Ameris Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Announces Net Charge-Offs for the Fourth Quarter of 2016
For the year, the company's net interest income was $219.4 million compared with $175.5 million a year ago. Income before income taxes was $105.2 million compared with $56.7 million a year ago. Net income available to common shareholders was $72.1 million or $2.08 per diluted share compared with $40.8 million or $1.27 per diluted share a year ago. Adjusted operating net income was $79.98 million or $2.30 per diluted share compared with $53.3 million or $1.66 per diluted share a year ago. Adjusted operating return on average assets was 1.30% compared with 1.11% a year ago. Adjusted operating return on average common tangible equity was 16.71% compared with 13.66% a year ago. Pre-tax operating profit was $105.2 million compared with $56.7 million a year ago.
The company announced net charge-offs of $0.75 million for the fourth quarter ended December 31, 2016.