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Ameris Bancorp ABCB Provision for Credit Losses
Discontinued — last reported Q3 '24
Provision for Credit Losses at other companies
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Where this comes from
Reported directly by Ameris Bancorp in its filing.
Tagged under the XBRL concept abcb:AllowanceForCreditLossExpenseReversal.
The source filing: Ameris Bancorp’s 10-Q, filed November 8, 2024.
- Filed
- Nov 8, 2024
- Fiscal quarter
- Q3 FY2024
- Calendar quarter
- Q3 2024
- Accession
- 0000351569-24-000039
| Line item | Three Months Ended September 30, 2024 | Three Months Ended September 30, 2023 | Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2023 |
|---|---|---|---|---|
| Provision for loan losses | 6,313 | 30,095 | 57,184 | 123,114 |
| Provision for unfunded commitments | (204) | (5,634) | (11,196) | (3,415) |
| Provision for other credit losses | (2) | (2) | (3) | 5 |
| Provision for credit losses | 6,107 | 24,459 | 45,985 | 119,704 |
| Net interest income after provision for credit losses | 207,953 | 183,292 | 581,384 | 509,239 |
| Noninterest income | ||||
| Service charges on deposit accounts | 12,918 | 12,092 | 37,349 | 34,323 |
| Mortgage banking activity | 37,947 | 36,290 | 123,776 | 108,424 |
Item 1. Financial Statements.
FAQ
- 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.
- What does provision for credit losses mean?
- Provision for credit losses as reported by Ameris Bancorp.
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