Ameris Bancorp (ABCB) Reports In-Line Q2 EPS
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Ameris Bancorp Announces Financial Results For Second Quarter 2020
July 27, 2020 6:01 AM EDTATLANTA, July 27, 2020 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $32.2 million, or $0.47 per diluted share, for the quarter ended June 30, 2020, compared with $38.9 million, or $0.82 per diluted share, for the quarter ended June 30, 2019. The decrease in net income is primarily attributable to increases in provision for credit loss expense of $83.5 million and salaries and employee benefits of $19.2 million, partially offset by an increase of $86.4 million in mortgage banking activity compared with the second quarter of 2019. The Company reported adjusted net income of $42.4 million, or $0.61 per diluted share, for the... More
