Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. It offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. The company also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and small unsecured personal credit lines. In addition, it originates, administers, and services commercial insurance premium loans and small business administration loans. The company operates 164 full service domestic banking offices and 33 mortgage and loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Atlanta, Georgia.
IPO Year: 1994
Exchange: NASDAQ
Website: amerisbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $67.00 | Mkt Perform → Outperform | Raymond James |
| 10/10/2023 | $44.00 | Neutral → Buy | DA Davidson |
| 4/4/2023 | $41.00 | Equal-Weight | Stephens |
| 12/5/2022 | $62.00 | Overweight | Piper Sandler |
| 10/31/2022 | Outperform → Mkt Perform | Raymond James | |
| 12/30/2021 | $56.00 → $57.00 | Equal-Weight | Stephens & Co. |
| 11/1/2021 | $55.00 → $57.00 | Outperform | Raymond James |
| 9/30/2021 | $56.00 | Overweight → Equal-Weight | Stephens & Co. |
Ameris Bancorp (NYSE:ABCB) has been recognized on Forbes' list of America's Best Companies 2025. This inaugural Forbes list is developed from a comprehensive analysis of more than 60 metrics including customer sentiment, public trust, cybersecurity, employee satisfaction, workforce stability and financial strength. "This award is a testament to our team for maintaining a relentless commitment to an excellent customer experience while achieving high performance metrics," said Ameris Bancorp CEO Palmer Proctor, Jr. "Our bankers are deeply invested in their communities, and we are proud to combine user-friendly technology with personal expertise in serving businesses and individual custome
Ameris Bancorp (NYSE:ABCB) (the "Company") announced today that it intends to release its fourth quarter and full year 2024 financial results in a press release after the market closes on Thursday, January 30, 2025. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, January 31, 2025 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference
The board of directors of Ameris Bancorp (NYSE:ABCB) (the "Company") has declared a dividend of $0.20 per share of the Company's common stock, which represents an increase of $0.05, or 33.3%, per share compared with the previous quarterly dividend of $0.15 per share. The common stock dividend is payable on January 6, 2025, to shareholders of record as of December 31, 2024. About Ameris Bancorp Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and also serves consumer and business customers nationwide through select lending channels. Ameris manages $26.4 billion in assets as of
In the news release, Waste-to-Value Pioneer Nexus W2V Secures $140MM Investment & Announces Construction of Flagship RNG Facility in Indiana, issued 10-Dec-2024 by Nexus PMG over PR Newswire, we are advised by the company that there have been changes throughout. The complete, corrected release follows: Waste-to-Value Pioneer Nexus W2V Secures $140MM Investment & Announces Construction of Flagship RNG Facility in Indiana The company plans to roll out cost-competitive waste remediation solutions to communities across North America, beginning in Indiana CHICAGO, Dec. 10, 2024 /PRNewswire/ -- Nexus W2V, a leading developer of waste-to-value infrastructure projects, announced the closing of a
The company plans to roll out cost-competitive waste remediation solutions to communities across North America, beginning in Indiana CHICAGO, Dec. 10, 2024 /PRNewswire/ -- Nexus W2V, a leading developer of waste-to-value infrastructure projects, announced the closing of an anchor $75 million structured equity commitment from Orion Infrastructure Capital ("OIC"). With additional investment from Nexus Holdings, Khasma Capital, Sterling Bank and Ameris Bank, Nexus W2V has issued notice to proceed with the construction of its flagship facility, the Kingsbury Bioenergy Complex in La Porte, Indiana, which will turn source-separated organics into renewable natural gas (RNG).
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 Wholesale Banking at Ameris. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104847537/en/Emily Dawkins (Photo: Business Wire) Dawkins was most recently regional
Ameris Bank has promoted Brian Parks to the newly created role of head of Wholesale Banking, reporting to Ameris Bank President Lawton Bassett. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031869798/en/Brian Parks (Photo: Business Wire) 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 to Orlando to Tampa. He expanded Ameris Bank's presence throughout F
Highlights of Ameris's results for the third quarter of 2024 include the following: Net income of $99.2 million, or $1.44 per diluted share; Adjusted net income(1) of $95.2 million, or $1.38 per diluted share Return on average assets ("ROA") of 1.49%; Adjusted ROA(1) of 1.43% Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 1.99%; Growth in tangible book value(1) of $1.72 per share, or 19.1% annualized, to $37.51 at September 30, 2024 TCE ratio(1) of 10.24%, compared with 9.11% one year ago Completed the sale of a pool of mortgage servicing rights ("MSR") recognizing a gain of $5.2 million and reducing exposure to GNMA nonaccrual loans by $85.4 million Net interest margin
The Ameris Foundation is committing $50,000 to the American Red Cross to support relief efforts from recent hurricanes that have impacted communities across the Southeast. "Both Hurricane Helene and Hurricane Milton have severely impacted many of the communities we serve, and we join with others in helping the American Red Cross to provide immediate relief and recovery assistance," said Michael Pierson, Ameris Bank chief governance officer and executive director of the Ameris Foundation. The American Red Cross will be authorized to use the funds to provide food, shelter and other community rebuilding efforts. "Our hearts go out to everyone affected by these devastating storms, and we than
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. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, October 25, 2024 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2
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ATLANTA, March 18, 2024 /PRNewswire/ -- Ameris Bank is pleased to announce Brady Gailey has joined the bank as Executive Director of Corporate Development, effective today. In this role, Gailey will work closely with executive management to support strategic decisions and will be responsible for investor relations, corporate strategic analysis and financial performance review. "Brady has an extensive background in the banking industry and a history of covering Ameris Bank, which gives him a unique insight into our company," said Ameris Chief Financial Officer Nicole Stokes. "H
