Amerant Bancorp Inc. Reports Second Quarter Results
Amerant Bancorp Inc. - Class B (AMTBB)
Company Research
Source: GlobeNewswire
CORAL GABLES, Fla., July 26, 2019 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”) today reported second quarter 2019 net income of $12.9 million and net income of $25.9 million for the six months ended June 30, 2019, 23.4% higher than the $10.4 million reported in the second quarter of 2018 and 30.6% higher than the $19.9 million reported in the six months ended June 30, 2018. Net income per diluted share was $0.30 in the second quarter of 2019, up 20.0% compared to $0.25 per diluted share in the second quarter of 2018. Net income per diluted share for the six months ended June 30, 2019 was $0.60, up 27.7% compared to $0.47 per diluted share for the six months ended June 30, 2018. Annualized return on assets (“ROA”) and return on equity (“ROE”) were 0.66% and 6.56%, respectively, in the second quarter of 2019, up from 0.50% and 5.57%, in the second quarter of 2018, respectively. ROA and ROE for the latest six months were 0.66% and 6.76%, resp
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