We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amerant Bancorp (AMTB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
Amerant Bancorp Inc. (AMTB - Free Report) reported $98.78 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 10.6%. EPS of $0.28 for the same period compares to $0.24 a year ago.
The reported revenue represents a surprise of +5.99% over the Zacks Consensus Estimate of $93.19 million. With the consensus EPS estimate being $0.35, the EPS surprise was -20.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amerant Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net charge-offs / Average total loans held for investment: 1.1% versus 0.5% estimated by three analysts on average.
Efficiency Ratio: 74.2% versus the three-analyst average estimate of 72.3%.
Net interest margin: 3.6% compared to the 3.5% average estimate based on three analysts.
Average Balances - Total interest-earning assets: $8.97 billion compared to the $8.97 billion average estimate based on two analysts.
Total Non-Performing Loans: $100.95 million compared to the $33.48 million average estimate based on two analysts.
Total Non-Performing Assets: $121.13 million versus the two-analyst average estimate of $53.32 million.
Noninterest income: $19.42 million compared to the $15.07 million average estimate based on three analysts.
Net interest income: $79.36 million versus the three-analyst average estimate of $78.13 million.
Shares of Amerant Bancorp have returned +27.6% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Amerant Bancorp (AMTB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Amerant Bancorp Inc. (AMTB - Free Report) reported $98.78 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 10.6%. EPS of $0.28 for the same period compares to $0.24 a year ago.
The reported revenue represents a surprise of +5.99% over the Zacks Consensus Estimate of $93.19 million. With the consensus EPS estimate being $0.35, the EPS surprise was -20.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amerant Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-offs / Average total loans held for investment: 1.1% versus 0.5% estimated by three analysts on average.
- Efficiency Ratio: 74.2% versus the three-analyst average estimate of 72.3%.
- Net interest margin: 3.6% compared to the 3.5% average estimate based on three analysts.
- Average Balances - Total interest-earning assets: $8.97 billion compared to the $8.97 billion average estimate based on two analysts.
- Total Non-Performing Loans: $100.95 million compared to the $33.48 million average estimate based on two analysts.
- Total Non-Performing Assets: $121.13 million versus the two-analyst average estimate of $53.32 million.
- Noninterest income: $19.42 million compared to the $15.07 million average estimate based on three analysts.
- Net interest income: $79.36 million versus the three-analyst average estimate of $78.13 million.
View all Key Company Metrics for Amerant Bancorp here>>>Shares of Amerant Bancorp have returned +27.6% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.