Ameris Bancorp reports Q2 adjusted EPS,$1.17 consensus $1.14

Reports Q2 revenue $300.63M, consensus $272.81M. Reports Q2 Net interest margin of 3.58% vs. 3.51% in the prior quarter. Tangible book value per share was $35.79 at period end from $34.52. Palmer Proctor, CEO, said, “This quarter we achieved outstanding financial performance, marked by margin expansion, growth in net interest income, and an increase in core deposits, resulting in a PPNR ROA exceeding 2%. We enhanced shareholder value, with tangible book value and earning assets both growing over 14% annualized. Looking ahead, we remain optimistic about the rest of 2024 and beyond, driven by our strong balance sheet, thriving Southeastern markets, and disciplined focus on continuous improvement.”