Ameris Bancorp Q3 net income $80.1 million, down from $92.6 million a year earlier
Ameris Bancorp reported unaudited third-quarter 2023 net income of $80.1 million, or $1.16 per diluted share, up from $62.6 million ($0.91) in the second quarter but down from $92.6 million ($1.34) in the third quarter of 2022. The board also authorized up to $100.0 million in share repurchases through October 31, 2024, and the company will discuss results on a call on October 27, 2023.
Key points
- Net income of $80.1 million, or $1.16 per diluted share, versus $62.6 million ($0.91) in Q2 2023 and $92.6 million ($1.34) in Q3 2022
- Net interest margin fell to 3.54% from 3.97% a year earlier, which the company attributed mainly to rising deposit costs
- Board authorized repurchases of up to $100.0 million of common stock, effective through October 31, 2024
- Tangible book value per share was $32.38 at September 30, 2023, up from $28.62 a year earlier
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 26, 2023.
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.