Amerant bancorp inc. reports fourth quarter and full-year results

Coral gables, fla., jan. 29, 2021 (globe newswire) -- amerant bancorp inc. (nasdaq: amtb and amtbb) (the “company” or “amerant”) today reported net income of $8.5 million in the fourth quarter of 2020, compared to net income of $1.7 million reported in the third quarter of 2020 and net income of $13.5 million reported in the fourth quarter of 2019. net loss for the full-year 2020 was $1.7 million, compared to net income of $51.3 million for the full-year 2019. net loss for the full-year 2020 was primarily driven by $88.6 million in provision for loan losses during the period. operating income was $7.5 million in the fourth quarter of 2020, compared to $11.5 million in the third quarter of 2020 and $14.8 million in the fourth quarter of 2019. operating income was $57.3 million in the full-year 2020, compared to $58.3 million in the full-year 2019.
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