Amerant Bancorp Inc.
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Let's analyse Amerant Bancorp Inc. together

Penke I guess you are interested in Amerant Bancorp Inc.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Amerant Bancorp Inc.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Amerant Bancorp Inc. (30 sec.)

What can you expect buying and holding a share of Amerant Bancorp Inc.? (30 sec.)

How much money do you get?

$0.36

When do you have the money?

1 year

How often do you get paid?

42.9%

What is your share worth?

Current worth

$29.81

Expected worth in 1 year

$38.74

How sure are you?

57.1%

+ What do you gain per year?

Total Gains per Share

$9.29

Return On Investment

41.1%

For what price can you sell your share?

Current Price per Share

$22.61

Expected price per share

$20.50 - $23.43

How sure are you?

50%

1. Valuation of Amerant Bancorp Inc. (5 min.)

Live pricePrice per Share (EOD)

$22.61

Book Value per Share

$29.81

Intrinsic Value Per Share

$-28.27 - $-34.11

Total Value Per Share

$1.54 - $-4.31

My calculation of the intrinsic value of Amerant Bancorp Inc. is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 3Y: ($0.03) TTM: ($0.12)
The change per quarter (trend) of the Free Cash Flow Per Share is 3Y: ($-0.05) TTM: ($0.02)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.39	$-0.40	$-0.72 - $-0.72
2	$-1.51	$-1.58	$-1.55 - $-1.55
3	$-3.29	$-3.49	$-2.39 - $-2.39
4	$-5.64	$-6.10	$-3.22 - $-3.22
5	$-8.50	$-9.37	$-4.06 - $-4.06
6	$-11.79	$-13.24	$-4.89 - $-4.89
7	$-15.47	$-17.69	$-5.72 - $-5.72
8	$-19.47	$-22.68	$-6.56 - $-6.56
9	$-23.75	$-28.16	$-7.39 - $-7.39
10	$-28.27	$-34.11	$-8.23 - $-8.23

2. Growth of Amerant Bancorp Inc. (5 min.)

Is Amerant Bancorp Inc. growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1b	$715.5m	$78m	9.8%

How much money is Amerant Bancorp Inc. making?

	Current year	Previous year	Grow	Grow %
Making money	-$2.5m	$11.6m	-$14.2m	-553.0%
Net Profit Margin	-6.0%	17.4%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Amerant Bancorp Inc. (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Amerant Bancorp Inc.? (5 min.)

Welcome investor! Amerant Bancorp Inc.'s management wants to use your money to grow the business. In return you get a share of Amerant Bancorp Inc..

What can you expect buying and holding a share of Amerant Bancorp Inc.?

First you should know what it really means to hold a share of Amerant Bancorp Inc.. And how you can make/lose money.

Speculation

The Price per Share of Amerant Bancorp Inc. is $22.61. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Amerant Bancorp Inc..
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Amerant Bancorp Inc., you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $29.81. Based on the TTM, the Book Value Change Per Share is $2.23 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.39 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.09 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Amerant Bancorp Inc..

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	-0.51	-2.2%	0.35	1.5%	0.46	2.1%	0.37	1.6%	0.35	1.6%
Usd Book Value Change Per Share	8.45	37.4%	2.23	9.9%	-0.39	-1.7%	0.62	2.7%	1.06	4.7%
Usd Dividend Per Share	0.09	0.4%	0.09	0.4%	0.09	0.4%	0.05	0.2%	0.08	0.3%
Usd Total Gains Per Share	8.54	37.8%	2.32	10.3%	-0.30	-1.3%	0.66	2.9%	1.14	5.0%
Usd Price Per Share	24.57	-	20.24	-	27.85	-	21.15	-	16.01	-
Price to Earnings Ratio	-12.09	-	2.56	-	17.64	-	15.12	-	11.54	-
Price-to-Total Gains Ratio	2.88	-	11.55	-	-36.72	-	4.79	-	5.86	-
Price to Book Ratio	0.82	-	0.86	-	1.33	-	1.01	-	0.77	-
Price-to-Total Gains Ratio	2.88	-	11.55	-	-36.72	-	4.79	-	5.86	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	22.61
Number of shares	44

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.09	0.05
Usd Book Value Change Per Share	2.23	0.62
Usd Total Gains Per Share	2.32	0.66
Gains per Quarter (44 shares)	102.21	29.24
Gains per Year (44 shares)	408.86	116.98

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	16	393	399	9	108	107
2	31	786	808	17	217	224
3	47	1179	1217	26	325	341
4	63	1573	1626	34	434	458
5	79	1966	2035	43	542	575
6	94	2359	2444	51	651	692
7	110	2752	2853	60	759	809
8	126	3145	3262	68	868	926
9	142	3538	3671	77	976	1043
10	157	3931	4080	85	1085	1160

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	26.0	2.0	0.0	92.9%	26.0	2.0	0.0	92.9%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	7.0	5.0	0.0	58.3%	12.0	8.0	0.0	60.0%	15.0	10.0	3.0	53.6%	15.0	10.0	3.0	53.6%
Dividend per Share	4.0	0.0	0.0	100.0%	11.0	0.0	1.0	91.7%	11.0	0.0	9.0	55.0%	12.0	0.0	16.0	42.9%	12.0	0.0	16.0	42.9%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	13.0	7.0	0.0	65.0%	16.0	9.0	3.0	57.1%	16.0	9.0	3.0	57.1%

Fundamentals of Amerant Bancorp Inc.

About Amerant Bancorp Inc.

https://www.amerantbank.com
Banks - Regional
696
220 Alhambra Circle, Coral Gables, FL, United States, 33134
Google Maps Bing Maps

Amerant Bancorp Inc. operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits. The company also provides variable and fixed rate commercial real estate loans; owner-occupied; single-family residential; commercial; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements. In addition, it offers trust and estate planning products and services to high-net-worth customers, brokerage and investment advisory services in global capital markets, and wealth management and fiduciary services. Further, the company provides debit and credit cards, night depositories, direct deposits, cashier's checks, safe deposit boxes, letters of credit, and treasury management services, including wire transfer, remote deposit capture, and automated clearinghouse services; derivative instruments; and online and mobile banking, account balances, statements and other documents, online transfers and bill payment, and electronic delivery of customer statements services, as well as automated teller machines, and banking by mobile devices, telephone, and mail. It operates banking centers in Florida and Texas. The company was formerly known as Mercantil Bank Holding Corporation and changed its name to Amerant Bancorp Inc. in June 2019. Amerant Bancorp Inc. was founded in 1979 and is headquartered in Coral Gables, Florida.

Fundamental data was last updated by Penke on 2024-04-30 05:40:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Amerant Bancorp Inc..

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Amerant Bancorp Inc. earns for each $1 of revenue.

Above 10% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
A Net Profit Margin of -30.0% means that $-0.30 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Amerant Bancorp Inc.:

The MRQ is -30.0%. The company is making a huge loss. -2
The TTM is -6.0%. The company is making a loss. -1

Trends

Current period		Compared to		+/-
MRQ	-30.0%	TTM	-6.0%	-24.0%
TTM	-6.0%	YOY	17.4%	-23.4%
TTM	-6.0%	5Y	16.4%	-22.3%
5Y	16.4%	10Y	16.2%	+0.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	-30.0%	18.4%	-48.4%
TTM	-6.0%	28.0%	-34.0%
YOY	17.4%	25.2%	-7.8%
5Y	16.4%	22.8%	-6.4%
10Y	16.2%	19.8%	-3.6%

Measures how much net profit Amerant Bancorp Inc. earns for each $1 of revenue.

Revenue is the amount of profit Amerant Bancorp Inc. generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Amerant Bancorp Inc. earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, Amerant Bancorp Inc. makes more profit. This shows the investor how efficiently Amerant Bancorp Inc. is operating in general and compared to other companies in the same industry. Amerant Bancorp Inc. operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Amerant Bancorp Inc.. If profit margins remain low (compared to the Banks - Regional industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Amerant Bancorp Inc. is -0.30. This means that Amerant Bancorp Inc. earned $-0.30 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Amerant Bancorp Inc. with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Amerant Bancorp Inc. sells assets (profit will increase while costs remain the same).
It won’t show what part of Amerant Bancorp Inc. is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Amerant Bancorp Inc.

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Amerant Bancorp Inc. = -17,123
Total revenue MRQ Amerant Bancorp Inc. = 57,152
$-17,123 / $57,152 = -0.30 or -30.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Amerant Bancorp Inc. is using its assets to generate profit.

Above 5% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
-0.2% Return on Assets means that Amerant Bancorp Inc. generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Amerant Bancorp Inc.:

The MRQ is -0.2%. Using its assets, the company is very inefficient in making profit. -2
The TTM is 0.0%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-0.2%	TTM	0.0%	-0.2%
TTM	0.0%	YOY	0.1%	-0.2%
TTM	0.0%	5Y	0.1%	-0.2%
5Y	0.1%	10Y	0.1%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	-0.2%	0.1%	-0.3%
TTM	0.0%	0.2%	-0.2%
YOY	0.1%	0.2%	-0.1%
5Y	0.1%	0.2%	-0.1%
10Y	0.1%	0.2%	-0.1%

Shows how efficient Amerant Bancorp Inc. is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Amerant Bancorp Inc. is using its resources to generate profit. If the return on assets (-0.2%) from Amerant Bancorp Inc. are higher than the Banks - Regional mean (0.1%) that means Amerant Bancorp Inc. is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Amerant Bancorp Inc. is -0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Amerant Bancorp Inc.

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Amerant Bancorp Inc. = -17,123
Total assets MRQ (balance sheet) from Amerant Bancorp Inc. = 9,716,327
-17,123 / 9,716,327 = 0.00 or -0.2%

ROA is an important ratio as it will tell you how effectively Amerant Bancorp Inc. is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Amerant Bancorp Inc. is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
-2.3% Return on Equity means Amerant Bancorp Inc. generated $-0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Amerant Bancorp Inc.:

The MRQ is -2.3%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -0.3%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-2.3%	TTM	-0.3%	-2.0%
TTM	-0.3%	YOY	1.6%	-2.0%
TTM	-0.3%	5Y	1.3%	-1.6%
5Y	1.3%	10Y	1.2%	+0.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	-2.3%	1.4%	-3.7%
TTM	-0.3%	2.5%	-2.8%
YOY	1.6%	2.7%	-1.1%
5Y	1.3%	2.5%	-1.2%
10Y	1.2%	2.8%	-1.6%

Shows how efficient Amerant Bancorp Inc. is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Banks - Regional industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Amerant Bancorp Inc. is -2.3%. This means Amerant Bancorp Inc. generated $-0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if Amerant Bancorp Inc. existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Amerant Bancorp Inc.

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Amerant Bancorp Inc. = -17,123
Shareholders equity (balance sheet) MRQ Amerant Bancorp Inc. = 736,068
-17,123 / 736,068 = -0.02 or -2.3%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Amerant Bancorp Inc..

