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Dec 31, 2020
Amerant Q4 2020 Earnings Report
Reported a net income of $8.5 million, demonstrating a significant rebound from the previous quarter and reflecting the strength built throughout the year.
Key Takeaways
Amerant Bancorp Inc. reported a net income of $8.5 million for Q4 2020, a decrease compared to $13.5 million in Q4 2019. The company's credit quality was strong, with no provision for loan losses recorded in the fourth quarter. The net interest margin rebounded from the third quarter of 2020.
Net income was $8.5 million, down 37.1% from Q4 2019.
Net interest income was $48.7 million, down 5.1% from Q4 2019.
There was no provision for loan losses recorded during the fourth quarter of 2020.
Noninterest income was $11.5 million, down 27.9% compared to Q4 2019.
Amerant
Amerant
Amerant Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.com Forward Guidance
Amerant remains committed to its long-term strategic goals and is confident that it is well-positioned to enter 2021 with great impulse.
Positive Outlook
- Ramping up relationship-driven customer strategy
- Driving digital transformation
- Improving profitability and efficiency
- Optimizing core market footprint
- Increasing shareholder value