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Complete financial analysis of Ameris Bancorp (ABCB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ameris Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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Ameris Bancorp (ABCB)
About Ameris Bancorp
Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. It offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. The company 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 small unsecured personal credit lines. In addition, it originates, administers, and services commercial insurance premium loans and small business administration loans. The company operates 165 full service domestic banking offices and 35 mortgage and loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Atlanta, Georgia.
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.45B | 1.09B | 1.02B | 1.08B | 699.20M | 457.79M | 361.09M | 319.00M | 243.42M | 199.22M | 147.25M | 129.83M | 139.46M | 109.87M | 132.38M | 91.81M | 92.67M | 89.22M | 66.14M | 58.01M | 57.06M | 61.92M | 52.91M | 46.39M | 43.40M | 43.20M | 40.40M | 32.90M | 19.30M | 16.50M |
| Cost of Revenue | -75.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -15.49M | -22.42M | 0.00 | 0.00 | 38.57M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.52B | 1.09B | 1.02B | 1.08B | 699.20M | 457.79M | 361.09M | 319.00M | 243.42M | 199.22M | 162.73M | 152.24M | 139.46M | 109.87M | 93.81M | 91.81M | 92.67M | 89.22M | 66.14M | 58.01M | 57.06M | 61.92M | 52.91M | 46.39M | 43.40M | 43.20M | 40.40M | 32.90M | 19.30M | 16.50M |
| Gross Profit Ratio | 105.24% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 110.52% | 117.27% | 100.00% | 100.00% | 70.87% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 347.05M | 319.72M | 337.78M | 360.28M | 223.94M | 149.29M | 120.02M | 106.84M | 94.00M | 73.88M | 56.67M | 55.35M | 77.51M | 61.11M | 38.82M | 31.70M | 29.84M | 27.04M | 22.48M | 20.89M | 19.60M | 21.16M | 18.17M | 16.42M | 14.90M | 14.00M | 13.70M | 10.70M | 6.20M | 5.70M |
| Selling & Marketing | 11.86M | 12.48M | 8.43M | 8.05M | 7.93M | 5.57M | 5.13M | 4.18M | 3.31M | 2.87M | 1.62M | 1.62M | 722.00K | 566.00K | 1.65M | 3.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 358.91M | 332.20M | 346.21M | 368.32M | 231.87M | 154.86M | 125.15M | 111.02M | 97.32M | 76.75M | 58.29M | 56.97M | 78.23M | 61.67M | 40.47M | 34.78M | 29.84M | 27.04M | 22.48M | 20.89M | 19.60M | 21.16M | 18.17M | 16.42M | 14.90M | 14.00M | 13.70M | 10.70M | 6.20M | 5.70M |
| Other Expenses | 683.60M | -871.66M | -867.43M | -1.11B | -719.48M | -425.02M | -318.54M | -295.56M | -261.07M | -198.44M | -176.65M | -167.39M | -26.87M | -14.65M | -38.57M | -76.22M | -29.06M | -28.86M | -40.81M | -39.81M | -36.65M | -39.50M | -21.85M | -17.56M | -20.60M | -21.20M | -17.60M | -13.00M | -8.60M | -10.10M |
| Operating Expenses | 1.04B | -539.46M | -521.22M | -738.90M | -487.61M | -236.36M | -193.39M | -184.54M | -163.76M | -121.69M | -118.36M | -110.42M | 51.37M | 47.02M | 1.90M | -41.44M | 782.00K | -1.82M | -18.32M | -18.92M | -17.05M | -18.34M | -3.68M | -1.14M | -5.70M | -7.20M | -3.90M | -2.30M | -2.40M | -4.40M |
| Cost & Expenses | 1.04B | -539.46M | -521.22M | -738.90M | -487.61M | -236.36M | -193.39M | -184.54M | -163.76M | -121.69M | -15.49M | -22.42M | 51.37M | 47.02M | 40.47M | -41.44M | 782.00K | -1.82M | -18.32M | -18.92M | -17.05M | -18.34M | -3.68M | -1.14M | -5.70M | -7.20M | -3.90M | -2.30M | -2.40M | -4.40M |
