Amerant Bancorp Inc. (NYSE: AMTB) or (“the company”), is a commercially oriented $9.9 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.
From 1987 until 2018, the company operated as a wholly owned subsidiary of Mercantil Servicios Financieros, C.A. (“Mercantil”), a Venezuela-based financial services group. Beginning in 2015, the bank initiated a strategic transformation focused on becoming a full-service domestic community bank. In 2018, the company completed its separation from Mercantil through a public stock offering and subsequently adopted the Amerant brand. Since the transition, Amerant has implemented a community bank-oriented, spread-based business model while continuing to view Venezuela as a long-term growth opportunity given its established expertise…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.