ABCB - Earnings call 3 2023

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good morning, everyone and welcome to Ameris Bancorp's Third Quarter Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Nicole Stokes, Chief Financial Officer. Ma'am, please go ahead.

Nicole Stokes

Great. thank all and our have Jamie today. call you, you who to joined Thank

we referencing the will and call, amerisbank.com. the During be highlights of website are section the the that available Relations on Investor our at financial release press

Palmer then today CEO; our for discuss our details I'm Credit going by our some opening financial and begin of we up Palmer to Q&A. will I'm with Edwards, open results general Chief Proctor, joined Jon Officer. comments it before and the

But to before you results SEC our filings, our uncertainties. release we cause list begin, I'll that available might to website. are These which actual that We results comments remind press statements. and forward-looking differ some in statements may factors our on of could The risks our include vary materially. are the subject and in

to do will in otherwise, developments any the update forward-looking any statements as early company's reference during except call, assume required Also We a information, financial or performance. measures of certain law. non-GAAP the not new obligation to result as discuss by we

reconciliation these see our measures our presentation. of appendix can measures financial and in You the GAAP to

that, to comments. over And turn Palmer his for I'll with it

H. Proctor

our you talk Thank taking am I we good yesterday. third that I reported our morning, to quarter join you, solid Nicole to everyone. call about the and appreciate today. time proud financial results

positive have a our we and it's discipline the was creates core to really testament and quarter the outlook future. This what for profitability

bond our most industry, impact tangible to value diluted XX% So and minimal core Because from by strong for X%. to moved grew $XX TCE our of earnings and income of million or the quarter, above share. we portfolio, $X.XX of per net annualized third book we to ratio reported the over the counter AOCI these

and deterioration our not in was actually provision credit to bringing credit improved once NPAs. of X.XX% up ratio to quarter. million our as of related $XX.X provision model-driven losses credit and coverage again XXX% this for loans portfolio recorded We This metrics

points, and charge-off basis Our net ratio Ginnie excluding ratio, points. improved improved XX NPA Maes, our XX basis just to to

And declined On discussed from the while as quarter We're $XX.X increased within quarter. by lines I $XXX $XXX side, as should plus to expected and balance we flat Deposits shifts, but this structure. still last improved expected more discerning million core FHLB sheet say, deliberate XXX%. by to pricing improved lending $XXX the successfully our slightly ratio million, and loans mortgage quarter. $XX.X to million, as billion assets reduced being this quarter. securities deposits CDs because we deposits are, with Brokered last remained declined these billion had all warehouse advances loans our our are and our loan-to-deposit we actually relatively of and XX% and

our feel comfortable levels. capitalized and be to continue our capital We well dividend and with

also yesterday October the of approval We another through announced million year. $XXX of next program share repurchase

core each quarter growth, profitability have to a on with diversified today's I'm contribution sheet healthy our teammates remain of economic focus time includes financial focused assets credit this to our take stable core and to and be absorb growth. a We for of team control didn't one value and and the I and and strongest for proud book their every if balance along margin, potential challenges. the extremely success. results growth, expense on for allowance the remiss our with of the controlled call in earning tangible markets in thank some asset I'd strong losses Southeast, We sheet deposit management balance

more detail. With financial to that, I'll our Nicole turn it discuss over in to results

Nicole Stokes

Palmer. you, Thank Great.

$XX.X quarter, we're per income net As million reporting $X.XX of we mentioned, or diluted third for the share.

over And assets X.XX%. X%. ROA basis, just our was pre-provision Our pretax PPNR on a on was return

the the $X.XX quarter. for Our increase quarter value to XX.X% $XX.XX, tangible or return book with of on tangible We of an annualized. common ended XX.XX% improved that's equity

to end mentioned, that equity We've Our end we at said finally it. actually X.XX% common our several quarters TCE the was the and as get last or of probably for the to ratio, we several capital of years tangible to to quarter. increased goal X.XX% quarter at did X% compared

On to million, just side the million. quarter. the our to costs, We interest income $XXX.X up down income of due million revenue $XXX.X again, But about this rising million interest deposit to increase. declined about slightly, were our $X.X things, continues to net for $X.X quarter

points came quarter. in margin X.XX% last than anticipated Our than reported higher down basis the X just X.XX%, at

