Amerant Bancorp Inc. Financial Ratios — AMTB Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	13.23	11.5	11.6	12.12	-0.38	22.52	11.01	5.38	-2.62	8.66
Return on Assets (%)	- -	0.56	0.51	0.55	0.64	-0.02	1.47	0.76	0.34	-0.16	0.53
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.69	3.6	3.21	3.14	2.62	3.57	2.74	1.87	2.08	2.16	1.59
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	10.38	13.33	27.4	21.16	23.62	-1.65	54.34	24.95	12.57	-7.89	15.77
Profit Margin (%)	6.63	9.3	15.31	16.85	18.94	-0.66	42.6	20.1	9.88	-5.16	12.5
Net Income to Common Margin (%)	6.63	9.3	15.31	16.85	18.94	-0.66	42.6	20.1	9.88	-5.16	12.5
Effective Tax Rate (%)	36.14	30.22	44.12	20.38	19.83	- -	23.41	21.15	25.5	- -	20.75
Dvd Payout Ratio (%)	- -	- -	- -	87.27	- -	- -	- -	20.18	41.47	-81.38	28.8
Sustainable Growth Rate (%)	- -	13.23	11.5	1.48	12.12	-0.38	22.52	8.79	3.15	-4.76	6.17

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	1,049	1,291	1,284	1,327	1,173	1,069	1,199	921	1,005	923
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	60	- -
LT Debt	- -	1,049	1,291	1,284	1,327	1,173	1,069	1,199	921	945	923
Total Debt/EBITDA	- -	114.91	142.82	150.31	187.09	124.96	147.1	203.86	134.66	152.23	138.11
Net Debt/EBITDA	- -	100.12	125.85	140.28	169.99	102.12	90.58	137.81	73.39	50.41	51.15
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	4.23	4.65	4.9	5.62	5.74	7.29	6.5	6.32	5.92	6.38
Long-Term Debt/Equity (%)	- -	148.87	171.36	171.81	159.01	149.7	128.53	169.94	125.17	106.11	98.36
Long-Term Debt/Capital (%)	- -	74.64	76.71	76.33	74.73	72.44	65.86	66.96	60	59.38	59.69
Long-Term Debt/Total Assets (%)	- -	12.44	15.3	15.81	16.62	15.09	14	13.14	9.48	9.54	9.44
Total Debt/Equity (%)	- -	148.87	171.36	171.81	159.01	149.7	128.53	169.94	125.17	112.83	98.36
Total Debt/Capital (%)	- -	74.64	76.71	76.33	74.73	72.44	65.86	66.96	60	63.14	59.69
Total Debt/Total Assets (%)	- -	12.44	15.3	15.81	16.62	15.09	14	13.14	9.48	10.15	9.44
Net Debt to Equity	- -	129.71	150.99	160.34	144.47	122.33	79.15	114.88	68.22	37.36	36.43
Net Debt/Capital (%)	- -	71.95	74.37	75.06	72.88	68.23	48.8	52.56	40.51	32.45	31.58
EBITDA	8	9	9	9	7	9	7	6	7	7	7
EBITDA-CapEx	-7	1	- -	-2	-7	4	1	-5	-4	-1	-1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	4.23	4.65	4.9	5.62	5.74	7.29	6.5	6.32	5.92	6.38
Long-Term Debt/Equity (%)	- -	148.87	171.36	171.81	159.01	149.7	128.53	169.94	125.17	106.11	98.36
Long-Term Debt/Capital (%)	- -	74.64	76.71	76.33	74.73	72.44	65.86	66.96	60	59.38	59.69
Long-Term Debt/Total Assets (%)	- -	12.44	15.3	15.81	16.62	15.09	14	13.14	9.48	9.54	9.44
Total Debt/Equity (%)	- -	148.87	171.36	171.81	159.01	149.7	128.53	169.94	125.17	112.83	98.36
Total Debt/Capital (%)	- -	74.64	76.71	76.33	74.73	72.44	65.86	66.96	60	63.14	59.69
Total Debt/Total Assets (%)	- -	12.44	15.3	15.81	16.62	15.09	14	13.14	9.48	10.15	9.44
CFO/Total Liabilities	- -	0.97	0.95	0.84	1.1	0.82	0.99	-0.58	0.3	0.91	1.55
CFO/CapEx	4.23	8.82	8.52	6.19	5.5	10.27	10.25	-4.63	2.44	11.11	17.69
Altman's Z-Score	- -	0.09	0.1	0.15	0.19	0.17	0.25	0.19	0.18	0.17	0.19

