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1. Company Snapshot

1.a. Company Description

Amerant Bancorp Inc.operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally.The company offers checking, savings, and money market accounts; and certificates of deposits.


It also provides variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals primarily secured by personal residence; working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements.In addition, the company offers trust and estate planning products and services to high-net-worth customers, brokerage and investment advisory services in global capital markets, and wealth management and fiduciary services.Further, it provides debit and credit cards, night depositories, direct deposits, cashier's checks, safe deposit boxes, letters of credit, and treasury management services, including wire transfer, remote deposit capture, and automated clearinghouse services; derivative instruments; and online and mobile banking, account balances, statements and other documents, online transfers and bill payment, and electronic delivery of customer statements services, as well as automated teller machines, and banking by mobile devices, telephone, and mail.


As of December 31, 2021, the company operated 24 banking centers comprising 17 in Florida and 7 in Texas.It also operates loan production offices in Tampa, Florida.The company was formerly known as Mercantil Bank Holding Corporation and changed its name to Amerant Bancorp Inc.


in June 2019.Amerant Bancorp Inc.was founded in 1979 and is headquartered in Coral Gables, Florida.

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1.b. Last Insights on AMTB

Amerant Bancorp Inc.'s recent performance was positively driven by its Q2 2025 earnings beat, with quarterly earnings of $0.57 per share exceeding the Zacks Consensus Estimate of $0.38 per share. The company's strong top- and bottom-line numbers reflect improved business performance. Additionally, investors are closely watching the stock's movements in the options market, indicating potential for future growth. There are no recent announcements on share buybacks. Pomerantz LLP's investigation into claims on behalf of investors has been a recent development, but its impact is unclear.

1.c. Company Highlights

2. Amerant Bancorp's 3Q25 Earnings: A Mixed Bag

Amerant Bancorp reported a mixed financial performance in 3Q25, with earnings per share (EPS) coming in at $0.39, missing the estimated $0.53. Revenue growth was relatively flat, with total interest income increasing, but being offset by higher provision for credit losses. The net interest margin (NIM) was impacted by the repricing of floating-rate loans and the effect of additional rate cuts. The reported EPS translates to a price-to-earnings (P/E) ratio of 10.7, indicating a reasonable valuation. The bank's Price-to-Tangible Book Value (P/TBV) is around the same level as the P/B ratio of 0.8, suggesting that tangible book value is close to the book value.

Publication Date: Nov -25

📋 Highlights
  • Nonperforming Assets Increase: Rose to $140 million (1.3% of total assets) from $98 million (0.9%) in Q2 2025 due to $69.9 million in downgraded commercial loans.
  • Payoff Recovery: Achieved $11.8 million loan payoff, recovering $8.7 million in prior charge-offs and generating $341,000 in Q4 interest income.
  • Total Assets: Reached $10.4 billion (up from prior figures), with investment securities at $2.3 billion (+$336.8 million) and gross loans at $6.9 billion (-$247.4 million).
  • Expense Reduction Target: Aims for $2 million to $3 million quarterly savings in 2026 via contract reviews, in-house task shifts, and cost eliminations.
  • Loan Growth Outlook: Expects $125 million–$175 million net loan growth in Q4 2025, offset by criticized asset reductions and payoffs.

Asset Quality Concerns

Asset quality was a significant concern in 3Q25, with nonperforming assets (NPAs) increasing to $140 million, or 1.3% of total assets. This was driven by the downgrade of commercial real estate (CRE) loans and commercial loans due to updated financials and missed projections. However, the bank is taking proactive steps to address these issues, including realigning personnel, investing in third-party reviews, and launching a leadership meeting to monitor progress. As Jerry Plush noted, "we're committed to resolving these issues prudently and expeditiously."

Loan Growth and Deposit Trends

Total gross loans decreased by $247.4 million to $6.9 billion in 3Q25, while total deposits remained relatively flat at $8.3 billion. The bank expects loan growth to be selective, focusing on commercial and industrial (C&I) loans, and a more cautious approach to CRE lending. Deposit growth is expected to be in line with loan growth. The bank is also working to reduce its investment portfolio growth and is considering contraction in this area.

