Ameris Bancorp (ABCB) Misses Q2 EPS by 23c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/13/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2023
July 27, 2023 4:05 PM EDTHighlights of Ameris's results for the second quarter of 2023 include the following:
Net income of $62.6 million, or $0.91 per diluted sharePre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.01%Growth in tangible book value(1) of $0.63 per share, or 8.2% annualized, to $31.42 at June 30, 2023Increase in the allowance for credit losses to 1.33% of loans, from 1.21% at March 31, 2023, due to forecasted economic conditions, particularly related to commercial real estate price levelsAdjusted efficiency ratio(1) of 53.41%, compared with 53.66% in the second... More