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Amerant Bancorp Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Amerant Bancorp has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Amerant Bancorp's Piotroski F-Score or its related term are showing as below:

AMTB' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 7 years, the highest Piotroski F-Score of Amerant Bancorp was 8. The lowest was 4. And the median was 7.


Amerant Bancorp Piotroski F-Score Historical Data

The historical data trend for Amerant Bancorp's Piotroski F-Score 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
Piotroski F-Score
Premium Member Only Premium Member Only N/A 7.00 7.00 4.00 8.00

Amerant Bancorp Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Piotroski F-Score 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 5.00 8.00 7.00 8.00 6.00

Competitive Comparison

For the Banks - Regional subindustry, Amerant Bancorp's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score Distribution

For the Banks industry and Financial Services sector, Amerant Bancorp's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Amerant Bancorp's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was 15.962 + 17.031 + 65.469 + 15.95 = $114.4 Mil.
Cash Flow from Operations was 24.998 + 8.15 + 27.261 + -12.118 = $48.3 Mil.
Revenue was 68.193 + 65.255 + 70.683 + 69.925 = $274.1 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(7751.098 + 7532.844 + 7489.305 + 7638.399 + 7805.836) / 5 = $7643.4964 Mil.
Total Assets at the begining of this year (Mar21) was $7,751.1 Mil.
Long-Term Debt & Capital Lease Obligation was $1,268.0 Mil.
Total Assets was $7,805.8 Mil.
Total Liabilities was $7,056.4 Mil.
Net Income was -15.279 + 1.702 + 8.473 + 14.459 = $9.4 Mil.

Revenue was 66.142 + 65.64 + 60.167 + 61.732 = $253.7 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(8098.81 + 8130.723 + 7977.047 + 7770.893 + 7751.098) / 5 = $7945.7142 Mil.
Total Assets at the begining of last year (Mar20) was $8,098.8 Mil.
Long-Term Debt & Capital Lease Obligation was $1,172.8 Mil.
Total Assets was $7,751.1 Mil.
Total Liabilities was $6,966.1 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Amerant Bancorp's current Net Income (TTM) was 114.4. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Amerant Bancorp's current Cash Flow from Operations (TTM) was 48.3. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar21)
=114.412/7751.098
=0.01476075

ROA (Last Year)=Net Income/Total Assets (Mar20)
=9.355/8098.81
=0.00115511

Amerant Bancorp's return on assets of this year was 0.01476075. Amerant Bancorp's return on assets of last year was 0.00115511. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Amerant Bancorp's current Net Income (TTM) was 114.4. Amerant Bancorp's current Cash Flow from Operations (TTM) was 48.3. ==> 48.3 <= 114.4 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=1268.005/7643.4964
=0.16589332

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=1172.834/7945.7142
=0.14760586

Amerant Bancorp's gearing of this year was 0.16589332. Amerant Bancorp's gearing of last year was 0.14760586. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Mar22)=Total Assets/Total Liabilities
=7805.836/7056.44
=1.10620029

Current Ratio (Last Year: Mar21)=Total Assets/Total Liabilities
=7751.098/6966.084
=1.11269086

Amerant Bancorp's current ratio of this year was 1.10620029. Amerant Bancorp's current ratio of last year was 1.11269086. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Amerant Bancorp's number of shares in issue this year was 35.114. Amerant Bancorp's number of shares in issue last year was 37.846. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=114.412/274.056
=0.41747672

Net Margin (Last Year: TTM)=Net Income/Revenue
=9.355/253.681
=0.03687702

Amerant Bancorp's net margin of this year was 0.41747672. Amerant Bancorp's net margin of last year was 0.03687702. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar21)
=274.056/7751.098
=0.03535706

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=253.681/8098.81
=0.03132324

Amerant Bancorp's asset turnover of this year was 0.03535706. Amerant Bancorp's asset turnover of last year was 0.03132324. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+0+0+1+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Amerant Bancorp has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Amerant Bancorp  (NAS:AMTB) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Amerant Bancorp Piotroski F-Score 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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