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 |
|---|---|---|---|
| 4/4/2025 | $74.00 | Overweight | Piper Sandler |
| 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. |
Grants made available by Federal Home Loan Bank of Atlanta Ameris Bank, a member of Federal Home Loan Bank of Atlanta (FHLBank Atlanta), is distributing more than $1,142,000 in grants among three organizations to support work that addresses challenges of heirs' property: $450,000 to Local Initiatives Support Corporation (LISC) Jacksonville (Florida) $442,404 to Legal Services of North Florida $250,000 to Invest Atlanta (Georgia) The grants are made available from FHLBank Atlanta's 2024 Heirs' Property Family Wealth Protection Fund. FHLBank Atlanta is awarding a total of $5.9 million through member banks in its district to 21 organizations actively addressing heirs' property issues.
Highlights of Ameris's results for the first quarter of 2025 include the following: Net income of $87.9 million, or $1.27 per diluted share Return on average assets ("ROA") of 1.36% Tangible book value(1) growth of $1.19 per share, or 12.5% annualized, to $39.78 at March 31, 2025 TCE ratio(1) of 10.78%, compared with 9.71% one year ago Net interest margin (TE) expansion of 9bps to 3.73% for the first quarter of 2025 Continued growth in noninterest bearing deposits, now representing 30.8% of total deposits Efficiency ratio of 52.83% Increase in the allowance for credit losses to 1.67% of loans, from 1.63% at December 31, 2024 Annualized net charge-offs of 0.18% of average t
Ameris Bancorp (NYSE:ABCB) (the "Company") announced today that it intends to release its first quarter 2025 financial results in a press release after the market closes on Monday, April 28, 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 Tuesday, April 29, 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 call until May 6, 202
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, payable on April 7, 2025, to shareholders of record as of March 31, 2025. 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 $26.3 billion in assets as of December 31, 2024, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgag
Ameris Bank has promoted Merri Ellen Wadsworth to controller, reporting to Chief Financial Officer Nicole Stokes. Wadsworth had been executive vice president and managing director of Enterprise Operations for the company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250311277128/en/Merri Ellen Wadsworth (Photo: Business Wire) "Merri Ellen Wadsworth is a proven leader in Finance," said Stokes. "She joined Ameris in 2020 as director of Finance and Accounting and successfully led financial planning and budgeting processes for the bank. She redesigned the Accounting and Finance organizational structure and built a team of accountan
Ameris Bank is donating $1.694 million through the Georgia HEART Hospital Program to 17 rural hospitals across the state in 2025. This marks the eighth consecutive year that Ameris has participated in the state income tax credit program, contributing a total of $14.6 million. "Many hospitals depend on donations to augment their funding for facilities, training and daily operations," said Ameris Bank CEO Palmer Proctor. "This program directly aligns with our purpose as a company to bring financial peace of mind to communities, one person at a time. We applaud the state for this innovative program that enables hospitals to apply the donations in areas that ultimately strengthen the care give
Ameris Bank is contributing $2 million to the Florida Housing Finance Corporation for the Live Local Program which provides low-interest loans for the development of quality affordable housing in the state. "The need for affordable housing is great, and Ameris is pleased to participate in the Live Local Program to benefit workers who want to live close to their jobs, as well as elders and low-income families who are facing particular strain from the tight housing supply," said Ameris Bank CEO Palmer Proctor. The State Apartment Incentive Loan Program (SAIL) administers the program, which allows taxpayers to receive a dollar-for-dollar credit against the Florida corporate income tax or Flo
Highlights of Ameris's results for the fourth quarter of 2024 include the following: Net income of $94.4 million, or $1.37 per diluted share; Adjusted net income(1) of $95.1 million, or $1.38 per diluted share Total revenue growth of 9.8% annualized Increase in net interest income (TE) of $7.7 million, to $222.8 million Positive operating leverage with efficiency ratio of 52.26% and adjusted efficiency ratio (TE)(1) of 51.82% Return on average assets ("ROA") of 1.42%; adjusted ROA(1) of 1.43% Tangible book value(1) growth of $1.08 per share, or 11.5% annualized, to $38.59 at December 31, 2024 Net interest margin (TE) expansion of 13bps to 3.64% for the fourth quarter
Ameris Bank is announcing several recent new hires and appointments among its Commercial Banking team in high growth Southeast markets. Tampa: John Krusoe has joined Ameris as the new Tampa market president, reporting to Ameris Florida State President Emily Dawkins. Krusoe brings a wealth of senior leadership experience in corporate banking, capital markets and strategic planning and has provided advisory services to a range of financial, health care and commercial real estate companies. Previously, he held leadership and commercial banking roles at Mutual of Omaha Bank, BBVA Compass, RBC Bank, Spartacus Financial Advisors and AG Resource Management. Orlando: Andrew Hebert was hired
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
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Highlights of Ameris's results for the first quarter of 2025 include the following: Net income of $87.9 million, or $1.27 per diluted share Return on average assets ("ROA") of 1.36% Tangible book value(1) growth of $1.19 per share, or 12.5% annualized, to $39.78 at March 31, 2025 TCE ratio(1) of 10.78%, compared with 9.71% one year ago Net interest margin (TE) expansion of 9bps to 3.73% for the first quarter of 2025 Continued growth in noninterest bearing deposits, now representing 30.8% of total deposits Efficiency ratio of 52.83% Increase in the allowance for credit losses to 1.67% of loans, from 1.63% at December 31, 2024 Annualized net charge-offs of 0.18% of average t
Ameris Bancorp (NYSE:ABCB) (the "Company") announced today that it intends to release its first quarter 2025 financial results in a press release after the market closes on Monday, April 28, 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 Tuesday, April 29, 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 call until May 6, 202
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, payable on April 7, 2025, to shareholders of record as of March 31, 2025. 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 $26.3 billion in assets as of December 31, 2024, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgag
Highlights of Ameris's results for the fourth quarter of 2024 include the following: Net income of $94.4 million, or $1.37 per diluted share; Adjusted net income(1) of $95.1 million, or $1.38 per diluted share Total revenue growth of 9.8% annualized Increase in net interest income (TE) of $7.7 million, to $222.8 million Positive operating leverage with efficiency ratio of 52.26% and adjusted efficiency ratio (TE)(1) of 51.82% Return on average assets ("ROA") of 1.42%; adjusted ROA(1) of 1.43% Tangible book value(1) growth of $1.08 per share, or 11.5% annualized, to $38.59 at December 31, 2024 Net interest margin (TE) expansion of 13bps to 3.64% for the fourth quarter
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
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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
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Piper Sandler resumed coverage of Ameris Bancorp with a rating of Overweight and set a new price target of $74.00
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