|
Other operating expenses
|
|
$15.6m
|
$10.4m
|
$15.4m
|
$7.7m
|
$11.7m
|
$10.7m
|
$21.1m
|
$18.1m
|
$28.1m
|
|
Loans
|
|
$223.8m
|
$257.6m
|
$263.0m
|
$220.9m
|
$216.1m
|
$293.2m
|
$475.4m
|
$505.5m
|
$479.4m
|
|
Investment securities
|
|
$47.9m
|
$49.2m
|
$47.2m
|
$39.0m
|
$31.5m
|
$41.4m
|
$54.9m
|
$67.3m
|
$95.9m
|
|
Interest earning deposits with banks and other interest income
|
|
$1.6m
|
$2.5m
|
$2.8m
|
$633k
|
$247k
|
$4.2m
|
$18.3m
|
$22.8m
|
$22.1m
|
|
Interest bearing demand, savings and money market deposits
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$104.9m
|
$125.1m
|
$114.0m
|
|
Time deposits
|
|
$26.8m
|
$42.2m
|
$51.8m
|
$45.8m
|
$23.8m
|
$22.1m
|
$78.8m
|
$105.8m
|
$86.9m
|
|
Advances from the Federal Home Loan Bank
|
|
$18.2m
|
$26.5m
|
$24.3m
|
$13.2m
|
$8.6m
|
$15.1m
|
$28.8m
|
$29.3m
|
$29.3m
|
|
Senior notes
|
|
$209.7m
|
$0
|
$0
|
$2.0m
|
$3.8m
|
$3.8m
|
$3.8m
|
$3.8m
|
$1.0m
|
|
Subordinated notes
|
|
$1
|
$219.0m
|
$213.1m
|
$0
|
$0
|
$1.2m
|
$1.4m
|
$1.4m
|
$1.4m
|
|
Junior subordinated debentures
|
|
$7.5m
|
$8.1m
|
$7.2m
|
$2.5m
|
$2.4m
|
$3.0m
|
$4.3m
|
$4.2m
|
$4.1m
|
|
Securities sold under agreements to repurchase
|
|
$1.9m
|
$6k
|
$5k
|
$1k
|
$1k
|
$1k
|
$7k
|
$3k
|
$2k
|
|
Net interest income
|
|
$209.7m
|
$219.0m
|
$213.1m
|
$189.6m
|
$205.1m
|
$266.7m
|
$326.5m
|
$326.0m
|
$360.7m
|
|
Provision for credit losses
|
|
($3.5m)
|
$375k
|
($3.1m)
|
$88.6m
|
($16.5m)
|
$13.9m
|
$61.3m
|
$60.5m
|
$42.6m
|
|
Net interest income after provision for credit losses
|
|
$213.2m
|
$218.7m
|
$216.2m
|
$100.9m
|
$221.6m
|
$252.7m
|
$265.2m
|
$265.5m
|
$318.1m
|
|
Deposits and service fees
|
|
$19.6m
|
$17.8m
|
$17.1m
|
$15.8m
|
$17.2m
|
$18.6m
|
$19.4m
|
$20.2m
|
$20.1m
|
|
Brokerage, advisory and fiduciary activities
|
|
$20.6m
|
$16.8m
|
$14.9m
|
$16.9m
|
$18.6m
|
$17.7m
|
$17.1m
|
$18.0m
|
$20.0m
|
|
Gain on early extinguishment of advances from the Federal Home Loan Bank, net
|
|
$0
|
$882k
|
($886k)
|
($73k)
|
($2.5m)
|
$10.7m
|
$40.1m
|
$1.6m
|
$12k
|
|
Loan level derivative income
|
|
$209.7m
|
$1
|
$5.1m
|
$3.2m
|
$4.0m
|
$10.4m
|
$4.6m
|
$7.0m
|
$8.5m
|
|
Change in cash surrender value of bank owned life insurance
|
|
$5.5m
|
$5.8m
|
$5.7m
|
$5.7m
|
$5.5m
|
$5.4m
|
$5.2m
|
$9.3m
|
$10.1m
|
|
Cards and trade finance servicing fees
|
|
$4.6m
|
$4.4m
|
$3.9m
|
$1.3m
|
$1.8m
|
$2.3m
|
$3.1m
|
$5.5m
|
$6.0m
|
|
Derivative (losses) gains, net
|
|
$1
|
$219.0m
|
$1
|
$0
|
$0
|
$455k
|
$28k
|
($196k)
|
($3.4m)
|
|
Securities gains (losses), net
|
|
($1.6m)
|
($999k)
|
$2.6m
|
$27.0m
|
$3.7m
|
($3.7m)
|
($11.0m)
|
($76.9m)
|
$5.1m
|
|
Gain on sale of Houston Franchise
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$12.6m
|
$0
|
|
Other noninterest income
|
|
$19.3m
|
$6.6m
|
$12.8m
|
$6.7m
|
$10.0m
|
$5.5m
|
$9.1m
|
$12.7m
|
$12.1m
|
|
Salaries and employee benefits
|
|
$131.8m
|
$141.8m
|
$137.4m
|
$111.5m
|
$117.6m
|
$123.5m
|
$133.5m
|
$137.1m
|
$143.2m
|
|
Occupancy and equipment
|
|
$17.4m
|
$16.5m
|
$16.2m
|
$17.6m
|
$20.4m
|
$27.4m
|
$27.8m
|
$27.1m
|
$22.6m
|
|
Professional and other services fees
