Ameris Bancorp (ABCB)

Ameris Bancorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,266	1,172	834.97	676.09	690.91
Interest Income on Investments	112.76	108.27	58.92	27.02	35.59
Total Interest Income	1,378	1,280	893.89	703.11	726.5
Interest Paid on Deposits	484.67	356.02	56.11	22.36	59.07
Interest Paid on Borrowings	44.42	89.37	36.76	25.43	29.68
Total Interest Expense	529.09	445.39	92.86	47.79	88.75
Net Interest Income	849.19	835.04	801.03	655.33	637.75
Net Interest Income Growth (YoY)	1.69%	4.25%	22.23%	2.76%	26.25%
Mortgage Banking Activities	160.48	139.89	163.08	272.28	413.38
Gain (Loss) on Sale of Assets	-1.2	1.9	0.05	-0.51	-
Gain (Loss) on Sale of Investments	12.3	-0.3	0.2	0.52	0.01
Other Non-Interest Income	69.59	55.12	49.27	26.5	21.81
Total Non-Interest Income	292.05	244.73	262.65	350.5	486.57
Non-Interest Income Growth (YoY)	19.34%	-6.82%	-25.07%	-27.96%	152.95%
Revenues Before Loan Losses	1,141	1,080	1,064	1,006	1,124
Provision for Loan Losses	58.79	142.66	71.7	-35.37	145.38
Revenue	1,082	937.12	991.97	1,041	978.94
Revenue Growth (YoY)	15.51%	-5.53%	-4.73%	6.36%	44.44%
Salaries and Employee Benefits	347.64	310.16	313.01	329.83	356.47
Occupancy Expenses	48.78	39.15	39.76	35.77	36.25
Federal Deposit Insurance	-	26.94	8.06	5.61	14.08
Amortization of Goodwill & Intangibles	17.19	18.24	19.74	14.97	19.61
Selling, General & Administrative	72.31	105.32	96.45	86.58	89.95
Other Non-Interest Expense	120.67	80.37	82.45	82.66	80.89
Total Non-Interest Expense	606.59	580.18	559.49	555.41	597.24
EBT Excluding Unusual Items	475.86	356.94	432.49	485.79	381.7
Asset Writedown	-	-	21.82	14.53	-40.07
Pretax Income	475.86	356.94	453.1	496.11	340.24
Income Tax Expense	117.18	87.83	106.56	119.2	78.26
Net Income	358.69	269.11	346.54	376.91	261.99
Net Income to Common	358.69	269.11	346.54	376.91	261.99
Net Income Growth	33.29%	-22.35%	-8.06%	43.87%	62.28%
Basic Shares Outstanding	69	69	69	69	69
Diluted Shares Outstanding	69	69	69	70	69
Shares Change (YoY)	-0.06%	-0.45%	-0.49%	0.48%	18.45%
EPS (Basic)	5.21	3.90	5.01	5.43	3.78
EPS (Diluted)	5.19	3.89	4.99	5.40	3.77
EPS Growth	33.42%	-22.04%	-7.59%	43.24%	37.09%
Dividend Per Share	0.650	0.600	0.600	0.600	0.600
Dividend Growth	8.33%	0%	0%	0%	20.00%
Effective Tax Rate	24.62%	24.61%	23.52%	24.03%	23.00%

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