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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 , Oct. 30, 2023 /PRNewswire/ -- Ameris Bank has promoted Ross McWilliams to executive vice president and managing director of the banks' Homebuilder Division. This group serves the homebuilder industry by providing loans and additional banking services for new home construction, as well as lot purchases and development.

Ameris Bank Promotes Ross McWilliams to Lead Homebuilder Division

Ameris Bancorp (NASDAQ:ABCB ) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Nicole Stokes - EVP & CFO Palmer Proctor - CEO Jon Edwards - EVP & CCO Conference Call Participants Brady Gailey - KBW Casey Whitman - Piper Sandler Chris Marinac - Janney Montgomery Scott Kevin Fitzsimmons - DA Davidson Russell Gunther - Stephens Brandon King - Truist Securities Operator Good morning, everyone, and welcome to Ameris Bancorp's Third Quarter Conference Call. All participants will be in a listen-only mode.

Ameris Bancorp (ABCB) Q3 2023 Earnings Call Transcript

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.32 per share a year ago.

Ameris Bancorp (ABCB) Q3 Earnings Surpass Estimates

Highlights of Ameris's results for the third quarter of 2023 include the following: Net income of $80.1 million, or $1.16 per diluted share Return on average assets ("ROA") of 1.25% Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.01% Growth in tangible book value(1) of $0.96 per share, or 12.2% annualized, to $32.38 at September 30, 2023 Increase in the allowance for credit losses to 1.44% of loans, from 1.33% at June 30, 2023, due to forecasted economic conditions, particularly related to commercial real estate price levels Adjusted efficiency ratio(1) of 52.02%, compared with 53.41% in the second quarter of 2023 Nonperforming portfolio assets, excluding government-guaranteed loans, as a percentage of total assets improved three basis points to 0.27% at September 30, 2023, compared with 0.30% at June 30, 2023 Net interest margin of 3.54% for the third quarter of 2023 Cyclical decline in loans of $270.7 million, with the loan to deposit ratio improving to 98% Growth in total deposits of $147.2 million, or 2.9% annualized TCE ratio(1) of 9.11%, compared with 8.80% at June 30, 2023 and 8.75% one year ago ATLANTA , Oct. 26, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $80.1 million, or $1.16 per diluted share, for the quarter ended September 30, 2023, compared with $92.6 million, or $1.34 per diluted share, for the quarter ended September 30, 2022. For the year-to-date period ending September 30, 2023, the Company reported net income of $203.2 million, or $2.94 per diluted share, compared with $264.3 million, or $3.81 per diluted share, for the same period in 2022.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2023

Customers and community members can bring nonperishable food items to Ameris locations through November 30 ATLANTA , Oct. 24, 2023 /PRNewswire/ -- Ameris Bank announced today that is has continued its annual Helping Fight Hunger food drive for the 14th consecutive year. The campaign allows customers and the general public to bring nonperishable food items to any branch location to participate in the effort, now through November 30.

Ameris Bank Holds 14th Annual Food Drive

ATLANTA , Oct. 20, 2023 /PRNewswire/ -- Ameris Bank is expanding its Business Banking unit adding capacity with the addition of specialized bankers to support the business's growth in multiple markets. Ameris Bank is adding 10 business bankers this year, for a total of 19 across its markets, with plans to add more in 2024.

Ameris Bank Expands Business Banking

ATLANTA , Oct. 19, 2023 /PRNewswire/ -- Ameris Bank ("Ameris" or the "Bank"), the wholly owned subsidiary of Ameris Bancorp (Nasdaq: ABCB), today announced that it has entered into a settlement with the U.S. Department of Justice that resolves alleged violations of fair lending laws in the Jacksonville, Florida metropolitan area from 2016 to 2021. As noted in the Consent Order resolving the case, Ameris firmly denies violating, and maintains that it has consistently complied with, applicable fair lending laws.

