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. The company offers a range of checking and savings accounts, certificates of deposit, and money market accounts. It also provides variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals primarily secured by personal residence; working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as automobile loans, personal loans, or loans secured by cash or securities and revolving credit card agreements. In addition, the company 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, it provides debit and credit cards; remote deposit capture, online and mobile banking, night depository, direct deposit, and treasury management services; cashier's checks, safe deposit boxes, and letters of credit, as well as automated clearinghouse services; and account balances, online transfers, online bill payment, and electronic delivery of customer statements, as well as automated teller machines, and banking by mobile device, telephone, and mail. As of December 31, 2020, the company operated 25 banking centers comprising 18 in Florida and 7 in Texas. It also operates loan production offices in New York City, New York, as well as Dallas, 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.
IPO Year:
Exchange: NASDAQ
Website: amerantbank.com
| 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 |
| 8/30/2021 | $23.00 → $30.00 | Neutral → Overweight | Piper Sandler |
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
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
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
Board of Directors Declares Quarterly Cash Dividend of $0.09 per Common Share 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 share, which included 784,210 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The to
Amerant Bancorp Inc. (NYSE:AMTB) (the "Company" or "Amerant") today announced that, on October 23, 2024, the Company's Board of Directors declared a cash dividend of $0.09 per-share of Amerant common stock. The dividend is payable on November 29, 2024, to shareholders of record at the close of business on November 14, 2024. About Amerant Bancorp Inc. (NYSE:AMTB) Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the "Bank"), as well as its other subsidiaries: Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The Company provides individuals an
Miami, FL, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Newsweek recently announced their annual rankings of 2024 America's Top Most Loved Workplace®, and Amerant Bank is now ranked No. 41, up seven spots from the previous year. The 2024 Top 100 Most Loved Workplaces® are the result of a collaboration between Newsweek and the Best Practice Institute (BPI), a leadership development and benchmark research company. BPI's results were determined after surveying over 2.6 million employees from businesses with workforces varying in size from 50 to more than 10,000. The list recognizes companies that have created a workplace where employees feel respected, inspired, and appreciated and are at the center
Amerant Bancorp Inc. (NYSE:AMTB) ("Amerant" or the "Company"), today announced it will release third quarter 2024 earnings results on Wednesday, October 23, 2024 after the market closes. Once released, investors may access Amerant's earnings results at https://investor.amerantbank.com by choosing "Financial Results" under the "Financials Info" heading. On Thursday, October 24, 2024, Jerry Plush, Chairman and Chief Executive Officer, and Sharymar Calderón, Executive Vice-President and Chief Financial Officer, will host a conference call at 9:00 AM ET to discuss the Company's financial and operating results for the quarter. Conference Call Details Participant Dial-In: (866) 405-1245 / (215
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
Amerant Bancorp Inc. (NYSE:AMTB) (the "Company") today announced the closing of its public offering of 8,684,210 shares of its Class A voting common stock (the "common stock"), at a price to the public of $19.00 per share, which included 784,210 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offering were approximately $165 million. Stephens Inc. and Piper Sandler & Co. acted as joint book-running managers for the offering. Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. acted as co-managers. The Company received net proceeds from the offering of ap
Amerant Bancorp Inc. (NYSE:AMTB) ("Amerant" or the "Company") today announced the pricing of its public offering of 7,900,000 shares of its Class A voting common stock (the "common stock"), at a price to the public of $19.00 per share, for an aggregate offering amount of $150 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 784,210 shares of common stock at the public offering price, less underwriting discounts. Stephens Inc. and Piper Sandler & Co. are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, A Stifel Company, and Raymond James & Associates, Inc. are acting as co-managers. The Company in
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Piper Sandler upgraded Amerant Bancorp from Neutral to Overweight and set a new price target of $26.50 from $26.00 previously
Janney downgraded Amerant Bancorp from Buy to Neutral and set a new price target of $25.00
Janney resumed coverage of Amerant Bancorp with a rating of Buy and set a new price target of $25.00
Keefe Bruyette downgraded Amerant Bancorp from Outperform to Mkt Perform and set a new price target of $32.00
Raymond James reiterated coverage of Amerant Bancorp with a rating of Outperform and set a new price target of $38.00 from $34.00 previously
Stephens upgraded Amerant Bancorp from Equal-Weight to Overweight
Raymond James reiterated coverage of Amerant Bancorp with a rating of Outperform and set a new price target of $31.00 from $30.00 previously
Raymond James reiterated coverage of Amerant Bancorp with a rating of Outperform and set a new price target of $30.00 from $26.00 previously
Piper Sandler upgraded Amerant Bancorp from Neutral to Overweight and set a new price target of $30.00 from $23.00 previously
Stephens & Co. initiated coverage of Amerant Bancorp with a rating of Equal-Weight and set a new price target of $25.50
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Amerant Bancorp (NYSE:AMTB) reported quarterly earnings of $0.28 per share which missed the analyst consensus estimate of $0.35 by 20 percent. This is a 16.67 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $98.747 million which beat the analyst consensus estimate of $93.646 million by 5.45 percent. This is a 0.71 percent increase over sales of $98.051 million the same period last year.
