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 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.

Highlights of the Company's results for the full year 2022 include the following: Net income of $346.5 million, or $4.99 per diluted share Growth in tangible book value(1) of $3.66 per share, or 13.9%, to $29.92 at December 31, 2022 Improvement in net interest margin of 44bps, from 3.32% for 2021 to 3.76% for 2022 Growth in total revenue of $64.6 million, or 6.3%, to $1.09 billion this year Adjusted efficiency ratio(1) of 52.54%, compared with 55.00% last year Organic growth in loans of $3.51 billion, or 22.1% Growth in TCE ratio(1) of 62bps, or 7.7%, to 8.67% at December 31, 2022 Growth in noninterest-bearing deposits, representing 40.74% of total deposits, from 39.54% a year ago Significant items from the Company's results for the fourth quarter of 2022 include the following: Net income of $82.2 million, or $1.18 per diluted share Growth in tangible book value(1) of $1.30 per share, or 18.0% annualized, to $29.92 at December 31, 2022 Improvement in net interest margin of 6bps, from 3.97% last quarter to 4.03% this quarter Growth in net interest income of $11.2 million, or 5.2%, to $224.1 million for the fourth quarter of 2022 Adjusted return on average assets(1) of 1.32% Adjusted return on average tangible common equity(1) of 15.78% ATLANTA , Jan. 26, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $82.2 million, or $1.18 per diluted share, for the quarter ended December 31, 2022, compared with $81.9 million, or $1.18 per diluted share, for the quarter ended December 31, 2021. The Company reported adjusted net income(1) of $81.1 million, or $1.17 per diluted share, for the quarter ended December 31, 2022, compared with $81.5 million, or $1.17 per diluted share, for the same period in 2021.

AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS

ATLANTA , Jan. 6, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its fourth quarter and full year 2022 financial results in a press release after the market closes on Thursday, January 26, 2023. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP ANNOUNCES DATE OF FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

QCR Holdings, Inc. (NASDAQ:ABCB ) Q3 2022 Earnings Conference Call October 28, 2022 9:00 AM ET Company Participants Palmer Proctor - CEO Nicole Stokes - CFO Jon Edwards - Chief Credit Officer Conference Call Participants Kevin Fitzsimmons - D.A. Davidson Companies Brady Gailey - KBW Jennifer Demba - Truist Securities David Feaster - Raymond James Christopher Marinac - Janney Montgomery Scott Operator Hello, everyone, and thank you for joining the Ameris Bancorp Third Quarter 2022 Conference Call.

Ameris Bancorp (ABCB) Q3 2022 Earnings Call Transcript

Ameris Bancorp (ABCB) delivered earnings and revenue surprises of -1.49% and 0.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Ameris Bancorp (ABCB) Misses Q3 Earnings Estimates

Highlights of the Company's results for the third quarter of 2022 include the following: Net income of $92.6 million, or $1.34 per diluted share Growth in tangible book value(1) of $0.73 per share, or 10.4% annualized, to $28.62 at September 30, 2022 Adjusted total revenue(1) grew $13.1 million, or 4.9%, when compared with last quarter Improvement in net interest margin of 31bps, from 3.66% last quarter to 3.97% this quarter Adjusted return on average assets(1) of 1.54% Adjusted return on average tangible common equity(1) of 18.33% Adjusted efficiency ratio(1) of 50.06%, compared with 53.66% last quarter Organic growth in loans of $1.25 billion, or 28.4% annualized Continued growth in noninterest bearing deposits, representing 42.86% of total deposits, from 41.98% at June 30, 2022 and 40.44% a year ago ATLANTA , Oct. 27, 2022 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $92.6 million, or $1.34 per diluted share, for the quarter ended September 30, 2022, compared with $81.7 million, or $1.17 per diluted share, for the quarter ended September 30, 2021. The Company reported adjusted net income(1) of $91.8 million, or $1.32 per diluted share, for the quarter ended September 30, 2022, compared with $83.9 million, or $1.20 per diluted share, for the same period in 2021.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2022

Here is how Ameris Bancorp (ABCB) and Carter Bankshares, Inc. (CARE) have performed compared to their sector so far this year.

Has Ameris Bancorp (ABCB) Outpaced Other Finance Stocks This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Ameris Bancorp (ABCB) Stock?

The robust pipelines of unfunded commitments and job markets will likely sustain loan growth. The margin is moderately rate-sensitive thanks to sticky deposit costs.

Ameris Bancorp: Attractively Valued But Earnings Likely To Dip

ATLANTA, Oct. 3, 2022 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its third quarter 2022 financial results in a press release after the market closes on Thursday, October 27, 2022.  H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP ANNOUNCES DATE OF THIRD QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

Here is how Ameris Bancorp (ABCB) and FS KKR Capital (FSK) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Ameris Bancorp (ABCB) This Year?

Are Investors Undervaluing Ameris Bancorp (ABCB) Right Now?

ATLANTA , Aug. 16, 2022 /PRNewswire/ -- Ameris Bank today announced the Ameris Down Payment Grant Program, committing $10 million in grants over the next three years to eligible first-time homebuyers for down payment and closing cost assistance. "Especially given today's tough housing market, the objective of this program is to reduce barriers to homeownership and strengthen communities," said Palmer Proctor, CEO of Ameris Bank.

