Ameris Bancorp Stock Price, News & Analysis

Ameris Bank (ABCB) is distributing over $1.14 million in grants to three organizations addressing heirs' property challenges. The funding comes from FHLBank Atlanta's 2024 Heirs' Property Family Wealth Protection Fund, which is awarding $5.9 million total through member banks. The grants will be distributed as follows: $450,000 to LISC Jacksonville, $442,404 to Legal Services of North Florida, and $250,000 to Invest Atlanta.

The initiative aims to help families avoid involuntary property loss, resolve title issues, and promote stable homeownership. A 2024 Harris Poll revealed that while 90% of homeowners expect their home equity to benefit heirs, 43% lack a will/trust or estate plan, and approximately 20% are uncertain about having clear titles or recorded deeds.

Ameris Bancorp reported strong Q1 2025 financial results with net income of $87.9 million, or $1.27 per diluted share, up from $74.3 million in Q1 2024. Key highlights include:

• Net interest margin expanded to 3.73%, a 9 basis point increase from Q4 2024
• Tangible book value grew 12.5% annualized to $39.78 per share
• Noninterest bearing deposits increased to 30.8% of total deposits
• Total assets reached $26.51 billion
• Efficiency ratio improved to 52.83%

The bank strengthened its financial position with TCE ratio growing to 10.78% and increased allowance for credit losses to 1.67% of loans. Credit quality remained solid with annualized net charge-offs at 0.18%. The bank's focus on operational efficiency, strong core deposits, and healthy margins positions it well for continued growth in Southeast markets.

Ameris Bancorp (NYSE: ABCB) has scheduled the release of its first quarter 2025 financial results after market close on April 28, 2025. The company will host a teleconference on April 29, 2025, at 9:00 a.m. Eastern time, featuring CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and CCO Douglas D. Strange.

The conference call will be accessible via phone at 1-844-481-2939, with a replay available until May 6, 2025, at 1-877-344-7529 (access code: 5049412). Financial information will be available on the Ameris Bank website's Investor Relations page, including a live webcast option.

Ameris Bank, headquartered in Atlanta, Georgia, operates 164 financial centers across the Southeast and serves customers nationwide through select lending channels. The bank manages $26.3 billion in assets as of December 31, 2024, offering traditional banking, lending, treasury, cash management, insurance premium financing, and mortgage services.

Ameris Bancorp (NYSE: ABCB) has announced its quarterly dividend payment of $0.20 per share of common stock. The dividend will be paid on April 7, 2025, to shareholders of record as of March 31, 2025.

Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia, operates 164 financial centers across the Southeast and serves customers nationwide through select lending channels. The bank currently manages $26.3 billion in assets as of December 31, 2024, offering traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage services.

Ameris Bank has announced the promotion of Merri Ellen Wadsworth to the position of controller, where she will report to Chief Financial Officer Nicole Stokes. In her new role, Wadsworth will oversee accounting and finance functions, including accounts payable, core bank accounting, business line accounting, general ledger maintenance, and financial system controls.

Wadsworth, who joined Ameris in 2020 as director of Finance and Accounting, previously served as EVP and managing director of Enterprise Operations. Her achievements include leading financial planning and budgeting processes, redesigning the Accounting and Finance organizational structure, and building an accountant team to support business operations.

Prior to Ameris, she held positions as director of financial reporting at SunTrust (now Truist) and audit senior manager at Crowe Horwath, LLP. Wadsworth holds bachelor's and master's degrees in accounting from Georgia Southern University and is a Certified Public Accountant.

Ameris Bank (ABCB) has announced a donation of $1.694 million to 17 rural hospitals across Georgia through the Georgia HEART Hospital Program in 2025. This represents the bank's eighth consecutive year participating in the state income tax credit program, bringing their total contributions to $14.6 million.

The donations will benefit healthcare facilities across 17 counties, including Colquitt Regional Medical Center, Liberty Regional Medical Center, Southeast Georgia Health System, Higgins General Hospital, and Dodge County Hospital. The Georgia Rural Hospital Tax Credit program, established in 2017, allows Georgia businesses and taxpayers to redirect their state income tax liability to support eligible hospitals.

Ameris Bank (ABCB) has announced a $2 million contribution to the Florida Housing Finance 's Live Local Program, which provides low-interest loans for affordable housing development in Florida. The program, administered by the State Apartment Incentive Loan Program (SAIL), offers taxpayers dollar-for-dollar credit against Florida corporate income tax or insurance premium tax.

CEO Palmer Proctor emphasized the initiative's focus on supporting workers seeking housing near their workplace, as well as addressing the needs of elderly and low-income families affected by housing availability.