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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 Bancorp (ABCB) Q2 2023 Earnings Call Transcript
Ameris Bancorp (NASDAQ:ABCB ) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants Nicole Stokes - EVP & CFO Palmer Proctor - CEO Jon Edwards - EVP & CCO Conference Call Participants Eric Spector - Raymond...
Ameris Bancorp (ABCB) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Ameris Bancorp (ABCB) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
Ameris Bancorp (ABCB) Q2 Earnings Miss Estimates
Ameris Bancorp (ABCB) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.18 per share a year ago.
AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2023
Highlights of Ameris's results for the second quarter of 2023 include the following: Net income of $62.6 million, or $0.91 per diluted share Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.01% Growth in tangible book value(1) of $0.63 per share,...
Strong Mid-Cap Insider Buys: Q2 2023
We continue with our recurring series based on analyzing mid-cap stocks that have enjoyed periods unusual insider interest during the second quarter of the year. An overwhelming trend of bank insiders buying stakes in the regional banking sector still pursues,...
Analysts Estimate Ameris Bancorp (ABCB) to Report a Decline in Earnings: What to Look Out for
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 ANNOUNCES DATE OF SECOND QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL
ATLANTA , July 6, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its second quarter 2023 financial results in a press release after the market closes on Thursday, July 27, 2023. H. Palmer...
Ameris Bancorp: Reducing The Earnings Estimate But Maintaining A Buy
Ameris Bancorp's earnings estimate for 2023 has been reduced to $4.56 per share due to decreased margin estimates and increased provisioning expense estimates. The company's risk level appears manageable. Unrealized losses are low, uninsured deposits are well covered, and exposure...
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 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Ameris Bancorp (ABCB) Q1 Earnings Lag Estimates
Ameris Bancorp (ABCB) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.08 per share a year ago.
Source: https://incomestatements.info
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