ABCB Ameris Bancorp Dashboard

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. The Company's banking subsidiary, Ameris Bank, had 164 locations in Georgia, Florida, South Carolina and Alabama at the end of the most recent quarter.

Company profile

Ticker

ABCB

Exchange

NASDAQ

Website

www.amerisbank.com

CEO

H. Palmer Proctor

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Fifth Third Bancorp • Northern Trust • M & T Bank • Popular • Ally Financial • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

Former names

ABC BANCORP

SEC CIK

0000351569

Corporate docs

Articles of Incorporation & Bylaws

IRS number

581456434

ABCB stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

3 Stocks Insiders Are Buying

28 Jul 21

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Ameris: Q2 Earnings Insights

22 Jul 21

Shares of Ameris (NASDAQ:ABCB) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 104.92% over the past year to $1.25, which beat the estimate of $1.18.

Ameris Bancorp Q2 Adj. EPS $1.25 Beats $1.18 Estimate

22 Jul 21

Ameris Bancorp (NASDAQ:ABCB) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.18 by 5.93 percent. This is a 104.92 percent increase over earnings of $0.61 per share from the

Earnings Scheduled For July 22, 2021

22 Jul 21

Stocks That Hit 52-Week Highs On Monday

24 May 21

Press releases

Pro users get this 30m faster

Ameris Bancorp Announces Financial Results For Second Quarter 2021

22 Jul 21

ATLANTA, July 22, 2021 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company") today reported net income of $88.3 million, or $1.27 per diluted share, for the quarter ended June 30, 2021, compared with $32.2

Ameris Bancorp Announces Date Of Second Quarter 2021 Earnings Release And Conference Call

7 Jul 21

ATLANTA, Ga., July 7, 2021 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company") announced today that it intends to release its second quarter 2021 financial results in a press release after the market

Ameris Bank Releases Inaugural Corporate Social Responsibility Report

13 May 21

ATLANTA, May 13, 2021 /PRNewswire/ -- Ameris Bank released today its inaugural Corporate Social Responsibility Report for the year 2020, highlighting continued progress toward investing in people, building better

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

7 May 21

30 Jul 21

31 Dec 21

Financial summary

Financial statements Chart ABCB financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.76B	2.76B	2.76B	2.76B	2.76B	2.76B
Cash burn (monthly)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	154.87M	(positive/no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	619.31M	n/a
Cash remaining	n/a	n/a	n/a	n/a	2.14B	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	13.8	n/a

Beta Read what these cash burn values mean

Recent insider trades

ABCB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
10 Jun 21	Jeter Daniel B	Common Stock	Grant	Aquire A	No	No	1,203	37,137.761
10 Jun 21	William I. Jr. Bowen	Common Stock	Grant	Aquire A	No	No	1,203	18,192.229
10 Jun 21	Stern William H	Common Stock	Grant	Aquire A	No	No	1,203	30,749.657
10 Jun 21	Robert P LYNCH	Common Stock	Grant	Aquire A	No	No	1,203	204,281.486
10 Jun 21	Hill Leo J	Common Stock	Grant	Aquire A	No	No	1,203	25,856.033

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

ABCB institutional ownership history Ownership history

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

85.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	253	229	+10.5%
Opened positions	50	59	-15.3%
Closed positions	26	15	+73.3%
Increased positions	83	84	-1.2%
Reduced positions	85	56	+51.8%

13F shares	Current	Prev Q	Change
Total value	3.13B	2.23B	+40.2%
Total shares	59.45M	58.55M	+1.5%
Total puts	64.3K	16.7K	+285.0%
Total calls	94.1K	167.4K	-43.8%
Total put/call ratio	0.7	0.1	+585.0%

