Ameris Bancorp reported unaudited earnings results for the fourth quarter and twelve months ended December 31, 2012. For the quarter, the company reported net income of $4,672,000, net income available to common shareholders was $3,554,000 or $0.15 per diluted share on total interest income was $32,539,000 against net income of $1,141,000, net income available to common shareholders was $322,000 or $0.01 per diluted share on total interest income was $38,223,000 a year ago. Net interest income was $29,559,000 compared to $32,768,000 a year ago. Operating profit was $7,230,000 compared to $1,728,000 a year ago. Book value as at December 31, 2012 was $10.56 per share and tangible book value was $10.39 per share. Return on average assets was 0.62% and return on average common equity was 7.72% against return on average assets was 0.15% and return on average common equity was 1.82% a year ago.

For the twelve months, the company reported net income of $14,436,000, net income available to common shareholders was $10,859,000 or $0.46 per diluted share on total interest income was $129,479,000 against net income of $21,093,000, net income available to common shareholders was $17,852,000 or $0.76 per diluted share on total interest income was $141,071,000 a year ago. Net interest income was $114,405,000 compared to $113,524,000 a year ago. Operating profit was $21,721,000 compared to $31,649,000 a year ago. Return on average assets was 0.49% and return on average common equity was 6.00% against return on average assets was 0.71% and return on average common equity was 8.52% a year ago.

The company announced net charge-offs for the fourth quarter was $6,399,000 compared to $8,325,000 for the same period a year ago.