For the quarter ended December 2023, Amerant Bancorp Inc. (AMTB - Free Report) reported revenue of $101.29 million, down 4.9% over the same period last year. EPS came in at $0.46, compared to $0.40 in the year-ago quarter.
The reported revenue represents a surprise of +10.67% over the Zacks Consensus Estimate of $91.52 million. With the consensus EPS estimate being $0.46, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amerant Bancorp Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 3.7% versus 3.5% estimated by three analysts on average.
- Efficiency Ratio: 108.3% versus the three-analyst average estimate of 66.4%.
- Average Interest Earning Assets: $8.72 billion compared to the $8.84 billion average estimate based on two analysts.
- Total Non-Performing Loans: $34.40 million versus the two-analyst average estimate of $33.89 million.
- Net charge-offs / Avg. loans: 0.9% versus the two-analyst average estimate of 0.5%.
- Total Non-Performing Assets: $54.58 million versus the two-analyst average estimate of $51.73 million.
- Noninterest income: $19.61 million compared to the $15.17 million average estimate based on three analysts.
- Net interest income: $81.68 million versus $77.02 million estimated by three analysts on average.
View all Key Company Metrics for Amerant Bancorp Inc. here>>>Shares of Amerant Bancorp Inc. have returned -6.5% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended December 2023, Amerant Bancorp Inc. (AMTB - Free Report) reported revenue of $101.29 million, down 4.9% over the same period last year. EPS came in at $0.46, compared to $0.40 in the year-ago quarter.
The reported revenue represents a surprise of +10.67% over the Zacks Consensus Estimate of $91.52 million. With the consensus EPS estimate being $0.46, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amerant Bancorp Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 3.7% versus 3.5% estimated by three analysts on average.
- Efficiency Ratio: 108.3% versus the three-analyst average estimate of 66.4%.
- Average Interest Earning Assets: $8.72 billion compared to the $8.84 billion average estimate based on two analysts.
- Total Non-Performing Loans: $34.40 million versus the two-analyst average estimate of $33.89 million.
- Net charge-offs / Avg. loans: 0.9% versus the two-analyst average estimate of 0.5%.
- Total Non-Performing Assets: $54.58 million versus the two-analyst average estimate of $51.73 million.
- Noninterest income: $19.61 million compared to the $15.17 million average estimate based on three analysts.
- Net interest income: $81.68 million versus $77.02 million estimated by three analysts on average.
View all Key Company Metrics for Amerant Bancorp Inc. here>>>Shares of Amerant Bancorp Inc. have returned -6.5% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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