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.
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