Amerant Bancorp Inc. AMTB Income Statement

Amerant bancorp inc. (AMTB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Sep'17	Jun'17
Interest income
Loans
256,077	263,011	268,358	269,016	264,663	257,611	247,871	234,885	0	0	0
Investment securities
45,694	47,210	48,366	49,224	50,047	49,207	48,591	48,923	0	0	0
Interest earning deposits with banks
2,211	2,753	2,899	2,804	3,024	2,540	2,436	2,134	0	0	0
Total interest income
303,982	312,974	319,623	321,044	317,734	309,358	298,898	285,942	0	0	0
Interest expense
Interest bearing demand deposits
786	925	1,010	1,030	842	657	513	386	0	0	0
Savings and money market deposits
15,223	15,690	15,618	14,970	14,060	12,911	11,312	10,022	0	0	0
Time deposits
52,688	51,757	50,363	48,610	46,042	42,189	37,414	32,076	0	0	0
Advances from the Federal Home Loan Bank
22,532	24,325	26,003	26,466	26,685	26,470	23,982	21,611	0	0	0
Junior subordinated debentures
5,868	7,184	8,012	8,321	8,256	8,086	7,897	7,695	0	0	0
Securities sold under agreements to repurchase
-	-	0	0	-	-	0	0	-	0	0
Total interest expense
97,102	99,886	101,013	99,401	95,891	90,319	81,577	72,813	0	0	0
Net interest income
206,880	213,088	218,610	221,643	221,843	219,039	217,321	213,129	0	0	0
Provision for Loan, Lease, and Other Losses
18,850	-3,150	-4,225	-1,125	375	375	2,905	4,951	0	0	0
Net interest income after provision for loan losses
188,030	216,238	222,835	222,768	221,468	218,664	214,416	208,178	0	0	0
Noninterest income
Deposits and service fees
17,271	17,067	17,224	17,127	17,257	17,753	18,163	18,762	0	0	0
Brokerage, advisory and fiduciary activities
15,381	14,936	14,931	15,432	16,122	16,849	18,041	18,790	0	0	0
Change in cash surrender value of bank owned life insurance
5,720	5,710	5,724	5,729	5,784	5,824	5,837	5,625	0	0	0
Securities gains, net
12,221	2,605	902	-19	-995	-999	-1,841	-1,649	0	0	0
Cards and trade finance servicing fees
3,405	3,925	4,412	4,523	4,277	4,424	4,644	4,613	0	0	0
(Loss) gain on early extinguishment of advances from the Federal Home Loan Bank, net
-1,450	-886	557	557	1,439	882	882	882	0	0	0
Data processing and fees for other services
435	955	1,455	1,908	2,156	2,517	3,041	3,487	0	0	0
Other noninterest income
12,881	12,798	7,928	6,990	7,046	6,625	17,204	20,270	0	0	0
Total noninterest income
65,864	57,110	53,133	52,247	53,086	53,875	65,971	70,780	0	0	0
Noninterest expense
Salaries and employee benefits
133,269	137,380	140,217	140,322	141,197	141,801	137,088	134,787	0	0	0
Occupancy and equipment
15,955	16,194	16,864	17,030	16,858	16,531	16,036	16,044	0	0	0
Telecommunication and data processing
13,501	13,063	12,928	12,563	12,341	12,399	11,669	11,043	0	0	0
Professional and other services fees
15,633	16,123	14,713	14,686	16,119	19,119	19,372	17,848	0	0	0
Depreciation and amortization
7,111	7,094	8,340	8,409	8,344	8,543	8,404	8,446	0	0	0
FDIC assessments and insurance
3,768	4,043	4,889	5,870	6,161	6,215	6,104	6,706	0	0	0
Other operating expenses
13,002	15,420	14,284	12,660	10,253	10,365	13,874	16,296	0	0	0
Total noninterest expenses
202,239	209,317	212,235	211,540	211,273	214,973	212,547	211,170	0	0	0
Income before income tax
51,655	64,031	63,733	63,475	63,281	57,566	67,840	67,788	0	0	0
Income tax expense
10,010	12,697	11,444	11,566	13,806	11,733	19,095	20,204	0	0	0
Net income
41,645	51,334	52,289	51,909	49,475	45,833	48,745	47,584	0	0	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Net unrealized holding gains on debt securities available for sale arising during the period
43,234	32,810	47,561	35,757	15,990	-15,265	-23,471	-12,553	0	0	0
Net unrealized holding losses on cash flow hedges arising during the period
-1,216	287	-5,539	-3,767	-1,628	2,663	7,946	4,653	0	0	0
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent
9,624	2,571	1,603	798	-229	-571	-1,413	-1,480	0	0	0
Other comprehensive income
33,266	31,398	40,419	31,192	14,591	-12,031	-14,112	-6,420	0	0	0
Comprehensive income
74,911	82,732	92,708	83,101	64,066	33,802	34,633	41,164	0	0	0
Earnings Per Share (Note 16):
Basic earnings per common share (in dollars per share)
0.08	0.32	0.28	0.30	0.31	0.34	0.27	0.25	0.22	-	-
Diluted earnings per common share (in dollars per share)
0.08	0.32	0.28	0.30	0.30	0.34	0.27	0.25	0.22	-	-
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	0	0
Basic and diluted weighted average shares outstanding (in shares)
-	-	-	-	-	-	-	-	-	42	127
Basic and diluted income per common share (Note 20) (in dollars per share)
-	-	-	-	-	-	-	-	-	0.41	0.08
Cash dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.00