Ameris Bancorp

Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance. The Banking segment offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage segment includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending segment includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA segment is comprised of origination, sales, and servicing of small business administration loans. The Premium Finance segment includes the origination and servicing of commercial insurance premium finance loans. The company was founded on December 18, 1980 and is headquartered in Moultrie, GA.

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Ameris Bancorp reports robust Q4 earnings and eyes strategic growth

Ameris Bancorp delivered strong financial performance in Q4 2022, with notable increases in net income and loan portfolio growth. The company's strategic focus on maintaining top-tier results and enhancing customer experience positions it well for future success.
Despite challenges such as provision expenses and a decrease in non-interest income, Ameris Bancorp's emphasis on expense reduction and operational efficiency showcases its resilience and commitment to long-term growth.

Ameris Bancorp reports robust Q1 earnings amidst cautious loan outlook

Ameris Bancorp's Q1 2023 performance showcased strong financial results and prudent risk management strategies.
While facing challenges in loan growth and credit provisions, the bank's focus on expense control and margin improvement remains a strength.
Opportunities lie in deposit growth, diversifying revenue streams, and maintaining a disciplined approach to financial management.

Ameris Bancorp reports robust Q2 earnings, eyes NII growth

Ameris Bancorp delivered strong financial performance in Q2 2023, driven by deposit and loan growth. The company maintained a focus on core profitability and credit quality.
Despite challenges in the Balboa portfolio, the overall outlook remains positive with opportunities for NII stabilization and growth. Efforts to preserve capital and enhance customer relationships are key priorities.
With a solid balance sheet, stable credit metrics, and strategic growth initiatives, Ameris Bancorp is positioned for continued success and value creation for shareholders.

Ameris Bancorp reports robust Q3 earnings, focuses on margin management

Ameris Bancorp's Q3 performance reflects strong core earnings and improved credit metrics, despite challenges in loan growth and margin stability.
The company's focus on maintaining core profitability and managing margins strategically positions it well for future growth.
Opportunities exist in optimizing funding mix with public fund inflows and enhancing financial performance through expense control.
Analysts' questions highlighted areas of concern, but Ameris Bancorp's proactive measures demonstrate readiness to navigate challenges.

Ameris Bancorp posts robust Q4 results, eyes growth opportunities ahead

Ameris Bancorp's Q4 2023 performance showcased financial strength and efficient expense management, setting a positive tone for future growth.
The company's focus on balance sheet resilience, capital utilization, and core funding growth aligns with strategic objectives for sustainable expansion.
Addressing challenges related to interest margin stability, credit risk management, and deposit repricing will be crucial for navigating future market conditions.

Ameris Bancorp (ABCB) posts robust Q1 results amid strategic focus

Ameris Bancorp's Q1 2024 earnings call highlighted strong financial performance, a focus on core fundamentals, and cautious optimism for future trends. The company aims to balance capital preservation with growth opportunities and efficient cost management strategies.

Ameris Bancorp posts strong Q2 earnings amidst growth opportunities

Ameris Bancorp delivered robust financial performance in Q2 2024, driven by strong deposit and earning assets growth
While facing challenges such as increased interest expenses and credit provisions, the company maintained solid profitability metrics
Opportunities lie in optimizing operational efficiency, leveraging market presence, and sustaining loan growth momentum
Overall, Ameris Bancorp's strategic moves and financial results position it well for future growth and profitability

Ameris Bancorp (ABCB) posts strong Q3 earnings, eyes growth opportunities

Ameris Bancorp (ABCB) reported robust financial results in Q3 2024, driven by strong net income and margin performance. The company's emphasis on NII growth, loan production, and shareholder value underscores its commitment to sustainable growth. While facing challenges like hurricane-related expenses, Ameris Bancorp remains poised to leverage opportunities for further expansion and value creation.

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Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance. The Banking segment offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage segment includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending segment includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA segment consists of origination, sales, and servicing of small business administration loans. The Premium Finance segment includes the origination and servicing of commercial insurance premium finance loans. The company was founded on October, 1971 and is headquartered in Moultrie, GA.

