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Sep 30, 2023
Ameris Bank Q3 2023 Earnings Report
Ameris Bancorp reported net income for Q3 2023.
Key Takeaways
Ameris Bancorp reported a strong third quarter, with net income of $80.1 million, or $1.16 per diluted share. The company's profitability remained solid, with an ROA of 1.25%, PPNR ROA of over 2%, a net interest margin of 3.54%, and an efficiency ratio of just over 52%.
Net income of $80.1 million, or $1.16 per diluted share
Return on average assets (ROA) of 1.25%
Pre-tax, pre-provision net revenue (PPNR) ROA of 2.01%
Growth in tangible book value of $0.96 per share, or 12.2% annualized, to $32.38 at September 30, 2023
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
Company well-positioned for the remainder of 2023 and moving into 2024.
Positive Outlook
- Core fundamentals
- Capital growth
- Solid profitability with an ROA of 1.25%
- PPNR ROA of over 2%
- Efficiency ratio of just over 52%