Loading...

Ameris Bancorp

Nasdaq:ABCB
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABCB
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 73 days ago. More info.


Add to Portfolio Compare Print
ABCB Share Price and Events
7 Day Returns
-0%
NasdaqGS:ABCB
-1.1%
US Banks
-1.2%
US Market
1 Year Returns
-27.6%
NasdaqGS:ABCB
-6.5%
US Banks
3.4%
US Market
ABCB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ameris Bancorp (ABCB) -0% 0.1% 7.1% -27.6% 15.9% 79.9%
US Banks -1.1% 2.7% -0.4% -6.5% 45.1% 45.5%
US Market -1.2% 0.7% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • ABCB underperformed the Banks industry which returned -6.5% over the past year.
  • ABCB underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
ABCB
Industry
5yr Volatility vs Market

ABCB Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ameris Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ameris Bancorp.

NasdaqGS:ABCB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $36.77 * 12.9%
$4.75
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $36.77
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ABCB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (10.39%))
0.763
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:ABCB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Ameris Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:ABCB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.9% – 7.5%) * $36.77)
$1.99
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.99 / (7.5% - 2.73%)
$41.71
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $36.77 + $41.71
$78.48
NasdaqGS:ABCB Discount to Share Price
Calculation Result
Value per share (USD) From above. $78.48
Current discount Discount to share price of $37.78
= -1 x ($37.78 - $78.48) / $78.48
51.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ameris Bancorp is available for.
Intrinsic value
>50%
Share price is $37.78 vs Future cash flow value of $78.48
Current Discount Checks
For Ameris Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ameris Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ameris Bancorp's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ameris Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ameris Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ABCB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.95
NasdaqGS:ABCB Share Price ** NasdaqGS (2019-07-19) in USD $37.78
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.72x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ameris Bancorp.

NasdaqGS:ABCB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ABCB Share Price ÷ EPS (both in USD)

= 37.78 ÷ 2.95

12.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ameris Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • Ameris Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ameris Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:ABCB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
48.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:ABCB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.8x ÷ 48.1%

0.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ameris Bancorp is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Ameris Bancorp's assets?
Raw Data
NasdaqGS:ABCB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $31.54
NasdaqGS:ABCB Share Price * NasdaqGS (2019-07-19) in USD $37.78
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.79x
NasdaqGS:ABCB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ABCB Share Price ÷ Book Value per Share (both in USD)

= 37.78 ÷ 31.54

1.2x

* Primary Listing of Ameris Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ameris Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Ameris Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Ameris Bancorp has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ABCB Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
48.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ameris Bancorp expected to grow at an attractive rate?
  • Ameris Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ameris Bancorp's earnings growth is expected to exceed the United States of America market average.
  • Ameris Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ABCB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ABCB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 48.1%
NasdaqGS:ABCB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 30.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ABCB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ABCB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 875 314 5
2019-12-31 694 206 5
NasdaqGS:ABCB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 473 -98 134
2018-12-31 440 -109 121
2018-09-30 407 -60 87
2018-06-30 372 -50 65
2018-03-31 364 -27 79
2017-12-31 355 -63 74
2017-09-30 344 -103 83
2017-06-30 337 -122 84
2017-03-31 330 -71 81
2016-12-31 320 -70 72
2016-09-30 311 -69 68
2016-06-30 298 -24 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ameris Bancorp's earnings are expected to grow significantly at over 20% yearly.
  • Ameris Bancorp's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ABCB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Ameris Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ABCB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 4.53 4.68 4.20 6.00
2019-12-31 3.53 3.95 3.05 6.00
NasdaqGS:ABCB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.95
2018-12-31 2.81
2018-09-30 2.14
2018-06-30 1.72
2018-03-31 2.11
2017-12-31 2.00
2017-09-30 2.28
2017-06-30 2.35
2017-03-31 2.31
2016-12-31 2.10
2016-09-30 2.02
2016-06-30 1.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ameris Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ameris Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ameris Bancorp has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ABCB Past Performance

