Ameris Bancorp - ABCB STOCK NEWS

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.

Ameris Bank (ABCB) has appointed Jorge Perez as its new Corporate Information Security Officer (CISO), reporting to Chief Information Officer Ross Creasy. Perez brings extensive experience in cybersecurity, having previously served as CISO of Wholesale Banking, Enterprise Payments, and Core Technology & Operations at Truist Financial. His background includes roles at InterContinental Hotels Group and KPMG , focusing on cyber security services. Perez holds a bachelor's degree in business administration from Florida International University and has been recognized among the 100 most influential Hispanic professionals in the technology industry for three consecutive years.

Ameris Bancorp (NYSE: ABCB) reported strong financial results for Q2 2024, with net income of $90.8 million ($1.32 per diluted share) and adjusted net income of $80.8 million ($1.17 per diluted share). Key highlights include:

- Net interest margin improved to 3.58% from 3.51% in Q1 2024
- Organic loan growth of $392.3 million (7.7% annualized)
- Total deposit growth of $446.8 million (8.6% annualized)
- Tangible book value increased by $1.27 per share (14.8% annualized) to $35.79
- TCE ratio improved to 9.72% from 8.80% a year ago
- Allowance for loan losses increased to 1.60% of loans

The company achieved margin expansion, growth in net interest income, and an increase in core deposits, resulting in a PPNR ROA exceeding 2%. Management remains optimistic about future performance, driven by a strong balance sheet and thriving Southeastern markets.

Ameris Bancorp (Nasdaq: ABCB) announced a strategic move to transfer its common stock listing from Nasdaq to the New York Stock Exchange (NYSE). This transition is set to occur on July 23, 2024, with Ameris continuing to trade under the ticker symbol 'ABCB'. The company's stock will trade on Nasdaq until the close of business on July 22, 2024. Ameris's leadership team, including CEO Palmer Proctor, will celebrate the listing transfer by ringing the NYSE Opening Bell. The shift is aimed at enhancing Ameris's visibility and market position. Ameris Bancorp, headquartered in Atlanta, Georgia, manages $25.7 billion in assets and operates 164 financial centers across the Southeast.

The National Association of Hispanic Real Estate Professionals has named three Ameris Bank mortgage originators to its 2024 Top 250 Mortgage Originators List. Armando SanMiguel ranked #1 in the Midwest and #2 nationally, while Jesse Esqueda and Carlos Adorno ranked #24 and #41 in the Southeast, respectively. Ameris Bank President Robert Odom expressed pride in the professionals' achievements and their commitment to customer care. SanMiguel, based in Nashville, TN, emphasizes smooth loan processing, while Esqueda and Adorno, both based in Lawrenceville, GA, focus on client needs and partnerships with real estate agents. Ameris Mortgage operates across eight states, offering various loan programs to support homeownership.

Ameris Bancorp (Nasdaq: ABCB) will release its second-quarter 2024 earnings after market close on July 25, 2024. A teleconference to discuss these results will be hosted by CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Douglas D. Strange at 9:00 a.m. Eastern time on July 26, 2024. It can be accessed by dialing 1-844-481-2939, with a replay available until August 2, 2024. Financial details will be posted on Ameris Bank's Investor Relations page. As of March 31, 2024, Ameris manages $25.7 billion in assets and operates 164 financial centers across the Southeast.

Ameris Bank announced a $2.23 million donation to 40 rural hospitals in Georgia through the Georgia HEART Hospital Program for 2024. This initiative, part of their ongoing participation since 2018, has cumulatively surpassed $12 million in contributions. CEO Palmer Proctor emphasized the importance of supporting rural healthcare, allowing hospitals to allocate funds as needed. Notably, many benefiting hospitals are outside Ameris' physical service areas, showcasing the bank's statewide commitment. With over $4 million donated in 2023 and 2024 combined, the bank's involvement in the Georgia Rural Hospital Tax Credit program continues to grow.