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MIAMI - Amerant Bancorp Inc. (NYSE: NYSE:AMTB), the parent company of Amerant Bank, announced the addition of Lisa Lutoff-Perlo and Odilon Almeida Júnior to its Board of Directors. Jerry Plush, Chairman and CEO of Amerant Bancorp, expressed his confidence in the valuable experience and strategic vision the new board members bring to the table.
Lisa Lutoff-Perlo is recognized for her nearly four decades of leadership in the global hospitality industry. Her recent role as the President & CEO of the FIFA World Cup 2026™ Miami Host Committee concluded in November 2024. Lutoff-Perlo's extensive career includes a long tenure at the Royal Caribbean (NYSE:RCL) Group, where she most recently held the position of Vice Chairman of External Affairs and served as President and CEO of Celebrity Cruises from 2014 to 2023. She also holds a board position at AutoNation (NYSE: NYSE:AN) and is the Chair of the Board of Directors of the Hornblower Group.
Odilon Almeida Júnior brings to Amerant a wealth of global leadership experience, with more than ten years of service on various public and private company boards. He is currently engaged in private equity as the Managing Principal of AJ. Holdings Co. and an Operating Partner at Advent. Almeida's previous roles include President, Chief Executive Officer, and Board member of ACI Worldwide (NASDAQ: NASDAQ:ACIW), and a significant 17-year career at The Western Union Company (NYSE: NYSE:WU), culminating as President of Western Union Global Money Transfer. Under current market conditions, Western Union trades at an attractive P/E ratio of 5.32 and offers a substantial 9.04% dividend yield, with management actively buying back shares. According to InvestingPro analysis, Western Union appears undervalued, with several additional bullish indicators available to subscribers. He is also a board member of NCR (NYSE:VYX) Atleos (NYSE: NATL).
Amerant Bancorp Inc., headquartered in Coral Gables, Florida since 1979, operates through its subsidiaries, offering deposit, credit, and wealth management services to individuals and businesses. The Bank has a presence in Florida with 19 banking centers, including 18 in South Florida and one in Tampa. For detailed financial analysis and exclusive insights on Amerant Bancorp and over 1,400 other US stocks, visit InvestingPro, where you'll find comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence.
This expansion of Amerant's Board of Directors is part of the company's ongoing efforts to strengthen its leadership and ensure continued growth and success. The appointments are based on a press release statement from Amerant Bancorp Inc.
In other recent news, Western Union is experiencing significant shifts in its leadership and business operations. Mark Hinsey, the Chief Accounting Officer, announced his retirement, prompting the company to search for a suitable successor to uphold its financial reporting standards. Western Union also reported a solid third quarter in 2024, with revenues hitting $1.040 billion, marking a 1% adjusted revenue growth. The company's digital transactions saw a considerable increase of 15%, and the Consumer Money Transfer segment experienced a 4% rise in transactions.
Furthermore, Western Union has approved a new $1 billion stock repurchase program and declared a quarterly cash dividend of $0.235 per common share. The company also amended its by-laws, reducing disclosure obligations for shareholders nominating directors or proposing other business. RBC Capital Markets noted a positive trend in the Payments, Processors & IT Services sectors, with Western Union among the companies showing improvements.
The company is making progress with its Evolve 2025 strategy, targeting a flat to positive 2% revenue growth by 2025. For 2024, Western Union reaffirms its adjusted revenue outlook of $4.15 billion to $4.225 billion and adjusted EPS of $1.70 to $1.80. These are the recent developments in Western Union's operations.
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