Ameris Bancorp (ABCB) Tops Q3 EPS by 78c

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Go back to Ameris Bancorp (ABCB) Tops Q3 EPS by 78c

Ameris Bancorp Announces Financial Results For Third Quarter 2020

October 22, 2020 4:30 PM EDT

ATLANTA, Oct. 22, 2020 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $116.1 million, or $1.67 per diluted share, for the quarter ended September 30, 2020, compared with $21.4 million, or $0.31 per diluted share, for the quarter ended September 30, 2019.  The increase in net income is primarily attributable to increases in mortgage banking activity of $85.6 million and net interest income of $13.8 million and a decrease of merger and conversion charges of $65.2 million, partially offset by an increase of $11.7 million in provision for credit losses compared with the third quarter of 2019.  The Company reported adjusted... More