AMTB FY 2019 Earnings Report — Amerant Bancorp Inc. Revenue & Financial Results | Market Cap Arena

Amerant Bancorp Inc.AMTB

FY 2019 Earnings

Reported March 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$371M	—	$362M	—	2.4%
Op. Income	$64M	—	$58M	—	11.2%
Gross Margin	73.9%	—	75.0%	—	-1.0pp
Net Margin	13.8%	—	12.6%	—	1.2pp
EPS (Diluted)	$1.20	—	$1.08	—	11.1%
Free Cash Flow	$64M	—	$52M	—	23.1%

Revenue Flow

Item	Amount
REVENUE	$371M
Cost of Revenue	$97M
GROSS PROFIT	$274M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$141M
SG&A Expenses	$141M
Other Expenses	$69M
Operating Expenses	$210M
Cost & Expenses	$307M
OPERATING INCOME	$64M
Interest Income	$313M
Interest Expense	$100M
Other Income/Expenses	$0
INCOME BEFORE TAX	$64M
Income Tax Expense	$13M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$7M
EBIT	$64M
EBITDA	$71M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$371M
Cost of Revenue	$97M
GROSS PROFIT	$274M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$141M
SG&A Expenses	$141M
Other Expenses	$69M
Operating Expenses	$210M
Cost & Expenses	$307M
OPERATING INCOME	$64M
Interest Income	$313M
Interest Expense	$100M
Other Income/Expenses	$0
INCOME BEFORE TAX	$64M
Income Tax Expense	$13M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$7M
EBIT	$64M
EBITDA	$71M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$7M
Stock-Based Compensation	$6M
Deferred Income Tax	$525.0K
Other Non-Cash Items	$925.0K
Change in Working Capital	$12M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$14M
Acquisitions (Net)	-$14M
Purchases of Investments	-$446M
Sales/Maturities of Investments	$508M
Other Investing Activities	$172M
NET CASH FROM INVESTING	$206M
Net Debt Issuance	$42M
Common Stock Repurchased	-$30M
Common Dividends Paid	$0
Other Financing Activities	-$290M
NET CASH FROM FINANCING	-$249M
FREE CASH FLOW	$64M
Net Change in Cash	$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$121M
Short-Term Investments	$1.6B
Net Receivables	$67M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$129M
Goodwill	$20M
Intangible Assets	$0
Long-Term Investments	$5.8B
Tax Assets	$5M
Other Non-Current Assets	$285M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$8.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$66M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$7.2B
Common Stock	$5M
Additional Paid-In Capital	$419M
Retained Earnings	$444M
Treasury Stock	-$46M
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$835M
Minority Interest	$0
TOTAL EQUITY	$835M
TOTAL LIABILITIES & EQUITY	$8.0B
Total Debt	$1.3B
Net Debt	$1.2B