Amerant Q4 2023 net loss $17.1M; $30M charge on CRE loan sale

Amerant Bancorp Inc.

2023-FY EPS reported $0.96

Net loss of $17.1M ($0.51 diluted EPS) in Q4 2023 vs net income of $32.5M ($0.96 EPS) for full year.
Recorded $30M pre-tax non-cash charge on sale of $401M Houston commercial real estate loans.
Total deposits rose $325.7M to $7.9B (+4.3% QoQ); gross loans up $132.8M to $7.28B (+1.9% QoQ).
Net interest margin improved to 3.72% from 3.57% in Q3 2023; pre-provision net revenue negative $7.6M.
Board declared $0.09/share cash dividend payable Feb 29, 2024 to holders of record Feb 14.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Amerant Bancorp Inc. reported FY 2023 results: net income Net income attributable to the Company was $32.5 million, EPS 0.96 per diluted share.

Period: FY 2023
Net income: Net income attributable to the Company was $32.5 million
EPS: 0.96 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to the Company was $32.5 million for the full-year 2023, or $0.96 per diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Amerant Bancorp Inc. reported Q4 2023 results: net income net loss attributable to the Company of $17.1 million, EPS $0.51 per diluted share.

Period: Q4 2023
Net income: net loss attributable to the Company of $17.1 million
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

Amerant Bancorp Inc. (NYSE: AMTB) (the "Company" or "Amerant") today reported a net loss attributable to the Company of $17.1 million in the fourth quarter of 2023, or $0.51 per diluted share.

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Amerant Bancorp Inc. filing history →

Source: SEC EDGAR

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