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Stock impact report

Amerant Bancorp Inc. Reports Fourth Quarter and Full-Year Results

Amerant Bancorp Inc. - Class B (AMTBB) 
Company Research Source: GlobeNewswire
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 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company” or “Amerant”) today reported full-year 2019 net income of $51.3 million, or $1.20 per diluted share, compared to $45.8 million, or $1.08 per diluted share, for the full-year 2018. Net income in the fourth quarter of 2019 was $13.5 million, 6.6% lower than the $14.4 million reported in the fourth quarter of 2018. Net income per diluted share was $0.31 in the fourth quarter of 2019, down 8.8% compared to $0.34 per diluted share in the fourth quarter of 2018. Return on assets (“ROA”) and return on equity (“ROE”) were 0.65% and 6.43% for the full-year 2019, respectively, compared to 0.55% and 6.29%, respectively, for the full-year 2018.  Annualized ROA and ROE were 0.68% and 6.44%, respectively, in the fourth quarter of 2019, compared to 0.70% and 7.88%, r Show less Read more
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