Ameris Bancorp posted third-quarter adjusted net income of $68.5 million, or 98 cents per share, compared to $43.3 million, or 91 cents per share, in the year-ago quarter.
The S&P Global Market Intelligence consensus estimate for normalized EPS for the third quarter was 95 cents.
On a GAAP basis, net income available to common shareholders in the third quarter was $21.4 million, or 31 cents per share, down from $41.4 million, or 87 cents per share, a year ago.
Ameris Bancorp recorded third-quarter net interest income of $148.8 million, an increase from $99.0 million in the year-ago period. Net interest margin, on a tax-equivalent basis, for the third quarter was 3.84%, lower than 3.92% posted in the year-ago quarter.
Total noninterest income rose to $77.0 million from $35.2 million in the second quarter and increased from $30.2 million in the year-ago quarter.
The bank's third-quarter provision for loan losses was $6.0 million, up from $2.1 million in the third quarter of 2018.
Total deposits stood at $13.66 billion as of Sept. 30, compared with $9.58 billion at June 30 and $9.18 billion as of Sept. 30, 2018. Total loans amounted to $12.83 billion as of Sept. 30, compared to $9.05 billion at June 30 and $8.53 billion as of Sept. 30, 2018.