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ABCB Ameris Bancorp

Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance. The Banking segment offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage segment includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending segment includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA segment comprises of origination, sales, and servicing of small business administration loans. The Premium Finance segment comprises origination and servicing of commercial insurance premium finance loans. The company was founded on December 18, 1980 and is headquartered in Moultrie, GA.

Company profile

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

ABCB stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

26 Feb 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
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Net income
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Mar 21 William D McKendry Common Stock Payment of exercise Dispose F No No 54.15 785 42.51K 24,335
24 Mar 21 Nicole S Stokes Common Stock Payment of exercise Dispose F No No 54.15 585 31.68K 22,829
24 Mar 21 Proctor H Palmer JR Common Stock Payment of exercise Dispose F No No 54.15 2,629 142.36K 225,936.344
24 Mar 21 Ronal Todd Shutley Common Stock Payment of exercise Dispose F No No 54.15 485 26.26K 8,649
24 Mar 21 Edwards Jon S Common Stock Payment of exercise Dispose F No No 54.15 585 31.68K 56,396.638

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

84.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 228 185 +23.2%
Opened positions 58 18 +222.2%
Closed positions 15 32 -53.1%
Increased positions 84 66 +27.3%
Reduced positions 56 56
13F shares
Current Prev Q Change
Total value 2.22B 1.28B +73.5%
Total shares 58.36M 56.19M +3.9%
Total puts 16.7K 58.4K -71.4%
Total calls 167.4K 216.2K -22.6%
Total put/call ratio 0.1 0.3 -63.1%
Largest owners
Shares Value Change
BLK Blackrock 10.24M $389.82M +1.7%
Vanguard 6.92M $263.29M +1.9%
Dimensional Fund Advisors 3.07M $116.85M +0.1%
STT State Street 2.68M $102.44M +5.1%
GS Goldman Sachs 2.09M $79.64M -2.8%
FJ Capital Management 1.52M $57.89M -0.7%
GW&K Investment Management 1.41M $53.5M +24.9%
Wellington Management 1.33M $50.63M -17.1%
Polaris Capital Management 1.25M $47.5M -2.1%
AMP Ameriprise Financial 1.24M $47.21M +0.5%
Largest transactions
Shares Bought/sold Change
JHG Janus Henderson 1.02M +1.02M NEW
Norges Bank 786.4K +786.4K NEW
Jennison Associates 879.03K -490.88K -35.8%
NWQ Investment Management 0 -403.82K EXIT
Nuveen Asset Management 735.16K +384.88K +109.9%
Basswood Capital Management, L.L.C. 81.69K -384.54K -82.5%
Ceredex Value Advisors 334.44K +334.44K NEW
Hillcrest Asset Management 301.65K +301.65K NEW
GW&K Investment Management 1.41M +279.99K +24.9%
Wellington Management 1.33M -275.11K -17.1%

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.
  • 2020 compared with 2019. For the year ended December 31, 2020, interest income was $726.5 million, an increase of $90.1 million, or 14.2%, compared with the same period in 2019. Average earning assets increased $4.24 billion, or 32.3%, to $17.37 billion for the year ended December 31, 2020, compared with $13.13 billion for 2019. Yield on average earning assets on a taxable equivalent basis decreased during 2020 to 4.21%, compared with 4.88% for the year ended December 31, 2019. Average yields on all interest-earning asset categories decreased from 2019 to 2020 as market interest rates declined.
  • Interest expense on deposits and other borrowings for the year ended December 31, 2020 was $88.8 million, a decrease of $42.5 million, or 32.4%, compared with $131.2 million for the year ended December 31, 2019. During 2020 average interest-bearing liabilities were $11.25 billion as compared with $9.13 billion for 2019, an increase of $2.12 billion, or 23.2%. During 2020, average noninterest-bearing deposit accounts were $5.23 billion and comprised 34.4% of average total deposits, compared with $3.36 billion, or 28.8% of average total deposits, during 2019. Average balances of time deposits amounted to $2.39 billion and comprised 15.7% of average total deposits during 2020, compared with $2.70 billion, or 23.0% of average total deposits, during 2019.
Content analysis
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