AMERIS BANCORP ABCB Income Statement

Ameris bancorp (ABCB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income
Interest and fees on loans
645,689	586,848	516,206	451,630	417,343	378,209	339,900	299,892	282,633	270,887	255,429	242,289	230,989	218,659	208,013	196,466	182,140	171,567	165,466	159,301	154,760	150,611	138,665	128,688	123,250	117,497	118,537	118,069	118,544	119,310	124,342	126,810	129,352	128,841	119,945	116,499	0	0	0
Interest on taxable securities
41,177	40,138	38,466	35,904	32,842	29,006	25,417	21,687	20,561	20,154	19,405	18,679	18,038	17,824	18,016	18,374	17,567	16,134	14,708	13,048	12,254	12,086	10,970	9,656	8,422	7,134	6,873	7,170	7,638	8,250	8,863	9,518	9,905	10,254	10,199	10,029	0	0	0
Interest on nontaxable securities
594	593	621	657	734	900	1,077	1,265	1,487	1,581	1,634	1,639	1,692	1,722	1,755	1,838	1,846	1,869	1,894	1,910	1,760	1,626	1,485	1,341	1,373	1,413	1,442	1,455	1,485	1,475	1,461	1,426	1,366	1,321	1,259	1,228	0	0	0
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-
Interest on deposits in other banks and federal funds sold
6,097	8,139	9,547	9,407	7,597	4,984	3,747	2,500	2,128	1,725	1,238	987	804	827	893	984	998	790	617	417	280	236	293	291	275	276	256	316	399	434	466	515	562	617	605	561	0	0	0
Total interest income
694,233	636,394	565,067	497,825	458,743	413,326	370,141	325,344	306,809	294,347	277,739	263,627	251,556	239,065	228,710	217,695	202,584	190,393	182,692	174,683	169,061	164,566	151,415	139,978	133,322	126,322	127,112	127,014	128,070	129,479	135,163	138,300	141,216	141,071	132,021	128,330	0	0	0
Interest expense
Interest on deposits
104,951	102,533	93,421	79,626	63,966	49,054	36,594	26,100	22,886	19,877	17,159	15,097	13,432	12,410	11,417	10,864	10,213	9,752	9,625	9,644	9,585	9,488	8,994	8,479	8,357	8,400	8,937	9,917	11,469	13,327	15,596	19,022	22,215	25,506	27,537	28,190	0	0	0
Interest on other borrowings
35,566	28,695	22,277	18,561	20,791	20,880	20,186	18,066	15,587	14,345	12,699	10,437	8,599	7,284	6,583	5,789	5,230	5,104	5,142	5,381	5,242	5,192	4,490	3,380	2,634	1,737	1,482	1,486	1,585	1,747	1,950	2,097	1,957	2,041	1,731	1,330	0	0	0
Total interest expense
140,517	131,228	115,698	98,187	84,757	69,934	56,780	44,166	38,473	34,222	29,858	25,534	22,031	19,694	18,000	16,653	15,443	14,856	14,767	15,025	14,827	14,680	13,484	11,859	10,991	10,137	10,419	11,403	13,054	15,074	17,546	21,119	24,172	27,547	29,268	29,520	0	0	0
Net interest income
553,716	505,166	449,369	399,638	373,986	343,392	313,361	281,178	268,336	260,125	247,881	238,093	229,525	219,371	210,710	201,042	187,141	175,537	167,925	159,658	154,234	149,886	137,931	128,119	122,331	116,185	116,693	115,611	115,016	114,405	117,614	117,178	117,044	113,524	102,756	98,813	0	0	0
Provision for loan losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for unfunded commitments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	17,726	13,832	-	16,667	15,542	15,234	8,329	8,364	7,538	6,562	5,246	4,091	2,934	3,109	4,876	5,264	5,599	6,282	4,991	5,648	6,238	7,489	10,289	11,486	14,450	18,070	21,130	31,089	35,666	36,678	38,568	32,729	33,449	44,505	0	0	0
Net interest income after provision for credit losses
496,319	485,408	431,643	385,806	355,712	326,725	297,819	265,944	260,007	251,761	240,343	231,531	224,279	215,280	207,776	197,933	182,265	170,273	162,326	153,376	149,243	144,238	131,693	120,630	112,042	104,699	102,243	97,541	93,886	83,316	81,948	80,500	78,476	80,795	69,307	54,308	0	0	0
Noninterest income
Service charges on deposit accounts