ATLANTA--(BUSINESS WIRE)--Ameris Bank announced today that Emily Dawkins has joined the company as Florida president of Ameris Bank. In this role, Dawkins will be responsible for the continued development and expansion of Ameris Bank's presence throughout Florida, while also accelerating the bank's commitment to commercial and individual customers through its expansive commercial lending, treasury and traditional banking offerings. Dawkins replaces Brian Parks, who has been promoted to head of.

Emily Dawkins Named as Florida President of Ameris Bank

ATLANTA--(BUSINESS WIRE)--Ameris Bank has promoted Brian Parks to the newly created role of head of Wholesale Banking, reporting to Ameris Bank President Lawton Bassett. Parks will be based in Atlanta and oversee Treasury Management, Industry Specialty Banking, Commercial Real Estate & Capital Markets, and Corporate Banking, as well as the metro Atlanta market. Parks joined Ameris in 2020 as regional president covering the majority of the company's Florida markets spanning from Jacksonville.

Ameris Bank Names Brian Parks Head of Wholesale Banking

Ameris Bancorp (NYSE:ABCB ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Nicole Stokes - CFO Palmer Proctor - CEO Doug Strange - CCO Conference Call Participants Will Jones - KBW Christopher Marinac - Janney Russell Gunther - Stephens Manuel Navas - D.A. Davidson David Feaster - Raymond James Brandon King - Truist Securities Operator Good day, and welcome to the Ameris Bancorp Third Quarter Earnings Conference Call.

Ameris Bancorp (ABCB) Q3 2024 Earnings Call Transcript

The headline numbers for Ameris Bancorp (ABCB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Ameris Bancorp (ABCB) Reports Q3 Earnings: What Key Metrics Have to Say

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.16 per share a year ago.

Ameris Bancorp (ABCB) Q3 Earnings Top Estimates

ATLANTA--(BUSINESS WIRE)--Ameris Bancorp (NYSE: ABCB) (the “Company”) today reported net income of $99.2 million, or $1.44 per diluted share, for the quarter ended September 30, 2024, compared with $80.1 million, or $1.16 per diluted share, for the quarter ended September 30, 2023. Excluding the gain on sale of MSRs and natural disaster expenses, adjusted net income(1) was $95.2 million, or $1.38 per diluted share, for the quarter ended September 30, 2024, compared with $80.1 million, or $1.16.

Ameris Bancorp Announces Financial Results for Third Quarter 2024

Evaluate the expected performance of Ameris Bancorp (ABCB) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Ameris Bancorp (ABCB) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Ameris Bancorp (ABCB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ameris Bancorp (ABCB) Earnings Expected to Grow: Should You Buy?

Ameris Bancorp (ABCB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Ameris Bancorp (ABCB) is Poised to Beat Earnings Estimates Again

ATLANTA , Oct. 1, 2024 /PRNewswire/ -- Ameris Bancorp (NYSE: ABCB) (the "Company") announced today that it intends to release its third quarter 2024 financial results in a press release after the market closes on Thursday, October 24, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP TO ANNOUNCE THIRD QUARTER 2024 EARNINGS ON OCTOBER 24, 2024

Here is how Ameris Bancorp (ABCB) and Palomar (PLMR) have performed compared to their sector so far this year.

Is Ameris Bancorp (ABCB) Stock Outpacing Its Finance Peers This Year?

ATLANTA , Sept. 19, 2024 /PRNewswire/ -- The board of directors of Ameris Bancorp (NYSE: ABCB) (the "Company") has declared a dividend of $0.15 per share of the Company's common stock, payable on October 7, 2024, to shareholders of record as of September 30, 2024.

AMERIS BANCORP ANNOUNCES QUARTERLY DIVIDEND

Does Ameris Bancorp (ABCB) have what it takes to be a top stock pick for momentum investors? Let's find out.

Ameris Bancorp (ABCB) Is Up 2.87% in One Week: What You Should Know

ATLANTA , Sept. 13, 2024 /PRNewswire/ -- Ameris Bank is pleased to announce Jorge Perez, Ameris Bank's corporate information security officer, has been recognized in the esteemed 2025 HITEC 100 list honoring the most influential and distinguished Hispanic professionals in technology.

Ameris Bank CISO Jorge Perez Named Among Top Hispanic Professionals in Technology

Here is how Ameris Bancorp (ABCB) and JPMorgan Chase & Co. (JPM) have performed compared to their sector so far this year.

