What is Ameris Bancorp's provision for credit losses?

Ameris Bancorp (ABCB) reported provision for credit losses of $6.11M in Q3 2024.

How has Ameris Bancorp's provision for credit losses changed year-over-year?

Ameris Bancorp's provision for credit losses decreased by 75.0% year-over-year, from $24.46M to $6.11M.

What is the long-term trend for Ameris Bancorp's provision for credit losses?

Over 2 years (2021 to 2023), Ameris Bancorp's provision for credit losses has grown at a 93.4% compound annual growth rate (CAGR), from -$38.12M to $142.66M.

Ameris Bancorp ABCB Provision for Credit Losses

Discontinued — last reported Q3 '24

Segments

By segment

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Banking Division$11.85M-27.8%

Retail Mortgage$3.07M-40.8%

Premium Finance Division$1.45M+217%

Warehouse Lending$177K+201%

Other financials

Income statement

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Revenue$314.4M+10.0%

Net income$110.5M+25.7%

EPS (diluted)$1.63+28.3%

Balance sheet

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Cash & equivalents$1.3B+2.9%

Total debt$50.7M-5.1%

Total equity$4.1B+6.8%

Total assets$28.1B+6.0%

Cash flow

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Operating cash flow$257.1M+120%

CapEx$7.7M+188%

Free cash flow$249.4M+118%

Valuation

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Market cap$5.89B+33.1%

P/E13.6×+1.7×

P/S4.8×+1.0×

Profitability

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Net margin35.2%+3.1pp

FCF margin40.8%+20.2pp

Returns & leverage

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Return on equity11%+0.8pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Ameris Bancorp in its filing.

Tagged under the XBRL concept abcb:AllowanceForCreditLossExpenseReversal.

The official record: Ameris Bancorp’s 10-Q, filed November 8, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ameris Bancorp's provision for credit losses?: Ameris Bancorp (ABCB) reported provision for credit losses of $6.11M in Q3 2024.
How has Ameris Bancorp's provision for credit losses changed year-over-year?: Ameris Bancorp's provision for credit losses decreased by 75.0% year-over-year, from $24.46M to $6.11M.
What is the long-term trend for Ameris Bancorp's provision for credit losses?: Over 2 years (2021 to 2023), Ameris Bancorp's provision for credit losses has grown at a 93.4% compound annual growth rate (CAGR), from -$38.12M to $142.66M.