RSS   Newsletter   Contact   Advertise with us

Ameris Bancorp Q3 net income $116.1 million

Christian Fernsby ▼ | October 23, 2020
Ameris Bancorp reported net income of $116.1 million for the quarter ended September 30, 2020, compared with $21.4 million for the quarter ended September 30, 2019.
Ameris Bancorp
Ameris Bancorp   The increase in net income
The increase in net income is primarily attributable to increases in mortgage banking activity of $85.6 million and net interest income of $13.8 million and a decrease of merger and conversion charges of $65.2 million, partially offset by an increase of $11.7 million in provision for credit losses compared with the third quarter of 2019.

Topics: Ameris Bancorp

The Company reported adjusted net income of $116.9 million, or $1.69 per diluted share, for the quarter ended September 30, 2020, compared with $68.5 million.


 

MORE INSIDE POST