NYSE$AMTB
Amerant Bancorp Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Amerant's financial performance for Q1 2020 was reported, demonstrating resilience amidst the COVID-19 pandemic.
Amerant Bancorp Inc. reported a net income of $3.4 million for Q1 2020, a significant decrease compared to both Q4 2019 and Q1 2019. However, operating income showed a slight increase from the previous quarter and remained flat year-over-year. The company increased its allowance for loan losses due to the estimated deterioration of its loan portfolio caused by COVID-19.
- Net income was $3.4 million, down 74.9% from Q4 2019 and 74.1% from Q1 2019, primarily due to increased provision for loan losses.
- Operating income was $16.7 million, up 12.5% from Q4 2019 and flat compared to Q1 2019.
- Net interest income (NII) was $49.2 million, down 4.0% from Q4 2019 and 11.2% from Q1 2019, with a net interest margin (NIM) of 2.65%.
- Noninterest income was $21.9 million, up 37.2% from Q4 2019 and 66.5% from Q1 2019, driven by net gains on the sale of securities.
Headline financials
Revenue & EPS history
Amerant · Revenue · Quarterly
$71.1M
Forward guidance
Amerant anticipates continued pressure on NII and NIM due to the depressed interest rate environment caused by the COVID-19 pandemic and the ongoing runoff of low-cost international deposits. The company is proactively managing deposits, exploring higher-yield investments, and seeking lower-cost funding options.
Tailwinds
- Proactively repricing deposits to manage costs.
- Leveraging opportunities for higher-yield investments.
- Seeking lower-cost wholesale funding.
- Working diligently to meet the banking needs of domestic and international clients.
- Modified maturities on $420.0 million fixed-rate FHLB advances, resulting in $2.4 million of cost savings for the remainder of 2020.
Headwinds
- Interest-earning assets are expected to price lower.
- Continued runoff of low-cost international deposits.
- NII and NIM are expected to remain pressured.
- Economic disruption caused by COVID-19 is expected to impact the Company's credit quality.
- Uncertain duration and magnitude of the slowdown in U.S. and global economic activity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.6%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+5.6%
Avg return
30 days after
54%
19 / 35 earnings
Positive
+16.5%
Q1 2020
Best reaction
-13.1%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.5% | -4.7% | -7.0% | |
| Q4 2025 | -4.5% | -6.0% | +1.7% | |
| Q3 2025 | -3.7% | -4.3% | +7.5% | |
| Q2 2025 | -3.1% | -1.8% | +2.8% | |
| Q1 2025 | -13.1% | -12.4% | -12.4% | |
| Q4 2024 | +3.3% | +3.5% | -0.2% | |
| Q3 2024 | +0.1% | +6.6% | +24.5% | |
| Q2 2024 | -9.2% | -18.2% | -17.4% | |
| Q1 2024 | -2.8% | -3.7% | -1.8% | |
| Q4 2023 | +2.2% | +0.5% | -8.9% | |
| Q3 2023 | -9.4% | -10.2% | +11.0% | |
| Q2 2023 | -2.8% | -1.9% | -1.5% | |
| Q1 2023 | -4.6% | -5.3% | -5.8% | |
| Q4 2022 | +2.2% | -0.3% | +6.9% | |
| Q3 2022 | +6.7% | +12.7% | +11.2% | |
| Q2 2022 | -8.5% | -8.2% | -3.2% | |
| Q1 2022 | +1.5% | -4.4% | -1.7% | |
| Q4 2021 | -0.6% | +3.4% | -1.9% | |
| Q3 2021 | -0.4% | -0.4% | +17.3% | |
| Q2 2021 | +1.4% | +2.9% | +11.8% | |
| Q1 2021 | +1.4% | +10.8% | +34.6% | |
| Q4 2020 | +0.1% | +6.5% | +13.2% | |
| Q3 2020 | +6.9% | +16.8% | +64.1% | |
| Q2 2020 | -9.9% | -3.5% | -3.4% | |
| Q1 2020 | +16.5% | +6.7% | +1.7% | |
| Q4 2019 | -5.4% | -3.6% | -6.3% | |
| Q3 2019 | +0.3% | +2.2% | +11.6% | |
| Q2 2019 | -1.6% | +3.0% | -6.8% | |
| Q1 2018 | +0.8% | -0.8% | +3.4% | |
| Q1 2019 | +7.2% | +17.3% | +24.2% | |
| Q4 2016 | +10.9% | +14.9% | +28.9% | |
| Q4 2018 | +5.6% | +5.3% | +18.9% | |
| Q3 2018 | -11.2% | -11.8% | -31.4% | |
| Q2 2018 | +0.3% | — | — | |
| Q4 2017 | +0.3% | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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