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Jun 30, 2024
Ameris Bank Q2 2024 Earnings Report
Ameris Bank reported net income for Q2 2024, marked by margin expansion and growth in net interest income.
Key Takeaways
Ameris Bancorp reported a strong financial performance for the second quarter of 2024, with net income of $90.8 million, or $1.32 per diluted share. The company saw growth in net interest income and an increase in core deposits, resulting in a PPNR ROA exceeding 2%.
Net income was $90.8 million, or $1.32 per diluted share.
Adjusted net income was $80.8 million, or $1.17 per diluted share.
Net interest income (TE) increased to $212.9 million.
Total retail mortgage production increased $417.1 million to $1.33 billion.
Forward Guidance
Ameris Bancorp remains optimistic about the rest of 2024 and beyond, driven by their strong balance sheet, thriving Southeastern markets, and disciplined focus on continuous improvement.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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