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Amerant Bancorp Inc. (AMTB)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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19.07+0.03 (+0.16%)
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Neutralpattern detected
Previous Close19.04
Open19.00
Bid18.99 x 900
Ask19.11 x 900
Day's Range18.84 - 19.20
52 Week Range9.01 - 19.82
Volume56,619
Avg. Volume59,711
Market Cap697.766M
Beta (5Y Monthly)1.42
PE Ratio (TTM)N/A
EPS (TTM)-0.04
Earnings DateApr 29, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est18.75
  • Amerant Bank Expands Its Use of nCino to Include Retail Lending and nIQ Portfolio Analytics
    GlobeNewswire

    Amerant Bank Expands Its Use of nCino to Include Retail Lending and nIQ Portfolio Analytics

    WILMINGTON, N.C., April 15, 2021 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Amerant Bank has expanded its use of nCino beyond Commercial Banking and added nCino’s Retail Banking Solution and Portfolio Analytics, part of the nCino IQ (nIQ®) application suite. Having all commercial and retail loan origination elements on a single platform, powered by nIQ’s artificial intelligence (AI) and advanced analytics capabilities, will help the bank deliver a more satisfying work experience for its employees, faster processing times for its clients and more detailed, comprehensive reporting across the institution. For Amerant, one of the largest community banks headquartered in Florida with assets of nearly $8 billion, a key component to its digital transformation strategy was selecting an end-to-end, flexible platform that could scale as the business required. The bank identified the nCino Bank Operating System® as the technological foundation it was seeking and initially implemented nCino’s Commercial Banking Solution to help it streamline workflows, reduce manual steps and deliver commercial loans more quickly without compromising credit quality. The bank is now adding nCino’s Retail Banking Solution and nIQ Portfolio Analytics to the platform’s functionality to improve its consumer banking client experience and better manage risk through portfolio metrics and trends. With COVID-19 demanding changes to the way financial institutions operate, Amerant recognized that its success was largely dependent on integrating the right systems and tools to be a more digitally driven institution. By adopting nCino’s retail lending and analytics capabilities, the bank will be more empowered to give its clients what they need while still upholding its commitment to personal service and attention. “Adopting and committing to a digital transformation strategy to keep up with modern technology is key to attracting and retaining clients,” said Roberto Isasi, Chief Digital Officer at Amerant Bank. “We searched for a single platform that would help us streamline operations and create greater connections across lines of business, and we found that in the nCino Bank Operating System.” “We consider nCino a long-term partner to support our ongoing evolution to leverage technology to service clients, remain competitive in the current business landscape, and create the best possible work experiences for our Amerant team members,” said Miguel Palacios, Chief Business Officer at Amerant Bank. nCino’s Retail Banking Solution will enable Amerant to offer client-focused onboarding, document management, account opening and retail lending with a coherent flow of information from all parties across all channels and devices. Portfolio Analytics, nCino’s warehousing, analytics and reporting suite, will help the bank establish baseline performance metrics across lines of business for applications, deposits and loans; set goals to achieve the growth and compliance desired; and better assess risks from a single source of truth. By utilizing the extensive capabilities of one platform across multiple areas of the bank, Amerant is getting data into the hands of decision-makers, building in efficiencies, eliminating duplicative work and streamlining communications for its clients and employees. “Today, more than ever before, finding ways to digitally engage with clients and support employees’ work is of paramount importance,” said Will Cameron, SVP, Community & Regional Financial Institutions. “By harnessing the power of the nCino platform, Amerant is laying the groundwork for a scalable and sustainable technological foundation that will help them deliver the best products and services to their clients. We’re honored they’ve entrusted us to accompany them along their digital transformation journey.” About nCinonCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino's single digital platform enhances the employee and client experience to enable financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino works with more than 1,200 financial institutions globally, whose assets range in size from $30 million to more than $2 trillion. For more information, visit: www.ncino.com. About AmerantAmerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit, and wealth management services. The Bank, which has operated for over 40 years, is the second largest community bank headquartered in Florida. The Bank operates 25 banking centers – 18 in South Florida and 7 in the Houston, Texas area, as well as a commercial real estate loan production office in New York City. For more information, please visit www.amerantbank.com or https://investor.amerantbank.com. MEDIA CONTACTSClaire Sandstrom, MWWPR+1 646.520.0710csandstrom@mww.com Ryan Kelly+1 732.770.5942ryan.kelly@ncino.com This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

  • Amerant Bancorp Inc. to Announce First Quarter 2021 Financial Results and Host Conference Call April 29, 2021
    GlobeNewswire

