Core Viewpoint - Ameris Bancorp is experiencing a positive trend in analyst confidence, reflected in the increasing consensus price target and strong earnings potential, despite some conservative outlooks from specific analysts [2][3][6] Group 1: Company Overview - Ameris Bancorp (NASDAQ: ABCB) is a bank holding company for Ameris Bank, providing various banking services in the southeastern United States [1] - The company operates through five segments: Banking, Retail Mortgage, Warehouse Lending, SBA, and Premium Finance Divisions [1] - It competes with regional banks such as Surrey Bancorp and First Foundation [1] Group 2: Analyst Sentiment - The consensus price target for Ameris Bancorp has risen from $79.83 to $83 over the past year, indicating growing analyst confidence [2] - Raymond James has set a lower price target of $50, reflecting a more conservative outlook on the stock's future performance [2] - The company has been upgraded to a Zacks Rank 2 (Buy), suggesting increased optimism regarding its earnings potential [3][6] Group 3: Financial Performance - Ameris Bancorp has consistently delivered impressive earnings surprises, indicating strong potential to exceed expectations in upcoming reports [3] - The recent Q3 2025 earnings call highlighted the company's strong earnings potential and strategic initiatives, further supporting the positive outlook on its stock [5] Group 4: Market Influences - The company's performance is influenced by economic conditions in the southeastern United States and regulatory changes [4][6] - As a regional bank, Ameris Bancorp's operations and profitability are impacted by interest rates and real estate market trends [4]

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Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Ameris Bancorp (ABCB) - Ameris Bancorp currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, ABCB shares increased by 1.83%, while the Zacks Banks - Southeast industry rose by 3.62% [6] - In a longer timeframe, ABCB's monthly price change is 11.69%, outperforming the industry's 10.99% [6] - Over the last quarter, ABCB shares have risen by 4.71%, and they are up 17.4% over the past year, compared to the S&P 500's increases of 3.31% and 13.94%, respectively [7] Trading Volume - ABCB's average 20-day trading volume is 392,374 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for ABCB show 4 estimates moving higher with none lower, increasing the consensus estimate from $5.79 to $5.96 over the past 60 days [10] - For the next fiscal year, 4 estimates have also moved upwards without any downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Ameris Bancorp is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]

Financial Performance - For the quarter ended September 30, 2025, the company reported net income of $106.0 million, or $1.54 per diluted share, an increase from $99.2 million, or $1.44 per diluted share in the same period of 2024, representing a 6.9% increase in net income [143]. - Ameris reported net income of $303.8 million, or $4.41 per diluted share, for the nine months ended September 30, 2025, compared to $264.3 million, or $3.83 per diluted share, for the same period in 2024, representing a 14.93% increase in net income [157]. - Net interest income increased by $64.2 million, or 10.18%, to $694.4 million for the nine months ended September 30, 2025, from $630.2 million in the same period of 2024 [160]. Interest Income and Expenses - Total interest income for the retail banking division was $245.3 million in Q3 2025, compared to $244.0 million in Q3 2024, reflecting a marginal increase [144]. - The company's net interest income for the quarter was $237.9 million, up from $214.1 million in the same quarter of the previous year, representing an increase of 11.1% [144]. - The average interest rate on interest-earning assets for Q3 2025 was 4.12%, compared to 3.92% in Q3 2024, indicating a rise in interest rates [145]. Credit Losses and Asset Quality - The provision for credit losses increased to $22.6 million in Q3 2025 from $6.1 million in Q3 2024, indicating a significant rise in expected credit losses [144]. - Non-performing assets as a percentage of total assets decreased to 0.40% at September 30, 2025, from 0.47% at December 31, 2024 [3]. - The total allowance for credit losses on loans at September 30, 2025, was $345.3 million, or 1.62% of total loans, compared to $338.1 million, or 1.63%, at December 31, 2024 [177]. Noninterest Income and Expenses - Noninterest income for the company reached $76.3 million in Q3 2025, compared to $69.7 million in Q3 2024, marking a 9.1% increase [144]. - Total noninterest expense rose to $154.6 million in Q3 2025 from $151.8 million in Q3 2024, reflecting a 1.8% increase [144]. - Total noninterest income for the nine months ended September 30, 2025, was $209.2 million, a decrease of $15.1 million, or 6.7%, from $224.3 million in the same period of 2024 [166]. Capital