Latest Ratios: P/E Ratio 20.3x · EV/EBITDA 23.2x · ROE 5.7%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $802M | $801M | $827M | $916M | $1.3B | $634M | $936M | $553M | — | — |
| Enterprise Value | $1.6B | $1.4B | $1.2B | $1.5B | $1.9B | $2.1B | $1.6B | $2.1B | $1.8B | — | — |
| P/E Ratio → | 20.28 | 15.48 | — | 25.59 | 14.51 | 11.48 | — | 18.16 | 12.05 | — | — |
| P/S Ratio | 1.64 | 1.22 | 1.39 | 1.50 | 2.37 | 4.21 | 1.90 | 2.52 | 1.53 | — | — |
| P/B Ratio | 1.12 | 0.85 | 0.90 | 1.12 | 1.30 | 1.56 | 0.81 | 1.12 | 0.74 | — | — |
| P/FCF | 10.95 | 8.19 | 10.71 | 52.41 | — | 21.31 | 12.28 | 14.59 | 10.61 | — | — |
| P/OCF | 10.68 | 7.98 | 9.75 | 30.96 | — | 19.23 | 11.08 | 11.94 | 8.89 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.09 | 2.16 | 2.64 | 4.82 | 6.80 | 4.77 | 5.77 | 4.83 | — | — |
| EV / EBITDA | 23.23 | 19.40 | — | 30.16 | 22.11 | 13.83 | 315.34 | 30.11 | 26.49 | — | — |
| EV / EBIT | 24.85 | 20.75 | — | 35.15 | 23.76 | 14.52 | — | 33.45 | 30.42 | — | — |
| EV / FCF | — | 14.01 | 16.58 | 92.01 | — | 34.37 | 30.82 | 33.39 | 33.60 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.4% | 57.4% | 42.6% | 48.6% | 77.8% | 91.5% | 52.2% | 73.9% | 75.0% | 82.6% | 77.0% |
| Operating Margin | 10.1% | 10.1% | -4.2% | 7.5% | 20.3% | 46.8% | -1.3% | 17.3% | 15.9% | 22.3% | 11.2% |
| Net Profit Margin | 8.0% | 8.0% | -2.7% | 5.9% | 16.4% | 36.7% | -0.5% | 13.8% | 12.6% | 12.5% | 7.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | -1.9% | 4.5% | 8.2% | 14.0% | -0.2% | 6.5% | 6.1% | 5.9% | 3.3% |
| ROA | 0.5% | 0.5% | -0.2% | 0.3% | 0.8% | 1.5% | -0.0% | 0.6% | 0.6% | 0.5% | 0.3% |
| ROIC | 2.6% | 2.6% | -1.0% | 1.7% | 3.1% | 5.6% | -0.2% | 2.3% | 2.1% | 3.0% | 1.4% |
| ROCE | 2.2% | 2.2% | -1.3% | 2.1% | 3.8% | 7.1% | -0.2% | 3.0% | 2.8% | 4.1% | 1.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.11 | 1.11 | 1.13 | 1.25 | 1.70 | 1.29 | 1.50 | 1.59 | 1.72 | 1.71 | 1.56 |
| Debt / EBITDA | 14.71 | 14.71 | — | 19.13 | 14.20 | 7.07 | 232.18 | 18.66 | 19.42 | 15.00 | 25.61 |
| Net Debt / Equity | — | 0.61 | 0.49 | 0.85 | 1.35 | 0.96 | 1.22 | 1.44 | 1.60 | 1.51 | 1.37 |
| Net Debt / EBITDA | 8.06 | 8.06 | — | 12.98 | 11.26 | 5.26 | 189.74 | 16.95 | 18.13 | 13.21 | 22.46 |
| Debt / FCF | — | 5.83 | 5.87 | 39.61 | — | 13.06 | 18.55 | 18.80 | 22.99 | 17.59 | 14.45 |
| Interest Coverage | 0.28 | 0.28 | -0.09 | 0.19 | 1.09 | 3.37 | -0.06 | 0.64 | 0.64 | 1.21 | 0.72 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.43 | 0.43 | 0.25 | 0.19 | 0.21 | 0.27 | 0.27 | 0.31 | 0.29 | 0.30 | 0.35 |
| Quick Ratio | 0.43 | 0.43 | 0.25 | 0.19 | 0.21 | 0.27 | 0.27 | 0.31 | 0.29 | 0.30 | 0.35 |
| Cash Ratio | 0.08 | 0.08 | 0.07 | 0.04 | 0.04 | 0.05 | 0.04 | 0.02 | 0.01 | 0.02 | 0.02 |
| Asset Turnover | — | 0.07 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 21.8% | 21.8% | — | 37.1% | 19.3% | — | — | — | 87.3% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 6.5% | — | 3.9% | 6.9% | 8.7% | — | 5.5% | 8.3% | — | — |
| FCF Yield | 9.1% | 12.2% | 9.3% | 1.9% | — | 4.7% | 8.1% | 6.9% | 9.4% | — | — |
| Buyback Yield | 1.9% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.9% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $41M | $36M | $34M | $34M | $38M | $42M | $43M | $42M | $35M | $35M |
CRE concentration and liquidity
According to recent market data, Amerant trades at a P/B of 1.11, which appears to reflect a persistent complexity discount compared to regional peers, as investors remain wary of the bank's historical international legacy and the ongoing volatility in its core earnings power.
