Ameris Bancorp (ABCB) Tops Q1 EPS by 10c

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Go back to Ameris Bancorp (ABCB) Tops Q1 EPS by 10c

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2022

April 26, 2022 4:05 PM EDT

Highlights of the Company's results for the first quarter of 2022 include the following:

Net income of $81.7 million, or $1.17 per diluted share Organic growth in loans of $269.5 million, or 6.8% annualized (and $350.7 million, or 8.9% annualized, exclusive of PPP loans), during 2022 Growth in tangible book value of $0.58 per share, or 2.2%, to $26.84 at March 31, 2022, compared with $26.26 at December 31, 2021 Less than 1% dilution in tangible book value from decrease in unrealized gain on available-for-sale securities Improvement in net interest margin of 17bps, from 3.18% last quarter to 3.35% this quarter Adjusted return on average assets of... More