Ameris Bancorp
ABCB

$61.71

1.36%

Market Cap: 4.26B

About: Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking segment. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.

Employees: 2,765

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

178% more call options, than puts

Call options by funds: $295K | Put options by funds: $106K

87% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 23

8% more funds holding

Funds holding: 254 [Q4 2023] → 274 (+20) [Q1 2024]

1.58% less ownership

Funds ownership: 92.7% [Q4 2023] → 91.12% (-1.58%) [Q1 2024]

11% less capital invested

Capital invested by funds: $3.4B [Q4 2023] → $3.03B (-$364M) [Q1 2024]

26% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 107

40% less funds holding in top 10

Funds holding in top 10: 5 [Q4 2023] → 3 (-2) [Q1 2024]

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Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$53

14%

downside

Avg. target

$54

12%

downside

High target

$57

8%

downside

4 analyst ratings

2 positive

50%

2 neutral

50%

0 negative

0%

Piper Sandler Casey Orr Whitman	8%downside $57	Overweight Maintained	29 Apr 2024
Stephens & Co. Russell Gunther	14%downside $53	Equal-Weight Reiterated	26 Apr 2024
Truist Securities Brandon King	12%downside $54	Buy Maintained	1 Apr 2024
Stephens & Co. Russell Gunther	14%downside $53	Equal-Weight Reiterated	30 Jan 2024

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Financial journalist opinion

Based on 10 articles about ABCB published over the past 30 days

Congressman Buddy Carter sells up to $1 million in Ameris Bancorp stock before earnings report: What's behind the move?

Congressman Buddy Carter sold a milion dollars worth of Ameris Bancorp stock just before earnings. The bank is headquartered in the same state that he represents.

Congressman Buddy Carter sells up to $1 million in Ameris Bancorp stock before earnings report: What's behind the move?

Ameris Bancorp (ABCB) Q2 2024 Earnings Call Transcript

Ameris Bancorp (NYSE:ABCB ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Doug Strange - Executive Vice President and Chief Risk Officer Conference Call Participants Catherine Mealo - KBW Christopher Marinac - FIG Partners Brandon King - Truist Russell Gunther - Stephens Manuel Navas - D.A. Davidson David Feaster - Raymond James Operator Good day, and welcome to the Ameris Bancorp Second Quarter Conference Call.

Ameris Bancorp (ABCB) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Ameris Bancorp (ABCB) Q2 Earnings

Although the revenue and EPS for Ameris Bancorp (ABCB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Ameris Bancorp (ABCB) Q2 Earnings

Zacks Investment Research

Ameris Bancorp (ABCB) Beats Q2 Earnings and Revenue Estimates

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.91 per share a year ago.

Ameris Bancorp (ABCB) Beats Q2 Earnings and Revenue Estimates

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2024

Highlights of Ameris's results for the second quarter of 2024 include the following: Net income of $90.8 million, or $1.32 per diluted share; Adjusted net income(1) of $80.8 million, or $1.17 per diluted share Return on average assets ("ROA") of 1.41%; Adjusted ROA(1) of 1.25% Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.25%; Adjustment items positively impacted PPNR ROA by 29 basis points Growth in tangible book value(1) of $1.27 per share, or 14.8% annualized, to $35.79 at June 30, 2024 TCE ratio(1) of 9.72%, compared with 8.80% one year ago Net interest margin of 3.58% for the second quarter of 2024, compared with 3.51% in the prior quarter Organic growth in loans of $392.3 million, or 7.7% annualized Growth in total deposits of $446.8 million, or 8.6% annualized Increase in the allowance for loan losses to 1.60% of loans, from 1.55% at March 31, 2024 CRE concentration improved to 274% of capital, from 281% at March 31, 2024 Annualized net charge-offs declined to 0.18% of average total loans ATLANTA , July 25, 2024 /PRNewswire/ -- Ameris Bancorp (NYSE: ABCB) (the "Company") today reported net income of $90.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2024, compared with $62.6 million, or $0.91 per diluted share, for the quarter ended June 30, 2023. Excluding the gain on sale of mortgage servicing rights, gain on conversion of Visa Class B-1 stock, FDIC special assessment, gain on bank owned life insurance ("BOLI") proceeds and tax expense attributable to BOLI restructuring, adjusted net income(1) was $80.8 million, or $1.17 per diluted share, for the quarter ended June 30, 2024, compared with $62.6 million, or $0.91 per diluted share, for the quarter ended June 30, 2023.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2024

Zacks Investment Research

Curious about Ameris Bancorp (ABCB) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Besides Wall Street's top -and-bottom-line estimates for Ameris Bancorp (ABCB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Curious about Ameris Bancorp (ABCB) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Zacks Investment Research

Ameris Bancorp (ABCB) Earnings Expected to Grow: Should You Buy?

Ameris Bancorp (ABCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ameris Bancorp (ABCB) Earnings Expected to Grow: Should You Buy?

AMERIS BANCORP ANNOUNCES TRANSFER OF LISTING OF COMMON STOCK TO THE NEW YORK STOCK EXCHANGE

ATLANTA , July 12, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company" or "Ameris") announced today that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Stock Market LLC ("Nasdaq"). Ameris's common stock is expected to begin trading on the NYSE on Tuesday, July 23, 2024, and will continue to be traded under its current ticker symbol "ABCB" after the transfer.

AMERIS BANCORP ANNOUNCES TRANSFER OF LISTING OF COMMON STOCK TO THE NEW YORK STOCK EXCHANGE

Three Ameris Bankers Named Among Top Hispanic Mortgage Originators

ATLANTA , July 3, 2024 /PRNewswire/ -- The National Association of Hispanic Real Estate Professionals named three Ameris Bank mortgage originators to the 2024 Top 250 Mortgage Originators List. The Association works as advisors and advocates to champion homeownership for the Hispanic community.

Three Ameris Bankers Named Among Top Hispanic Mortgage Originators

AMERIS BANCORP TO ANNOUCE SECOND QUARTER 2024 EARNINGS ON JULY 25, 2024

ATLANTA , July 2, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its second quarter 2024 financial results in a press release after the market closes on Thursday, July 25, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP TO ANNOUCE SECOND QUARTER 2024 EARNINGS ON JULY 25, 2024

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