Ameris Bancorp(ABCB)

Search documents
Ameris Bancorp(ABCB) - 2022 Q2 - Earnings Call Transcript
2022-07-27 20:42
Ameris Bancorp (NYSE:ABCB) Q2 2022 Earnings Conference Call July 27, 2022 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Jon Edwards - Chief Credit Officer Conference Call Participants Brady Gailey - KBW David Feaster - Raymond James Christopher Marinac - Janney Montgomery Scott Jennifer Demba - Truist Securities Operator Hello, and welcome to today's Ameris Bancorp's Second Quarter Earnings Call. My name is Bailey, and I'll be the moderator ...
Ameris Bancorp(ABCB) - 2022 Q1 - Quarterly Report
2022-05-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1 per share ABCB Nasdaq Global Select Market Emerging growth company ☐ 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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 O ...
Ameris Bancorp(ABCB) - 2022 Q1 - Earnings Call Transcript
2022-04-27 20:48
Ameris Bancorp (NYSE:ABCB) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET Company Participants Nicole Stokes - Corporate Executive VP and CFO Palmer Proctor - CEO and Director Conference Call Participants Brady Gailey - KBW Casey Whitman - Piper Sandler Kevin Fitzsimmons - D.A. Davidson David Feaster - Raymond James Jennifer Demba - Truist Securities Christopher Marinac - Janney Montgomery Scott Brody Preston - Stephens Inc Operator Hello, everyone, and welcome to the Ameris Bank First Quarter E ...
Ameris Bancorp(ABCB) - 2021 Q4 - Annual Report
2022-02-27 16:00
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, 2021, 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.) ...
Ameris Bancorp(ABCB) - 2021 Q4 - Earnings Call Transcript
2022-01-28 20:55
Financial Data and Key Metrics Changes - For 2021, the company reported a record net income of $368.7 million or $5.29 per diluted share, a 22% increase over 2020 [6][19] - The fourth quarter net income was $81.5 million or $1.17 per diluted share, with a return on average assets (ROA) of 1.40% and a return on tangible equity (ROTCE) of 16.88% [7][17] - The tangible book value increased by over 10% in 2021, ending at $26.26 [20] Business Line Data and Key Metrics Changes - Loan growth for the fourth quarter was over $383 million, representing over 10% annualized growth, with full-year loan growth at $1.4 billion or 10.5% excluding PPP runoff [7][40] - Noninterest income increased by $5.2 million for the quarter, with a significant recovery in servicing rights [31] - Retail mortgage originations as a percentage of pre-provision pre-tax income declined to 13%, down from 50% last year [32] Market Data and Key Metrics Changes - Total deposits approached $20 billion, with noninterest-bearing deposits accounting for over 39% of total deposits [8][41] - The company experienced a deposit growth of $832 million in the fourth quarter, with significant contributions from both noninterest-bearing and interest-bearing deposits [41] Company Strategy and Development Direction - The acquisition of Balboa Capital Corporation is expected to enhance the company's technology and revenue generation, targeting $70 million in revenue from Balboa [13][67] - The company aims to maintain a sub 55% efficiency ratio while focusing on organic growth and leveraging technology across its operations [36][66] - The company is positioned for loan growth in the upper single digits for 2022, with a strong loan pipeline and asset-sensitive balance sheet [8][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance in 2022, citing strong fundamentals and a robust loan pipeline [15][42] - The company anticipates net interest income (NII) to increase by 6% to 7% in a rising rate environment, with every 25 basis points of rate movement expected to increase NII by about $9.5 million to $10 million [28][74] - Management acknowledged competitive pressures on pricing but indicated a disciplined approach to maintaining margins [59][60] Other Important Information - The company repurchased 1.3 million shares during the fourth quarter, with approximately $78 million remaining on the share repurchase program [10] - The allowance for loan losses was $167.6 million at year-end, reflecting net recoveries for the second consecutive quarter [30] Q&A Session Summary Question: Outlook for mortgage volume and gain on sale - Management remains encouraged by the mortgage contribution, expecting normalization in seasonality and strong performance in subsequent quarters [45] Question: Plans for growing the bond book - The company has about $3 billion in excess liquidity and aims to increase its bond portfolio to around 7.5% of total assets [46] Question: Impact of NSF fees and overdraft - NSF fees accounted for about $16 million in 2021, with a budgeted decline of 25% anticipated [48] Question: Increase in problem loans - The increase was attributed to purchased credit deteriorated loans from Balboa and loans under CARES Act provisions [50] Question: Acquisition interest going forward - The company remains focused on integrating Balboa but is open to future acquisition opportunities [51] Question: Revenue expectations from Balboa - The anticipated revenue from Balboa includes both net interest income and fee income, with expectations of significant contributions [54]
Ameris Bancorp(ABCB) - 2021 Q3 - Earnings Call Transcript
2021-10-29 15:57
Ameris Bancorp (NYSE:ABCB) Q3 2021 Earnings Conference Call October 29, 2021 9:00 AM ET Company Participants Nicole Stokes - Executive Vice President and Chief Financial Officer Palmer Proctor - Chief Executive Officer Jon Edwards - Executive Vice President and Chief Credit Officer Conference Call Participants Brady Gailey - KBW Casey Whitman - Piper Sandler Kevin Fitzsimmons - D.A. Davidson David Feaster - Raymond James Christopher Marinac - Janney Montgomery Scott Brody Preston - Stephens Inc. Operator Go ...