Ameris Bancorp (ABCB) 10-Year Financial Performance & Capital Metrics

ABCB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutAmeris 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.Show more

Net Interest Income $849M +1.7%
Total Revenue $1.63B +9.7%
Net Income $359M +33.3%
Return on Equity 9.99% +23.0%
Net Interest Margin 3.23% -2.4%
Efficiency Ratio 34.86% -4.5%
ROA 1.39% +30.2%
Equity / Assets 14.28% +5.1%
Book Value per Share 54.29 +9.5%
Tangible BV/Share 38.57 +14.7%
Debt/Equity 0.11 -39.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 17.3%
✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 34.9% efficiency ratio
✓Well capitalized: 14.3% equity/assets
✓Trading near 52-week high
✓Trading at only 1.5x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.54%

5Y14.78%

3Y16.28%

TTM-

Profit (Net Income) CAGR

10Y24.93%

5Y17.31%

3Y-1.64%

TTM20.57%

EPS CAGR

10Y13.52%

5Y13.54%

3Y-1.31%

TTM20.42%

ROCE

10Y Avg9.8%

5Y Avg9.74%

3Y Avg8.96%

Latest10.53%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	175.54M	219.37M	260.13M	343.39M	505.17M	637.75M	655.33M	801.03M	835.04M	849.19M
NII Growth %	0.17%	0.25%	0.19%	0.32%	0.47%	0.26%	0.03%	0.22%	0.04%	0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	190.39M	239.06M	294.35M	413.33M	636.39M	726.5M	703.11M	893.89M	1.28B	1.38B
Interest Expense	14.86M	19.69M	34.22M	69.93M	131.23M	88.75M	47.78M	92.86M	445.39M	529.09M
Loan Loss Provision	5.26M	4.09M	8.36M	16.67M	19.76M	145.38M	-35.37M	71.7M	142.66M	58.79M
Non-Interest Income+	67.88M	99.63M	100.96M	114.4M	183.21M	420.48M	335.52M	247.56M	207.47M	254.61M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	258.27M	338.69M	395.31M	527.72M	819.61M	1.15B	1.04B	1.14B	1.49B	1.63B
Revenue Growth %	0.21%	0.31%	0.17%	0.33%	0.55%	0.4%	-0.09%	0.1%	0.3%	0.1%
Non-Interest Expense	181.41M	209.66M	228.44M	289.63M	457.04M	572.61M	530.11M	523.79M	542.92M	569.15M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	56.74M	105.25M	124.28M	151.49M	211.58M	340.24M	496.11M	453.1M	356.94M	475.86M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.01%	0.85%	0.18%	0.22%	0.4%	0.61%	0.46%	-0.09%	-0.21%	0.33%
Pretax Income+	56.74M	105.25M	124.28M	151.49M	211.58M	340.24M	496.11M	453.1M	356.94M	475.86M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	15.9M	33.15M	50.73M	30.46M	50.14M	78.26M	119.2M	106.56M	87.83M	117.17M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	40.85M	72.1M	73.55M	121.03M	161.44M	261.99M	376.91M	346.54M	269.11M	358.69M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.05%	0.77%	0.02%	0.65%	0.33%	0.62%	0.44%	-0.08%	-0.22%	0.33%
Net Income (Continuing)	40.85M	72.1M	73.55M	121.03M	161.44M	261.99M	376.91M	346.54M	269.11M	358.69M
EPS (Diluted)+	1.27	2.08	1.98	2.80	2.75	3.77	5.40	4.99	3.89	5.19
EPS Growth %	-0.13%	0.64%	-0.05%	0.41%	-0.02%	0.37%	0.43%	-0.08%	-0.22%	0.33%
EPS (Basic)	1.29	2.10	2.00	2.81	2.76	3.78	5.43	5.01	3.90	5.21
Diluted Shares Outstanding	32.13M	34.7M	37.14M	43.25M	58.61M	69.43M	69.76M	69.42M	69.1M	69.1M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	385.06M	198.38M	330.65M	655.29M	597.68M	2.1B	4.04B	1.12B	1.17B	1.22B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	4.79B	6.2B	7.07B	9.8B	15.91B	16.46B	17.68B	21.79B	21.86B	22.83B
Investments Growth %	0.38%	0.29%	0.14%	0.39%	0.62%	0.03%	0.07%	0.23%	0%	0.04%
Long-Term Investments	4.01B	5.38B	6.26B	8.61B	14.5B	15.48B	17.09B	20.29B	20.46B	21.16B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	90.08M	125.53M	125.53M	503.43M	931.64M	928M	1.01B	1.02B	1.02B	1.02B
Intangible Assets	17.06M	17.43M	13.5M	58.69M	91.59M	71.97M	125.94M	106.19M	87.95M	70.76M
PP&E (Net)	121.64M	121.22M	117.74M	145.41M	233.1M	222.89M	225.4M	220.28M	216.44M	209.46M
Other Assets	157.79M	190.16M	169.32M	244.29M	479.07M	624.66M	768.38M	805.46M	856.58M	913.15M
Total Current Assets	1.17B	1.02B	1.14B	1.85B	2B	3.08B	4.64B	2.62B	2.57B	2.89B
Total Non-Current Assets	4.41B	5.87B	6.71B	9.6B	16.24B	17.36B	19.22B	22.44B	22.63B	23.37B
Total Assets+	5.59B	6.89B	7.86B	11.44B	18.24B	20.44B	23.86B	25.05B	25.2B	26.26B
Asset Growth %	0.38%	0.23%	0.14%	0.46%	0.59%	0.12%	0.17%	0.05%	0.01%	0.04%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	172.46M	630.05M	366.74M	261.35M	1.55B	561.14M	872.05M	2B	639.9M	424.1M
