1. Pomerantz LLP investigates potential securities fraud by Amerant Bancorp. 2. Amerant's Q1 2025 EPS of $0.28 missed estimates by $0.12. 3. The company's stock fell 13.09% following weak earnings report. 4. CEO noted flat loan growth due to high payoffs and paydowns. 5. Investors can join the class action related to these claims.
The investigation into securities fraud and earnings miss erodes investor confidence, mirroring past cases like Wells Fargo's misdeeds in 2016, which severely impacted stock prices for extended periods.
The news ties directly into potential investor risks and class action implications, which can significantly sway AMTB's market perception.
The immediate reaction to earnings miss and investigation suggests a short-term impact, similar to previous financial scandals that quickly affected stock prices.
Pomerantz LLP is investigating claims on behalf of investors of Amerant Bancorp Inc. ("Amerant" or the "Company") (NYSE: AMTB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Amerant and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Click here for information about joining the class action
On April 23, 2025, Amerant issued a press release reporting its financial results for the first quarter of 2025. Among other items, Amerant reported GAAP earnings per share of $0.28, missing consensus estimates by $0.12. Commenting on the Company's results, Amerant's Chairman and Chief Executive Officer said that "loans were relatively flat quarter over quarter, as a result of increased payoffs and paydowns offsetting production in the first quarter."
On this news, Amerant's stock price fell $2.55 per share, or 13.09%, to close at $16.93 per share on April 24, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Danielle Peyton
Pomerantz LLP
646-581-9980 ext. 7980
SOURCE Pomerantz LLP