Amerant Bancorp Inc. announces the successful completion of

CORAL GABLES, Fla., Jan. 31, 2022 (GLOBE NEWSWIRE) — Amerant Bancorp Inc. (NASDAQ:AMTB) (the “Company” or “Amerant”) today announced that it has completed its $50 million buyout program previously announced dollars for its Class A common stock and further announced that the Board of Directors has authorized a new share repurchase program (the “New Repurchase Program”), under which the Company may purchase, from time to time, up to an aggregate amount of $50 million of its Class A common stock.

Jerry Plush, Vice President, President and Chief Executive Officer, said, “We are pleased to announce the success of our previously approved buyout program and the launch of a new $50 million program. This new buyback program underscores the confidence that Amerant’s board and management continue to place in our performance. Along with the recent declaration and payment of cash dividends, these actions demonstrate our commitment to effectively manage the company’s capital levels while increasing total return to our shareholders. »

Redemptions under the new buyback program may be made in the open market, by bulk purchase, in over-the-counter transactions or otherwise in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Repurchases of the Company’s Class A common stock (and the timing thereof) will depend on market conditions, regulatory requirements, other corporate liquidity requirements and priorities, and other factors that may be considered at the sole discretion of the Company. Redemptions may also be made pursuant to a trading plan under Rule 10b5-1 of the Exchange Act, which would allow shares to be redeemed when the company might otherwise be prevented from doing so due to blackout periods. self-imposed trading or other regulatory restrictions. The new repurchase program does not obligate the Company to repurchase any particular amount of Class A common stock and may be suspended or terminated at any time without notice.

About Amerant Bancorp Inc. (NASDAQ: AMTB)

Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its principal subsidiary, Amerant Bank, NA (the “Bank”), as well as than its other subsidiaries: Amerant Investments, Inc., Elant Bank and Trust Ltd. and Amerant Mortgage, LLC. The Company provides individuals and businesses in the United States, as well as certain international clients, with deposit, credit and wealth management services. The Bank, which has been operating for more than 40 years, is the second largest community bank headquartered in Florida. The Bank operates 24 banking centers – 17 in South Florida and 7 in Houston, Texas. For more information, visit Investor.amerantbank.com.

Caution Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including statements regarding increasing total shareholder return as well as statements regarding objectives, expectations and intentions and other statements that are not historical facts. All statements other than statements of historical fact are statements that may be forward-looking statements. You can identify these forward-looking statements by the use of words such as “may”, “will”, “anticipate”, “assume”, “should”, “indicate”, “would”, “believe”, “intend, “expect”, “estimate”, “continue”, “plan”, “point to”, “project”, “could”, “intend”, “target”, “goals”, “ perspectives”, “modelled”, “dedicated”, “create” and other similar words and phrases from the future.

Forward-looking statements, including those regarding our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve risks, uncertainties and other factors, which may be beyond our control and which may cause actual results to be achieved. of the Company’s performance, achievements or financial condition are materially different from any future results, performance, achievements or financial conditions expressed or implied by such forward-looking statements. You should not rely on forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements except as required by law. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement, together with the risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31. , 2020, in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 and in our other filings with the United States Securities and Exchange Commission (the “SEC”), which are available at SEC website www.sec. govt.

CONTACTS:
Investors
Laura Rossi
[email protected]
(305) 460-8728

Media
Silvia M. Larrieu
[email protected]
(305) 441-8414

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