Net Debt	-212.6M	431.67M	36.09M	-393.95M	949.22M	-1.54B	-3.17B	885.93M	-527.4M	-796.28M
Long-Term Debt	84.87M	537.7M	336.1M	170.96M	1.53B	549.5M	866.21M	2B	639.9M	424.1M
Short-Term Debt	87.58M	92.36M	30.64M	90.38M	20.64M	11.64M	5.84M	0	0	0
Other Liabilities	22.43M	40.38M	59.14M	76.51M	199.02M	272.59M	354.26M	389.09M	428.54M	363.98M
Total Current Liabilities	4.97B	5.67B	6.66B	9.74B	14.05B	16.97B	19.67B	19.46B	20.71B	21.72B
Total Non-Current Liabilities	107.31M	578.08M	395.24M	247.47M	1.73B	822.09M	1.22B	2.39B	1.07B	788.08M
Total Liabilities	5.07B	6.25B	7.05B	9.99B	15.77B	17.79B	20.89B	21.86B	21.78B	22.51B
Total Equity+	514.76M	646.44M	804.48M	1.46B	2.47B	2.65B	2.97B	3.2B	3.43B	3.75B
Equity Growth %	0.41%	0.26%	0.24%	0.81%	0.7%	0.07%	0.12%	0.08%	0.07%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.12%	0.1%	0.11%	0.08%	0.1%	0.13%	0.11%	0.08%	0.1%
Book Value per Share	16.02	18.63	21.66	33.67	42.13	38.13	42.52	46.06	49.59	54.29
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	33.63M	36.38M	38.73M	49.02M	71.5M	71.75M	72.02M	72.26M	72.52M	72.7M
Additional Paid-in Capital	337.35M	410.28M	508.4M	1.05B	1.91B	1.91B	1.92B	1.94B	1.95B	1.96B
Retained Earnings	152.82M	214.45M	273.12M	377.13M	507.95M	671.51M	1.01B	1.31B	1.54B	1.85B
Accumulated OCI	3.35M	-1.06M	-1.28M	-4.83M	18M	33.51M	15.59M	-46.51M	-35.94M	-30.12M
Treasury Stock	-12.39M	-13.61M	-14.5M	-16.56M	-34.97M	-42.97M	-52.41M	-74.83M	-95.17M	-103.13M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-25.22M	-69.77M	-62.56M	-108.8M	-940.21M	798.4M	9.14M	1.06B	568.96M	154.19M
Operating CF Growth %	-3.51%	-1.77%	0.1%	-0.74%	-7.64%	1.85%	-0.99%	115.24%	-0.46%	-0.73%
Net Income	40.85M	72.1M	73.55M	121.03M	161.44M	261.99M	376.91M	346.54M	269.11M	358.69M
Depreciation & Amortization	11.8M	13.89M	13.13M	19.53M	41.1M	55.11M	47.93M	53.63M	45.93M	46.73M
Deferred Taxes	-344K	847K	12.43M	1.37M	22.82M	-7.93M	38.41M	-35.68M	-20.47M	-20.08M
Other Non-Cash Items	-98.55M	-154.92M	-174.85M	-245.03M	-1.2B	627.77M	-482.09M	712.3M	231.5M	-224.71M
Working Capital Changes	19.54M	-3.95M	9.87M	-11.95M	28.8M	-142.35M	20.03M	-21.03M	32.94M	-19.87M
Cash from Investing+	-167.86M	-802.87M	-666.91M	-53.31M	-487.09M	-1.2B	-420.98M	-4.87B	-338.19M	-846.68M
Purchase of Investments	-249.12M	-218.76M	-113.26M	-290.65M	-264.29M	0	-99.25M	-1.29B	-39.09M	-719.47M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	673.93M	-7.21M	0	51.49M	244.18M	-2.42M	-126.66M	-14M	0	0
Other Investing	-743.48M	-773.3M	-679.19M	-58.79M	-786.57M	-1.65B	-534.99M	-3.74B	-468.99M	-568.24M
Cash from Financing+	413.29M	680.45M	861.74M	510.99M	1.37B	1.9B	2.36B	865.53M	-181.59M	745.56M
Dividends Paid	-6.44M	-8.58M	-14.65M	-16.41M	-24.68M	-41.69M	-41.8M	-41.61M	-41.65M	-41.46M
Share Repurchases	-732K	-1.23M	-886K	-2.06M	-18.41M	-8M	-9.44M	-22.42M	-20.35M	-7.95M
Stock Issued	114.89M	0	88.66M	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	345.45M	285.4M	1.03B	843.71M	317.48M	2.93B	2.71B	-205.86M	1.25B	1.01B
Net Change in Cash+	220.2M	-192.18M	132.27M	348.87M	-57.68M	1.5B	1.95B	-2.95B	49.17M	53.07M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	170.36M	390.56M	198.38M	330.66M	679.53M	621.85M	2.12B	4.06B	1.12B	1.17B
Cash at End	390.56M	198.38M	330.66M	679.53M	621.85M	2.12B	4.06B	1.12B	1.17B	1.22B
Interest Paid	15.18M	19.25M	32.47M	67.52M	125.37M	94.79M	48.96M	86.64M	418.44M	540.27M
Income Taxes Paid	5.83M	40.58M	38.94M	20.03M	35.87M	98.61M	71.81M	133.89M	101.33M	102.51M
Free Cash Flow+	-37.8M	-80.74M	-66.32M	-118.81M	-951.79M	780.28M	-16.31M	1.05B	551.43M	140.72M
FCF Growth %	-2.34%	-1.14%	0.18%	-0.79%	-7.01%	1.82%	-1.02%	65.32%	-0.47%	-0.74%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.28%	12.42%	10.14%	10.71%	8.22%	10.24%	13.43%	11.24%	8.13%	9.99%
Return on Assets (ROA)	0.85%	1.16%	1%	1.25%	1.09%	1.35%	1.7%	1.42%	1.07%	1.39%
Net Interest Margin	3.14%	3.18%	3.31%	3%	2.77%	3.12%	2.75%	3.2%	3.31%	3.23%
Efficiency Ratio	70.24%	61.9%	57.79%	54.88%	55.76%	49.92%	51.04%	45.89%	36.49%	34.86%
Equity / Assets	9.21%	9.38%	10.24%	12.73%	13.54%	12.95%	12.43%	12.76%	13.6%	14.28%
Book Value / Share	16.02	18.63	21.66	33.67	42.13	38.13	42.52	46.06	49.59	54.29
NII Growth	17.11%	24.97%	18.58%	32.01%	47.11%	26.25%	2.76%	22.23%	4.25%	1.69%
Dividend Payout	15.76%	11.91%	19.92%	13.55%	15.28%	15.91%	11.09%	12.01%	15.48%	11.56%

