Welcome to our dedicated page for Ameris Bancorp news (Ticker: ABCB), a resource for investors and traders seeking the latest updates and insights on Ameris Bancorp stock.
Ameris Bancorp (NYSE: ABCB) is the parent company of Ameris Bank, a state‑chartered bank headquartered in Atlanta, Georgia. This news page aggregates company announcements and market updates related to Ameris Bancorp and Ameris Bank, giving readers a single place to review the latest disclosures from this commercial banking organization.
Ameris Bancorp regularly issues earnings press releases detailing quarterly financial results, including net income, net interest income, net interest margin, loan and deposit trends, efficiency ratio, tangible book value measures and credit quality metrics. These releases are often accompanied by teleconference details and investor presentation materials, and are also furnished to the SEC on Form 8‑K.
In addition to earnings, Ameris Bancorp news covers capital management actions such as quarterly cash dividends on its common stock and board‑authorized share repurchase programs. Announcements may describe the size and duration of repurchase authorizations, as well as the factors that influence the timing and amount of any repurchases.
Ameris Bank also issues news related to community and customer initiatives. Recent communications highlight participation in Federal Home Loan Bank of Atlanta Affordable Housing Program grants that support multifamily affordable rental developments in Georgia and Florida, and the Ameris Choice homebuyer assistance program, which offers down payment assistance to qualified first‑time homebuyers in selected southeastern markets.
By following this page, readers can review Ameris Bancorp’s official statements on financial performance, dividends, share repurchases, affordable housing grants, homeownership programs and other developments affecting the company’s commercial banking operations and lending activities.
Ameris Bancorp (Nasdaq: ABCB) has successfully closed an underwritten public offering of $110 million in 3.875% fixed-to-floating rate subordinated notes due 2030. These Notes will initially feature a fixed interest rate of 3.875% until October 1, 2025, after which they will shift to a floating rate based on the Benchmark rate plus 375.3 basis points. The proceeds will be utilized for general corporate purposes. This offering was managed by Keefe, Bruyette & Woods and Piper Sandler. The offering is registered under the Securities Act of 1933.
Ameris Bancorp (Nasdaq: ABCB) has announced the pricing of its public offering of $110 million in 3.875% Fixed-to-Floating Rate Subordinated Notes due 2030. The Notes will start with a fixed interest rate of 3.875% and shift to a floating rate based on the Three-Month Term SOFR plus 375.3 basis points from October 1, 2025. The offering is set to close on September 28, 2020, pending customary conditions. Proceeds will be used for general corporate purposes. This issuance is part of an effective shelf registration with the SEC.
Ameris Bancorp (NASDAQ: ABCB) announces strategic growth plans focusing on high-impact markets. The company is investing in seasoned banking talent, expanding its market presence in Tampa, Greenville, Augusta, and Charlotte, and enhancing its technology infrastructure. CEO Palmer Proctor highlights a strong balance sheet, allowing for significant investments despite economic challenges. The bank is also prioritizing digital offerings to meet evolving consumer preferences. Last year's net income reached $161.4 million, indicating resilience during the pandemic.
Ameris Bancorp (ABCB) reported a net income of $32.2 million or $0.47 per diluted share for Q2 2020, down from $38.9 million or $0.82 in Q2 2019. This decline is primarily due to an increase in credit loss provision of $83.5 million and salaries by $19.2 million. Adjusted net income was $42.4 million or $0.61 per diluted share. Year-to-date, net income was $51.6 million compared to $78.8 million in 2019. The allowance for credit losses rose to $208 million. The company managed to fund $1.4 billion in new loans, including PPP loans.