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Stock impact report

Mercantil Bank Holding Corporation Reports Fourth Quarter and Full-Year Results

Amerant Bancorp Inc. - Class B (AMTBB) 
Company Research Source: GlobeNewswire
2018 Net Income Increased 6.4% Compared to 2017 on Continued Improved Operating Results Fourth Quarter Net Income up 24.9% from Third Quarter of 2018 and up 63.6% from Fourth Quarter 2017 CORAL GABLES, Fla., Jan. 29, 2019 (GLOBE NEWSWIRE) -- Mercantil Bank Holding Corporation (NASDAQ: AMTB and AMTBB) (the “Company”) today reported full-year 2018 net income of $45.8 million, or $1.08 per share, compared to $43.1 million, or $1.01 per share for 2017. Net income was $14.4 million in the fourth quarter of 2018, 24.9% higher than in the third quarter of 2018 and 63.6% higher than in the fourth quarter of 2017. Net income per share was $0.34 in the fourth quarter of 2018, up from $0.27 per share in the third quarter of 2018, and $0.21 per share in the last quarter of 2017. Return on assets (“ROA”) and return on equity (“ROE”) were 0.55% and 6.29% in full-year 2018, up from 0.51% and 5.62% in 2017. Annualized ROA and ROE were 0.70% and 7.88% in the fourth quarter of 2018, up from 0.42% Show less Read more
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