Revenue by Segment

	2018	2019	2020	2021	2022	2024
Service Charges On Deposit Accounts	46.13M	50.79M	44.15M	45.11M	44.5M	50.89M
Service Charges On Deposit Accounts Growth	-	10.11%	-13.09%	2.18%	-1.35%	14.37%
Noninterest Income, Other	-	-	3.14M	4.99M	40.84M	43.16M
Noninterest Income, Other Growth	-	-	-	58.66%	719.20%	5.70%
Overdraft Fees	18.27M	21.71M	17.9M	16.11M	15.81M	17.34M
Overdraft Fees Growth	-	18.85%	-17.54%	-10.00%	-1.86%	9.65%
Debit Card Interchange Fees	18.95M	18.91M	15.99M	16.8M	15.88M	17.16M
Debit Card Interchange Fees Growth	-	-0.19%	-15.45%	5.07%	-5.44%	8.03%
Other Service Charges On Deposit Accounts	8.92M	10.17M	10.25M	12.2M	12.8M	16.39M
Other Service Charges On Deposit Accounts Growth	-	14.10%	0.80%	18.93%	4.98%	28.06%
ATM Fees	2.72M	3.23M	3.63M	3.75M	3.51M	3.51M
ATM Fees Growth	-	18.63%	12.55%	3.25%	-6.48%	0.11%
Other Service Charges, Commissions and Fees	2.72M	3.23M	3.63M	3.75M	3.51M	3.51M
Other Service Charges, Commissions and Fees Growth	-	18.63%	12.55%	3.25%	-6.48%	0.11%
Trust And Wealth Management	-	-	3.14M	4.99M	4.55M	-
Trust And Wealth Management Growth	-	-	-	58.66%	-8.65%	-

Frequently Asked Questions

Valuation & Price

Ameris Bancorp (ABCB) has a price-to-earnings (P/E) ratio of 15.7x. This is roughly in line with market averages.

Growth & Financials

Ameris Bancorp (ABCB) grew revenue by 9.7% over the past year. This is steady growth.

Yes, Ameris Bancorp (ABCB) is profitable, generating $398.2M in net income for fiscal year 2024 (22.0% net margin).

Dividend & Returns

Yes, Ameris Bancorp (ABCB) pays a dividend with a yield of 0.74%. This makes it attractive for income-focused investors.

Ameris Bancorp (ABCB) has a return on equity (ROE) of 10.0%. This is below average, suggesting room for improvement.

Industry Metrics

Ameris Bancorp (ABCB) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.

Ameris Bancorp (ABCB) has an efficiency ratio of 34.9%. This is excellent, indicating strong cost control.

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