Last10K.com

Amerant Bancorp Inc. (AMTB) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

SEC Filings

AMTB Valuations

Intrinsic Value
Financial Stability
Financial Ratios
Insider Trades
Manager Portfolios
Notifications

AMTB Annual Reports

    10-K Annual Report March 2023
  • 10-K Annual Report March 2022
    • 10-K Annual Report March 2021
    10-K Annual Report March 2020
    10-K Annual Report March 2020
    10-K Annual Report April 2019

AMTB Quarterly Reports

AMTB Corporate News

Mercantil Bank Holding Corp

HISTORY TOOLS
CIK: 1734342 Ticker: AMTB
amntrgba33.jpg

CONTACTS:
Investors
Laura Rossi
InvestorRelations@amerantbank.com
(305) 460-8728
Media
Silvia M. Larrieu
MediaRelations@amerantbank.com
(305) 441-8414

AMERANT REPORTS RECORD FOURTH QUARTER 2021 NET INCOME OF $65.5 MILLION OR DILUTED EARNINGS PER SHARE OF $1.77 AND FULL-YEAR 2021 NET INCOME OF $112.9 MILLION OR DILUTED EARNINGS PER SHARE OF $3.01; DECLARES CASH DIVIDEND OF $0.09 PER SHARE

Significant Improvement Shown in Key Performance Metrics

•Core pre-provision net revenue (“Core PPNR”)1 grew to approximately $19 million in the fourth quarter of 2021, an increase from $18.3 million in the third quarter of 2021, and an increase from $17.6 million in the fourth quarter of 2020

•Loan growth of $88.6 million, or 1.62%, compared to the close of the third quarter of 2021, even with approximately $337 million in prepayments and $49.4 million in sales of former NYC production office loans

•Non-performing loans to total loans declined to 0.89%, or $49.8 million compared to 1.51%, or $82.7 million last quarter

•Net interest margin grew to 3.17% in the fourth quarter of 2021, up 23 basis points from 2.94% in the third quarter of 2021


CORAL GABLES, FLORIDA, January 19, 2022
. Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company” or “Amerant”) today reported net income attributable to the Company of $65.5 million in the fourth quarter of 2021, or $1.77 per diluted share, an increase compared to net income attributable to the Company of $17.0 million, or $0.45 per diluted share, in the third quarter of 2021 and net income attributable to the Company of $8.5 million, or $0.20 per diluted share, in the fourth quarter of 2020. Net income attributable to the Company was $112.9 million for the full-year 2021, compared to a net loss attributable to the Company of $1.7 million for the full-year 2020. Pre-provision net revenue (“PPNR”)1 was $79.1 million in the fourth quarter of 2021, an increase from $17.5 million in the third quarter of 2021, and an increase from $8.5 million in the fourth quarter of 2020. PPNR1 was $130.1 million for the full-year 2021, an increase from $84.3 million for the full-year 2020. Core PPNR1 was $69.9 million for the full-year 2021, compared to $71.0 million for the full-year 2020.
1 Non-GAAP measure, see “Non-GAAP Financial Measures” for more information and Exhibit 2 for a reconciliation to GAAP.
1
The following information was filed by Mercantil Bank Holding Corp (AMTB) on Wednesday, January 19, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Mercantil Bank Holding Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Mercantil Bank Holding Corp.

