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Ameris Bancorp (Nasdaq: ABCB) is a bank holding company headquartered in Atlanta, Georgia, operating through its subsidiary Ameris Bank. Founded in 1971, Ameris Bank prides itself on a steadfast commitment to character, service, and value. Over the years, it has evolved into a high-performing community bank offering a diverse range of innovative banking products and services.
With approximately $25.20 billion in assets, Ameris Bank operates over 164 financial centers across Georgia, Alabama, Florida, North Carolina, and South Carolina. The bank provides traditional banking services including personal banking, business banking, checking, savings, and mobile banking. Ameris Bank is segmented into five primary divisions: banking, retail mortgage, warehouse lending, SBA, and premium finance, with the banking segment being the primary revenue driver.
Recently, Ameris Bank has been involved in a variety of developments designed to enhance its market presence and customer service capabilities. The company reported net income of $74.3 million for the first quarter of 2024, reflecting solid financial performance highlighted by organic loan growth and strong asset quality. Other highlights include a net interest margin of 3.51%, a return on average assets of 1.18%, and a tangible book value growth to $34.52 per share.
Ameris Bank continues to emphasize community involvement and corporate social responsibility. It launched the Ameris Choice program, providing up to $20,000 in assistance for home purchases or refinancing in Jacksonville, Florida. The bank also honored four employees for their extraordinary commitment to community service in 2024, showcasing its dedication to fostering community well-being.
In addition to its robust financial services, Ameris Bank actively engages in strategic acquisitions to expand its market reach. For example, the recent appointment of experts like Brady Gailey as Executive Director of Corporate Development underscores its focus on strategic financial growth and investor relations.
Learn more about Ameris Bank at www.amerisbank.com.
Ameris Bancorp (NYSE: ABCB) has announced a 33.3% increase in its quarterly dividend, raising it from $0.15 to $0.20 per share. The dividend will be payable on January 6, 2025, to shareholders of record as of December 31, 2024.
The company, headquartered in Atlanta, Georgia, operates 164 financial centers across the Southeast and serves customers nationwide through select lending channels. As of September 30, 2024, Ameris manages $26.4 billion in assets and provides traditional banking, lending products, treasury and cash management, insurance premium financing, and mortgage services.
Nexus W2V has secured $140 million in investments, including a $75 million structured equity commitment from Orion Infrastructure Capital, to construct its flagship Kingsbury Bioenergy Complex in La Porte, Indiana. The facility will convert organic waste into renewable natural gas (RNG) and other products.
Located 70 miles from Chicago, the facility will process 200 tons of organic waste daily and is expected to be fully operational by the end of 2026, creating 35 local jobs. The RNG produced will be injected into Northern Indiana's pipeline system. Additional investors include Nexus Holdings, Khasma Capital, Sterling Bank, and Ameris Bank.
Nexus W2V, a waste-to-value infrastructure developer, has secured a $140MM investment package, including a $75 million structured equity commitment from Orion Infrastructure Capital (OIC), with additional funding from Nexus Holdings, Khasma Capital, and Ameris Bank. The company has announced the construction of its flagship Kingsbury Bioenergy Complex in La Porte, Indiana.
The facility, located 70 miles outside Chicago, will process 200 tons of organic waste daily into renewable natural gas (RNG) and other products. The RNG will be injected into Northern Indiana's pipeline system. Expected to be fully operational by the end of 2026, the project will create 35 local jobs and serve as a blueprint for future nationwide waste-to-value projects.
Ameris Bank has appointed Emily Dawkins as its new Florida president, succeeding Brian Parks who has been promoted to head of Wholesale Banking. Dawkins, formerly regional president of North Florida at Truist, brings 20 years of banking experience to her new role.
In her position, Dawkins will oversee the bank's expansion throughout Florida and enhance its commercial lending, treasury, and traditional banking services. Her background includes completing Truist's Commercial Associate Program and serving as both a Commercial relationship manager and Capital Markets originator.