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Amerant Bancorp Inc. is operating .

Measures how much profit Amerant Bancorp Inc. makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
An Operating Margin of -35.2% means the company generated $-0.35 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Amerant Bancorp Inc.:

The MRQ is -35.2%. The company is operating very inefficient. -2
The TTM is 39.1%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	-35.2%	TTM	39.1%	-74.2%
TTM	39.1%	YOY	35.7%	+3.4%
TTM	39.1%	5Y	49.3%	-10.2%
5Y	49.3%	10Y	48.7%	+0.5%

Measures how efficient Amerant Bancorp Inc. is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Amerant Bancorp Inc. is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Amerant Bancorp Inc. is -35.2%. This means that Amerant Bancorp Inc. earned $-0.35 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Amerant Bancorp Inc.

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Amerant Bancorp Inc. = -20,095
Total revenue MRQ Amerant Bancorp Inc. = 57,152
$-20,095 / $57,152 = -0.35 or -35.2%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Amerant Bancorp Inc. is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of -1.35 means that the operating costs are $-1.35 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Amerant Bancorp Inc.:

The MRQ is -1.352.
The TTM is -0.604.

Trends

Current period		Compared to		+/-
MRQ	-1.352	TTM	-0.604	-0.747
TTM	-0.604	YOY	-0.643	+0.039
TTM	-0.604	5Y	-0.704	+0.099
5Y	-0.704	10Y	-0.585	-0.119

Measures how efficient Amerant Bancorp Inc. is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Amerant Bancorp Inc. is -135.2%. This means that Amerant Bancorp Inc. earned $-1.35 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Amerant Bancorp Inc.

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(0 +-77,247) \ 57,152 = -1.35

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Amerant Bancorp Inc..

1.3. Liquidity

1.3.1. Current Ratio

Measures if Amerant Bancorp Inc. is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Amerant Bancorp Inc.:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	0.058	-0.058
TTM	0.058	YOY	0.221	-0.163
TTM	0.058	5Y	2.198	-2.140
5Y	2.198	10Y	14.918	-12.720

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	0.058	0.124	-0.066
YOY	0.221	0.225	-0.004
5Y	2.198	0.219	+1.979
10Y	14.918	0.131	+14.787

Measures if Amerant Bancorp Inc. is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Amerant Bancorp Inc. if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Amerant Bancorp Inc. is 0.00. This means Amerant Bancorp Inc. has $0.00 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Amerant Bancorp Inc.

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,513,525 \ 0) = 0.00

The current ratio measures if Amerant Bancorp Inc. is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Amerant Bancorp Inc. is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Amerant Bancorp Inc. does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Amerant Bancorp Inc. is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Amerant Bancorp Inc. is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Amerant Bancorp Inc.:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	0.133	-0.133
TTM	0.133	YOY	0.402	-0.269
TTM	0.133	5Y	2.839	-2.706
5Y	2.839	10Y	9.244	-6.405

Measures if Amerant Bancorp Inc. is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Amerant Bancorp Inc. can pay off its short term debts. This shows if Amerant Bancorp Inc. can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Amerant Bancorp Inc. is 0.00. This means that Amerant Bancorp Inc. can pay off $0.00 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Amerant Bancorp Inc.

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Amerant Bancorp Inc.: (1,513,525 + 1,217,502 +0) / 0 = 0.00

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Amerant Bancorp Inc..

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Amerant Bancorp Inc. assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Amerant Bancorp Inc. to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.90 means that Amerant Bancorp Inc. assets are financed with 89.7% credit (debt) and the remaining percentage (100% - 89.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Amerant Bancorp Inc.:

The MRQ is 0.897. The company is just able to pay all its debts by selling its assets.
The TTM is 0.917. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.897	TTM	0.917	-0.020
TTM	0.917	YOY	0.915	+0.002
TTM	0.917	5Y	0.904	+0.012
5Y	0.904	10Y	0.809	+0.095

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.897	0.915	-0.018
TTM	0.917	0.917	0.000
YOY	0.915	0.919	-0.004
5Y	0.904	0.919	-0.015
10Y	0.809	0.927	-0.118

Measures how much % of Amerant Bancorp Inc. assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Amerant Bancorp Inc. than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Amerant Bancorp Inc. to Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Amerant Bancorp Inc. is 0.90. This means means that Amerant Bancorp Inc. is financed with 89.7% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Amerant Bancorp Inc. has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Amerant Bancorp Inc.

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
8,711,591 \ 9,716,327 = 89.7% or 0.90.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Amerant Bancorp Inc. is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
A Debt to Equity ratio of 1,183.5% means that company has $11.84 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Amerant Bancorp Inc.:

The MRQ is 11.835. The company is unable to pay all its debts with equity. -1
The TTM is 11.979. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	11.835	TTM	11.979	-0.144
TTM	11.979	YOY	10.807	+1.172
TTM	11.979	5Y	9.777	+2.202
5Y	9.777	10Y	8.853	+0.924

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	11.835	10.829	+1.006
TTM	11.979	11.013	+0.966
YOY	10.807	11.363	-0.556
5Y	9.777	11.437	-1.660
10Y	8.853	13.038	-4.185

Measures if Amerant Bancorp Inc. is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Amerant Bancorp Inc. is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Amerant Bancorp Inc. is 11.84. This means that Amerant Bancorp Inc. can pay off $11.84 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Amerant Bancorp Inc.

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
8,711,591 \ 736,068 = 11.84 or 1,183.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Amerant Bancorp Inc.

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Amerant Bancorp Inc. generates.

Above 15 is considered overpriced but always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
A PE ratio of -12.09 means the investor is paying $-12.09 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Amerant Bancorp Inc.:

The EOD is -11.128. Based on the earnings, the company is expensive. -2
The MRQ is -12.093. Based on the earnings, the company is expensive. -2
The TTM is 2.557. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-11.128	MRQ	-12.093	+0.965
MRQ	-12.093	TTM	2.557	-14.649
TTM	2.557	YOY	17.641	-15.084
TTM	2.557	5Y	15.116	-12.559
5Y	15.116	10Y	11.543	+3.572

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-11.128	7.676	-18.804
MRQ	-12.093	6.680	-18.773
TTM	2.557	5.295	-2.738
YOY	17.641	6.943	+10.698
5Y	15.116	9.770	+5.346
10Y	11.543	9.943	+1.600

Measures how much money you pay for each share for every $1 in earnings Amerant Bancorp Inc. generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Amerant Bancorp Inc. to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Amerant Bancorp Inc. is -12.09. This means the investor is paying $-12.09 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Amerant Bancorp Inc. is performing over time. The most recent quarter might be important if Amerant Bancorp Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Amerant Bancorp Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Amerant Bancorp Inc.

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 33,433 = EPS
PE ratio MRQ = -12.09

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Amerant Bancorp Inc.:

The EOD is -11.287. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -12.266. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 0.523. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-11.287	MRQ	-12.266	+0.978
MRQ	-12.266	TTM	0.523	-12.789
TTM	0.523	YOY	-5.342	+5.866
TTM	0.523	5Y	7.818	-7.295
5Y	7.818	10Y	6.251	+1.567

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-11.287	-2.146	-9.141
MRQ	-12.266	-1.868	-10.398
TTM	0.523	-0.342	+0.865
YOY	-5.342	6.448	-11.790
5Y	7.818	0.429	+7.389
10Y	6.251	0.091	+6.160

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Amerant Bancorp Inc. is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 0.82 means the investor is paying $0.82 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Amerant Bancorp Inc.:

The EOD is 0.759. Based on the equity, the company is cheap. +2
The MRQ is 0.824. Based on the equity, the company is cheap. +2
The TTM is 0.864. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.759	MRQ	0.824	-0.066
MRQ	0.824	TTM	0.864	-0.040
TTM	0.864	YOY	1.328	-0.464
TTM	0.864	5Y	1.011	-0.147
5Y	1.011	10Y	0.774	+0.237

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.759	0.443	+0.316
MRQ	0.824	0.386	+0.438
TTM	0.864	0.470	+0.394
YOY	1.328	0.642	+0.686
5Y	1.011	0.795	+0.216
10Y	0.774	1.025	-0.251

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Amerant Bancorp Inc..

3.1. Institutions holding Amerant Bancorp Inc.

Institutions are holding 47.539% of the shares of Amerant Bancorp Inc..

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Wellington Management Company LLP	8.3079	0.0143	3113483	267466	9.3979
2023-12-31	Patriot Financial Partners GP, LLC	5.6799	19.9587	2128589	91300	4.4814
2023-12-31	BlackRock Inc	5.4866	0.0013	2056180	155143	8.161
2023-12-31	Vanguard Group Inc	4.2916	0.0009	1608315	49235	3.158
2023-12-31	Dimensional Fund Advisors, Inc.	1.805	0.0049	676430	80527	13.5134
2023-12-31	State Street Corporation	1.7687	0.0008	662839	30259	4.7834
2023-12-31	Geode Capital Management, LLC	1.5145	0.0015	567573	29292	5.4418
2023-12-31	American Century Companies Inc	0.9251	0.0059	346680	52412	17.811
2023-12-31	Kennedy Capital Management Inc	0.7283	0.1465	272927	-343	-0.1255
2023-12-31	PERRY CREEK CAPITAL LP	0.6915	2.4639	259134	0	0
2023-12-31	Northern Trust Corp	0.6465	0.0011	242299	1356	0.5628
2023-12-31	Maltese Capital Management LLC	0.5881	1.5254	220400	50400	29.6471
2023-12-31	Charles Schwab Investment Management Inc	0.5542	0.0013	207699	2649	1.2919
2023-09-30	RMB Capital Management, LLC	0.4136	0.0925	155000	0	0
2023-12-31	Mendon Capital Advisors Corp	0.3869	1.4781	145000	-30000	-17.1429
2023-12-31	Bank of New York Mellon Corp	0.3861	0.0007	144689	11111	8.318
2023-12-31	Foundry Partners, LLC	0.355	0.1968	133025	-2400	-1.7722
2023-12-31	Goldman Sachs Group Inc	0.3055	0.0003	114476	76147	198.6668
2023-12-31	Nuveen Asset Management, LLC	0.2018	0.0006	75631	882	1.1799
2023-12-31	Morgan Stanley - Brokerage Accounts	0.1823	0.0002	68302	35761	109.8952
Total		35.2191	25.8957	13198671	+901197	+6.8%

