AMTB

MKT CAP:$941M

Amerant Bancorp Inc.

Market Cap

$941M

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$22.82+$3.11 (+15.78%)

Apr 24, 2026

Company Details

Amerant Bancorp Inc. operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. The company offers checking, savings, and m...

CEO

Carlos Iafigliola

IPO Date

Oct 18, 2018

Website

www.amerantbank.com

Key Metrics TTM

Revenue

$521M

-10.4% YoY

Net Income

$58M

EPS (Diluted)

$1.41

Free Cash Flow

$111M

Revenue / Share

$12.85

Gross Margin

55.6%

Operating Margin

9.7%

Net Margin

11.2%

FCF Margin

21.4%

P/S

1.8x

P/E

16.1x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$31M-81.4%EPS $0.44

FY 2025

Feb 27, 2026

$655M+14.0%EPS $1.26

Q4 2025

Feb 27, 2026

$154M+2.5%EPS $0.07

Q3 2025

Oct 31, 2025

$167M+63.6%EPS $0.35

Q2 2025

Aug 1, 2025

$169M+3.3%EPS $0.55

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$82M	$71M	$11M
Q3 22	$103M	$77M	$22M
Q4 22	$118M	$66M	$23M
Q1 23	$130M	$75M	$25M
Q2 23	$152M	$68M	$9M
Q3 23	$149M	$80M	$28M
Q4 23	$121M	$45M	-$21M
Q1 24	$159M	$80M	$13M
Q2 24	$164M	$78M	$6M
Q3 24	$102M	$13M	-$62M
Q4 24	$150M	$75M	$18M
Q1 25	$165M	$86M	$15M
Q2 25	$169M	$102M	$30M
Q3 25	$167M	$94M	$19M
Q4 25	$154M	$93M	$2M
Q1 26	$31M	$0	$0

Valuation

Quarter	P/S	P/E
Q2 22	3.0x	8.9x
Q3 22	2.4x	7.7x
Q4 22	2.4x	15.2x
Q1 23	1.7x	11.4x
Q2 23	1.2x	9.3x
Q3 23	1.1x	8.5x
Q4 23	1.5x	25.0x
Q1 24	1.3x	33.3x
Q2 24	1.3x	37.0x
Q3 24	1.3x	—
Q4 24	1.3x	—
Q1 25	1.5x	—
Q2 25	1.3x	208.3x
Q3 25	1.2x	12.1x
Q4 25	1.3x	15.9x
Q1 26	1.6x	14.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$37M	-$39M
Q3 22	$17M	$13M
Q4 22	-$17M	-$20M
Q1 23	-$19M	-$23M
Q2 23	$11M	$7M
Q3 23	$49M	$48M
Q4 23	-$14M	-$17M
Q1 24	$3M	-$694.0K
Q2 24	-$2M	-$4M
Q3 24	$4M	$3M
Q4 24	$78M	$77M
Q1 25	$20M	$18M
Q2 25	$58M	$56M
Q3 25	$23M	$24M
Q4 25	$36M	$31M
Q1 26	$0	$0

Capital Expenditures

Quarter	CapEx
Q2 22	$3M
Q3 22	$4M
Q4 22	$3M
Q1 23	$4M
Q2 23	$4M
Q3 23	$1M
Q4 23	$3M
Q1 24	$3M
Q2 24	$2M
Q3 24	$2M
Q4 24	$792.0K
Q1 25	$2M
Q2 25	$1M
Q3 25	$1M
Q4 25	$5M
Q1 26	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+3.8%	+20.0%
Q3 22	+38.0%	+52.6%
Q4 22	+48.1%	+2139.7%
Q1 23	+65.6%	+73.5%
Q2 23	+84.0%	+98.7%
Q3 23	+44.1%	+49.4%
Q4 23	+2.4%	+49.7%
Q1 24	+22.7%	+39.4%
Q2 24	+8.1%	+10.4%
Q3 24	-31.4%	+35.8%
Q4 24	+23.8%	-7.1%
Q1 25	+4.0%	+3.0%
Q2 25	+3.3%	-11.5%
Q3 25	+63.6%	-9.7%
Q4 25	+2.5%	+15.0%
Q1 26	-81.4%	-79.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$1M	1.5%
Q3 22	$2M	1.6%
Q4 22	$2M	1.4%
Q1 23	$2M	1.4%
Q2 23	$2M	1.1%
Q3 23	$2M	1.0%
Q4 23	$2M	1.5%
Q1 24	$2M	1.0%
Q2 24	$1M	0.9%
Q3 24	$1M	1.2%
Q4 24	$802.0K	0.5%
Q1 25	$790.0K	0.5%
Q2 25	$2M	1.0%
Q3 25	$1M	0.7%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$32M	$3M
Q3 22	$32M	$2M
Q4 22	$35M	$3M
Q1 23	$38M	$3M
Q2 23	$37M	$4M
Q3 23	$34M	$3M
Q4 23	$36M	$3M
Q1 24	$36M	$3M
Q2 24	$37M	$4M
Q3 24	$38M	$3M
Q4 24	$38M	$4M
Q1 25	$39M	—
Q2 25	$42M	—
Q3 25	$40M	—
Q4 25	$45M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$332M	$1.1B	$1.5B
Q3 22	$256M	$1.1B	$1.3B
Q4 22	$248M	$1.1B	$1.3B
Q1 23	$453M	$1.0B	$1.5B
Q2 23	$411M	$1.0B	$1.4B
Q3 23	$257M	$1.0B	$1.3B
Q4 23	$296M	$1.2B	$1.5B
Q1 24	$626M	$1.3B	$1.9B
Q2 24	$278M	$1.3B	$1.5B
Q3 24	$662M	$10M	$672M
Q4 24	$566M	$1.4B	$2.0B
Q1 25	$635M	$2M	$637M
Q2 25	$629M	$2M	$631M
Q3 25	$624M	$2M	$626M
Q4 25	$470M	$2.0B	$2.5B
Q1 26	$189M	$2.4B	$2.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	34M	-3.4%	-10.0%
Q3 22	34M	-0.5%	-10.1%
Q4 22	34M	+0.2%	-8.8%
Q1 23	34M	+0.1%	-3.6%
Q2 23	34M	-0.4%	-0.6%
Q3 23	34M	-0.1%	-0.1%
Q4 23	33M	-0.8%	-1.1%
Q1 24	33M	0.0%	-1.2%
Q2 24	34M	+1.0%	+0.2%
Q3 24	34M	+0.0%	+0.3%
Q4 24	42M	+25.1%	+26.4%
Q1 25	42M	-0.2%	+26.2%
Q2 25	42M	-0.7%	+24.0%
Q3 25	42M	-0.2%	+23.6%
Q4 25	41M	-1.6%	-2.8%
Q1 26	41M	-1.4%	-4.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$108.0K	763
Q3 22	$135.4K	763
Q4 22	$170.8K	692
Q1 23	$187.4K	692
Q2 23	$219.0K	692
Q3 23	$215.1K	692
Q4 23	$177.5K	682
Q1 24	$233.3K	682
Q2 24	$240.2K	682
Q3 24	$149.8K	682
Q4 24	$214.7K	698
Q1 25	$237.0K	698
Q2 25	$242.3K	698
Q3 25	$239.4K	698
Q4 25	$221.3K	694
Q1 26	$44.3K	694

Revenue / Employee