Ameris Bancorp
Market Cap
US$3.6b
Last Updated
2021/04/11 22:56 UTC
Data Sources
Company Financials +
Executive Summary
Ameris 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, and South Carolina. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ABCB's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.1%
ABCB
1.2%
US Banks
2.1%
US Market
1 Year Return
95.9%
ABCB
56.9%
US Banks
56.3%
US Market
Return vs Industry: ABCB exceeded the US Banks industry which returned 56.9% over the past year.
Return vs Market: ABCB exceeded the US Market which returned 56.3% over the past year.
Shareholder returns
| ABCB | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | 1.2% | 2.1% |
| 30 Day | -6.1% | -0.5% | 2.4% |
| 90 Day | 19.5% | 16.0% | 6.8% |
| 1 Year | 99.9%95.9% | 62.1%56.9% | 59.1%56.3% |
| 3 Year | 4.8%0% | 27.2%16.3% | 65.7%55.1% |
| 5 Year | 79.8%68.6% | 105.6%79.7% | 122.3%97.7% |
Long-Term 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
Should You Buy Ameris Bancorp (NASDAQ:ABCB) For Its Upcoming Dividend?1 month ago | Simply Wall St
Is Ameris Bancorp (NASDAQ:ABCB) A Smart Pick For Income Investors?2 months ago | Simply Wall St
Need To Know: Ameris Bancorp (NASDAQ:ABCB) Insiders Have Been Buying SharesValuation
Is Ameris Bancorp undervalued compared to its fair value and its price relative to the market?
29.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ABCB ($52.1) is trading below our estimate of fair value ($74.28)
Significantly Below Fair Value: ABCB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ABCB is poor value based on its PE Ratio (13.8x) compared to the US Banks industry average (13.3x).
PE vs Market: ABCB is good value based on its PE Ratio (13.8x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: ABCB is poor value based on its PEG Ratio (6.1x)
Price to Book Ratio
PB vs Industry: ABCB is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).
Future Growth
How is Ameris Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
2.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABCB's forecast earnings growth (2.3% per year) is above the savings rate (2%).
Earnings vs Market: ABCB's earnings (2.3% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: ABCB's earnings are forecast to grow, but not significantly.
Revenue vs Market: ABCB's revenue (1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: ABCB's revenue (1% per year) is forecast to grow slower than 20% 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 (9.1%).
Past Performance
How has Ameris Bancorp performed over the past 5 years?
30.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABCB has high quality earnings.
Growing Profit Margin: ABCB's current net profit margins (27.9%) are higher than last year (23.9%).
Past Earnings Growth Analysis
Earnings Trend: ABCB's earnings have grown significantly by 30% per year over the past 5 years.
Accelerating Growth: ABCB's earnings growth over the past year (62.5%) exceeds its 5-year average (30% per year).
Earnings vs Industry: ABCB earnings growth over the past year (62.5%) exceeded the Banks industry 1.4%.
Return on Equity
High ROE: ABCB's Return on Equity (9.9%) is considered low.
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 (7.7x) is low.
Allowance for Bad Loans: ABCB has a sufficient allowance for bad loans (235%).
Low Risk Liabilities: 95% 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 (70%).
Low Risk Deposits: ABCB's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: ABCB has an appropriate level of bad loans (0.6%).
Dividend
What is Ameris Bancorp current dividend yield, its reliability and sustainability?
1.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABCB's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: ABCB's dividend (1.15%) is low compared to the top 25% of dividend payers in the US market (3.5%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.9%), 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 (18.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
H. Proctor (52 yo)
1.75yrs
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 ($USD5.07M).
Compensation vs Earnings: Insufficient data to compare H.'s compensation with company performance.
Leadership Team
Experienced Management: ABCB's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: ABCB's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ABCB insiders have only sold shares 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$3.614b
- Shares outstanding: 69.36m
- Website: https://www.amerisbank.com
Number of Employees
Location
- Ameris Bancorp
- 3490 Piedmont Road NE
- Suite 1550
- Atlanta
- Georgia
- 30305
- United States
Listings
Biography
Ameris 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, and South Carolina. Th...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 22:56 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.