Ameris Bancorp Q1 2024 net income $74.3M ($1.08 EPS); adjusted EPS $1.10

Ameris Bancorp

2024-Q1 EPS reported $1.08

Net income $74.3M vs $60.4M in Q1 2023; adjusted net income $75.6M.
Net interest margin 3.51%, down from 3.76% a year ago; loan growth $331M (6.5% annualized).
Deposits grew $288.9M; noninterest-bearing deposits stable at 31.1% of total deposits.
Tangible book value per share $34.52, up $0.88 (10.5% annualized); TCE ratio 9.71%.
Provision for credit losses $21.1M; net charge-off ratio 25 bps; NPAs 0.71% of assets.

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 0.9

Ameris Bancorp reported the quarter ended March 31, 2024 results: net income $74.3 million, EPS $1.08 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $74.3 million
EPS: $1.08 per diluted share
Result: reported results

Exact text from the filing

Ameris Bancorp (Nasdaq: ABCB) (the “Company”) today reported net income of $74.3 million, or $1.08 per diluted share, for the quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0001104659-24-051986

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