All [ really up That's on And and money X.XX%. remained months. our at only strong from X money rate. market catch of due points X.XX% of the margin to compression market that rate compression basis year's this for last X first was debt ] year-to-date

this increased that significantly We're slowed the interest-bearing XX points costs really the encouraged pace in by quarter, deposit quarter, has last fact increased points. XX while quarter rising deposit it basis the of only costs third basis as

that So slowing. we see

division continue in whatever that's the in in about that's rate Fed margin which updated whether slightly gain last, We the all mortgage the revenue. million I quarter. the sensitivity and banking and look on ratio. XX.XX% efficient dollar decline adjusted make XX. information a wanted to impressive was of spent be This XX.XX% presentation. culture. that, $X for spent our ways efficiency ratio down It's a that quarter, to XX sale the last Noninterest discipline asset minute million we around the at improvement $X.X for a the initiative this for Total just decision, the then an that, right well next very continuously or that talk about liability about way. a move be declined expense investor of to a not in Page neutral, next for really in We interest more XX% an $X.X to expense on billion drove control noninterest here. to mortgage income quarter. us decreased is sensitive about was presentation, the part to I efficiency sure the is is best all highlighted our right saved an came decreased It close for from We've on Slide the positions and quarter, X.XX%. And take That control. Production to and expense That our and division. almost not.

on As an close want year by and to staffing look rehiring look without head our we've and we the without our reiterating count, as past over model example, are announcing and and core fundamentals focused how the count major by beyond. forward if and morale. to diligent you X.X% analysis and at I head through layoffs to disruption discipline XXXX reduced we

And turn we with call today. to And appreciate that, any the Jamie over I'm the going from time everyone's questions really back to for group.

Operator

Ladies KBW. time, Brady this from gentlemen, comes Gailey that and begin question-and-answer we'll session. at today from question Instructions] [Operator first Our

Brady Gailey

factor hit in and net a really the on held noninterest-bearing, well, to Maybe noninterest-bearing -- deposits down the great into that thinking maybe maybe how is bit. you're has margin? how interest and relative margin the So peers. margin about fourth were does thinking about talk into the quite still just but little the just especially XXXX level quarter in you're a about how XX%

Nicole Stokes

I tied are No, for think sure. all together those Great. Sure.

by basis money change basis then first, my in money from I But paying the then that of up. points kind the a of we that that of bank So positive about data. had one-off the was from some about some deposit first the advances, the actually asset kind X counterintuitive. off loan really that had X home offset move markets. from compression points some was this the compression there mix, talk prepared the time you and lose of our margin. whole remarks sounds market of money market, sensitivity, kind We by But kind of positive one-offs that I'll dividend deposit And mentioned move in that quarter overshadowed mix was some -- as for kind the

we And compared going more declare said when think that. guidance, troughed. our about very now And noninterest-bearing victory specific. to the we've not that couple the know I first give are really, pretty asset like ready I model guidance, some and margin right give than how interest-bearing. we mix that kind we say excited of our But I'm look were and I'm cautious there's X-basis does. probably and that We a margin troughed. being at components. yet behavioral we this very Typically, noninterest-bearing they what banks X one moves of think thought. say point feel we I when to margin there affect issues to much forward, model think And to liability I so about to that what about margin troughed. compression when ready So certainly not we that have I I'm a of think

XX% last 'XX, you slow numbers, I And saw we were XX.X%. December we certainly we quarter, post-Fidelity, of were September And back 'XX, went XX.X% go this XX% at and then at this quarter. of at were we We that in pulled XX.X%. When where back XXXX, of kind those you quarter. pre-COVID, look and we? March of and were were

the I do saw somewhere the to now true kind a behavior we seeing stabilize. I really still like we or that that XX%, two and said between quarter. believe I is of and XX% where feel quarter the that this So be XX% customer

going core somewhere mix XX% we tweak question obviously, guidance would in really whereas like we XX% growth core we'd to for really said the that next noninterest And that think as to then can. keep deposit grow we more by that in that governor it of in deposits, comes or the second XX% year. deposit of to can growth, can margin bearing down that growth. -- growth be that we've to forward But XX%. grow XX%, going our our When core use XX% so the be that to part of if incremental down of, we're loan We

that's stabilize. of piece call, third stabilize. the behavior. high what competitive We've certainly is, that deposits of competitor rates seen the affecting erratic we've then some deposit And seen I And or customer margin would kind

expect that, version all is, I would said compression. little a bit having the So more summary

above I compared that I think this would a agree quarter and ], with victory. last to a XXX out we still margin very huge it, of still strong [ we be said the I if And peers. can cycle have come that

