Amerant Bancorp Inc. (AMTB) Financial Statements (2024 and earlier)

Company Profile

Business Address 220 ALHAMBRA CIRCLE
CORAL GABLES, FL 33134
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments259,824274,460238,728145,17285,710
Cash and cash equivalents248,441274,208214,386121,32485,710
Short-term investments11,38325224,34223,848 
Financing receivable, excluding accrued interest, after allowance for credit loss6,857,194 
Total current assets:7,117,018274,460238,728145,17285,710
Noncurrent Assets
Operating lease, right-of-use asset139,987141,139  
Property, plant and equipment41,77237,860109,990128,824123,503
Long-term investments and receivables62,25062,25062,25089,080114,080
Long-term investments62,25062,25062,25089,080114,080
Intangible assets, net (including goodwill)19,50619,50619,50619,50619,193
Goodwill19,50619,50619,50619,50619,193
Deferred income tax assets48,70311,30111,6915,480
Total noncurrent assets:312,218272,056203,437242,890256,776
Other undisclosed assets1,698,5687,091,8837,328,7287,597,3377,781,861
TOTAL ASSETS:9,127,8047,638,3997,770,8937,985,3998,124,347
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     440,000
Total current liabilities:     440,000
Noncurrent Liabilities
Long-term debt and lease obligation:  136,595   
Liabilities, other than long-term debt140,147    
Operating lease, liability140,147136,595  
Total noncurrent liabilities:140,147273,190   
Other undisclosed liabilities8,281,9316,533,3366,987,4727,150,6986,936,929
Total liabilities:8,422,0786,806,5266,987,4727,150,6987,376,929
Equity
Equity, attributable to parent, including:705,726831,873783,421834,701747,418
Common stock3,382    
Treasury stock, value    (46,373)(17,908)
Additional paid in capital194,694262,510305,569419,048385,367
Accumulated other comprehensive income (loss)(80,635)15,21731,66413,234(18,164)
Retained earnings590,375553,167442,402444,124393,662
Other undisclosed equity, attributable to parent(2,090)9793,7864,6684,461
Equity, attributable to noncontrolling interest2,0902,610   
Total equity:707,816834,483783,421834,701747,418
Other undisclosed liabilities and equity(2,090)(2,610)   
TOTAL LIABILITIES AND EQUITY:9,127,8047,638,3997,770,8937,985,3998,124,347

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues293,674220,084248,521268,369259,152
Net investment income297,363216,344221,531265,764260,151
Cost of revenue(13,945) (88,620) (375)
Provision for loan, lease, and other losses(13,945) (88,620) (375)
Gross profit:279,729220,084159,901268,369258,777
Operating expenses(81,773)(62,493)(53,399)(52,474)(56,592)
Other operating income, net
(Noninterest Income, Other Operating Income)
5,4919,9716,72512,7986,625
Operating income:203,447167,562113,227228,693208,810
Nonoperating income
(Bank Owned Life Insurance Income)
5,4065,4595,6955,7105,824
Interest and debt expense(61,433)(45,191)(71,075)(100,772)(89,437)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (52,181)(69,600)(67,631)
Income (loss) from continuing operations before equity method investments, income taxes:147,420127,830(4,334)64,03157,566
Other undisclosed income (loss) from continuing operations before income taxes(68,836)16,190   
Income (loss) from continuing operations before income taxes:78,584144,020(4,334)64,03157,566
Income tax expense (benefit)(16,621)(33,709)2,612(12,697)(11,733)
Income (loss) from continuing operations:61,963110,311(1,722)51,33445,833
Income (loss) before gain (loss) on sale of properties:110,311(1,722)51,33445,833
Net income (loss):61,963110,311(1,722)51,33445,833
Net income attributable to noncontrolling interest1,3472,610   
Net income (loss) available to common stockholders, diluted:63,310112,921(1,722)51,33445,833

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):61,963110,311(1,722)51,33445,833
Comprehensive income (loss):61,963110,311(1,722)51,33445,833
Comprehensive income, net of tax, attributable to noncontrolling interest1,3472,610   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(95,852)(16,447)18,43031,398(12,031)
Comprehensive income (loss), net of tax, attributable to parent:(32,542)96,47416,70882,73233,802

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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