50,990	50,792	49,822	49,101	47,546	46,128	43,871	41,716	41,719	42,054	42,750	43,573	43,393	42,745	41,828	41,236	37,951	34,465	30,868	26,761	25,457	24,614	23,157	21,446	20,294	19,545	19,779	19,952	20,027	19,576	18,760	18,305	18,200	18,081	17,359	16,313	0	0	0
Mortgage banking activity
140,065	119,409	98,510	59,551	56,431	53,654	51,422	50,680	49,220	48,535	48,376	49,103	49,302	48,298	47,006	43,343	38,928	36,800	34,632	31,726	29,001	25,986	23,999	21,733	19,732	19,128	19,465	17,973	15,978	12,989	9,659	6,626	3,996	2,971	2,245	2,213	0	0	0
Other service charges, commissions and fees
4,252	3,913	3,671	3,225	3,129	3,059	2,952	2,861	2,893	2,883	2,843	2,935	3,173	3,575	3,981	4,335	4,197	3,754	3,285	2,830	2,663	2,647	2,616	2,519	2,474	2,151	1,926	1,664	1,369	1,431	1,387	1,448	1,399	1,247	1,084	924	0	0	0
Net gain (loss) on securities
63	138	140	184	-8	-37	-38	-86	74	37	37	37	0	94	94	209	219	137	137	154	144	138	138	6	5	171	0	0	0	-	-	-	-	238	0	0	0	-	-
Gain on acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,037	46,904	0	0	-	0	-	-	-	0
Other noninterest income
20,293	17,803	18,599	11,859	12,893	12,880	8,708	8,572	6,719	6,358	7,186	7,409	7,379	7,115	6,505	6,405	6,480	5,908	6,723	7,097	6,496	5,555	6,581	5,174	3,938	4,054	5,009	4,133	3,838	3,255	3,045	3,496	3,365	3,403	3,106	2,330	0	0	0
Total noninterest income
221,721	198,113	173,470	126,648	122,719	118,412	111,505	108,333	105,215	104,457	105,166	107,031	107,221	105,801	103,936	100,050	92,297	85,586	79,541	72,464	67,657	62,836	57,991	52,378	47,943	46,549	46,936	44,479	41,970	57,874	52,888	76,779	73,878	52,807	50,899	30,226	0	0	0
Noninterest expense
Salaries and employee benefits
261,552	223,938	193,259	154,040	155,375	149,132	140,553	134,722	124,078	119,783	114,646	110,045	108,444	106,837	107,672	104,624	99,558	94,003	87,347	82,639	77,116	73,878	69,633	63,819	60,258	56,670	57,384	56,738	55,482	53,122	48,254	44,517	41,813	40,210	36,847	34,845	0	0	0
Occupancy and equipment expense
44,420	40,596	36,622	32,581	31,137	29,131	27,196	24,634	24,390	24,069	24,396	24,349	24,574	24,397	23,977	23,903	22,341	21,195	19,995	18,749	18,011	17,521	16,032	14,512	13,419	12,286	12,711	12,902	12,804	13,208	12,260	12,123	11,995	11,390	10,856	9,678	0	0	0
Data processing and communications expenses
42,076	38,513	35,444	33,590	31,641	30,385	29,311	27,843	28,432	27,869	26,894	26,029	25,050	24,591	24,393	23,537	21,702	19,849	18,032	16,631	16,357	15,551	14,383	13,527	12,423	11,539	11,732	11,259	11,328	10,683	10,079	10,297	9,844	10,315	9,394	8,654	0	0	0
Credit resolution-related expenses
5,369	4,082	4,158	4,312	4,378	4,016	3,456	3,555	3,109	3,493	3,962	4,141	5,306	6,172	7,312	6,869	16,345	17,707	20,774	22,877	14,477	13,506	11,187	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and marketing expense
8,544	7,927	7,310	6,814	6,083	5,571	5,457	5,251	5,254	5,131	4,885	4,887	4,482	4,181	4,079	3,497	3,476	3,312	2,988	2,915	2,800	2,869	2,626	2,466	2,075	1,620	1,504	1,491	1,528	1,622	1,355	1,123	908	722	668	622	0	0	0
Amortization of intangible assets
20,199	17,700	15,610	12,567	11,698	9,500	6,772	5,037	3,798	3,900	4,034	4,086	4,392	4,376	4,492	4,820	4,131	3,741	3,243	2,620	2,427	2,330	2,014	1,662	1,583	1,414	1,431	1,449	1,503	1,359	1,225	1,138	968	1,011	1,036	945	0	0	0
Merger and conversion charges
71,588	73,105	71,687	6,805	21,721	20,499	19,923	19,739	1,348	915	511	419	419	6,376	8,166	8,612	14,324	7,980	6,240	6,345	3,505	3,940	4,385	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other noninterest expenses
68,225	53,484	51,287	44,324	38,135	35,607	26,041	29,342	29,067	28,311	34,351	29,155	27,064	25,308	27,172	26,598	25,088	24,405	23,137	19,163	17,700	15,210	11,307	10,433	11,743	16,257	1,326	5,793	6,922	14,935	45,445	49,873	49,516	38,305	33,141	31,318	0	0	0
