NYSE$AMTB

Amerant Bancorp Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Amerant reported net income of $20.2 million for Q1 2023.

Amerant Bancorp Inc. reported a net income attributable to the company of $20.2 million, or $0.60 per diluted share, in the first quarter of 2023. Total assets increased to $9.5 billion, and total gross loans increased to $7.12 billion. Total deposits were $7.29 billion.

  • Total assets increased $367.5 million, or 4.03%, to $9.5 billion compared to $9.1 billion as of 4Q22.
  • Total gross loans increased $195.4 million, or 2.8%, to $7.12 billion compared to $6.92 billion in 4Q22.
  • Total deposits were $7.29 billion, up $242.5 million, or 3.44%, compared to $7.04 billion in 4Q22.
  • Average yield on loans increased to 6.38% in 1Q23, compared to 5.85% in 4Q22.

Headline financials

Total Revenue

$102M

Previous: $69.7M+45.9%
EPS (adj)

$0.59

Previous: $0.63-6.3%
Net Interest Margin

3.9%

Previous: 3.2%+22.6%
Efficiency Ratio

63.7%

Previous: 87.3%-27.1%
Capital Expenditures

-$3.74M

Previous: -$1.92M-95.0%
Free Cash Flow

$16.4M

Previous: $14M+17.2%
Net Income

$20.2M

Previous: $16M+26.6%
Operating Income

$28M

Previous: $30.1M-7.0%
Gross Profit

$90M

Previous: $59.7M+50.8%
Cash & Equivalents

$453M

Previous: $276M+64.1%
Total Assets

$9.5B

Previous: $7.81B+21.6%
Stock-Based Comp

$1.83M

Previous: $1.26M+44.8%

Revenue & EPS history

Amerant · Revenue · Quarterly

$102M

Q1 2023+45.9%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The Company will hold an earnings conference call on Friday, April 21, 2023, at 9:00 a.m. (Eastern Time) to discuss its first quarter 2023 results.

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 2023

Historical avgQ1 2023

-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

Earnings price reactions
QuarterReport dateReaction (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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