Amerant Q1 net income $20.2M ($0.60 EPS) vs $22.0M ($0.65) Q4 2022; declares $0.09 dividend

Amerant Bancorp Inc.

2023-Q1 EPS reported $0.60

Net income of $20.2M ($0.60 diluted EPS) vs $22.0M ($0.65) in Q4 2022.
Total assets increased 4% to $9.5B; deposits up 3.4% to $7.29B.
Non-performing assets rose 29.6% to $48.7M from $37.6M in Q4 2022.
Net interest margin 3.90% vs 3.96% Q4 2022; net interest income flat at $82.3M.
Dividend of $0.09 per share declared, payable May 31, 2023 to holders of record May 15.

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 ended March 31, 2023 results: net income net income attributable to the Company of $20.2 million, EPS $0.60 per diluted share.

Period: the fiscal quarter ended March 31, 2023
Net income: net income attributable to the Company of $20.2 million
EPS: $0.60 per diluted share
Result: reported results

Exact text from the filing

Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company” or “Amerant”) today reported net income attributable to the Company of $20.2 million in the first quarter of 2023, or $0.60 per diluted share, compared to net income attributable to the Company of $22.0 million (1) , or $0.65 per diluted share (1) , in the fourth quarter of 2022.

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Amerant Bancorp Inc. filing history →

Source: SEC EDGAR

accession 0001734342-23-000026

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