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. |
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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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
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
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. Every year, HITEC recognizes the achievements and contributions of the top U.S.-based Hispanic technology executives with the goal of celebrating their impactful leadership and inspiring others looking to build careers in technology. HITEC's vision is to accelerate the power and impact of Hispani
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. Based in Metro Atlanta, Kilburg brings more than 25 years' experience in the financial services industry. He spent the last 20 years in commercial banking with BB&T (now Truist), in roles of increasing responsibility ranging from senior relationship manager, market president, regi
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. "His breadth of background in corporate technology, combined with direct experience in the financial services industry, makes him the perfect choice for the CISO position at Ameris." Perez most recently served as
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 12, 2024 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company" or "Ameris") announced today that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Stock Market LLC ("Nasdaq"). Ameris's common stock is expected to begin trading on the NYSE on Tuesday, July 23, 2024, and will continue to be traded under its current ticker symbol "ABCB" after the transfer. Ameris's common stock is expected to continue to trade on Nasdaq until the close of the market on Monday, July 22, 2024. To commemorate the event, mem
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
ATLANTA, Jan. 4, 2024 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company") announced today that it intends to release its fourth quarter and full year 2023 financial results in a press release after the market closes on Thursday, January 25, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Jon S. Edwards, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, January 26, 2024 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by diali
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. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Jon S. Edwards, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, October 27, 2023 to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-877-317-6
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
Ameris Bancorp (NASDAQ:ABCB) (the "Company" or "Ameris") announced today that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Stock Market LLC ("Nasdaq").
Piper Sandler analyst Casey Orr Whitman maintains Ameris (NASDAQ:ABCB) with a Overweight and raises the price target from $55 to $57.
Stephens & Co. analyst Russell Gunther reiterates Ameris (NASDAQ:ABCB) with a Equal-Weight and maintains $53 price target.
Ameris (NASDAQ:ABCB) reported quarterly earnings of $1.10 per share which beat the analyst consensus estimate of $1.04 by 5.77 percent. This is a 27.91 percent increase over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $267.266 million which beat the analyst consensus estimate of $258.046 million by 3.57 percent. This is a 0.16 percent decrease over sales of $267.702 million the same period last year.
Truist Securities analyst Brandon King maintains Ameris (NASDAQ:ABCB) with a Buy and lowers the price target from $60 to $54.
Stephens & Co. analyst Russell Gunther reiterates Ameris (NASDAQ:ABCB) with a Equal-Weight and maintains $53 price target.
Ameris (NASDAQ:ABCB) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:14 PM. Here's what investors need to know about the announcement. Earnings Ameris missed estimated earnings by 2.73%, reporting an EPS of $1.07 versus an estimate of $1.1. Revenue was down $10.14 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.04 which was followed by a 0.66% drop in the share price the next day. Here's a look at Ameris's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 1.12 1.13 1.18 1.34 EPS Actual 1.16 0.91 0.86 1.17 Revenue Estimate 273.49M 257.95M 265.14M 281.12M Revenue Actual 270.93M 2