Amerant Reports Q4 2022 Earnings, with Total Assets Surpassing $9 Billion
CORAL GABLES, FL – Today, Amerant Bancorp Inc. (NASDAQ: AMTB), the bank holding company through which its main subsidiary, Amerant Bank, operates, released its Q4 2022 earnings, announcing increases in total assets, total gross loans and total deposits, citing several key actions taken to drive profitability.
With plans underway to open banking centers in key locations, including Downtown Miami, Key Biscayne, and Las Olas, and the addition of high-quality business development personnel in domestic retail, private, and commercial banking and wealth management, the company intends to continue investing for future growth.
“We are pleased to again report strong asset, deposit and revenue growth this quarter,” said Jerry Plush, Amerant Chairman and CEO. “Our team delivered, building on the upward momentum we have shown throughout 2022.”
Regarding the company’s digital transformation efforts, the team led by recently appointed Chief Digital Officer Mark Jaundoo is working to greatly enhance Amerant’s information and data evaluation capabilities. Called Harmony, the program is intended to make far more information readily available when interacting with customers and potential clients, as well as for management purposes, with the goal of enhancing the overall customer experience.
Another key highlight from the earnings report is on the partnership front. As the official bank for the Florida Panthers and FLA Live Arena and the Miami Heat, Amerant also announced that these partners are now some of the bank’s newest customers.
To view the full earnings release, visit: investor.amerantbank.com.
About Amerant Bank
Amerant Bank, N.A., is one of the largest community banks headquartered in Florida and main subsidiary of Amerant Bancorp Inc. (NASDAQ: AMTB), with 17 banking centers in South Florida and 7 in Houston, TX. The bank has been serving clients for over 40 years, both domestically and abroad, and comprises subsidiaries Amerant Investments and Amerant Mortgage. Rooted in the communities it serves, Amerant Bank supports numerous non-profit, charitable and arts organizations. For news and updates, visit the Amerant Newsroom.