The current valuation suggests the market is pricing Amerant as a commodity balance sheet rather than a specialized franchise, likely due to the inconsistent ROE performance observed over the last ten quarters. Investors should monitor whether the recent pivot toward domestic C&I lending can improve return on tangible equity sufficiently to justify a premium multiple over its current book value.
Based on quarterly financial reports, Amerant's ROE has struggled to maintain positive territory, with figures as low as -5.9% in 2024Q3, indicating that the bank's profitability is currently strained by high operating costs and inconsistent non-interest income contributions to the bottom line.
The DuPont decomposition reveals that profitability is hampered by a high efficiency ratio and a reliance on volatile fee income, which fails to provide a stable buffer against interest rate fluctuations. The bank's transition away from its international-heavy model appears to be creating temporary margin pressure that may continue to weigh on ROE until the new domestic-focused strategy achieves scale.
As reported in recent financial statements, the efficiency ratio has shown significant volatility, peaking at 72.8% in 2024Q3, which suggests that Amerant faces structural challenges in controlling its high-touch service costs while attempting to navigate a transition toward a more standardized domestic banking model.
The stagnant NIM, hovering near 0.9% in late 2025, indicates that the bank is struggling to optimize its funding costs in a competitive domestic environment. This lack of margin expansion, combined with an elevated cost base, implies that operational discipline remains the primary hurdle for management to clear before sustainable earnings growth can be realized.
Based on the reported figures, the equity-to-assets ratio surged to 0.34 in 2026Q1 from 0.09 in 2025Q3, a dramatic shift that suggests a significant deleveraging event intended to fortify the balance sheet against potential credit losses within the bank's concentrated commercial real estate portfolio.
While this increase in capital adequacy provides a buffer against regulatory scrutiny, it also reflects a contraction in the bank's earning assets that may limit future revenue growth. Investors should monitor whether this capital position is intended to support a new lending strategy or if it is a defensive measure against ongoing asset quality concerns.
As evidenced by the bank's recent financial history, the P/E ratio is a misleading metric for Amerant, as it is heavily distorted by lumpy provision expenses and non-recurring restructuring charges that mask the underlying operational performance of the bank's core wealth management and lending segments.
Using P/E to evaluate Amerant ignores the significant volatility in credit costs and the impact of the bank's strategic pivot, which can create artificial swings in net income. Analysts should instead focus on P/TBV and the trend in core pre-provision net revenue to better assess the bank's long-term franchise value and earnings durability.
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying AMTB stock.
Amerant Bancorp Inc.'s current P/E ratio is 20.3x. The historical average is 16.2x. This places it at the 83th percentile of its historical range.
Amerant Bancorp Inc.'s current EV/EBITDA is 23.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.7x.
Amerant Bancorp Inc.'s return on equity (ROE) is 5.7%. The historical average is 5.2%.
Based on historical data, Amerant Bancorp Inc. is trading at a P/E of 20.3x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Amerant Bancorp Inc.'s current dividend yield is 1.09% with a payout ratio of 21.8%.
Amerant Bancorp Inc. has 57.4% gross margin and 10.1% operating margin. Operating margin between 10-20% is typical for established companies.
Amerant Bancorp Inc.'s Debt/EBITDA ratio is 14.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.