  How has Ameris Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ameris Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ameris Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • Ameris Bancorp's 1-year earnings growth exceeds its 5-year average (69.8% vs 28.9%)
  • Ameris Bancorp's earnings growth has exceeded the US Banks industry average in the past year (69.8% vs 37.7%).
Earnings and Revenue History
Ameris Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ameris Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ABCB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 472.90 134.27 230.58
2018-12-31 439.60 121.03 220.77
2018-09-30 406.82 86.64 218.14
2018-06-30 371.68 65.36 208.04
2018-03-31 364.25 79.06 197.74
2017-12-31 354.95 73.55 192.44
2017-09-30 344.12 82.58 180.71
2017-06-30 336.71 83.97 175.20
2017-03-31 330.21 80.94 172.44
2016-12-31 320.09 72.10 169.89
2016-09-30 311.15 68.07 163.57
2016-06-30 297.98 62.14 159.01
2016-03-31 274.56 43.40 150.53
2015-12-31 255.68 40.85 141.81
2015-09-30 241.87 37.28 128.36
2015-06-30 225.84 33.32 120.93
2015-03-31 216.90 40.14 114.28
2014-12-31 207.07 38.44 112.91
2014-09-30 189.68 28.82 102.67
2014-06-30 173.01 23.39 94.32
2014-03-31 159.99 21.50 88.18
2013-12-31 151.25 18.28 82.12
2013-09-30 149.18 20.87 83.33
2013-06-30 142.02 15.71 82.39
2013-03-31 135.86 11.15 81.14
2012-12-31 121.15 10.86 78.64
2012-09-30 114.80 7.63 70.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ameris Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ameris Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Ameris Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Ameris Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ameris Bancorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ABCB Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Ameris Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ameris Bancorp Company Filings, last reported 3 months ago.

NasdaqGS:ABCB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,495.58 245.24 811.67
2018-12-31 1,456.35 262.62 642.48
2018-09-30 1,404.98 759.89 582.62
2018-06-30 1,371.90 961.78 381.57
2018-03-31 868.94 664.69 288.88
2017-12-31 804.48 366.81 294.75
2017-09-30 801.92 907.95 243.92
2017-06-30 782.68 782.88 277.31
2017-03-31 758.22 650.64 359.21
2016-12-31 646.44 630.05 164.90
2016-09-30 642.58 500.01 214.07
2016-06-30 625.92 380.90 184.53
2016-03-31 600.83 237.51 254.24
2015-12-31 514.76 172.60 365.45
2015-09-30 502.30 160.11 235.32
2015-06-30 486.77 183.39 355.22
2015-03-31 489.78 164.94 206.30
2014-12-31 366.03 217.77 152.02
2014-09-30 353.83 244.84 109.59
2014-06-30 343.40 216.24 125.79
2014-03-31 300.03 165.28 120.06
2013-12-31 316.70 333.55 257.52
2013-09-30 290.36 67.52 127.42
2013-06-30 287.78 61.41 94.25
2013-03-31 283.72 65.19 131.69
2012-12-31 279.02 92.39 259.93
2012-09-30 299.21 59.67 124.16
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Ameris Bancorp has an acceptable proportion of non-loan assets held.
  • Ameris Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Ameris Bancorp are broadly funded by customer deposits.
  • Ameris Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Ameris Bancorp has a low allowance for bad loans.
  • Ameris Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Ameris Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ameris Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ABCB Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.06%
Current annual income from Ameris Bancorp dividends. Estimated to be 1.24% next year.
If you bought $2,000 of Ameris Bancorp shares you are expected to receive $21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ameris Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Ameris Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ABCB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ABCB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.50 7.00
2019-12-31 0.44 7.00
NasdaqGS:ABCB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.400 1.069
2019-04-23 0.400 1.098
2019-03-01 0.400 1.103
2019-01-25 0.400 1.023
2018-11-09 0.400 1.097
2018-10-19 0.400 0.934
2018-08-09 0.400 0.845
2018-07-27 0.400 0.823
2018-05-10 0.400 0.733
2018-04-20 0.400 0.755
2018-03-01 0.400 0.739
2018-01-26 0.400 0.746
2017-11-09 0.400 0.809
2017-10-19 0.400 0.836
2017-08-09 0.400 0.879
2017-07-21 0.400 0.869
2017-05-10 0.400 0.862
2017-04-21 0.400 0.847
2017-02-27 0.400 0.877
2017-01-20 0.400 0.862
2016-09-08 0.400 1.011
2016-08-09 0.200 0.586
2016-07-22 0.200 0.604
2016-05-09 0.200 0.655
2016-04-22 0.200 0.639
2016-02-29 0.200 0.690
2016-02-11 0.200 0.762
2015-11-09 0.200 0.636
2015-10-23 0.200 0.631
2015-08-07 0.200 0.715
2015-07-24 0.200 0.739
2015-05-08 0.200 0.780
2015-04-23 0.200 0.800
2015-03-16 0.200 0.762
2015-01-29 0.200 0.781
2014-11-07 0.200 0.799
2014-10-22 0.200 0.820
2014-06-25 0.200 0.898
2011-05-10 0.000 0.000
2011-04-26 0.000 0.000
2011-03-16 0.000 0.000
2011-01-28 0.000 0.000
2010-11-08 0.000 0.000
2010-10-20 0.000 0.000
2010-08-09 0.000 0.000
2010-07-22 0.000 0.000
2010-05-10 0.000 0.000
2010-04-13 0.000 0.000
2010-03-16 0.000 0.000
2010-01-28 0.000 0.000
2009-11-09 0.000 0.000
2009-10-21 0.000 0.000
2009-08-07 0.195 2.989
2009-07-21 0.195 3.030
2009-05-08 0.195 3.125
2009-04-23 0.195 3.118
2009-03-16 0.195 3.098
2009-01-29 0.195 3.524
2008-11-10 0.195 2.043
2008-10-21 0.195 1.918
2008-09-17 0.194 1.546
2008-08-07 0.545 4.572

