Ameris Bancorp Announces Financial Results for Third Quarter 2024
Ameris Bancorp (ABCB)
Last ameris bancorp earnings: 4/23 04:30 pm
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US:NASDAQ Investor Relations:
ir.amerisbank.com
Company Research
Source: Business Wire
Highlights of Ameris’s results for the third quarter of 2024 include the following:Net income of $99.2 million, or $1.44 per diluted share;Adjusted net income(1) of $95.2 million, or $1.38 per diluted shareReturn on average assets ("ROA") of 1.49%; Adjusted ROA(1) of 1.43%Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 1.99%;Growth in tangible book value(1) of $1.72 per share, or 19.1% annualized, to $37.51 at September 30, 2024TCE ratio(1) of 10.24%, compared with 9.11% one year agoCompleted the sale of a pool of mortgage servicing rights ("MSR") recognizing a gain of $5.2 million and reducing exposure to GNMA nonaccrual loans by $85.4 millionNet interest margin of 3.51% for the third quarter of 2024Growth in average earning assets of $454.8 million, or 7.6% annualizedGrowth in total deposits of $435.1 million, or 8.1% annualizedAllowance for loan losses steady at 1.60% of loans at September 30, 2024Annualized net charge-offs declined to 0.15% of average total loans ATLANTA--(
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ABCB
Earnings
- 10/24/24 - Beat
ABCB
Sec Filings
- 12/13/24 - Form 4
- 11/12/24 - Form 4
- 11/8/24 - Form 10-Q
- ABCB's page on the SEC website