Amerant Q3 net loss $48.2M ($1.43/sh) on $68.5M portfolio repositioning loss; raises $155.8M equity

Amerant Bancorp Inc.

2024-Q3 EPS reported -$0.97

Net loss of $48.2M vs Q2 net income of $5.0M; loss per diluted share $1.43.
Completed public offering of 8.68M shares at $19.00, net proceeds $155.8M.
Sold $551M securities, incurring $68.5M pre-tax loss; also $5.7M OREO valuation charge.
Gross loans up $239M to $7.56B; total deposits up $295M to $8.11B; NIM fell to 3.49%.
Board declared $0.09/share dividend, payable Nov 29 to holders of record Nov 14.

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