H. Proctor

noninterest-bearing, is attracting And deposits. noninterest-bearing your retention of on there's focusing One And new existing sides then the is your the of accounts. X on to question equation. Brady, efforts deposits, other

So -- banking those when at our our centered have treasury efforts, management or whether it's around you that. look all our plans, been commercial our efforts and are incentive

the helps at are So others mitigate think some that feeling that additional that this not some of are downside I point. we

Brady Gailey

down expenses And quarter Nicole, as expense linked with right. thinking All said Okay. expenses. year? we you XQ then How expense mean, I as great about next onto creep head moving in XQ. into you and control are

Nicole Stokes

Yes.

So expense or -- in don't a as $X.X that we did, there that piece million of gain That that or necessarily the was I credit the mean, OREO. reduction expect about control going everybody is in actually of a think I expenses forward. on part presentation was the I saw benefit

And so immediately. I back think that to be added almost has

if $XXX you annualize about of of at quarter. That leaves comes $XXX about the so look And kind our kind $XXX you million, million fourth -- XXX rate run about that, $XXX.X [indiscernible] of million, to that if million. for year-to-date

to consensus I excluding X% you X% take next that's expenses, guided year. where about right that's I for think I've think then right. if mortgage, us in increase and that, And a think I has

in you consensus. and a $XXX if that take mortgage you is current you that about expenses million. kind with out, production is flat growth mortgage are line So of of flat X% right on assume kind That's and assume

quarter, So kind growth think has understood mentioned well model on that's to I I of messaging I is X% that think to my about of everybody's that X% X% kind right. last received still and or X% been expenses in expense

I else If you probably Everything bit a salaries is break to think down it want and little X% X%. to X%. is further, benefits

consensus. is in blends increase expenses to year, of with which a about current I out kind line that think next total X% be So in

Brady Gailey

year-to-date All in finally Or the do growth book stock you TCE, we plus buybacks X% to think the a you're hit the little I That's in helpful. is capital but think me, should right. at [indiscernible] you've of stock ton. here? more come And not you a value, repurchased a about mode? active still cheap little for mean tangible then bit

H. Proctor

that. you that's tell we that remain we opportunistic would why and of of in And if Well, certainly renewed I we regard we've program, the will and advantage kind obviously. feel that take when appropriate,

Operator

question Piper Sandler. Whitman next from comes from Our Casey

Casey Whitman

Okay.

there of some a growth you speak that see next you you're appreciate seeing update see or seasonality Do the was bit? So this in over that balances but this growth how just sort Palmer, an so? warehouse you environment? loan I as where quarter in to Just can year the to slowing

H. Proctor

think just obviously, being side. is the I banks, of on just asset now take we what of has on of, upside the sheet more the people mentioned you've the Casey, kind really rates earlier, all advantage And increase as side Yes, to with liability that then opportunity heard I the to see due industry the is the balance of discerning. rapid right

So I selective that to margin reprice accordingly our go forward. as time being we and more in build kind of far And utilizing hold we're this credits. margin to think we're

obviously, growth as to opinion, back intentionally discipline go my that's slow will down approach, And -- loan even deposit and the continue allow that kind in have CRE. we've you better And of today pulled it with loan from take very will forward. that does to we'll said our beginning we mode growth. back. ratio priced. what Obviously, that you've is, is, you going we're volume on not allow like to continue. outpace It's deposit Mortgage an the flowing it's do growth when that we and environment obviously you But growth will seen stronger in it our the that credits

So I you'll of to continue the remainder for discipline see that year. think the

Casey Whitman

others? in, it or broad-based you're pretty more particular than Or your across opportunities opportunities less footprint? is there Are seeing Okay. you're that markets where

H. Proctor

and Atlanta of Carolinas. the opportunities for a us, we're too seeing markets, then in has Well, performer always a consistent been lot Florida our and

tell Atlanta kind Jacksonville of And been the pockets and provider addition stable a And you certain activity. for of so always I'd of if probably bright that you then real Tampa spots us of looked are opportunity, at to the lot has in our Carolinas.

I forward. we out look as those So primary look think opportunities are probably and the

Casey Whitman

Okay.

