NYSE$AMTB

Amerant Bancorp Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported strong growth in assets, deposits, and revenue, driven by team performance and upward momentum throughout the year.

Amerant Bancorp Inc. reported a net income attributable to the Company of $18.8 million, or $0.55 per diluted share, for Q4 2022. The results reflect a provision for credit losses of $20.9 million, including the retroactive effect of the CECL accounting standard. Total assets reached $9.1 billion, and total gross loans amounted to $6.92 billion.

  • Net income attributable to the Company was $18.8 million in Q4 2022, or $0.55 per diluted share.
  • Total assets increased to $9.1 billion, up 4.44% compared to 3Q22 and 19.5% compared to 4Q21.
  • Total gross loans grew to $6.92 billion, a 6.40% increase compared to 3Q22 and a 24.3% increase compared to 4Q21.
  • Total deposits rose to $7.04 billion, up 6.92% compared to 3Q22 and 25.1% compared to 4Q21.

Headline financials

Total Revenue

$97.5M

Previous: $70.9M+37.4%
EPS (adj)

$0.40

Previous: $0.52-23.1%
Net Interest Margin

4.0%

Previous: 3.2%+24.9%
Efficiency Ratio

58.4%

Previous: 41.4%+41.1%
Loan to Deposit Ratio

98.2%

No prior period
Total Capital Ratio

12.4%

No prior period
Tier 1 Capital Ratio

10.9%

No prior period
Tier 1 Leverage Ratio

9.2%

No prior period
Common Equity Tier 1 Capital Ratio

10.1%

No prior period
Tangible Common Equity Ratio

7.5%

No prior period
Average Yield on Loans

5.8%

No prior period
Capital Expenditures

$2.6M

Previous: $2.09M+24.5%
Free Cash Flow

-$19.6M

Previous: $25.2M-177.9%
Net Income

$18.8M

Previous: $65.5M-71.3%
Cash & Equivalents

$291M

Previous: $274M+6.0%
Total Assets

$9.13B

Previous: $7.64B+19.5%
Stock-Based Comp

$1.6M

Previous: $1.23M+30.6%

Revenue & EPS history

Amerant · Revenue · Quarterly

$97.5M

Q4 2022+37.4%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the document.

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 2022

Historical avgQ4 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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