3.2. Funds holding Amerant Bancorp Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-31	Vanguard Total Stock Mkt Idx Inv	2.5424	0.0014	952796	1462	0.1537
2024-03-28	iShares Russell 2000 ETF	1.8306	0.0244	686047	330	0.0481
2023-12-31	Wellington CIF II SMID Cap Research S3	1.3027	0.5517	488189	40245	8.9844
2023-09-30	Wellington SMID Cap Research Equity	1.1953	0.3996	447944	-5435	-1.1988
2024-03-31	Vanguard Institutional Extnd Mkt Idx Tr	1.138	0.0094	426470	8569	2.0505
2024-03-29	Avantis US Small Cap Value ETF	0.9144	0.0736	342665	0	0
2024-01-31	Fidelity Small Cap Index	0.7001	0.0239	262369	4276	1.6568
2024-03-28	iShares Russell 2000 Value ETF	0.6603	0.046	247448	-157	-0.0634
2024-03-31	Kennedy Micro Cap	0.6185	1.1321	231783	-5688	-2.3952
2024-03-31	Foundry Partners Micro Cap Value	0.5127	0.8052	192125	0	0
2024-02-29	RMB Mendon Financial Services A	0.4588	2.0238	171941	0	0
2024-03-31	State St Russell Sm/Mid Cp® Indx NL Cl C	0.4501	0.0091	168694	8300	5.1748
2023-12-31	Wellington CIF Small Cap 2000	0.4034	0.7781	151174	6920	4.7971
2024-02-29	Fidelity Extended Market Index	0.4	0.0083	149888	-726	-0.482
2024-03-29	Schwab US Small-Cap ETF™	0.3356	0.0171	125769	0	0
2024-02-29	DFA US Targeted Value I	0.3273	0.0201	122650	7496	6.5095
2024-03-31	SPDR® S&P Regional Banking ETF	0.3176	0.0926	119028	0	0
2024-03-31	Vanguard Russell 2000 ETF	0.2562	0.022	96007	2101	2.2373
2024-03-31	State St Russell Sm Cap® Indx SL Cl I	0.2518	0.0226	94382	0	0
2024-03-29	Dimensional US Targeted Value ETF	0.2272	0.0197	85158	0	0
Total		14.843	6.0807	5562527	+67693	+1.2%

3.3. Insider Transactions

Insiders are holding 19.968% of the shares of Amerant Bancorp Inc..

Date	Owner	Type	Amount	Price	Post Transaction Amount
2023-07-27	Sharymar Calderon	SELL	159	20.1	4068
2023-05-02	Silvio Marshall Martin	BUY	1000	16.69	4955
2023-04-26	Juan Esterripa	BUY	1000	18.26	1000
2023-04-25	Gerald P Plush	BUY	2500	18.17	54865
2022-11-04	A. Gustavo J Vollmer	SELL	49249	29.59	586126
2022-11-02	A. Gustavo J Vollmer	SELL	8496	30.17	641700
2022-10-31	A. Gustavo J Vollmer	SELL	29500	30.07	718327
2022-10-28	A. Gustavo J Vollmer	SELL	20519	30.02	747827

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Amerant Bancorp Inc. compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	8.453	2.234	+278%	-0.393	+105%	0.616	+1272%	1.064	+694%
Book Value Per Share	-	-	29.806	23.519	+27%	20.951	+42%	20.861	+43%	18.372	+62%
Current Ratio	-	-	-	0.058	-100%	0.221	-100%	2.198	-100%	14.918	-100%
Debt To Asset Ratio	-	-	0.897	0.917	-2%	0.915	-2%	0.904	-1%	0.809	+11%
Debt To Equity Ratio	-	-	11.835	11.979	-1%	10.807	+10%	9.777	+21%	8.853	+34%
Dividend Per Share	-	-	0.089	0.089	0%	0.090	0%	0.048	+84%	0.075	+18%
Eps	-	-	-0.508	0.350	-245%	0.464	-210%	0.372	-237%	0.352	-244%
Free Cash Flow Per Share	-	-	-0.501	0.118	-525%	-0.437	-13%	0.161	-411%	0.238	-311%
Free Cash Flow To Equity Per Share	-	-	11.419	4.638	+146%	10.323	+11%	2.003	+470%	1.224	+833%
Gross Profit Margin	-	-	1.185	0.896	+32%	0.700	+69%	0.919	+29%	0.942	+26%
Intrinsic Value_10Y_max	-	-	-34.115	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-28.271	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.396	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.387	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-3.493	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-3.289	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-9.368	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-8.497	-	-	-	-	-	-	-	-
Market Cap	762169534.000	-9%	828239958.000	683111405.205	+21%	952189614.873	-13%	791724332.724	+5%	603972123.374	+37%
Net Profit Margin	-	-	-0.300	-0.060	-80%	0.174	-272%	0.164	-283%	0.162	-285%
Operating Margin	-	-	-0.352	0.391	-190%	0.357	-199%	0.493	-171%	0.487	-172%
Operating Ratio	-	-	-1.352	-0.604	-55%	-0.643	-52%	-0.704	-48%	-0.585	-57%
Pb Ratio	0.759	-9%	0.824	0.864	-5%	1.328	-38%	1.011	-18%	0.774	+6%
Pe Ratio	-11.128	+8%	-12.093	2.557	-573%	17.641	-169%	15.116	-180%	11.543	-205%
Price Per Share	22.610	-9%	24.570	20.240	+21%	27.848	-12%	21.147	+16%	16.007	+53%
Price To Free Cash Flow Ratio	-11.287	+8%	-12.266	0.523	-2443%	-5.342	-56%	7.818	-257%	6.251	-296%
Price To Total Gains Ratio	2.647	-9%	2.876	11.552	-75%	-36.725	+1377%	4.787	-40%	5.856	-51%
Quick Ratio	-	-	-	0.133	-100%	0.402	-100%	2.839	-100%	9.244	-100%
Return On Assets	-	-	-0.002	0.000	-86%	0.001	-229%	0.001	-237%	0.001	-253%
Return On Equity	-	-	-0.023	-0.003	-86%	0.016	-243%	0.013	-283%	0.012	-298%
Total Gains Per Share	-	-	8.542	2.323	+268%	-0.304	+104%	0.665	+1185%	1.140	+649%
Usd Book Value	-	-	1004736000.000	793633750.000	+27%	715567500.000	+40%	788196450.000	+27%	693718785.714	+45%
Usd Book Value Change Per Share	-	-	8.453	2.234	+278%	-0.393	+105%	0.616	+1272%	1.064	+694%
Usd Book Value Per Share	-	-	29.806	23.519	+27%	20.951	+42%	20.861	+43%	18.372	+62%
Usd Dividend Per Share	-	-	0.089	0.089	0%	0.090	0%	0.048	+84%	0.075	+18%
Usd Eps	-	-	-0.508	0.350	-245%	0.464	-210%	0.372	-237%	0.352	-244%
Usd Free Cash Flow	-	-	-16881000.000	3947000.000	-528%	-14947250.000	-11%	6950550.000	-343%	9433642.857	-279%
Usd Free Cash Flow Per Share	-	-	-0.501	0.118	-525%	-0.437	-13%	0.161	-411%	0.238	-311%
Usd Free Cash Flow To Equity Per Share	-	-	11.419	4.638	+146%	10.323	+11%	2.003	+470%	1.224	+833%
Usd Market Cap	762169534.000	-9%	828239958.000	683111405.205	+21%	952189614.873	-13%	791724332.724	+5%	603972123.374	+37%
Usd Price Per Share	22.610	-9%	24.570	20.240	+21%	27.848	-12%	21.147	+16%	16.007	+53%
Usd Profit	-	-	-17123000.000	-2576750.000	-85%	11672250.000	-247%	10013700.000	-271%	10327285.714	-266%
Usd Revenue	-	-	57152000.000	78124750.000	-27%	66666250.000	-14%	66669450.000	-14%	67379142.857	-15%
Usd Total Gains Per Share	-	-	8.542	2.323	+268%	-0.304	+104%	0.665	+1185%	1.140	+649%
	EOD	+2 -6	MRQ	TTM	+19 -17	YOY	+17 -19	5Y	+20 -16	10Y	+18 -18

4.2. Fundamental Score

Let's check the fundamental score of Amerant Bancorp Inc. based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-11.128
Price to Book Ratio (EOD)	Between	0-1	0.759
Net Profit Margin (MRQ)	Greater than	0	-0.300
Operating Margin (MRQ)	Greater than	0	-0.352
Quick Ratio (MRQ)	Greater than	1	0.000
Current Ratio (MRQ)	Greater than	1	0.000
Debt to Asset Ratio (MRQ)	Less than	1	0.897
Debt to Equity Ratio (MRQ)	Less than	1	11.835
Return on Equity (MRQ)	Greater than	0.15	-0.023
Return on Assets (MRQ)	Greater than	0.05	-0.002
Total			2/10 (20.0%)

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4.3. Technical Score

Let's check the technical score of Amerant Bancorp Inc. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	22.790
Total			1/1 (100.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Income before Tax	18,766	1,420	20,186	-11,267	8,919	17,821	26,740	-47,652	-20,912
EBIT	18,766	44,217	62,983	20,894	83,877	-70,616	13,261	-33,356	-20,095
EBITDA	20,722	43,553	64,275	21,877	86,152	-71,096	15,056	-33,671	-18,615
Operating Income	18,766	44,217	62,983	20,894	83,877	-68,821	15,056	-35,151	-20,095
Tax Provision	4,746	555	5,301	-3,428	1,873	4,464	6,337	-9,309	-2,972
Net Income from Continuing Operations	18,766	1,420	20,186	-13,140	7,046	14,695	21,741	-39,681	-17,940

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	9,716,327
Total Liabilities	8,711,591
Total Stockholder Equity	736,068

	As reported
Total Liabilities	8,711,591
Total Stockholder Equity	+ 736,068
Total Assets	= 9,716,327

Assets

Total Assets	9,716,327
Total Current Assets	1,513,525
Long-term Assets	1,627,961

Total Current Assets

Total Current Assets (as reported)	1,513,525
Cash And Cash Equivalents	296,023
Short-term Investments	1,217,502
Total Current Assets (calculated)	1,513,525
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,627,961
Property Plant Equipment	162,087
Goodwill	19,193
Long Term Investments	1,446,681
Long-term Assets Other	-1,627,961
Long-term Assets (calculated)	0
+/-	1,627,961

Liabilities & Shareholders' Equity

Total Current Liabilities	0
Long-term Liabilities	921,325
Total Stockholder Equity	736,068

Total Current Liabilities

Total Current Liabilities (as reported)	0
Total Current Liabilities (calculated)	0
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	921,325
Long term Debt	798,158
Capital Lease Obligations Min Short Term Debt	123,167
Long-term Liabilities (calculated)	921,325
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	736,068
Common Stock	3,361
Retained Earnings	610,802
Accumulated Other Comprehensive Income	-70,796
Other Stockholders Equity	192,701
Total Stockholder Equity (calculated)	736,068
+/-	0

Other

Capital Stock	3,361
Cash and Short Term Investments	1,513,525
Common Stock Shares Outstanding	33,433
Liabilities and Stockholders Equity	9,716,327
Net Debt	625,302
Net Invested Capital	1,534,226
Property Plant and Equipment Gross	215,118
Short Long Term Debt Total	921,325

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

> Total Assets

0
0
0
8,436,767
8,423,594
8,530,464
8,435,802
8,124,347
8,124,347
7,926,826
7,864,260
7,985,399
8,098,810
8,130,723
7,977,047
7,770,893
7,751,098
7,532,844
7,489,305
7,638,399
7,805,836
8,151,242
8,739,979
9,127,804
9,495,302
9,519,526
9,345,700
9,716,327

