Recent News
January 22, 2026 — Amerant published fourth-quarter and full-year 2025 results reporting $2.7 million in fourth-quarter net income and detailing elevated non‑interest expenses and credit‑normalization actions. The same day the board declared a $0.09 per‑share cash dividend payable February 27, 2026, and authorized a $40 million 2026 share repurchase program effective through December 31, 2026. December 30, 2025 — the company issued a year‑end credit‑risk update outlining intensified portfolio reviews, approximately $94 million of loans moved to held‑for‑sale and a non‑routine loan valuation loss tied to those actions.
Technical Analysis
ADX / DI+ / DI-: ADX at 13.22 indicates no dominant trend; DI+ shows a dip & reversal while DI- is decreasing, which together imply bullish directional pressure without strong trend strength.
MACD: MACD registered a dip & reversal and currently sits at -0.07 with the signal line at -0.13; the MACD has crossed above its signal line, which constitutes a bullish momentum signal.
MRO (Momentum/Regression Oscillator): MRO at -26.07 (negative) indicates the price sits below the model target and therefore suggests potential upside pressure as the oscillator reverts upward following its dip & reversal.
RSI: RSI 51.6 with a dip & reversal shows recent recovery from weaker levels and now resides in a neutral-to-constructive band that supports further upside if momentum holds.
Price vs. Moving Averages and Bands: Closing price $21.48 sits above the 200‑day average ($19.85) and the 20‑day average ($21.09), but slightly below the 50‑day average ($21.68); the 12‑day EMA shows a dip & reversal. Bollinger bands place price near the 1× upper band (upper 1× = $21.56), indicating proximity to short‑term resistance but not an extreme breakout.
Volume and Volatility: Daily volume (169,277) runs below recent averages (10‑day avg ~256,821; 50‑ and 200‑day averages higher), suggesting current moves lack strong conviction; 42‑day and 52‑week volatility metrics remain muted at ~2%.
Fundamental Analysis
Earnings & Surprise: Reported EPS $0.53 versus an estimate of $0.36 produced an EPS surprise of 47.22%, reflecting a meaningful upside to consensus for the quarter and a positive near‑term earnings signal.
Profitability & Returns: Net income for the period stood at $2.7M; return on assets registers at 0.027% and return on equity at 0.288%, both very low in absolute terms and showing QoQ declines (ROA QoQ -80.99%, ROE QoQ -81.56%). Full‑year 2025 returned to profitability with net income $52.4M, but quarterly metrics remain depressed amid restructuring and credit actions.
Capital & Liquidity: Book value per share $23.13 versus price $21.48 places the share price below book value; the price‑to‑book ratio equals 0.85 (P/B QoQ +1.04%, P/B YoY -20.19%). Debt‑to‑equity 0.9836 and debt‑to‑assets 9.445% reflect material leverage levels consistent with a regional bank balance sheet; debt ratios tightened QoQ.
Valuation Multiples: Trailing P/E 37.08 sits below the industry peer mean P/E (industry peer mean ~43.91 and median ~42.48) but above the industry peer low, indicating valuation below typical peer averages. Forward P/E 28.48 and forward PEG 0.79 suggest forward earnings expectations compress the multiple. Price‑to‑sales 8.28 and free cash flow yield 3.92% provide supplementary context for cash conversion and market pricing.
Revenue, Cash Flow & Coverage: Total revenue $96.39M with YoY revenue growth at -100.23% (reflecting year‑over‑year dynamics in the reported period); operating cash flow $36.48M and free cash flow $31.27M produce a free‑cash‑to‑net‑income ratio of 11.58, indicating strong cash conversion relative to reported net income in the period presented.
Asset Quality: Management disclosed elevated non‑performing assets and active remediation steps (loan sales and reclassifications). The year‑end credit actions reduced allowance usage but raised near‑term credit costs tied to marked loan sales and charge‑offs.
Dividend & Capital Actions: Board declared $0.09 per share dividend (payable February 27, 2026) and authorized a $40M repurchase program through year‑end 2026; dividend yield ~0.46% and dividend coverage metrics show payout considerations alongside share repurchase flexibility.
