Ameris Bancorp Q3 net income rises to $99.2 million, or $1.44 per diluted share
Ameris Bancorp reported unaudited third-quarter 2024 net income of $99.2 million, or $1.44 per diluted share, up from $80.1 million, or $1.16 per share, a year earlier. Net interest income rose 3.0% year over year, but noninterest income fell 21.4% from the second quarter and the net interest margin narrowed to 3.51%. The company also authorized a $100.0 million share repurchase program on October 18, 2024.
Key points
- Q3 2024 net income was $99.2 million, or $1.44 per diluted share, versus $90.8 million, or $1.32 per share, in Q2 2024
- Adjusted net income was $95.2 million, or $1.38 per diluted share, excluding a $5.2 million gain on mortgage servicing rights sale and natural disaster expenses
- Net interest margin was 3.51%, down from 3.58% in Q2 2024; noninterest income was $69.7 million, down from $88.7 million
- Board authorized repurchases of up to $100.0 million of common stock on October 18, 2024, running through October 31, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.