Just X in there's living there. this watch watch us there? can talk that can credit Just sort but in the there you're like list office give looks I you what any in something appreciate question. list, about much seeing give assisted helpful. quarter color Can bucket? on It maybe didn't of you you which Is us just some any move

Jon Edwards

is you X the of would little Yes. help We bit. to did add mean in if see kind those that categories of give I just that to XX% a there. watch list

the million. office as So is there's it's as bucket occupant specifically, on just right the X $X.X nonowner really It's concerned, far credit. watch nonaccrual list now, in

of. there. those So didn't it's noted we there, you anything speak category an X not because really not to office being top that X it's on see the And or

mentioned has year, I So some been had the I the in of first it, ALF the that maybe downgrades think -- we is, category. in starting and

might on have confidence be stress paid the bit has months itself, it correct list kind that of actually which deals and good been the so about that a are of at ALF or that least watch X kind And I off really -- now we've got there for watch X pretty on this larger but But list, there little yes, so. ALF we've on of for of or quarter. had X this side

Operator

next from from Chris Montgomery Janney Our Marinac question Scott. comes

Christopher Marinac

going was those net wanted losses a equipment a just rate out? what the would Wanted for charge-offs called loan I to clarify, run C&I . C&I can finance adjust then good deeper little to go charge-offs. forward? X the we be, And general first, on And for guess, that

Jon Edwards

C&I the roll equipment finance losses, that the where loans Well, is up.

the took that away the And that equipment loan, it group were of because group my related acquired merger. everything at deck, see had items from was fault slide the to we probably group. finance that's Chris, is loans, that you extraordinary pre-acquisition X to So in if the much NPAs say a of pretty you there a pre-acquisition

on of this some took the So a ahead that -- so losses our went was we bit and quarter. on on of It end those $X.X we the about we that have had kind reached million. of and near-term collections determined

and of like rest what far was in year the much finance for rate so equipment 'XX. pretty the run really is the mid-Xs with And about been C&I [ the consistent that ]. So has

think equipment as the bit side far I a before, for as about on group. high is, that the the average talked as we've long-term

And I so do go that kind add expect of as into to back next we year. some

Christopher Marinac

pace you quarters? Great, for few very equipment Or a as at the the similar in Jon. growing the group next That's helpful. year? would And pace look that to change last is finance

Jon Edwards

of some couple moderated last has the it Well, quarters. in

the not As loans big we're outpace going let is Palmer said, that to -- it's picture deposits.

across that kind of happened that during loans in mortgage denominator the decline so warehouse in The the the is And quarter, down. the especially took board. lines,

whole So it and numbering. the just the bit but a not looks look is because it's growth whole you better at of in It's still like the up end-of-period the it little than one really X% portfolio portfolio greater percentage that when of to now time. outpacing that a of just that's sort day

So going the growth kind we that in the same much whole see to it's pretty be of portfolio.

H. Proctor

it We're Chris. growth, if to looking question, sector, that's above that accelerate Yes, beyond your is. in not particular already and what that

Christopher Marinac

Okay. question. quick Great. just -- then one expense And

look handful year, think for deposits? we next a see about new you branches, you should as of expenses continue As new to

H. Proctor

some better has We're closing all branches we repurpose locations. in branch with of to terms a lot new not necessarily to optimization about but do branches or relocating and of that may

of a optimization where in branching. a have we And so that will be void it clearly in are more markets There regard. couple

I branches, in regard. for market, expect wouldn't there. than need that we presence X a or X little instance, other more Tampa Our But much

Operator

comes next Davidson. D.A. Fitzsimmons from from Kevin question Our

Kevin Fitzsimmons

Good morning, everyone.

Nicole Stokes

morning, Good Kevin.

Kevin Fitzsimmons

It reserve -- quarters do your seems it's I'm there model building seems proactively to guys just the inputs the from I quarters. know take it know X of if level have or they also or I'm want have so a we you been row, of -- view a where and stay many near-term in that to where there's of a now top how more getting like like the vantage And number don't with of is like you're from -- I some where have right And curious to shift, it the seems -- ultimately. reserve, that. you massive X you just there ahead today? close us? what getting the -- see our of point, building if earnings comfortable deliberately outlook. a any things are kind is Or curious but your you don't point we and point out to do have quarters Just are model what sacrificing of is there

