Ameris Bancorp Reports 62.6% Jump In Q2 Profit

Ameris Bancorp ABCB announced 62.6 percent jump in the net income for the second quarter. Its net interest income also increased 34.6 percent while non-interest income grew 37.6 percent on a year-over-year basis.

For the second quarter, Ameris Bancorp's net income was $20 million or $0.57 a share, up from $12.3 million or $0.38 a share in the same period last year.

The company's net interest income advanced to $55.5 million from $41.3 million while non-interest income grew to $28.4 million from the previous year quarter period.

Commenting on the results, President and CEO, Edwin Hortman, Jr., said, "Organic growth has been increasingly reliable and with our improved efficiency ratios, we expect more profits to hit the bottom line. Our lines of business continue to grow net earnings and credit quality is trending back to levels we have not seen in a decade."

Shares of the company fell 1.15 percent on Thursday.