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Ameris Bancorp(ABCB) - 2024 Q2 - Quarterly Results
2024-07-25 20:32
Exhibit 99.1 News Release AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2024 Highlights of Ameris's results for the second quarter of 2024 include the following: · Net income of $90.8 million, or $1.32 per diluted share; · Adjusted net income of $80.8 million, or $1.17 per diluted share · Return on average assets ("ROA") of 1.41%; Adjusted ROA of 1.25% · Pre-tax, pre-provision net revenue (PPNR) ROA of 2.25%; Adjustment items positively impacted PPNR ROA by 29 basis points · Growth in tangib ...
AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2024
Prnewswire· 2024-07-25 20:15
Highlights of Ameris's results for the second quarter of 2024 include the following:Net income of $90.8 million, or $1.32 per diluted share;Adjusted net income(1) of $80.8 million, or $1.17 per diluted shareReturn on average assets ("ROA") of 1.41%; Adjusted ROA(1) of 1.25%Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.25%; Adjustment items positively impacted PPNR ROA by 29 basis pointsGrowth in tangible book value(1) of $1.27 per share, or 14.8% annualized, to $35.79 at June 30, 2024TCE ratio(1) of ...
Curious about Ameris Bancorp (ABCB) Q2 Performance? Explore Wall Street Estimates for Key Metrics
ZACKS· 2024-07-25 14:21
In its upcoming report, Ameris Bancorp (ABCB) is predicted by Wall Street analysts to post quarterly earnings of $1.15 per share, reflecting an increase of 26.4% compared to the same period last year. Revenues are forecasted to be $273.67 million, representing a year-over-year decrease of 1.2%.Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...
AMERIS BANCORP ANNOUNCES TRANSFER OF LISTING OF COMMON STOCK TO THE NEW YORK STOCK EXCHANGE
Prnewswire· 2024-07-12 13:00
ATLANTA, July 12, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company" or "Ameris") announced today that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Stock Market LLC ("Nasdaq").Ameris's common stock is expected to begin trading on the NYSE on Tuesday, July 23, 2024, and will continue to be traded under its current ticker symbol "ABCB" after the transfer. Ameris's common stock is expected to continue to trade on Nasdaq until the clos ...
AMERIS BANCORP TO ANNOUCE SECOND QUARTER 2024 EARNINGS ON JULY 25, 2024
Prnewswire· 2024-07-02 20:05
ATLANTA, July 2, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its second quarter 2024 financial results in a press release after the market closes on Thursday, July 25, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, July 26, 2024 to discuss the Company's results and answer appropriate ...
Ameris Bank Donates Record $2.23 million to Support 40 Rural Georgia Hospitals
Prnewswire· 2024-06-12 12:00
ATLANTA, June 12, 2024 /PRNewswire/ -- Ameris Bank is donating $2.23 million to 40 rural hospitals in Georgia, as part of the Georgia HEART Hospital Program in 2024. Ameris has been participating in the state income tax credit program since 2018, contributing more than $12 million."Ameris is proud to support our rural hospitals and the communities they serve," said Ameris Bank CEO Palmer Proctor. "The Georgia HEART Hospital Program is important because it not only provides much needed funding to these cruci ...
Is the Options Market Predicting a Spike in Ameris Bancorp (ABCB) Stock?
ZACKS· 2024-06-06 13:35
Investors in Ameris Bancorp (ABCB) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $35 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...
Ameris Bank Ranked Top 10 Mortgage Provider
Prnewswire· 2024-05-31 13:25
ATLANTA, May 31, 2024 /PRNewswire/ -- Ameris Bank ranked among the Top 10 banks in the U.S. for the largest retail mortgage volume in the first quarter of this year, according to data reported by National Mortgage News today. The industry data was cited from quarterly call reports from the Federal Financial Institutions Examination Council. "I credit our strong mortgage origination volume to our team of professionals who offer expert counsel, quick mortgage underwriting decisions, and attractive mortgage ra ...
Ameris Bancorp(ABCB) - 2024 Q1 - Quarterly Report
2024-05-09 20:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13901 AMERIS BANCORP (Exact name of registrant as specified in its charter) Georgia 58-1456434 (State of incorporation) (IRS Employer ID No.) 3490 Piedmont Rd N. ...
Ameris Bancorp(ABCB) - 2024 Q1 - Earnings Call Transcript
2024-04-27 17:40
Ameris Bancorp (NASDAQ:ABCB) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Doug Strange - Executive Vice President and Chief Risk Officer Conference Call Participants Casey Whitman - Piper Sandler Will Jones - KBW Russell Gunther - Stephens Christopher Marinac - Janney Montgomery Scott David Feaster - Raymond James Operator Good day, and welcome to the Ameris Bancorp First Quarter 2024 Conferen ...