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Amerant Bancorp Inc. (AMTB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   8-K8-K10-Q10-Q10-K8-K10-Q10-Q
    Interest income:  
        Interest income on loans    117.9110.0  214.0213.9
        Interest income on investments    17.816.1  32.335.5
         136.3126.3  246.6249.6
        Interest on borrowings    5.84.7  10.711.5
    Total interest expense    21.720.7  55.061.7
Net interest income  266.7240.3222.2213.2205.1198.0191.5187.9
Provision for loan losses     -31.5-21.5 13.0 
Net interest income after provision for loan losses  276.7266.8248.7244.7226.6203.0178.5121.3
        Other non-interest income  67.3120.2117.7120.5120.654.861.765.7
Total non-interest income  67.3120.2117.7120.5120.654.861.765.7
Non-interest expenses    123.1111.9  191.9177.5
Pre-tax income before non-recurring items  75.0152.8148.9156.0151.363.348.49.5
Non-recurring items    6.84.0    
Pre-tax income  68.2146.0142.1152.0151.363.348.49.5
Income taxes  6.039.739.742.141.88.18.60.1
            Tax rate  8.8%27.2%28.0%27.7%27.6%12.9%17.8%1.5%
Minority interest    -3.8-4.5-3.4 -0.8 
Net income  63.3110.0106.1114.4112.955.940.69.4
            Net margin  18.4%28.4%29.0%31.3%32.5%21.7%16.9%5.0%
   
Basic EPS  $1.87$3.16$2.97$3.12$3.03$1.45$1.03$0.23
Diluted EPS  $1.85$3.14$2.95$3.10$3.00$1.45$1.02$0.23
   
Shares outstanding (basic)  33.934.835.736.637.338.539.640.7
Shares outstanding (diluted)  34.135.136.037.037.638.739.840.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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