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Ameris Bancorp (ABCB)
NYSE:ABCB
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Ameris Bancorp
(NYSE:ABCB)
Rating:76Outperform
Price Target:
$69.00
▲(9.06%Upside)
Ameris Bancorp (ABCB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.31B
Dividend Yield1.28%
Average Volume (3M)314.98K
Price to Earnings (P/E)11.6
Beta (1Y)1.27
Revenue Growth7.16%
EPS Growth31.69%
CountryUS
Employees2,045
SectorFinancial
Sector Strength80
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.28
Shares Outstanding68,910,930
10 Day Avg. Volume337,581
30 Day Avg. Volume314,976
Financial Highlights & Ratios
PEG Ratio2.93
Price to Book (P/B)1.10
Price to Sales (P/S)0.00
P/FCF Ratio17.51
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue0.51
Enterprise Value/Gross Profit3.11
Enterprise Value/Ebitda1.65
Forecast
1Y Price Target
$71.33Price Target Upside12.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Ameris Bancorp Business Overview & Revenue Model
Company DescriptionAmeris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. It offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. The company 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 small unsecured personal credit lines. In addition, it originates, administers, and services commercial insurance premium loans and small business administration loans. The company operates 165 full service domestic banking offices and 35 mortgage and loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Atlanta, Georgia.
How the Company Makes MoneyAmeris Bancorp generates revenue primarily through interest income from its loan portfolio, which includes personal loans, business loans, and mortgages. The bank also earns non-interest income through fees and service charges associated with deposit accounts, investment services, and transaction processing. Additionally, Ameris Bancorp benefits from wealth management and advisory services, which contribute to fee income. The company's earnings are further supported by its strategic acquisitions and expansion efforts, enhancing its market presence and customer base in the Southeastern U.S.
Ameris Bancorp Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q1-2025)
| % Change Since: 11.08%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance in profitability, net interest margin expansion, and capital growth. However, there were challenges with increased provisions for credit losses and a decline in non-interest income.Q1-2025 Updates
Positive Updates
Strong Profitability Metrics
Ameris Bancorp reported a 136 ROA, over 2% PPNR ROA, and a return on tangible common equity of over 13% for the first quarter of 2025.
Net Interest Margin Expansion
The net interest margin expanded by 9 basis points to 3.73%, well above most peers, aided by a strong 30% level of non-interest bearing deposits.
Capital and Shareholder Value Growth
Tangible book value grew by over 12.5%, common equity Tier 1 reached 12.9%, and the company repurchased $15 million of stock.
Deposit Growth
Deposits increased by $190 million, a 4% annualized growth, with non-interest bearing deposits growing at a 15% annualized rate.
Negative Updates
Provision for Credit Losses
Recorded a $21.9 million provision for credit losses, increasing the reserve to 1.67% of loans, influenced by a shift in economic forecast weightings.
Decline in Non-Interest Income
Non-interest income decreased by $4.9 million, with reduced gains on the sale of SBA loans ($3.2 million) and a decline in mortgage division revenue ($1.4 million).
Company Guidance
During the Ameris Bancorp's first-quarter conference call for fiscal year 2025, the company provided detailed guidance on its financial performance and strategic focus. The bank reported a strong start with a return on assets (ROA) of 136 and a pre-provision net revenue (PPNR) ROA exceeding 2%. The return on tangible common equity was over 13%, and the net interest margin expanded to 3.73%, supported by a robust 30% level of non-interest-bearing deposits. The efficiency ratio improved by 281 basis points compared to the previous year, reflecting effective expense control. The loan-to-deposit ratio decreased to 94% from 98% a year ago, and concentrations in CRE and construction loans were reduced to 261 and 57, respectively. Capital positions remained strong, with a common equity Tier 1 ratio of 12.9% and tangible common equity (TCE) at 10.8%. The company's tangible book value grew by over 12.5%, and $15 million of stock was repurchased. Deposit growth was reported at 4% annualized, with non-interest-bearing deposits growing at a 15% annualized rate. Looking forward, the bank anticipates mid-single-digit growth in loans and deposits for 2025 and expects the net interest margin to normalize above 3.60% in the coming quarters.Ameris Bancorp Financial Statement Overview
Summary
Ameris Bancorp demonstrates strong financial health with robust profitability metrics, low leverage, and efficient cash flow management. The company's stable revenue growth and profitability indicate a solid foundation. However, there is potential for enhancing shareholder equity and further optimizing cash flow generation.Income Statement
