Amerant Bancorp Inc. announced on May 29, 2025, that its Board of Directors approved an increase in the amount available for repurchases of the company's Class A common stock under its existing share repurchase program to $25 million. This decision extends the program's expiration date to December 31, 2025, from its previous expiration of December 31, 2024.
The increase in the share repurchase authorization reflects the company's commitment to prudent capital management and returning value to shareholders. This action provides Amerant with flexibility to opportunistically repurchase shares, which can enhance shareholder value by reducing the number of outstanding shares.
In the second quarter of 2025, the company repurchased an aggregate of 275,666 shares of Class A common stock at a weighted average price of $18.14 per share, totaling approximately $5.0 million including transaction costs. This demonstrates the company's active use of the program to manage its capital structure.
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