AMTB: Amerant extends $50M buyback to 2027, declares $0.09 dividend
Board raised buyback to $50M and extended it to Dec 2027; $0.09 quarterly dividend declared; $1.8M fintech impairment in 9M.
What this filing says
Amerant Bancorp's latest quarterly filing says its board extended the stock repurchase program through December 31, 2027 and raised the authorized amount from $40 million to $50 million, with about $3 million remaining before the increase. The board also declared a $0.09 per share cash dividend payable November 27, 2026, and the filing discloses a $1.8 million impairment on a fintech equity investment for the first nine months of 2026.
Key figures
- Buyback authorization
- $50 million
- Prior buyback authorization
- $40 million
- Remaining before increase
- approximately $3 million
- Quarterly cash dividend
- $0.09 per share
- Fintech impairment, nine months
- $1.8 million
- Day 1 allowance on acquired loans, nine months
- $4.8 million
Positive for shareholders
- The board raised the buyback authorization and extended its term, signaling continued capital return to shareholders.
- A $0.09 per share cash dividend was declared, payable November 27, 2026.
Negative for shareholders
- A $1.8 million impairment was recorded on a fintech equity investment during the first nine months of 2026.
- The company recorded $4.8 million of allowance for credit losses on purchased seasoned loans acquired in the first nine months of 2026.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Stock repurchase program:
- An authorization that lets a company buy back its own shares in the market, reducing the number of shares outstanding.
- Impairment charge:
- A non-cash reduction in the recorded value of an asset when it is judged to be worth less than its carrying amount.
- Purchased seasoned loans (PSLs):
- Loans bought by a bank after they were originated, typically at least 90 days earlier, which are recorded at purchase price plus an allowance for expected losses.
- Allowance for credit losses:
- A reserve a bank sets aside to cover loans it expects may not be fully repaid.
FAQ
How much can Amerant Bancorp now spend on share buybacks?
The board raised the Stock Repurchase Program from $40 million to $50 million and extended its end date from December 31, 2026 to December 31, 2027. Before the increase, about $3 million remained available.
What dividend did Amerant Bancorp declare?
The board declared a cash dividend of $0.09 per share, payable November 27, 2026, to shareholders of record at the close of business on November 13, 2026.
Did Amerant Bancorp record any investment write-downs this year?
Yes, it recorded a $1.8 million impairment on its equity investment in a fintech during the nine months ended September 30, 2026, but no significant impairment in the three months ended September 30, 2026.
Historical context for AMTB
Across the 22 sessions after earlier AMTB headlines, the stock closed higher 13 times and lower 9 times, with a median move of 1.9% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | AMTB | SPY |
|---|---|---|---|
| Oct 23, 2026 | Amerant Reports Third Quarter 2026 Resultsand 1 other headline that session | +1.3% | -0.5% |
| Oct 1, 2026 | Amerant Bancorp Inc. to Announce Third Quarter 2026 Financial Results and Host Conference Call | +2.4% | +0.2% |
| Sep 18, 2026 | Amerant Bancorp Inc. Announces Closing of Senior Notes Due 2031 | +0.7% | -0.1% |
| Sep 15, 2026 | Amerant Bancorp Inc. Announces Pricing of Senior Notes Due 2031 | +1.0% | -0.5% |
| Sep 14, 2026 | Amerant Bancorp Inc. Announces Offering of Senior Notes Due 2031 | +0.8% | -0.4% |
| Aug 12, 2026 | Amerant Bancorp downgraded by Stephens with a new price target | +0.9% | +0.3% |
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Major Banks
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