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Amerant Bancorp ( (AMTB) ) has provided an announcement.
Amerant Bancorp reported a net income of $16.9 million in the fourth quarter of 2024, marking a significant recovery from a net loss in the previous quarter. Despite a decline in total assets due to the sale of its Houston franchise, the company saw an increase in net interest income and a reduction in credit loss provisions, positioning itself for asset growth in early 2025. The company’s strategic focus on Florida and ongoing transformation efforts are aimed at enhancing its competitive position.
More about Amerant Bancorp
Amerant Bancorp Inc. operates in the financial industry, primarily offering banking services and products. The company focuses on becoming the bank of choice in Florida, with a strong emphasis on growth and transformation.
YTD Price Performance: 5.43%
Average Trading Volume: 243,038
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $957.1M
For detailed information about AMTB stock, go to TipRanks’ Stock Analysis page.
