NYSE$AMTB
Amerant Bancorp Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Amerant reported a net income of $16.0 million for Q1 2022, with diluted earnings per share of $0.45.
Amerant Bancorp Inc. reported a net income attributable to the Company of $16.0 million in the first quarter of 2022, or $0.45 per diluted share. Total gross loans were $5.72 billion, up $153.6 million compared to 4Q21. Total deposits as of 1Q22 were $5.69 billion, up $60.8 million compared to 4Q21.
- Net income attributable to Amerant was $16.0 million in the first quarter of 2022, up 10.3% from the first quarter of 2021.
- Total gross loans were $5.72 billion, up $153.6 million, or 2.8%, compared to the close of the fourth quarter of 2021.
- Total deposits were $5.69 billion, up by $60.8 million, or 1.08%, compared to the close of the fourth quarter of 2021.
- The Company released $10.0 million from the allowance for loan losses during the first quarter of 2022.
Headline financials
Revenue & EPS history
Amerant · Revenue · Quarterly
$69.7M
Forward guidance
The earnings report does not contain specific forward guidance. However, the CEO expressed optimism about achieving their goal of becoming a top quartile performing community bank.
Tailwinds
- Solid loan and deposit growth in the quarter.
- Increasing momentum toward achieving goal of becoming a top quartile performing community bank.
- Significant progress in the transformation of Amerant.
- Actions taken to generate greater value for shareholders in coming quarters.
- Initiated the reorganization of lines of business to focus on commercial banking and consumer banking separately to drive performance in the geographies we serve.
Headwinds
- First quarter results reflect a number of non-recurring items.
- Noninterest income was down 81.9% from 4Q21, as the fourth quarter of 2021 included a $62.4 million gain on the sale of the Company’s headquarters building.
- Noninterest expense was up 10.4% from 4Q21, as the first quarter of 2022 included $6.6 million in non-recurring noninterest expense charges.
- AUM totaled $2.13 billion, down $91.7 million, or 4.1%, from 4Q21, reflective of market decline in value.
- Stockholders’ book value per common share attributable to the Company was $21.82 at March 31, 2022, compared to $23.18 at December 31, 2021
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 2022
-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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