9,716,327

9,345,700

9,519,526

9,495,302

9,127,804

8,739,979

8,151,242

7,805,836

7,638,399

7,489,305

7,532,844

7,751,098

7,770,893

7,977,047

8,130,723

8,098,810

7,985,399

7,864,260

7,926,826

8,124,347

8,435,802

8,530,464

8,423,594

8,436,767

> Total Current Assets

0
0
0
6,511,200
6,527,754
6,651,483
6,579,814
1,900,786
6,310,412
6,200,715
6,155,757
6,170,593
6,255,208
6,373,065
6,426,865
6,333,845
6,303,698
6,093,065
1,247,892
1,542,024
1,511,904
1,276,467
1,468,725
1,462,073
1,671,929
1,618,261
54,169
1,513,525

1,513,525

54,169

1,618,261

1,671,929

1,462,073

1,468,725

1,276,467

1,511,904

1,542,024

1,247,892

6,093,065

6,303,698

6,333,845

6,426,865

6,373,065

6,255,208

6,170,593

6,155,757

6,200,715

6,310,412

1,900,786

6,579,814

6,651,483

6,527,754

6,511,200

Cash And Cash Equivalents

0
0
0
153,445
265,657
117,230
103,579
85,710
85,710
90,317
101,327
121,324
271,053
217,349
227,160
214,386
233,499
171,512
166,233
274,208
269,951
332,247
255,985
248,441
453,236
410,857
251,091
296,023

296,023

251,091

410,857

453,236

248,441

255,985

332,247

269,951

274,208

166,233

171,512

233,499

214,386

227,160

217,349

271,053

121,324

101,327

90,317

85,710

103,579

117,230

265,657

153,445

Short-term Investments

0
0
0
1,687,157
1,665,697
1,649,665
1,628,121
1,586,051
1,586,051
1,501,222
1,485,202
1,568,752
1,601,303
1,519,784
1,317,724
1,225,083
1,190,201
1,194,068
1,220,391
1,175,319
1,145,785
1,124,801
1,052,329
1,057,621
1,045,883
1,027,676
1,039,821
1,217,502

1,217,502

1,039,821

1,027,676

1,045,883

1,057,621

1,052,329

1,124,801

1,145,785

1,175,319

1,220,391

1,194,068

1,190,201

1,225,083

1,317,724

1,519,784

1,601,303

1,568,752

1,485,202

1,501,222

1,586,051

1,628,121

1,649,665

1,665,697

1,687,157

Net Receivables

0
0
0
73,084
85,050
84,166
81,536
73,648
73,648
70,898
68,383
66,887
96,454
107,771
94,556
93,771
135,322
135,728
144,960
233,636
96,168
122,449
160,411
156,011
172,810
179,728
202,029
0

202,029

179,728

172,810

156,011

160,411

122,449

96,168

233,636

144,960

135,728

135,322

93,771

94,556

107,771

96,454

66,887

68,383

70,898

73,648

81,536

84,166

85,050

73,084

Other Current Assets

0
0
0
4,597,514
4,511,350
4,800,422
4,766,578
58,490
4,565,003
4,538,278
4,500,845
4,413,630
4,286,398
4,528,161
4,787,425
4,800,605
4,744,676
4,591,757
4,454,332
4,604,124
153,153
-303,030
206,560
-228,955
181,845
0
214,444
0

214,444

181,845

-228,955

206,560

-303,030

153,153

4,604,124

4,454,332

4,591,757

4,744,676

4,800,605

4,787,425

4,528,161

4,286,398

4,413,630

4,500,845

4,538,278

4,565,003

58,490

4,766,578

4,800,422

4,511,350

4,597,514

> Long-term Assets

0
0
0
1,925,567
1,895,840
1,878,981
1,855,988
0
1,813,935
1,726,111
1,708,503
1,814,806
1,843,602
1,757,658
1,550,182
1,437,048
1,447,400
1,439,779
1,503,389
1,492,251
1,468,075
1,572,247
1,501,169
1,512,370
1,467,549
1,445,243
364,458
1,627,961

1,627,961

364,458

1,445,243

1,467,549

1,512,370

1,501,169

1,572,247

1,468,075

1,492,251

1,503,389

1,439,779

1,447,400

1,437,048

1,550,182

1,757,658

1,843,602

1,814,806

1,708,503

1,726,111

1,813,935

1,855,988

1,878,981

1,895,840

1,925,567

Property Plant Equipment

0
0
0
129,357
121,656
121,683
122,350
123,503
123,503
124,456
126,497
128,824
128,232
128,327
126,895
109,990
109,071
108,708
108,885
37,860
177,406
178,449
182,673
181,759
161,883
159,875
159,767
162,087

162,087

159,767

159,875

161,883

181,759

182,673

178,449

177,406

37,860

108,885

108,708

109,071

109,990

126,895

128,327

128,232

128,824

126,497

124,456

123,503

122,350

121,683

121,656

129,357

Goodwill

0
0
0
19,193
19,193
19,193
19,193
19,193
19,193
19,193
19,193
19,506
19,506
19,506
19,506
19,506
19,506
19,506
19,506
19,506
19,506
19,506
19,506
19,506
20,525
20,525
20,525
19,193

19,193

20,525

19,506

19,193

Long Term Investments

0
0
0
0
1,768,001
1,799,069
1,778,809
1,731,918
1,635,500
1,582,462
1,562,813
1,666,476
1,695,864
1,609,825
1,403,781
1,307,552
1,318,823
1,311,565
1,374,998
1,293,746
1,271,163
1,374,292
1,298,990
1,311,105
1,285,141
1,264,843
1,272,513
1,446,681

1,446,681

1,272,513

1,264,843

1,285,141

1,311,105

1,298,990

1,374,292

1,271,163

1,293,746

1,374,998

1,311,565

1,318,823

1,307,552

1,403,781

1,609,825

1,695,864

1,666,476

1,562,813

1,582,462

1,635,500

1,731,918

1,778,809

1,799,069

1,768,001

Earning Assets

0
0
0
0
0
0
0
0
1,986,701
1,934,405
1,929,875
2,056,648
2,274,303
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,274,303

2,056,648

1,929,875

1,934,405

1,986,701

Other Assets

0
0
0
10,362,334
10,319,434
10,409,445
10,291,790
6,093,875
9,938,282
9,652,937
9,572,763
9,800,205
8,098,810
8,130,723
7,977,047
7,770,893
7,751,098
7,532,844
4,738,024
4,604,124
4,825,857
5,302,528
5,770,085
6,153,361
6,355,824
6,456,022
8,927,073
6,574,841

6,574,841

8,927,073

6,456,022

6,355,824

6,153,361

5,770,085

5,302,528

4,825,857

4,604,124

4,738,024

7,532,844

7,751,098

7,770,893

7,977,047

8,130,723

8,098,810

9,800,205

9,572,763

9,652,937

9,938,282

6,093,875

10,291,790

10,409,445

10,319,434

10,362,334

> Total Liabilities

0
0
0
7,683,317
7,711,322
7,811,082
7,708,127
7,376,929
7,376,929
7,120,458
7,038,509
7,150,698
7,257,693
7,300,525
7,147,514
6,987,472
6,966,084
6,733,776
6,676,643
6,806,526
7,056,440
7,439,792
8,044,281
8,422,078
8,766,246
8,798,570
8,625,913
8,711,591

8,711,591

8,625,913

8,798,570

8,766,246

8,422,078

8,044,281

7,439,792

7,056,440

6,806,526

6,676,643

6,733,776

6,966,084

6,987,472

7,147,514

7,300,525

7,257,693

7,150,698

7,038,509

7,120,458

7,376,929

7,708,127

7,811,082

7,711,322

7,683,317

> Total Current Liabilities

0
0
0
69,234
80,006
71,834
62,514
7,258,819
7,258,819
7,002,348
6,946,263
7,058,452
7,193,515
7,236,347
6,504,838
1,366,284
1,366,284
1,287,379
130,543
118,175
5,788,435
6,319,031
6,769,815
7,222,773
7,439,227
0
7,757,211
0

7,757,211

7,439,227

7,222,773

6,769,815

6,319,031

5,788,435

118,175

130,543

1,287,379

1,366,284

6,504,838

7,236,347

7,193,515

7,058,452

6,946,263

7,002,348

7,258,819

62,514

71,834

80,006

69,234

Short-term Debt

0
0
0
0
365,000
415,000
435,000
440,000
385,000
350,000
195,000
285,000
1,671,639
0
0
1,283,210
1,283,210
93,311
130,543
118,175
0
0
0
0
0
0
0
0

118,175

130,543

93,311

1,283,210

1,671,639

285,000

195,000

350,000

385,000

440,000

435,000

415,000

365,000

Short Long Term Debt

0
0
0
0
365,000
415,000
435,000
440,000
385,000
350,000
195,000
285,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

285,000

195,000

350,000

385,000

440,000

435,000

415,000

365,000

Accounts payable

0
0
0
69,234
80,006
71,834
62,514
6,090,431
5,930,505
5,867,044
5,760,759
5,811,643
5,884,393
6,078,750
5,928,250
5,773,286
5,793,250
5,802,248
5,744,555
5,873,877
96,734
6,319,031
6,769,815
178,574
152,501
7,644,329
7,616,986
0

7,616,986

7,644,329

152,501

178,574

6,769,815

6,319,031

96,734

5,873,877

5,744,555

5,802,248

5,793,250

5,773,286

5,928,250

6,078,750

5,884,393

5,811,643

5,760,759

5,867,044

5,930,505

6,090,431

62,514

71,834

80,006

69,234

Other Current Liabilities

0
0
0
-69,234
-80,006
-71,834
-62,514
0
0
0
0
0
0
0
0
1,283,210
5,678,079
1,194,068
5,626,377
5,630,871
5,691,701
6,202,854
6,588,122
7,044,199
7,286,726
0
51,200
0

51,200

7,286,726

7,044,199

6,588,122

6,202,854

5,691,701

5,630,871

5,626,377

1,194,068

5,678,079

1,283,210

-62,514

-71,834

-80,006

-69,234

> Long-term Liabilities

0
0
0
1,291,110
1,351,110
1,376,110
1,456,110
0
1,284,110
1,243,110
1,262,246
1,327,246
1,329,178
1,172,597
1,172,676
1,172,755
1,172,834
931,528
932,088
1,069,244
1,268,005
1,120,761
8,044,281
8,422,078
1,327,019
1,042,836
868,702
921,325

921,325

868,702

1,042,836

1,327,019

8,422,078

8,044,281

1,120,761

1,268,005

1,069,244

932,088

931,528

1,172,834

1,172,755

1,172,676

1,172,597

1,329,178

1,327,246

1,262,246

1,243,110

1,284,110

1,456,110

1,376,110

1,351,110

1,291,110

Long term Debt Total

0
0
0
0
0
0
0
118,110
118,110
118,110
92,246
92,246
64,178
0
0
122,755
122,834
122,914
122,993
123,072
152,307
152,429
152,550
152,672
152,793
0
0
0