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Ameris Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ameris Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ameris Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ameris Bancorp has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ABCB Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
H. Proctor
AGE 51
TENURE AS CEO 0 years
CEO Bio

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 1, 2019. He served as the President of Fidelity Southern Corporation. Mr. Proctor served as the President and Chief Executive Officer of Fidelity bank. He has been Treasurer and Secretary of LionMark Insurance Company since November 2004. He is a Founder of the Night of Hope Gala. He served as President of Callanwolde Fine Arts Center. He serves as a Trustee of Fernbank Museum of Natural History. He served as the Chairman of Georgia Bankers Association from 2017 to 2018. He is also a Member of the Rotary Club of Atlanta and the Buckhead Lions Club. Mr. Proctor served as a Director of the Georgia Bankers Association, Trustee of the Professional Association for Georgia Educators (PAGE), and a Member of the Board of Directors for the Frazier Center (Rehabilitation and Education for Disabled Adults and Children). Mr. Proctor is a Graduate of Stonier Graduate School of Banking At Georgetown University and Auburn University.

CEO Compensation
  • Insufficient data for H. to compare compensation growth.
  • Insufficient data for H. to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ameris Bancorp management team in years:

3.4
Average Tenure
54.5
Average Age
  • The tenure for the Ameris Bancorp management team is about average.
Management Team

Nicole Stokes

TITLE
Executive VP & CFO
COMPENSATION
$701K
AGE
45
TENURE
1.5 yrs

Jim LaHaise

TITLE
Executive VP & Chief Strategy Officer
COMPENSATION
$835K
AGE
58
TENURE
5.1 yrs

Lawton Bassett

TITLE
Banking Group President
COMPENSATION
$1M
AGE
50
TENURE
3.4 yrs

Jim Miller

TITLE
Executive Chairman
AGE
79

H. Proctor

TITLE
President
AGE
51

Michael Pierson

TITLE
EVP & COO

Cindi Lewis

TITLE
Executive VP
COMPENSATION
$220K
AGE
65
TENURE
13.2 yrs

Angela Redd

TITLE
Corporate Executive Assistant
TENURE
3.5 yrs

Andy Cheney

TITLE
Non-Employee Advisor
COMPENSATION
$922K
AGE
69
TENURE
1.6 yrs

Bill McKendry

TITLE
Executive VP & Chief Risk Officer
AGE
50
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Ameris Bancorp board of directors in years:

9.2
Average Tenure
65
Average Age
  • The tenure for the Ameris Bancorp board of directors is about average.
Board of Directors

H. Proctor

TITLE
President
AGE
51

Leo Hill

TITLE
Vice Chairman of the Board
COMPENSATION
$110K
AGE
63

Jim Miller

TITLE
Executive Chairman
AGE
79

Dan Jeter

TITLE
Lead Independent Director
COMPENSATION
$111K
AGE
67
TENURE
12.2 yrs

Robert Lynch

TITLE
Director
COMPENSATION
$110K
AGE
55
TENURE
19.4 yrs

Robert Ezzell

TITLE
Director
COMPENSATION
$101K
AGE
69
TENURE
9.2 yrs

Beth McCague

TITLE
Director
COMPENSATION
$109K
AGE
69
TENURE
2.9 yrs

Jimmy Veal

TITLE
Director
COMPENSATION
$100K
AGE
70
TENURE
11.2 yrs

Bill Stern

TITLE
Director
COMPENSATION
$100K
AGE
62
TENURE
5.7 yrs

William Bowen

TITLE
Director
COMPENSATION
$100K
AGE
54
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ameris Bancorp individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Jun 19 Buy Elizabeth McCague Individual 11. Jun 19 11. Jun 19 800 $37.50 $30,000
29. Jan 19 Buy William Bowen Individual 28. Jan 19 28. Jan 19 500 $36.69 $18,345
06. Sep 18 Buy Elizabeth McCague Individual 24. Aug 18 24. Aug 18 1,000 $50.20 $50,200
02. Aug 18 Buy William Bowen Individual 01. Aug 18 01. Aug 18 100 $48.21 $4,821
02. Aug 18 Buy Leo Hill Individual 01. Aug 18 01. Aug 18 500 $49.00 $24,500
02. Aug 18 Buy Leo Hill Individual 01. Aug 18 02. Aug 18 1,500 $48.50 $72,250
X
Management checks
We assess Ameris Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ameris Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ABCB News

