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Profile: Amerant Bancorp Inc (AMTBB.OQ)

AMTBB.OQ on NASDAQ Stock Exchange Global Select Market

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Amerant Bancorp Inc., formerly Mercantil Bank Holding Corporation, incorporated on June 27, 1985, is a bank holding company. The Company operates through its subsidiary, Mercantil Bank, N.A (The Bank). The Bank provides individuals and businesses with a wide range of deposits, credit, banking, investment, wealth management and fiduciary services, both in the United States and to select international customers. The Bank’s primary markets are South Florida, where it operates over 15 banking centers in Miami-Dade, Broward and Palm Beach counties; the greater Houston, Texas area where it has seven banking centers in Harris and Montgomery counties; and the New York City area where it has a loan production office in Midtown Manhattan. The Bank provides a variety of banking services through traditional channels, such as banking centers and automotive teller machines (ATMs), as well as via Website, mobile devices and telephone. The Company operates through four segments, such as Personal and Commercial Banking (PAC), Corporate LATAM, Treasury and Institutional.

PAC Segment

The PAC segment includes the businesses of commercial real estate (CRE), middle market, commercial (both domestic and international), small business and individual clients (both domestic and international). The PAC segment is supported by the Bank’s 15 banking centers in Florida, seven in Texas and the loan production office in New York City, and a wide array of products and services offered by the Bank. In addition, PAC, in conjunction with its Treasury segment, participates in the sourcing and management of syndicated and purchased accounts receivable loans.

Corporate LATAM Segment

The Corporate LATAM serves financial institutions and a select number of companies in the target countries of Brazil, Chile, Peru, Colombia, and Mexico. This segment covers financial and insurance; chemical, mineral, and plastics; primary metal and machinery; food and beverage; and mining, quarrying, oil and gas extraction sectors.

Treasury Segment

Treasury segment manages certain elements of the Bank’s balance sheet, including the securities portfolio, the level and liquidity, overall duration, economic value of equity and asset-liability position. It derives revenue from its results from its securities portfolio management activities.

Institutional Segment

The activities of the Bank’s Institutional segment relate to institutional or corporate overhead activities, including those of the Trust Company and Investment Services. The Institutional segment is comprised of balances and results of Investment Services and the Trust Company, as well as general corporate activities.

Lending activities

The Company offers various types of loans including commercial real estate loans, that include a mix of variable and fixed rate CRE loans; owner occupied loans; single family residential loans; commercial loans; loans to financial institutions and acceptances, and consumer loans and overdrafts. As of March 31, 2018, the Bank had total of $5,950,450 loan portfolio.

Investment activities

The Bank invests in various categories of securities including in the United States Government agency debt, United States Government sponsored enterprise debt, United States treasury debt, mutual funds, and municipal bonds. As of March 31, 2018, the Bank had $ 1,827,477 of total investments.

Sources of funds

The Company offers a full range of deposit products and services, including a variety of checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture, online banking, mobile banking, e-statements and direct deposit services. The Company also offers business accounts and cash management services, including business checking and savings accounts and treasury management services for its commercial clients. The Company also focuses on cross-selling deposit products and services at loan origination and loans to its depository and other customers. As of March 31, 2018, the Bank had $6,280,206 in deposits.

Company Address

Amerant Bancorp Inc

220 Alhambra Cir
CORAL GABLES   FL   33134-5174
P: +1305.4604038

Company Web Links