ABCB - Ameris Bancorp Non-GAAP EPS of $1.32 misses by $0.01 revenue of $278.31M beats by $1.67M
- Ameris Bancorp press release ( NASDAQ: ABCB ): Q3 Non-GAAP EPS of $1.32 misses by $0.01 .
- Revenue of $278.31M (+16.8% Y/Y) beats by $1.67M .
- Growth in tangible book value (1) of $0.73 per share, or 10.4% annualized, to $28.62 at September 30, 2022
- Adjusted total revenue grew $13.1 million, or 4.9%, when compared with last quarter
- Improvement in net interest margin of 31bps, from 3.66% last quarter to 3.97% this quarter
- Adjusted return on average assets of 1.54%
- Adjusted return on average tangible common equity of 18.33%
- Adjusted efficiency ratio of 50.06%, compared with 53.66% last quarter
- Organic growth in loans of $1.25 billion, or 28.4% annualized
- Continued growth in noninterest bearing deposits, representing 42.86% of total deposits, from 41.98% at June 30, 2022 and 40.44% a year ago
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Ameris Bancorp Non-GAAP EPS of $1.32 misses by $0.01, revenue of $278.31M beats by $1.67M