and Liquidity - The Company’s common equity Tier 1 capital ratio increased to 13.20% at September 30, 2025, compared to 12.65% at December 31, 2024 [201]. - Total deposits increased by $505.6 million, or 2.3%, to $22.23 billion at September 30, 2025, compared to $21.72 billion at December 31, 2024 [195]. - As of September 30, 2025, the Company had liquidity availability with the FHLB and FRB Discount Window amounting to $3.37 billion and $2.10 billion, respectively [206]. Loan Production and Yields - Loan production in Q3 2025 amounted to $5.4 billion, with weighted average yields of 6.77% [1]. - Loan production amounted to $15.1 billion during the first nine months of 2025, with a weighted average yield of 6.79%, compared to $14.1 billion and 7.54% in the same period of 2024 [160]. - The yield on interest-bearing deposits decreased from 3.44% in Q3 2024 to 2.82% in Q3 2025 [2]. Tax and Regulatory Compliance - The effective tax rate for Q3 2025 was 22.6%, up from 21.2% in Q3 2024 [5]. - Income tax expense for the nine months ended September 30, 2025, was $88.9 million, compared to $85.5 million in the same period of 2024, with an effective tax rate decrease from 24.4% to 22.6% [170]. Risk Management - The Company aims to manage interest rate risk such that net interest income does not increase or decrease by more than 20% given a change of 200 basis points over any 24-month period [205]. - The ALCO Committee continuously monitors the Company's liquidity resources, which were deemed satisfactory as of September 30, 2025 [207]. - The Company has no exposure to foreign currency exchange rate risk, commodity price risk, or other market risks [210].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Financial Data and Key Metrics Changes - The company reported net income of $106 million, or $1.54 per diluted share, with a return on assets at 1.56% and return on tangible common equity at 14.6% [9][10] - The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, driven by a strong 17.8% annualized revenue growth [9][12] - Tangible book value per share grew to $42.90, reflecting a strong 15.2% annualized growth [9][10] Business Line Data and Key Metrics Changes - Loan portfolio production topped $2 billion, with a 4% annualized loan growth primarily from commercial and industrial (C&I) and commercial real estate (CRE) [6][7] - Non-interest income increased by $7.4 million, mainly from better equipment finance fees and a non-recurring gain on securities [11] - The company repurchased approximately $8.5 million of common stock, with a new share repurchase plan of $200 million approved [10] Market Data and Key Metrics Changes - Deposits increased by $295 million, with core deposits growing by $355 million, while brokered CDs represented only 5% of total deposits [13][14] - Non-interest-bearing deposits remained strong at 30.4% of total deposits [14] Company Strategy and Development Direction - The company remains focused on growing its core deposit base and tangible book value per share, with an emphasis on revenue growth and positive operating leverage [4][8] - The management is optimistic about capitalizing on growth opportunities in the Southeastern markets, particularly amid ongoing banking disruptions [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding loan demand and pipeline trends, anticipating potential growth acceleration into 2026 [19][49] - The company expects some margin compression in the coming quarters due to rising deposit costs, but remains focused on net interest income growth [11][41] Other Important Information - The company’s capital ratios improved, with common equity tier one at 13.2% and tangible common equity at 11.3% [5] - Asset quality remains stable, with low levels of net charge-offs and non-performing assets [12] Q&A Session Summary Question: Loan demand and pipeline trends - Management noted strong demand across all verticals and steady payoffs, expressing optimism for the fourth quarter and beyond [18][19] Question: Competition landscape - Competition is primarily on pricing, but management believes disruption in the market will provide additional volume opportunities [20][21] Question: Equipment finance demand and credit trends - Demand in equipment finance is picking up, with declining charge-offs indicating a healthy credit environment [24][25] Question: Expense growth outlook - Management anticipates a 5.5% increase in expenses next year, driven by salary and benefit increases [36][37] Question: Margin outlook and deposit costs - Management expects margin compression due to deposit repricing and competition, but remains focused on growing non-interest-bearing deposits [40][41] Question: Loan growth potential - Management is optimistic about the potential for loan growth to accelerate into the high single digits or even double digits, depending on macroeconomic conditions [49][50] Question: Investment portfolio size - The investment portfolio is expected to stabilize around 9% to 10% of total assets, with a focus on deposit growth [51] Question: M&A versus organic growth - Management prioritizes organic growth opportunities over M&A, given the current market disruption [53] Question: Mortgage activity and demand - Management is hopeful for increased mortgage activity as interest rates stabilize, with a significant increase in applications noted [60]

