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Ameris Bancorp reported a net income of $82.2 million, or $1.18 per diluted share, for Q4 2022, which is comparable to the $81.9 million, or $1.18 per diluted share, from Q4 2021. The company saw growth in tangible book value, expanded net interest margin, and improved efficiency ratio.
Net income of $82.2 million, or $1.18 per diluted share
Growth in tangible book value of $1.30 per share, or 18.0% annualized, to $29.92
Net interest margin improved to 4.03%
Net interest income grew to $224.1 million
Ameris Bancorp is well-positioned for 2023 with a focus on core fundamentals in strong Southeastern markets, despite potential economic challenges.