Ameris Bancorp (ABCB) Misses Q4 EPS by 17c

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Go back to Ameris Bancorp (ABCB) Misses Q4 EPS by 17c

AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS

January 26, 2023 4:13 PM EST

Highlights of the Company's results for the full year 2022 include the following:

Net income of $346.5 million, or $4.99 per diluted shareGrowth in tangible book value(1) of $3.66 per share, or 13.9%, to $29.92 at December 31, 2022Improvement in net interest margin of 44bps, from 3.32% for 2021 to 3.76% for 2022Growth in total revenue of $64.6 million, or 6.3%, to $1.09 billion this yearAdjusted efficiency ratio(1) of 52.54%, compared with 55.00% last yearOrganic growth in loans of $3.51 billion, or 22.1%Growth in TCE ratio(1) of 62bps, or 7.7%, to 8.67% at December 31, 2022Growth in noninterest-bearing deposits, representing 40.74% of total... More