Company Profile
- Amerant Bancorp Inc. (NASDAQ: AMTB) or (“the company”), is a commercially oriented $9.8 billion bank holding company for Amerant Bank (“Amerant” or “the bank”) based in Coral Gables, FL with a branch network focused on serving the community banking needs of Southern Florida including a more recent expansion into central Florida. In 2Q24, the company announced its exit from the Houston, TX market.
- From 1987 to 2018, the company was a wholly owned subsidiary of Mercantil Servicios Financieros, C.A. (“Mercantil”), a Venezuelan domiciled financial group. The bank began its transformation in 2015, focused on becoming a full-service domestic community bank. In 2018, the bank completed its separation from Mercantil with a public stock offering.
- Post-IPO, Amerant has implemented a community bank-oriented spread-based model while also providing wealth management services and supporting international customers outside of the Venezuelan focus.
- In…