Ameris Bank Announces Settlement with Department of Justice

Ameris Bancorp is a small bank that has recently experienced some downsides, but it represents a good investment opportunity. The company has a solid loan portfolio and has seen growth in deposits, allowing it to pay down debt and improve its financial condition. While there have been some weaknesses in non-interest income and net interest income, ABCB's book value per share is growing and the stock is attractively priced.

Ameris Bancorp: The Absence Of A Full Recovery Makes This An Interesting Prospect

ATLANTA , Sept. 27, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its third quarter 2023 financial results in a press release after the market closes on Thursday, October 26, 2023.

AMERIS BANCORP ANNOUNCES DATE OF THIRD QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

Atlantic Union Bankshares Corp

Pacific Premier Bancorp

Simmons First National Corporation

These four regional banking stocks are worth looking at for two basic reasons. First, the collapse of Silicon Valley Bank earlier this year, which took the entire sector down.

4 Undervalued Regional Banks in the Russell 2000

Ameris Bancorp (NASDAQ:ABCB ) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants Nicole Stokes - EVP & CFO Palmer Proctor - CEO Jon Edwards - EVP & CCO Conference Call Participants Eric Spector - Raymond James Brady Gailey - KBW Casey Whitman - Piper Sandler Brandon King - Truist Securities Russell Gunther - Stephens Christopher Marinac - Janney Montgomery Scott Operator Thank you for standing by. My name is Ellie, and I will be your conference operator for today.

Ameris Bancorp (ABCB) Q2 2023 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 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ameris Bancorp (ABCB) Reports Q2 Earnings: What Key Metrics Have to Say

Ameris Bancorp (ABCB) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.18 per share a year ago.

Ameris Bancorp (ABCB) Q2 Earnings Miss Estimates

Highlights of Ameris's results for the second quarter of 2023 include the following: Net income of $62.6 million, or $0.91 per diluted share Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.01% Growth in tangible book value(1) of $0.63 per share, or 8.2% annualized, to $31.42 at June 30, 2023 Increase in the allowance for credit losses to 1.33% of loans, from 1.21% at March 31, 2023, due to forecasted economic conditions, particularly related to commercial real estate price levels Adjusted efficiency ratio(1) of 53.41%, compared with 53.66% in the second quarter of last year Nonperforming assets, excluding government-guaranteed loans, as a percentage of total assets improved three basis point to 0.30% at June 30, 2023, compared with 0.33% at March 31, 2023 Net interest margin of 3.60% for the second quarter of 2023 Organic growth in loans of $473.9 million, or 9.5% annualized Growth in total deposits of $545.7 million or 11.0% annualized TCE ratio(1) of 8.80%, compared with 8.55% at March 31, 2023 and 8.58% one year ago ATLANTA , July 27, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $62.6 million, or $0.91 per diluted share, for the quarter ended June 30, 2023, compared with $90.1 million, or $1.30 per diluted share, for the quarter ended  June 30, 2022. Included in the Company's second quarter results was a $45.5 million provision for credit losses related to the updated economic forecast, compared with $14.9 million in the second quarter of last year.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2023

Agree Realty

Cleveland-Cliffs

CNX Resources

Callon Petroleum

DISH Network

East West Bancorp

GameStop

Howard Hughes

Luminar Technologies

Mercedes-Benz Group AG

MoonLake Immunotherapeutics

Nissan Motor Co Ltd

RenaissanceRe Hlds

SPDR S&P 500 ETF Trust

Texas Capital Bancshares

Volvo AB

Zions Bancorp

We continue with our recurring series based on analyzing mid-cap stocks that have enjoyed periods unusual insider interest during the second quarter of the year. An overwhelming trend of bank insiders buying stakes in the regional banking sector still pursues, with insiders signaling that the banking crisis was largely overblown in our view. Today, we are dissecting insider purchases from notable insiders in Zions Bancorporation, Luminar Technologies, GameStop Corporation, East West Bancorp, and Ameris Bancorp.

