AMTB FY 2016 Earnings Report — Amerant Bancorp Inc. Revenue & Financial Results | Market Cap Arena

Amerant Bancorp Inc.AMTB

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$300M	—	$263M	—	14.2%
Op. Income	$34M	—	$24M	—	43.4%
Gross Margin	77.0%	—	82.1%	—	-5.0pp
Net Margin	7.8%	—	5.7%	—	2.1pp
EPS (Diluted)	$0.68	—	$0.43	—	58.1%
Free Cash Flow	$67M	—	$49M	—	37.3%

Revenue Flow

Item	Amount
REVENUE	$300M
Cost of Revenue	$69M
GROSS PROFIT	$231M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$137M
SG&A Expenses	$137M
Other Expenses	$61M
Operating Expenses	$198M
Cost & Expenses	$267M
OPERATING INCOME	$34M
Interest Income	$239M
Interest Expense	$47M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$10M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$9M
EBIT	$34M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$300M
Cost of Revenue	$69M
GROSS PROFIT	$231M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$137M
SG&A Expenses	$137M
Other Expenses	$61M
Operating Expenses	$198M
Cost & Expenses	$267M
OPERATING INCOME	$34M
Interest Income	$239M
Interest Expense	$47M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$10M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$9M
EBIT	$34M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$9M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$42M
Change in Working Capital	$4M
OPERATING CASH FLOW	$75M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$986M
Other Investing Activities	-$216M
NET CASH FROM INVESTING	-$322M
Net Debt Issuance	$209M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$34M
NET CASH FROM FINANCING	$244M
FREE CASH FLOW	$67M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$135M
Short-Term Investments	$2.1B
Net Receivables	$70M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$149M
Goodwill	$19M
Intangible Assets	$0
Long-Term Investments	$5.7B
Tax Assets	$31M
Other Non-Current Assets	$224M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$8.4B
Account Payables	$53M
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$7.7B
Common Stock	$13M
Additional Paid-In Capital	$359M
Retained Earnings	$344M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$705M
Minority Interest	$0
TOTAL EQUITY	$705M
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$1.1B
Net Debt	$964M