AMTB FY 2018 Earnings Report — Amerant Bancorp Inc. Revenue & Financial Results | Market Cap Arena

Amerant Bancorp Inc.AMTB

FY 2018 Earnings

Reported April 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$362M	—	$345M	—	5.1%
Op. Income	$58M	—	$77M	—	-25.3%
Gross Margin	75.0%	—	82.6%	—	-7.6pp
Net Margin	12.6%	—	12.5%	—	0.2pp
EPS (Diluted)	$1.08	—	$1.23	—	-12.2%
Free Cash Flow	$52M	—	$65M	—	-19.4%

Revenue Flow

Item	Amount
REVENUE	$362M
Cost of Revenue	$91M
GROSS PROFIT	$272M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$148M
SG&A Expenses	$148M
Other Expenses	$66M
Operating Expenses	$214M
Cost & Expenses	$305M
OPERATING INCOME	$58M
Interest Income	$309M
Interest Expense	$90M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$12M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$9M
EBIT	$58M
EBITDA	$66M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$362M
Cost of Revenue	$91M
GROSS PROFIT	$272M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$148M
SG&A Expenses	$148M
Other Expenses	$66M
Operating Expenses	$214M
Cost & Expenses	$305M
OPERATING INCOME	$58M
Interest Income	$309M
Interest Expense	$90M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$12M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$9M
EBIT	$58M
EBITDA	$66M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$9M
Stock-Based Compensation	$166.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$12M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$10M
Acquisitions (Net)	$8M
Purchases of Investments	-$216M
Sales/Maturities of Investments	$284M
Other Investing Activities	$141M
NET CASH FROM INVESTING	$207M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$18M
Common Dividends Paid	-$40M
Other Financing Activities	-$290M
NET CASH FROM FINANCING	-$336M
FREE CASH FLOW	$52M
Net Change in Cash	-$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$86M
Short-Term Investments	$1.6B
Net Receivables	$74M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$124M
Goodwill	$19M
Intangible Assets	$0
Long-Term Investments	$5.9B
Tax Assets	$16M
Other Non-Current Assets	$276M
TOTAL NON-CURRENT ASSETS	$6.4B
TOTAL ASSETS	$8.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6.0B
TOTAL CURRENT LIABILITIES	$6.0B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$60M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$7.4B
Common Stock	$4M
Additional Paid-In Capital	$385M
Retained Earnings	$394M
Treasury Stock	-$18M
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$747M
Minority Interest	$0
TOTAL EQUITY	$747M
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$1.3B
Net Debt	$1.2B