NYSE$AMTB
Amerant Bancorp Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported net income of $17.0 million and diluted earnings per share of $0.45, showing continued improvement in key performance metrics.
Amerant Bancorp Inc. reported a net income attributable to the company of $17.0 million for Q3 2021, which translates to $0.45 per diluted share. This represents an increase from the $1.7 million, or $0.04 per diluted share, reported in Q3 2020.
- Net income was $17.0 million in the third quarter of 2021, up 6.7% from $16.0 million in the second quarter of 2021, and up 900.7% from $1.7 million in the third quarter of 2020.
- Net Interest Income (“NII”) was $51.8 million, up 3.7% from $50.0 million in the second quarter of 2021, and up 14.3% from $45.3 million in the third quarter of 2020.
- The efficiency ratio was 74.2% in the third quarter of 2021, compared to 77.8% in the second quarter of 2021, and 69.3% for the third quarter of 2020.
- Total loans were $5.5 billion at the close of the third quarter of 2021, down $129.6 million, or 2.3%, compared to the close of the second quarter of 2021. Total deposits were $5.6 billion at the close of the third quarter of 2021, slightly down $48.5 million, or 0.9%, compared to the close of the second quarter of 2021.
Headline financials
Revenue & EPS history
Amerant · Revenue · Quarterly
$65.3M
Forward guidance
Amerant is focused on operating efficiency and exploring potential expansion opportunities within its core footprint.
Tailwinds
- Signed agreements with Alloy and ClickSWITCH® to enhance customer onboarding and simplify direct deposit switching.
- Signed a 10-year lease for a new operations center in Miramar, Florida, to be relocated by the end of 2022.
- Closed a banking center in Wellington, FL in October 2021.
- Submitted an application to the OCC to open a new branch in downtown Miami.
- The Company’s capital continues to be strong and well in excess of the minimum regulatory requirements to be considered “well-capitalized” at September 30, 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 Q3 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
| 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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