Company profile

Ticker
ABCB
Exchange
CEO
H. Palmer Proctor
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Abc Bancorp
SEC CIK
IRS number
581456434

ABCB stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 May 20
15 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 182.77M 194.08M 188.36M 129.03M
Net income 19.32M 61.25M 21.38M 38.9M
Diluted EPS 0.28 0.88 0.31 0.82
Net profit margin 10.57% 31.56% 11.35% 30.15%
Net change in cash 30.31M 142.16M 141.53M -518.85M
Cash on hand 652.16M 621.85M 479.69M 338.16M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 636.39M 413.33M 294.35M 239.07M
Net income 161.44M 121.03M 73.55M 72.1M
Diluted EPS 2.75 2.8 1.98 2.08
Net profit margin 25.37% 29.28% 24.99% 30.16%
Net change in cash -57.68M 348.87M 132.27M -192.18M
Cash on hand 621.85M 679.53M 330.66M 198.39M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
12 Jun 20 William I. Jr. Bowen Common Stock Grant Aquire A No 0 2,496 0 16,867
12 Jun 20 Robert Dale Ezzell Common Stock Grant Aquire A No 0 2,496 0 37,934
12 Jun 20 Hill Leo J Common Stock Grant Aquire A No 0 2,496 0 24,653.033
12 Jun 20 Robert P LYNCH Common Stock Grant Aquire A No 0 2,496 0 202,997
12 Jun 20 McCague Elizabeth A Common Stock Grant Aquire A No 0 2,496 0 12,628
83.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 192 233 -17.6%
Opened positions 17 42 -59.5%
Closed positions 58 30 +93.3%
Increased positions 69 82 -15.9%
Reduced positions 70 69 +1.4%
13F shares
Current Prev Q Change
Total value 1.38B 2.5B -44.7%
Total shares 57.66M 58.73M -1.8%
Total puts 202.3K 71.5K +182.9%
Total calls 171.9K 432.7K -60.3%
Total put/call ratio 1.2 0.2 +612.2%
Largest owners
Shares Value Change
BLK BlackRock 9.52M $226.14M -3.0%
Vanguard 7M $166.4M +2.2%
Dimensional Fund Advisors 3.15M $74.88M +1.1%
STT State Street 2.55M $60.98M +4.1%
Wellington Management 2.36M $56.19M -4.8%
FRLG Goldman Sachs 2.22M $52.87M +45.1%
Jennison Associates 1.61M $38.18M +11.9%
FJ Capital Management 1.42M $33.71M +67.1%
AMP Ameriprise Financial 1.21M $28.64M +5.1%
Polaris Capital Management 1.12M $26.61M +1.1%
Largest transactions
Shares Bought/sold Change
FRLG Goldman Sachs 2.22M +691.11K +45.1%
FJ Capital Management 1.42M +570K +67.1%
Norges Bank 0 -552.92K EXIT
Victory Capital Management 488.8K +471.62K +2745.5%
Philadelphia Financial Management of San Francisco 410.54K +410.54K NEW
EJF Capital 0 -365.14K EXIT
IVZ Invesco 480.45K +346.47K +258.6%
Emerald Advisers 0 -314.36K EXIT
RMB Capital Management 86.34K -312.11K -78.3%
Emerald Mutual Fund Advisers Trust 0 -300.1K EXIT

Financial report summary

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Management Discussion
  • Net interest income represents the amount by which interest income on interest-earning assets exceeds interest expense incurred on interest-bearing liabilities. Net interest income is the largest component of our income and is affected by the interest rate environment and the volume and composition of interest-earning assets and interest-bearing liabilities. Our interest-earning assets include loans, investment securities, other investments, interest-bearing deposits in banks, federal funds sold and time deposits in other banks. Our interest-bearing liabilities include deposits, securities sold under agreements to repurchase, other borrowings and subordinated deferrable interest debentures.
  • 2019 compared with 2018. For the year ended December 31, 2019, interest income was $636.4 million, an increase of $223.1 million, or 54.0%, compared with the same period in 2018. Average earning assets increased $4.27 billion, or 48.2%, to $13.13 billion for the year ended December 31, 2019, compared with $8.86 billion for 2018. Yield on average earning assets on a taxable equivalent basis increased during 2019 to 4.88%, compared with 4.71% for the year ended December 31, 2018. Average yields on all interest-earning asset categories increased from 2018 to 2019 with the exception of loans held for sale, which experienced a decrease from 4.07% in 2018 to 3.75% in 2019.
  • Interest expense on deposits and other borrowings for the year ended December 31, 2019 was $131.2 million, an increase of $61.3 million, or 87.6%, compared with $69.9 million for the year ended December 31, 2018. During 2019 average interest-bearing liabilities were $9.13 billion as compared with $6.34 billion for 2018, an increase of $2.80 billion, or 44.1%. During 2019, average noninterest-bearing deposit accounts averaged $3.36 billion and comprised 28.8% of average total deposits, compared with $2.16 billion, or 27.5% of average total deposits, during 2018. Average balances of time deposits amounted to $2.70 billion and comprised 23.0% of average total deposits during 2019, compared with $1.67 billion, or 21.2% of average total deposits, during 2018.
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