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Stock impact report

Amerant Reports Third Quarter 2024 Results

Amerant Bancorp Inc. (AMTB) 
Last amerant bancorp inc. earnings: 4/28 06:30 am Check Earnings Report
Company Research Source: Business Wire
Board of Directors Declares Quarterly Cash Dividend of $0.09 per Common Share CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today reported a net loss attributable to the Company of $48.2 million in the third quarter of 2024, or $1.43 loss per diluted share, compared to net income of $5.0 million, or $0.15 income per diluted share, in the second quarter of 2024.On September 27, 2024, the Company completed a public offering of 8,684,210 shares of its Class A voting common stock, at a price to the public of $19.00 per share, which included 784,210 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offer were approximately $165 million, with net proceeds of approximately $155.8 million, which the Company intends to use for general corporate purposes to support its continued organic growth, which may include, among other things, Show less Read more
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