Financial Data and Key Metrics Changes - The company reported net income of $106 million, or $1.54 per diluted share in the third quarter, with a return on assets at 1.56% and return on tangible common equity at 14.6% [9] - The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, driven by a strong 17.8% annualized revenue growth [9][12] - Tangible book value per share grew to $42.90, reflecting a strong 15.2% annualized growth [9] Business Line Data and Key Metrics Changes - Loan portfolio production topped $2 billion in the quarter, with a 4% annualized loan growth primarily from C&I and CRE [6][7] - Non-interest income increased by $7.4 million, mainly from better equipment finance fees and a non-recurring gain on securities [11] - The company repurchased about $8.5 million of common stock, with a new share repurchase plan of $200 million approved [10] Market Data and Key Metrics Changes - Deposits increased by $295 million, with core deposits growing by $355 million, maintaining non-interest-bearing deposits at over 30% [13][14] - The company anticipates loan and deposit growth in the mid-single-digit range going forward [14] Company Strategy and Development Direction - The company remains focused on growing its core deposit base and tangible book value per share, with a strong emphasis on revenue growth and positive operating leverage [4][8] - The management is optimistic about capitalizing on growth opportunities and disruption within the Southeastern markets [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding loan demand and the potential for growth, particularly in light of favorable macroeconomic conditions [20][50] - The company expects some margin compression in the coming quarters due to rising deposit costs, but remains focused on growing net interest income [11][42] Other Important Information - The provision for credit losses was $22.6 million, with a strong reserve level of 162% [12] - The company is well-positioned to take advantage of future growth opportunities and disruption in its markets [65] Q&A Session Summary Question: Loan demand and pipeline trends - Management noted strong demand across all verticals and steady payoffs, contributing to optimism for future growth [20] Question: Competition landscape - Competition is primarily on pricing, but management believes disruption will help garner additional volume [22] Question: Equipment finance production and demand - Demand in equipment finance is picking up, with strong fee income growth expected to continue [25][28] Question: Expense growth rate outlook - Management anticipates a reasonable expense growth rate of about 5.5% going into next year [37] Question: Margin outlook and deposit costs - Management expects some margin compression due to deposit costs catching up to loan rates, but overall growth remains accretive to margin [41][44] Question: Investment portfolio size - The investment portfolio is expected to stabilize around 9%-10%, with a focus on deposit growth [52] Question: M&A versus organic growth - Management prioritizes organic growth opportunities over M&A at this time [54] Question: Mortgage activity and demand - Management is optimistic about increased mortgage activity if interest rates decline further [61]

Financial Data and Key Metrics Changes - The company reported net income of $106 million, or $1.54 per diluted share, in the third quarter, with a return on assets at 1.56% and return on tangible common equity at 14.6% [9] - The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, driven by a strong 17.8% annualized revenue growth [9][12] - Tangible book value per share grew to $42.90, reflecting a strong 15.2% annualized growth [9] Business Line Data and Key Metrics Changes - Loan growth was 4% annualized, primarily driven by a mix of commercial and industrial (C&I) and commercial real estate (CRE) [5][13] - Non-interest income increased by $7.4 million, mainly from better equipment finance fees and a non-recurring gain on securities [11] - The company repurchased approximately $8.5 million of common stock during the quarter [10] Market Data and Key Metrics Changes - Deposits grew at a 5% annualized rate, with non-interest-bearing deposits remaining over 30% [5][13] - The loan portfolio production topped $2 billion, the highest level since 2022 [6] - The company maintained a strong capital position, with common equity tier one at 13.2% and tangible common equity at 11.3% [5] Company Strategy and Development Direction - The company remains focused on growing its core