Ameris Bancorp (OQ:ABCB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3490 Piedmont Rd NE Ste 1550 ATLANTA GA 30305-4800 |
| Tel: | N/A |
| Website: | https://www.amerisbank.com |
| IR: | See website |
| Key People | ||
| James B. Miller Chairman of the Board | Doug Strange Executive Vice President and Chief Credit Officer | H. Palmer Proctor Chief Executive Officer, Director |
| Nicole S. Stokes Chief Financial Officer, Corporate Executive Vice President | William D. Mckendry Corporate Executive Vice President, Chief Risk Officer | Michael T. Pierson Corporate Executive Vice President, Chief Governance Officer, Corporate Secretary |
| Lawton E. Bassett Corporate Executive Vice President, Chief Banking Officer, Bank President | Ross L. Creasy Corporate Executive Vice President, Chief Innovation Officer | James A. Lahaise Corporate Executive Vice President, Chief Strategy Officer | Jody L. Spencer Corporate Executive Vice President, Chief Legal Officer |
| Business Overview |
| Ameris Bancorp is a financial holding company, through its subsidiary, Ameris Bank (the Bank) provides a range of banking services to its retail and commercial customers in 164 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. Its segments include the Banking Division, which provides full service financial services, including commercial loans, consumer loans and deposit accounts; the Retail Mortgage Division, which is engaged in origination, sales and servicing of one-to-four family residential mortgage loans; the Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights; the SBA Division is engaged in the origination, sales and servicing of small business administration loans, and the Premium Finance Division engaged in the origination and servicing of commercial insurance premium finance loans. |
| Financial Overview |
| For the three months ended 31 March 2024, Ameris Bancorp interest income increased 11% to $329.5M. Net interest income after loan loss provision increased 8% to $175.9M. Net income increased 23% to $74.3M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Net income benefited from Provision for loan losses decrease of 48% to $25.5M (expense). |
| Employees: | 2,765 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,966M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,314M as of Mar 31, 2024 |
| EBITDA (TTM): | $461.03M as of Mar 31, 2024 |
| Net annual income (TTM): | $283.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $526.26M as of Mar 31, 2024 |
| Shares outstanding: | 69,107,260 as of May 3, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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