152,793

152,672

152,550

152,429

152,307

123,072

122,993

122,914

122,834

122,755

64,178

92,246

118,110

Other Liabilities

0
0
0
0
0
0
0
60,133
47,308
57,967
0
0
86,303
0
0
0
0
0
0
0
0
0
0
300
0
0
0
0

300

86,303

57,967

47,308

60,133

> Total Stockholder Equity

0
0
0
753,450
712,272
719,382
727,675
747,418
747,418
806,368
825,751
834,701
841,117
830,198
829,533
783,421
785,014
799,885
814,113
834,483
753,082
713,341
697,633
707,816
731,390
723,552
722,761
736,068

736,068

722,761

723,552

731,390

707,816

697,633

713,341

753,082

834,483

814,113

799,885

785,014

783,421

829,533

830,198

841,117

834,701

825,751

806,368

747,418

727,675

719,382

712,272

753,450

Common Stock

0
0
0
12,746
12,746
12,746
4,249
4,461
4,461
4,674
4,674
4,668
4,217
4,216
4,215
3,786
3,796
3,757
3,750
3,589
3,434
3,375
3,376
3,382
3,383
3,374
3,359
3,361

3,361

3,359

3,374

3,383

3,382

3,376

3,375

3,434

3,589

3,750

3,757

3,796

3,786

4,215

4,216

4,217

4,668

4,674

4,461

4,249

12,746

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
442,402
456,861
472,823
489,854
553,167
565,963
570,588
588,495
590,375
607,544
0
0
0

607,544

590,375

588,495

570,588

565,963

553,167

489,854

472,823

456,861

442,402

Accumulated Other Comprehensive Income

0
0
0
-6,133
-16,740
-20,053
-23,311
-18,000
-18,164
11,139
17,108
13,234
31,117
34,727
31,836
31,664
19,909
23,758
21,236
15,217
-24,424
-50,959
-86,208
-80,635
-74,319
-86,926
-105,634
-70,796

-70,796

-105,634

-86,926

-74,319

-80,635

-86,208

-50,959

-24,424

15,217

21,236

23,758

19,909

31,664

31,836

34,727

31,117

13,234

17,108

11,139

-18,164

-18,000

-23,311

-20,053

-16,740

-6,133

Capital Surplus

0
0
0
0
0
0
0
385,367
415,864
417,338
418,821
419,048
358,277
0
0
305,569
304,448
299,547
299,273
262,510
208,109
190,337
191,970
194,694
194,782
0
0
0

194,782

194,694

191,970

190,337

208,109

262,510

299,273

299,547

304,448

305,569

358,277

419,048

418,821

417,338

415,864

385,367

Treasury Stock

-46,373

-17,908

Other Stockholders Equity

0
0
0
359,008
359,008
359,008
367,505
-18,164
367,459
370,965
372,448
372,675
358,277
359,028
359,553
305,569
304,448
299,547
299,273
262,510
208,109
190,337
191,970
194,694
194,782
195,275
194,103
192,701

