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Dec 31, 2020
Ameris Bank Q4 2020 Earnings Report
Ameris Bank's Q4 2020 earnings increased, driven by mortgage banking and net interest income, but offset by rising employee benefits.
Key Takeaways
Ameris Bank reported a strong fourth quarter with net income reaching $94.3 million, or $1.36 per diluted share, driven by increases in mortgage banking activity and net interest income, although these gains were partially offset by higher salaries and employee benefits.
Net income was $94.3 million, or $1.36 per diluted share.
Tangible book value grew by $1.23 per share, or 5.5%, reaching $23.69.
The company successfully terminated its remaining loss-share agreements with the FDIC.
The net interest margin remained stable at 3.64%.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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