Ameris bancorp announces financial results for first quarter 2022

Highlights of the company's results for the first quarter of 2022 include the following: net income of $81.7 million, or $1.17 per diluted share organic growth in loans of $269.5 million, or 6.8% annualized (and $350.7 million, or 8.9% annualized, exclusive of ppp loans), during 2022 growth in tangible book value of $0.58 per share, or 2.2%, to $26.84 at march 31, 2022, compared with $26.26 at december 31, 2021 less than 1% dilution in tangible book value from decrease in unrealized gain on available-for-sale securities improvement in net interest margin of 17bps, from 3.18% last quarter to 3.35% this quarter adjusted return on average assets of 1.31% adjusted return on average tangible common equity of 16.38% continued growth in noninterest bearing deposits, representing 40.18% of total deposits, up from 39.54% at december 31, 2021 and 38.07% a year ago atlanta, april 26, 2022 /prnewswire/ -- ameris bancorp (nasdaq: abcb) (the "company") today reported net income of $81.7 million, or $1.17 per diluted share, for the quarter ended march 31, 2022, compared with $125.0 million, or $1.79 per diluted share, for the quarter ended march 31, 2021. the company reported adjusted net income of $75.0 million, or $1.08 per diluted share, for the quarter ended march 31, 2022, compared with $115.7 million, or $1.66 per diluted share, for the same period in 2021.
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