Ameris Bancorp (ABCB) Tops Q2 EPS by 11c

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Go back to Ameris Bancorp (ABCB) Tops Q2 EPS by 11c

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2022

July 26, 2022 4:05 PM EDT

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

Net income of $90.1 million, or $1.30 per diluted shareGrowth in tangible book value of $1.05 per share, or 15.7% annualized, to $27.89 at June 30, 2022Adjusted total revenue grew $14.2 million, or 5.7%, when compared to last quarterImprovement in net interest margin of 31bps, from 3.35% last quarter to 3.66% this quarterAdjusted return on average assets of 1.40%Adjusted return on average tangible common equity of 17.18%Adjusted efficiency ratio of 53.66%, compared with 56.95% last quarterOrganic growth in loans of $1.4 billion, or 35.1% annualizedContinued growth in... More