Stock Analysis

Amerant Bancorp First Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

April 26, 2024

Amerant Bancorp (NYSE:AMTB) First Quarter 2024 Results

Key Financial Results

Revenue: US$80.1m (up 4.2% from 1Q 2023).
Net income: US$10.6m (down 48% from 1Q 2023).
Profit margin: 13% (down from 26% in 1Q 2023).
EPS: US$0.32 (down from US$0.60 in 1Q 2023).

earnings-and-revenue-growth — NYSE:AMTB Earnings and Revenue Growth April 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amerant Bancorp EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Be aware that Amerant Bancorp is showing 3 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.