secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ameris Bancorp (ABCB)
CIK:        0000351569
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001104659-24-051986
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351569/000110465924051986/0001104659-24-051986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351569/000110465924051986/tm2412737d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-051986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer