Ameris Bancorp (FRA:AXU) Credit Losses Provision : €105.4 Mil (As of Mar. 2024)

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What is Ameris Bancorp Credit Losses Provision?

Ameris Bancorp's credit losses provision for the three months ended in Mar. 2024 was €19.4 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €105.4 Mil.

Ameris Bancorp's quarterly credit losses provision declined from Sep. 2023 (€22.9 Mil) to Dec. 2023 (€21.0 Mil) and declined from Dec. 2023 (€21.0 Mil) to Mar. 2024 (€19.4 Mil).

Ameris Bancorp's annual credit losses provision increased from Dec. 2021 (€-31.3 Mil) to Dec. 2022 (€67.7 Mil) and increased from Dec. 2022 (€67.7 Mil) to Dec. 2023 (€130.8 Mil).

Ameris Bancorp Credit Losses Provision Historical Data

The historical data trend for Ameris Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ameris Bancorp Credit Losses Provision Chart

Ameris Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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17.78

119.50

-31.30

67.68

130.82

Ameris Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															46.45	42.01	22.92	21.05	19.42

Ameris Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €105.4 Mil.

Ameris Bancorp (FRA:AXU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ameris Bancorp (FRA:AXU) » Definitions » Credit Losses Provision

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ABCB:USA

Address

3490 Piedmont Road N.E., Suite 1550, Atlanta, GA, USA, 30305

Website

https://www.amerisbank.com

Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking division. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.