Amerant Bancorp - May offer up to $300 mln in securities - SEC filing

Amerant Bancorp Inc. (NYSE: AMTB) has filed with the U.S. Securities and Exchange Commission (SEC) a registration statement under Form S-3, indicating the company may offer up to $300 million in securities, according to recent filings. The registration statement, which includes a shelf registration, allows the company flexibility to issue various types of securities, including common stock, preferred stock, debt securities, and other offerings, depending on market conditions and strategic needs.

The company previously completed a $165 million public offering of its Class A voting common stock in September 2024, raising gross proceeds by issuing 8,684,210 shares at $19.00 per share. The net proceeds from that offering were approximately $156.7 million, after underwriting discounts. The funds were allocated toward general corporate purposes, including working capital, resolution of non-performing loans, and investments in its banking subsidiary.

The recent SEC filing suggests that Amerant may pursue additional capital-raising activities to support its long-term growth strategy. The company has not yet announced specific plans for the $300 million offering, and no definitive timeline or terms have been disclosed. Investors are advised to monitor future filings and press releases for further details.

As with any capital-raising initiative, the use of proceeds and the timing of any offering will depend on market conditions and the company’s strategic priorities. The registration statement remains effective for a period of two years, during which Amerant may elect to issue securities under the terms.