Amerant Bancorp Inc. has recently released its 10-K report, offering a comprehensive look into its financial performance and business operations. The company, which operates as the bank holding company for Amerant Bank, N.A., provides a wide range of banking products and services to individuals and businesses in the United States and internationally. These services include checking, savings, business, and money market accounts, as well as various types of loans, trust and estate planning products, brokerage and investment advisory services, wealth management, and fiduciary services. Additionally, the company offers debit and credit cards, night depositories, direct deposits, and online and mobile banking services, among others. Amerant Bancorp Inc. operates banking centers in Florida and Texas and was founded in 1979.
In its 10-K report, Amerant Bancorp Inc. emphasized the management’s discussion and analysis of financial condition and results of operations. The company evaluates and manages its results of operations based on factors such as net interest income, noninterest income and expenses, and indicators of financial performance including return on assets (ROA) and return on equity (ROE). Net interest income, which represents interest income less interest expense, is a significant contributor to the company's revenues and net income. Amerant Bancorp Inc. measures and monitors various aspects related to net interest income, including yields on loans and other interest-earning assets, costs of deposits and other funding sources, net interest spread, net interest margin, and provisions for credit losses.
Noninterest income, another important factor for the company, includes service fees on deposit accounts, income from brokerage, advisory and fiduciary activities, benefits from bank-owned life insurance policies, card and trade finance servicing fees, securities gains or losses, and other sources of income. Noninterest expenses, which generally increase as the business grows, include salaries and employee benefits, occupancy and equipment expenses, professional and other services fees, loan-level derivative expenses, FDIC deposit and business insurance assessments and premiums, telecommunication and data processing expenses, depreciation and amortization, advertising and marketing expenses, and other operating expenses.
Amerant Bancorp Inc. also evaluates and manages its financial condition based on asset quality, capital, and liquidity. The company manages the diversification and quality of its assets, including problem assets categorized as classified, delinquent, nonaccrual, nonperforming, and restructured assets. Additionally, the company manages the adequacy of its allowance for credit losses, the diversification and quality of loan and investment portfolios, and the extent of market risk exposure.
The 10-K report provides a detailed insight into Amerant Bancorp Inc.'s financial performance and business operations, offering investors and stakeholders a comprehensive understanding of the company's position in the market. Following these announcements, the company's shares moved -0.5%, and are now trading at a price of $22.03. For more information, read the company's full 10-K submission here.