Working Capital (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	7.24	3.93	3.71	3.86	3.27	2.85	2.53	4.22	- -	- -
Days Sales Outstanding	- -	50.42	92.89	98.44	94.61	111.58	128.26	144	86.56	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	553	927	634	1,284	909	823	801	811
- Cash & Cash Equivalents	- -	135	153	86	121	214	274	248	296	566	464
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	-3	-2	- -	- -	- -
+ Total Debt	- -	1,049	1,291	1,284	1,327	1,173	1,069	1,199	921	1,005	923
Enterprise Value	- -	-1,209	-549	165	564	368	901	800	231	-197	-754
Total Capital	- -	1,406	1,683	1,682	1,776	1,619	1,623	1,791	1,535	1,591	1,547
Total Debt/Capital (%)	- -	74.64	76.71	76.33	74.73	72.44	65.86	66.96	60	63.14	59.69
Total Debt / EV	- -	-0.87	-2.35	7.78	2.35	3.19	1.19	1.5	3.99	-5.1	-1.22
EV/Sales	- -	- -	- -	0.61	2.08	1.4	3.4	2.54	0.7	- -	- -
EV/EBITDA	- -	- -	- -	19.33	79.53	39.18	123.99	135.99	33.79	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	2.66	7.2	6.42	13.37	- -	8.65	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	2.29	6.09	5.85	12.18	- -	6.14	- -	- -
Diluted Market Cap	- -	- -	- -	553	936	634	1,297	916	827	801	814
Diluted Enterprise Value	- -	914	1,138	1,751	2,142	1,593	2,089	1,865	1,453	1,240	1,274
EV per Share	- -	- -	- -	3.89	13.26	8.81	24.25	23.63	6.9	- -	- -
TTM Sales	227	253	281	272	271	263	265	315	329	305	419
TTM EBITDA	8	9	9	9	7	9	7	6	7	7	7
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	64	75	73	62	78	57	67	-49	27	82	137
TTM Free Cash Flow to Firm	79	84	82	72	93	63	74	-39	38	90	145