| Interest Income | 1.28B | 893.89M | 703.11M | 726.50M | 636.39M | 413.33M | 294.35M | 239.07M | 190.39M | 164.57M | 126.32M | 129.48M | 141.07M | 119.07M | 114.57M | 129.01M | 146.08M | 124.11M | 79.54M | 64.37M | 64.48M | 74.45M | 76.09M | 68.98M | 59.80M | 59.90M | 58.70M | 47.80M | 26.70M | 21.30M |
| Interest Expense | 445.39M | 92.86M | 47.79M | 88.75M | 131.23M | 69.93M | 34.22M | 19.69M | 14.86M | 14.68M | 10.14M | 15.07M | 27.55M | 29.79M | 40.55M | 56.34M | 71.00M | 54.15M | 26.93M | 19.38M | 22.05M | 28.14M | 34.90M | 30.81M | 24.40M | 26.40M | 26.00M | 21.20M | 10.70M | 7.80M |
| Depreciation & Amortization | 48.72M | 50.80M | 47.93M | 55.11M | 41.10M | 19.53M | 13.13M | 13.90M | 3.74M | 2.33M | 1.41M | 1.36M | 1.00M | 988.00K | 644.00K | 4.53M | 4.36M | 4.86M | 3.29M | 2.93M | 3.25M | 4.45M | 4.23M | 3.38M | 3.00M | 3.00M | 2.70M | 2.00M | 1.20M | 1.10M |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 52.12% | 50.24% | 33.35% | 32.79% | 52.63% | 47.53% | 43.52% | 34.26% | 40.09% | 31.10% | 33.26% | 46.31% | 24.52% | 7.78% | 59.80% | 105.55% | 103.41% | 77.27% | 72.45% | 75.82% | 77.56% | 101.03% | 104.83% | 93.78% | 90.28% | 97.03% | 99.09% | 93.78% | 80.00% |
| Operating Income | 0.00 | 545.96M | 496.11M | 340.24M | 211.58M | 221.42M | 167.70M | 134.46M | 79.66M | 77.53M | 44.38M | 41.83M | 63.58M | 25.95M | 9.65M | 50.37M | 93.45M | 87.41M | 47.81M | 39.10M | 40.01M | 43.58M | 49.23M | 45.25M | 37.70M | 36.00M | 36.50M | 30.60M | 16.90M | 12.10M |
| Operating Income Ratio | 0.00% | 50.30% | 48.77% | 31.53% | 30.26% | 48.37% | 46.44% | 42.15% | 32.73% | 38.92% | 30.14% | 32.22% | 45.59% | 23.62% | 7.29% | 54.87% | 100.84% | 97.96% | 72.29% | 67.39% | 70.12% | 70.38% | 93.04% | 97.54% | 86.87% | 83.33% | 90.35% | 93.01% | 87.56% | 73.33% |
| Total Other Income/Expenses | 356.94M | -7.20M | -10.26M | -75.15M | 211.58M | -29.80M | -8.33M | -14.46M | -15.20M | -9.24M | -8.09M | 16.55M | -31.94M | -7.18M | -44.15M | -5.97M | -71.00M | -54.15M | -26.93M | -19.38M | -22.05M | -28.14M | -34.90M | -30.81M | -24.40M | -26.40M | -26.00M | -21.20M | -10.70M | -7.80M |
| Income Before Tax | 356.94M | 453.10M | 496.11M | 340.24M | 211.58M | 151.49M | 124.28M | 105.25M | 56.74M | 56.21M | 29.30M | 21.72M | 31.65M | -7.18M | -34.49M | -5.97M | 22.45M | 33.26M | 20.88M | 19.72M | 17.96M | 15.43M | 14.33M | 14.44M | 13.30M | 9.60M | 10.50M | 9.40M | 6.20M | 4.30M |
| Income Before Tax Ratio | 24.66% | 41.74% | 48.77% | 31.53% | 30.26% | 33.09% | 34.42% | 32.99% | 23.31% | 28.21% | 19.90% | 16.73% | 22.69% | -6.54% | -26.06% | -6.50% | 24.23% | 37.27% | 31.57% | 34.00% | 31.48% | 24.92% | 27.07% | 31.13% | 30.65% | 22.22% | 25.99% | 28.57% | 32.12% | 26.06% |
| Income Tax Expense | 87.83M | 106.56M | 119.20M | 78.26M | 50.14M | 30.46M | 50.73M | 33.15M | 15.90M | 17.48M | 9.29M | 7.29M | 10.56M | -3.20M | 7.30M | -2.05M | 7.30M | 11.13M | 7.15M | 6.62M | 5.95M | 5.08M | 4.69M | 4.34M | 4.30M | 2.70M | 3.10M | 2.70M | 1.90M | 1.20M |
| 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 | 6.70M | 4.30M | 3.10M |
| Net Income Ratio | 18.59% | 31.93% | 37.05% | 24.28% | 23.09% | 26.44% | 20.37% | 22.60% | 16.78% | 19.44% | 13.59% | 11.12% | 15.12% | -3.63% | -31.57% | -4.27% | 16.35% | 24.80% | 20.76% | 22.58% | 21.05% | 16.72% | 18.21% | 21.77% | 20.74% | 15.97% | 18.32% | 20.36% | 22.28% | 18.79% |