Janney Montgomery Scott analyst Jake Civiello assumes Amerant Bancorp (NYSE:AMTB) with a Buy rating.
Keefe, Bruyette & Woods analyst Brady Gailey maintains Amerant Bancorp (NYSE:AMTB) with a Market Perform and lowers the price target from $28 to $26.
Amerant Bancorp (NYSE:AMTB) reported quarterly earnings of $0.32 per share which missed the analyst consensus estimate of $0.36 by 11.11 percent. This is a 45.76 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $92.662 million which beat the analyst consensus estimate of $91.374 million by 1.41 percent. This is a 5.66 percent decrease over sales of $98.220 million the same period last year.
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.
The commercial real estate sector’s current quandary has precipitated a significant drop in regional bank stocks, stirring investors’ memories of the notorious Silicon Valley Bank downfall. What Happened: The KBW Nasdaq Regional Bank Index experienced its most severe drop since March, decreasing by 6%. This slump was primarily instigated by New York Community Bancorp, Inc. (NYSE:NYCB), which saw a nearly 40% drop following a Q4 loss of $260 million, consequent to distressed commercial real estate loans, according to a Business Insider report on Wednesday. Losses in the U.S. property market also led to a 20% plunge in Agora Inc (NASDAQ:API) bank stocks based in Tokyo, while Deutsche Ban
Keefe, Bruyette & Woods analyst Brady Gailey maintains Amerant Bancorp (NYSE:AMTB) with a Market Perform and raises the price target from $27 to $28.
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Amerant Bancorp (NYSE:AMTB) in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 0 0 Last 30D 0 1 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Amerant Bancorp, presenting an average target of $25.5, a high estimate of $27.00, and a low estimate of $25.00. Marking an increase of 8.5
Piper Sandler analyst Stephen Scouten downgrades Amerant Bancorp (NYSE:AMTB) from Overweight to Neutral and announces $25 price target.
Raymond James analyst Michael Rose maintains Amerant Bancorp (NYSE:AMTB) with a Outperform and raises the price target from $23 to $27.