|
|
$16.4m
|
$19.1m
|
$16.1m
|
$13.5m
|
$19.9m
|
$22.1m
|
$34.6m
|
$51.1m
|
$61.1m
|
|
Telecommunication and data processing
|
|
$9.8m
|
$12.4m
|
$13.1m
|
$12.9m
|
$14.9m
|
$14.7m
|
$15.5m
|
$12.2m
|
$13.1m
|
|
FDIC assessments and insurance
|
|
$7.6m
|
$6.2m
|
$4.0m
|
$6.1m
|
$6.4m
|
$6.6m
|
$10.6m
|
$11.6m
|
$11.4m
|
|
Depreciation and amortization
|
|
$9.0m
|
$8.5m
|
$7.1m
|
$9.4m
|
$7.3m
|
$5.9m
|
$6.8m
|
$6.6m
|
$6.7m
|
|
Noncontrolling interest
|
|
—
|
—
|
$0
|
$0
|
($2.6m)
|
($1.3m)
|
($1.7m)
|
$0
|
$0
|
|
Net unrealized holding gains (losses) on debt securities available for sale arising during the period
|
|
$3.6m
|
($15.3m)
|
$32.8m
|
$39.9m
|
($13.0m)
|
($97.2m)
|
$9.4m
|
($19.5m)
|
$40.8m
|
|
Net unrealized holding gains (losses) on cash flow hedges arising during the period
|
|
$152k
|
$2.7m
|
$287k
|
($1.7m)
|
$137k
|
$220k
|
($15k)
|
$230k
|
$357k
|
|
Other comprehensive income
|
|
$4.6m
|
($12.0m)
|
$31.4m
|
$18.4m
|
($16.4m)
|
($95.9m)
|
$9.8m
|
$31.0m
|
$38.9m
|
|
Comprehensive income
|
|
$47.6m
|
$33.8m
|
$82.7m
|
$16.7m
|
$96.5m
|
($32.5m)
|
$42.3m
|
$15.2m
|
$91.3m
|
|
Total interest income
|
|
$273.3m
|
$309.4m
|
$313.0m
|
$260.6m
|
$247.8m
|
$338.8m
|
$548.6m
|
$595.6m
|
$597.4m
|
|
Total noninterest income
|
|
$71.5m
|
$53.9m
|
$57.1m
|
$73.5m
|
$120.6m
|
$67.3m
|
$87.5m
|
$9.9m
|
$78.6m
|
|
Net income (loss) attributable to Amerant Bancorp Inc.
|
|
$43.1m
|
$45.8m
|
$51.3m
|
($1.7m)
|
$112.9m
|
$63.3m
|
$32.5m
|
($15.8m)
|
$52.4m
|
|
Reclassification adjustment for items included in net income
|
|
$833k
|
$571k
|
($2.6m)
|
($19.8m)
|
($3.6m)
|
$1.1m
|
$497k
|
$50.3m
|
($2.3m)
|
|
Net income (loss) before attribution of noncontrolling interest
|
|
—
|
—
|
$51.3m
|
($1.7m)
|
$110.3m
|
$62.0m
|
$30.8m
|
($15.8m)
|
$52.4m
|
|
Basic Earnings (loss) per common share (in dollars per share)
|
|
$1.01
|
$1.08
|
$1.21
|
($0.04)
|
$3.04
|
$1.87
|
$0.97
|
($0.44)
|
$1.26
|
|
Diluted Earnings (loss) per common share (in dollars per share)
|
|
$1.01
|
$1.08
|
$1.20
|
($0.04)
|
$3.01
|
$1.85
|
$0.96
|
($0.44)
|
$1.26
|
|
Advertising expenses
|
|
—
|
$1
|
$213.1m
|
$1.6m
|
$3.4m
|
$11.6m
|
$12.8m
|
$14.5m
|
$16.0m
|
|
Loan level derivative expense
|
|
—
|
—
|
$1
|
$330k
|
$815k
|
$8.1m
|
$1.9m
|
$2.4m
|
$4.2m
|
|
Contract termination costs
|
|
—
|
—
|
—
|
$0
|
$0
|
$7.1m
|
$1.6m
|
$0
|
$7.5m
|
|
Other real estate owned and repossessed assets expense, net
|
|
—
|
—
|
—
|
$189.6m
|
$0
|
$3.4m
|
$2.1m
|
$4.8m
|
$851k
|
|
Losses on loans held for sale carried at the lower of cost or fair value
|
|
—
|
—
|
—
|
($0)
|
$0
|
$159k
|
$43.1m
|
$13.9m
|
$15.7m
|
|
Income (loss) before income tax expense (benefit)
|
|
—
|
—
|
$64.0m
|
($4.3m)
|
$144.0m
|
$78.6m
|
$41.3m
|
($24.1m)
|
$66.1m
|
|
Income tax (expense) benefit
|
|
($34.0m)
|
($11.7m)
|
($12.7m)
|
$2.6m
|
($33.7m)
|
($16.6m)
|
($10.5m)
|
$8.3m
|
($13.7m)
|
|
Total interest expense
|
|
$63.6m
|
$90.3m
|
$99.9m
|
$71.0m
|
$42.7m
|
$72.1m
|
$222.1m
|
$269.6m
|
$236.7m
|
|
Total noninterest expenses
|
|
$207.6m
|
$215.0m
|
$209.3m
|
$178.7m
|
$198.2m
|
$241.4m
|
$311.4m
|
$299.5m
|
$330.6m
|