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 (NYSE: ABCB) reported strong Q4 2024 financial results with net income of $94.4 million, or $1.37 per diluted share, up from $65.9 million in Q4 2023. Key highlights include:
- Total revenue growth of 9.8% annualized
- Net interest income increase of $7.7 million to $222.8 million
- Net interest margin expansion to 3.64%
- Efficiency ratio of 52.26%
- 33.3% dividend increase to $0.20 per share
For full-year 2024, the company achieved:
- Net income of $358.7 million ($5.19 per diluted share)
- ROA of 1.38%
- Total deposits increase of $1.01 billion (4.9%)
- Tangible book value growth of 14.7% to $38.59
- Net charge-offs declined to 0.19% of average total loans
Ameris Bank (ABCB) has announced multiple strategic hires and promotions across its Commercial Banking team in key Southeast markets. Key appointments include John Krusoe as Tampa market president, Andrew Hebert as senior commercial relationship manager in Orlando, and Thomas McTier II as senior middle market relationship manager in Charlotte.
In Atlanta, the bank promoted Chap Bennett to managing director of the Homebuilder Division and Scott Cleveland to north Atlanta market president. Other notable hires include William Brown in Charlotte, Era Kohli and William Wideman in Atlanta's business banking team.
These appointments strengthen Ameris Bank's commercial banking capabilities across various sectors including agribusiness, healthcare, professional services, and manufacturing. The bank's strategy focuses on enhancing its presence in high-growth Southeast markets through experienced leaders with local market expertise.
Ameris Bancorp (NYSE: ABCB) has earned a spot on Forbes' inaugural list of America's Best Companies 2025. The selection process involved analyzing over 60 metrics, including customer sentiment, public trust, cybersecurity, employee satisfaction, workforce stability, and financial strength.
CEO Palmer Proctor, Jr. attributed this recognition to the team's dedication to excellent customer service while maintaining strong performance metrics. The bank operates more than 200 locations across the Southeast and Mid-Atlantic regions, offering comprehensive financial services including mortgage loans, retail banking, credit cards, business banking, and treasury services.
The bank combines technology-driven solutions with personalized service, featuring both physical branches and digital banking options. Ameris Bancorp was selected among thousands of companies for Forbes' Top 300 list, which Forbes describes as a 'definitive ranking of company quality.'
Ameris Bancorp (NYSE: ABCB) has scheduled its fourth quarter and full year 2024 financial results announcement for January 30, 2025, after market close. The company will host a teleconference on January 31, 2025, at 9:00 a.m. Eastern time, featuring CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and CCO Douglas D. Strange.
Investors can access the conference call by dialing 1-844-481-2939, with a replay available until February 7, 2025, at 1-877-344-7529 using access code 2270789. The presentation will also be available via webcast on the Ameris Bank Investor Relations website.
Ameris Bank, headquartered in Atlanta, Georgia, operates 164 financial centers across the Southeast and manages $26.4 billion in assets as of September 30, 2024. The bank offers traditional banking services, treasury management, insurance premium financing, and mortgage services.
Ameris Bancorp (NYSE: ABCB) has announced a 33.3% increase in its quarterly dividend, raising it from $0.15 to $0.20 per share. The dividend will be payable on January 6, 2025, to shareholders of record as of December 31, 2024.
The company, headquartered in Atlanta, Georgia, operates 164 financial centers across the Southeast and serves customers nationwide through select lending channels. As of September 30, 2024, Ameris manages $26.4 billion in assets and provides traditional banking, lending products, treasury and cash management, insurance premium financing, and mortgage services.
Nexus W2V has secured $140 million in investments, including a $75 million structured equity commitment from Orion Infrastructure Capital, to construct its flagship Kingsbury Bioenergy Complex in La Porte, Indiana. The facility will convert organic waste into renewable natural gas (RNG) and other products.
Located 70 miles from Chicago, the facility will process 200 tons of organic waste daily and is expected to be fully operational by the end of 2026, creating 35 local jobs. The RNG produced will be injected into Northern Indiana's pipeline system. Additional investors include Nexus Holdings, Khasma Capital, Sterling Bank, and Ameris Bank.
Nexus W2V, a waste-to-value infrastructure developer, has secured a $140MM investment package, including a $75 million structured equity commitment from Orion Infrastructure Capital (OIC), with additional funding from Nexus Holdings, Khasma Capital, and Ameris Bank. The company has announced the construction of its flagship Kingsbury Bioenergy Complex in La Porte, Indiana.
The facility, located 70 miles outside Chicago, will process 200 tons of organic waste daily into renewable natural gas (RNG) and other products. The RNG will be injected into Northern Indiana's pipeline system. Expected to be fully operational by the end of 2026, the project will create 35 local jobs and serve as a blueprint for future nationwide waste-to-value projects.
Ameris Bank has appointed Emily Dawkins as its new Florida president, succeeding Brian Parks who has been promoted to head of Wholesale Banking. Dawkins, formerly regional president of North Florida at Truist, brings 20 years of banking experience to her new role.
In her position, Dawkins will oversee the bank's expansion throughout Florida and enhance its commercial lending, treasury, and traditional banking services. Her background includes completing Truist's Commercial Associate Program and serving as both a Commercial relationship manager and Capital Markets originator.
Active in community service, Dawkins serves on the Baptist Medical Center South Board and ReThreaded's Circle of Sisters. She holds a BS in Finance with a Spanish minor from the University of Florida.
Ameris Bank has appointed Brian Parks as the new head of Wholesale Banking, reporting to President Lawton Bassett. Parks, who will be based in Atlanta, will oversee Treasury Management, Industry Specialty Banking, Commercial Real Estate & Capital Markets, Corporate Banking, and the metro Atlanta market. Since joining Ameris in 2020 as regional president for Florida markets, Parks has expanded the bank's presence from Jacksonville to Orlando to Tampa. Prior to Ameris, he spent 22 years at SunTrust (now Truist) in various leadership roles.
Ameris Bancorp (NYSE: ABCB) reported strong Q3 2024 financial results with net income of $99.2 million, or $1.44 per diluted share, up from $80.1 million in Q3 2023. Key highlights include adjusted net income of $95.2 million ($1.38 per diluted share), net interest margin of 3.51%, and total deposits growth of $435.1 million (8.1% annualized). The company achieved a Return on Average Assets of 1.49% and grew tangible book value by 19.1% annualized to $37.51. Notable improvements include TCE ratio reaching 10.24% and reduced exposure to GNMA nonaccrual loans by $85.4 million through MSR sale.