Ameris Bancorp reports Q4 adjusted EPS $1.17, consensus $1.34

Reports Q4 revenue $272.485M, consensus $281.12M. Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, "The strong financial results we are reporting today are a direct result of our team’s continued focus and discipline. The fourth quarter was another strong quarter where we grew tangible book value, expanded the margin, protected our balance sheet and improved our efficiency ratio. The additional provision for credit losses we recorded this quarter is attributable to loan growth and the economic forecast and strengthens our position as we move into 2023. Despite forecasted challenging economic conditions and potential market volatility, we are well positioned for 2023 as we focus on core fundamentals in our strong Southeastern markets."