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American First Financial Inc
Harbor Federal Financial Corporation, which operates as Ameris Bancorp, is a bank holding company for Ameris Bank. The company provides a range of banking services to commercial and retail customers in the United States. Its lending activities include commercial and industrial, real estate, and consumer loans. The company also offers deposit products, such as demand, savings, and time deposits; and mortgage warehouse lending, wealth management, trust, and financial management services. Additionally, it provides credit cards, mobile and online banking, and other financial services. As of December 31, 2020, it operated through 228 banking centers and 243 ATMs in Florida, Georgia, Alabama, and North and South Carolina.
In terms of financial performance, for the quarter ended September 30, 2021, Ameris Bancorp reported net income of $63.6 million, or $1.15 per diluted share, compared to $44.0 million, or $0.81 per diluted share, for the same period in 2020. This represents an increase in earnings per share of 41.4%. The company's net interest income for the third quarter of 2021 was $155.7 million, compared to $123.1 million for the same period in 2020, representing an increase of 26.4%.
In addition, the company's total loans held for investment as of September 30, 2021, were $13.8 billion, compared to $11.6 billion as of September 30, 2020, representing an increase of 18.9%. The company's total deposits as of September 30, 2021, were $15.9 billion, compared to $13.3 billion as of September 30, 2020, representing an increase of 19.4%.
It is important to note that the company operates in a highly competitive industry and is subject to various risks, such as credit risk, interest rate risk, and liquidity risk, among others. Investors should carefully consider these risks and other information in the company's quarterly and annual reports before making an investment decision.
Overall, Ameris Bancorp has demonstrated solid financial performance and growth in recent quarters, with increases in net income, net interest income, loans, and deposits. However, as with any investment, potential investors should conduct their own research and consult with a financial advisor before making a decision.