deposit base and tangible book value per share, with an emphasis on revenue growth and positive operating leverage [4][8] - The management expressed optimism about capitalizing on growth opportunities and disruptions in the Southeastern markets [6][8] - The company plans to continue its share repurchase program, with a new authorization of $200 million [10] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about loan demand and growth potential, particularly looking towards the end of 2025 and into 2026 [18][42] - The company anticipates some margin compression in the coming quarters due to rising deposit costs [11][34] - Asset quality remains stable, with low levels of net charge-offs and non-performing assets [12] Other Important Information - The company’s efficiency ratio is expected to return above 50% in the fourth quarter [12] - The provision for credit losses was $22.6 million, with over half related to reserves for unfunded commitments, indicating positive future loan growth potential [12] Q&A Session Summary Question: How is loan demand trending and what is the outlook? - Management expressed optimism about loan demand across all verticals, with steady payoffs indicating a healthy market [18] Question: How is competition affecting the loan landscape? - Competition is primarily on pricing, but management believes disruption in the market will provide additional volume opportunities [19] Question: What are the trends in equipment finance? - Demand in equipment finance is picking up, with strong fee income growth expected to continue [20][24] Question: What is the outlook for expenses and efficiency ratio? - A 5-5.5% increase in expenses is anticipated for next year, with a focus on maintaining a strong efficiency ratio [30][31] Question: What is the expectation for margin compression? - Management expects some margin compression due to deposit costs catching up with loan rates, but overall growth in net interest income is anticipated [34][36] Question: Is there potential for M&A activity? - The company is prioritizing organic growth opportunities over M&A at this time [45] Question: What is the outlook for mortgage activity? - Management is optimistic about increased mortgage activity if interest rates decline, with significant purchase volume currently [52]

Financial Performance - The company's net income for 3Q25 was $106.0 million, resulting in diluted earnings per share of $1.54[22] - The company's return on average assets (ROA) was 1.56% for 3Q25[22] - The company's return on average tangible common equity (ROTCE) was 14.57% for 3Q25[22] - The company's net interest margin (NIM) improved by 3 basis points to 3.80% in 3Q25[22] - The company's efficiency ratio improved to 49.19% in 3Q25[22] Balance Sheet and Capital - The company's tangible book value (TBV) grew by $1.58 per share to $42.90 at the end of 3Q25, representing an annualized growth rate of 15.2%[22] - The company's CET1 ratio was 13.2% at the end of 3Q25[13] - Noninterest-bearing deposits remained strong, representing 30.4% of total deposits as of September 30, 2025[22] Loan Portfolio and Credit Quality - The company's loan portfolio totaled $21.3 billion in 3Q25[56] - The company's allowance for credit losses (ACL) on loans was 1.62% of total loans in 3Q25[13] - The company's net charge-offs were stable at 0.14% annualized in 3Q25[22] Market Position and Growth - The company's Southeast markets are projected to grow approximately 1.7x the national average over the next five years[13]

Core Insights - Ameris Bancorp reported revenue of $315.19 million for Q3 2025, marking a year-over-year increase of 10.7% and exceeding the Zacks Consensus Estimate by 3.51% [1] - The company's EPS for the same quarter was $1.53, up from $1.38 a year ago, representing a surprise of 4.08% over the consensus estimate of $1.47 [1] Financial Performance Metrics - Net interest margin was reported at 3.8%, slightly above the estimated 3.7% [4] - The efficiency ratio stood at 49.2%, better than the average estimate of 51.6% [4] - Book value per share at period end was $58.56, exceeding the estimate of $58.10 [4] - Net charge-offs as a percentage of average loans were 0.1%, lower than the estimated 0.2% [4] - Total non-performing assets amounted to $109.43 million, slightly above the estimate of $107.67 million [4] - Average balances of total earning assets were $24.96 billion, marginally higher than the estimate of $24.93 billion [4] - Net interest income (TE) was reported at $238.92 million, surpassing the estimate of $232.93 million [4] - Total non-interest income reached $76.27 million, exceeding the average estimate of $71.57 million [4] - Net interest income was $237.96 million, compared to the average estimate of $233.92 million [4] Stock Performance - Ameris Bancorp's shares have returned -1.1% over the past month, while the Zacks S&P 500 composite has increased by 2.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]