Ameris Bancorp (ABCB) Misses Q3 EPS by 1c

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Go back to Ameris Bancorp (ABCB) Misses Q3 EPS by 1c

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2022

October 27, 2022 4:05 PM EDT

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

Net income of $92.6 million, or $1.34 per diluted shareGrowth in tangible book value(1) of $0.73 per share, or 10.4% annualized, to $28.62 at September 30, 2022Adjusted total revenue(1) grew $13.1 million, or 4.9%, when compared with last quarterImprovement in net interest margin of 31bps, from 3.66% last quarter to 3.97% this quarterAdjusted return on average assets(1) of 1.54%Adjusted return on average tangible common equity(1) of 18.33%Adjusted efficiency ratio(1) of 50.06%, compared with 53.66% last quarterOrganic growth in loans of $1.25 billion, or 28.4% annualizedContinued growth in... More