Amerant Bancorp Inc. (AMTB) Financial Statements (2025 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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments280,372628,254298,557259,553413,655453,236
Cash and cash equivalents271,108619,074289,943251,091410,857453,236
Short-term investments9,2649,1808,6148,4622,798 
Financing receivable, excluding accrued interest, after allowance for credit loss6,957,4756,873,4937,073,3877,167,0167,049,746
Total current assets:280,3727,585,7297,172,0507,332,9407,580,6717,502,982
Noncurrent Assets
Operating lease, right-of-use asset100,580117,171118,484116,763116,161119,503
Property, plant and equipment33,38244,87743,60343,00443,71442,380
Long-term investments and receivables   62,25062,25062,25062,250
Long-term investments   62,25062,25062,25062,250
Intangible assets, net (including goodwill)19,19319,19319,19320,52520,52520,525
Goodwill19,19319,19319,19320,52520,52520,525
Deferred income tax assets48,77948,30255,63563,50156,77946,112
Total noncurrent assets:201,934229,543299,165306,043299,429290,770
Other undisclosed assets9,265,4322,002,5002,245,1121,706,7171,639,4261,701,550
TOTAL ASSETS:9,747,7389,817,7729,716,3279,345,7009,519,5269,495,302
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt105,861122,267123,167120,665119,921122,214
Operating lease, liability105,861122,267123,167120,665119,921122,214
Total noncurrent liabilities:105,861122,267123,167120,665119,921122,214
Other undisclosed liabilities8,907,5358,957,4208,857,0928,505,2488,678,6498,644,032
Total liabilities:9,013,3969,079,6878,980,2598,625,9138,798,5708,766,246
Equity
Equity, attributable to parent, including:734,342738,085736,068719,787720,956729,056
Common stock3,3573,3733,3613,3593,3743,383
Additional paid in capital189,601192,237192,701194,103195,275194,782
Accumulated other comprehensive loss(78,915)(75,884)(70,796)(105,634)(86,926)(74,319)
Retained earnings620,299618,359610,802630,933611,829607,544
Other undisclosed equity, attributable to parent    (2,974)(2,596)(2,334)
Equity, attributable to noncontrolling interest    2,9742,5962,334
Total equity:734,342738,085736,068722,761723,552731,390
Other undisclosed liabilities and equity    (2,974)(2,596)(2,334)
TOTAL LIABILITIES AND EQUITY:9,747,7389,817,7729,716,3279,345,7009,519,5269,495,302

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues129,342128,480131,142125,461124,027102,100
Gain (loss) on disposition of assets for financial service operations(117)(54)33(54)(1,237)(9,731)
Net investment income129,459128,534131,109125,515125,264111,831
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(19,150)(12,400)(12,500)(8,000)(29,077)(11,700)
Gross profit:110,192116,080118,642117,46194,95090,400
Operating expenses(29,778)(25,527)(29,703)(20,693)(25,786)(21,368)
Other operating income, net
(Noninterest Income, Other Operating Income)
3,6432,0111,6732,2062,5072,734
Operating income:84,05792,56490,61298,97471,67171,766
Nonoperating income
(Bank Owned Life Insurance Income)
2,2422,3428491,4831,4291,412
Interest and debt expense 189(66,657)(57,431)(53,796)(41,180)(29,624)
Income from continuing operations before equity method investments, income taxes:86,48828,24934,03046,66131,92043,554
Other undisclosed loss from continuing operations before income taxes(80,165)(14,787)(54,942)(18,583)(23,001)(18,311)
Income (loss) from continuing operations before income taxes:6,32313,462(20,912)28,0788,91925,243
Income tax expense (benefit)(1,360)(2,894)2,972(6,337)(1,873)(5,301)
Net income (loss):4,96310,568(17,940)21,7417,04619,942
Net income attributable to noncontrolling interest   817378262244
Net income (loss) available to common stockholders, diluted:4,96310,568(17,123)22,1197,30820,186

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):4,96310,568(17,940)21,7417,04619,942
Comprehensive income (loss):4,96310,568(17,940)21,7417,04619,942
Comprehensive income, net of tax, attributable to noncontrolling interest   817378262244
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,031)(5,088)34,838(18,708)(12,607)6,316
Comprehensive income (loss), net of tax, attributable to parent:1,9325,48017,7153,411(5,299)26,502

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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