Amerant Bancorp Inc. Announces Successful Completion of Share Repurchase Program
19 Mayo 2022 - 4:00PM
Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company” or “Amerant”)
today announced that it successfully completed its previously
announced $50 million Repurchase Program for its shares of Class A
Common Stock (the “Class A Shares”).
Jerry Plush, Vice Chairman, President and CEO,
said, “We are pleased to announce the successful completion of our
second buyback program. Along with the recent declaration and
payment of cash dividends, these actions demonstrate our commitment
to efficiently manage the Company’s capital levels while increasing
total return to our shareholders.”
Under the second Repurchase Program launched on February
1, 2022, the Company repurchased 1,602,887 Class A Shares,
including 611,525 Class A Shares since March 31, 2022. The
Company has now completed two consecutive $50 million buyback
programs for its Class A Shares and has repurchased an aggregate
3,148,399 Class A Shares since mid-November 2021, when the Company
announced the successful conversion to one class of common
stock.
About Amerant Bancorp Inc. (NASDAQ:
AMTB)
Amerant Bancorp Inc. is a bank holding company
headquartered in Coral Gables, Florida since 1979. The Company
operates through its main subsidiary, Amerant Bank, N.A. (the
“Bank”), as well as its other subsidiaries: Amerant Investments,
Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC. The
Company provides individuals and businesses in the U.S., as well as
select international clients, with deposit, credit and wealth
management services. The Bank, which has operated for over 40
years, is the largest community bank headquartered in Florida. The
Bank operates 24 banking centers – 17 in South Florida and 7 in
Houston, Texas. For more information, visit
investor.amerantbank.com.
Cautionary Notice Regarding
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Securities Act of 1933 and
the Securities Exchange Act of 1934, including statements regarding
the increase of total return to shareholders as well as statements
with respect to the Company’s objectives, expectations and
intentions and other statements that are not historical facts. All
statements other than statements of historical fact are statements
that could be forward-looking statements. You can identify these
forward-looking statements through our use of words such as “may,”
“will,” “anticipate,” “assume,” “should,” “indicate,” “would,”
“believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,”
“point to,” “project,” “could,” “intend,” “target,” “goals,”
“outlooks,” “modeled,” “dedicated,” “create,” and other similar
words and expressions of the future.
Forward-looking statements, including those as
to our beliefs, plans, objectives, goals, expectations,
anticipations, estimates and intentions, involve risks,
uncertainties and other factors, which may be beyond our control,
and which may cause the Company’s actual results, performance,
achievements, or financial condition to be materially different
from future results, performance, achievements, or financial
condition expressed or implied by such forward-looking statements.
You should not rely on any forward-looking statements as
predictions of future events. You should not expect us to update
any forward-looking statements, except as required by law. All
written or oral forward-looking statements attributable to us are
expressly qualified in their entirety by this cautionary notice,
together with those risks and uncertainties described in “Risk
factors” in our annual report on Form 10-K for the fiscal year
ended December 31, 2021, in our quarterly report on Form 10-Q for
the quarter ended March 31, 2022 and in our other filings with the
U.S. Securities and Exchange Commission (the “SEC”), which are
available at the SEC’s website www.sec.gov.
CONTACTS:InvestorsLaura
RossiInvestorRelations@amerantbank.com(305) 460-8728
MediaSilvia M. LarrieuMediaRelations@amerantbank.com(305)
441-8414
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