Jon Edwards

the I Kevin, Well, pointed look found And The the part therefore, you that answer, are of out driven. in models it would forecast quarter because half actually that that I quarter. is third model second or was as it think, following what we provision thereabouts, we the say the in the was at. was

you the the that of what change, really creates the which reserve level and forecasts is tells So itself moderating other, is were of way that one slowing. or

the began So kind of to want that the it sort it in quarter. third of hockey that's a stick, like to maybe way you look seems envision

anticipate of that But tendency levels in in and that model. But as it year. -- the of think part was right now, a kind of early early from change. that stands things moderating it would to things the be would the anticipate the high have kind -- back I year a world the to given I in do the wouldn't we're forecast are level I So it that changing

Kevin Fitzsimmons

victory totally pace quarter And just the wanting close compression, next But a follow-up maybe not Nicole, have trough. to I maybe to getting of the if calling we're helpful. That's two. Great. declare on call on we a you're moderating say understand, we Okay. that, then margin. or some it

the 'XX deposit slowing costs. that do in into asset in rising know a look a we your hit outpace repricing the down view, and As of also, lot And fixed where 'XX, point that maybe hinges should 'XX? to really modest early start But I we do of starting anticipate a quarter second shift in through margin come noninterest-bearing halt. does we slow to assuming on kind the that's compression

Nicole Stokes

second that but expansion guide that lot would there's stabilization I some not I after coming. may there compression some of is there saying think there's So usually quarter. a I'm mild coming necessarily be And more not absolutely. compression

So I higher in kind that stabilizes. it of think mentality, stabilizes it for and longer

with competitors. some loans And could of the months. but with -- to of the issue up reprice, with other got then there's that us people sort from certainly those And issue that driving or competitors all liquidity next a not of do liquidity again, up liquidity for causes XX% deposits. repricing lot sudden the that a has effect. trickle standpoint, if see XX market starts But paying that issue in of that We start a too we've within our to

erratic And because so just and asset we're hesitant the there's the side very definitely some side upward been on some movement I've help. should seeing of that deposit competition. on what

Kevin Fitzsimmons

Okay. serve that's like it help going outpace over of that But necessarily you're it stable, fair? it to really course Is keep the sounds 'XX. not to saying

Nicole Stokes

that Yes, the and goal the target. and fair absolutely is that is

Kevin Fitzsimmons

of you And terms a your bond having terms there your guys activity. banks M&A over conversations, are your Okay. two? quite there. that how Palmer, not out of -- next or activity. lot throwing are pace -- hasn't their just happening appetite this been underwater that's of slowing interest, situation what's I of obviously, down a in of just lot that But anything and portfolios Great. know year And on of one I'm the in view in

H. Proctor

Yes.

will They at industry higher do stay even when accelerate, say are -- had couple I in deals that know, where like going just We've they I I you're I see see you wave announced recently, of think to a of look as you'll the industry. the to think forward, remain year for kind it's so means the are continue don't a now over really think to I going longer. the to a next And two, adapt going going measures. And to of a or their just have just lot rates the consolidation. that to that don't asset adjust high you what for relative diversification historical think don't earnings. all think I they we and and need right they to have aren't is under base, that. But the hardship. create deposit core in of to because generation so pressure banks

together. there I be are So think to partner looking to more going people and more

assuming And is so be can the over way big that, all year. that the we the big if as I year into a aside see they place into following and look get should regulatory there as timing lot around, approval, next we now and -- think next which right taking and a of from a out activity issue

Operator

from Russell question comes next from Stephens. Gunther Our

Russell Elliott Gunther

quick point this a at the outlook. Just one mortgage on

gain thoughts, you're looks is in next into of it guidance MBA the get terms as quarter -- originations both year helpful sale So origination what your be optimistic like for It would to you next 'XX. pretty seeing, and forecast volume in on out from an perspective. look on

H. Proctor

that -- it's at on you gain to the We're Yes. look pleased when sale stabilized. margin, say

in say, quarter, $X.X quarter -- so margin see there, like started And seems we, last we to a stabilized. at this have versus look When that to production, billion. for it at because others were second many quarter, while and deterioration you

time, run last for as said as look in is mind, rate in keep we good we're quarter, space. out. us of think at seasonality kind we a This And -- $X.XXX billion. There I this that's

and to mad the historical it's seasonality think type of I the had as back opposed other activity refi some we pandemic rush going crazes. to

current always for with our that. one there's going towards importantly, biggest with accordingly. comfortable this advantage space. start we fair to comfortable be take terms was year. I positioned of get look volume. do we of if had some to feel some we rates next retail ability the But predicted, the tailwinds of that being the we're end quarter, we'll the improvement said, as as think in are expenses very more opportunities We saw, But rate. And share run much that's in warehouse in of to The And origination, for We seeing our we our we adjust obviously, well especially headwinds. there, think I where falloff as

you from run tell next what just that current rate for a normal good seasonality. would aside we quarter and our into think we see is I fourth barometer So I go year as pretty

