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Amerant Bancorp Effective Interest Rate on Debt %

: 3.24% (As of Mar. 2022)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Amerant Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $37.8 Mil. Amerant Bancorp's average total debt for the quarter that ended in Mar. 2022 was $1,168.6 Mil. Therefore, Amerant Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 3.24%.


Amerant Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Amerant Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Amerant Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only 5.44 7.01 7.65 5.68 3.81

Amerant Bancorp Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.35 4.26 4.12 3.66 3.24

Competitive Comparison

For the Banks - Regional subindustry, Amerant Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Amerant Bancorp Effective Interest Rate on Debt % Distribution

For the Banks industry and Financial Services sector, Amerant Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Amerant Bancorp's Effective Interest Rate on Debt % falls into.



Amerant Bancorp Effective Interest Rate on Debt % Calculation

Amerant Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -42.703/( (1172.755+1069.244)/ 2 )
=-1  *  -42.703/1120.9995
=3.81 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1172.755 + 0
=1172.755

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1069.244 + 0
=1069.244

Amerant Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2021 )+Total Debt  (Q: Mar. 2022 ))/ count )
=-1  *  -37.812/( (1069.244+1268.005)/ 2 )
=-1  *  -37.812/1168.6245
=3.24 %

where

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1069.244 + 0
=1069.244

Total Debt  (Q: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1268.005 + 0
=1268.005

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Amerant Bancorp  (NAS:AMTB) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Amerant Bancorp Effective Interest Rate on Debt % Related Terms

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Amerant Bancorp Business Description

Amerant Bancorp logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
Address
220 Alhambra Circle, Coral Gables, FL, USA, 33134
Amerant Bancorp Inc is a bank holding company. Through its bank, it provides individuals and businesses deposit, credit, investment, wealth management and fiduciary services, both in the United States and to select international customers. The bank also provides banking services through traditional channels, such as banking centers and ATMs, as well as via secure websites, mobile devices, and telephone.
Executives
Quelch John director C/O INVERNESS MEDICAL INNOVATIONS INC 51 SAWYER RD WALTHAM MA 02453
Holroyd Samantha director 1711 MARAVILLA DR. HOUSTON TX 77055
Ashford Orlando D director C/O AMERANT BANK 220 ALHAMBRA CR. CORAL GABLES FL 33134
Suarez Oscar director 220 ALHAMBRA CR. CORAL GABLES FL 33134
Iafigliola Carlos officer: See remarks 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Lare Dolores M director 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Fleitas Armando officer: See remarks 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Plush Gerald P director WEBSTER FINANCIAL CORPORATION 145 BANK STREET WATERBURY CT 06702
Quill John Walton director 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Trabanco Jorge officer: Chief Accounting Officer 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Figueredo Alfonso officer: See Remarks 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Villamil Jose Antonio director 2601 SOUTH BAYSHORE DRIVE, PH II COCONUT GROVE FL 33133
Copeland Frederick C Jr director 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Gonzalez S Alejandro director 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134
Mercantil Servicios Financieros, C.a. 10 percent owner C/O IVAN TRUJILLO 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134

Amerant Bancorp Headlines

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