Ameris Bancorp
Description
Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans, equipment finance loans, and small business administration loans. It operates full service domestic banking offices, and mortgage and loan production offices. The company was founded in 1971 and is headquartered in Atlanta, Georgia.
About
CEO
Mr. H. Palmer Proctor Jr.
Employees
2,733
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNYS
Address
3490 Piedmont Road NE, Atlanta, GA 30305, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 31, 2025 | 1.20 | — | — | — |
| Oct 25, 2024 | 1.25 | 1.38 | 0.13 | 10.40% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 2 | 2 | 3 | 5 |
| Average estimate | 1.09 | 1.17 | 4.97 | 5.62 |
| Low estimate | 1.06 | 1.09 | 4.72 | 5.30 |
| High estimate | 1.12 | 1.24 | 5.10 | 6.00 |
| Last year EPS | 1.10 | 1.17 | 5.02 | 4.97 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-4.090%
Next qtr. (Jun 2025)
3.420%
Current year (Dec 2025)
-0.400%
Next year (Dec 2026)
13.640%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.04B | 1.05B | 990.85M | 1.06B | 688.38M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 358.91M | 340.26M | 351.82M | 382.40M | 233.81M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 356.94M | 453.10M | 496.11M | 340.24M | 211.58M |
| Tax provision | 87.83M | 106.56M | 119.20M | 78.26M | 50.14M |
| Net income | 269.11M | 346.54M | 376.91M | 261.99M | 161.44M |
| Basic EPS | 3.90 | 5.01 | 5.43 | 3.78 | 2.76 |
| Diluted EPS | 3.89 | 4.99 | 5.40 | 3.77 | 2.75 |
| Basic average shares | 68.98M | 69.19M | 69.43M | 69.26M | 58.46M |
| Diluted average shares | 68.98M | 69.19M | 69.43M | 69.26M | 58.46M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 269.11M | 346.54M | 376.91M | 261.99M | 161.44M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 230.47M | 284.57M | 307.81M | 203.35M | 246.23M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.17B | 1.12B | 4.04B | 2.10B | 597.69M |
| Other short term investments | 1.40B | 1.50B | 592.62M | 982.88M | 1.40B |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 69.48M | 69.39M | 69.04M | 68.37M | 74.87M |
| Machinery furniture equipment | 89.76M | 85.22M | 82.27M | 74.82M | 69.11M |
| Construction in progress | 4.00M | 2.34M | 995,000 | 4.53M | 2.28M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -121.36M | -112.82M | -100.36M | -89.89M | -80.99M |
| Goodwill | 2.12B | 2.14B | 2.15B | 1.93B | 1.95B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 87.95M | 106.19M | 125.94M | 71.97M | 91.59M |
| Investments and advances | 1.62B | 1.75B | 720.02M | 1.01B | 1.47B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 639.90M | 2.00B | 866.21M | 549.50M | 1.53B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 72.52M | 72.26M | 72.02M | 71.75M | 71.50M |
| Retained earnings | 1.54B | 1.31B | 1.01B | 671.51M | 507.95M |
| Other shareholders equity | -35.94M | -46.51M | 15.59M | 33.51M | 18.00M |
| Total shareholders equity | 3.43B | 3.20B | 2.97B | 2.65B | 2.47B |
| Additional paid in capital | 1.95B | 1.94B | 1.92B | 1.91B | 1.91B |
| Treasury stock | 95.17M | 74.83M | 52.41M | 42.97M | 34.97M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 269.11M | 346.54M | 376.91M | 261.99M | 161.44M | 121.03M | 73.55M | 72.10M | 40.85M | 38.72M | 20.02M | 14.44M | 21.09M | -3.99M | -41.79M | -3.92M | 15.15M | 22.13M | 13.73M | 13.10M | 12.01M | 10.36M | 9.63M | 10.10M | 9.00M | 6.90M | 7.40M | 7.20M | 6.40M | 3.10M |
