Ameris Bancorp (ABCB)
| Market Cap | 4.32B |
| Revenue (ttm) | 1.05B |
| Net Income (ttm) | 330.24M |
| Shares Out | 68.81M |
| EPS (ttm) | 4.78 |
| PE Ratio | 13.14 |
| Forward PE | 12.80 |
| Dividend | $0.60 (0.96%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 402,835 |
| Open | 61.37 |
| Previous Close | 61.95 |
| Day's Range | 61.37 - 63.40 |
| 52-Week Range | 44.00 - 74.56 |
| Beta | 1.05 |
| Analysts | Buy |
| Price Target | 66.83 (+6.4%) |
| Earnings Date | Jan 23, 2025 |
About ABCB
Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and co... [Read more]
Financial Performance
In 2023, Ameris Bancorp's revenue was $937.12 million, a decrease of -5.53% compared to the previous year's $991.97 million. Earnings were $269.11 million, a decrease of -22.35%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for ABCB stock is "Buy." The 12-month stock price forecast is $66.83, which is an increase of 6.40% from the latest price.
News
Ameris Bancorp Announces Increase in Quarterly Dividend
ATLANTA--(BUSINESS WIRE)--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 o...
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 deve...
Emily Dawkins Named as Florida President of Ameris Bank
ATLANTA--(BUSINESS WIRE)--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 develop...
Ameris Bank Names Brian Parks Head of Wholesale Banking
ATLANTA--(BUSINESS WIRE)--Ameris Bank has promoted Brian Parks to the newly created role of head of Wholesale Banking, reporting to Ameris Bank President Lawton Bassett. Parks will be based in Atlanta...
Ameris Bancorp (ABCB) Q3 2024 Earnings Call Transcript
Ameris Bancorp (NYSE:ABCB) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Nicole Stokes - CFO Palmer Proctor - CEO Doug Strange - CCO Conference Call Participants W...
Ameris Bancorp Announces Financial Results for Third Quarter 2024
ATLANTA--(BUSINESS WIRE)--Ameris Bancorp (NYSE: ABCB) (the “Company”) today reported net income of $99.2 million, or $1.44 per diluted share, for the quarter ended September 30, 2024, compared with $8...
AMERIS BANCORP TO ANNOUNCE THIRD QUARTER 2024 EARNINGS ON OCTOBER 24, 2024
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 mark...
AMERIS BANCORP ANNOUNCES QUARTERLY DIVIDEND
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 Octo...
Ameris Bank CISO Jorge Perez Named Among Top Hispanic Professionals in Technology
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 h...
Ameris Bank Expands Commercial Industry Expertise with Key Hires
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, relatio...
Ameris Bancorp: Strong Earnings, But Keeping An Eye On The Loan Book
Ameris Bancorp reported an increase in net interest income in Q2. The bank recorded a net profit of $90.8M in Q2, with a payout ratio of less than 13% based on H1 earnings. Ameris Bancorp has good liq...
Ameris Bank Hires Jorge Perez as Corporate Information Security Officer
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 p...
Congressman Buddy Carter sells up to $1 million in Ameris Bancorp stock before earnings report: What's behind the move?
Congressman Buddy Carter sold a milion dollars worth of Ameris Bancorp stock just before earnings. The bank is headquartered in the same state that he represents.
Ameris Bancorp (ABCB) Q2 2024 Earnings Call Transcript
Ameris Bancorp (NYSE:ABCB) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Doug Strange...
AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2024
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 dilu...
AMERIS BANCORP ANNOUNCES TRANSFER OF LISTING OF COMMON STOCK TO THE NEW YORK STOCK EXCHANGE
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...
Three Ameris Bankers Named Among Top Hispanic Mortgage Originators
ATLANTA , July 3, 2024 /PRNewswire/ -- The National Association of Hispanic Real Estate Professionals named three Ameris Bank mortgage originators to the 2024 Top 250 Mortgage Originators List. The As...
AMERIS BANCORP TO ANNOUCE SECOND QUARTER 2024 EARNINGS ON JULY 25, 2024
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 m...
Ameris Bank Donates Record $2.23 million to Support 40 Rural Georgia Hospitals
ATLANTA , June 12, 2024 /PRNewswire/ -- Ameris Bank is donating $2.23 million to 40 rural hospitals in Georgia, as part of the Georgia HEART Hospital Program in 2024. Ameris has been participating in ...
Regional banks can 'earn their way out of risk' from commercial real estate: Janney's Chris Marinac
Chris Marinac, director of equity research at Janney Montgomery Scott, joins CNBC's 'The Exchange' to discuss why he disagrees with Moody's downgrade of some regional banks, how investors can position...
Ameris Bank Ranked Top 10 Mortgage Provider
ATLANTA , May 31, 2024 /PRNewswire/ -- Ameris Bank ranked among the Top 10 banks in the U.S. for the largest retail mortgage volume in the first quarter of this year, according to data reported by Nat...
Ameris Bank Names Volunteer of the Year Winners
ATLANTA , May 22, 2024 /PRNewswire/ -- Ameris Bank recently honored four members of the company for their extraordinary commitment to community service. "We encourage all teammates to give back to the...
Ameris Bancorp (ABCB) Q1 2024 Earnings Call Transcript
Ameris Bancorp (NASDAQ:ABCB) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Doug Stra...
AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2024
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 dilut...
AMERIS BANCORP TO ANNOUCE FIRST QUARTER 2024 EARNINGS ON APRIL 25, 2024
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 m...