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Jun 30, 2023
Ameris Bank Q2 2023 Earnings Report
Ameris Bank's financial results were announced for the second quarter of 2023.
Key Takeaways
Ameris Bancorp reported a net income of $62.6 million, or $0.91 per diluted share, for the quarter ended June 30, 2023. The company's results included a $45.5 million provision for credit losses related to the updated economic forecast.
Net income of $62.6 million, or $0.91 per diluted share
Pre-tax, pre-provision net revenue (PPNR) ROA of 2.01%
Growth in tangible book value of $0.63 per share, or 8.2% annualized, to $31.42 at June 30, 2023
Increase in the allowance for credit losses to 1.33% of loans, from 1.21% at March 31, 2023
Forward Guidance
No forward guidance was provided in the transcript.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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