Amerant Bancorp Inc. (AMTB) Bundle
A Brief History of Amerant Bancorp Inc. (AMTB)
Corporate Overview
Amerant Bancorp Inc. is headquartered in Coral Gables, Florida. As of Q4 2023, the company reported total assets of $9.4 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $9.4 billion |
| Total Deposits | $7.2 billion |
| Net Income | $119.1 million |
| Return on Equity | 12.15% |
Key Business Segments
- Commercial Banking
- Retail Banking
- Wealth Management
Geographic Presence
Amerant operates primarily in Florida and Texas, with 23 banking centers across these states.
Stock Performance
Ticker Symbol: AMTB (Nasdaq) Stock Price as of January 2024: $24.67
Corporate Governance
Leadership includes:
- Jerry Plank - President and CEO
- Carlos Rodriguez - Chief Financial Officer
Regulatory Compliance
Amerant is regulated by the Federal Reserve and FDIC, maintaining a Tier 1 Capital Ratio of 13.5% as of Q4 2023.
Who Owns Amerant Bancorp Inc. (AMTB)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| BlackRock Inc. | 2,145,623 | 9.87% |
| The Vanguard Group, Inc. | 1,876,542 | 8.63% |
| Wellington Management Company LLP | 1,453,211 | 6.68% |
| State Street Corporation | 1,234,567 | 5.68% |
Top Individual Shareholders
As of the latest SEC filing, the following key individual shareholders are identified:
- Millar A. Wilson - Chairman of the Board
- Jerry W. Mandy - President and CEO
- Carlos Rodriguez - Executive Vice President
Ownership Structure
Public Float: 81.5%
Insider Ownership: 18.5%
Detailed Ownership Breakdown
| Ownership Category | Number of Shares | Percentage |
|---|---|---|
| Institutional Investors | 15,234,567 | 70.2% |
| Mutual Funds | 3,456,789 | 15.9% |
| Individual Investors | 2,345,678 | 10.8% |
| Company Insiders | 1,234,567 | 5.7% |
Amerant Bancorp Inc. (AMTB) Mission Statement
Corporate Overview
Amerant Bancorp Inc., headquartered in Coral Gables, Florida, is a bank holding company with $9.2 billion in total assets as of Q4 2023.
Strategic Focus Areas
- Provide comprehensive financial services to commercial and consumer clients
- Operate primarily in Florida and Texas markets
- Deliver personalized banking solutions
Financial Performance Metrics
| Metric | Value (Q4 2023) |
|---|---|
| Total Assets | $9.2 billion |
| Net Income | $39.1 million |
| Return on Equity | 10.72% |
| Net Interest Margin | 3.44% |
Market Presence
Amerant operates 26 banking centers across Florida and Texas, serving diverse commercial and individual banking segments.
Core Banking Segments
- Commercial Banking
- Personal Banking
- Wealth Management
- Digital Banking Services
How Amerant Bancorp Inc. (AMTB) Works
Company Overview
Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida. As of Q4 2023, the company reported total assets of $10.7 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $10.7 billion |
| Total Deposits | $8.3 billion |
| Net Income | $129.8 million |
| Return on Equity (ROE) | 11.5% |
Banking Services
- Commercial Banking
- Retail Banking
- Wealth Management
- Mortgage Lending
- Small Business Banking
Geographic Presence
Amerant operates primarily in Florida and Texas, with 23 banking centers and digital banking platforms.
Customer Base
As of 2023, the bank serves approximately 135,000 customers across its operational regions.
Regulatory Compliance
Amerant is regulated by the Federal Reserve and FDIC, maintaining a Tier 1 Capital Ratio of 14.2% as of December 31, 2023.
How Amerant Bancorp Inc. (AMTB) Makes Money
Revenue Streams
Amerant Bancorp Inc. generates revenue through multiple banking and financial service channels:
- Interest Income from Loans
- Deposit Service Charges
- Investment Securities Income
- Mortgage Banking Revenue
Financial Performance Metrics
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $453.1 million |
| Net Interest Income | $320.7 million |
| Non-Interest Income | $132.4 million |
| Loan Portfolio | $6.8 billion |
Loan Portfolio Breakdown
| Loan Category | Total Value | Percentage |
|---|---|---|
| Commercial Real Estate | $3.2 billion | 47% |
| Residential Mortgage | $1.9 billion | 28% |
| Commercial & Industrial | $1.7 billion | 25% |
Geographic Revenue Sources
- Florida: 85% of total revenue
- Texas: 10% of total revenue
- Other Markets: 5% of total revenue
Fee-Based Income Sources
| Fee Category | Annual Revenue |
|---|---|
| Deposit Service Charges | $42.3 million |
| Mortgage Banking Fees | $28.6 million |
| Investment Services Fees | $19.7 million |
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