Ameris Bank Commits $10 Million To Support Eligible First-Time Homebuyers

Ameris Bancorp (NASDAQ:ABCB ) Q2 2022 Earnings Conference Call July 27, 2022 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Jon Edwards - Chief Credit Officer Conference Call Participants Brady Gailey - KBW David Feaster - Raymond James Christopher Marinac - Janney Montgomery Scott Jennifer Demba - Truist Securities Operator Hello, and welcome to today's Ameris Bancorp's Second Quarter Earnings Call. My name is Bailey, and I'll be the moderator for today's call.

Ameris Bancorp (ABCB) CEO Palmer Proctor on Q2 2022 Results - Earnings Call Transcript

Ameris Bancorp (ABCB) delivered earnings and revenue surprises of -0.84% and 5.15%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Ameris Bancorp (ABCB) Q2 Earnings Lag Estimates

Highlights of the Company's results for the second quarter of 2022 include the following: Net income of $90.1 million, or $1.30 per diluted share Growth in tangible book value of $1.05 per share, or 15.7% annualized, to $27.89 at June 30, 2022 Adjusted total revenue grew $14.2 million, or 5.7%, when compared to last quarter Improvement in net interest margin of 31bps, from 3.35% last quarter to 3.66% this quarter Adjusted return on average assets of 1.40% Adjusted return on average tangible common equity of 17.18% Adjusted efficiency ratio of 53.66%, compared with 56.95% last quarter Organic growth in loans of $1.4 billion, or 35.1% annualized Continued growth in noninterest bearing deposits, representing 41.98% of total deposits, from 40.18% at March 31, 2022 and 38.25% a year ago ATLANTA , July 26, 2022 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $90.1 million, or $1.30 per diluted share, for the quarter ended June 30, 2022, compared with $88.3 million, or $1.27 per diluted share, for the quarter ended June 30, 2021. The Company reported adjusted net income of $81.5 million, or $1.18 per diluted share, for the quarter ended June 30, 2022, compared with $87.5 million, or $1.25 per diluted share, for the same period in 2021.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2022

ATLANTA , July 1, 2022 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its second quarter 2022 financial results in a press release after the market closes on Tuesday, July 26, 2022.  H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP ANNOUNCES DATE OF SECOND QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

Ameris (ABCB) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Ameris (ABCB) Stock Stands Out in a Strong Industry

ATLANTA , May 2, 2022 /PRNewswire/ -- As part of the Georgia HEART Hospital Program, Ameris Bank has donated $1,805,000 to 18 rural hospitals throughout Georgia. Ameris Bank has participated in the program since 2018, contributing more than $7,800,000 to rural Georgia hospitals.

Ameris Bank Donates $1,805,000 to Support 18 Rural Georgia Hospitals

Ameris Bancorp (NASDAQ:ABCB ) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET Company Participants Nicole Stokes - Corporate Executive VP and CFO Palmer Proctor - CEO and Director Conference Call Participants Brady Gailey - KBW Casey Whitman - Piper Sandler Kevin Fitzsimmons - D.A. Davidson David Feaster - Raymond James Jennifer Demba - Truist Securities Christopher Marinac - Janney Montgomery Scott Brody Preston - Stephens Inc Operator Hello, everyone, and welcome to the Ameris Bank First Quarter Earnings Conference Call.

Ameris Bancorp (ABCB) CEO Palmer Proctor on Q1 2022 Results - Earnings Call Transcript

Ameris Bancorp (ABCB) delivered earnings and revenue surprises of 0% and 7.50%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Ameris Bancorp (ABCB) Q1 Earnings Match Estimates

Highlights of the Company's results for the first quarter of 2022 include the following: Net income of $81.7 million, or $1.17 per diluted share Organic growth in loans of $269.5 million, or 6.8% annualized (and $350.7 million, or 8.9% annualized, exclusive of PPP loans), during 2022 Growth in tangible book value of $0.58 per share, or 2.2%, to $26.84 at March 31, 2022, compared with $26.26 at December 31, 2021 Less than 1% dilution in tangible book value from decrease in unrealized gain on available-for-sale securities Improvement in net interest margin of 17bps, from 3.18% last quarter to 3.35% this quarter Adjusted return on average assets of 1.31% Adjusted return on average tangible common equity of 16.38% Continued growth in noninterest bearing deposits, representing 40.18% of total deposits, up from 39.54% at December 31, 2021 and 38.07% a year ago ATLANTA, April 26, 2022 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $81.7 million, or $1.17 per diluted share, for the quarter ended March 31, 2022, compared with $125.0 million, or $1.79 per diluted share, for the quarter ended March 31, 2021. The Company reported adjusted net income of $75.0 million, or $1.08 per diluted share, for the quarter ended March 31, 2022, compared with $115.7 million, or $1.66 per diluted share, for the same period in 2021.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2022

ATLANTA , March 31, 2022 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its first quarter 2022 financial results in a press release after the market closes on Tuesday, April 26, 2022. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP ANNOUNCES DATE OF FIRST QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

ATLANTA , March 23, 2022 /PRNewswire/ -- Ameris Bank today announced the reduction or elimination of some overdraft fees for consumer accounts, effective May 31, 2022. Ameris will eliminate non-sufficient funds/return item fees that are traditionally incurred for checks or payments that cannot be processed due to lack of funds.

Ameris Bank Announces Reduction in Overdraft Fees

Ameris Bancorp (ABCB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Ameris Bancorp (ABCB) Rating Upgrade to Strong Buy

Ameris Bancorp (ABCB) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

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