ABCB Ameris Bancorp Dashboard

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

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

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

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

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Recap: Ameris Q1 Earnings

22 Apr 21

Shares of Ameris (NASDAQ:ABCB) decreased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 196.43% year over year to $1.66, which beat the estimate of $1.15.

Ameris Bancorp Q1 EPS $1.66 Beats $1.15 Estimate, Sales $224.16M Miss $260.93M Estimate

22 Apr 21

Ameris Bancorp (NASDAQ:ABCB) reported quarterly earnings of $1.66 per share which beat the analyst consensus estimate of $1.15 by 44.35 percent. This is a 196.43 percent increase over earnings of $0.56 per share from the

Earnings Scheduled For April 22, 2021

22 Apr 21

Companies Reporting Before The Bell • Republic First Bancorp (NASDAQ:FRBK) is estimated to report quarterly earnings at $0.05 per share on revenue of $36.85 million.

Benzinga's Top Ratings Upgrades, Downgrades For April 7, 2021

7 Apr 21

Raymond James Downgrades Ameris to Outperform, Raises Price Target to $60

7 Apr 21

Press releases

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Ameris Bancorp Announces Financial Results For First Quarter 2021

22 Apr 21

ATLANTA, April 22, 2021 /PRNewswire/ -- Ameris Bancorp (NASDAQ:ABCB) (the "Company") today reported net income of $125.0 million, or $1.79 per diluted share, for the quarter ended March 31, 2021, compared with

Ameris Bancorp Announces Financial Results For First Quarter 2021

22 Apr 21

Ameris Bancorp Announces Financial Results For First Quarter 2021

22 Apr 21

Ameris Bancorp Announces Financial Results For First Quarter 2021

22 Apr 21

Ameris Bancorp Announces Financial Results For First Quarter 2021

22 Apr 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

26 Feb 21

22 Apr 21

31 Dec 21

Financial summary

Financial statements Chart ABCB financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 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.

Recent insider trades

ABCB insider ownership history Insider history

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

Institutional ownership Q4 2020

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.

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%

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

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From filing 10-K 2020 FY