Ameris Bancorp reports Q4 adjusted EPS $1.07, consensus $1.10

Reports Q4 revenue $262.35M, consensus $264.66M. Recorded Q4 provision for credit losses $23.0M vs. $24.5M in Q3. Tangible book value per share increased $1.26 per share, or 15.4% annualized, during Q4 to $33.64 at December 31, 2023. CEO Palmer Proctor said, “The solid Q4 financial results were a successful way to end 2023 and have us well positioned for 2024. For the quarter and the full year, we continued to grow tangible book value and strengthened our balance sheet through strong deposit growth, controlled loan growth, sound asset quality, increased reserves for credit losses and robust capital growth. We continue to operate with discipline to execute our strategies and to produce strong financial results. Looking forward, we are focused on maintaining disciplined growth and top of peer group financial results in our strong Southeastern markets.”