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Mar 31, 2023
Ameris Bank Q1 2023 Earnings Report
Ameris's financial results were announced for the first quarter of 2023
Key Takeaways
Ameris Bancorp reported a net income of $60.4 million, or $0.87 per diluted share, for the quarter ended March 31, 2023. The company increased its allowance for credit losses due to forecasted economic conditions and saw growth in tangible book value.
Net income of $60.4 million, or $0.87 per diluted share
Pre-tax, pre-provision net revenue (PPNR) ROA of 2.07%
Growth in tangible book value of $0.87 per share, or 11.6% annualized, to $30.79 at March 31, 2023
Increased the allowance for credit losses to 1.21% of loans, from 1.04% at December 31, 2022, due to forecasted economic conditions
Revenue by Segment
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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