Ameris Bancorp
Market Cap
US$2.8b
Last Updated
2020/02/22 01:18 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.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
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
-1.8%
ABCB
-1.2%
US Banks
-1.0%
US Market
1 Year Return
-2.7%
ABCB
10.3%
US Banks
18.0%
US Market
Return vs Industry: ABCB underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: ABCB underperformed the US Market which returned 18% over the past year.
Shareholder returns
| ABCB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | -1.2% | -1.0% |
| 30 Day | -5.9% | -1.3% | 0.6% |
| 90 Day | -5.8% | -0.3% | 7.9% |
| 1 Year | -1.5%-2.7% | 13.6%10.3% | 20.4%18.0% |
| 3 Year | -14.7%-17.3% | 24.1%15.2% | 48.0%38.5% |
| 5 Year | 61.3%54.0% | 74.1%54.3% | 72.2%53.3% |
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
3 months ago | Simply Wall St
Why Dividend Hunters Love Ameris Bancorp (NASDAQ:ABCB)3 months ago | Simply Wall St
What Type Of Shareholder Owns Ameris Bancorp's (NASDAQ:ABCB)?4 months ago | Simply Wall St
Should You Be Adding Ameris Bancorp (NASDAQ:ABCB) To Your Watchlist Today?Valuation
Is Ameris Bancorp undervalued compared to its fair value and its price relative to the market?
25.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ABCB ($40.31) is trading below our estimate of fair value ($54.41)
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 (14.6x) compared to the Banks industry average (12.6x).
PE vs Market: ABCB is good value based on its PE Ratio (14.6x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: ABCB is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: ABCB is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Ameris Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
25.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABCB's forecast earnings growth (25.8% per year) is above the savings rate (1.7%).
Earnings vs Market: ABCB's earnings (25.8% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ABCB's revenue (12.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: ABCB's revenue (12.8% 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 (10.6%).
Next Steps
Past Performance
How has Ameris Bancorp performed over the past 5 years?
29.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABCB has a large one-off loss of $69.5M impacting its December 31 2019 financial results.
Growing Profit Margin: ABCB's current net profit margins (24%) are lower than last year (27.5%).
Past Earnings Growth Analysis
Earnings Trend: ABCB's earnings have grown significantly by 29.5% per year over the past 5 years.
Accelerating Growth: ABCB's earnings growth over the past year (33.4%) exceeds its 5-year average (29.5% per year).
Earnings vs Industry: ABCB earnings growth over the past year (33.4%) exceeded the Banks industry 12.1%.
Return on Equity
High ROE: ABCB's Return on Equity (6.5%) is considered low.
Return on Assets
Return on Capital Employed
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 covered by short term assets (assets are 1.5x 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 (0.63%)
Next Steps
Dividend
What is Ameris Bancorp's current dividend yield, its reliability and sustainability?
1.49%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ABCB's dividend (1.49%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ABCB's dividend (1.49%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
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 (18.1%), 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 (15.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
H. Proctor (51yo)
0.6yrs
Tenure
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Banking Group President | 4yrs | US$1.03m | 0.054% $1.5m | |
| Executive VP & CFO | 2.1yrs | US$701.11k | 0.019% $551.1k | |
| Executive VP & Chief Strategy Officer | 5.7yrs | US$835.04k | 0.066% $1.9m | |
| Executive Chairman | 0.6yrs | no data | 3.66% $104.2m | |
| CEO & Director | 0.6yrs | no data | 0.64% $18.2m | |
| EVP & COO | 0yrs | no data | 0.050% $1.4m | |
| Executive VP | 13.8yrs | US$220.10k | 0.13% $3.6m | |
| Corporate Executive Assistant | 4.1yrs | no data | no data | |
| Executive VP & General Counsel | 1.1yrs | no data | 0.012% $328.5k | |
| Non-Employee Advisor | 2.2yrs | US$922.08k | no data |
2.2yrs
Average Tenure
58yo
Average Age
Experienced Management: ABCB's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.6yrs | no data | 3.66% $104.2m | |
| CEO & Director | 0.6yrs | no data | 0.64% $18.2m | |
| Independent Director | 11.8yrs | US$100.00k | 0.14% $3.9m | |
| Independent Director | 20yrs | US$110.00k | 0.28% $7.9m | |
| Lead Independent Director | 12.8yrs | US$111.25k | 0.055% $1.6m | |
| Independent Director | 3.5yrs | US$108.83k | 0.015% $415.9k | |
| Independent Vice Chairman of the Board | 0yrs | US$110.00k | 0.033% $928.5k | |
| Director | 6.3yrs | US$100.00k | 0.037% $1.0m | |
| Independent Director | 9.8yrs | US$100.83k | 0.050% $1.4m | |
| Independent Director | 5.3yrs | US$100.00k | 0.024% $684.9k |
6.3yrs
Average Tenure
65yo
Average Age
Experienced Board: ABCB's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ABCB insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.5%.
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$2.846b
- Shares outstanding: 69.34m
- 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 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; and municipal and commercial insurance premium finance loans. It operates 125 domestic banking offices and 16 loan production offices. Ameris Bancorp was founded in 1971 and is based in Atlanta, Georgia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 01:18 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| 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.