ATLANTA, Feb. 7, 2024 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) announced that Claire E. McLean has been appointed a director of the company, effective February 7, 2024. Ms. McLean, 44, currently serves as Chief Operating Officer and Executive Vice President of Preferred Capital Securities, LLC and as President of its affiliate, Preferred Shareholder Services. She previously served as a Managing Director of Ernst & Young LLP, where she spent more than twenty years in public accounting. Ms. McLean has experience in the areas of banking and finance, payments/technology, trust
ATLANTA, Dec. 21, 2023 /PRNewswire/ -- Ameris Bank is pleased to announce Clyde Anderson as director of Community Lending, effective December 18. In this newly created role, Anderson will be responsible for oversight of the bank's commitments to the Community Reinvestment Act (CRA) and the Fair Lending programs. "Clyde Anderson brings an extensive background in community development, government relations and the mortgage business," said Ameris Bank Chief Risk Officer Bill McKendry. "His experience aligns perfectly with our goal of enhancing our community lending solutions that
Ameris Bancorp (NYSE:ABCB) (the "Company") announced today that it intends to release its fourth quarter and full year 2024 financial results in a press release after the market closes on Thursday, January 30, 2025. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, January 31, 2025 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference
The board of directors of Ameris Bancorp (NYSE:ABCB) (the "Company") has declared a dividend of $0.20 per share of the Company's common stock, which represents an increase of $0.05, or 33.3%, per share compared with the previous quarterly dividend of $0.15 per share. The common stock dividend is payable on January 6, 2025, to shareholders of record as of December 31, 2024. About Ameris Bancorp Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and also serves consumer and business customers nationwide through select lending channels. Ameris manages $26.4 billion in assets as of
Highlights of Ameris's results for the third quarter of 2024 include the following: Net income of $99.2 million, or $1.44 per diluted share; Adjusted net income(1) of $95.2 million, or $1.38 per diluted share Return on average assets ("ROA") of 1.49%; Adjusted ROA(1) of 1.43% Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 1.99%; Growth in tangible book value(1) of $1.72 per share, or 19.1% annualized, to $37.51 at September 30, 2024 TCE ratio(1) of 10.24%, compared with 9.11% one year ago Completed the sale of a pool of mortgage servicing rights ("MSR") recognizing a gain of $5.2 million and reducing exposure to GNMA nonaccrual loans by $85.4 million Net interest margin
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. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, October 25, 2024 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2
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. About Ameris Bancorp Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and also serves consumer and business customers nationwide through select lending channels. Ameris manages $26.5 billion in assets as of
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 shareReturn 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 pointsGrowth in tangible book value(1) of $1.27 per share, or 14.8% annualized, to $35.79 at June 30, 2024TCE ratio(1) of 9.72%, compared with 8.80% one year agoNet interest margin of 3.58% for the second quarter of 2024, compared with 3.51% in the prior quarterOrganic growth in loans of $392.3 million, or
ATLANTA, July 2, 2024 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company") announced today that it intends to release its second quarter 2024 financial results in a press release after the market closes on Thursday, July 25, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, July 26, 2024 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939
Highlights of Ameris's results for the first quarter of 2024 include the following: Net income of $74.3 million, or $1.08 per diluted share; Adjusted net income(1) of $75.6 million, or $1.10 per diluted shareReturn on average assets ("ROA") of 1.18%; Adjusted ROA(1) of 1.20%Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 1.89%Growth in tangible book value(1) of $0.88 per share, or 10.5% annualized, to $34.52 at March 31, 2024TCE ratio(1) of 9.71%, compared with 9.64% at December 31, 2023 and 8.55% one year agoNet interest margin of 3.51% for the first quarter of 2024Organic growth in loans of $331.0 million, or 6.5% annualizedGrowth in total deposits of $288.9 million, or 5.6% annualized
ATLANTA, April 3, 2024 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company") announced today that it intends to release its first quarter 2024 financial results in a press release after the market closes on Thursday, April 25, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, April 26, 2024 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2
Highlights of the Company's results for the full year 2023 include the following: Net income of $269.1 million, or $3.89 per diluted shareAdjusted net income(1) of $276.3 million, or $4.00 per diluted shareGrowth in tangible book value(1) of $3.72 per share, or 12.4%, to $33.64 at December 31, 2023Increase in the allowance for credit losses to 1.52% of loans, from 1.04% at December 31, 2022, due to forecasted economic conditions, particularly related to commercial real estate price levelsNonperforming portfolio assets, excluding government-guaranteed loans, as a percentage of total assets improved to 0.33% at December 31, 2023, compared with 0.34% at December 31, 2022Adjusted efficiency rati
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Raymond James upgraded Ameris Bancorp from Mkt Perform to Outperform and set a new price target of $67.00
DA Davidson upgraded Ameris Bancorp from Neutral to Buy and set a new price target of $44.00
Stephens initiated coverage of Ameris Bancorp with a rating of Equal-Weight and set a new price target of $41.00
Piper Sandler resumed coverage of Ameris Bancorp with a rating of Overweight and set a new price target of $62.00
Raymond James downgraded Ameris Bancorp from Outperform to Mkt Perform
Stephens & Co. reiterated coverage of Ameris with a rating of Equal-Weight and set a new price target of $57.00 from $56.00 previously
Raymond James reiterated coverage of Ameris with a rating of Outperform and set a new price target of $57.00 from $55.00 previously
Stephens & Co. downgraded Ameris from Overweight to Equal-Weight and set a new price target of $56.00
Raymond James downgraded Ameris from Strong Buy to Outperform and set a new price target of $60.00 from $46.00 previously
DA Davidson downgraded Ameris from Buy to Neutral
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