Is Ameris Bancorp (ABCB) Outperforming Other Finance Stocks This Year?

Are You Looking for a Top Momentum Pick? Why Ameris Bancorp (ABCB) is a Great Choice

ATLANTA , Aug. 21, 2024 /PRNewswire/ -- Ameris Bank recently welcomed two commercial banking industry veterans to its well-established team. Bill Kilburg joins Ameris as senior vice president, relationship manager and Patrick Murphy will serve as senior vice president, government relationship manager.

Ameris Bank Expands Commercial Industry Expertise with Key Hires

Ameris Bancorp reported an increase in net interest income in Q2. The bank recorded a net profit of $90.8M in Q2, with a payout ratio of less than 13% based on H1 earnings. Ameris Bancorp has good liquidity with $1.36B in cash, and $1.53B in securities available for sale.

Ameris Bancorp: Strong Earnings, But Keeping An Eye On The Loan Book

ATLANTA , Aug. 7, 2024 /PRNewswire/ -- Ameris Bank is pleased to welcome Jorge Perez as Corporate Information Security Officer (CISO), reporting to Chief Information Officer Ross Creasy. "Jorge is a proven cybersecurity expert with extensive management experience leading programs in business and cyber risk management, strategy, engineering and operations," Creasy said.

Ameris Bank Hires Jorge Perez as Corporate Information Security Officer

While some lawmakers in the United States continue to try to put a stop to politicians using the information attained through their positions to gain unfair advantage in stock trades, others seem to continue stock trading unbothered, including Representative Earl Leroy ‘Buddy' Carter.

Insider trading? Politician sells $1M of this stock days before earnings

Congressman Buddy Carter sold a milion dollars worth of Ameris Bancorp stock just before earnings. The bank is headquartered in the same state that he represents.

Congressman Buddy Carter sells up to $1 million in Ameris Bancorp stock before earnings report: What's behind the move?

Ameris Bancorp (NYSE:ABCB ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Doug Strange - Executive Vice President and Chief Risk Officer Conference Call Participants Catherine Mealo - KBW Christopher Marinac - FIG Partners Brandon King - Truist Russell Gunther - Stephens Manuel Navas - D.A. Davidson David Feaster - Raymond James Operator Good day, and welcome to the Ameris Bancorp Second Quarter Conference Call.

Ameris Bancorp (ABCB) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Ameris Bancorp (ABCB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Ameris Bancorp (ABCB) Q2 Earnings

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.91 per share a year ago.

Ameris Bancorp (ABCB) Beats Q2 Earnings and Revenue Estimates

Highlights of Ameris's results for the second quarter of 2024 include the following: Net income of $90.8 million, or $1.32 per diluted share; Adjusted net income(1) of $80.8 million, or $1.17 per diluted share Return on average assets ("ROA") of 1.41%; Adjusted ROA(1) of 1.25% Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.25%; Adjustment items positively impacted PPNR ROA by 29 basis points Growth in tangible book value(1) of $1.27 per share, or 14.8% annualized, to $35.79 at June 30, 2024 TCE ratio(1) of 9.72%, compared with 8.80% one year ago Net interest margin of 3.58% for the second quarter of 2024, compared with 3.51% in the prior quarter Organic growth in loans of $392.3 million, or 7.7% annualized Growth in total deposits of $446.8 million, or 8.6% annualized Increase in the allowance for loan losses to 1.60% of loans, from 1.55% at March 31, 2024 CRE concentration improved to 274% of capital, from 281% at March 31, 2024 Annualized net charge-offs declined to 0.18% of average total loans ATLANTA , July 25, 2024 /PRNewswire/ -- Ameris Bancorp (NYSE: ABCB) (the "Company") today reported net income of $90.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2024, compared with $62.6 million, or $0.91 per diluted share, for the quarter ended June 30, 2023. Excluding the gain on sale of mortgage servicing rights, gain on conversion of Visa Class B-1 stock, FDIC special assessment, gain on bank owned life insurance ("BOLI") proceeds and tax expense attributable to BOLI restructuring, adjusted net income(1) was $80.8 million, or $1.17 per diluted share, for the quarter ended June 30, 2024, compared with $62.6 million, or $0.91 per diluted share, for the quarter ended June 30, 2023.

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