Largest owners	Shares	Value	Change
BLK Blackrock	10.28M	$539.88M	+0.4%
Vanguard	7.16M	$375.73M	+3.5%
STT State Street	3.54M	$186.49M	+32.1%
Dimensional Fund Advisors	3.09M	$162.18M	+0.6%
GS Goldman Sachs	1.87M	$98.01M	-10.8%
Wellington Management	1.8M	$94.75M	+35.7%
JHG Janus Henderson	1.69M	$88.92M	+65.2%
GW&K Investment Management	1.36M	$71.49M	-3.1%
American Century Companies	1.36M	$71.34M	+20.6%
AMP Ameriprise Financial	1.35M	$70.73M	+8.6%

Largest transactions	Shares	Bought/sold	Change
FJ Capital Management	587.5K	-933.5K	-61.4%
STT State Street	3.54M	+861.31K	+32.1%
Norges Bank	0	-786.4K	EXIT
JHG Janus Henderson	1.69M	+668.31K	+65.2%
FMR	914.33K	+658.02K	+256.7%
STRS Ohio	3.3K	-530.75K	-99.4%
Loomis Sayles & Co L P	1.16M	+527.96K	+83.0%
Nuveen Asset Management	1.19M	+477.48K	+67.0%
Wellington Management	1.8M	+474.58K	+35.7%
Boston Partners	390.28K	+345.51K	+771.9%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Bad

New words: advice, alternative, Attorney, baseline, CEBV, Commission, contributor, cooperated, disciplined, discretionary, District, enforcement, fiscal, found, fully, grand, immaterial, Interbank, jury, largest, letter, LLC, London, monetary, Moody, North, Northern, outcome, recommend, release, resurgence, revolving, runoff, subpoena, tailor, terrorism, vaccine, war, widely, worse

Removed: accept, accretable, accreted, acquiree, adherence, advancing, adversely, Aid, Amendment, application, appointment, April, area, arrangement, assessed, assignment, assumed, assured, auto, Basel, began, beginning, benchmark, benchmarking, boat, branch, brought, calculate, California, cancel, cancelable, capable, CCA, clearing, closing, Cloud, Code, collectively, communicate, communicated, comparing, complement, complicated, comply, Computing, consistent, consummation, converting, crop, cumulative, curtailment, declined, deducted, deductible, default, deferrable, define, department, depreciating, detected, determining, developing, direct, disaggregated, distribution, domestic, driver, Durbin, effectively, EL, elevated, elimination, encouraged, encouraging, entity, essential, exceed, exclusive, existed, expanded, expansion, expensed, experienced, external, factor, fed, Fidelity, financed, floating, forma, fraud, function, GDBF, GDP, governmental, grow, high, historic, honor, hosting, identifiable, impairing, implemented, implementing, imposed, increasing, indeterminable, individually, inform, instrument, insured, integration, intent, interaction, interface, investee, investor, issuance, Jacksonville, July, junior, lapse, largely, lease, ledger, lender, LGD, lieu, lifetime, likelihood, machinery, measuring, meeting, merged, metropolitan, mirror, misstatement, mobile, modify, modifying, multiple, multiplying, municipality, nationally, noncredit, nonperformance, notional, NPV, occupied, occurring, Online, operate, operational, originator, Orlando, outbreak, paid, participated, pay, PCD, PCI, PD, peer, performed, personnel, pertaining, platform, predicted, preliminary, prepaid, presence, prevent, prevented, principally, principle, pro, prospective, prudently, publicly, published, quantitative, rapidly, rational, realization, recently, recession, reclassified, reconciling, recording, recovered, recreational, redemption, reduce, reducing, refinement, regression, relation, reliable, remain, remediated, remediation, remotely, removed, renewed, rented, reopen, replace, reputable, research, researched, retrospectively, reversal, revised, sanitizing, secondary, separable, settled, showed, Similarly, simplify, size, Southeast, Southern, space, spaced, specifically, speed, stage, static, storage, stream, subsided, substantial, successful, suitable, supervisory, surviving, suspend, Tallahassee, TDR, temporary, test, tested, training, transferred, transitioned, treasury, unadjusted, unaffiliated, unamortized, unconditionally, unit, unrelated, unsecured, updated, utilize, utilizing, vacancy, vehicle, Washington, work, workforce

From filing 10-Q 2021 Q1