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Sep 30, 2021
Ameris Bank Q3 2021 Earnings Report
Ameris Bank's net income decreased compared to the same quarter last year.
Key Takeaways
Ameris Bancorp reported a net income of $81.7 million, or $1.17 per diluted share, for Q3 2021, compared to $116.1 million, or $1.67 per diluted share, for Q3 2020. The company's continued organic success and strong third quarter results show the strength and focus of our team of bankers.
Net income of $81.7 million, or $1.17 per diluted share, compared with $88.3 million, or $1.27 per diluted share, in the second quarter of 2021
Growth in tangible book value of 3.8%, or $1.01 per share, to $27.46 at September 30, 2021, compared with $26.45 at June 30, 2021
Organic growth in loans of $43.7 million, or 1.2% annualized (and $251.3 million, or 7.0% annualized, exclusive of PPP loans), during the third quarter of 2021
Increase in net interest income, excluding accretion, of $1.3 million, from $157.4 million in the second quarter of 2021 to $158.7 million in the third quarter of 2021
Revenue by Segment
Forward Guidance
The Company's future effective tax rate is expected to be between 23% and 24%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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