Ameris Bancorp reports Q3 adjusted EPS $1.38, consensus $1.25

Reports Return on average assets of 1.49%; Adjusted ROA of 1.43%. Reports growth in tangible book value of $1.72 per share, or 19.1% annualized, to $37.51 at September 30, 2024. Commenting on the company’s results, Palmer Proctor, the company’s Chief Executive Officer, said, “This quarter’s strong financial performance reflects our core franchise value, disciplined focus on enhancing shareholder returns and commitment to our customers. We achieved core deposit growth, sold additional MSRs at a gain, reduced GNMA nonaccrual exposure and grew tangible book value by over 19% annualized this quarter. We are building capital at a strong pace, with our TCE ratio now over 10% and CET1 ratio at 12%. We remain dedicated to the Southeast markets, which continue to grow and thrive.”