Compared to Estimates, Amerant Bancorp Inc. (AMTB) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Amerant Bancorp Inc. (AMTB) reported revenue of $100.5 million, up 17.1% over the same period last year. EPS came in at $0.64, compared to $0.63 in the year-ago quarter.
The reported revenue represents a surprise of +3.22% over the Zacks Consensus Estimate of $97.36 million. With the consensus EPS estimate being $0.61, the EPS surprise was +4.92%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amerant Bancorp Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin: 3.6% versus the three-analyst average estimate of 3.6%.
Efficiency Ratio: 64.1% compared to the 62% average estimate based on three analysts.
Average Interest Earning Assets: $8.74 billion versus the two-analyst average estimate of $8.96 billion.
Total Non-Performing Loans: $33.20 million versus the two-analyst average estimate of $48.12 million.
Net charge-offs / Avg. loans: 0.8% versus the two-analyst average estimate of 0.5%.
Total Non-Performing Assets: $53.38 million versus the two-analyst average estimate of $67.14 million.
Noninterest income: $21.92 million versus $15.48 million estimated by three analysts on average.
Net interest income: $78.58 million compared to the $81.90 million average estimate based on three analysts.
View all Key Company Metrics for Amerant Bancorp Inc. here>>>
Shares of Amerant Bancorp Inc. have returned +4.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Amerant Bancorp Inc. (AMTB) : Free Stock Analysis Report