Expense Reduction Initiatives

The bank has launched an expense reduction initiative, aiming to achieve $2 million to $3 million in savings per quarter in 2026. This includes contract reviews, transferring tasks from third parties to in-house resources, and outright expense elimination. The bank expects to normalize its expense base to around $74 million, with additional reductions through initiatives like reviewing third-party contracts.

Outlook and Valuation

Analysts estimate revenue growth of 2.1% for next year. Given the current valuation metrics, including a P/E ratio of 10.7 and a P/B ratio of 0.8, the stock appears to be reasonably valued. The dividend yield of 1.98% provides a relatively stable return. With the bank's efforts to address asset quality concerns and reduce expenses, there is potential for improved financial performance in the future.

3. NewsRoom

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Analyzing Susquehanna Bancshares (NASDAQ:SUSQ) and Amerant Bancorp (NYSE:AMTB)

Nov -21

Source: defenseworld.net

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Amerant Bancorp Announces Executive Transition

Nov -06

Source: businesswire.com

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Amerant Bancorp Inc. (AMTB) Q3 2025 Earnings Call Transcript

Oct -28

Source: seekingalpha.com

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Compared to Estimates, Amerant Bancorp (AMTB) Q3 Earnings: A Look at Key Metrics

Oct -28

Source: zacks.com

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Amerant Bancorp Inc. (AMTB) Misses Q3 Earnings Estimates

Oct -28

Source: zacks.com

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Amerant Reports Third Quarter 2025 Results

Oct -28

Source: businesswire.com

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Head to Head Review: SmartFinancial (NASDAQ:SMBK) and Amerant Bancorp (NYSE:AMTB)

Oct -26

Source: defenseworld.net

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SmartFinancial (NASDAQ:SMBK) and Amerant Bancorp (NYSE:AMTB) Critical Survey

Oct -24

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (14.00%)

6. Segments

Banking and Related Activities

Expected Growth: 14%

Amerant Bancorp Inc.'s 14% growth in Banking and Related Activities is driven by strategic expansion into new markets, increased lending activities, and a focus on digital transformation. Additionally, the company's efforts to improve operational efficiency, reduce costs, and enhance customer experience have contributed to its growth. Furthermore, a favorable interest rate environment and a strong balance sheet have also supported the segment's growth.

7. Detailed Products

Commercial Banking

Amerant Bancorp Inc. offers a range of commercial banking services, including cash management, treasury management, and commercial lending, to help businesses manage their finances and achieve their goals.

Consumer Banking

Amerant Bancorp Inc. provides consumer banking services, including checking and savings accounts, credit cards, and personal loans, to help individuals manage their personal finances.

Mortgage Banking

Amerant Bancorp Inc. offers mortgage banking services, including residential and commercial mortgage lending, to help individuals and businesses finance their property purchases.

Wealth Management

Amerant Bancorp Inc. provides wealth management services, including investment management, trust services, and financial planning, to help individuals and families manage their wealth.

Treasury Management

Amerant Bancorp Inc. offers treasury management services, including cash management, foreign exchange, and trade finance, to help businesses manage their financial risks and optimize their cash flow.

8. Amerant Bancorp Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Amerant Bancorp Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the complexity and regulatory requirements of the banking industry.

Bargaining Power Of Customers

Amerant Bancorp Inc. has a diverse customer base, and no single customer has significant bargaining power.

Bargaining Power Of Suppliers

Amerant Bancorp Inc. has a diversified supplier base, and no single supplier has significant bargaining power.

Threat Of New Entrants

The banking industry has high barriers to entry, including regulatory requirements and capital requirements, making it difficult for new entrants to enter the market.

Intensity Of Rivalry

Amerant Bancorp Inc. operates in a highly competitive industry, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 55.59%
Debt Cost 8.73%
Equity Weight 44.41%
Equity Cost 8.73%
WACC 8.73%
Leverage 125.17%

11. Quality Control: Amerant Bancorp Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

19.28$

Current Price

19.28$

Potential

-0.00%

Expected Cash-Flows