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Income Statement
Balance Sheet
Cash Flow Statement
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Common Size IS
Op Efficiency
Credit Analysis

Amerant Bancorp Inc. (AMTB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-KS-1/A
Interest income          
Loans  293.2216.1220.9263.0257.6223.8188.5 
Investment securities  41.431.539.047.249.247.949.5 
Interest earning deposits with banks  4.20.20.62.82.51.60.8 
    Total interest income  338.8247.8260.6313.0309.4273.3238.8208.2
   
Interest expense          
Interest bearing demand deposits  15.10.60.40.90.70.40.71.2
Savings and money market deposits  11.83.57.115.712.98.98.37.4
Time deposits  22.123.845.851.842.226.816.68.0
Advances from the Federal Home Loan Bank  15.18.613.224.326.518.211.0 
   
Senior notes          
Subordinated notes  1.2  7.28.17.57.1 
Junior subordinated debentures  1.2  7.28.17.57.1 
Securities sold under agreements to repurchase  0.00.00.0     
    Total interest expense  72.142.771.099.990.363.646.935.9
    Net interest income  266.7205.1189.6213.1219.0209.7191.9172.3
Provision for (reversal of) credit losses  13.9-16.588.6-3.20.4-3.522.1 
    Net interest income after provision for (reversal of) credit losses  252.7221.6100.9216.2218.7213.2169.8 
   
Noninterest income          
Deposits and service fees  18.617.215.817.117.819.620.921.1
Brokerage, advisory and fiduciary activities  17.718.616.914.916.820.620.3 
Gain (loss) on early extinguishment of advances from the Federal Home Loan Bank, net  10.7-2.5-0.1-0.90.9 0.7 
Loan level derivative income  10.44.03.2     
Change in cash surrender value of bank owned life insurance  5.45.55.75.75.85.54.4 
Cards and trade finance servicing fees  2.31.81.33.94.44.64.35.2
Derivative gains, net  0.5       
Gain on sale of headquarters building   62.4      
Securities (losses) gains, net  -3.73.727.0     
Other noninterest income  5.510.03.67.76.619.36.2 
    Total noninterest income  67.3120.673.557.153.971.562.354.8
   
Noninterest expense          
Salaries and employee benefits  123.5117.6111.5137.4141.8131.8129.7 
Occupancy and equipment  27.420.417.616.216.517.418.4 
Professional and other services fees  22.119.113.116.119.116.411.9 
Telecommunication and data processing  14.714.912.913.112.49.88.4 
Advertising expenses  11.63.41.6     
Loan level derivative expense  8.10.80.3     
Contract termination costs  7.1       
FDIC assessments and insurance  6.66.46.14.06.27.67.1 
Depreciation and amortization  5.97.39.47.18.59.09.1 
Other real estate owned valuation expense  3.4       
Loans held for sale valuation expense  0.2       
Other operating expenses  10.78.46.115.410.415.613.7 
    Total noninterest expenses  241.4198.2178.7209.3215.0207.6198.3192.3
    Income (loss) before income tax (expense) benefit  78.6144.0-4.364.0    
Income tax (expense) benefit  -16.6-33.72.6-12.7-11.7-34.0-10.2-8.5
    Net income (loss) before attribution of noncontrolling interest  62.0110.3-1.751.3    
Noncontrolling interest  1.32.6      
    Net income (loss) attributable to Amerant Bancorp Inc.  63.3112.9-1.751.345.843.123.6 
   
Other comprehensive (loss) income, net of tax          
Net unrealized holding (losses) gains on debt securities available for sale arising during the period  -97.2-13.039.9     
Net unrealized holding gains (losses) on cash flow hedges arising during the period  0.20.1-1.7     
Reclassification adjustment for items included in net income  1.1-3.6-19.8-2.60.6   
    Other comprehensive (loss) income  -95.9-16.418.431.4-12.04.6-1.2 
    Comprehensive (loss) income  -32.596.516.782.733.847.622.32.2
   
Earnings (Loss) Per Share (Note 23)          
Basic earnings (loss) per common share (in dollars per share)  $1.87$3.04($0.04)$1.21$1.08$1.01$0.55$0.35
Diluted earnings (loss) per common share (in dollars per share)  $1.85$3.01($0.04)$1.20$1.08$1.01$0.55$0.35

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