192,701

194,103

195,275

194,782

194,694

191,970

190,337

208,109

262,510

299,273

299,547

304,448

305,569

359,553

359,028

358,277

372,675

372,448

370,965

367,459

-18,164

367,505

359,008

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Accounts Payable	0	178,574	5,873,877	5,773,286	5,811,643	6,090,431	69,234	53,052	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-70,796	-80,635	15,217	31,664	13,234	-18,164	-6,133	-10,695	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	123,167	140,147	136,595	0	0	0	0	0	0
Capital Stock	3,361	3,382	3,589	3,786	4,668	4,461	0	0	0
Capital Surpluse	0	194,694	262,510	305,569	419,048	385,367	359,008	359,008	0
Cash	296,023	248,441	274,208	214,386	121,324	85,710	153,445	134,989	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	53,314	1,306,062	1,449,527	1,439,469	1,690,076	1,671,761	1,840,602	2,258,236	0
Common Stock	3,361	3,382	3,589	3,786	4,668	4,461	4,249	12,746	0
Common Stock Shares Outstanding	33,675	34,143	37,528	41,737	42,939	42,487	34,920	34,920	34,920
Common Stock Total Equity	0	3,382	3,589	3,786	4,668	4,461	12,746	12,746	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	2,056,648	2,019,015	2,168,826	2,454,939	0
Good Will	19,193	19,506	19,506	19,506	19,506	19,193	19,193	19,193	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Inventory	0	0	-141,139	427	42	367	319	0	0
Liabilities And Stockholders Equity	9,716,327	9,127,804	7,638,399	7,770,893	7,985,399	8,124,347	8,436,767	8,434,264	0
Long Term Debt	798,158	1,059,158	932,649	1,172,755	1,327,246	1,284,110	1,291,110	1,049,110	0
Long Term Debt Total	0	152,672	123,072	122,755	92,246	118,110	118,110	118,110	0
Long Term Investments	1,446,681	1,311,105	1,293,746	1,307,552	1,666,476	1,671,239	1,777,017	2,123,247	0
Negative Goodwill	0	0	0	0	0	0	0	0	0
Net Debt	625,302	950,864	658,441	958,369	1,205,922	1,198,400	1,137,665	914,121	0
Net Invested Capital	1,534,226	1,766,974	1,767,132	1,956,176	2,161,947	2,031,528	2,044,560	0	0
Net Receivables	0	156,011	233,636	93,771	66,887	73,648	73,084	70,033	0
Net Tangible Assets	0	684,130	814,977	763,915	815,195	728,225	734,257	685,544	0
Net Working Capital	0	-5,760,700	1,564,988	166,956	-5,301,489	6,237,824	6,441,966	6,090,060	0
Non Current Assets Total	360,082	1,512,370	1,351,112	1,437,048	1,814,806	1,813,935	1,925,567	2,291,152	0
Non Current Liabilities Other	0	1,046,633	946,172	1,050,000	0	0	0	0	0
Non Current Liabilities Total	921,325	8,422,078	932,649	1,172,755	1,327,246	1,284,110	1,291,110	1,049,110	0
Non Currrent Assets Other	-1,323,514	-48,703	-11,301	-11,691	-5,480	-16,310	-1,777,017	-2,123,247	0
Noncontrolling Interest In Consolidated Entity	0	2,090	2,610	0	0	0	0	0	0
Other Assets	9,302,931	6,153,361	4,604,124	4,800,605	4,413,630	9,938,282	10,362,334	10,725,416	0
Other Current Assets	0	-228,955	4,604,124	4,800,605	4,413,630	4,565,003	4,597,514	3,814,843	0
Other Current Liab	0	7,044,199	5,630,871	1,283,210	7,058,452	7,258,819	-69,234	-53,052	0
Other Liab	0	300	25,200	0	0	60,133	0	0	0
Other Stockholder Equity	192,701	194,694	262,510	305,569	372,675	367,459	359,008	359,008	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	215,118	181,759	37,860	109,990	128,824	123,503	129,357	148,712	0
Property Plant And Equipment Net	162,087	181,759	37,860	109,990	128,824	123,503	129,357	148,712	0
Property Plant Equipment	0	41,772	37,860	109,990	128,824	123,503	129,357	148,712	0
Retained Earnings	610,802	590,375	553,167	442,402	444,124	393,662	387,829	343,678	0
Retained Earnings Total Equity	0	590,375	553,167	442,402	0	0	0	0	0
Short Long Term Debt	0	0	0	0	285,000	440,000	555,000	445,000	0
Short Long Term Debt Total	921,325	1,199,305	932,649	1,172,755	1,327,246	1,284,110	1,291,110	1,049,110	0
Short Term Debt	0	0	118,175	1,283,210	285,000	440,000	555,000	445,000	0
Short Term Investments	1,217,502	1,057,621	1,175,319	1,225,083	1,568,752	1,586,051	1,687,157	2,123,247	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0
Total Assets	9,716,327	9,127,804	7,638,399	7,770,893	7,985,399	8,124,347	8,436,767	8,434,264	0
Total Current Assets	53,314	1,462,073	1,683,163	1,533,240	1,756,963	6,310,412	6,511,200	6,143,112	0
Total Current Liabilities	0	7,222,773	118,175	1,366,284	7,058,452	72,588	69,234	53,052	0
Total Liab	8,711,591	8,422,078	6,737,175	7,193,310	7,140,479	7,376,929	7,683,317	7,729,527	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	736,068	707,816	834,483	783,421	834,701	747,418	753,450	704,737	0
Treasury Stock	0	0	0	0	-46,373	-17,908	0	0	0
Warrants	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31
Accounts Payable	0	7,616,986	7,644,329	152,501	178,574	6,769,815	6,319,031	96,734	5,873,877	5,744,555	5,802,248	5,793,250	5,773,286	5,928,250	6,078,750	5,884,393	5,811,643	5,760,759	5,867,044	5,930,505	6,090,431	62,514	71,834	80,006	69,234	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-70,796	-105,634	-86,926	-74,319	-80,635	-86,208	-50,959	-24,424	15,217	21,236	23,758	19,909	31,664	31,836	34,727	31,117	13,234	17,108	11,139	-18,164	-18,000	-23,311	-20,053	-16,740	-6,133	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	123,167	120,665	119,921	122,214	140,147	140,911	137,808	135,651	136,595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	3,361	3,359	3,374	3,383	3,382	3,376	3,375	3,434	3,589	3,750	3,757	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	194,782	194,694	191,970	190,337	208,109	262,510	299,273	299,547	304,448	305,569	0	0	358,277	419,048	418,821	417,338	415,864	385,367	0	0	0	0	0	0	0
Cash	296,023	251,091	410,857	453,236	248,441	255,985	332,247	269,951	274,208	166,233	171,512	233,499	214,386	227,160	217,349	271,053	121,324	101,327	90,317	85,710	85,710	103,579	117,230	265,657	153,445	0	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	1,513,525	54,169	1,438,533	1,499,119	1,306,062	1,308,314	1,457,048	1,415,736	1,449,527	1,386,624	1,365,580	1,423,700	1,439,469	1,544,884	1,737,133	1,872,356	1,690,076	1,586,529	1,591,539	1,671,761	0	1,731,700	1,766,895	1,931,354	1,840,602	0	0	0
Common Stock	3,361	3,359	3,374	3,383	3,382	3,376	3,375	3,434	3,589	3,750	3,757	3,796	3,786	4,215	4,216	4,217	4,668	4,674	4,674	4,461	4,461	4,249	12,746	12,746	12,746	0	0	0
Common Stock Shares Outstanding	33,433	33,697	33,718	33,856	33,814	33,747	33,915	35,114	37,065	37,518	37,693	37,846	41,688	42,065	41,720	42,533	42,533	42,915	42,819	42,914	42,755	42,489	34,920	34,920	34,920	34,920	34,920	34,920
Common Stock Total Equity	0	0	0	3,383	3,382	3,376	3,375	3,434	3,589	3,750	3,757	3,796	3,786	4,215	4,216	4,217	4,668	4,674	4,674	4,461	4,461	4,249	12,746	12,746	12,746	0	0	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,274,303	2,056,648	1,929,875	1,934,405	1,986,701	0	0	0	0	0	0	0	0
Good Will	19,193	20,525	20,525	20,525	19,506	19,506	19,506	19,506	19,506	19,506	19,506	19,506	19,506	19,506	19,506	19,506	19,506	19,193	19,193	19,193	19,193	19,193	19,193	19,193	19,193	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	20,181	20,181	26,534	0	6,312	6,545	9,720	9,720	9,800	400	400	427	42	42	42	42	0	0	0	367	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	9,716,327	9,345,700	9,519,526	9,495,302	9,127,804	8,739,979	8,151,242	7,805,836	7,638,399	7,489,305	7,532,844	7,751,098	7,770,893	7,977,047	8,130,723	8,098,810	7,985,399	7,864,260	7,926,826	8,124,347	8,124,347	8,435,802	8,530,464	8,423,594	8,436,767	0	0	0
Long Term Debt	798,158	748,037	922,915	1,204,805	1,059,158	1,133,555	982,953	1,132,354	932,649	932,088	931,528	1,172,834	1,172,755	1,172,676	1,172,597	1,329,178	1,327,246	1,262,246	1,243,110	1,188,110	844,110	1,019,110	959,110	974,110	0	0	0	0
Long Term Debt Total	0	0	0	152,793	152,672	152,550	152,429	152,307	123,072	122,993	122,914	122,834	122,755	0	0	64,178	92,246	92,246	118,110	118,110	118,110	0	0	0	0	0	0	0
Long Term Investments	1,446,681	1,272,513	1,264,843	1,285,141	1,311,105	1,298,990	1,374,292	1,271,163	1,293,746	1,374,998	1,311,565	1,318,823	1,307,552	1,403,781	1,609,825	1,695,864	1,666,476	1,562,813	1,582,462	1,635,500	1,731,918	1,778,809	1,799,069	1,768,001	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	625,302	617,611	631,979	873,783	950,864	1,018,481	788,514	998,054	658,441	765,855	760,016	939,335	958,369	945,516	955,248	1,058,125	1,205,922	1,160,919	1,152,793	1,198,400	1,198,400	1,352,531	1,258,880	1,085,453	1,137,665	0	0	0
Net Invested Capital	1,534,226	1,470,798	1,646,467	1,936,195	1,766,974	1,831,188	1,696,294	1,885,436	1,767,132	1,746,201	1,731,413	1,957,848	1,956,176	2,002,209	2,002,795	2,170,295	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	0	202,029	179,728	172,810	156,011	160,411	122,449	96,168	233,636	144,960	135,728	135,322	93,771	94,556	107,771	96,454	66,887	68,383	70,898	73,648	73,648	81,536	84,166	85,050	73,084	0	0	0
Net Tangible Assets	0	702,236	0	706,197	684,130	678,127	693,835	726,204	814,977	794,607	780,379	765,508	763,915	810,027	810,692	821,611	815,195	806,558	787,175	759,556	728,225	708,482	700,189	693,079	0	0	0	0
Net Working Capital	0	-7,703,042	0	-5,767,298	-5,760,700	-5,301,090	-5,042,564	-4,276,531	1,423,849	1,117,349	4,805,686	4,937,414	4,967,561	-77,973	-863,282	-938,307	-887,859	-790,506	-801,633	-948,407	-5,358,033	6,517,300	6,579,649	6,447,748	6,441,966	0	0	0
Non Current Assets Total	1,627,961	364,458	1,445,243	1,467,549	1,512,370	1,501,169	1,572,247	1,468,075	1,492,251	1,503,389	1,439,779	1,447,400	1,437,048	1,550,182	1,757,658	1,843,602	1,814,806	1,708,503	1,726,111	1,813,935	0	1,855,988	1,878,981	1,895,840	1,925,567	0	0	0
Non Current Liabilities Other	0	0	0	1,174,226	1,046,633	1,121,916	968,332	1,115,698	946,172	809,095	808,614	1,050,000	1,050,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	921,325	868,702	1,042,836	1,327,019	8,422,078	8,044,281	1,120,761	1,268,005	1,069,244	932,088	931,528	1,172,834	1,172,755	1,172,676	1,172,597	1,329,178	1,327,246	1,262,246	1,243,110	1,284,110	0	1,456,110	1,376,110	1,351,110	1,291,110	0	0	0
Non Currrent Assets Other	-1,627,961	-1,151,848	-56,779	-46,112	-48,703	-45,791	-33,265	-22,119	141,139	-9,861	-13,516	-15,607	-11,691	-16,206	-15,647	-4,933	-5,480	-5,392	-7,014	-16,310	0	-22,787	-23,219	-1,754,991	-1,777,017	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	2,334	2,090	1,935	1,891	3,686	2,610	1,451	817	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	6,574,841	8,927,073	6,456,022	6,355,824	6,153,361	5,770,085	5,302,528	4,825,857	4,604,124	4,738,024	7,532,844	7,751,098	7,770,893	7,977,047	8,130,723	8,098,810	9,800,205	9,572,763	9,652,937	9,938,282	6,093,875	10,291,790	10,409,445	10,319,434	10,362,334	0	0	0
Other Current Assets	0	214,444	0	181,845	-228,955	206,560	-303,030	153,153	4,604,124	4,454,332	4,591,757	4,744,676	4,800,605	4,787,425	4,528,161	4,286,398	4,413,630	4,500,845	4,538,278	4,565,003	58,490	4,766,578	4,800,422	4,511,350	4,597,514	0	0	0
Other Current Liab	0	51,200	0	7,286,726	7,044,199	6,588,122	6,202,854	5,691,701	5,630,871	5,626,377	1,194,068	5,678,079	1,283,210	0	0	0	0	0	0	0	0	-62,514	-71,834	-80,006	-69,234	0	0	0
Other Liab	0	0	0	0	300	0	0	0	0	0	0	0	0	0	0	86,303	0	0	57,967	47,308	60,133	0	0	0	0	0	0	0
Other Stockholder Equity	192,701	194,103	195,275	194,782	194,694	191,970	190,337	208,109	262,510	299,273	299,547	304,448	305,569	359,553	359,028	358,277	372,675	372,448	370,965	367,459	-18,164	367,505	359,008	359,008	359,008	0	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	215,118	159,767	159,875	161,883	181,759	182,673	0	0	0	0	108,708	109,071	109,990	126,895	128,327	128,232	128,824	126,497	124,456	123,503	123,503	122,350	121,683	121,656	129,357	0	0	0
Property Plant And Equipment Net	162,087	159,767	159,875	161,883	181,759	182,673	178,449	177,406	37,860	108,885	108,708	109,071	109,990	126,895	128,327	128,232	128,824	126,497	124,456	123,503	0	122,350	121,683	121,656	129,357	0	0	0
Property Plant Equipment	0	159,767	0	42,380	41,772	182,673	178,449	37,929	37,860	108,885	108,708	109,071	109,990	126,895	128,327	128,232	128,824	126,497	124,456	123,930	123,503	122,350	121,683	121,656	0	0	0	0
Retained Earnings	610,802	630,933	611,829	607,544	590,375	588,495	570,588	565,963	553,167	489,854	472,823	456,861	442,402	433,929	432,227	447,506	444,124	431,521	419,590	393,662	393,662	379,232	367,681	357,258	387,829	0	0	0
Retained Earnings Total Equity	0	0	0	607,544	590,375	588,495	570,588	565,963	553,167	489,854	472,823	456,861	442,402	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	285,000	195,000	350,000	385,000	440,000	435,000	415,000	365,000	0	0	0	0
Short Long Term Debt Total	921,325	868,702	1,042,836	1,327,019	1,199,305	1,274,466	1,120,761	1,268,005	932,649	932,088	931,528	1,172,834	1,172,755	1,172,676	1,172,597	1,329,178	1,327,246	1,262,246	1,243,110	1,284,110	1,284,110	1,456,110	1,376,110	1,351,110	1,291,110	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	118,175	130,543	93,311	1,283,210	1,283,210	0	0	1,671,639	285,000	195,000	350,000	385,000	440,000	435,000	415,000	365,000	0	0	0	0
Short Term Investments	1,217,502	1,039,821	1,027,676	1,045,883	1,057,621	1,052,329	1,124,801	1,145,785	1,175,319	1,220,391	1,194,068	1,190,201	1,225,083	1,317,724	1,519,784	1,601,303	1,568,752	1,485,202	1,501,222	1,586,051	1,586,051	1,628,121	1,649,665	1,665,697	1,687,157	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	9,716,327	9,345,700	9,519,526	9,495,302	9,127,804	8,739,979	8,151,242	7,805,836	7,638,399	7,489,305	7,532,844	7,751,098	7,770,893	7,977,047	8,130,723	8,098,810	7,985,399	7,864,260	7,926,826	8,124,347	8,124,347	8,435,802	8,530,464	8,423,594	8,436,767	0	0	0
Total Current Assets	1,513,525	54,169	1,618,261	1,671,929	1,462,073	1,468,725	1,276,467	1,511,904	1,542,024	1,247,892	6,093,065	6,303,698	6,333,845	6,426,865	6,373,065	6,255,208	6,170,593	6,155,757	6,200,715	6,310,412	1,900,786	6,579,814	6,651,483	6,527,754	6,511,200	0	0	0
Total Current Liabilities	0	7,757,211	0	7,439,227	7,222,773	6,769,815	6,319,031	5,788,435	118,175	130,543	1,287,379	1,366,284	1,366,284	6,504,838	7,236,347	7,193,515	7,058,452	6,946,263	7,002,348	7,258,819	7,258,819	62,514	71,834	80,006	69,234	0	0	0
Total Liab	8,711,591	8,625,913	8,798,570	8,766,246	8,422,078	8,044,281	7,439,792	7,056,440	6,806,526	6,676,643	6,733,776	6,966,084	6,987,472	7,147,514	7,300,525	7,257,693	7,150,698	7,038,509	7,120,458	7,376,929	7,376,929	7,708,127	7,811,082	7,711,322	7,683,317	0	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	736,068	722,761	723,552	731,390	707,816	697,633	713,341	753,082	834,483	814,113	799,885	785,014	783,421	829,533	830,198	841,117	834,701	825,751	806,368	747,418	747,418	727,675	719,382	712,272	753,450	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-46,373	-46,373	-46,373	-46,373	-17,908	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Begin Period Cash Flow	290,601	274,208	214,386	121,324	85,710	153,445	134,989	138,282	188,831
Capital Expenditures	10,933	10,629	6,577	5,573	14,262	10,044	8,606	8,535	15,028
Cash And Cash Equivalents Changes	0	16,393	59,822	93,062	0	0	0	0	0
Cash Flows Other Operating	0	-283,026	-38,848	-26,990	0	0	0	0	0
Change In Cash	31,271	16,393	59,822	93,062	35,614	-67,735	18,456	-3,293	-50,549
Change In Working Capital	-30,302	5,730	30,525	-13,815	12,149	-5,246	7,411	4,268	-4,772
Change Receivables	0	-15,348	-4,432	-446	0	0	0	0	0
Change To Account Receivables	-34,449	-15,348	-4,432	-446	15,426	3,655	-1,257	-7,937	-3,118
Change To Inventory	4,147	0	0	0	0	5,824	-247	-308	-2,350
Change To Liabilities	0	21,078	34,957	-13,369	-3,277	-8,901	14,373	16,935	1,134
Change To Netincome	0	151,753	-54,422	64,699	7,815	13,031	13,774	38,291	44,980
Change To Operating Activities	0	0	0	0	0	0	-5,705	-4,730	-2,788
Depreciation	6,842	5,883	7,269	9,385	7,094	8,543	9,040	9,130	8,381
Dividends Paid	12,063	12,230	12,230	12,230	1,511,766	40,000	0	0	0
End Period Cash Flow	321,872	290,601	274,208	214,386	121,324	85,710	153,445	134,989	138,282
Exchange Rate Changes	0	0	0	0	0	0	0	0	0
Free Cash Flow	15,788	-59,789	60,854	51,674	64,130	52,117	64,676	66,733	48,606
Investments	-615,916	-1,477,039	94,200	286,339	205,843	206,509	7,567	-322,228	74,030
Issuance Of Capital Stock	0	0	0	0	29,218	17,908	0	0	0
Net Borrowings	0	134,824	-244,118	-154,729	42,250	-6,118	192,000	185,976	14,113
Net Income	30,789	61,963	110,311	-1,722	51,334	45,833	43,057	23,579	15,045
Other Cashflows From Financing Activities	914,668	2,572,474	384,728	782,912	3,021,837	987,713	1,467,107	2,273,203	2,000,507
Other Cashflows From Investing Activities	0	90,422	297,696	8,899	-2,745	-254	-40,444	-69,097	-357,862
Other Non Cash Items	18,125	-133,681	-91,456	72,605	3,530	10,595	-5,458	-4,422	-438
Sale Purchase Of Stock	-5,456	-73,123	-48,038	-70,295	-30,160	-17,908	0	0	0
Stock Based Compensation	6,775	5,788	4,782	2,307	6,365	166	4,548	46,704	47,733
Total Cash From Financing Activities	611,168	1,462,799	-392,928	-250,524	-248,621	-336,405	-62,393	243,667	258,707
Total Cash From Operating Activities	26,721	-49,160	67,431	57,247	78,392	62,161	73,282	75,268	63,634
Total Cashflows From Investing Activities	0	-1,397,246	385,319	286,339	205,843	206,509	7,567	-322,228	-372,890

