Ameris Bancorp
Market Cap
US$1.8b
Last Updated
2020/10/20 00:52 UTC
Data Sources
Company Financials +
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
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
Stable Share Price: ABCB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
ABCB
-3.3%
US Banks
-2.4%
US Market
1 Year Return
-39.4%
ABCB
-29.0%
US Banks
18.2%
US Market
Return vs Industry: ABCB underperformed the US Banks industry which returned -28% over the past year.
Return vs Market: ABCB underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| ABCB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | -3.3% | -2.4% |
| 30 Day | 12.5% | -0.2% | 4.2% |
| 90 Day | 15.3% | -1.1% | 6.3% |
| 1 Year | -37.9%-39.4% | -26.4%-29.0% | 20.9%18.2% |
| 3 Year | -44.2%-46.6% | -19.4%-26.1% | 41.2%31.8% |
| 5 Year | -10.8%-16.1% | 16.5%2.0% | 84.8%63.9% |
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
2 weeks ago | Simply Wall St
Read This Before Buying Ameris Bancorp (NASDAQ:ABCB) Shares1 month ago | Simply Wall St
Ameris Bancorp's (NASDAQ:ABCB) Shareholders Are Down 43% On Their Shares2 months ago | Simply Wall St
Analysts' Revenue Estimates For Ameris Bancorp (NASDAQ:ABCB) Are Surging HigherValuation
Is Ameris Bancorp undervalued compared to its fair value and its price relative to the market?
9.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ABCB ($25.88) is trading below our estimate of fair value ($28.52)
Significantly Below Fair Value: ABCB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ABCB is poor value based on its PE Ratio (13.4x) compared to the US Banks industry average (9.9x).
PE vs Market: ABCB is good value based on its PE Ratio (13.4x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: ABCB is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: ABCB's PB Ratio (0.7x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is Ameris Bancorp forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
18.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABCB's forecast earnings growth (18.8% per year) is above the savings rate (2.2%).
Earnings vs Market: ABCB's earnings (18.8% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: ABCB's earnings are forecast to grow, but not significantly.
Revenue vs Market: ABCB's revenue is expected to decline over the next 3 years (-4.1% per year).
High Growth Revenue: ABCB's revenue is forecast to decline over the next 3 years (-4.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ABCB's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has Ameris Bancorp performed over the past 5 years?
27.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABCB has a high level of non-cash earnings.
Growing Profit Margin: ABCB's current net profit margins (16.7%) are lower than last year (32.2%).
Past Earnings Growth Analysis
Earnings Trend: ABCB's earnings have grown significantly by 27% per year over the past 5 years.
Accelerating Growth: ABCB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ABCB had negative earnings growth (-18%) over the past year, making it difficult to compare to the Banks industry average (-3%).
Return on Equity
High ROE: ABCB's Return on Equity (5.5%) is considered low.
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
Financial Institutions Analysis
Asset Level: ABCB's Assets to Equity ratio (8.1x) is low.
Allowance for Bad Loans: ABCB has a sufficient allowance for bad loans (225%).
Low Risk Liabilities: 90% of ABCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: ABCB has an appropriate level of Loans to Assets ratio (72%).
Low Risk Deposits: ABCB's Loans to Deposits ratio (92%) is appropriate.
Level of Bad Loans: ABCB has an appropriate level of bad loans (0.6%).
Next Steps
Dividend
What is Ameris Bancorp current dividend yield, its reliability and sustainability?
2.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABCB's dividend (2.32%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: ABCB's dividend (2.32%) is low compared to the top 25% of dividend payers in the US market (4.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ABCB has been paying a dividend for less than 10 years.
Growing Dividend: ABCB's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31%), ABCB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ABCB's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
H. Proctor (52 yo)
1.25yrs
Tenure
US$1,579,381
Compensation
Mr. H. Palmer Proctor, Jr., serves as the Chief Executive Officer and Director at Ameris Bancorp since July 1, 2019 and was its President since July 1, 2019 until October 2019. He serves as the Chief Execu ...
CEO Compensation Analysis
Compensation vs Market: H.'s total compensation ($USD1.58M) is below average for companies of similar size in the US market ($USD4.44M).
Compensation vs Earnings: Insufficient data to compare H.'s compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.25yrs | US$1.15m | 3.22% $ 57.8m | |
| CEO & Director | 1.25yrs | US$1.58m | 0.68% $ 12.2m | |
| Banking Group President | 4.67yrs | US$1.22m | 0.095% $ 1.7m | |
| Executive VP & CFO | 2.75yrs | US$1.11m | 0.027% $ 492.7k | |
| Non-Employee Advisor | 2.83yrs | US$542.02k | 0.0061% $ 109.1k | |
| Executive VP & Chief Risk Officer | 3.08yrs | US$1.05m | 0.031% $ 564.1k | |
| Executive VP | 14.42yrs | US$220.10k | 0.14% $ 2.5m | |
| Corporate Executive Assistant | 4.75yrs | no data | no data | |
| Executive VP & General Counsel | 1.75yrs | no data | 0.020% $ 357.8k | |
| Executive VP & Chief Strategy Officer | 6.33yrs | US$835.04k | 0.076% $ 1.4m | |
| Executive VP & Chief Innovation Officer | 1.25yrs | no data | 0.0096% $ 172.9k | |
| Executive VP & Chief Governance Officer | 0.58yr | no data | 0.062% $ 1.1m |
2.8yrs
Average Tenure
51yo
Average Age
Experienced Management: ABCB's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.25yrs | US$1.15m | 3.22% $ 57.8m | |
| CEO & Director | 1.25yrs | US$1.58m | 0.68% $ 12.2m | |
| Independent Director | 12.42yrs | US$120.64k | 0.14% $ 2.5m | |
| Independent Director | 20.67yrs | US$135.10k | 0.30% $ 5.3m | |
| Independent Director | 13.42yrs | US$134.81k | 0.060% $ 1.1m | |
| Independent Director | 4.17yrs | US$126.44k | 0.020% $ 365.6k | |
| Vice Chairman of the Board & Lead Independent Director | no data | US$140.11k | 0.036% $ 650.0k | |
| Independent Director | 6.92yrs | US$130.64k | 0.046% $ 831.4k | |
| Independent Director | 10.42yrs | US$125.05k | 0.055% $ 981.7k | |
| Independent Director | 5.92yrs | US$120.64k | 0.029% $ 524.5k | |
| Independent Director | 1.25yrs | US$77.70k | 0.011% $ 196.2k | |
| Independent Director | 1.25yrs | US$77.70k | 0.0099% $ 177.4k |
5.9yrs
Average Tenure
66yo
Average Age
Experienced Board: ABCB's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ABCB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$1.794b
- Shares outstanding: 69.31m
- Website: https://www.amerisbank.com
Number of Employees
Location
- Ameris Bancorp
- 3490 Piedmont Road NE
- Suite 1550
- Atlanta
- Georgia
- 30305
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ABCB | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | May 1994 |
| AXU | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1994 |
Biography
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 00:52 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.