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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 (Nasdaq: ABCB) plans to release its first quarter 2023 financial results after market close on April 27, 2023. CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards will discuss the results during a teleconference at 9:00 a.m. Eastern time on April 28, 2023. The call can be accessed by dialing 1-833-470-1428 with access code 529368. A replay will be available until May 12, 2023, at 1-866-813-9403 using access code 785707. Financial results can also be found on the Investor Relations page.
Ameris Bank has donated $2,055,000 to 15 rural hospitals in Georgia through the Georgia HEART Hospital Program in 2023. Since 2018, Ameris has contributed over $10,000,000 to support rural healthcare. The donations allow each hospital to address its unique needs, ensuring quality healthcare for local communities. The Georgia HEART program works alongside the Georgia Rural Hospital Tax Credit bill to enhance funding for these hospitals. Ameris Bank, part of Ameris Bancorp (Nasdaq: ABCB), manages more than $25.05 billion in assets and operates 164 financial centers across the Southeast.
Ameris Bancorp (ABCB) reported strong financial results for the year ended December 31, 2022, with a net income of $346.5 million, or $4.99 per diluted share. The company's tangible book value rose by 13.9% to $29.92 per share. Total revenue increased 6.3% to $1.09 billion, driven by a 22.1% organic growth in loans, totaling $3.51 billion. Additionally, net interest margin improved by 44bps to 3.76%. However, noninterest income fell 22.2% year-over-year, largely due to decreased mortgage banking activity. Despite economic challenges, the company is well-positioned for growth moving forward.
Ameris Bancorp (Nasdaq: ABCB) announced its plans to release the fourth quarter and full year 2022 financial results on January 26, 2023, after market close. The company's leadership, including CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards, will hold a teleconference on January 27, 2023, at 9:00 a.m. Eastern time to discuss the results. Participants can access the call via phone, and a replay will be available until February 10, 2023. Financial details will also be posted on the Investor Relations page of Ameris Bank's website.
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