Welcome to our dedicated page for Ameris Bancorp news (Ticker: ABCB), a resource for investors and traders seeking the latest updates and insights on Ameris Bancorp stock.
Company Overview
Ameris Bancorp is a well-established bank holding company with a rich history that dates back to 1971. It operates through its principal subsidiary, Ameris Bank, which has consistently combined character, service, and value with innovative financial solutions. The organization has built its reputation on the provision of traditional banking services tailored to meet the needs of both consumer and business clients. With decades of experience, Ameris Bancorp is recognized for its commitment to maintaining strong community ties and delivering exceptional customer experiences, making it a resilient player in the competitive landscape of regional banking.
Business Divisions and Core Services
Ameris Bancorp’s operations are organized into multiple segments that underscore its diversified business model. These include:
- Banking Division: The primary revenue generator, offering a full spectrum of services such as personal and business banking, checking, and savings accounts.
- Retail Mortgage Division: Focused on providing comprehensive mortgage and refinancing services, aiding homebuyers and investors alike.
- Warehouse Lending Division: Specializes in providing liquidity solutions and financing frameworks for clients who require warehouse credit facilities.
- Premium Finance Division: Offers specialized financing services that cater to unique industry needs, bridging gaps in traditional lending solutions.
The extensive suite of offerings not only reinforces its market presence but also underlines its capability to adapt to varying financial demands while ensuring stability and service excellence.
Geographical Footprint and Market Position
Headquartered in Atlanta, Georgia, Ameris Bancorp has a robust regional presence with a network of full‐service branches spread across Georgia, Alabama, Florida, and South Carolina. This distribution enables the company to effectively serve a diverse customer base in key southeastern markets. Its strategic focus on this region provides a platform for continued asset growth and expansion through the targeted acquisition of banks in its vicinity, thereby enhancing market share and broadening its service footprint beyond traditional confines.
Operational Strengths and Financial Resilience
Ameris Bancorp emphasizes a disciplined approach to financial management, reflected in its consistent profitability over multiple quarters. The company has demonstrated an aptitude for maintaining a strong balance sheet, driven by solid net interest income and a manageable cost structure. By leveraging its history of steady asset growth and robust credit quality, the organization positions itself as a stabilizing force in the often volatile financial services industry.
Commitment to Customer Experience and Community Banking
Integrity and personalized service have always been at the heart of Ameris Bancorp’s operations. The bank’s commitment to delivering exceptional customer experiences is grounded in its community banking roots. This focus not only differentiates it from larger, more impersonal financial institutions but also fosters customer loyalty and long-term relationships. By staying true to its original ethos while integrating modern banking innovations, the company maintains a sustainable competitive advantage in its market.
Industry Expertise and Innovative Solutions
In addition to traditional banking and mortgage services, Ameris Bancorp continually adapts to the evolving financial environment by introducing innovative products and leveraging technology to enhance its service offerings. The firm’s strategic initiatives are designed to create a seamless banking experience that combines personalized service with state-of-the-art digital solutions. This blend of old-world trust and modern efficiency underscores the company’s commitment to excellence and signals its deep industry knowledge.
Competitive Landscape and Distinguishing Attributes
Operating in a competitive market that includes both regional and national financial institutions, Ameris Bancorp differentiates itself through its unwavering commitment to community values and consistent performance metrics. Its diversified revenue model, which includes traditional banking, retail mortgage services, and specialized lending, provides resilience against market fluctuations. The company’s ability to enhance shareholder value while increasing tangible book value speaks to its strong operational discipline and focus on sustainable growth.
Summary
Ameris Bancorp stands as a testament to the enduring power of community banking. With a rich legacy, a diversified suite of financial services, and a clear focus on customer-centric solutions, the company exemplifies how traditional banking can evolve without losing sight of its core principles. The well-structured business model, combined with operational prudence and a commitment to service, positions Ameris Bancorp as a significant institution in its regional market, well-equipped to address the financial needs of both individual and business clients.
