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Mar 31, 2023
Amerant Q1 2023 Earnings Report
Amerant reported net income of $20.2 million for Q1 2023.
Key Takeaways
Amerant Bancorp Inc. reported a net income attributable to the company of $20.2 million, or $0.60 per diluted share, in the first quarter of 2023. Total assets increased to $9.5 billion, and total gross loans increased to $7.12 billion. Total deposits were $7.29 billion.
Total assets increased $367.5 million, or 4.03%, to $9.5 billion compared to $9.1 billion as of 4Q22.
Total gross loans increased $195.4 million, or 2.8%, to $7.12 billion compared to $6.92 billion in 4Q22.
Total deposits were $7.29 billion, up $242.5 million, or 3.44%, compared to $7.04 billion in 4Q22.
Average yield on loans increased to 6.38% in 1Q23, compared to 5.85% in 4Q22.
Amerant
Amerant
Amerant Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.com Forward Guidance
The Company will hold an earnings conference call on Friday, April 21, 2023, at 9:00 a.m. (Eastern Time) to discuss its first quarter 2023 results.