secwatch.observer — SEC 8-K summary
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Issuer:     Ameris Bancorp (ABCB)
CIK:        0000351569
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001104659-24-006691
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351569/000110465924006691/0001104659-24-006691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351569/000110465924006691/tm244153d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-006691

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