Amerant Bancorp Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Amerant Bancorp Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	46.9	63.6	90.3	99.9	71	42.7	72.1	222
Pre-tax income	33.8	77	57.6	64	-4.33	144	78.6	41.3	-24.1	66.1
Income tax	10.2	34	11.7	12.7	-2.61	33.7	16.6	10.5	-8.33	13.7
Net income to minority interests				0	0	-2.61	-1.35	-1.7	0	0
Net income	23.6	43.1	45.8	51.3	-1.72	113	63.3	32.5	-15.8	52.4
EPS, basic	0.55	1.01	1.08	1.21	-0.04	3.04	1.87	0.97	-0.44	1.26
EPS, diluted	0.55	1.01	1.08	1.20	-0.04	3.01	1.85	0.96	-0.44	1.26
Shares, basic (weighted)	42.5	0.04	0.04	0.04	41.7	37.2	33.9	33.5	35.8	41.6
Shares, diluted (weighted)	42.5	0.04	0.04	0.04	41.7	37.5	34.1	33.7	35.8	41.7

Balance sheet

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	135	153	85.7	121	214	274	291	322	590	470
Property, plant and equipment		129	124	129	110	37.9	41.8	43.6	31.8	23
Lease right-of-use assets					0	141	140	118	100	111
Goodwill		19.2	19.2	19.5	19.5	19.5	19.5	19.2	19.2	19.2
Total assets		8,437	8,124	7,985	7,771	7,638	9,128	9,716	9,902	9,777
Lease liabilities					0	137	140	123	106	117
Total liabilities		7,683	7,377	7,151	6,987	6,807	8,422	8,980	9,011	8,838
Paid-in capital		368	385	419	306	263	195	193	344	316
Retained earnings		388	394	444	442	553	590	611	582	620
Treasury stock		0	-17.9	-46.4	0
Other comprehensive income		-6.13	-18.2	13.2	31.7	15.2	-80.6	-70.8	-39.8	-0.88
Shareholders' equity	705	753	747	835	783	832	706	736	890	939
Minority interests					0	2.61	2.09	0
Total equity	705	753	747	835	783	834	706	736	890	939
Total liabilities and equity		8,437	8,124	7,985	7,771	7,638	9,128	9,716	9,902	9,777
Shares outstanding						35.9	33.8			40.6

Cash flow statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	23.6	43.1	45.8	51.3	-1.72	110	62	30.8	-15.8	52.4
Depreciation and amortization	9.13	9.04	8.54	7.09	9.39	7.27	5.88	6.84	6.6	6.69
Stock-based compensation	0	0	0.17	6.37	2.31	4.78	5.79	6.78	5.05	4.98
Deferred income tax	-1.61	3.47	2.47	0.67	-12.2	5.8	-0.1	-10.5	-8.3	4.62
Change in payables	16.9	14.4	-8.9	-3.28	-13.4	35	21.1	4.15	-3.61	-20.5
Cash from operations	75.3	73.3	62.2	78.4	57.2	67.4	-49.2	26.7	82.2	137
Capital expenditures	-8.54	-8.61	-10	-14.3	-5.57	-6.58	-10.6	-10.9	-7.4	-7.75
Acquisitions		0	0	-14.4	0	-1.04	0	-1.97	0	0
Purchases of investments	-1,137	-363	-244	-489	-409	-531	-457	-350	-787	-1,186
Sales and maturities of investments	1,030	686	312	549	816	532	292	218	747	654
Cash from investing	-322	7.57	207	206	286	385	-1,397	-607	-577	-47.8
Debt issued			0	0	58.4	0	0
Debt repaid								0	0	-60
Stock issued	0	0	17.9	29.2	0	0	0	0	156	0
Share buybacks	0	0	-17.9	0	0	-36.3	-72.1	-4.93	-7.56	-33
Dividends paid	0	0	-40	0	0	0	-12.2	-12.1	-12.8	-15.1
Cash from financing	244	-62.4	-336	-249	-251	-393	1,463	611	763	-209
Net change in cash	-3.29	18.5	-67.7	35.6	93.1	59.8	16.4	31.3	268	-120
Free cash flow	66.7	64.7	52.1	64.1	51.7	60.9	-59.8	15.8	74.8	129
Interest paid	46.1	61.6	89.3	100	73.3	46.3	67.3	212	272	239
Income taxes paid	9.26	18.9	19	7.54	10.6	14.5	27.5	25	4.86

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $29.57 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	20.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.5%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income CAGR, 3y	-6.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y	-12.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	66.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	19.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	72.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	20.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	5.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	3.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-1.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	16.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	6.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	91.1%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$895.2M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	185.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	4.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.43	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$2.64	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.77	Cash from operations / diluted weighted shares.
Book value per share	$23.33	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$22.84	Tangible book value / shares outstanding.
Cash per share	$7.68	(Cash + short-term investments) / shares outstanding.
Payout ratio	26.2%	Dividends paid / net income, when net income is positive.
Dividends / FCF	14.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	55.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.16B	Share price x shares outstanding.
Enterprise value	$857.7M	Market cap + total debt - cash - short-term investments.
P/E	20.6x	Market cap / net income. Only when net income is positive.
P/B	1.27x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.29x	Market cap / tangible book value, when positive.
P/FCF	11.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	10.6x	Market cap / cash from operations, when positive.
EV/FCF	8.21x	Enterprise value / free cash flow, when both are positive.
FCF yield	9.0%	Free cash flow / market cap.
Earnings yield	4.9%	Net income / market cap (the inverse of P/E).
Dividend yield	1.3%	Dividends paid over the period / market cap.
Shareholder yield	6.3%	(Dividends paid + share buybacks) / market cap.

Was Amerant Bancorp Inc. profitable in fiscal 2025?

Yes. Net income was $52.4M, a net margin of -.

How much free cash flow did Amerant Bancorp Inc. generate in fiscal 2025?

Cash from operations of $137.0M minus capital expenditures of $7.7M left free cash flow of $129.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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