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Stock impact report

Ameris Bancorp Announces Financial Results for Third Quarter 2024 [Yahoo! Finance]

Ameris Bancorp (ABCB) 
Last ameris bancorp earnings: 4/23 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.amerisbank.com
Company Research Source: Yahoo! Finance
Adjusted net income of $95.2 million, or $1.38 per diluted share Return on average assets ("ROA") of 1.49%; Adjusted ROA of 1.43% Pre-tax, pre-provision net revenue (PPNR) ROA of 1.99%; Growth in tangible book value of $1.72 per share, or 19.1% annualized, to $37.51 at September 30, 2024 TCE ratio of 10.24%, compared with 9.11% one year ago Completed 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 million Net interest margin of 3.51% for the third quarter of 2024 Growth in average earning assets of $454.8 million, or 7.6% annualized Growth in total deposits of $435.1 million, or 8.1% annualized Allowance for loan losses steady at 1.60% of loans at September 30, 2024 Annualized net charge-offs declined to 0.15% of average total loans ATLANTA, October 24, 2024 BUSINESS WIRE )--Ameris Bancorp (NYSE: ABCB) (the "Company") today reported net income of $99.2 million, or Show less Read more
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