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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
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
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
PALM BEACH, Fl, July 01, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, Florida's bank of choice with a growing presence across South Florida, has named Jesse Flowers as EVP, Palm Beach Market President. Flowers, an integral part of the financial services industry in the Palm Beach market, brings over two decades of experience in banking, specializing in servicing clients seeking a true and authentic relationship with their bank. "We are excited to welcome Jesse as Amerant's new market president for Palm Beach County. His focus on relationship banking and his commitment to client success align perfectly with our precepts," said Jerry Plush, Chairman and CEO of Amerant Bank. "We are confident th
TAMPA, Fl, June 17, 2024 (GLOBE NEWSWIRE) -- Amerant Bank, Florida's bank of choice with a growing presence across the Greater Tampa area, has named industry veteran, Mike Nursey, as EVP, Central Florida Market President. Nursey will be responsible for the strategic execution of Amerant Bank's growth strategy in Hillsborough, Pinellas counties as well as other key markets throughout Central Florida. "We are delighted to welcome Mike to the Amerant Bank team. His expertise in leading high-performing teams and client relationship management is an ideal fit for Amerant as we continue to proactively further our presence in the Greater Tampa area and Central Florida markets," said Jerry Plu
Acquisition includes Houston operations and client relationships, building on MidFirst's recent growth in Texas and the Western United States MidFirst Bank ("MidFirst" or the "Company"), the largest privately owned bank in the nation, has entered into a definitive agreement to acquire the Houston, Texas banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp Inc. (NYSE:AMTB). Upon closing expected later this year, MidFirst will add six Amerant Bank locations to the Company's footprint and will gain Amerant's Houston client relationships totaling approximately $576 million in deposits and $529 million in loans. This transaction builds on MidFirst Bank's recent growth in
Houston, Tx, June 15, 2023 (GLOBE NEWSWIRE) -- Amerant Bank, one of the nation's largest community banks, with a growing presence in Houston, has been named the Official Bank of Rice University Athletics, underscoring its commitment to the Houston community. The multifaceted partnership includes prominent branding throughout university athletic venues, special events, online channels and more, as well as the ability to provide banking services to athletics fans, donors, students, and the surrounding community. The bank has been serving the greater Houston market since 2001 and entered the strategic partnership on the heels of its recent plans for expansion and appointment of industry ve
CORAL GABLES, Fla., May 09, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ:AMTB) (the "Company" or "Amerant") and its subsidiary, Amerant Bank, the largest community bank headquartered in Florida, announced today that Sharymar Calderón, CPA, will become Executive Vice President (EVP), Chief Financial Officer (CFO) for the Company and the Bank effective June 1, 2023. Calderón has served as Senior Vice President (SVP), Head of Internal Audit at Amerant since June 2021, where she has led the implementation and monitoring of the Company's audit plan and risk assessments, including coordination with external auditors and the integration of SOX audits. "I am delighted to announce Sh
CORAL GABLES, FL, April 17, 2023 (GLOBE NEWSWIRE) -- Amerant Bank, the largest community bank headquartered in Florida, named Juan Esterripa to SEVP, Head of Commercial Banking. Esterripa will oversee multiple business sectors, including commercial banking, commercial real estate, syndications, specialty finance, and treasury management, while promoting business development across the bank and driving profitable growth. "We are pleased to welcome Juan to Amerant as a member of our executive team," said Jerry Plush, Chairman and CEO, Amerant Bank. "He is a well-recognized leader in the banking community here in Miami, with a proven track record of success." Esterripa is a seaso
CORAL GABLES, Fla., April 05, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ:AMTB) (the "Company" or "Amerant") and its subsidiary, Amerant Bank, the largest community bank headquartered in Florida, announced the appointment of Ashaki Rucker to its Board of Directors, effective April 17, 2023. Rucker is Senior Vice President, Head of Human Resources of Miami-based NBCUniversal Telemundo Enterprises & Latin America. In her current role, Rucker is responsible for the development and execution of the organization's Human Capital Strategy. She was instrumental in the development of its Diversity, Equity & Inclusion strategy and is a current member of the NBCUniversal Diversity Council.
