Amerant bancorp inc. reports third quarter results

Coral gables, fla., oct. 29, 2020 (globe newswire) -- amerant bancorp inc. (nasdaq: amtb and amtbb) (the “company” or “amerant”) today reported third quarter of 2020 net income of $1.7 million, compared to a net loss of $15.3 million reported in the second quarter of 2020 and net income of $11.9 million reported in the third quarter of 2019. net loss for the nine months ended september 30, 2020 was $10.2 million, compared to net income of $37.9 million reported in the nine months ended september 30, 2019. operating income was $11.5 million in the third quarter of 2020, down 46.6% from $21.6 million in the second quarter of 2020, and down 9.8% from $12.8 million in the same period of 2019. operating income was $49.8 million for the nine months ended september 30, 2020, up 14.5% from $43.5 million in the same period of 2019.
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