Amerant Bancorp Inc
0.0 %
3.05 %
Yet to be announced
Company Overview
Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida. The company provides banking and financial services through its principal subsidiary, Amerant Bank, N.A. Their services include personal and commercial banking, wealth management, and treasury management solutions.
Revenue Sources
As a bank, Amerant Bancorp's primary business model revolves around interest-based lending and borrowing, which is considered haram in Islamic finance. The company's financial data shows that interest income makes up the majority of their total revenue across all quarters analyzed.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $33.32m | $70.64m | $81.0m | $70.64m | 243.12% | 100.00% |
| June 30, 2024 | $98.78m | $67.05m | $79.36m | $67.05m | 80.34% | 100.00% |
| March 31, 2024 | $92.46m | $66.66m | $77.97m | $66.66m | 84.33% | 100.00% |
| Dec. 31, 2023 | $101.29m | $63.89m | $81.68m | $63.89m | 80.64% | 100.00% |
Based on the provided financial data, interest is central to Amerant Bancorp's business model. Interest income represents between 84% to 243% of total revenue across the analyzed quarters. Interest expense constitutes between 63% to 212% of total expenses. These ratios clearly indicate that interest plays a material role in the company's operations.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations.
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