Strong Mid-Cap Insider Buys: Q2 2023

Ameris Bancorp (ABCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Ameris Bancorp (ABCB) to Report a Decline in Earnings: What to Look Out for

ATLANTA , July 6, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its second quarter 2023 financial results in a press release after the market closes on Thursday, July 27, 2023. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP ANNOUNCES DATE OF SECOND QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

Ameris Bancorp's earnings estimate for 2023 has been reduced to $4.56 per share due to decreased margin estimates and increased provisioning expense estimates. The company's risk level appears manageable. Unrealized losses are low, uninsured deposits are well covered, and exposure to office properties is limited. A buy rating is maintained on Ameris Bancorp with a target price of $39.00, implying a 20.1% upside from the current market price and a total expected return of 22.0%.

Ameris Bancorp: Reducing The Earnings Estimate But Maintaining A Buy

Ameris Bancorp (ABCB) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.08 per share a year ago.

Ameris Bancorp (ABCB) Q1 Earnings Lag Estimates

Highlights of Ameris's results for the first quarter of 2023 include the following: Net income of $60.4 million, or $0.87 per diluted share Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.07% Growth in tangible book value(1) of $0.87 per share, or 11.6% annualized, to $30.79 at March 31, 2023 Increased the allowance for credit losses to 1.21% of loans, from 1.04% at December 31, 2022, due to forecasted economic conditions Adjusted efficiency ratio(1) of 51.99%, compared with 56.95% in the first quarter of last year Nonperforming assets, excluding government-guaranteed loans, as a percentage of total assets improved one basis point to 0.33% at March 31, 2023, compared with 0.34% at December 31, 2022. Net interest margin of 3.76% for the first quarter of 2023 Organic growth in loans of $142.6 million, or 2.9% annualized Growth in total deposits of $434.7 million or 8.9% annualized TCE ratio(1) of 8.55%, compared with 8.67% at December 31, 2022 and 8.32% one year ago Redeemed $75 million floating rate (was 8.39%) subordinated notes due 2027 in March ATLANTA , April 27, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $60.4 million, or $0.87 per diluted share, for the quarter ended March 31, 2023, compared with $81.7 million, or $1.17 per diluted share, for the quarter ended March 31, 2022.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2023

Ameris Bancorp (ABCB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

ATLANTA , April 4, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its first quarter 2023 financial results in a press release after the market closes on Thursday, April 27, 2023. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP ANNOUNCES DATE OF FIRST QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

Ameris came up short on the topline in the fourth quarter, as a more fixed-rate loan book compared to many peers caps the near-term benefit of higher rates. Management has meaningfully diversified the loan book while also significantly upgrading the deposit base; modest asset sensitivity should be a positive from here, and I expect better-than-average deposit costs.

Ameris Bancorp Delivering On Self-Improvement

ATLANTA , March 1, 2023 /PRNewswire/ -- Ameris Bank has donated $2,055,000 to 15 rural hospitals across the state of Georgia, through the Georgia HEART Hospital Program in 2023. Ameris has been participating in the program since 2018, contributing more than $10,000,000.

Ameris Bank Donates $2,055,000 to Support 15 Rural Georgia Hospitals

Ameris Bancorp (NASDAQ:ABCB ) Q4 2022 Earnings Conference Call January 28, 2023 9:00 AM ET Company Participants Palmer Proctor - Chief Executive Officer Nicole Stokes - Chief Financial Officer Jon Edwards - Chief Credit Officer Conference Call Participants Casey Whitman - Piper Sandler Brady Gailey - KBW Christopher Marinac - Janney Montgomery Scott Operator Hello everyone and welcome to the Ameris Bancorp fourth quarter 2022 conference call, and thank you for standing by. My name is Daisy and I will be coordinating your call today.

News for Ameris Bancorp Stock (ABCB)