Ameris Bancorp (NASDAQ:ABCB) Q4 2023 Earnings Call Transcript

Palmer Proctor: Yes, in the perfect world, obviously, would be all loans will be funded with core funding, but we know that’s not a reality. So, — and then there’s obviously a balance there in terms of our desire for loan growth. Right now, I’d tell you that loan growth desire is muted as we talked about earlier. So, I think you’re going to probably see a — from a percentage standpoint, you’ll probably see more core funding relative to loan growth. But once we start accelerating loan growth or feel it’s appropriate to do so, then you would probably see more of a utilizing wholesale funding or other types of funding beyond just core funding.

David Feaster: Okay, terrific. Thanks everybody.

Operator: This concludes the question-and-answer session. I would like to turn the conference back over to Mr. Palmer Proctor for any closing remarks. Please go ahead sir.

Palmer Proctor: Yes. I’d just like to thank everyone once again for listening to our fourth quarter and full year 2023 earnings results. And I’d also like to give a special thank you and recognition to Jon Edwards, our Chief Credit Officer. This will be his last earnings call. But I’d like to thank him for his friendship and service to Ameris for over 25 years. We are certainly going to miss him, but he assures me that he’s just a phone call away if we ever need him. But I want to thank everybody once again for their time and their interest in Ameris Bank. Have a great day.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.