Ameris Bancorp Q4 net income $65.9M ($0.96 EPS) vs $82.2M a year ago; FY 2023 EPS $3.89 vs $4.99

Ameris Bancorp

2023-FY EPS reported $3.89

Q4 2023 net income $65.9M ($0.96 diluted EPS) vs $82.2M ($1.18) in Q4 2022; adjusted EPS $1.07.
Full year 2023 net income $269.1M ($3.89 diluted EPS) vs $346.5M ($4.99) in 2022; adjusted EPS $4.00.
Tangible book value per share grew 12.4% to $33.64 at Dec 31, 2023.
Allowance for credit losses increased to 1.52% of loans (from 1.04%) due to CRE conditions.
Total deposits grew 6.4% ($1.25B); net interest margin stable at 3.54% in Q4.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ameris Bancorp reported financial results for the quarter and fiscal year ended December 31, 2023.

Period: the quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 25, 2024, Ameris Bancorp (the “Company”) issued a press release announcing its unaudited financial results for the quarter and fiscal year ended December 31, 2023.

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Ameris Bancorp filing history →

Source: SEC EDGAR

accession 0001104659-24-006691

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