tiprankstipranks
Ameris Bancorp Achieves Strong Q3 Earnings Growth 2024
Company Announcements

Ameris Bancorp Achieves Strong Q3 Earnings Growth 2024

Pick the best stocks and maximize your portfolio:

Ameris Bancorp ( (ABCB) ) has provided an announcement.

Ameris Bancorp reported a robust third quarter in 2024, with net income climbing to $99.2 million, up from $80.1 million in the same period last year. The company saw significant growth in core deposits and tangible book value, alongside a thriving capital build-up, with a tangible common equity ratio surpassing 10%. Despite a slight dip in net interest margin due to higher funding costs, Ameris maintained strong asset yields and reduced noninterest income due to lower securities gains. The firm continues to strengthen its Southeast market presence while enhancing shareholder returns.

For a thorough assessment of ABCB stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyAmeris Bancorp raises quarterly dividend 33.3% to 20c per share
TheFlyAmeris Bancorp price target lowered to $68 from $73 at Truist
TheFlyAmeris Bancorp upgraded to Outperform from Market Perform at Raymond James
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App