Ameris Bancorp - ABCB STOCK NEWS

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.

Ameris Bancorp (Nasdaq: ABCB) reported a net income of $92.6 million, or $1.34 per diluted share for Q3 2022, compared to $81.7 million or $1.17 per share in Q3 2021. Adjusted net income was $91.8 million ($1.32 per share). The company saw tangible book value increase by 10.4% to $28.62 per share. Net interest income rose by 11.2% to $213.9 million, while net interest margin improved to 3.97%. However, noninterest income fell by 22.1% due to decreased mortgage banking activity.

Ameris Bancorp (Nasdaq: ABCB) will release its Q3 2022 financial results after market close on October 27, 2022. CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards will host a teleconference on October 28, 2022, at 9:00 a.m. Eastern Time to discuss the results. The call can be accessed via phone, with a replay available until November 11, 2022. Financial details will be accessible on the Investor Relations page of the Ameris Bank website.

Ameris Bank has launched the Ameris Down Payment Grant Program, committing $10 million over three years to assist eligible first-time homebuyers with down payment and closing costs. The program offers up to $12,500 in forgivable grants and includes homebuyer education. Designed to aid low-to-moderate income buyers, particularly in underserved and minority communities, this initiative aims to foster homeownership amidst challenging housing market conditions. More information is available at amerisbank.com/grant.

Ameris Bancorp (Nasdaq: ABCB) reported strong financial results for Q2 2022, with net income of $90.1 million ($1.30 per diluted share), up from $88.3 million a year earlier. Adjusted total revenue increased by $14.2 million (5.7%) from the previous quarter. Tangible book value grew to $27.89 per share, a 15.7% annualized increase. The net interest margin improved to 3.66%, with organic loan growth of $1.4 billion (35.1% annualized). While noninterest income saw a slight decline, noninterest expenses decreased by 1.1%.

Ameris Bancorp (Nasdaq: ABCB) will release its second quarter 2022 financial results on July 26, 2022, after market close. CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards will host a teleconference on July 27, 2022, at 9:00 a.m. Eastern time to discuss the results. Interested parties can access the call at 1-844-200-6205 (or 1-929-526-1599 internationally) with the access code 603616. A replay will be available until August 10, 2022. More details will be available on their Investor Relations page.

On May 2, 2022, Ameris Bank announced a donation of $1,805,000 to 18 rural hospitals in Georgia as part of the Georgia HEART Hospital Program. Since 2018, the bank has contributed over $7,800,000 to support rural healthcare. This initiative aims to enhance funding for critical access hospitals, allowing them to allocate resources effectively. The program is linked to the Georgia Rural Hospital Tax Credit, which enables local businesses to support healthcare facilities. Ameris Bancorp manages over $23 billion in assets.