NYSE$AMTB

Amerant Bancorp Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Amerant reported record Q4 2021 results, marked by significant improvements in key performance metrics and strategic initiatives such as a new outsourcing agreement with FIS and a clean-up merger.

Amerant Bancorp Inc. reported a record fourth quarter with net income of $65.5 million, or $1.77 per diluted share, a substantial increase from both the previous quarter and the same quarter of the prior year. Key performance metrics improved, including core pre-provision net revenue, loan growth, non-performing loans ratio, and net interest margin.

  • Net income attributable to Amerant was $65.5 million, up 284.4% from Q3 2021 and 672.7% from Q4 2020.
  • Net interest margin increased to 3.17%, up 23 basis points from the previous quarter.
  • The company entered into a new outsourcing agreement with FIS, expected to yield approximately $12 million in annual savings.
  • Completed a clean-up merger, eliminating class B shares and reducing the number of shares outstanding.

Headline financials

Total Revenue

$70.9M

Previous: $60.2M+17.9%
EPS (adj)

$0.52

Previous: $0.27+92.6%
Net Interest Margin

3.2%

Previous: 2.6%+21.5%
Efficiency Ratio

41.4%

Previous: 85.8%-51.7%
Capital Expenditures

$2.09M

Previous: $1.73M+20.8%
Free Cash Flow

$25.2M

Previous: $5.21M+383.0%
Net Income

$65.5M

Previous: $8.5M+670.6%
Operating Income

$22.2M

Previous: $7.51M+195.8%
Cash & Equivalents

$274M

Previous: $214M+27.9%
Total Assets

$7.64B

Previous: $7.77B-1.7%
Stock-Based Comp

$1.23M

Previous: $641K+91.3%

Revenue & EPS history

Amerant · Revenue · Quarterly

$70.9M

Q4 2021+17.9%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Amerant is focused on continuing the execution of its strategy to achieve even stronger performance in 2022, including realizing estimated annual savings of approximately $12 million from the new outsourcing agreement with FIS.

Tailwinds

  • Continued execution of strategy to achieve stronger performance in 2022
  • Estimated annual savings of approximately $12 million from FIS outsourcing agreement
  • Focus on generating brand awareness through campaigns and partnerships
  • Strong capital position, well in excess of minimum regulatory requirements
  • Commitment to increasing total return to shareholders

Headwinds

  • No specific negative 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 Q4 2021

Historical avgQ4 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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