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Ameris Bancorp

Financial Services US ABCB

63.58USD
0.58(0.92%)

Last update at 2024-12-24T20:30:00Z

Day Range

62.7863.69
LowHigh

52 Week Range

43.6274.56
LowHigh

Fundamentals

  • Previous Close 63.00
  • Market Cap4665.46M
  • Volume127243
  • P/E Ratio14.13
  • Dividend Yield0.88%
  • Revenue TTM1046.98M
  • Revenue Per Share TTM15.21
  • Gross Profit TTM 991.97M
  • Diluted EPS TTM4.78

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 453.10M 496.11M 340.24M 211.58M 151.49M
Minority interest - - - - -
Net income 346.54M 376.91M 261.99M 161.44M 121.03M
Selling general administrative 319.72M 337.78M 360.28M 223.94M 149.29M
Selling and marketing expenses 12.48M 8.43M 8.05M 7.93M 5.57M
Gross profit 1085.42M 1017.33M 1079.15M 699.20M 457.79M
Reconciled depreciation 19.74M 14.96M 55.11M 41.10M 19.53M
Ebit 545.96M 496.11M 340.24M 211.58M 231.44M
Ebitda 565.70M 511.08M 359.86M 229.30M 240.95M
Depreciation and amortization 19.74M 14.96M 19.61M 17.71M 9.51M
Non operating income net other - - - - -
Operating income 545.96M 496.11M 340.24M 211.58M 221.42M
Other operating expenses -539.46300M -521.22100M -738.90300M -487.61300M -236.36400M
Interest expense 92.86M 47.78M 88.75M 131.23M 69.93M
Tax provision 106.56M 119.20M 78.26M 50.14M 30.46M
Interest income 893.89M 703.11M 726.50M 636.39M 413.33M
Net interest income 801.03M 655.33M 637.75M 505.17M 343.39M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 106.56M 119.20M 78.26M 50.14M 30.46M
Total revenue 1085.42M 1017.33M 1079.15M 699.20M 457.79M
Total operating expenses -539.46300M -521.22100M -738.90300M -487.61300M -236.36400M
Cost of revenue - - - - 86.60M
Total other income expense net -92.86000M -47.78500M -88.75000M -131.22800M -69.93400M
Discontinued operations - - - - -
Net income from continuing ops 346.54M 376.91M 418.50M 161.44M 121.03M
Net income applicable to common shares 346.54M 376.91M 261.99M 161.44M 121.03M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 25312.83M 25053.29M 23858.32M 20438.64M 18242.58M
Intangible assets 87.95M 106.19M 125.94M 71.97M 91.59M
Earning assets - - - - 3502.90M
Other current assets 1173.50M 469.08M 20916.91M 15124.25M 13514.84M
Total liab 21886.08M 21855.89M 866.21M 549.50M 1526.27M
Total stockholder equity 3426.75M 3197.40M 2966.45M 2647.09M 2469.58M
Deferred long term liab - - - - -
Other current liab 9824.70M - 19665.55M 16957.82M 15375.85M
Common stock 72.52M 72.26M 72.02M 71.75M 71.50M
Capital stock 72.52M 72.26M 72.02M 71.75M 71.50M
Retained earnings 1539.96M 1311.26M 1006.44M 671.51M 507.95M
Other liab - 319.43M 354.26M 272.59M 152.29M
Good will 1015.65M 1015.65M 1012.62M 928.00M 931.64M
Other assets 0.00000M 20180.62M 20916.91M 17018.21M 13866.05M
Cash 1167.30M 284.57M 264.81M 203.60M 246.48M
Cash and equivalents - - - - -
Total current liabilities 9835.95M 20928.64M 79.85M 33.31M 15375.85M
Current deferred revenue - - - - -
Net debt -468.88200M 1719.49M 601.40M 345.90M 1279.79M
Short term debt 11.24M - 79.85M - 1125.00M
Short long term debt - - - - 0.00000M
Short long term debt total 698.42M 2004.06M 866.21M 549.50M 1526.27M
Other stockholder equity 1850.21M 1860.38M 1872.41M 1870.32M 1872.14M
Property plant equipment - 276.62M 225.40M 222.89M 272.42M
Total current assets 1173.50M 1784.63M 857.43M 1186.48M 1649.89M
Long term investments 1616.25M 1745.92M 720.02M 2178.74M 1470.32M
Net tangible assets - 2075.56M 1827.89M 1647.11M 1446.36M
Short term investments 1402.94M 1500.06M 592.62M 982.88M 1403.40M
Net receivables - - - 14281.50M -
Long term debt 639.90M 2004.06M 866.21M 549.50M 1526.27M
Inventory - 0.84M 3.89M 12.42M 19.50M
Accounts payable - 19462.74M 19665.55M 16957.82M 14027.07M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -35.93900M -46.50700M 15.59M 33.51M 18.00M
Additional paid in capital - - - - -
Common stock total equity - - 72.02M 71.75M 71.50M
Preferred stock total equity - - - - -