Simply Wall St News

What Kind Of Shareholders Own Ameris Bancorp (NASDAQ:ABCB)?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Ameris Bancorp has a market capitalization of US$2.6b, so we would expect some institutional investors to have noticed the stock. … View our latest analysis for Ameris Bancorp NasdaqGS:ABCB Ownership Summary, July 18th 2019 What Does The Institutional Ownership Tell Us About Ameris Bancorp? … Insider Ownership Of Ameris Bancorp The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Should We Worry About Ameris Bancorp's (NASDAQ:ABCB) P/E Ratio?

Looking at earnings over the last twelve months, Ameris Bancorp has a P/E ratio of 13.23. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Ameris Bancorp: P/E of 13.23 = $39.04 ÷ $2.95 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Ameris Bancorp's P/E Ratio Ameris Bancorp trades on a P/E ratio of 13.2, which is below the US market average of 18.2.

Simply Wall St -

If You Had Bought Ameris Bancorp (NASDAQ:ABCB) Shares Five Years Ago You'd Have Made 74%

To wit, the Ameris Bancorp share price has climbed 74% in five years, easily topping the market return of 38% (ignoring dividends). … Over half a decade, Ameris Bancorp managed to grow its earnings per share at 27% a year. … A Different Perspective Investors in Ameris Bancorp had a tough year, with a total loss of 33% (including dividends), against a market gain of about 2.8%.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And Ameris Bancorp (NASDAQ:ABCB) Passed With Ease

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Ameris Bancorp (NASDAQ:ABCB). … Not only did Ameris Bancorp insiders refrain from selling stock during the year, but they also spent US$170k buying it. … So if you like the sound of Ameris Bancorp, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Is It Too Late To Consider Buying Ameris Bancorp (NASDAQ:ABCB)?

Ameris Bancorp (NASDAQ:ABCB), operating in the financial services industry based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Ameris Bancorp’s outlook and valuation to see if the opportunity still exists.

Simply Wall St -

What To Know Before Buying Ameris Bancorp (NASDAQ:ABCB) For Its Dividend

Could Ameris Bancorp (NASDAQ:ABCB) be an attractive dividend share to own for the long haul? Investors are often drawn to a company for its dividend.. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Need To Know: Ameris Bancorp (NASDAQ:ABCB) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Ameris Bancorp (NASDAQ:ABCB). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'.

Simply Wall St -

Is Ameris Bancorp's (NASDAQ:ABCB) P/E Ratio Really That Good?

To keep it practical, we'll show how Ameris Bancorp's (NASDAQ:ABCB) P/E ratio could help you assess the value on offer. … Ameris Bancorp has a P/E ratio of 12.22, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Update: Ameris Bancorp (NASDAQ:ABCB) Stock Gained 60% In The Last Five Years

For example, long term Ameris Bancorp (NASDAQ:ABCB) shareholders have enjoyed a 60% share price rise over the last half decade, well in excess of the market return of around 41% (not including dividends). … During five years of share price growth, Ameris Bancorp achieved compound earnings per share (EPS) growth of 30% per year. … The EPS growth is more impressive than the yearly share price gain of 9.9% over the same period.

Simply Wall St -

What Makes Ameris Bancorp (NASDAQ:ABCB) A Hard Investment?

Ameris Bancorp’s (NASDAQ:ABCB) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$1.9b. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Ameris Bancorp to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Ameris Bancorp in a safe position in the face of adverse headwinds.

Simply Wall St -

ABCB Company Info

Description

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 headquartered in Moultrie, Georgia.

Details
Name: Ameris Bancorp
ABCB
Exchange: NasdaqGS
Founded: 1971
$2,630,516,182
69,627,215
Website: http://www.amerisbank.com
Address: Ameris Bancorp
310 First Street, South East,
Moultrie,
Georgia, 31768,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ABCB Common Stock Nasdaq Global Select US USD 19. May 1994
Number of employees
Current staff
Staff numbers
1,766
Ameris Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 02:18
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.