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Ameris Bancorp - ABCB STOCK NEWS

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.

News

Brady Gailey Joins Ameris Bank as Executive Director of Corporate Development

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Ameris Bank appoints Brady Gailey as Executive Director of Corporate Development, bringing extensive banking industry experience. Gailey's role includes investor relations, strategic analysis, and financial performance review. Gailey's background in equity research and managing IPOs adds significant value to Ameris Bank's growth strategy.
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Ameris Bank Recognized for Excellence in Small Business Banking

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Ameris Bank wins five Greenwich Excellence Awards for Small Business Banking in 2023, recognizing their outstanding performance in overall satisfaction, cash management, and proactive advice provision. The awards are based on interviews with 28,000 small business executives nationwide, highlighting Ameris Bank's commitment to excellence and customer satisfaction.
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Ameris Bancorp Appoints Claire E. McLean to its Board of Directors

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Ameris Bancorp (ABCB) appoints Claire E. McLean, a seasoned executive in the financial services industry, as a director of the company. Ms. McLean brings deep financial and regulatory experience, having served in various leadership roles in banking, finance, and capital markets. Her appointment is expected to add great value to the company, as stated by Palmer Proctor, CEO of Ameris Bancorp.
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AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

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Ameris Bancorp (ABCB) reported net income of $65.9 million for Q4 2023, a decrease from $82.2 million in Q4 2022. For the full year 2023, net income was $269.1 million, compared to $346.5 million in 2022. Adjusted net income for 2023 was $276.3 million. The net interest margin was 3.54% in Q4 2023, down from 4.03% in Q4 2022. Noninterest income decreased by 11.0% in Q4 2023. The Company's total deposits amounted to $20.71 billion at the end of 2023, with total assets at $25.20 billion. The Company's effective tax rate for 2023 was 24.6%, compared with 23.5% in 2022. Credit quality remains strong, with nonperforming assets as a percentage of total assets at 0.33% at the end of 2023.
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Ameris Bank Launches Ameris Choice Home Mortgage Lending Program

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Ameris Bank launches the Ameris Choice program, offering up to $20,000 in assistance to qualified applicants in Jacksonville, FL for home purchase or refinance. The program allows borrowers to choose how the funds are applied, available for individuals in majority Black and Hispanic census tracts, and aims to provide equitable opportunities for homeownership.
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AMERIS BANCORP ANNOUNCES DATE OF FOURTH QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

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Ameris Bancorp (ABCB) plans to release its Q4 and full year 2023 financial results on January 25, 2024, followed by a teleconference on January 26, 2024. The teleconference will be hosted by CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards to discuss the results and answer questions. The financial information will be available on the Investor Relations page of the Ameris Bank website.
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Clyde Anderson Joins Ameris Bank as Director of Community Lending

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Ameris Bank (Ticker: AMBK) appoints Clyde Anderson as director of Community Lending, aiming to enhance its Community Reinvestment Act (CRA) and Fair Lending programs. Anderson's extensive background in community development, government relations, and the mortgage business aligns with the bank's goal of providing financial peace of mind to customers and communities.
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Ameris Bank Promotes Ross McWilliams to Lead Homebuilder Division

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Ameris Bank has promoted Ross McWilliams to executive vice president and managing director of the banks' Homebuilder Division. This division provides loans and additional banking services for new home construction, lot purchases, and development. McWilliams has over 15 years of experience with Ameris Bank and 30 years in the homebuilding industry. The bank aims to tailor solutions to each customer's specific needs in the face of unique challenges in the homebuilder industry.
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AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2023

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Ameris Bancorp reports net income of $80.1 million for Q3 2023
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Ameris Bank Holds 14th Annual Food Drive

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Ameris Bank continues its annual Helping Fight Hunger food drive for the 14th consecutive year, allowing customers and the public to donate nonperishable food items at any branch location until November 30.
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FAQ

What is the current stock price of Ameris Bancorp (ABCB)?

The current stock price of Ameris Bancorp (ABCB) is $62.81 as of December 20, 2024.

What is the market cap of Ameris Bancorp (ABCB)?

The market cap of Ameris Bancorp (ABCB) is approximately 4.3B.

What services does Ameris Bancorp offer?

Ameris Bancorp offers a wide range of banking services including personal and business banking, checking and savings accounts, mobile banking, and specialized financial services through its retail mortgage, warehouse lending, SBA, and premium finance divisions.

Where is Ameris Bancorp headquartered?

Ameris Bancorp is headquartered in Atlanta, Georgia.

How many locations does Ameris Bank have?

Ameris Bank operates over 164 financial centers across Georgia, Alabama, Florida, North Carolina, and South Carolina.

What are some recent achievements of Ameris Bancorp?

Recent achievements include a net income of $74.3 million for Q1 2024, the launch of the Ameris Choice program, and recognizing employees for extraordinary community service.

What is the Ameris Choice program?

The Ameris Choice program provides up to $20,000 in financial assistance for home purchases or refinancing in Jacksonville, Florida, aiming to support equitable homeownership opportunities.

Who are the recently honored Ameris employees for community service?

The 2024 Volunteer of the Year Award winners are Alicia Rhodes, Jen Pollock, Summer Richmond, and Anderea Williams.

What recent strategic appointments has Ameris Bancorp made?

Ameris Bancorp appointed Brady Gailey as Executive Director of Corporate Development and Claire E. McLean to its Board of Directors, enhancing its strategic and financial planning capabilities.

What is Ameris Bancorp's approach to community involvement?

Ameris Bancorp encourages employees to volunteer and supports various community programs, such as awarding grants to charities chosen by employees recognized for exceptional volunteer work.

How does Ameris Bancorp support its growth?

Ameris Bancorp supports its growth through strategic acquisitions, innovative banking products, and services, and by strengthening investor relations and corporate development.

Where can I learn more about Ameris Bancorp?

You can learn more about Ameris Bancorp by visiting their website at www.amerisbank.com.

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Ameris Bancorp

Nasdaq:ABCB

ABCB Rankings

#1382 Ranked by Market Cap
#1694 Ranked by Dividends

ABCB Stock Data

4.28B
65.45M
5.02%
93.25%
1.31%
Banks - Regional
State Commercial Banks
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United States of America
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