Total noninterest expense
534,565	471,937	425,183	304,839	309,974	293,647	277,174	268,588	237,941	231,936	227,276	216,708	213,328	215,835	214,186	209,383	213,888	199,115	187,820	178,003	158,457	150,869	146,760	136,930	126,300	121,945	114,112	114,173	114,108	119,470	118,618	119,071	115,044	101,953	91,942	86,062	0	0	0
Income before income tax expense
183,475	211,584	179,930	207,615	168,457	151,490	132,150	105,689	127,281	124,282	118,233	121,854	118,172	105,246	97,526	88,600	60,674	56,744	54,047	47,837	58,443	56,205	42,924	36,078	33,685	29,303	35,067	27,847	21,748	21,720	16,218	38,208	37,310	31,649	28,264	-1,528	0	0	0
Income tax expense
42,617	50,143	36,201	43,826	34,185	30,463	45,509	40,334	48,226	50,734	35,658	37,880	37,236	33,146	29,455	26,459	17,274	15,897	16,768	14,522	18,306	17,482	13,403	11,543	10,602	9,285	11,755	9,309	7,393	7,285	5,314	12,747	12,230	10,556	9,209	-704	0	0	0
Net income
140,858	161,441	143,729	163,789	134,272	121,027	86,641	65,355	79,055	73,548	82,575	83,974	80,936	72,100	68,071	62,141	43,400	40,847	37,279	33,315	40,137	38,723	29,521	24,535	23,083	20,018	23,312	18,538	14,355	14,435	10,904	25,461	25,080	21,093	19,055	-824	0	0	0
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	286	698	1,141	1,583	1,738	2,444	2,828	3,203	3,577	3,278	3,268	3,258	3,241	3,229	3,211	0	0	0
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,437	28,823	23,394	21,500	18,280	20,868	15,710	11,152	10,858	7,626	22,193	21,822	17,852	15,826	-4,035	0	0	0
Other comprehensive income
Net unrealized holding gains arising during period on investment securities available for sale, net of tax expense of $5,756 and $1,028
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Reclassification adjustment for gains on investment securities included in earnings, net of tax of $0 and $(12)
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	0	-
Unrealized losses on cash flow hedges arising during period, net of tax benefit of $(26) and $(46)
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Other comprehensive income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Total comprehensive income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Basic earnings per common share (in dollars per share)
0.28	0.79	0.31	0.82	0.84	1.00	0.87	0.24	0.70	0.25	0.54	0.62	0.59	0.52	0.62	0.58	0.38	0.00	0.49	0.04	0.32	-	0.44	0.32	-	-	0.26	0.26	-	-	0.05	-	-	-	0.67	-	-	-0.07	-
Diluted earnings per common share (in dollars per share)
0.28	0.78	0.31	0.82	0.84	0.99	0.87	0.24	0.70	0.23	0.54	0.62	0.59	0.53	0.61	0.57	0.37	0.00	0.48	0.04	0.32	-	0.43	0.32	-	-	0.26	0.26	-	-	0.04	-	-	-	0.66	-	-	-0.07	-
Basic and diluted earnings per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.32	-	-	-	0.20	-	-	0.07	0.19	-	-	0.06	0.02	-	-0.20
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	0.10	-	0.10	0.10	0.10	0.10	0.10	0.05	0.05	0.05	0.05	0.05	0.05	-	0.05	0.05	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares outstanding (in thousands)
Basic (in shares)
69,248	69,799	69,372	47,311	47,366	47,654	47,515	39,432	37,967	37,260	37,225	37,163	35,664	34,933	34,870	34,833	32,752	32,226	32,195	32,184	30,443	-76,994	26,773	25,181	25,144	24,024	23,901	23,879	23,868	-71,304	23,819	23,819	23,762	-	23,438	23,449	23	23,571	21,231
Diluted (in shares)
69,502	70,062	69,600	47,338	47,456	47,347	47,685	39,710	38,250	37,494	37,553	37,489	36,040	35,406	35,195	35,153	33,054	32,639	32,553	32,520	30,796	-78,200	27,161	25,572	25,573	24,542	24,316	24,288	24,246	-71,766	23,973	23,973	23,916	-	23,559	23,508	23	23,571	21,231