Stay Up to Date with the Latest Ameris Bancorp News and Analysis

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To stay on top of the latest Ameris Bancorp news and analysis, consider the following sources.

Ameris Bancorp's quarterly earnings reports are a great place to start, as they provide a snapshot of the company's financial performance and any notable developments.

The Federal Reserve's regulatory actions and decisions can also impact Ameris Bancorp's operations and stock price.

The company's investor relations website is a valuable resource for staying informed about upcoming events, such as earnings calls and investor conferences.

Financial Results

Ameris Bancorp has consistently reported strong financial results over the past year. Net income for the third quarter of 2022 was $92.6 million, or $1.34 per diluted share.

The company's financial results have been impressive, with net income for the second quarter of 2022 reaching $90.1 million, or $1.30 per diluted share. Ameris Bancorp has a substantial asset base, with $26.4 billion in assets as of September 30, 2024.

Ameris Bancorp has also demonstrated a strong regional presence, with 164 financial centers across the Southeast. The company has a long history of financial stability, with consistent quarterly dividends paid to shareholders.

Third Quarter 2022

Credit: youtube.com, ROVI Financial Results. Third quarter 2022

In the third quarter of 2022, Ameris Bancorp reported a net income of $92.6 million.

Ameris Bancorp's net income per diluted share was $1.34.

The company announced its third quarter 2022 financial results in a press release, which was issued on October 27, 2022.

Second Quarter 2022

Ameris Bancorp announced its financial results for the second quarter of 2022, with a net income of $90.1 million.

This is a notable increase, and the company also reported earnings of $1.30 per diluted share.

The company's financial results were announced on July 26, 2022, at 16:05 ET.

Ameris Bancorp is listed on the Nasdaq under the ticker symbol ABCB.

The company intends to release its second quarter 2022 financial results in a press release.

Q1 2022

In Q1 2022, Ameris Bancorp reported a net income of $81.7 million.

The company's diluted earnings per share for the quarter were $1.17.

Ameris Bancorp announced its intention to release its Q1 2022 financial results in a press release.

The company's results for the first quarter of 2022 were highlighted in a press release dated April 26, 2022.

Quarterly Dividend Increase

Credit: youtube.com, VOX ANNOUNCES RECORD 2022 FINANCIAL RESULTS AND INCREASES QUARTERLY DIVIDEND

Ameris Bancorp recently announced a significant increase in its quarterly dividend, marking a 33.3% increase from $0.15 to $0.20 per share. This change will be effective for shareholders as of December 31, 2024.

The dividend will be payable on January 6, 2025, to shareholders of record as of December 31, 2024. This increase reflects the company's strong financial performance and commitment to returning value to its shareholders.

Ameris Bancorp has a substantial asset base of $26.4 billion as of September 30, 2024, which provides a solid foundation for future growth and dividend payments. The company's regional presence is also notable, with 164 financial centers operating across the Southeast.

The dividend increase is a positive sign for investors, indicating the company's confidence in its financial prospects. The new quarterly dividend of $0.20 per share represents a significant boost to shareholder value.

Here are the key details of the dividend increase:

  • 33.3% increase in quarterly dividend from $0.15 to $0.20 per share
  • Substantial asset base of $26.4 billion as of September 30, 2024
  • Strong regional presence with 164 financial centers

Insider Ownership

Ameris Bancorp's insiders own about US$269m worth of shares, which is a significant percentage of the company.

Credit: youtube.com, Settlement with Ameris Bank leads to program to address Redlining

This level of insider ownership is a good sign, as it suggests that management is thinking about the best interests of shareholders.

Having insiders with a vested interest in the company's performance can lead to more informed decision-making.

About 5.6% of Ameris Bancorp is owned by insiders, which is a notable amount.

This high level of insider ownership can help ensure that management prioritizes shareholder interests.

Recommended read: Millennium Management News

Company News

Ameris Bancorp has been making headlines lately, and we're excited to share the latest company news with you.

The company announced a significant expansion of its operations in the Southeast, with plans to open new branches in several key markets.

Ameris Bancorp has been actively growing its presence in the region, with a focus on providing exceptional customer service and community support.

In 2022, the company reported a net income of $142.4 million, a notable increase from the previous year.

Ameris Bancorp has a strong commitment to its customers, with a focus on delivering personalized banking solutions and exceptional customer experience.

The company's leadership team has been recognized for its expertise and vision, with several executives receiving industry awards and recognition.

Analyst Insights

Credit: youtube.com, Ameris Bancorp (ABCB|$4.5B) - 2024 Q4 & Full Year Earnings Analysis

Ameris Bancorp has received upgrades and price target updates from various analysts. Raymond James upgraded Ameris Bancorp from Mkt Perform to Outperform and set a new price target of $67.00 on October 28, 2024.

DA Davidson upgraded Ameris Bancorp from Neutral to Buy with a price target of $44.00 on October 10, 2023. Stephens initiated coverage of Ameris Bancorp with a rating of Equal-Weight and set a new price target of $41.00 on April 4, 2023.

The board of directors of Ameris Bancorp declared a dividend of $0.20 per share, an increase of $0.05 or 33.3% from the previous quarterly dividend of $0.15 per share.

Ameris Bancorp's recent financial results show net income of $94.4 million, or $1.37 per diluted share, and adjusted net income of $95.1 million, or $1.38 per diluted share, for the fourth quarter of 2024.

Here is a summary of the recent analyst ratings for Ameris Bancorp:

Ameris Bancorp's management team will host a teleconference on January 31, 2025, to discuss the company's results and answer questions. The conference call can be accessed by dialing 1-844-481-2939.

Frequently Asked Questions

How stable is Ameris Bank?

Ameris Bank is a financially strong institution with over $20 billion in assets and a 50-year history of stability. With 200+ locations, you can trust that Ameris Bank is a reliable partner for your financial needs.

Who did Ameris Bank merge with?

Ameris Bank acquired Fidelity, adding 62 locations to its network. This acquisition expanded Ameris Bank's presence in the Southeast.

How many employees does Ameris Bancorp have?

As of December 31, 2023, Ameris Bancorp has approximately 2,765 employees. For more information about the company, visit our website.

Krystal Bogisich

Lead Writer

Krystal Bogisich is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for storytelling, she has established herself as a versatile writer capable of tackling a wide range of topics. Her expertise spans multiple industries, including finance, where she has developed a particular interest in actuarial careers.

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