Amerant Bancorp Inc. (AMTB)

Amerant Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	503.66	475.41	293.21	216.1	220.9	263.01
Interest Income on Investments	84.58	73.17	45.57	31.75	39.66	49.96
Total Interest Income	588.24	548.58	338.78	247.84	260.55	312.97
Interest Paid on Deposits	231.19	183.74	49.05	27.89	53.33	68.37
Interest Paid on Borrowings	37.05	38.38	23.06	14.81	17.67	31.51
Total Interest Expense	268.24	222.12	72.11	42.7	71	99.89
Net Interest Income	320	326.46	266.67	205.14	189.55	213.09
Net Interest Income Growth (YoY)	-2.13%	22.42%	29.99%	8.22%	-11.05%	-2.72%
Gain (Loss) on Sale of Assets	-	-	-	62.39	-1.73	2.8
Gain (Loss) on Sale of Investments	-68.62	-10.99	-3.69	3.74	26.99	2.61
Other Non-Interest Income	48.73	39.03	41.7	39.77	32.44	35.53
Total Non-Interest Income	-0.81	47.41	56.6	123.11	73.54	58
Non-Interest Income Growth (YoY)	-	-16.23%	-54.03%	67.40%	26.81%	9.44%
Revenues Before Loan Losses	319.19	373.88	323.26	328.25	263.1	271.08
Provision for Loan Losses	63.05	61.28	13.95	-16.5	88.62	-3.15
Revenue	256.14	312.6	309.32	344.75	174.48	274.23
Revenue Growth (YoY)	-16.99%	1.06%	-10.28%	97.59%	-36.38%	0.95%
Salaries and Employee Benefits	128.47	122.2	114.39	108.58	102.66	129.18
Occupancy Expenses	23.75	15.48	15.01	16.89	19.31	17.79
Federal Deposit Insurance	11.18	10.6	6.6	6.42	6.14	4.04
Selling, General & Administrative	94.08	85.95	70.62	51.85	33.34	41.39
Other Non-Interest Expense	49.97	67.61	26.12	9.17	6.46	11.82
Total Non-Interest Expense	312.27	303.93	236.15	192.93	167.92	204.22
EBT Excluding Unusual Items	-56.13	8.67	73.17	151.82	6.56	70.02
Other Unusual Items	8.2	40.08	10.68	-2.49	-0.07	-0.89
Pretax Income	-49.29	41.33	78.58	144.02	-4.33	64.03
Income Tax Expense	1.28	10.54	16.62	33.71	-2.61	12.7
Earnings From Continuing Operations	-50.57	30.79	61.96	110.31	-1.72	51.33
Minority Interest in Earnings	0.82	1.7	1.35	2.61	-	-
Net Income	-49.76	32.49	63.31	112.92	-1.72	51.33
Net Income to Common	-49.76	32.49	63.31	112.92	-1.72	51.33
Net Income Growth	-	-48.68%	-43.93%	-	-	12.00%
Basic Shares Outstanding	34	34	34	37	42	43
Diluted Shares Outstanding	34	34	34	38	42	43
Shares Change (YoY)	-0.55%	-1.37%	-9.02%	-10.09%	-2.80%	1.06%
EPS (Basic)	-1.48	0.97	1.87	3.04	-0.04	1.21
EPS (Diluted)	-1.49	0.96	1.85	3.01	-0.04	1.20
EPS Growth	-	-48.11%	-38.54%	-	-	11.24%
Dividend Per Share	0.360	0.360	0.360	0.060	-	-
Dividend Growth	0%	0%	500.00%	-	-	-
Effective Tax Rate	-	25.50%	21.15%	23.41%	-	19.83%

Source: S&P Capital IQ. Banks template. Financial Sources.