Ameris ( (ABCB) ) has released its Q1 earnings. Here is a breakdown of the information Ameris presented to its investors.
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Ameris Bancorp, a state-chartered bank headquartered in Atlanta, Georgia, operates 164 financial centers across the Southeast and offers a range of banking and lending services, including mortgage and refinancing services. In its first quarter of 2025, Ameris Bancorp reported a net income of $87.9 million, or $1.27 per diluted share, marking a significant increase from the previous year. The company also saw a 12.5% annualized growth in tangible book value per share, reaching $39.78, and an expansion in net interest margin to 3.73%. Additionally, noninterest-bearing deposits grew to 30.8% of total deposits, and the efficiency ratio improved to 52.83%. Despite a decrease in noninterest income, primarily due to reduced gains on SBA loan sales, Ameris maintained strong financial health with a TCE ratio of 10.78%. Looking forward, Ameris Bancorp remains focused on maintaining its strong core deposit base and operational efficiency, positioning itself for continued success in the Southeast markets.