Ameris Bancorp (ABCB)

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 • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

Former names

ABC BANCORP

SEC CIK

0000351569

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Balboa Capital Corporation • BCC Funding IX LLC • BCC Funding XIV LLC • BCC Funding XV LLC • BCC Funding XVI LLC • BCC Funding XVII LLC • BCC Funding XVIII LLC • Ameris Bank Mortgage Securities LLC • Prosperity Land Holdings, LLC • East Arlington, Inc. ...

IRS number

581456434

ABCB stock data

1M 1Y 5Y

News

From Benzinga Pro

Ameris Bancorp Q2 EPS $1.30 Beats $1.19 Estimate

26 Jul 22

Ameris Bancorp (NASDAQ:ABCB) reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.19 by 9.24 percent. This is a 4 percent increase over earnings of $1.25 per share from the same

Earnings Scheduled For July 26, 2022

26 Jul 22

Companies Reporting Before The Bell • General Motors (NYSE:GM) is likely to report quarterly earnings at $1.30 per share on revenue of $34.59 billion.

Preview: Ameris Bancorp's Earnings

25 Jul 22

Ameris Bancorp (NASDAQ:ABCB) is set to give its latest quarterly earnings report on Tuesday, 2022-07-26. Here's what investors need to know before the announcement. Analysts estimate that Ameris Bancorp will report an earnings per share (EPS) of $1.19.

Nasdaq (NDAQ) To Report Q2 Earnings: What's In The Cards?

15 Jul 22

Stocks That Hit 52-Week Lows On Thursday

14 Jul 22

Press releases

From Benzinga Pro

Ameris Bank Commits $10 Million To Support Eligible First-Time Homebuyers

16 Aug 22

ATLANTA, Aug. 16, 2022 /PRNewswire/ -- Ameris Bank today announced the Ameris Down Payment Grant Program, committing $10 million in grants over the next three years to eligible first-time homebuyers for down payment and

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2022

26 Jul 22

Highlights of the Company's results for the second quarter of 2022 include the following: Net income of $90.1 million, or $1.30 per diluted shareGrowth in tangible book value of $1.05 per share, or 15.7% annualized,

AMERIS BANCORP ANNOUNCES DATE OF SECOND QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

1 Jul 22

ATLANTA, July 1, 2022 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company") announced today that it intends to release its second quarter 2022 financial results in a press release after the market closes

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart ABCB financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.31B	2.31B	2.31B	2.31B	2.31B	2.31B
Cash burn (monthly)	497.21M	83.14M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	780.65M	130.54M	n/a	n/a	n/a	n/a
Cash remaining	1.53B	2.18B	n/a	n/a	n/a	n/a
Runway (months of cash)	3.1	26.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

ABCB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
9 Jun 22	Choate William Millard	Common Stock	Grant	Acquire A	No	No	1,723	217,791.187
9 Jun 22	Bullard Rodney D	Common Stock	Grant	Acquire A	No	No	1,723	9,813.135
9 Jun 22	William I. Jr. Bowen	Common Stock	Grant	Acquire A	No	No	1,723	20,747.656
9 Jun 22	Robert Dale Ezzell	Common Stock	Grant	Acquire A	No	No	1,723	31,114.316
9 Jun 22	Hill Leo J	Common Stock	Grant	Acquire A	No	No	1,723	14,982.033

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

Institutional ownership, Q1 2022

ABCB institutional ownership history Ownership history

86.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	239	253	-5.5%
Opened positions	28	39	-28.2%
Closed positions	42	31	+35.5%
Increased positions	79	70	+12.9%
Reduced positions	85	99	-14.1%

13F shares	Current	Prev Q	Change
Total value	2.65B	3.05B	-13.2%
Total shares	60.2M	61.32M	-1.8%
Total puts	24.1K	0	NEW
Total calls	50.2K	50.1K	+0.2%
Total put/call ratio	0.5	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	10.21M	$448.17M	-0.4%
Vanguard	7.15M	$313.6M	-0.3%
Wellington Management	5.2M	$228.24M	+7.4%
STT State Street	3.9M	$171.62M	+14.3%
Dimensional Fund Advisors	3.16M	$138.7M	+5.4%
American Century Companies	2.16M	$94.6M	+22.5%
JHG Janus Henderson	1.93M	$84.89M	-1.8%
PFG Principal Financial Group Inc - Registered Shares	1.79M	$78.61M	+2.6%
AMP Ameriprise Financial	1.43M	$62.68M	+14.9%
GW&K Investment Management	1.33M	$58.46M	-0.9%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-627.01K	EXIT
STT State Street	3.9M	+488.49K	+14.3%
FMR	509.66K	-410.71K	-44.6%
American Century Companies	2.16M	+396.05K	+22.5%
TROW T. Rowe Price	48.03K	-373.29K	-88.6%
Wellington Management	5.2M	+358.78K	+7.4%
Kennedy Capital Management	0	-320.08K	EXIT
Fort Washington Investment Advisors	0	-309.32K	EXIT
Hillcrest Asset Management	0	-211.89K	EXIT
Stieven Capital Advisors	0	-205.71K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. 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.
2021 compared with 2020. For the year ended December 31, 2021, interest income was $703.1 million, a decrease of $23.4 million, or 3.2%, compared with the same period in 2020. Average earning assets increased $2.52 billion, or 14.5%, to $19.89 billion for the year ended December 31, 2021, compared with $17.37 billion for 2020. Yield on average earning assets on a taxable equivalent basis decreased during 2021 to 3.56%, compared with 4.21% for the year ended December 31, 2020. Average yields on all interest-earning asset categories except investment securities decreased from 2020 to 2021 as market interest rates declined.
Interest expense on deposits and other borrowings for the year ended December 31, 2021 was $47.8 million, a decrease of $41.0 million, or 46.2%, compared with $88.8 million for the year ended December 31, 2020. During 2021 average interest-bearing liabilities were $11.77 billion as compared with $11.25 billion for 2020, an increase of $520.4 million, or 4.6%. During 2021, average noninterest-bearing deposit accounts were $7.02 billion and comprised 38.5% of average total deposits, compared with $5.23 billion, or 34.4% of average total deposits, during 2020. Average balances of time deposits amounted to $1.95 billion and comprised 10.7% of average total deposits during 2021, compared with $2.39 billion, or 15.7% of average total deposits, during 2020.