NYSE$AMTB
Amerant Bancorp Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Amerant's financial performance declined in Q2 2020 due to higher provision for loan losses and lower net interest income, but operating income increased.
Amerant Bancorp Inc. reported a net loss of $15.3 million for the second quarter of 2020, compared to a net income of $12.9 million in the same period of 2019. However, operating income increased to $21.6 million, up 53.8% from $14.0 million in the second quarter of 2019.
- Net loss of $15.3 million, compared to net income of $12.9 million in the same period of 2019.
- Operating income increased to $21.6 million, up 53.8% from the same period of 2019.
- Net interest income was $46.3 million, down 13.9% from the same period of 2019.
- Noninterest income was $19.8 million, up 39.6% from the same period of 2019.
Headline financials
Revenue & EPS history
Amerant · Revenue · Quarterly
$66.1M
Forward guidance
The current COVID-19 interest rate environment and the potential runoff of Amerant’s low-cost foreign deposits will continue to pressure NII and NIM, the Company is taking decisive action to manage these headwinds.
Tailwinds
- Amerant continued to actively implement and manage floor rates in the loan portfolio
- Aggressively reprice deposits
- Leverage low-cost wholesale funding opportunities
- Maximize high-yield investments
- Seek to reduce asset sensitivity
Headwinds
- The current COVID-19 interest rate environment will continue to pressure NII and NIM
- The potential runoff of Amerant’s low-cost foreign deposits will continue to pressure NII and NIM
- Difficult to estimate the extent of the impact of the COVID-19 pandemic on Amerant’s credit quality
- While the Company continues to offer customized loan payment relief options, including interest-only payments and forbearance options, which are not considered TDRs, it will continue to assess its ability to offer such programs over time.
- There is an increasing trend in COVID-19 cases in our markets, particularly in Florida and Texas
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 Q2 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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