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Dec 31, 2024
Amerant Q4 2024 Earnings Report
Amerant reported improved fourth quarter results driven by increased net interest income and decreased provision for credit losses.
Key Takeaways
Amerant Bancorp Inc. reported a net income attributable to the Company of $16.9 million in the fourth quarter of 2024, or $0.40 per diluted share, compared to a net loss of $48.2 million in the third quarter of 2024. Net interest income increased over 8% while provision for credit losses declined 48%, quarter over quarter. The loan pipeline is robust heading into 2025, and the company expects to be back well over $10 billion in assets in the first quarter of 2025.
Total assets were $9.9 billion, down 4.40% compared to 3Q24.
Total gross loans were $7.27 billion, a decrease of 3.90% compared to 3Q24.
Net Interest Income (NII) was $87.6 million, up 8.2% compared to 3Q24.
Return on average assets (ROA) was 0.67% in 4Q24 compared to negative 1.92% in 3Q24.
Forward Guidance
Amerant focused on completing its transformation toward becoming the bank of choice in Florida. In 2025, their focus is executing on their growth plan.
Positive Outlook
- Robust loan pipeline heading into 2025.
- Expect to be back well over $10 billion in assets in the first quarter of 2025.
- Focus on executing growth plan in 2025.
- Focus on becoming the bank of choice in Florida.
- Completed transformation toward becoming the bank of choice in Florida.
Challenges Ahead
- Asset size declined primarily from the sale of the Houston Franchise.
- Total assets were down 4.40% compared to 3Q24.
- Total gross loans were down 3.90% compared to 3Q24.
- Cash and cash equivalents were down 12.13% compared to 3Q24.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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