secwatch.observer — SEC 8-K summary
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Issuer:     Amerant Bancorp Inc. (AMTB)
CIK:        0001734342
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001734342-24-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000052/0001734342-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734342/000173434224000052/amtb-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001734342-24-000052

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