Amerant Bancorp Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Amerant Bancorp (NYSE:AMTB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$79.6m (up 17% from 2Q 2023).
• Net income: US$4.96m (down 32% from 2Q 2023).
• Profit margin: 6.2% (down from 11% in 2Q 2023).
• EPS: US$0.15 (down from US$0.22 in 2Q 2023).

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

Amerant Bancorp Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 57%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Amerant Bancorp that you should be aware of.

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