Continue

Assess how Mercantil Bank Holding Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Mercantil Bank Holding Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Other
Filter Subcategory:
All
Expense
Debt
Shares
Income
Product
Earnings
Geography
Other
Inside Mercantil Bank Holding Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Operations And Comprehensive Income
Accumulated Other Comprehensive Income (???Aoci???)
Accumulated Other Comprehensive Income (???Aoci???) (Tables)
Accumulated Other Comprehensive Income (???Aoci???) - Components Of Aocl (Details)
Accumulated Other Comprehensive Income (???Aoci???) - Components Of Other Comprehensive Loss (Details)
Advances From The Federal Home Loan Bank And Other Borrowings
Advances From The Federal Home Loan Bank And Other Borrowings (Details)
Advances From The Federal Home Loan Bank And Other Borrowings (Tables)
Allowance For Loan Losses
Allowance For Loan Losses (Tables)
Allowance For Loan Losses - Accrual And Non-Accrual Loans (Details)
Allowance For Loan Losses - Allowances By Loan Segment (Details)
Allowance For Loan Losses - Credit Risk Quality Indicators (Details)
Allowance For Loan Losses - Impaired Loans (Details)
Allowance For Loan Losses - Master Risk Category (Details)
Allowance For Loan Losses - Recorded Investment Of Loan Sales (Details)
Allowance For Loan Losses - Tdr Loans (Details)
Allowance For Loan Losses - Tdr Loans Subsequently Defaulted (Details)
Business, Basis Of Presentation And Summary Of Significant Accounting Policies
Business, Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Acquisition (Details)
Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (Details)
Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Optimizing Capital Structure (Details)
Business, Basis Of Presentation And Summary Of Significant Accounting Policies - Restructuring (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Narrative (Details)
Commitments And Contingencies - Summary Of Off-Balance Sheet Credit Risk (Details)
Condensed Unconsolidated Holding Companies??? Financial Statements
Condensed Unconsolidated Holding Companies??? Financial Statements (Tables)
Condensed Unconsolidated Holding Companies??? Financial Statements - Balance Sheet Information (Details)
Condensed Unconsolidated Holding Companies??? Financial Statements - Cash Flow Information (Details)
Condensed Unconsolidated Holding Companies??? Financial Statements - Income Statement Information (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Credit Risk (Details)
Derivative Instruments - Narrative (Details)
Derivative Instruments - Schedule Of Derivatives (Details)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Details)
Earnings (Loss) Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurements - Assets Measured At Fair Value On A Nonrecurring Basis (Details)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Valuation Of Assets (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Details)
Fair Value Of Financial Instruments (Tables)
Incentive Compensation And Benefit Plans
Incentive Compensation And Benefit Plans (Tables)
Incentive Compensation And Benefit Plans - Additional Information (Details)
Incentive Compensation And Benefit Plans - Restricted Stock (Details)
Incentive Compensation And Benefit Plans - Rsus (Details)
Incentive Compensation And Benefit Plans - Subsequent Events (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Components (Details)
Income Taxes - Deferred Tax Assets (Details)
Income Taxes - Narrative (Details)
Income Taxes - Reconciliation (Details)
Interest Earning Deposits With Banks
Interest Earning Deposits With Banks (Details)
Junior Subordinated Debentures Held By Trust Subsidiaries
Junior Subordinated Debentures Held By Trust Subsidiaries (Tables)
Junior Subordinated Debentures Held By Trust Subsidiaries - Narrative (Details)
Junior Subordinated Debentures Held By Trust Subsidiaries - Summary Of Junior Subordinated Debentures (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Cost (Details)
Leases - Maturities (Details)
Loans
Loans (Tables)
Loans - Loan Portfolio By Classes (Details)
Loans - Loans By Delinquency (Details)
Loans - Loans Held For Sale (Details)
Loans - Narrative (Details)
Premises And Equipment, Net
Premises And Equipment, Net (Tables)
Premises And Equipment, Net - Narrative (Details)
Premises And Equipment, Net - Schedule (Details)
Regulatory Matters
Regulatory Matters (Details)
Regulatory Matters (Tables)
Related Party Transactions
Related Party Transactions (Tables)
Related Party Transactions - Balance Sheet Information (Details)
Related Party Transactions - Narrative (Details)
Related Party Transactions - Summary Of Income And Expenses (Details)
Related Party Transactions - The Cayman Bank Acquisition (Details)
Securities
Securities (Tables)
Securities - Amortized Cost To Fair Value Of Available For Sale Securities (Details)
Securities - Contractual Maturities On Securities (Details)
Securities - Gross Realized Gains (Losses) (Details)
Securities - Held To Maturity Securities (Details)
Securities - Held To Maturity Securities - Amortized Cost And Fair Value (Details)
Securities - Narrative (Details)
Securities - Unrealized Loss On Available For Sale Securities (Details)
Senior Notes
Senior Notes (Details)
Stockholders??? Equity
Stockholders??? Equity (Tables)
Stockholders??? Equity - Clean-Up Merger (Details)
Stockholders??? Equity - Common Stock (Details)
Stockholders??? Equity - Common Stock Repurchases And Treasury Stock (Details)
Stockholders??? Equity - Dividends (Details)
Stockholders??? Equity - Ipo-Related Transactions (Details)
Stockholders??? Equity - Private Placements (Details)
Stockholders??? Equity - Schedule Of Shares (Details)
Stockholders??? Equity - Subsequent Events (Details)
Time Deposits
Time Deposits (Tables)
Time Deposits - Narrative (Details)
Time Deposits - Schedule Of Maturities (Details)
Ticker: AMTB
CIK: 1734342
Form Type: 10-K Annual Report
Accession Number: 0001734342-22-000010
Submitted to the SEC: Fri Mar 04 2022 5:22:20 PM EST
Accepted by the SEC: Fri Mar 04 2022
Period: Friday, December 31, 2021
Industry: National Commercial Banks

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/amtb/0001734342-22-000010.htm