| Depreciation | 48.72M | 50.80M | 47.93M | 55.11M | 41.10M | 19.53M | 13.13M | 13.90M | 11.80M | 8.97M | 6.35M | 6.39M | 5.39M | 4.33M | 4.24M | 4.53M | 4.36M | 4.03M | 3.29M | 2.93M | 3.24M | 4.45M | 4.23M | 3.38M | 3.00M | 3.00M | 2.70M | 2.10M | 1.70M | 1.10M |
| Deferred Taxes | -20.47M | -35.68M | 38.41M | -7.93M | 22.82M | 1.37M | 12.43M | 847,000 | -344,000 | 6.52M | 3.54M | 2.53M | 8.05M | -1.79M | 10.48M | -4.65M | -1.52M | -249,000 | -35,000 | 243,000 | -157,000 | -65,000 | -726,000 | -634,000 | -100,000 | -1.20M | -400,000 | -400,000 | -200,000 | — |
| Stock-Based Compensation | 9.95M | 6.71M | 7.95M | 3.81M | 3.42M | 6.24M | 3.32M | 2.26M | 1.49M | 2.06M | 1.04M | 1.04M | 785,000 | 724,000 | 701,000 | -97,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 95.27M | 580.45M | -262.40M | 853.95M | -1.13B | -217.90M | -132.06M | -101.76M | -61.45M | -15.76M | 2.45M | -62.32M | -38.73M | -16.63M | 7.75M | -6.55M | 6.10M | 6.36M | 6.07M | 4.44M | 3.53M | 8.54M | 3.83M | 1.72M | 2.20M | 4.10M | 700,000 | 3.30M | 500,000 | 1.40M |
| Accounts Receivable | -9.66M | -20.13M | 19.34M | -23.89M | -15.39M | -10.97M | -3.73M | -1.00M | -4.25M | -1.95M | -1.40M | 1.10M | 457,000 | -1.72M | 851,000 | 3.69M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | 26.95M | 6.22M | -1.18M | -6.04M | 5.86M | 2.41M | 1.76M | 446,000 | -327,000 | -49,000 | 199,000 | -1.71M | -1.61M | 1.53M | -4.14M | -691,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 13.38M | -12.30M | -5.14M | -100.36M | 41.93M | -7.42M | 12.31M | 4.94M | 15.09M | 13.87M | 25.99M | 36.63M | 4.29M | 4.71M | -25.59M | 2.69M | — | — | — | — | — | — | — | -1.02M | 800,000 | — | — | — | — | — |
| Operating Cash Flow | 433.24M | 922.62M | 221.83M | 1.04B | -869.82M | -85.71M | -19.30M | -8.28M | 2.85M | 52.38M | 58.20M | -1.89M | -270,000 | -12.83M | -47.50M | -5.00M | 24.09M | 32.27M | 23.05M | 20.71M | 18.62M | 23.28M | 16.97M | 13.54M | 14.90M | 12.80M | 10.40M | 12.20M | 8.40M | 5.60M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -13.61M | -13.52M | -23.49M | -17.40M | -5.99M | -9.42M | -3.74M | -10.68M | -12.33M | -4.50M | -3.52M | -8.47M | -10.85M | -3.48M | -5.17M | -9.76M | -15.65M | -6.34M | -2.95M | -2.82M | -2.07M | -1.73M | -1.90M | -2.36M | -2.60M | -2.40M | -4.60M | -3.70M | -900,000 | -2.30M |
| Net Intangibles | — | 119.85M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | -14.00M | -126.66M | -2.42M | 244.18M | 51.50M | — | -7.21M | 673.93M | 17.02M | 25.81M | 220.52M | 38.02M | -187.68M | 67.94M | — | — | -199,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -39.09M | -1.29B | -99.25M | — | -264.29M | -290.65M | -113.26M | -200.82M | -249.12M | -126.91M | -91.30M | -146.85M | -143.65M | -52.78M | -77.02M | -168.71M | -137.81M | -98.51M | -80.50M | -67.68M | -130.00M | -141.23M | -87.80M | -26.96M | -70.40M | -110.80M | -55.10M | -48.00M | -67.10M | -9.20M |
| Sale of Investments | 187.42M | 189.21M | 365.37M | 472.43M | 331.17M | 254.64M | 129.30M | 189.44M | 163.38M | 153.29M | 87.16M | 180.16M | 179.85M | 99.14M | 219.93M | 96.85M | 143.10M | 73.82M | 69.52M | 68.13M | 116.01M | 116.58M | 139.45M | 42.95M | 78.60M | 80.40M | 75.30M | 85.80M | 39.20M | 18.20M |
