Amerant reports Q3 net income $22.1M ($0.66 EPS), up from $7.3M in Q2

Amerant Bancorp Inc.

2023-Q3 EPS reported $1.47

Net income $22.1M ($0.66 diluted EPS) vs $7.3M ($0.22) in Q2; ROA 0.92% vs 0.31%.
Deposits $7.55B down 0.4% but organic growth of $208M offset $292M institutional reduction.
Net interest margin 3.57% vs 3.83% in Q2; PPNR $36.5M vs $38.3M.
Non-performing assets fell 20.8% to $53.4M; allowance for credit losses $98.8M.
Board declared $0.09 quarterly dividend payable Nov 30 to holders of record Nov 14.

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 September 30, 2023 results: net income net income attributable to the Company of $22.1 million, EPS $0.66 per diluted share.

Period: the fiscal quarter ended September 30, 2023
Net income: net income attributable to the Company of $22.1 million
EPS: $0.66 per diluted share
Result: reported results

Exact text from the filing

Amerant Bancorp Inc. (the "Company") issued a press release to report the Company’s financial results for the fiscal quarter ended September 30, 2023.

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Amerant Bancorp Inc. filing history →

Source: SEC EDGAR

accession 0001734342-23-000066

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