NYSE$AMTB

Amerant Bancorp Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported net income of $16.0 million for the second quarter of 2021.

Amerant Bancorp Inc. reported a net income attributable to the company of $16.0 million, or $0.42 per diluted share, for the second quarter of 2021. This is an increase compared to the first quarter of 2021, and a significant improvement compared to the net loss reported in the second quarter of 2020. The results reflect key actions taken to improve ongoing profitability.

  • Net income was $16.0 million, up 10.4% from the previous quarter.
  • Net Interest Income (NII) was $50.0 million, up 5.1% from the previous quarter.
  • A release of $5.0 million from the allowance for loan losses was recorded.
  • Noninterest income was $15.7 million, up 11.1% from the previous quarter.

Headline financials

Total Revenue

$65.7M

Previous: $66.1M-0.6%
EPS (adj)

$0.46

Previous: -$0.34+235.3%
Net Interest Margin

2.8%

Previous: 2.4%+15.2%
Efficiency Ratio

77.8%

Previous: 55.6%+39.9%
Return on Assets

0.8%

No prior period
Return on Equity

8.1%

No prior period
Capital Expenditures

-$2.27M

Previous: -$3.33M+31.9%
Free Cash Flow

$13.7M

Previous: -$18.6M+173.6%
Net Income

$16M

Previous: -$15.3M+204.5%
Operating Income

$40.6M

Previous: -$11M+469.9%
Gross Profit

$60.7M

Previous: $17.5M+247.8%
Cash & Equivalents

$172M

Previous: $217M-21.1%
Total Assets

$7.53B

Previous: $8.13B-7.4%
Stock-Based Comp

$1.63M

Previous: $750K+116.8%

Revenue & EPS history

Amerant · Revenue · Quarterly

$65.7M

Q2 2021-0.6%vs Q2 2020
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

The partnerships with fintech firms and the new marketing agency are expected to drive greater brand recognition and profitable growth, leading to further improvement in operating results in the coming quarters.

Tailwinds

  • Improved business lending and deposit account opening processes.
  • Further improved banking relationships.
  • Empowered customers to fully understand their financial position, plans and outlook.
  • Driving brand awareness.
  • Business development.

Headwinds

  • Potential risks associated with economic conditions.
  • Uncertainties related to market fluctuations.
  • Impact of regulatory changes.
  • Competition in the financial services industry.
  • Credit risk associated with lending activities.

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 2021

Historical avgQ2 2021

-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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