|Bid||14.67 x 800|
|Ask||14.75 x 1000|
|Day's Range||14.31 - 15.01|
|52 Week Range||10.95 - 23.59|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||12.29|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.33|
South Florida businesses are scrambling to submit applications for the Paycheck Protection Program, the $350 billion loan program backed by the U.S. Small Business Administration. "Most Florida banks were uploading applications to the SBA as of Tuesday evening," said Alex Sanchez, president and CEO of the Florida Bankers Association. Lenders note that the multibillion-dollar loan program is drying up quickly, so businesses need to apply as soon as possible to receive funds.
Local lenders are ramping up for a flood of applications as the coronavirus stimulus package's Paycheck Protection Program — a $349 billion loan program for small businesses — takes effect. Businesses with up to 500 employees can begin applying for up to $10 million through an existing U.S. Small Business Association (SBA) lender as soon as Friday, according to guidelines released Wednesday morning. According to the updated guidelines, businesses may apply for loans that cover up two months of average payroll costs (capped at $100,000 per employee) from the previous year, plus an additional 25% of that amount.
Federal regulators are urging banks to assist borrowers experiencing financial hardship as a result of the pandemic.
Amerant, the largest community bank headquartered in Florida, will be taking a variety of measures to further support its customers during the current COVID-19 outbreak. “As we strive to support both customers and the communities in which we operate, we are looking at how to best provide tangible, meaningful support,” said Millar Wilson, Vice Chairman and CEO of Amerant. Amerant has operated for over 40 years with 27 banking centers – 19 in South Florida, 8 in the Houston, Texas area, and loan production offices in Dallas and New York.
Banks and credit unions remain open in South Florida, which leads the state in confirmed COVID-19 cases.
To the annoyance of some shareholders, Amerant Bancorp (NASDAQ:AMTB) shares are down a considerable 31% in the last...
Amerant Bancorp CFO Alberto Peraza has resigned and will step down from his position by mid-March. The Coral Gables-based bank (Nasdaq: AMTB) announced Carlos Iafigliola, currently senior VP and treasury manager, will serve as interim CFO effective March 16. "[Peraza] has been instrumental to the success of the company and played a key role in our 2018 IPO, as well as our subsequent transformation into a domestically focused community bank," said Amerant CEO Millar Wilson.
Amerant Bancorp Inc. (NASDAQ:AMTB and AMTBB) (the “Company”) announced today that Alberto Peraza has resigned as the Company’s Co-President and Chief Financial Officer, effective March 16, 2020, to pursue other interests. During this time, Mr. Peraza will continue in his position through the filing of the Company’s 2019 Annual Report on Form 10-K. After that date, he will serve as an advisor to the Company through April 28, 2020 to assist with transition efforts. Amerant has appointed Carlos Iafigliola, currently the Company’s head of Treasury, as interim Chief Financial Officer, effective March 16, 2020.
BankUnited maintained its status as South Florida's most profitable banking institution during the fourth quarter of 2019, according to the Federal Deposit Insurance Corp. The Miami Lakes-based bank (NYSE: BKU) earned $96.
2019 Full-Year Net Income Up 12.0% Compared to 2018 Fourth Quarter Net Income Down 6.6% Compared to Last Year CORAL GABLES, Fla., Jan. 30, 2020 -- Amerant Bancorp Inc..
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...
South Florida small businesses with less than $1 million in revenue may receive a larger loan from a community bank than a national institution. While big banks originate more of those loans by number, community banks, on average, offer larger loans, according to data from the Federal Financial Institutions Examination Council (FFIEC), composed of the nation's five banking regulators.
CORAL GABLES, Fla., Jan. 13, 2020 -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”), today announced it will report fourth quarter 2019 earnings results before.
Professional Bank’s decision to file paperwork for an initial public offering is another indication that community banks need more money than ever to stay profitable, according to local experts. Coral Gables-based Professional Holding Corp. this week told the U.S. Securities and Exchange Commission it aimed to raise up to $75 million for an IPO. It’s an indication the fast-growing community bank is seeking additional capital to keep up with expansion efforts, said Ken Thomas, a Miami-based bank analyst and author of The CRA Handbook.
MILLAR WILSON Age: 67 Birthplace: Glasgow, Scotland Residence: Coral Gables Current position: CEO, Amerant Bank Previous position: President and COO, Mercantil Bank; risk manager, Mercantil Holding Financiero Internacional Education: Bachelor's degree, business and administrative studies, University of Bradford Amerant Bank CEO Millar Wilson has a unique background, even for a diverse region like South Florida. Born in Scotland, Wilson emigrated to Venezuela with his parents when he was less than a year old.
CORAL GABLES, Fla., Dec. 31, 2019 -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”) announced today that it has called for redemption of all $26.8 million of its.
Amerant Bancorp Inc. (NASDAQ:AMTB and AMTBB) (the “Company”) announced today the filing with the Securities and Exchange Commission ("SEC") of a $200 million shelf registration statement on Form S-3. The shelf registration statement permits Amerant to offer and sell, from time to time, in one or more offerings, an indeterminate dollar amount of a variety of its securities, which may consist of debt securities, preferred stock, common stock, warrants, depositary shares, subscription rights, stock purchase contracts, and stock purchase units. The terms and conditions of any particular offering of securities under the shelf registration statement will be determined at the time of such offering and will be set forth in the applicable prospectus supplement.
MIAMI, Dec. 09, 2019 -- Amerant, the largest community bank headquartered in Florida, opened its newest banking center in the city of Boca Raton. Located at 2301 Glades Road,.
Florida's 109 state-chartered banks had a combined net income of $541 million, up from $507 million in the second quarter.
Amerant Bancorp (Nasdaq: AMTB) completed an acquisition of Cayman Islands-based Mercantil Bank and Trust Limited on Nov. 20. The move is intended to bolster the Coral Gables bank's wealth management and private banking services. Amerant purchased Mercantil Bank and Trust Limited from Mercantil Holding Financiero (MSF) Internacional, a Venezuelan company previously affiliated with Amerant.
CORAL GABLES, Fla., Nov. 20, 2019 -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”) announced today the completion of its previously announced acquisition of.
Amerant announced today that the Office of the Comptroller of the Currency (OCC), in evaluating the bank’s Community Reinvestment Act (CRA) performance, granted top ratings in all three performance tests: Lending, Investment and Service. The Bank has achieved an overall Outstanding rating since 2000. The Lending Test rating is based on the excellent level of community development (CD) lending with Amerant being a leader in CD lending, the good geographic and borrower distribution of lending and a substantial majority of the Bank’s loans being in the assessment areas.
CORAL GABLES, Fla., Oct. 29, 2019 -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”) today reported continuing improved results for the third quarter of 2019,.
Amerant announced today that Manolo Cuervo has been named Executive Vice President Human Resources. He brings over 25 years of human resources (HR) experience focused on achieving business results through human capital strategies to the company. Cuervo will lead all HR initiatives and strategies for the organization. Prior to joining Amerant, Cuervo most recently served as Managing Director of Regional Rewards and Recognition for Citi across the U.S. and 20 international markets. During his tenure as Managing Director, he successfully drove a company-wide HR function transformation that included the alignment of organizational and operating models, and roles for country, regional and HR Centers of Excellence teams to the company’s goals.