Amerant bancorp inc. (AMTBB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Sep'17Jun'17
Interest income
Loans

59,788

63,370

66,118

66,801

66,722

68,717

66,776

62,448

59,670

58,977

53,790

Investment securities

11,065

11,418

11,325

11,886

12,581

12,574

12,183

12,709

11,741

11,958

12,515

Interest earning deposits with banks

462

449

761

539

1,004

595

666

759

520

491

364

Total interest income

71,315

75,237

78,204

79,226

80,307

81,886

79,625

75,916

71,931

71,426

66,669

Interest expense
Interest bearing demand deposits

135

159

191

301

274

244

211

113

89

100

84

Savings and money market deposits

3,266

3,818

4,125

4,014

3,733

3,746

3,477

3,104

2,584

2,147

2,187

Time deposits

13,484

13,180

13,284

12,740

12,553

11,786

11,531

10,172

8,700

7,011

6,193

Advances from the Federal Home Loan Bank

4,412

5,575

6,253

6,292

6,205

7,253

6,716

6,511

5,990

4,765

4,345

Junior subordinated debentures

789

1,241

1,748

2,090

2,105

2,069

2,057

2,025

1,935

1,880

1,855

Securities sold under agreements to repurchase

-

-

3

0

-

-

0

2

-

457

564

Total interest expense

22,086

23,975

25,604

25,437

24,870

25,102

23,992

21,927

19,298

16,360

15,228

Net interest income

49,229

51,262

52,600

53,789

55,437

56,784

55,633

53,989

52,633

55,066

51,441

Provision for Loan, Lease, and Other Losses

22,000

-300

-1,500

-1,350

0

-1,375

1,600

150

0

1,155

3,646

Net interest income after provision for loan losses

27,229

51,562

54,100

55,139

55,437

58,159

54,033

53,839

52,633

53,911

47,795

Noninterest income
Deposits and service fees

4,290

4,274

4,366

4,341

4,086

4,431

4,269

4,471

4,582

4,841

4,868

Brokerage, advisory and fiduciary activities

4,133

3,865

3,647

3,736

3,688

3,860

4,148

4,426

4,415

5,052

4,897

Change in cash surrender value of bank owned life insurance

1,414

1,438

1,449

1,419

1,404

1,452

1,454

1,474

1,444

1,465

1,242

Securities gains, net

9,620

703

906

992

4

-1,000

-15

16

0

-1,842

177

Cards and trade finance servicing fees

395

557

1,034

1,419

915

1,044

1,145

1,173

1,062

1,264

1,114

(Loss) gain on early extinguishment of advances from the Federal Home Loan Bank, net

-7

-1,443

0

0

557

0

0

882

0

0

0

Data processing and fees for other services

0

0

70

365

520

500

523

613

881

1,024

969

Other noninterest income

2,065

6,577

2,364

1,875

1,982

1,707

1,426

1,931

1,561

12,286

4,492

Total noninterest income

21,910

15,971

13,836

14,147

13,156

11,994

12,950

14,986

13,945

24,090

17,759

Noninterest expense
Salaries and employee benefits

29,326

36,024

33,862

34,057

33,437

38,861

33,967

34,932

34,041

34,148

31,666

Occupancy and equipment

3,803

4,042

3,878

4,232

4,042

4,712

4,044

4,060

3,715

4,217

4,052

Telecommunication and data processing

3,464

3,396

3,408

3,233

3,026

3,261

3,043

3,011

3,084

2,531

2,417

Professional and other services fees

2,954

4,430

4,295

3,954

3,444

3,020

4,268

5,387

6,444

3,273

2,744

Depreciation and amortization

1,959

1,214

1,928

2,010

1,942

2,460

1,997

1,945

2,141

2,321

2,039

FDIC assessments and insurance

1,118

876

597

1,177

1,393

1,722

1,578

1,468

1,447

1,611

2,180

Other operating expenses

2,243

1,748

4,769

4,242

4,661

612

3,145

1,835

4,773

4,121

5,567

Total noninterest expenses

44,867

51,730

52,737

52,905

51,945

54,648

52,042

52,638

55,645

52,222

50,665

Income before income tax

4,272

15,803

15,199

16,381

16,648

15,505

14,941

16,187

10,933

25,779

14,889

Income tax expense

890

2,328

3,268

3,524

3,577

1,075

3,390

5,764

1,504

8,437

4,499

Net income

3,382

13,475

11,931

12,857

13,071

14,430

11,551

10,423

9,429

17,342

10,390

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

26,702

-4,647

6,866

14,313

16,278

10,104

-4,938

-5,454

-14,977

1,898

5,980

Net unrealized holding losses on cash flow hedges arising during the period

-1,514

230

68

0

-11

-5,596

1,840

2,139

4,280

-313

-1,453

Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent

7,305

329

965

1,025

252

-639

160

-2

-90

-1,481

93

Other comprehensive income

17,883

-3,874

5,969

13,288

16,015

5,147

-3,258

-3,313

-10,607

3,066

4,434

Comprehensive income

21,265

9,601

17,900

26,145

29,086

19,577

8,293

7,110

-1,178

20,408

14,824

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

-

-

-

-

-

-

-

-

-

17,342

10,390

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