirst Bank Houston Market President Brian Heflin added, "Our team has significant exp
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Amerant Bancorp Inc. (NYSE:AMTB) ("Amerant" or the "Company") today announced that its wholly owned subsidiary, Amerant Bank, N.A (the "Bank"), completed the sale of its banking operations and six branches in the Houston, Texas metropolitan area to MidFirst Bank, based in Oklahoma City, Oklahoma. The previously announced transaction closed on November 8, 2024 and included approximately $573.9 million of deposits and $479.2 million in loans. "We are pleased to announce the successful completion of the sale of our Houston banking operations to MidFirst Bank," said Jerry Plush, Chairman and CEO. "This strategic decision allows us to focus on accelerating growth in our core markets in Florida
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AMERANT BANK ANNOUNCES HIRE OF BRADEN R. SMITH AS SENIOR EXECUTIVE VICE PRESIDENT, CHIEF BUSINESS DEVELOPMENT OFFICER AND PROMOTION OF SHARYMAR CALDERON TO SENIOR EXECUTIVE VICE PRESIDENT
Miami, Fl, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, Florida's bank of choice with a growing presence across South Florida, has named Braden R. Smith as SEVP, Chief Business Development Officer. In this key role, Smith will be responsible for identifying, evaluating, and pursuing business opportunities that align with Amerant's strategic growth objectives for and across all lines of business. In addition, Sharymar Calderon, Amerant Bank's EVP and Chief Financial Officer since May 2023, has been promoted to Senior Executive Vice President. "We are excited to welcome Braden as Amerant's new Chief Business Development Officer and to announce Shary's promotion to SEVP, said Jerry P
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Plantation, FL, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Amerant Bank announced today that Sterling Harrell has joined the Bank as EVP, Broward Market President. Harrell brings a wealth of experience and a proven track record in commercial banking and financial management, making him a valuable addition to Amerant Bank in Broward County. He will be based in Amerant's recently opened Planation, FL regional headquarters. Harrell's most recent role was as the Managing Director - Middle Market Florida for TD Bank, where he demonstrated exceptional performance as a results-oriented senior leader who excels in the development and implementation of comprehensive relationship-based strategies. "We
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MidFirst Bank Receives Regulatory Approval to Acquire Houston Banking Locations of Amerant Bank
MidFirst Bank ("MidFirst" or the "Company"), the largest privately owned bank in the nation, today announced it has received all required regulatory approvals to complete the previously announced acquisition of the Houston, Texas banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp Inc. (NYSE:AMTB). MidFirst expects the acquisition to close on November 8, 2024, subject to the satisfaction of customary closing conditions. Upon closing, MidFirst will add six Amerant Bank locations to the Company's footprint and will gain most of Amerant's Houston loan and deposit relationships. This transaction builds on MidFirst's recent growth in Texas and accelerates the Company's ex
7/31/24 11:00:00 AM ET
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Amerant Bancorp Reports Sale Of Amerant Bank's Banking Operations And Six Branches In The Houston, Texas Metropolitan Area; No Terms Disclosed

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AMERANT BANK ANNOUNCES HIRE OF BRADEN R. SMITH AS SENIOR EXECUTIVE VICE PRESIDENT, CHIEF BUSINESS DEVELOPMENT OFFICER AND PROMOTION OF SHARYMAR CALDERON TO SENIOR EXECUTIVE VICE PRESIDENT

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AMERANT BANK ANNOUNCES HIRE OF BRADEN R. SMITH AS SENIOR EXECUTIVE VICE PRESIDENT, CHIEF BUSINESS DEVELOPMENT OFFICER AND PROMOTION OF SHARYMAR CALDERON TO SENIOR EXECUTIVE VICE PRESIDENT

AMERANT BANK NAMES STERLING HARRELL AS BROWARD MARKET PRESIDENT

MidFirst Bank Receives Regulatory Approval to Acquire Houston Banking Locations of Amerant Bank

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