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ABCB Ameris Bancorp

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

ABCB stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 21
30 Jul 21
31 Dec 21
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

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Jun 21 Jeter Daniel B Common Stock Grant Aquire A No No 0 1,203 0 37,137.761
10 Jun 21 William I. Jr. Bowen Common Stock Grant Aquire A No No 0 1,203 0 18,192.229
10 Jun 21 Stern William H Common Stock Grant Aquire A No No 0 1,203 0 30,749.657
10 Jun 21 Robert P LYNCH Common Stock Grant Aquire A No No 0 1,203 0 204,281.486
10 Jun 21 Hill Leo J Common Stock Grant Aquire A No No 0 1,203 0 25,856.033

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%

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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