Latest news with #AmerisBancorp
Business Wire
7 days ago
- Business
- Business Wire
Ameris Bancorp Announces Quarterly Dividend
ATLANTA--(BUSINESS WIRE)--The board of directors of Ameris Bancorp (NYSE: ABCB) (the 'Company') has declared a dividend of $0.20 per share of the Company's common stock, payable on July 7, 2025, to shareholders of record as of June 30, 2025. About Ameris Bancorp Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and also serves consumer and business customers nationwide through select lending channels. Ameris manages $26.5 billion in assets as of March 31, 2025, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at
Yahoo
30-04-2025
- Business
- Yahoo
Ameris Bancorp (ABCB) Q1 2025 Earnings Call Highlights: Strong Financial Performance and ...
Net Income: $87.9 million or $1.27 per diluted share, a 17% increase over the first quarter of last year. Net Interest Income: Increased by $20 million compared to the first quarter of last year. Efficiency Ratio: Improved to 52.83% from 55.64% in the first quarter of last year. Return on Assets (ROA): 1.36%. Pre-Provision Net Revenue (PPNR) ROA: 2.08%. Return on Tangible Common Equity: 13.16%. Tangible Book Value per Share: Increased by $1.19 to $39.78. Tangible Common Equity Ratio: 10.78% at the end of the quarter. Share Buyback: Repurchased approximately $15 million of common stock or 253,000 shares. Net Interest Margin: Expanded 9 basis points to 3.73%. Provision for Credit Losses: $21.9 million, increasing reserve to 1.67% of loans. Total Nonperforming Assets: Improved to 44 basis points of assets. Noninterest Income: Decreased by $4.9 million. Total Assets: $26.5 billion at the end of the quarter. Deposit Growth: Increased by $190 million, representing a 4% annualized growth rate. Noninterest-Bearing Deposits: Represent 30.8% of total deposits. Loan Production: $1.5 billion in the first quarter. Warning! GuruFocus has detected 1 Warning Sign with ABCB. Release Date: April 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ameris Bancorp (NYSE:ABCB) reported a strong start to 2025 with a 1.36% return on assets (ROA) and a return on tangible common equity over 13%. The company achieved a net interest margin of 3.73%, which is well above most peer levels, supported by a strong 30% level of noninterest-bearing deposits. Ameris Bancorp (NYSE:ABCB) successfully reduced quarterly expenses, leading to an efficiency ratio improvement of 281 basis points compared to the first quarter of last year. The company strengthened its capital position with a common equity Tier 1 ratio of 12.9% and a tangible common equity ratio of 10.8%. Ameris Bancorp (NYSE:ABCB) achieved a 4% annualized growth in core deposits, with a significant portion being noninterest-bearing, and repurchased $15 million of stock during the quarter. Noninterest income decreased by $4.9 million, primarily due to reduced gains on the sale of SBA loans and a decline in mortgage division revenue. Loan balances were stable, reflecting continued seasonality in the mortgage warehouse and mortgage portfolio, with total loan production slightly down from the previous quarter. The company recorded a $21.9 million provision for credit losses, increasing the reserve to 1.67% of loans. There is an expectation of margin normalization above 3.60% in the coming quarters due to anticipated pressure on deposits as loan growth picks up. The reserve build was influenced by economic forecasts, with a shift to a more conservative weighting, reflecting uncertainties such as tariffs. Q: What is driving the resilience in loan yields, and do you expect them to improve further? A: Nicole Stokes, CFO, explained that the loan production for the quarter was around 6.86%, with the core bank at 8%. The resilience is due to high mortgage rates and the premium finance division's short maturity acting like variable rates. Loan yields are expected to remain consistent, with margin compression likely coming from the deposit side as loan growth picks up in the second half of the year. Q: How is Ameris Bancorp balancing economic uncertainty with potential growth opportunities? A: CEO H. Proctor stated that the company will remain measured rather than aggressive in the current environment. They are well-positioned with capital and liquidity to seize opportunities when appropriate. The company has hired additional bankers and is ready to accelerate growth when conditions are favorable. Q: Can you provide insights into the expense control and expectations for future quarters? A: Nicole Stokes noted that the quarter's expense control was strong, with no significant credits or reduced incentive compensation driving it. The company expects expenses to align with consensus, considering merit increases and seasonal payroll tax adjustments. Q: What factors influenced the reserve build despite strong asset quality? A: Douglas Strange, Chief Credit Officer, explained that the reserve build was model-driven, influenced by economic forecasts and a shift to a more adverse scenario weighting due to unexpected economic data, particularly related to tariffs. Q: How is Ameris Bancorp approaching capital deployment, including share buybacks and sub-debt considerations? A: CEO H. Proctor mentioned that the company prefers organic growth but is considering options like sub-debt and share buybacks. They are confident in their capital position for both offensive and defensive strategies in the current environment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Ameris Bancorp's (NYSE:ABCB) investors will be pleased with their solid 227% return over the last five years
Ameris Bancorp (NYSE:ABCB) shareholders have seen the share price descend 13% over the month. But in stark contrast, the returns over the last half decade have impressed. It's fair to say most would be happy with 203% the gain in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Ultimately business performance will determine whether the stock price continues the positive long term trend. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. See our latest analysis for Ameris Bancorp While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, Ameris Bancorp managed to grow its earnings per share at 14% a year. This EPS growth is lower than the 25% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). We know that Ameris Bancorp has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Ameris Bancorp the TSR over the last 5 years was 227%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return. It's nice to see that Ameris Bancorp shareholders have received a total shareholder return of 26% over the last year. That's including the dividend. However, that falls short of the 27% TSR per annum it has made for shareholders, each year, over five years. If you would like to research Ameris Bancorp in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company. Of course Ameris Bancorp may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
