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Dec 31, 2021
Amerant Q4 2021 Earnings Report
Amerant reported record Q4 2021 results, marked by significant improvements in key performance metrics and strategic initiatives such as a new outsourcing agreement with FIS and a clean-up merger.
Key Takeaways
Amerant Bancorp Inc. reported a record fourth quarter with net income of $65.5 million, or $1.77 per diluted share, a substantial increase from both the previous quarter and the same quarter of the prior year. Key performance metrics improved, including core pre-provision net revenue, loan growth, non-performing loans ratio, and net interest margin.
Net income attributable to Amerant was $65.5 million, up 284.4% from Q3 2021 and 672.7% from Q4 2020.
Net interest margin increased to 3.17%, up 23 basis points from the previous quarter.
The company entered into a new outsourcing agreement with FIS, expected to yield approximately $12 million in annual savings.
Completed a clean-up merger, eliminating class B shares and reducing the number of shares outstanding.
Amerant
Amerant
Amerant Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.com Forward Guidance
Amerant is focused on continuing the execution of its strategy to achieve even stronger performance in 2022, including realizing estimated annual savings of approximately $12 million from the new outsourcing agreement with FIS.
Positive Outlook
- Continued execution of strategy to achieve stronger performance in 2022
- Estimated annual savings of approximately $12 million from FIS outsourcing agreement
- Focus on generating brand awareness through campaigns and partnerships
- Strong capital position, well in excess of minimum regulatory requirements
- Commitment to increasing total return to shareholders
Challenges Ahead
- No specific negative forward guidance was provided in the text.