Ameris Bancorp (ABCB)

Ameris Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,250	1,172	834.97	676.09	690.91	586.85
Interest Income on Investments	113.97	108.27	58.92	27.02	35.59	49.55
Total Interest Income	1,364	1,280	893.89	703.11	726.5	636.39
Interest Paid on Deposits	480.87	356.02	56.11	22.36	59.07	102.53
Interest Paid on Borrowings	49.8	89.37	36.76	25.43	29.68	28.7
Total Interest Expense	530.67	445.39	92.86	47.79	88.75	131.23
Net Interest Income	833.47	835.04	801.03	655.33	637.75	505.17
Net Interest Income Growth (YoY)	-2.30%	4.25%	22.23%	2.76%	26.25%	47.11%
Mortgage Banking Activities	155.24	139.89	163.08	272.28	413.38	119.51
Gain (Loss) on Sale of Assets	1.9	1.9	0.05	-0.51	-	-6
Gain (Loss) on Sale of Investments	12.03	-0.3	0.2	0.52	0.01	0.14
Other Non-Interest Income	62.12	55.12	49.27	26.5	21.81	21.86
Total Non-Interest Income	282.45	244.73	262.65	350.5	486.57	192.36
Non-Interest Income Growth (YoY)	20.20%	-6.82%	-25.07%	-27.96%	152.95%	70.36%
Revenues Before Loan Losses	1,116	1,080	1,064	1,006	1,124	697.52
Provision for Loan Losses	68.94	142.66	71.7	-35.37	145.38	19.76
Revenue	1,047	937.12	991.97	1,041	978.94	677.77
Revenue Growth (YoY)	11.92%	-5.53%	-4.73%	6.36%	44.44%	54.16%
Salaries and Employee Benefits	325.85	310.16	313.01	329.83	356.47	220.51
Occupancy Expenses	38.06	39.15	39.76	35.77	36.25	30.6
Federal Deposit Insurance	26.94	26.94	8.06	5.61	14.08	1.95
Amortization of Goodwill & Intangibles	17.43	18.24	19.74	14.97	19.61	17.71
Selling, General & Administrative	112.25	105.32	96.45	86.58	89.95	70.5
Other Non-Interest Expense	86.23	80.37	82.45	82.66	80.89	51.61
Total Non-Interest Expense	606.76	580.18	559.49	555.41	597.24	392.87
EBT Excluding Unusual Items	440.22	356.94	432.49	485.79	381.7	284.9
Asset Writedown	-	-	21.82	14.53	-40.07	-0.25
Other Unusual Items	-	-	-	-	-	0.04
Pretax Income	440.22	356.94	453.1	496.11	340.24	211.58
Income Tax Expense	109.98	87.83	106.56	119.2	78.26	50.14
Net Income	330.24	269.11	346.54	376.91	261.99	161.44
Net Income to Common	330.24	269.11	346.54	376.91	261.99	161.44
Net Income Growth	15.72%	-22.35%	-8.06%	43.87%	62.28%	33.39%
Basic Shares Outstanding	69	69	69	69	69	58
Diluted Shares Outstanding	69	69	69	70	69	59
Shares Change (YoY)	-0.24%	-0.45%	-0.49%	0.48%	18.45%	35.53%
EPS (Basic)	4.80	3.90	5.01	5.43	3.78	2.76
EPS (Diluted)	4.78	3.89	4.99	5.40	3.77	2.75
EPS Growth	16.00%	-22.04%	-7.59%	43.24%	37.09%	-1.79%
Dividend Per Share	0.600	0.600	0.600	0.600	0.600	0.500
Dividend Growth	0%	0%	0%	0%	20.00%	25.00%
Effective Tax Rate	24.98%	24.61%	23.52%	24.03%	23.00%	23.70%

Source: S&P Capital IQ. Banks template. Financial Sources.