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Amerant Bancorp Inc. (NYSE:AMTB), a Florida-based financial institution with a market capitalization of $728 million, announced on Wednesday an expansion of its stock repurchase plan. Trading at $17.41, slightly above InvestingPro’s Fair Value estimate, the company’s shares have declined nearly 30% over the past six months. The Board of Directors has approved an increase in the buyback authorization, now allowing the company to repurchase up to $25 million of its Class A common stock.
The repurchase program, which is set to expire at the end of the year on December 31, 2025, may be executed through various methods. These include open market purchases, block transactions, privately negotiated deals, or other means that comply with SEC Rule 10b-18.
The timing and volume of repurchases will be contingent upon several factors, such as market conditions, regulatory requirements, and other corporate considerations. Amerant Bancorp may also use a Rule 10b5-1 plan, enabling stock repurchases during periods when trades might otherwise be restricted.
The company clarified that the repurchase program does not commit it to buy back any specific number of shares. The program can be suspended or discontinued at any time without prior notice.
This announcement follows Amerant Bancorp Inc.’s strategic efforts to manage capital and return value to its shareholders. The information disclosed is based on the company’s recent filing with the Securities and Exchange Commission.
In other recent news, Amerant Bancorp Inc reported its first-quarter 2025 earnings, revealing a shortfall in earnings per share (EPS) compared to analyst expectations. The company posted an EPS of $0.28, falling short of the forecasted $0.40. However, Amerant Bancorp exceeded revenue expectations, reporting $105.43 million against a forecast of $101.91 million. The company also noted a strategic shift to focus on the Florida mortgage market, which is anticipated to positively impact non-interest income and expenses.
Amerant Bancorp’s total assets increased to $10.2 billion, up from $9.9 billion in the previous quarter, while total deposits rose by $300 million to $8.2 billion. Despite these positive developments, the company’s stock experienced a decline following the earnings report. Analyst firms have not announced any upgrades or downgrades for Amerant Bancorp, but the company remains optimistic about achieving a 1% return on assets in the latter half of 2025.
Additionally, Amerant Bancorp has strengthened its risk management team with new executive hires, including a new Chief Credit Officer. The company continues to focus on sustainable growth and maintaining a relationship-focused banking model. These recent developments highlight Amerant Bancorp’s ongoing efforts to navigate the current economic landscape and position itself for future growth.
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