Amerant Bancorp Inc. (AMTB) Misses Q4 EPS by 13c
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Amerant Reports Fourth Quarter 2022 and Full-Year 2022 Results
January 19, 2023 5:15 PM ESTCORAL GABLES, Fla., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB) (the Company or Amerant) today reported net income attributable to the Company of $18.8 million in the fourth quarter of 2022 , or $0.55 per diluted share. Results in the fourth quarter reflect a provision for credit losses of $20.9 million, including the retroactive effect of the Current Expected Credit Loss (CECL) accounting standard for all previous quarterly periods in the year ended December 31, 2022 for an amount of approximately $11.1 million1. Net income attributable to the Company was $63.3 million for the full-year 2022, or $1.85 per diluted share.
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