Amerant Bancorp Files 8-K

TL;DR

AMTB filed an 8-K, something happened but details are scarce.

AI Summary

Amerant Bancorp Inc. filed an 8-K on December 11, 2024, to report other events. The filing does not contain specific details about the nature of these events, their financial implications, or any associated dates beyond the filing date itself.

Why It Matters

This filing indicates a material event has occurred for Amerant Bancorp Inc., requiring public disclosure, though the specific nature of the event is not detailed in the provided text.

Risk Assessment

Risk Level: low — The filing is a standard disclosure form without immediate negative or positive financial implications detailed within the provided text.

Key Players & Entities

• Amerant Bancorp Inc. (company) — Registrant
• 0001734342-24-000066 (filing_id) — Accession Number
• December 11, 2024 (date) — Filing Date
• Mercantil Bank Holding Corp (company) — Former Company Name
• Florida (location) — State of Incorporation
• 65-0032379 (tax_id) — IRS Employer Identification Number

FAQ

Key Financial Figures

• $20 million — and authorized the repurchase of up to $20 million of the Company's shares of Class A comm
• $12.4 million — ommon stock. Currently, the Company has $12.4 million available for repurchase under the Repu

Filing Documents

• amtb-20241211.htm (8-K) — 32KB
• amtb-20241211_g1.jpg (GRAPHIC) — 4KB
• 0001734342-24-000066.txt ( ) — 163KB
• amtb-20241211.xsd (EX-101.SCH) — 2KB
• amtb-20241211_lab.xml (EX-101.LAB) — 21KB
• amtb-20241211_pre.xml (EX-101.PRE) — 12KB
• amtb-20241211_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On December 11, 2024, the Board of Directors of Amerant Bancorp Inc. (the "Company") approved to extend the expiration date of the Company's current share repurchase program that was set to expire on December 31, 2024 to December 31, 2025 (the "Repurchase Program"). The Repurchase Program was previously extended on December 6, 2023 and authorized the repurchase of up to $20 million of the Company's shares of Class A common stock. Currently, the Company has $12.4 million available for repurchase under the Repurchase Program. Under the Repurchase Program, the Company may repurchase shares of the Class A common stock through open market purchases, by block purchase, in privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The extent to which the Company repurchases its shares of Class A common stock and the timing of such purchases will depend upon market conditions, regulatory requirements, other corporate liquidity requirements and priorities and other factors as may be considered in the Company's sole discretion. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The Repurchase Program does not obligate the Company to repurchase any particular amount of Class A common stock and may be suspended or discontinued at any time without notice.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 11, 2024 Amerant Bancorp Inc. By: /s/ Julio V. Pena Name: Julio V. Pena Title: Senior Vice President, Associate General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR