Amerant reports Q4 2022 net income $18.8M, EPS $0.55; adopts CECL

Amerant Bancorp Inc.

2022-FY EPS reported $1.85

Net income $18.8M ($0.55 diluted EPS) in Q4 2022; full-year net income $63.3M ($1.85 EPS).
Provision for credit losses $20.9M, including $11.1M retroactive CECL adoption impact; core net income $22.0M ($0.65 EPS).
Total assets $9.1B (+19.5% YoY); gross loans $6.92B (+24.3% YoY); deposits $7.04B (+25.1% YoY).
Net interest margin 3.96% (vs 3.17% in 4Q21); NII $82.2M (+47.3% YoY).
Board declares $0.09 cash dividend payable Feb 28, 2023 to shareholders of record Feb 13, 2023.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Amerant Bancorp Inc. reported the fiscal quarter and year ended December 31, 2022 results: net income $18.8 million in the fourth quarter of 2022, EPS $0.55 per diluted share.

Period: the fiscal quarter and year ended December 31, 2022
Net income: $18.8 million in the fourth quarter of 2022
EPS: $0.55 per diluted share
Result: reported results

Exact text from the filing

On January 19, 2023, Amerant Bancorp Inc. (the "Company") issued a press release to report the Company’s financial results for the fiscal quarter and year ended December 31, 2022.

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Amerant Bancorp Inc. filing history →

Source: SEC EDGAR

accession 0001734342-23-000005

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