Ameris Bancorp shows strong profitability with a consistent increase in total revenue over the years. The TTM (Trailing-Twelve-Months) gross profit margin stands at 65.0%, and the net profit margin is 22.7%, reflecting efficient cost management. EBIT and EBITDA margins of 30.0% and 32.8% respectively indicate robust operational efficiency. The revenue growth rate from 2024 to TTM is 0.2%, showcasing stability in revenue generation.83
Very Positive
Balance Sheet
The company's balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.11 for TTM, indicating low leverage. The return on equity (ROE) is 9.7%, showing decent profitability relative to shareholder equity. The equity ratio is 14.4%, which is modest but consistent with industry norms. However, there is room for improvement in increasing stockholder equity.78
Positive
Cash Flow
Cash flow analysis reveals strong free cash flow growth with a positive trajectory in operating cash flows. The operating cash flow to net income ratio is 0.68, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is 0.64, suggesting healthy cash flow management. Continued focus on cash flow growth is crucial for long-term sustainability.75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.64B | 1.63B | 1.49B | 1.14B | 1.04B | 1.15B |
| Gross Profit | 1.06B | 1.05B | 899.85M | 976.89M | 1.03B | 912.86M |
| EBITDA | 536.67M | 522.59M | 402.87M | 506.72M | 544.04M | 395.36M |
| Net Income | 372.31M | 358.69M | 269.11M | 346.54M | 376.91M | 261.99M |
Balance Sheet | ||||||
| Total Assets | 26.51B | 26.26B | 25.20B | 25.05B | 23.86B | 20.44B |
| Cash, Cash Equivalents and Short-Term Investments | 2.51B | 2.89B | 2.57B | 2.62B | 4.64B | 3.08B |
| Total Debt | 409.55M | 424.10M | 639.90M | 2.00B | 872.05M | 561.14M |
| Total Liabilities | 22.69B | 22.51B | 21.89B | 21.96B | 21.02B | 17.89B |
| Stockholders Equity | 3.82B | 3.75B | 3.43B | 3.20B | 2.97B | 2.65B |
Cash Flow | ||||||
| Free Cash Flow | 239.74M | 140.72M | 551.43M | 1.05B | -16.31M | 780.28M |
| Operating Cash Flow | 252.47M | 154.19M | 568.96M | 1.06B | 9.14M | 798.40M |
| Investing Cash Flow | -661.50M | -846.68M | -338.19M | -4.87B | -420.98M | -1.20B |
| Financing Cash Flow | 490.18M | 745.56M | -181.59M | 865.53M | 2.36B | 1.90B |
Ameris Bancorp Technical Analysis
Positive
63.27
Price Trends
59.79
Positive
60.12
Positive
62.05
Positive
Market Momentum
0.36
Positive
60.23
Neutral
62.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABCB, the sentiment is Positive. The current price of 63.27 is above the 20-day moving average (MA) of 61.62, above the 50-day MA of 59.79, and above the 200-day MA of 62.05, indicating a bullish trend. The MACD of 0.36 indicates Positive momentum. The RSI at 60.23 is Neutral, neither overbought nor oversold. The STOCH value of 62.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ABCB.
Ameris Bancorp Risk Analysis
Ameris Bancorp disclosed 37 risk factors in its most recent earnings report. Ameris Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ameris Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $4.20B | 10.25 | 17.80% | ― | 15.93% | 0.17% | |
79 Outperform | $4.08B | 9.99 | 15.20% | 2.14% | 4.24% | 0.38% | |
76 Outperform | $4.31B | 11.59 | 10.19% | 1.28% | 7.16% | 31.69% | |
72 Outperform | $4.10B | 18.70 | 14.14% | 1.49% | 11.42% | 7.58% | |
71 Outperform | $4.37B | 14.03 | 7.30% | 4.44% | 26.09% | -19.05% | |
67 Neutral | $16.42B | 11.19 | 9.71% | 4.02% | 11.97% | -10.50% | |
64 Neutral | $3.65B | 45.26 | 4.22% | 8.70% | 8.99% | 3.89% |
* Financial Sector Average
Performance Comparison
ABCB
Ameris Bancorp
63.27
15.33
31.98%
BANF
BancFirst
122.84
38.98
46.48%
AX
Axos Financial
75.14
20.32
37.07%
IBOC
International Bancshares
65.34
11.18
20.64%
TFSL
TFS Financial
12.96
1.57
13.78%
AUB
Atlantic Union Bankshares
31.19
0.78
2.56%
Ameris Bancorp Corporate Events
Executive/Board ChangesShareholder Meetings
Ameris Bancorp Holds Annual Shareholders Meeting
Neutral
Jun 6, 2025
On June 5, 2025, Ameris Bancorp held its Annual Meeting of Shareholders, where 88.25% of the shares were represented. During the meeting, shareholders elected ten members to the Board of Directors, ratified KPMG LLP as the independent registered public accounting firm for 2025, and approved the compensation of the company’s executive officers.
The most recent analyst rating on (ABCB) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on Ameris Bancorp stock, see the ABCB Stock Forecast page.
Business Operations and StrategyFinancial Disclosures
Ameris Bancorp Reports Strong Q1 2025 Financial Results
Positive
Apr 28, 2025
Ameris Bancorp reported strong financial results for the first quarter of 2025, with net income of $87.9 million, a 12.5% annualized growth in tangible book value, and a net interest margin expansion to 3.73%. The company saw growth in noninterest-bearing deposits, representing 30.8% of total deposits, and improved its tangible common equity ratio to 10.78%. Despite economic uncertainties, Ameris Bancorp remains focused on customer service, balance sheet management, and operational efficiency, positioning itself well for future growth in its Southeast markets.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.