Published on 24 Apr 2024 on GuruFocus.com via Yahoo Finance
Amerant Bancorp Inc. (AMTB) Q1 2024 Earnings Analysis: Misses EPS Estimates, Reports Net Income ...
Net Income: Reported at $10.6 million for Q1 2024, below the estimated $12.07 million.Earnings Per Share (EPS): Achieved $0.31 per diluted share, falling short of the estimated $0.36.Revenue: Details on total revenue not provided, comparison to the estimated $91.37 million cannot be made.Dividend: Declared a quarterly cash dividend of $0.09 per common share.Asset Growth: Total assets increased to $9.8 billion, up by $101.4 million from the previous quarter.Loan Portfolio: Total gross loans decreased to $7.01 billion, down by $258.5 million due to the sale of Houston-based multifamily loans.Operational Efficiency: Efficiency ratio improved significantly to 72.0% in Q1 2024 from 108.3% in Q4 2023.
Warning! GuruFocus has detected 4 Warning Sign with AMTB.
