Fri, May 9, 6:03 PM (14 days ago)
**Ameris Bancorp (ABCB) Q1 2025 Financial Performance** **Financial Health and Performance Metrics:** - **Revenue:** Total revenue for Q1 2025 was $333.8 million, up from $329.5 million in Q1 2024. - **Net Income:** Net income increased to $87.9 million (up 18.3% YoY) from $74.3 million in Q1 2024. - **Profit Margins:** Net interest margin was 3.73%, up from 3.51% in Q1 2024. - **Cash Flow:** Net cash provided by operating activities was $116.9 million, significantly higher than $18.6 million in Q1 2024. - **Earnings Changes:** Earnings per share (EPS) increased to $1.27 from $1.08 in Q1 2024. **Quarterly Performance Discussion:** - **Loan Growth:** Loan production was $4.1 billion with a weighted average yield of 6.86%. - **Deposit Growth:** Total deposits increased by $190.0 million (0.9%) to $21.91 billion. - **Credit Quality:** Non-performing assets decreased to 0.44% of total assets from 0.47% in Q1 2024. - **Provision for Credit Losses:** Increased to $21.9 million from $21.1 million in Q1 2024. **Trends and Uncertainties:** - **Interest Rates:** The yield on loans decreased to 5.82% from 5.92% in Q1 2024. - **Economic Forecast:** The provision for credit losses increased due to updated economic forecasts, including increases in unemployment and multifamily vacancies. - **Market Conditions:** The Company continues to monitor market conditions and economic trends that may impact loan demand and credit quality. **Future Operations Impact:** - **Capital Management:** The Company remains well-capitalized with a Tier 1 leverage ratio of 11.00% and a CET1 ratio of 12.87%. - **Liquidity:** The Company maintains strong liquidity with $3.52 billion available for borrowing from the FHLB and $2.29 billion from the FRB Discount Window. - **Share Repurchase Program:** The Company has repurchased $15.0 million of its common stock under the current program, with $85.0 million remaining authorized. **Summary:** Ameris Bancorp reported strong financial performance in Q1 2025, with significant increases in net income and earnings per share. The Company maintained robust credit quality and liquidity, while navigating economic uncertainties. The outlook remains positive, supported by strong capital management and strategic initiatives.