Active in community service, Dawkins serves on the Baptist Medical Center South Board and ReThreaded's Circle of Sisters. She holds a BS in Finance with a Spanish minor from the University of Florida.
Ameris Bank has appointed Brian Parks as the new head of Wholesale Banking, reporting to President Lawton Bassett. Parks, who will be based in Atlanta, will oversee Treasury Management, Industry Specialty Banking, Commercial Real Estate & Capital Markets, Corporate Banking, and the metro Atlanta market. Since joining Ameris in 2020 as regional president for Florida markets, Parks has expanded the bank's presence from Jacksonville to Orlando to Tampa. Prior to Ameris, he spent 22 years at SunTrust (now Truist) in various leadership roles.
Ameris Bancorp (NYSE: ABCB) reported strong Q3 2024 financial results with net income of $99.2 million, or $1.44 per diluted share, up from $80.1 million in Q3 2023. Key highlights include adjusted net income of $95.2 million ($1.38 per diluted share), net interest margin of 3.51%, and total deposits growth of $435.1 million (8.1% annualized). The company achieved a Return on Average Assets of 1.49% and grew tangible book value by 19.1% annualized to $37.51. Notable improvements include TCE ratio reaching 10.24% and reduced exposure to GNMA nonaccrual loans by $85.4 million through MSR sale.
Ameris Bancorp (NYSE: ABCB) has announced that it will release its third quarter 2024 financial results after market close on Thursday, October 24, 2024. The company will host a teleconference on Friday, October 25, 2024, at 9:00 a.m. Eastern time to discuss the results. Key executives, including CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and CCO Douglas D. Strange, will lead the call.
Investors can access the conference call by dialing 1-844-481-2939 with the conference ID 'Ameris Bancorp'. A replay will be available until November 1, 2024, by dialing 1-877-344-7529 with access code 1525671. Additionally, a live webcast will be available on the Investor Relations page of the Ameris Bank website.
Ameris Bancorp, the parent company of Ameris Bank, operates 164 financial centers across the Southeast and serves customers nationwide. As of June 30, 2024, Ameris manages $26.5 billion in assets and offers a range of banking, lending, treasury, and insurance services.
Ameris Bancorp (NYSE: ABCB) has announced a quarterly dividend of $0.15 per share of common stock. The dividend will be payable on October 7, 2024, to shareholders of record as of September 30, 2024. Ameris Bancorp is the parent company of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia.
Ameris operates 164 financial centers across the Southeast and serves customers nationwide through select lending channels. The company manages $26.5 billion in assets as of June 30, 2024. Ameris Bank offers a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services.
Ameris Bank's Corporate Information Security Officer, Jorge Perez, has been named to the prestigious 2025 HITEC 100 list, which honors the most influential Hispanic professionals in technology. This marks Perez's fourth consecutive year on the list. The HITEC 100 recognizes achievements of top U.S.-based Hispanic technology executives, with the aim of celebrating impactful leadership and inspiring others in the field.
The 2025 HITEC 100 includes leaders from global Fortune 100 firms, with 46% of recipients being Latinas and representing 16 countries. Recipients come from 65 different companies, with 38% being first-time honorees. Nominations are evaluated based on scope of work, contributions to technology, leadership, and efforts to mentor future Hispanic technology leaders.
Ameris Bank has expanded its commercial banking team with two key hires. Bill Kilburg joins as senior vice president, relationship manager, bringing over 25 years of financial services experience, including 20 years in commercial banking with BB&T (now Truist). Patrick Murphy becomes senior vice president, government relationship manager, with 30 years of government banking expertise.
Kilburg, based in Metro Atlanta, is a Florida State University graduate. Murphy, a graduate of Eastern Connecticut State University, is based in Jacksonville and will work throughout Florida. Ameris Bank President Lawton Bassett emphasized that these hires bring invaluable industry expertise, deep knowledge, and practical experience to better serve customers and drive strategic growth.
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