Ameris Bancorp (ABCB) has reported an 83.91 percent plunge in profit for the quarter ended Jun. 30, 2015. The company has earned $1.31 million, or $0.04 a share in the quarter, compared with $8.13 million, or $0.32 a share for the same period last year. Revenue during the quarter grew 17.98 percent to $58.66 million from $49.72 million in the previous year period. Net interest income for the quarter rose 15.38 percent over the prior year period to $40.69 million. Non-interest income for the quarter rose 30.39 percent over the last year period to $20.63 million.
Ameris Bancorp has made provision of $2.66 million for loan losses during the quarter, up 94.58 percent from $1.36 million in the same period last year.
Total assets stood at $5,205.73 million as on Jun. 30, 2015, up 31.02 percent compared with $3,973.14 million on Jun. 30, 2014. On the other hand, total liabilities stood at $4,718.96 million as on Jun. 30, 2015, up 30.01 percent from $3,629.74 million on Jun. 30, 2014.
Net loans stood at $3,436.84 million as on Jun. 30, 2015, up 23.57 percent compared with $2,781.19 million on Jun. 30, 2014. Deposits stood at $4,511.55 million as on Jun. 30, 2015, up 33.12 percent compared with $3,389.04 million on Jun. 30, 2014.
Noninterest-bearing deposit liabilities were $1,280.17 million or 28.38 percent of total deposits on Jun. 30, 2015, compared with $790.80 million or 23.33 percent of total deposits on Jun. 30, 2014.
Investments stood at $871.48 million as on Jun. 30, 2015, up 59.44 percent or $324.88 million from year-ago. Shareholders equity stood at $486.77 million as on Jun. 30, 2015, up 41.75 percent or $143.37 million from year-ago.
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