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31
Begin Period Cash Flow	308,952	445,061	485,777	290,601	302,134	354,055	276,194	274,208	166,233	171,512	233,499	214,386	227,160	217,349	271,053	121,324	101,327	90,317	89,689	103,579	103,579	117,230	265,657	153,445	196,440	126,948	124,895	134,989
Capital Expenditures	2,616	1,070	3,509	3,738	2,597	3,539	2,576	1,917	2,086	2,223	1,463	805	1,727	515	2,010	1,321	5,878	3,933	2,500	4,488	4,488	2,034	1,618	1,904	0	268	1,056	1,324
Cash And Cash Equivalents Changes	0	0	0	195,176	-11,533	-51,921	77,861	1,986	107,975	-5,279	-61,987	19,113	-12,774	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	-68,644	-73,272	-81,551	-82,153	-46,050	-26,004	-11,421	1,159	-2,582	-1,106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	12,920	-136,109	-40,716	195,176	-11,533	-51,921	77,861	1,986	107,975	-5,279	-61,987	19,113	-12,774	9,811	-53,704	149,729	19,997	11,010	628	-17,869	-17,869	-13,651	-148,427	112,212	-42,995	69,492	2,053	-10,094
Change In Working Capital	-38,206	11,583	8,755	-12,434	-1,772	27,940	-8,151	-12,287	36,042	-8,396	12,413	-9,534	-13,288	6,676	4,845	-12,048	-15,279	27,646	6,436	-1,359	210,281	-4,883	-3,456	4,452	-29,876	28,831	12,816	-4,360
Change Receivables	0	0	0	-7,553	-1,173	-58	-13,874	-243	-545	-2,663	2,005	-3,229	-4,331	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-18,200	-8,224	-472	-7,553	-1,173	-58	-13,874	-243	-545	-2,663	2,005	-3,229	-4,331	10,436	-5,012	-1,539	-1,491	7,399	741	1,112	1,112	4,618	4,604	-6,679	15,799	-19,434	8,523	-6,145
Change To Inventory	0	320,369	283,653	0	-41,169	0	0	0	12,396,763	0	-6,093,065	-6,303,698	-6,333,845	-6,426,865	-6,373,065	-6,255,208	-6,170,593	-6,155,757	1,419	1,452	0	1,454	1,475	1,443	-4,199	1,465	1,242	1,245
Change To Liabilities	0	19,807	9,227	-4,881	-599	27,998	5,723	-12,044	36,587	-5,733	10,408	-6,305	-8,957	-3,760	9,857	-10,509	-13,788	20,247	5,695	-15,431	-2,471	-9,501	-8,060	11,131	0	48,265	0	0
Change To Netincome	0	13,328	13,328	39,807	35,893	-33,733	42,489	27,899	-51,298	-2,576	-5,249	-698	9,581	12,967	32,266	9,885	3,119	889	-415	4,222	5,941	5,785	3,686	-2,381	0	-4,727	0	0
Change To Operating Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,480	1,795	2,275	1,292	1,956	1,481	1,294	1,152	1,520	2,091	1,872	1,786	3,473	1,993	1,960	1,959	1,214	1,928	2,010	2,460	2,460	1,997	1,945	2,141	2,253	2,321	2,039	2,427
Dividends Paid	3,008	3,015	3,023	3,017	3,014	3,013	3,049	3,154	3,154	3,154	3,154	0	0	0	0	0	0	0	0	0	0	0	0	40,000	0	0	0	0
End Period Cash Flow	321,872	308,952	445,061	485,777	290,601	302,134	354,055	276,194	274,208	166,233	171,512	233,499	214,386	227,160	217,349	271,053	121,324	101,327	90,317	85,710	85,710	103,579	117,230	265,657	153,445	196,440	126,948	124,895
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-16,881	47,755	7,448	-22,534	-19,621	13,069	-39,202	-14,035	25,175	5,927	23,535	6,217	5,212	22,823	21,782	1,857	-3,349	38,461	18,388	16,984	16,984	12,416	10,980	11,737	-15,312	43,767	31,802	12,757
Investments	-374,614	21,455	-71,354	-186,397	-395,122	27,369	-235,369	-242,837	-76,505	-69,674	10,472	67,155	181,244	133,629	-103,332	74,798	-94,307	76,013	-6,453	230,590	52,509	12,715	6,132	-3,234	0	186,843	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-167,990	-268,751	158,303	-63,610	150,000	-149,998	198,432	198,432	198,432	-244,118	-244,118	-244,118	-244,118	-156,654	1,925	63,561	19,136	55,000	-95,447	-171,118	80,000	25,000	60,000	0	-18,000	0	0
Net Income	-17,940	21,741	7,046	19,942	18,611	20,876	7,602	14,874	64,310	16,397	15,145	14,459	8,473	1,702	-15,279	3,382	13,475	11,931	12,857	14,430	14,430	11,551	10,423	9,429	8,818	17,342	10,390	6,507
Other Cashflows From Financing Activities	1,022,951	117,341	392,845	1,272,527	856,077	535,268	741,153	439,976	204,494	-48,531	282,329	-53,564	-95,903	133,629	660,902	365,069	914,909	218,467	351,193	180,183	288,594	111,365	308,933	387,232	471,725	297,307	719,279	-21,204
Other Cashflows From Investing Activities	0	5,046	12,096	8,030	13,807	-5,605	11,566	58,566	192,962	-66	8,794	1,173	980	-29	9,137	-1,189	-2,762	-2,002	228,588	4,360	7,225	-3,400	-1,527	-2,552	0	-29,363	0	0
Other Non Cash Items	40,899	12,113	-4,598	-30,289	-36,944	-36,236	-40,212	-20,289	-76,419	-7,308	-7,382	-347	2,973	11,689	33,575	24,368	-111	650	1,499	528	-1,452	4,554	2,711	2,968	-9,040	-7,062	6,913	8,279
Sale Purchase Of Stock	395	-2,725	-1,390	-1,736	-50	-17	-17,240	-55,816	-38,151	-1,453	-6,566	-1,868	-55,054	0	0	-15,241	-1,695	0	0	-17,908	0	0	0	0	0	0	0	0
Stock Based Compensation	1,756	1,538	1,656	1,825	1,601	1,651	1,276	1,260	1,226	1,173	1,626	757	641	524	750	392	1,916	1,483	1,474	1,492	0	6,008	4,186	4,411	-7,534	-5,597	8,155	9,524
Total Cash From Financing Activities	401,799	-206,389	19,681	396,077	389,403	532,238	340,866	200,292	-33,657	-49,984	-253,855	-55,432	-200,957	-147,156	25,836	71,753	111,775	-107,397	-13,807	-327,935	-327,935	-93,635	107,933	-22,768	-30,275	-119,693	138,779	-51,204
Total Cash From Operating Activities	-14,265	48,825	10,957	-18,796	-17,024	16,608	-36,626	-12,118	27,261	8,150	24,998	7,022	6,939	23,338	23,792	3,178	2,529	42,394	20,888	21,472	21,472	14,450	12,598	13,641	-15,312	43,767	30,746	14,081
Total Cashflows From Investing Activities	0	21,455	21,455	-182,105	-383,912	-600,767	-226,379	-186,188	114,371	36,555	166,870	67,523	181,244	133,629	-103,332	74,798	-94,307	76,013	224,137	230,590	288,594	65,534	-268,958	121,339	0	145,418	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Cost Of Revenue	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	6,842	5,883	7,269	9,385	7,094	8,543	9,040	9,130	8,381
Discontinued Operations	0	0	0	0	0	0	0	0	0
Ebit	15,109	63,310	146,630	-4,334	64,031	147,885	140,659	80,684	59,473
Ebitda	21,951	69,193	153,899	5,051	71,125	156,428	149,699	89,814	67,854
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-9,564	0	0
Gross Profit	328,909	266,665	205,141	263,095	271,084	272,032	281,195	253,489	227,041
Income Before Tax	41,328	63,310	112,921	-4,334	64,031	57,566	77,049	33,790	23,559
Income Tax Expense	10,539	16,621	33,709	-2,612	12,697	11,733	33,992	10,211	8,514
Interest Expense	222,115	72,111	42,703	71,002	99,886	90,319	63,610	46,894	35,914
Interest Income	516,384	266,665	205,141	260,554	312,974	309,358	273,320	238,827	208,199
Minority Interest	1,039	-1,347	-2,610	0	0	0	0	0	0
Net Income	32,490	46,689	79,212	-1,722	51,334	45,833	43,057	23,579	15,045
Net Income Applicable To Common Shares	0	63,310	112,921	-1,722	51,334	45,833	43,057	23,579	15,045
Net Income From Continuing Ops	70,547	63,310	112,921	-1,722	51,334	45,833	43,057	23,579	15,045
Net Interest Income	326,965	266,665	205,141	189,552	213,088	219,039	209,710	191,933	172,285
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0
Operating Income	21,951	63,310	146,630	-4,334	64,031	147,885	140,659	80,684	59,473
Other Items	0	0	0	0	0	0	0	0	0
Other Operating Expenses	21,951	203,355	58,511	267,429	207,053	124,147	140,536	172,805	167,568
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	7,318	5,883	7,269	9,385	7,094	8,543	9,040	0	0
Research Development	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	12,811	11,620	3,382	1,600	0	0	0	0	0
Selling General Administrative	144,107	54,557	33,852	117,610	141,423	148,016	139,424	136,812	129,809
Tax Provision	19,138	16,621	33,709	-2,612	12,697	11,733	33,992	10,211	8,514
Total Operating Expenses	21,951	-203,355	-58,511	-267,429	-207,053	-124,147	-140,536	-172,805	-167,568
Total Other Income Expense Net	19,377	0	-33,709	-71,002	-99,886	-90,319	-63,610	-46,894	-35,914
Total Revenue	328,909	266,665	205,141	263,095	271,084	272,032	281,195	253,489	227,041

