Company Profile
- Amerant Bancorp Inc. (NASDAQ: AMTB) or (“Amerant” or “the company”), is a commercially oriented $10.2 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 the Tampa Bay area.
- 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 recent years, AMTB has derisked the balance sheet by…