Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table shows the calculation of basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share data and per share amounts)	2023		2022 (1)		2023		2022 (1)
Numerator:
Net income before attribution of noncontrolling interest (1)	$	21,741	$	17,490	$	48,729	$	40,145
Noncontrolling interest	(378)		(44)		(884)		(1,192)
Net income attributable to Amerant Bancorp Inc. (1)	$	22,119	$	17,534	$	49,613	$	41,337
Net income available to common stockholders (1)	$	22,119	$	17,534	$	49,613	$	41,337
Denominator:
Basic weighted average shares outstanding	33,489,560		33,476,418		33,537,759		33,985,856
Dilutive effect of share-based compensation awards	207,060		270,460		218,756		267,706
Diluted weighted average shares outstanding	33,696,620		33,746,878		33,756,515		34,253,562
Basic earnings per common share (1)	$	0.66	$	0.52	$	1.48	$	1.22
Diluted earnings per common share (1)	$	0.66	$	0.52	$	1.47	$	1.21

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(1)Amounts reflect the impact of the adoption of CECL effective as of January 1, 2022. See Note 1 “Business, Basis of Presentation and Summary of Significant Accounting Policies” for additional information.