Amerant Bancorp Inc. (NYSE:AMTB) (the "Company" or "Amerant") today announced that, on October 23, 2024, the Company's Board of Directors declared a cash dividend of $0.09 per-share of Amerant common stock. The dividend is payable on November 29, 2024, to shareholders of record at the close of business on November 14, 2024. About Amerant Bancorp Inc. (NYSE:AMTB) Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the "Bank"), as well as its other subsidiaries: Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The Company provides individuals an
Amerant Bancorp Inc. (NYSE:AMTB) ("Amerant" or the "Company"), today announced it will release third quarter 2024 earnings results on Wednesday, October 23, 2024 after the market closes. Once released, investors may access Amerant's earnings results at https://investor.amerantbank.com by choosing "Financial Results" under the "Financials Info" heading. On Thursday, October 24, 2024, Jerry Plush, Chairman and Chief Executive Officer, and Sharymar Calderón, Executive Vice-President and Chief Financial Officer, will host a conference call at 9:00 AM ET to discuss the Company's financial and operating results for the quarter. Conference Call Details Participant Dial-In: (866) 405-1245 / (215
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
Amerant Bancorp Inc. (NYSE:AMTB) (the "Company" or "Amerant") today announced that, on July 24, 2024, the Company's Board of Directors declared a cash dividend of $0.09 per-share of Amerant common stock. The dividend is payable on August 30, 2024, to shareholders of record at the close of business on August 15, 2024. About Amerant Bancorp Inc. (NYSE:AMTB) Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the "Bank"), as well as its other subsidiaries: Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The Company provides individuals and bus
Amerant Bancorp Inc. (NYSE:AMTB) ("Amerant" or the "Company"), today announced it will release second quarter 2024 earnings results on Wednesday, July 24, 2024 after the market closes. Once released, investors may access Amerant's earnings results at https://investor.amerantbank.com by choosing "Financial Results" under the "Financials Info" heading. On Thursday, July 25, 2024, Jerry Plush, Chairman and Chief Executive Officer, and Sharymar Calderón, Executive Vice-President and Chief Financial Officer, will host a conference call at 9:00 AM ET to discuss the Company's financial and operating results for the quarter. Conference Call Details Participant Dial-In: (866) 405-1245 / (215)
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 $10.6 million in the first quarter of 2024, or $0.31 per diluted share, compared to a net loss attributable to the Company of $17.1 million, or $0.51 per diluted share, in the fourth quarter of 2023. "We continued to invest in our future in the first quarter of 2024, opening new locations in Tampa and Ft. Lauderdale, while adding 12 new team members to our already talented business development teams across south Florida," stated Jerry Plush, Chairman and CEO. "In addition to our recently annou
Amerant Bancorp Inc. (NYSE:AMTB) (the "Company" or "Amerant") today announced that, on April 24, 2024, the Company's Board of Directors declared a cash dividend of $0.09 per-share of Amerant common stock. The dividend is payable on May 30, 2024, to shareholders of record at the close of business on May 15, 2024. About Amerant Bancorp Inc. (NYSE:AMTB) Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the "Bank"), as well as its other subsidiaries: Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The Company provides individuals and business
Amerant Bancorp Inc. (NYSE:AMTB) ("Amerant" or the "Company") today announced that its wholly owned subsidiary, Amerant Bank, N.A., entered into a definitive purchase and assumption agreement under which 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 includes approximately $576 million of deposits and $529 million in loans. "As part of our strategic planning process, we reviewed our current business model of operating in both Florida and Texas. While we have appreciated the opportunity to serve our customers in Houston and see the potential for growth there, we recogn
Amerant Bancorp Inc. (NYSE:AMTB) ("Amerant" or the "Company"), today announced it will release first quarter 2024 earnings results on Wednesday, April 24, 2024 after the market closes. Once released, investors may access Amerant's earnings results at https://investor.amerantbank.com by choosing "Financial Results" under the "Financials Info" heading. On Thursday, April 25, 2024, Jerry Plush, Chairman and Chief Executive Officer, and Sharymar Calderón, Executive Vice-President and Chief Financial Officer, will host a conference call at 9:00 AM ET to discuss the Company's financial and operating results for the quarter. Conference Call Details Participant Dial-In: (866) 405-1245 / (215)
Amerant Bancorp Inc. (NYSE:AMTB) (the "Company" or "Amerant") today reported a net loss attributable to the Company of $17.1 million in the fourth quarter of 2023, or $0.51 per diluted share. Net income attributable to the Company was $32.5 million for the full-year 2023, or $0.96 per diluted share. "Strong organic loan and deposit growth were among the highlights of the quarter," stated Jerry Plush, Chairman and CEO. "We completed our long-awaited conversion to new core systems as well and recently took a number of actions that, while resulting in a loss for the quarter, best position the Company for 2024 and the projected decline in interest rates. Our focus for 2024 now shifts to execu