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31
Cost Of Revenue	0	0	0	0	0	0	0	0	-14,903	-13,434	-18,222	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	1,480	1,795	2,275	1,292	1,956	1,481	1,294	1,152	1,520	2,091	1,872	1,786	3,473	1,993	1,960	1,959	1,214	1,928	2,010	2,460	2,460	1,997	1,945	2,141	2,253	2,321	2,039	2,427
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	-20,095	13,261	83,877	62,983	18,766	20,920	21,929	29,381	94,790	32,077	31,599	30,867	23,041	18,709	-1,440	26,358	39,778	40,803	41,818	40,607	15,505	38,933	38,114	30,231	44,412	42,139	30,117	23,991
Ebitda	-18,615	15,056	86,152	64,275	20,722	22,401	23,223	30,533	96,310	34,168	33,471	32,653	26,514	20,702	520	28,317	40,992	42,731	43,828	43,067	0	40,930	40,059	32,372	46,665	44,460	32,156	26,418
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	57,152	89,137	83,877	82,333	82,178	69,897	58,945	55,645	55,780	51,821	68,193	61,731	60,167	65,640	66,142	71,146	68,676	66,436	67,936	68,778	70,153	68,583	68,093	66,578	70,271	79,156	69,200	62,568
Income Before Tax	-20,912	26,740	8,919	20,186	18,766	20,920	7,674	15,950	65,469	17,031	15,962	18,107	8,538	2,140	-19,284	4,272	15,803	15,199	16,381	15,505	15,505	14,941	16,187	10,933	27,058	25,779	14,889	9,323
Income Tax Expense	-2,972	-5,864	-1,873	42,797	4,746	5,864	2,033	3,978	20,172	5,454	4,435	3,648	65	438	-4,005	890	2,328	3,268	3,524	1,075	1,075	3,390	5,764	1,504	18,240	8,437	4,499	2,816
Interest Expense	63,892	19,240	54,620	42,797	31,196	19,240	12,222	9,453	9,149	9,592	11,202	12,760	14,503	16,569	17,844	22,086	23,975	25,604	25,437	25,102	25,102	23,992	21,927	19,298	17,354	16,360	15,228	14,668
Interest Income	145,569	139,383	83,877	125,130	82,178	69,897	58,945	55,645	55,780	51,821	49,971	60,329	63,155	61,917	64,167	71,315	75,237	78,204	79,226	80,307	0	0	0	0	0	0	0	0
Minority Interest	817	378	262	-244	-155	-44	-72	-1,076	-1,159	634	-817	-817	-817	-817	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-17,123	22,119	7,308	-22,611	14,020	15,056	5,641	11,972	65,469	17,031	15,962	14,459	8,473	1,702	-15,279	3,382	13,475	11,931	12,857	14,430	14,430	11,551	10,423	9,429	8,818	17,342	10,390	6,507
Net Income Applicable To Common Shares	0	22,119	22,119	20,186	18,766	20,920	7,674	15,950	65,469	17,031	15,962	14,459	8,473	1,702	-15,279	3,382	13,475	11,931	12,857	13,071	14,430	11,551	10,423	9,429	0	17,342	0	0
Net Income From Continuing Ops	-17,940	21,741	7,046	20,186	18,766	20,920	7,674	15,950	65,469	17,031	15,962	14,459	8,473	1,702	-15,279	3,382	13,475	11,931	12,857	13,071	14,430	11,551	10,423	9,429	0	17,342	0	0
Net Interest Income	81,677	78,577	83,877	82,333	82,178	69,897	58,945	55,645	55,780	51,821	49,971	47,569	48,652	45,348	46,323	49,229	51,262	52,600	53,789	55,437	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-20,095	15,056	83,877	62,983	18,766	20,920	21,929	29,381	94,790	32,077	31,599	30,867	23,041	11,540	21,599	16,652	39,778	40,803	41,818	40,607	23,589	38,933	38,114	30,231	44,412	42,139	30,117	23,991
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	77,247	74,081	9,937	19,350	63,412	48,977	37,016	26,264	117,314	13,434	18,222	1	37,126	54,100	44,543	54,494	28,898	25,633	26,118	28,171	612	29,650	29,979	36,347	25,859	37,017	39,083	38,577
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,480	1,795	2,275	1,292	1,956	1,481	1,294	1,152	1,520	2,091	1,872	1,786	3,473	1,993	1,960	1,959	1,214	1,928	2,010	2,460	2,460	1,997	1,945	2,141	2,253	2,321	2,039	2,427
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	3,169	2,724	4,332	2,586	3,329	2,066	3,253	2,972	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	35,584	12,752	15,745	13,775	13,972	13,734	16,233	15,483	11,675	30,679	32,498	28,182	34,190	30,166	22,810	30,444	36,900	34,459	35,234	40,583	43,844	35,545	36,400	35,488	35,548	35,759	33,846	34,271
Tax Provision	-2,972	6,337	1,873	5,301	4,746	5,864	2,033	3,978	20,172	5,454	4,435	3,648	65	438	-4,005	890	2,328	3,268	3,524	3,577	0	0	0	0	0	0	0	0
Total Operating Expenses	-77,247	-74,081	0	-19,350	-63,412	-48,977	-37,016	-26,264	-102,411	-33,178	-36,594	-30,864	-37,126	-54,100	-44,543	-54,494	-28,898	-25,633	-26,118	-28,171	78,000	-29,650	-29,979	-36,347	-25,859	-37,017	-39,083	-38,577
Total Other Income Expense Net	-817	11,684	-74,958	-42,797	0	0	-14,255	-13,431	-10,308	-15,046	-15,637	-12,760	-14,503	-11,540	-21,600	-16,652	-23,975	-25,604	-25,437	-25,102	-8,084	-23,992	-21,927	-19,298	-17,354	-16,360	-15,228	-14,668
Total Revenue	57,152	89,137	83,877	82,333	82,178	69,897	58,945	55,645	55,780	51,821	49,971	61,732	60,167	65,640	66,142	71,146	68,676	66,436	67,936	68,778	68,778	68,583	68,093	66,578	70,271	79,156	69,200	62,568

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	328,909
Cost of Revenue	-0
Gross Profit	328,909	328,909

Operating Income (+$)
Gross Profit	328,909
Operating Expense	-21,951
Operating Income	21,951	306,958

Operating Expense (+$)
Research Development	0
Selling General Administrative	144,107
Selling And Marketing Expenses	12,811
Operating Expense	21,951	156,918

Net Interest Income (+$)
Interest Income	516,384
Interest Expense	-222,115
Other Finance Cost	-32,696
Net Interest Income	326,965

Pretax Income (+$)
Operating Income	21,951
Net Interest Income	326,965
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	41,328	2,574 EBIT - interestExpense = -207,006 43,029 254,605
Interest Expense	222,115
Earnings Before Interest and Taxes (EBIT)	15,109	263,443
Earnings Before Interest and Taxes (EBITDA)	21,951

After tax Income (+$)
Income Before Tax	41,328
Tax Provision	-19,138
Net Income From Continuing Ops	70,547	22,190
Net Income	32,490
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	21,951
Total Other Income/Expenses Net	19,377	-326,965

Technical Analysis of Amerant Bancorp Inc.
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Amerant Bancorp Inc.. The general trend of Amerant Bancorp Inc. is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Amerant Bancorp Inc.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator State	Bullish trend		Bearish trend
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Amerant Bancorp Inc..

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 22.86 < 23.00 < 23.43.

The bearish price targets are: 20.64 > 20.60 > 20.50.

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Amerant Bancorp Inc. Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Amerant Bancorp Inc.. The current mas is .

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Amerant Bancorp Inc. Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Amerant Bancorp Inc.. The current adx is .

Amerant Bancorp Inc. Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Amerant Bancorp Inc..

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Amerant Bancorp Inc. Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Amerant Bancorp Inc..

Amerant Bancorp Inc. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Amerant Bancorp Inc..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-12	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-26	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-04	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-05	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-11	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-16	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-22	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-24	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-31	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-27	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-28	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-06	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-07	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-08	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-18	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-26	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-04-23	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-26	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-05-01	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-05-02	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside

6.3. Candlestick Patterns

Amerant Bancorp Inc. Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Amerant Bancorp Inc. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	22.790
Total			1/1 (100.0%)

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Amerant Bancorp Inc. Buy, Hold or Sell?

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Quick analysis of Amerant Bancorp Inc. (30 sec.)

What can you expect buying and holding a share of Amerant Bancorp Inc.? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Amerant Bancorp Inc. (5 min.)

$22.61

$29.81

$-28.27 - $-34.11

$1.54 - $-4.31

2. Growth of Amerant Bancorp Inc. (5 min.)

Is Amerant Bancorp Inc. growing?

How much money is Amerant Bancorp Inc. making?

How much money comes from the company's main activities?

3. Financial Health of Amerant Bancorp Inc. (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Amerant Bancorp Inc.? (5 min.)

What can you expect buying and holding a share of Amerant Bancorp Inc.?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Amerant Bancorp Inc.

About Amerant Bancorp Inc.

Financial Health

Valuation

1.1. Profitability of Amerant Bancorp Inc..

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Amerant Bancorp Inc..

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Amerant Bancorp Inc..

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Amerant Bancorp Inc..

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Amerant Bancorp Inc.

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Amerant Bancorp Inc.
Buy, Hold or Sell?