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Dec 31, 2024
Ameris Bank Q4 2024 Earnings Report
Ameris Bank's Q4 2024 financial performance was strong, with notable increases in net income and adjusted net income.
Key Takeaways
Ameris Bank reported a strong fourth quarter with net income of $94.4 million, or $1.37 per diluted share, and adjusted net income of $95.1 million, or $1.38 per diluted share. The company saw total revenue growth of 9.8% annualized and an increase in net interest income (TE) of $7.7 million. Positive operating leverage was maintained with an efficiency ratio of 52.26%.
Net income reached $94.4 million, or $1.37 per diluted share.
Adjusted net income was $95.1 million, or $1.38 per diluted share.
Net interest income (TE) increased by $7.7 million to $222.8 million.
Efficiency ratio stood at 52.26%, with an adjusted efficiency ratio (TE) of 51.82%.
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
Ameris Bancorp's CEO, Palmer Proctor, highlighted the company's strong fourth-quarter performance, emphasizing their focus on tangible book value growth, disciplined balance sheet management, and operational efficiency. He noted that their robust balance sheet, focus on revenue growth, healthy net interest margin, and commitment to efficiency, combined with the growth potential in their expanding Southeast markets, position them for continued success in the years ahead.
Positive Outlook
- Prioritizing tangible book value growth
- Discipline in balance sheet management
- Focus on operational efficiency
- Robust balance sheet
- Commitment to efficiency