NYSE$AMTB

Amerant Bancorp Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported net income of $7.7 million and core PPNR of $19.4 million, highlighted by asset and deposit growth, net interest margin expansion, and a significant reduction in non-performing loans.

Amerant Bancorp Inc. reported a net income attributable to the Company of $7.7 million in the second quarter of 2022. Core Pre-Provision Net Revenue (Core PPNR) grew to $19.4 million. Total assets increased to $8.2 billion and total deposits were $6.20 billion.

  • Net Interest Margin (NIM) increased to 3.28% in 2Q22 compared to 3.18% in 1Q22.
  • Total assets increased to $8.2 billion compared to $7.8 billion as of 1Q22.
  • Total deposits as of 2Q22 were $6.20 billion, up $511.2 million compared to 1Q22.
  • Reduced non-performing loans (NPL) to $25.2 million as of 2Q22 compared to $47.0 million as of 1Q22.

Headline financials

Total Revenue

$71.9M

Previous: $65.7M+9.4%
EPS (adj)

$0.45

Previous: $0.46-2.2%
Net Interest Margin

3.3%

Previous: 2.8%+16.7%
Efficiency Ratio

86.6%

Previous: 77.8%+11.3%
Return on Assets

0.4%

Previous: 0.8%-53.0%
Return on Equity

4.1%

Previous: 8.1%-49.0%
Capital Expenditures

-$4.49M

Previous: -$2.27M-98.1%
Free Cash Flow

$3.18M

Previous: $13.7M-76.8%
Net Income

$7.67M

Previous: $16M-51.9%
Operating Income

$41.1M

Previous: $40.6M+1.2%
Gross Profit

$71.9M

Previous: $60.7M+18.4%
Cash & Equivalents

$354M

Previous: $172M+106.4%
Total Assets

$8.15B

Previous: $7.53B+8.2%
Stock-Based Comp

$1.28M

Previous: $1.63M-21.5%

Revenue & EPS history

Amerant · Revenue · Quarterly

$71.9M

Q2 2022+9.4%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the text.

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 2022

Historical avgQ2 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

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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