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.
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 Bank, a subsidiary of Ameris Bancorp (Nasdaq: ABCB), has been ranked among the Top 10 banks in the U.S. for retail mortgage volume in Q1 2024. This achievement, highlighted by National Mortgage News, is based on data from the Federal Financial Institutions Examination Council. Despite industry declines, Ameris Bank saw an 8% increase in mortgage dollar volume, attributed to expert counsel, quick underwriting decisions, and competitive mortgage rates. Ameris operates 164 financial centers across the Southeast, managing $25.7 billion in assets as of March 31, 2024, and offers a variety of home loan and refinancing options.
On May 22, 2024, Ameris Bank recognized four employees for their exceptional community service. The winners of the 2024 Ameris Volunteer of the Year Awards are: Alicia Rhodes (first place), Jen Pollock (second place), and a tie for third place between Summer Richmond and Anderea Williams. Each winner will receive a grant for their chosen charity from the Ameris Foundation. Ameris Bank, a subsidiary of Ameris Bancorp (Nasdaq: ABCB), operates 164 financial centers across the Southeast and manages $25.7 billion in assets as of March 31, 2024.
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