Ameris Bancorp
Market Cap
US$2.8b
Last Updated
2019/10/14 01:58 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.
Snowflake
Fundamentals
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
0.5%
ABCB
1.4%
US Banks
1.0%
US Market
1 Year Return
-8.8%
ABCB
0.2%
US Banks
6.7%
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
| ABCB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 1.4% | 1.0% |
| 30 Day | 1.2% | -2.6% | -1.8% |
| 90 Day | 5.4% | 0.8% | -1.8% |
| 1 Year | -7.7%-8.8% | 3.1%0.2% | 9.1%6.7% |
| 3 Year | 14.7%11.4% | 52.0%41.5% | 46.0%36.6% |
| 5 Year | 73.9%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
1 week ago | Simply Wall St
Should Ameris Bancorp (NASDAQ:ABCB) Be Disappointed With Their 76% Profit?3 weeks ago | Simply Wall St
Is It Time To Consider Buying Ameris Bancorp (NASDAQ:ABCB)?1 month ago | Simply Wall St
Does Ameris Bancorp (NASDAQ:ABCB) Have A Volatile Share Price?Valuation
Is Ameris Bancorp undervalued based on future cash flows and its price relative to the stock market?
7%
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?
45.8%
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?
30.2%
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
Dividend
What is Ameris Bancorp's current dividend yield, its reliability and sustainability?
1.27%
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
Management
What is the CEO of Ameris Bancorp's salary, the management and board of directors tenure and is there insider trading?
1.8yrs
Average management tenure
CEO
H. Proctor (51yo)
0.3yrs
Tenure
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
1.8yrs
Average Tenure
58yo
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
5.4yrs
Average Tenure
65yo
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
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 800 |
| Max Price | US$37.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 500 |
| Max Price | US$36.69 |
Ownership Breakdown
Management Team
Jim Miller (79yo)
Executive Chairman
- Tenure: 0.3yrs
H. Proctor (51yo)
President
- 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)
President
- 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)
Director
- Tenure: 5.9yrs
- Compensation: US$100.00k
Robert Ezzell (69yo)
Director
- 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: https://www.amerisbank.com
Number of Employees
Location
- Ameris Bancorp
- 310 First Street, SE
- Moultrie
- Georgia
- 31768
- 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 |
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 | 2019/10/14 01:58 |
| End of Day Share Price | 2019/10/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.