secwatch.observer — SEC 8-K summary
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Issuer:     Amerant Bancorp Inc. (AMTB)
CIK:        0001734342
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001734342-24-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amerant swings to Q1 net income of $10.6M; declares $0.09 dividend
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- Net income of $10.6M ($0.31 diluted EPS) vs net loss of $17.1M ($0.51 loss) in Q4 2023.
- Gross loans fell 3.6% to $7.01B due to sale of $401M Houston multifamily loans; organic production $142.5M.
- Total deposits $7.88B (down 0.2% QoQ) but organic deposits grew $331.8M; NIM narrowed to 3.51% from 3.72%.
- Pre-provision net revenue improved to $25.9M from negative $7.6M in prior quarter.
- Board declared $0.09 per share quarterly dividend, payable May 30, 2024 to holders of record May 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000028/0001734342-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000028/amtb-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001734342-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer