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Amerant Bancorp Inc Class A (AMTB)
NYSE:AMTB
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.38Last Year’s EPS
$0.46Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 10.53%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected both positive and negative aspects. While Amerant Bancorp demonstrated strong asset growth, successful capital raising, and strategic expansions, it faced significant earnings loss, increased nonperforming loans, and negative noninterest income due to strategic repositioning. The highlights and lowlights appear balanced.Company Guidance
During the Amerant Bank's Q3 2024 earnings call, the management provided detailed guidance on several key metrics. The company's total assets surpassed $10 billion, reaching $10.38 billion, marking an increase from $9.75 billion in the previous quarter. Despite the substantial charge to earnings due to the investment portfolio repositioning and a resulting loss of $48.2 million, the core pre-provision net revenue was strong at $31.3 million. The bank experienced organic growth, with total gross loans increasing by $239.1 million to $7.56 billion, and total deposits rising by $294.9 million to $8.11 billion. Their net interest margin was slightly down to 3.49% from 3.56% in the previous quarter, yet net interest income improved to $81 million. The provision for credit losses was stable at $19 million, and their CET1 ratio improved to 10.6% from 9.6%. Looking forward, the bank aims to maintain a CET1 ratio above 11% in 2025, with expectations for net interest margin to rise slightly in the coming quarter. The bank also anticipates a provision for credit losses between $8 million to $9 million in Q4, as they continue to focus on achieving long-term targets of a 60% efficiency ratio and a 1% ROA by the second half of 2025.Record Asset Growth
Amerant Bancorp's total assets reached $10.38 billion, officially crossing the $10 billion mark, up from $9.75 billion in the second quarter.
Organic Loan and Deposit Growth
Total gross loans increased by $239.1 million to $7.56 billion, and total deposits increased by $294.9 million to $8.11 billion, both driven by organic growth.
Successful Capital Raise
The company completed a public offering raising approximately $165 million in gross proceeds, reinforcing its capital position.
Increased Liquidity
Amerant's borrowing capacity increased to $2.6 billion after additional loan collateral transfer, providing significant liquidity.
Strategic Expansion in Florida
Plans to open new banking centers in Miami Beach and Tampa by mid-2025, alongside hiring key personnel to support growth.
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AMTB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMTB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $20.19 | $20.58 | +1.93% |
| Jul 24, 2024 | $26.15 | $24.07 | -7.95% |
| Apr 24, 2024 | $22.44 | $21.81 | -2.81% |
| Jan 24, 2024 | $23.78 | $24.02 | +1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amerant Bancorp Inc Class A (AMTB) report earnings?
Amerant Bancorp Inc Class A (AMTB) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Amerant Bancorp Inc Class A (AMTB) earnings time?
Amerant Bancorp Inc Class A (AMTB) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMTB EPS forecast?
AMTB EPS forecast for the fiscal quarter 2024 (Q4) is $0.38.
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