Ameris Bancorp(ABCB) - 2023 Q2 - Earnings Call Presentation

Financial Performance - Net income for Q2 2023 was $62.6 million, or $0.91 per diluted share[14] - The company's PPNR ROA was 2.01% for Q2 2023[14] - The adjusted efficiency ratio was 53.41%[14] - The TCE ratio was 8.80%[14] - Organic loan growth reached $473.9 million, representing an annualized growth of 9.5%[14] - Total deposit growth was $545.7 million, or 11.0% annualized[14] Balance Sheet and Credit Quality - Nonperforming assets, excluding government-guaranteed loans, improved to 0.30% of total assets[14] - Allowance for credit losses increased to 1.33% of total loans[14] - Reduction in FHLB advances of $875.0 million, or 41.7%, during the quarter[14] Capital Allocation - The company repurchased $8.0 million of shares under its share repurchase plan at an average cost of $30.18 per share[14]