Valuation Summary: The current valuation as determined by WMDST classifies the stock as under‑valued, with price‑to‑book below the industry peer mean and P/E below the industry peer mean; those valuation cushions sit against low ROA/ROE and elevated credit remediation that require monitoring.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-22 |
| NEXT REPORT DATE: | 2026-04-23 |
| CASH FLOW | Begin Period Cash Flow | $ 630.9 M |
| Operating Cash Flow | $ 36.5 M | |
| Capital Expenditures | $ -5.21 M | |
| Change In Working Capital | $ 8.2 M | |
| Dividends Paid | $ -3.69 M | |
| Cash Flow Delta | $ -160.70 M | |
| End Period Cash Flow | $ 470.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 96.4 M | |
| Forward Revenue | $ 238.6 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 2.1 M | |
| Depreciation and Amortization | $ 2.1 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 147.2 M | |
| Interest Expense | $ 57.0 M | |
| Net Interest Income | $ 90.2 M | |
| Income Before Tax | $ 1.9 M | |
| Tax Provision | $ -794.00 K | |
| Tax Rate | 21.0 % | |
| Net Income | $ 2.7 M | |
| Net Income From Continuing Operations | $ 2.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.36 | |
| EPS Actual | $ 0.53 | |
| EPS Difference | $ 0.17 | |
| EPS Surprise | 47.222 % | |
| Forward EPS | $ 0.66 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 9.8 B | |
| Intangible Assets | $ 19.2 M | |
| Net Tangible Assets | $ 919.6 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 464.0 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | $ 342.0 M | |
| Total Debt | $ 923.4 M | |
| Total Liabilities | $ 8.8 B | |
| EQUITY | ||
| Total Equity | $ 938.8 M | |
| Retained Earnings | $ 619.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.13 | |
| Shares Outstanding | 40.595 M | |
| Revenue Per-Share | $ 2.37 | |
| VALUATION | Market Capitalization | $ 797.8 M |
| Enterprise Value | $ 1.7 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 17.857 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 10.414 | |
| Asset To Liability | 1.106 | |
| Debt To Capital | 0.496 | |
| Debt To Assets | 0.094 | |
| Debt To Assets QoQ | -5.037 % | |
| Debt To Assets YoY | 1463.742 % | |
| Debt To Assets IPRWA | high: 0.11 AMTB: 0.094 median: 0.054 mean: 0.049 low: -0.0 |
|
| Debt To Equity | 0.984 | |
| Debt To Equity QoQ | -10.228 % | |
| Debt To Equity YoY | 1363.705 % | |
| Debt To Equity IPRWA | high: 1.415 AMTB: 0.984 mean: 0.479 median: 0.466 low: -0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.85 | |
| Price To Book QoQ | 1.036 % | |
| Price To Book YoY | -20.192 % | |
| Price To Book IPRWA | high: 2.039 mean: 1.266 median: 1.205 AMTB: 0.85 low: 0.274 |
|
| Price To Earnings (P/E) | 37.078 | |
| Price To Earnings QoQ | -24.917 % | |
| Price To Earnings YoY | -17.627 % | |
| Price To Earnings IPRWA | high: 77.079 mean: 43.913 median: 42.476 AMTB: 37.078 low: 30.108 |
|
| PE/G Ratio | 1.033 | |
| Price To Sales (P/S) | 8.276 | |
| Price To Sales QoQ | 13.23 % | |
| Price To Sales YoY | -26.169 % | |
| Price To Sales IPRWA | high: 25.837 mean: 13.469 median: 12.554 AMTB: 8.276 low: 2.791 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 28.476 | |
| Forward PE/G | 0.793 | |
| Forward P/S | 3.344 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.01 | |
| Asset Turnover Ratio QoQ | -8.874 % | |
| Asset Turnover Ratio YoY | 14.371 % | |
| Asset Turnover Ratio IPRWA | high: 0.015 mean: 0.01 median: 0.01 AMTB: 0.01 low: 0.006 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.054 | |
| CapEx To Depreciation | -2.53 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.7 B | |
| Net Invested Capital | $ 1.7 B | |
| Invested Capital | $ 1.7 B | |
| Net Tangible Assets | $ 919.6 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 4.541 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.732 | |
| Dividend Payout Ratio | 1.367 | |
| Dividend Rate | $ 0.09 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -6.082 % | |
| Revenue Growth | -0.381 % | |
| Revenue Growth QoQ | -0.0 % | |
| Revenue Growth YoY | -100.226 % | |
| Revenue Growth IPRWA | high: 23.369 % mean: 3.45 % median: 2.519 % AMTB: -0.381 % low: -10.947 % |
|
| Earnings Growth | 35.897 % | |
| Earnings Growth QoQ | -213.674 % | |
| Earnings Growth YoY | -57.86 % | |
| Earnings Growth IPRWA | high: 44.444 % AMTB: 35.897 % mean: 3.236 % median: 1.481 % low: -25.0 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 31.3 M | |
| Free Cash Flow Yield | 3.92 % | |
| Free Cash Flow Yield QoQ | 31.367 % | |
| Free Cash Flow Yield YoY | -51.575 % | |
| Free Cash Flow Yield IPRWA | high: 6.244 % AMTB: 3.92 % median: 2.306 % mean: 2.178 % low: -1.861 % |
|
| Free Cash Growth | 31.862 % | |
| Free Cash Growth QoQ | -155.086 % | |
| Free Cash Growth YoY | -98.886 % | |
| Free Cash Growth IPRWA | high: 176.765 % AMTB: 31.862 % mean: -2.757 % median: -9.484 % low: -234.402 % |
|
| Free Cash To Net Income | 11.578 | |
| Cash Flow Margin | 4.939 % | |
| Cash Flow To Earnings | 1.763 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.027 % | |
| Return On Assets QoQ | -80.986 % | |
| Return On Assets YoY | -83.832 % | |
| Return On Assets IPRWA | high: 0.645 % mean: 0.311 % median: 0.311 % low: 0.049 % AMTB: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.003 | |
| Return On Equity QoQ | -81.562 % | |
| Return On Equity YoY | -84.81 % | |
| Return On Equity IPRWA | high: 0.047 mean: 0.028 median: 0.028 low: 0.006 AMTB: 0.003 |
|
| DuPont ROE | 0.287 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |