1st Quarter 2024 Results Investor Presentation Cautionary Statements This presentation contains forward-looking statements, as defined by federal securities laws, including, among other forward- looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identif ...

For the quarter ended March 2024, Ameris Bancorp (ABCB) reported revenue of $268.22 million, up 0.2% over the same period last year. EPS came in at $1.10, compared to $0.86 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $259.71 million, representing a surprise of +3.28%. The company delivered an EPS surprise of +3.77%, with the consensus EPS estimate being $1.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.77%. A quarter ago, it was expected that this bank would post earnings of $1.12 per share when it actually produced earnings of $1.07, delivering a surprise of -4.46%.Over the last four quarters, the company has s ...

Financial Performance - Net income for Q1 2024 was $74.3 million, or $1.08 per diluted share, compared to $60.4 million, or $0.87 per diluted share in Q1 2023, representing a 22.5% increase in net income year-over-year[1]. - Net income for Mar 2024 was $74,312,000, an increase from $65,934,000 in Dec 2023, representing a growth of 20.5%[18]. - Adjusted net income for Mar 2024 reached $75,612,000, compared to $73,568,000 in Dec 2023, reflecting a 2.8% increase[18]. - Earnings per share (EPS) for Mar 2024 was $1.08, up from $0.96 in Dec 2023, marking a 12.5% rise[18]. - Net income increased to $47,376 thousand in Mar 2024 from $39,508 thousand in Dec 2023, showing a growth of 19%[34]. - Net income for total consolidated increased to $74,312 thousand in Mar 2024 from $65,934 thousand in Dec 2023, reflecting a growth of 12.5%[34]. Asset and Equity Growth - Total assets reached $25.66 billion, up from $25.20 billion at the end of Q4 2023[9]. - Shareholders' equity increased by $58.0 million, or 1.7%, to $3.48 billion at March 31, 2024[11]. - Book value per share at the end of Mar 2024 was $50.42, up from $49.62 in Dec 2023, representing a 1.6% increase[18]. - Average common shareholders' equity increased to $3,462,871 thousand from $3,383,554 thousand, representing a growth of 2.33%[20]. - Total shareholders' equity increased to $3,484,738, up from $3,426,747 in December 2023, representing a growth of 1.7%[32]. Loan and Deposit Growth - Organic loan growth was $331.0 million, or 6.5% annualized, while total deposits grew by $288.9 million, or 5.6% annualized[1]. - Total loans increased to $20,600,260 thousand in March 2024, up from $20,269,303 thousand in December 2023, representing a growth of 1.64%[22]. - Total deposits reached $20,997,390 thousand in March 2024, up from $20,708,509 thousand in December 2023, reflecting a growth of 1.39%[20]. - Total deposits increased to $20,741,613 in March 2024, up from $20,548,659 in December 2023, reflecting a growth of about 1%[23]. Income and Expense Analysis - Noninterest income increased by $9.6 million, or 17.1%, to $65.9 million in Q1 2024, driven by a 25.3% increase in mortgage banking activity[6]. - Total noninterest expense was $148,711,000 for Mar 2024, slightly down from $149,011,000 in Dec 2023[19]. - Total noninterest expense decreased to $108,300 thousand in Mar 2024 from $114,061 thousand in Dec 2023, a decrease of 5.1%[34]. - Noninterest income increased to $26,363 thousand in Mar 2024 from $24,722 thousand in Dec 2023, reflecting a growth of 6.6%[34]. Efficiency and Ratios - Return on average assets (ROA) was 1.18%, with an adjusted ROA of 1.20% for Q1 2024[1]. - The adjusted efficiency ratio rose to 54.56% in Q1 2024, compared to 52.87% in Q4 2023, primarily due to cyclical compensation expenses[7]. - Return on average assets improved to 1.18% in Mar 2024 from 1.03% in Dec 2023, indicating enhanced asset efficiency[18]. - Adjusted efficiency ratio for March 2024 improved to 54.56%, down from 56.80% in December 2023, indicating enhanced operational efficiency[29]. Credit Quality and Provisions - The allowance for credit losses on loans increased to 1.55%, with a provision for credit losses of $21.1 million recorded in Q1 2024[12]. - The allowance for credit losses was $320,023 thousand in March 2024, up from $307,100 thousand in December 2023, indicating a 4.3% increase[20]. - Provision for loan losses decreased to $25,523,000 in Mar 2024 from $30,401,000 in Dec 2023[19]. - The provision for credit losses for total consolidated was $21,105 thousand in Mar 2024, down from $22,952 thousand in Dec 2023, a decrease of 8%[34]. Trading and Market Activity - Average daily volume of shares traded increased to 407,898 in Mar 2024 from 390,190 in Dec 2023, indicating higher trading activity[18]. - Interest expense on deposits increased to $118,174,000 in Mar 2024 from $111,749,000 in Dec 2023[19].

ATLANTA, March 18, 2024 /PRNewswire/ -- Ameris Bank is pleased to announce Brady Gailey has joined the bank as Executive Director of Corporate Development, effective today. In this role, Gailey will work closely with executive management to support strategic decisions and will be responsible for investor relations, corporate strategic analysis and financial performance review. "Brady has an extensive background in the banking industry and a history of covering Ameris Bank, which gives him a unique insight i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . 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.) ...

ATLANTA, Feb. 23, 2024 /PRNewswire/ -- Ameris Bank has been recognized with five Greenwich Excellence Awards for Small Business Banking in 2023. Among more than 500 banks evaluated, Ameris Bank is one of 39 cited for Distinctive Quality in Small Business Banking nationally. The awards are based on interviews with nearly 28,000 executives of small businesses with sales of $1-$10 million across the country on a series of qualitative metrics measured by Coalition Greenwich. "Ameris is a national winner in over ...

Ameris Bancorp (NASDAQ:ABCB) Q4 2023 Earnings Conference Call January 25, 2024 9:00 AM ET Company Participants Nicole Stokes - EVP and CFO Palmer Proctor - CEO Jon Edwards - EVP and CCO Conference Call Participants Brady Gailey - KBW Casey Whitman - Piper Sandler Christopher Marinac - Janney David Feaster - Raymond James Operator Good day, and welcome to the Ameris Bancorp Fourth Quarter Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being ...

th 4 Quarter 2023 Results Investor Presentation Cautionary Statements This presentation contains forward-looking statements, as defined by federal securities laws, including, among other forward- looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identi ...

For the quarter ended December 2023, Ameris Bancorp (ABCB) reported revenue of $262.35 million, down 3.7% over the same period last year. EPS came in at $1.07, compared to $1.17 in the year-ago quarter.The reported revenue represents a surprise of -1.83% over the Zacks Consensus Estimate of $267.23 million. With the consensus EPS estimate being $1.12, the EPS surprise was -4.46%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...