Amerant Bancorp prices 7.9M share offering at $19.00/share for $150M gross proceeds

Amerant Bancorp Inc.

Priced public offering of 7,900,000 shares of Class A common stock at $19.00 per share; aggregate offering $150M.
Net proceeds expected ~$141.6M (or ~$155.7M if over-allotment option exercised in full).
Proceeds to support organic growth, working capital, resolution of non-performing loans, and balance sheet optimization.
Underwriters: Stephens Inc. and Piper Sandler & Co. (joint book-runners); KBW (Stifel) and Raymond James as co-managers.
Offering expected to close on or about September 27, 2024, subject to customary conditions.

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