Retained earnings total equity - - 1006.44M 671.51M -
Treasury stock - - -52.40500M -42.96600M -34.97100M
Accumulated amortization - - - - -
Non currrent assets other 21316.61M -3088.03900M -2083.98100M -2233.95000M -2726.64700M
Deferred long term asset charges - - - - -
Non current assets total 24139.33M 3088.04M 2083.98M 2233.95M 2726.65M
Capital lease obligations - - - - -
Long term debt total - - 866.21M 549.50M 397.15M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -4874.53000M 266.37M 542.39M -487.08700M 35.80M
Change to liabilities 0.00000M 5.83M -18.09800M 0.00000M 6.44M
Total cashflows from investing activities -4874.53000M -420.98400M -1200.72600M -487.08700M -53.31400M
Net borrowings 1129.58M -302.12100M -987.65900M 1073.13M -324.51200M
Total cash from financing activities 865.53M 2359.20M 1897.79M 1369.62M 510.99M
Change to operating activities -6.07900M -6.31300M -106.39900M 47.79M -5.01300M
Net income 346.54M 376.91M 261.99M 161.44M 121.03M
Change in cash -2946.52500M 1947.35M 1495.46M -57.67800M 348.87M
Begin period cash flow 4064.66M 2117.31M 621.85M 679.53M 330.66M
End period cash flow 1118.13M 4064.66M 2117.31M 621.85M 679.53M
Total cash from operating activities 1062.47M 9.14M 798.40M -940.21100M -108.80300M
Issuance of capital stock - - - 0.00000M 0.00000M
Depreciation 50.80M 47.93M 55.11M 41.10M 19.53M
Other cashflows from investing activities -49.89900M -148.69100M -1725.00100M -99.81100M -79.10800M
Dividends paid -41.61000M -41.79800M -41.68500M -24.67500M -16.40500M
Change to inventory - 7.00M -12.06200M -3.59700M 4.03M
Change to account receivables -20.12500M 19.34M -23.89200M -15.39200M -10.96500M
Sale purchase of stock -22.42100M -9.43900M -7.99500M -18.41000M -2.06200M
Other cashflows from financing activities 3744.14M 2706.76M 10129.11M 5554.05M 2373.71M
Change to netincome 686.16M -435.73100M 310.37M -1171.54600M -245.39600M
Capital expenditures 13.57M 25.45M 18.12M 11.58M 10.01M
Change receivables - 19.34M -23.89200M - -10.96500M
Cash flows other operating - -0.60300M 232.65M - 0.56M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 1947.35M 1495.46M - 348.87M
Change in working capital -21.02700M 20.03M -142.35300M 29.30M -11.94600M
Stock based compensation 6.71M 7.95M 3.81M 3.42M 6.24M
Other non cash items 715.13M -482.09000M 627.77M -1198.29900M -245.02500M
Free cash flow 1048.90M -16.30800M 780.28M -951.79200M -118.81200M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
ABCB
Ameris Bancorp
0.58 0.92% 63.58 14.13 13.32 4.46 1.27 4.80
HDB
HDFC Bank Limited ADR
0.07 0.11% 65.19 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
0.55 2.18% 25.76 6.61 5.68 0.48 0.77 3.43
CIHHF
China Merchants Bank Co Ltd Class H
- -% 4.88 6.10 5.67 0.44 0.77 3.43
IBN
ICICI Bank Limited
0.03 0.10% 30.52 17.79 16.95 0.07 3.08

Reports Covered

Stock Research & News

Profile

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans, equipment finance loans, and small business administration loans. It operates full service domestic banking offices, and mortgage and loan production offices. The company was founded in 1971 and is headquartered in Atlanta, Georgia.

Ameris Bancorp

3490 Piedmont Road NE, Atlanta, GA, United States, 30305

Key Executives

Name Title Year Born
Mr. James B. Miller Jr. Exec. Chairman 1940
Mr. H. Palmer Proctor Jr. CEO & Director 1968
Mr. Lawton E. Bassett III Group Pres & Chief Banking Officer 1969
Ms. Nicole S. Stokes CPA Corp. Exec. VP & CFO 1974
Mr. James Allan LaHaise III Corp. Exec. VP & Chief Strategy Officer 1961
Mr. Jody L. Spencer Esq., J.D. Corp. Exec. VP & Chief Legal Officer 1973
Mr. William D. McKendry Corp. Exec. VP & Chief Risk Officer 1970
Mr. Ross L. Creasy Corp. Exec. VP & Chief Innovation Officer 1975
Mr. Michael T. Pierson Corp. Exec. VP, Chief Governance Officer & Corp. Sec. 1971
Randall Chumley VP of Wholesale Services NA

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