Amerant Bancorp Inc. (AMTB) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27423914586
Cash and cash equivalents27421412186
Short-term investments02424 
Total current assets:27423914586
Noncurrent Assets
Operating lease, right-of-use asset141  
Property, plant and equipment38110129124
Long-term investments and receivables626289114
Long-term investments626289114
Intangible assets, net (including goodwill)20202019
Goodwill20202019
Deferred income tax assets11125
Total noncurrent assets:272203243257
Other undisclosed assets7,0927,3297,5977,782
TOTAL ASSETS:7,6387,7717,9858,124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   440
Total current liabilities:   440
Noncurrent Liabilities
Long-term debt and lease obligation137   
Operating lease, liability137  
Total noncurrent liabilities:273   
Other undisclosed liabilities6,5336,9877,1516,937
Total liabilities:6,8076,9877,1517,377
Stockholders' equity
Stockholders' equity attributable to parent, including:832783835747
Treasury stock, value  (46)(18)
Additional paid in capital263306419385
Accumulated other comprehensive income (loss)153213(18)
Retained earnings553442444394
Other undisclosed stockholders' equity attributable to parent1454
Stockholders' equity attributable to noncontrolling interest3   
Total stockholders' equity:834783835747
Other undisclosed liabilities and equity(3)   
TOTAL LIABILITIES AND EQUITY:7,6387,7717,9858,124

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues220249268259
Net investment income216222266260
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (89) (0)
Gross profit:220160268259
Operating expenses(62)(53)(52)(57)
Other operating income, net
(Noninterest Income, Other Operating Income)
107137
Operating income:168113229209
Nonoperating income
(Bank Owned Life Insurance Income)
5666
Interest and debt expense(45)(71)(101)(89)
Other undisclosed loss from continuing operations before equity method investments, income taxes (52)(70)(68)
Income (loss) from continuing operations before equity method investments, income taxes:128(4)6458
Other undisclosed income from continuing operations before income taxes16   
Income (loss) from continuing operations before income taxes:144(4)6458
Income tax expense (benefit)(34)3(13)(12)
Net income (loss):110(2)5146
Net income attributable to noncontrolling interest3   
Net income (loss) available to common stockholders, diluted:113(2)5146

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):110(2)5146
Comprehensive income (loss):110(2)5146
Comprehensive income, net of tax, attributable to noncontrolling interest3   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(16)1831(12)
Comprehensive income, net of tax, attributable to parent:96178334

Statements sources

The financial statements are based on the company's filings with the 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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