Multiples (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	7.66	10.1	10.1	17.52	-23.78	21.97	8.94	5.63
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	-1,209	-549	165	564	368	901	800	231	-197	-754
Low Price	- -	- -	- -	10.65	11.83	9.01	13.63	24.41	15.79	18.54	15.62
EV/Sales	- -	- -	- -	0.61	2.08	1.4	3.4	2.54	0.7	- -	- -
EV/EBITDA	- -	- -	- -	19.33	79.53	39.18	123.99	135.99	33.79	- -	- -
Price/Earnings	- -	- -	- -	12.06	18.06	- -	11.37	14.36	25.34	- -	15.48
Price/Earnings Average	- -	- -	- -	25.31	14.76	-347.14	7.49	15.6	21.91	-50.69	15.59
Price/Earnings High	- -	- -	- -	240.33	19.55	-530.8	12.09	19.33	31.08	-61.29	19.35
Price/Earnings Low	- -	- -	- -	9.87	9.8	-218.38	4.49	13.06	16.29	-42.08	12.39
Price/Book Value	- -	- -	- -	1.39	2.07	1.42	2.31	1.53	1.34	1.37	1.3
Price/Book Value Average	- -	- -	- -	2.91	1.69	1.34	1.52	1.66	1.16	1.36	1.31
Price/Book Value High	- -	- -	- -	27.67	2.24	2.05	2.45	2.06	1.64	1.65	1.63
Price/Book Value Low	- -	- -	- -	1.14	1.12	0.84	0.91	1.39	0.86	1.13	1.04
Price/Tangible Book Value	- -	- -	- -	0.76	1.14	0.83	1.58	1.32	1.15	0.92	0.88
Price/Tangible Book Value Average	- -	- -	- -	1.59	0.93	0.78	1.04	1.44	0.99	0.92	0.89
Price/Tangible Book Value High	- -	- -	- -	15.13	1.23	1.2	1.68	1.78	1.41	1.11	1.1
Price/Tangible Book Value Low	- -	- -	- -	0.62	0.62	0.49	0.62	1.2	0.74	0.76	0.71
Price/Sales	- -	- -	- -	2.03	3.42	2.41	4.85	2.89	2.5	2.62	1.93
Price/Sales Average	- -	- -	- -	4.26	2.8	2.27	3.19	3.14	2.16	2.62	1.95
Price/Sales High	- -	- -	- -	40.49	3.7	3.48	5.15	3.89	3.07	3.16	2.42
Price/Sales Low	- -	- -	- -	1.66	1.86	1.43	1.91	2.62	1.61	2.17	1.55
Price/Cash Flow	- -	- -	- -	8.89	11.83	11.08	19.04	-18.49	30.81	9.75	5.92
Price/Cash Flow Average	- -	- -	- -	18.66	9.67	10.44	12.54	-20.1	26.64	9.71	5.96
Price/Cash Flow High	- -	- -	- -	177.2	12.8	15.97	20.24	-24.89	37.79	11.75	7.41
Price/Cash Flow Low	- -	- -	- -	7.28	6.42	6.57	7.51	-16.81	19.8	8.07	4.74
Price/Free Cash Flow Average	- -	- -	- -	16.06	8.25	9.52	11.53	-25.85	19	8.91	5.67
Price/Free Cash Flow High	- -	- -	- -	152.55	10.93	14.55	18.62	-32.02	26.95	10.78	7.04
Price/Free Cash Flow Low	- -	- -	- -	6.27	5.48	5.99	6.91	-21.63	14.12	7.4	4.5
EV/Sales Average	- -	3.61	4.05	8.67	7.24	5.92	6.18	6.15	4.07	4.05	3.04
EV/Sales High	- -	3.61	4.05	44.9	8.15	7.13	8.14	6.9	4.97	4.6	3.52
EV/Sales Low	- -	3.61	4.05	6.07	6.31	5.08	4.9	5.64	3.51	3.61	2.64
EV/EBITDA Average	- -	100.12	125.85	276.04	276.81	165.81	225.33	329.2	195.43	187.46	190.92
EV/EBITDA High	- -	100.12	125.85	1,429.66	311.46	199.51	296.78	369.29	238.96	212.75	220.46
EV/EBITDA Low	- -	100.12	125.85	193.24	240.94	142.19	178.71	301.78	168.73	166.92	165.86
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	13.01	21.79	15.2	34.55	26.84	24.57	22.41	19.51
High Price	- -	- -	- -	259.26	23.59	21.9	36.72	36.14	30.13	27	24.4
Enterprise Value Average	- -	914	1,138	2,358	1,964	1,556	1,638	1,937	1,337	1,237	1,276
Enterprise Value High	- -	914	1,138	12,214	2,210	1,872	2,157	2,173	1,635	1,404	1,474
Enterprise Value Low	- -	914	1,138	1,651	1,709	1,334	1,299	1,775	1,154	1,102	1,109

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	35	42	43	43	38	36	34	34	42	41
Diluted Weighted Avg Shares	35	35	35	42	43	42	38	34	34	36	42
Basic Weighted Avg Shares	35	35	35	42	43	42	37	34	34	36	42
Revenue per Share	6.5	7.26	8.05	6.4	6.37	6.3	7.13	9.3	9.81	8.54	10.09
EBITDA per Share	0.24	0.26	0.26	0.2	0.17	0.22	0.2	0.17	0.2	0.18	0.16
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.43	0.68	1.23	1.08	1.21	-0.04	3.04	1.87	0.97	-0.44	1.26
Basic EPS from Cont Ops	0.43	0.68	1.23	1.08	1.21	-0.04	2.97	1.83	0.92	-0.44	1.26
Diluted EPS, GAAP	0.43	0.68	1.23	1.08	1.2	-0.04	3.01	1.85	0.96	-0.44	1.26
Diluted EPS from Cont Ops	0.43	0.68	1.23	1.08	1.2	-0.04	2.94	1.81	0.91	-0.44	1.26
Dividend per Share	- -	- -	- -	0.94	- -	- -	- -	0.36	0.36	0.36	0.36
Cash Flow per Share	1.82	2.16	2.1	1.46	1.84	1.37	1.81	-1.45	0.8	2.3	3.29
Free Cash Flow per Basic Share	1.39	1.91	1.85	1.23	1.51	1.24	1.64	-1.77	0.47	2.09	3.11
Cash & Equivalents per Share	- -	64.67	52.71	39.35	39.73	34.49	39	38.57	45.16	56.02	59.86
Book Value per Share	- -	10.21	11.23	9.37	10.55	10.69	14.98	17.53	18.33	16.4	15
Tangible Book Value per Share	- -	19.63	21.03	17.14	19.16	18.3	21.86	20.26	21.39	24.37	22.12

Amerant Bancorp Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)