earnings
confidence high
sentiment positive
materiality 0.80
Ameris Bancorp Q2 net income $90.8M ($1.32 EPS); NIM expands to 3.58% from 3.51%
Ameris Bancorp
2024-Q2 EPS reported
$2.39
- Net income $90.8M, $1.32 diluted EPS; adjusted net income $80.8M, $1.17 adjusted EPS.
- Net interest margin 3.58%, up 7 bps QoQ; net interest income (TE) $212.9M, +5.2% QoQ.
- Organic loan growth $392.3M (7.7% annualized); total deposits up $446.8M (8.6% annualized).
- Tangible book value per share $35.79, +$2.15 YTD; TCE ratio 9.72% vs 8.80% year ago.
- Annualized net charge-offs improved to 0.18% from 0.25% prior quarter; provision $18.8M.