    Amerant Bancorp Inc. to Announce First Quarter 2021 Financial Results and Host Conference Call April 29, 2021

    CORAL GABLES, Fla., April 07, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report first quarter 2021 earnings results before the market opens on Thursday, April 29. Jerry Plush, Chief Executive Officer, and Carlos Iafigliola, Chief Financial Officer, will host a conference call that morning at 9:00 AM ET to discuss the Company’s financial and operating results for the quarter. The conference call will be webcast live online and may be accessed through the investor relations section of the Amerant Bancorp Inc.’s website, www.amerantbank.com. The live conference call may also be accessed by dialing 866-987-6807 or 630-652-5946 (international). The conference ID number is 3657331. A replay of the webcast will be available on the company’s website for approximately one month. Conference Call Details Domestic Dial-in for Live Call: 1-866-987-6807International Dial-in for Live Call: 1-630-652-5946Conference ID: 3657331Webcast: https://investor.amerantbank.com About Amerant Bancorp Inc. Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services. The Bank, which has operated for over 40 years, is the second largest community bank headquartered in Florida. The Bank operates 25 banking centers – 18 in South Florida and 7 in the Houston, Texas area, as well as a commercial real estate loan production office in New York City. For more information, please visit www.amerantbank.com ​or https://investor.amerantbank.com. CONTACTS:InvestorsInvestorRelations@amerantbank.com(305) 460-8728 Mediamedia@amerantbank.com(305) 441-8414

  • Amerant Bancorp Appoints Dolores M. Lare as a Director
    GlobeNewswire

    Amerant Bancorp Appoints Dolores M. Lare as a Director

    CORAL GABLES, Fla., March 15, 2021 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”) and its subsidiary, Amerant Bank, N.A. (the “Bank”), announced they have appointed Dolores M. Lare as an independent director of the Company and the Bank, effective April 1, 2021. Mrs. Lare will serve on the Board’s Audit and Risk Committees as well. Mrs. Lare has more than 35 years of banking experience. Currently, Mrs. Lare is a Partner at Patriot Financial Partners, L.P., a private equity firm focused on investing in community banks and financial services related companies throughout the United States (“Patriot”). Prior to joining Patriot, she served as Chief Operating Officer and Executive Vice President for Continental Bank Holdings, Inc. She has held other key executive level positions, including Executive Vice President, Director, Operational and Technology Services at Progress Bank and Chief Operating Officer at Prime Bank. Mrs. Lare started her banking career and held a variety of positions at PNC Bank and its predecessor banks. She also serves on the Boards of Elderlife Financial Services (Rockville, MD), Auxilor Capital Partners (Plymouth Meeting, PA), and First National Bancshares and First National Bank of America (East Lansing, MI). “It is a pleasure to welcome Dolores, who has significant multifaceted banking and financial services knowledge and experience,” said Frederick C. Copeland, Jr., Chairman of Amerant Bancorp Inc. “Her extensive executive leadership experience in the banking and financial services industry will bring valuable insight to our Board as we make continued progress in our plans to build deeper customer relationships, sustainable, profitable growth, and drive shareholder value.” “Amerant is committed to creating a uniquely personal community banking experience for its customers and I am honored to be part of such an exceptional financial organization,” said Mrs. Lare. “I look forward to working with our Board and senior management and contributing to the success of the organization.” About Amerant Bancorp Inc. The Company is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiaries, Amerant Bank, N.A. (the “Bank”), Amerant Investments, Inc., Amerant Trust, N.A., Elant Bank and Trust Ltd. and Amerant Mortgage, LLC. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services. The Bank, which has operated for over 40 years, is the second largest community bank headquartered in Florida. The Bank operates 25 banking centers – 18 in South Florida and 7 in the Houston, Texas area, as well as a commercial real estate loan production office in New York City. Visit our investor relations page at https://investor.amerantbank.com for additional information. Cautionary Notice Regarding Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including statements with respect to our objectives, expectations and intentions and other statements that are not historical facts. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target,” “goals,” “outlooks,” “modeled,” and other similar words and expressions of the future. Forward-looking statements, including those as to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the Company’s actual results, performance, achievements, or financial condition to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not rely on any forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in “Risk factors” in our annual report on Form 10-K for the fiscal year ended December 31, 2019, in our quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2020 and in our other filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website www.sec.gov. CONTACTS:InvestorsInvestorRelations@amerantbank.com(305) 460-8728 Mediamedia@amerantbank.com(305) 441-8414