AMTB FY 2017 Earnings Report — Amerant Bancorp Inc. Revenue & Financial Results | Market Cap Arena

Amerant Bancorp Inc.AMTB

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$345M	—	$300M	—	14.8%
Op. Income	$77M	—	$34M	—	128.0%
Gross Margin	82.6%	—	77.0%	—	5.5pp
Net Margin	12.5%	—	7.8%	—	4.6pp
EPS (Diluted)	$1.23	—	$0.68	—	80.9%
Free Cash Flow	$65M	—	$67M	—	-3.1%

Revenue Flow

Item	Amount
REVENUE	$345M
Cost of Revenue	$60M
GROSS PROFIT	$285M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$139M
SG&A Expenses	$139M
Other Expenses	$68M
Operating Expenses	$208M
Cost & Expenses	$268M
OPERATING INCOME	$77M
Interest Income	$273M
Interest Expense	$64M
Other Income/Expenses	$0
INCOME BEFORE TAX	$77M
Income Tax Expense	$34M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$9M
EBIT	$77M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$345M
Cost of Revenue	$60M
GROSS PROFIT	$285M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$139M
SG&A Expenses	$139M
Other Expenses	$68M
Operating Expenses	$208M
Cost & Expenses	$268M
OPERATING INCOME	$77M
Interest Income	$273M
Interest Expense	$64M
Other Income/Expenses	$0
INCOME BEFORE TAX	$77M
Income Tax Expense	$34M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$9M
EBIT	$77M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$9M
Stock-Based Compensation	$0
Deferred Income Tax	$15M
Other Non-Cash Items	-$910.0K
Change in Working Capital	$7M
OPERATING CASH FLOW	$73M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$322M
Sales/Maturities of Investments	$656M
Other Investing Activities	-$318M
NET CASH FROM INVESTING	$8M
Net Debt Issuance	$242M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$304M
NET CASH FROM FINANCING	-$62M
FREE CASH FLOW	$65M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$1.7B
Net Receivables	$73M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$129M
Goodwill	$19M
Intangible Assets	$0
Long-Term Investments	$6.1B
Tax Assets	$15M
Other Non-Current Assets	$270M
TOTAL NON-CURRENT ASSETS	$6.5B
TOTAL ASSETS	$8.4B
Account Payables	$69M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6.3B
TOTAL CURRENT LIABILITIES	$6.4B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$7.7B
Common Stock	$4M
Additional Paid-In Capital	$368M
Retained Earnings	$388M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$753M
Minority Interest	$0
TOTAL EQUITY	$753M
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$1.3B
Net Debt	$1.1B