Russell Elliott Gunther

I on expense appreciate side you which the Palmer. my of was follow-up. touched things, really And that,

just So earlier further conversation the mortgage curious expenses around if vertical for the reduction considered any 'XX? in

H. Proctor

No.

be got to operate able you run I take think and as and a you team you up we've have now positioned well think going we've deal excellent to, us overhead sides make rate and off to expenses, ability down our scale And that. both I the with any very and there. is business of said, I headwinds poor it's and that that on you and to position we're coming business a scale -- have management well tailwinds has come. advantage sure an obviously, done What doing of got scalable the has job if that the of

disciplined that regard, in a see regard we if that know do, in pretty going we're pullback and think see and in consequential in revenue, So you you're that pullback just to expenses. I then

Operator

final today And ladies from and from gentlemen, our King Truist question comes Brandon Securities.

Brandon King

morning. Good

saw in despite the of loan, a growth. a So quarter nice loan slowing you increase

for couple of your over you quantify expectations asset the kind yields could Nicole, potentially could quarters? next of what So do

Nicole Stokes

Sure.

next months to I'll going of the was like less. reprice loans So that ] at [ that million in about X are got or a our X.X%. And say $X.X that we've

that's the an definitely to window, ] kind X- [ So we've room there's of some X.X%. another And XX-month and for X%, kind that then up. to got $X.X billion of move at in

coming . bit certainly should the there. X help you side, is And see is that on of room in there's should of or the offset that over of noninterest-bearing really why can that some stabilizing change, X of little see side kind which of so. the margin guidance deposit quarters and So that over that's really mix kind where move the next that we then kind competition margin outside next of a asset quarters

Brandon King

I then interest interest-bearing helpful. accounts the noninterest-bearing moving I between within know noticed interest-bearing people more as about change ? to any interest-bearing? Very a And Okay. and were we've your or within lot change what about deposits, market mix but talked checking CDs on money deposit Are like quarter-over-quarter. towards you seeing mix lower

Nicole Stokes

I public in quarter. cyclical And is those have fourth that the coming have No, funds fairly of in comes been that the we one fourth that thing quarter consistent. the will say in, will in that, kind

that's think reason not in money XX% We quarter. That's have about and to in all going again XX% typically marketing now. to no this that about noninterest-bearing interest-bearing, typically come

you shift know blend that, in in. from So a . money fund fourth quarter actually cyclical a public that that's may comes but see money, that the little there

Brandon King

Okay. thinking move And you broker deposits how about are over the And you of maturities? upcoming that can you Do down have from any here? you quarters? do next couple think

Nicole Stokes

there. of CDs of fourth that as brokered see our those again, and manage we the margin of our a well quarter positioned advances in have first have lot public the or quarter so will and to we FHLB to ourselves and staggered. borrowings change that we of kind excess some in So funds kind temporarily And brokered that out come then be not able

of availability we be brokered we'll liquidity, margin perspective, We those continue to places. think ample CDs, and between ample advances I from look So certainly FHLB both okay at ROA there. an have and like to

second So back could those that the see those to that you back would potentially kind it is margin out, pay quarter, runs comes in an we'd ROA of in, public way when need if when it money But which kind this, go perspective we it. fund comes quarter at offset But money as the fourth like fund we from way. public of we'll some in back remember down. just of look

Operator

Ladies and CEO, the gentlemen, Proctor, remarks. back will floor I'd like our question-and-answer to Palmer that conclude session. for closing over any to our turn

H. Proctor

for you to like call. Thank and very much listening everyone earnings to Great. our thank I'd quarter again third

us continues well for this what can as Our things growth profitability, future. we the can position growth. on include is core capital focus, control, you the tell, asset our and which that And controlled remains to

for Ameris So time thank Bank. and you interest your your in

Operator

joining now the today's concluded. thank presentation. for Ladies conference gentlemen, We has and you

lines. You now may your disconnect

Ameris Bancorp (ABCB) 27 Oct 232023 Q3 Earnings call transcript