| EPS | 3.90 | 5.01 | 5.43 | 3.78 | 2.76 | 2.81 | 2.00 | 2.10 | 1.29 | 1.48 | 0.76 | 0.46 | 0.76 | -0.19 | -3.00 | -0.28 | 1.09 | 1.66 | 1.12 | 1.09 | 1.00 | 0.85 | 0.85 | 0.96 | 0.83 | 0.64 | 0.70 | 0.68 | 0.64 | 0.57 |
| EPS Diluted | 3.89 | 4.99 | 5.40 | 3.77 | 2.75 | 2.80 | 1.98 | 2.08 | 1.27 | 1.46 | 0.75 | 0.46 | 0.76 | -0.19 | -3.00 | -0.28 | 1.08 | 1.63 | 1.11 | 1.08 | 0.99 | 0.85 | 0.84 | 0.96 | 0.83 | 0.64 | 0.69 | 0.68 | 0.64 | 0.57 |
| Weighted Avg Shares Out | 68.98M | 69.19M | 69.43M | 69.26M | 58.46M | 43.14M | 36.83M | 34.35M | 31.76M | 25.97M | 23.92M | 23.80M | 23.45M | 20.50M | 13.91M | 13.89M | 13.86M | 13.30M | 12.27M | 12.03M | 11.99M | 12.17M | 11.32M | 10.47M | 10.78M | 10.78M | 10.62M | 10.58M | 6.27M | 5.46M |
| Weighted Avg Shares Out (Dil) | 69.10M | 69.42M | 69.76M | 69.43M | 58.61M | 43.25M | 37.14M | 34.70M | 32.13M | 26.26M | 24.35M | 23.84M | 23.54M | 20.50M | 13.91M | 13.89M | 14.01M | 13.54M | 12.38M | 12.13M | 12.11M | 12.17M | 11.43M | 10.47M | 10.78M | 10.78M | 10.75M | 10.58M | 6.27M | 5.46M |
Ameris Bank Names Volunteer of the Year Winners
ATLANTA , May 22, 2024 /PRNewswire/ -- Ameris Bank recently honored four members of the company for their extraordinary commitment to community service. "We encourage all teammates to give back to their communities, yet these individuals consistently go above and...
Ameris Bancorp (ABCB) Q1 2024 Earnings Call Transcript
Ameris Bancorp (NASDAQ:ABCB ) Q1 2024 Earnings Conference Call April 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...
Ameris Bancorp (ABCB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Ameris Bancorp (ABCB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
Ameris Bancorp (ABCB) Q1 Earnings and Revenues Beat Estimates
Ameris Bancorp (ABCB) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.86 per share a year ago.
AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2024
Highlights of Ameris's results for the first quarter of 2024 include the following: Net income of $74.3 million, or $1.08 per diluted share; Adjusted net income(1) of $75.6 million, or $1.10 per diluted share Return on average assets ("ROA") of 1.18%;...
AMERIS BANCORP TO ANNOUCE FIRST QUARTER 2024 EARNINGS ON APRIL 25, 2024
ATLANTA , April 3, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its first quarter 2024 financial results in a press release after the market closes on Thursday, April 25, 2024. H. Palmer...
Brady Gailey Joins Ameris Bank as Executive Director of Corporate Development
ATLANTA , March 18, 2024 /PRNewswire/ -- Ameris Bank is pleased to announce Brady Gailey has joined the bank as Executive Director of Corporate Development, effective today. In this role, Gailey will work closely with executive management to support strategic...
Ameris Bank Recognized for Excellence in Small Business Banking
ATLANTA , Feb. 23, 2024 /PRNewswire/ -- Ameris Bank has been recognized with five Greenwich Excellence Awards for Small Business Banking in 2023. Among more than 500 banks evaluated, Ameris Bank is one of 39 cited for Distinctive Quality in...
Ameris Bancorp Appoints Claire E. McLean to its Board of Directors
ATLANTA , Feb. 7, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) announced that Claire E. McLean has been appointed a director of the company, effective February 7, 2024.
Ameris Bancorp (ABCB) Q4 2023 Earnings Call Transcript
Ameris Bancorp (ABCB) Q4 2023 Earnings Call Transcript
Source: https://incomestatements.info
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