Stock Analysis Report

Executive Summary

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina.



High growth potential with excellent balance sheet.

Similar Companies

Share Price & News

How has Ameris Bancorp's share price performed over time and what events caused price changes?

Latest Share Price and Events

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: ABCB underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: ABCB underperformed the US Market which returned 6.7% over the past year.

Share holder returns

7 Day0.5%1.4%1.0%
30 Day1.2%-2.6%-1.8%
90 Day5.4%0.8%-1.8%
1 Year-7.7%-8.8%3.1%0.2%9.1%6.7%
3 Year14.7%11.4%52.0%41.5%46.0%36.6%
5 Year73.9%66.3%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Ameris Bancorp's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Ameris Bancorp undervalued based on future cash flows and its price relative to the stock market?


Discount to future cash flow value

Intrinsic Value Based on Future Cash Flows

Undervalued: ABCB ($39.89) is trading below our estimate of fair value ($42.95)

Significantly Undervalued: ABCB is trading below fair value, but not by a significant amount.

Price Based on Earnings

PE vs Industry: ABCB is good value based on its PE Ratio (11.6x) compared to the Banks industry average (12.5x).

PE vs Market: ABCB is good value based on its PE Ratio (11.6x) compared to the US market (17.5x).

Price Based on Expected Growth

Low PEG Ratio: ABCB is good value based on its PEG Ratio (0.3x)

Price Based on Value of Assets

PB vs Industry: ABCB is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).

Next Steps

Future Growth

How is Ameris Bancorp expected to perform in the next 1 to 3 years based on estimates from 5 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: ABCB's forecast earnings growth (45.8% per year) is above the savings rate (2.7%).

Earnings vs Market: ABCB's earnings (45.8% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ABCB's revenue (28.2% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: ABCB's revenue (28.2% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: Insufficient data to determine if ABCB's Return on Equity is forecast to be high in 3 years time

Next Steps

Past Performance

How has Ameris Bancorp performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: ABCB's earnings have grown significantly by 30.2% per year over the past 5 years.

Accelerating Growth: ABCB's earnings growth over the past year (150.6%) exceeds its 5-year average (30.2% per year).

Earnings vs Industry: ABCB earnings growth over the past year (150.6%) exceeded the Banks industry 31.8%.

Return on Equity

High ROE: ABCB's Return on Equity (10.7%) is considered low.

Return on Assets

ROA vs Industry: ABCB has a higher Return on Assets than the Banks industry average last year.

Return on Capital Employed

ROCE Improving: Insufficient data to calculate ABCB's Return on Capital Employed to determine if it has improved over the past 3 years.

Next Steps

Financial Health

How is Ameris Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: ABCB has a low level of unsold assets or inventory.

Debt Coverage by Assets: ABCB's debt is not covered by short term assets (assets are 0.9x debt).

Financial Institutions Analysis

Asset Level: ABCB's level of assets compared to its equity is low.

Allowance for Bad Loans: ABCB has a low allowance for bad loans.

Low Risk Liabilities: ABCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: ABCB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ABCB's loans are broadly funded by customer deposits.

Level of Bad Loans: ABCB has an appropriate level of bad loans (0.51%)

Next Steps


What is Ameris Bancorp's current dividend yield, its reliability and sustainability?


Expected Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: ABCB's dividend (1.5%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ABCB's dividend (1.5%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: ABCB's dividend payments have been volatile in the past 10 years.

Growing Dividend: ABCB's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.6%), ABCB's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


What is the CEO of Ameris Bancorp's salary, the management and board of directors tenure and is there insider trading?


Average management tenure


H. Proctor (51yo)




Mr. H. Palmer Proctor, Jr., serves as the President, Chief Executive Officer & Director at Ameris Bancorp since July 1, 2019. He serves as the Chief Executive Officer and Director at Ameris Bank since July ...

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: ABCB's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: ABCB's board of directors are considered experienced (5.4 years average tenure).

Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

BuyUS$30,00013 Jun 19
Elizabeth McCague
Member of the Board of Directors
Independent Director
Max PriceUS$37.50
BuyUS$18,34529 Jan 19
William Bowen
Member of the Board of Directors
Independent Director
Max PriceUS$36.69

Ownership Breakdown

Management Team

  • Jim Miller (79yo)

    Executive Chairman

    • Tenure: 0.3yrs
  • H. Proctor (51yo)


    • Tenure: 0.3yrs
  • Andy Cheney (69yo)

    Non-Employee Advisor

    • Tenure: 1.8yrs
    • Compensation: US$922.08k
  • Cindi Lewis (65yo)

    Executive VP

    • Tenure: 13.4yrs
    • Compensation: US$220.10k
  • Nicole Stokes (45yo)

    Executive VP & CFO

    • Tenure: 1.8yrs
    • Compensation: US$701.11k
  • Jody Spencer

    Executive VP & General Counsel

    • Tenure: 0.8yrs
  • Jim LaHaise (58yo)

    Executive VP & Chief Strategy Officer

    • Tenure: 5.3yrs
    • Compensation: US$835.04k
  • Lawton Bassett (50yo)

    Banking Group President

    • Tenure: 3.7yrs
    • Compensation: US$1.03m
  • Angela Redd

    Corporate Executive Assistant

    • Tenure: 3.8yrs
  • Michael Pierson

    EVP & COO

    • Tenure: 0yrs

Board Members

  • Jim Miller (79yo)

    Executive Chairman

    • Tenure: 0.3yrs
  • H. Proctor (51yo)


    • Tenure: 0.3yrs
  • Jimmy Veal (70yo)

    Independent Director

    • Tenure: 11.4yrs
    • Compensation: US$100.00k
  • Robert Lynch (55yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: US$110.00k
  • Dan Jeter (67yo)

    Lead Independent Director

    • Tenure: 12.4yrs
    • Compensation: US$111.25k
  • Beth McCague (69yo)

    Independent Director

    • Tenure: 3.2yrs
    • Compensation: US$108.83k
  • Leo Hill (63yo)

    Independent Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$110.00k
  • Bill Stern (62yo)


    • Tenure: 5.9yrs
    • Compensation: US$100.00k
  • Robert Ezzell (69yo)


    • Tenure: 9.4yrs
    • Compensation: US$100.83k
  • William Bowen (54yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$100.00k

Company Information

Ameris Bancorp's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Ameris Bancorp
  • Ticker: ABCB
  • Exchange: NasdaqGS
  • Founded: 1971
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.767b
  • Shares outstanding: 69.36m
  • Website:

Number of Employees


  • Ameris Bancorp
  • 310 First Street, SE
  • Moultrie
  • Georgia
  • 31768
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABCBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 1994


Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:58
End of Day Share Price2019/10/11 00:00
Annual Earnings2018/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.


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