Ameris Bancorp
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
ABCB$81.79+0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of March, 202 (unaudited) and December 31,
Consolidated Balance Sheets
(dollars in thousands, except per share data)
| March 31, 2024 (unaudited) | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $235,931 | $230,470 |
| Interest-bearing deposits in banks | 975,321 | 936,834 |
| Cash and cash equivalents | 1,211,252 | 1,167,304 |
| Debt securities available-for-sale, at fair value, net of allowance for credit losses of $73 and $69 | 1,414,419 | 1,402,944 |
| Debt securities held-to-maturity, at amortized cost, net of allowance for credit losses of $— and $— (fair value of $126,581 and $122,731) | 147,022 | 141,512 |
| Other investments | 77,480 | 71,794 |
| Loans held for sale, at fair value | 364,332 | 281,332 |
| Loans, net of unearned income | 20,600,260 | 20,269,303 |
| Allowance for credit losses | (320,023) | (307,100) |
| Loans, net | 20,280,237 | 19,962,203 |
| Other real estate owned, net | 2,158 | 6,199 |
| Premises and equipment, net | 214,801 | 216,435 |
| Goodwill | 1,015,646 | 1,015,646 |
| Other intangible assets, net | 83,527 | 87,949 |
| Cash value of bank owned life insurance | 396,804 | 395,778 |
| Other assets | 447,767 | 454,603 |
| Total assets | $25,655,445 | $25,203,699 |
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $6,538,322 | $6,491,639 |
| Interest-bearing | 14,459,068 | 14,216,870 |
| Total deposits | 20,997,390 | 20,708,509 |
| Other borrowings | 631,380 | 509,586 |
| Subordinated deferrable interest debentures | 130,814 | 130,315 |
| Other liabilities | 411,123 | 428,542 |
| Total liabilities | 22,170,707 | 21,776,952 |
| Commitments and Contingencies (Note 8) | ||
| Shareholders’ Equity | ||
| Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0 shares issued and outstanding | — | — |
| Common stock, par value $1; 200,000,000 shares authorized; 72,683,199 and 72,516,079 shares issued | 72,683 | 72,516 |
| Capital surplus | 1,948,352 | 1,945,385 |
| Retained earnings | 1,603,832 | 1,539,957 |
| Accumulated other comprehensive loss, net of tax | (39,959) | (35,939) |
| Treasury stock, at cost, 3,567,936 and 3,462,738 shares | (100,170) | (95,172) |
| Total shareholders’ equity | 3,484,738 | 3,426,747 |
| Total liabilities and shareholders’ equity | $25,655,445 | $25,203,699 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.