Ameris Bank (ABCB) has announced a donation of $1.694 million to 17 rural hospitals across Georgia through the Georgia HEART Hospital Program in 2025. This represents the bank's eighth consecutive year participating in the state income tax credit program, bringing their total contributions to $14.6 million.
The donations will benefit healthcare facilities across 17 counties, including Colquitt Regional Medical Center, Liberty Regional Medical Center, Southeast Georgia Health System, Higgins General Hospital, and Dodge County Hospital. The Georgia Rural Hospital Tax Credit program, established in 2017, allows Georgia businesses and taxpayers to redirect their state income tax liability to support eligible hospitals.
Ameris Bank (ABCB) has announced a $2 million contribution to the Florida Housing Finance 's Live Local Program, which provides low-interest loans for affordable housing development in Florida. The program, administered by the State Apartment Incentive Loan Program (SAIL), offers taxpayers dollar-for-dollar credit against Florida corporate income tax or insurance premium tax.
CEO Palmer Proctor emphasized the initiative's focus on supporting workers seeking housing near their workplace, as well as addressing the needs of elderly and low-income families affected by housing availability.
Ameris Bancorp (NYSE: ABCB) reported strong Q4 2024 financial results with net income of $94.4 million, or $1.37 per diluted share, up from $65.9 million in Q4 2023. Key highlights include:
- Total revenue growth of 9.8% annualized
- Net interest income increase of $7.7 million to $222.8 million
- Net interest margin expansion to 3.64%
- Efficiency ratio of 52.26%
- 33.3% dividend increase to $0.20 per share
For full-year 2024, the company achieved:
- Net income of $358.7 million ($5.19 per diluted share)
- ROA of 1.38%
- Total deposits increase of $1.01 billion (4.9%)
- Tangible book value growth of 14.7% to $38.59
- Net charge-offs declined to 0.19% of average total loans
Ameris Bank (ABCB) has announced multiple strategic hires and promotions across its Commercial Banking team in key Southeast markets. Key appointments include John Krusoe as Tampa market president, Andrew Hebert as senior commercial relationship manager in Orlando, and Thomas McTier II as senior middle market relationship manager in Charlotte.
In Atlanta, the bank promoted Chap Bennett to managing director of the Homebuilder Division and Scott Cleveland to north Atlanta market president. Other notable hires include William Brown in Charlotte, Era Kohli and William Wideman in Atlanta's business banking team.
These appointments strengthen Ameris Bank's commercial banking capabilities across various sectors including agribusiness, healthcare, professional services, and manufacturing. The bank's strategy focuses on enhancing its presence in high-growth Southeast markets through experienced leaders with local market expertise.
Ameris Bancorp (NYSE: ABCB) has earned a spot on Forbes' inaugural list of America's Best Companies 2025. The selection process involved analyzing over 60 metrics, including customer sentiment, public trust, cybersecurity, employee satisfaction, workforce stability, and financial strength.
CEO Palmer Proctor, Jr. attributed this recognition to the team's dedication to excellent customer service while maintaining strong performance metrics. The bank operates more than 200 locations across the Southeast and Mid-Atlantic regions, offering comprehensive financial services including mortgage loans, retail banking, credit cards, business banking, and treasury services.
The bank combines technology-driven solutions with personalized service, featuring both physical branches and digital banking options. Ameris Bancorp was selected among thousands of companies for Forbes' Top 300 list, which Forbes describes as a 'definitive ranking of company quality.'
Ameris Bancorp (NYSE: ABCB) has scheduled its fourth quarter and full year 2024 financial results announcement for January 30, 2025, after market close. The company will host a teleconference on January 31, 2025, at 9:00 a.m. Eastern time, featuring CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and CCO Douglas D. Strange.
Investors can access the conference call by dialing 1-844-481-2939, with a replay available until February 7, 2025, at 1-877-344-7529 using access code 2270789. The presentation will also be available via webcast on the Ameris Bank Investor Relations website.
Ameris Bank, headquartered in Atlanta, Georgia, operates 164 financial centers across the Southeast and manages $26.4 billion in assets as of September 30, 2024. The bank offers traditional banking services, treasury management, insurance premium financing, and mortgage services.
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.
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