Amerant Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

• Amerant Bancorp Inc AMTB.N reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of five analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 24 cents to 38 cents per share.

• Revenue rose 9.9% to $111.32 million from a year ago; analysts expected $100.64 million.

• Amerant Bancorp Inc's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $16.88 million.

• Amerant Bancorp Inc shares had risen by 1.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Amerant Bancorp Inc is $25.00

This summary was machine generated from LSEG data January 22 at 11:17 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)