secwatch.observer — SEC 8-K summary
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Issuer:     Amerant Bancorp Inc. (AMTB)
CIK:        0001734342
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001734342-24-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amerant Q2 net income falls to $5.0M ($0.15 EPS); NPAs surge 140%
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- Net income $5.0M ($0.15 diluted EPS) vs $10.6M ($0.31) in Q1 2024.
- Provision for credit losses $19.2M, up 54.4% from $12.4M in Q1.
- Non-performing assets $121.1M, up 139.9% from $50.5M in Q1.
- Total gross loans $7.32B, up 4.5% QoQ; deposits down 0.8% to $7.82B.
- Board declared $0.09/share dividend, payable Aug 30 to holders of record Aug 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000040/0001734342-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000040/amtb-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001734342-24-000040

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