Loading...
•
Jun 30, 2022
Ameris Bank Q2 2022 Earnings Report
Ameris Bank's financial results were announced for Q2 2022, revealing a net income of $90.1 million and growth in tangible book value.
Key Takeaways
Ameris Bank reported a strong second quarter with net income reaching $90.1 million, or $1.30 per diluted share. The company experienced growth in tangible book value and adjusted total revenue, alongside an improved net interest margin.
Net income was $90.1 million, or $1.30 per diluted share.
Tangible book value grew by $1.05 per share, or 15.7% annualized, reaching $27.89.
Adjusted total revenue increased by $14.2 million, or 5.7%, compared to the previous quarter.
Net interest margin improved by 31bps, from 3.35% to 3.66%.
Ameris Bank
Ameris Bank
Ameris Bank Revenue by Segment
Revenue by Segment
Retail Mortgage Revenue
CapyFin.comWarehouse Lending Revenue
CapyFin.comPremium Finance Revenue
CapyFin.comBanking Division Revenue
CapyFin.com Forward Guidance
Ameris Bancorp's CEO, Palmer Proctor, expressed confidence in the company's strong second quarter financial results, highlighting solid banking fundamentals, revenue growth, margin improvement, expansion of the earning asset base, and tangible book value growth. He mentioned the company's readiness for future interest rate hikes, close monitoring of loan growth and credit metrics, and focus on core fundamentals going into the third quarter.