| Investing Cash Flow | 147.27M | -1.18B | -20.94M | 449.41M | 318.93M | 14.05M | 26.70M | -5.97M | 634.41M | 105.20M | 125.89M | 450.91M | 153.13M | -69.78M | 221.70M | -68.44M | -83.44M | -281.63M | -121.93M | -62.59M | 15.44M | -32.20M | -89.12M | -45.31M | -68.30M | -32.40M | -2.80M | -23.60M | -63.00M | -22.80M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 15.84B | 3.95B | — | 7.20B | 5.24B | 1.53B | 1.84B | 635.89M | — | 118.96M | 175.00M | — | — | — | — | 220.60M | 216.50M | 102.11M | 5.00M | 32.00M | 15.00M | 25.10M | 69.74M | 109.80M | 339.00M | 5.70M | 34.70M | 12.60M | 4.60M | — |
| Long-Term Debt Payments | -17.21B | -2.81B | -296.33M | -8.18B | -4.14B | -1.84B | -2.08B | -231.02M | -39.88M | -257.06M | -177.74M | -30.33M | -44.50M | -2.00M | -79.31M | -239.10M | -201.50M | -132.09M | -15.34M | -19.68M | -34.75M | -2.91M | -39.52M | -120.60M | -284.70M | -9.10M | -43.80M | -7.90M | -600,000 | -4.70M |
| Other Financing Charges | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -2.74M | — | — | — | — | — | — | — | -1.45M | — | 100,000 | 100,000 | — | -100,000 | 100,000 | — |
| Financing Cash Flow | -1.43B | 1.07B | -347.56M | -1.03B | 1.05B | -332.73M | -168.74M | 395.06M | 67.84M | -170.87M | -4.26M | -57.21M | -47.13M | 80.59M | -86.03M | 38.01M | 6.26M | -31.64M | -13.92M | 6.17M | -24.62M | 21.86M | 25.65M | -12.29M | 51.00M | -6.20M | -11.70M | 10.20M | 2.20M | -6.10M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 1.17B | 1.12B | 4.06B | 2.12B | 621.85M | 679.53M | 330.66M | 198.39M | 390.56M | 170.36M | 267.94M | 80.26M | 65.53M | 74.33M | 81.06M | 66.79M | 59.80M | 66.86M | 74.42M | 40.34M | 44.85M | 45.10M | 51.30M | 38.41M | 47.40M | 42.10M | 34.00M | — | — | — |
| Income Tax Paid | 101.33M | 133.89M | 71.81M | 98.61M | 35.87M | 20.03M | 38.94M | 40.58M | 5.83M | 19.28M | 16.93M | 2.56M | 1.11M | 1.17M | 5.25M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 418.45M | 86.64M | 48.96M | 94.79M | 125.37M | 67.52M | 32.47M | 19.25M | 15.18M | 14.67M | 9.94M | 16.78M | 29.16M | 28.26M | 44.69M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 551.43M | 1.05B | -16.31M | 780.28M | -951.79M | -118.81M | -66.32M | -80.74M | -37.80M | -11.31M | 16.22M | -16.89M | 34.14M | 39.95M | 17.06M | 15.45M | 7.37M | 28.35M | 18.75M | 18.08M | 16.55M | 20.72M | 15.36M | 11.18M | 12.90M | 12.10M | 4.90M | 7.40M | 7.00M | 2.80M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 4,103,841 | 274.55M | 5.94% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,112,798 | 141.35M | 3.06% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,759,489 | 117.71M | 2.55% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,642,289 | 109.87M | 2.38% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 1,111,853 | 74.38M | 1.61% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 1,014,559 | 67.87M | 1.47% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 955,773 | 63.94M | 1.38% |
| American Century Small Cap Value Fund | Sep 30, 2024 | 865,000 | 57.87M | 1.25% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 673,389 | 45.05M | 0.97% |
| iShares S&P Smallcap 600 Value ETF | Nov 30, 2024 | 661,995 | 44.29M | 0.96% |
Article
Ameris Bancorp (ABCB) Q4 2024 Earnings Call Transcript
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