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 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.
Ameris Bancorp (NYSE: ABCB) has announced that it will release its third quarter 2024 financial results after market close on Thursday, October 24, 2024. The company will host a teleconference on Friday, October 25, 2024, at 9:00 a.m. Eastern time to discuss the results. Key executives, including CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and CCO Douglas D. Strange, will lead the call.
Investors can access the conference call by dialing 1-844-481-2939 with the conference ID 'Ameris Bancorp'. A replay will be available until November 1, 2024, by dialing 1-877-344-7529 with access code 1525671. Additionally, a live webcast will be available on the Investor Relations page of the Ameris Bank website.
Ameris Bancorp, the parent company of Ameris Bank, operates 164 financial centers across the Southeast and serves customers nationwide. As of June 30, 2024, Ameris manages $26.5 billion in assets and offers a range of banking, lending, treasury, and insurance services.
Ameris Bancorp (NYSE: ABCB) has announced a quarterly dividend of $0.15 per share of common stock. The dividend will be payable on October 7, 2024, to shareholders of record as of September 30, 2024. Ameris Bancorp is the parent company of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia.
Ameris operates 164 financial centers across the Southeast and serves customers nationwide through select lending channels. The company manages $26.5 billion in assets as of June 30, 2024. Ameris Bank offers a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services.
Ameris Bank's Corporate Information Security Officer, Jorge Perez, has been named to the prestigious 2025 HITEC 100 list, which honors the most influential Hispanic professionals in technology. This marks Perez's fourth consecutive year on the list. The HITEC 100 recognizes achievements of top U.S.-based Hispanic technology executives, with the aim of celebrating impactful leadership and inspiring others in the field.
The 2025 HITEC 100 includes leaders from global Fortune 100 firms, with 46% of recipients being Latinas and representing 16 countries. Recipients come from 65 different companies, with 38% being first-time honorees. Nominations are evaluated based on scope of work, contributions to technology, leadership, and efforts to mentor future Hispanic technology leaders.
Ameris Bank has expanded its commercial banking team with two key hires. Bill Kilburg joins as senior vice president, relationship manager, bringing over 25 years of financial services experience, including 20 years in commercial banking with BB&T (now Truist). Patrick Murphy becomes senior vice president, government relationship manager, with 30 years of government banking expertise.
Kilburg, based in Metro Atlanta, is a Florida State University graduate. Murphy, a graduate of Eastern Connecticut State University, is based in Jacksonville and will work throughout Florida. Ameris Bank President Lawton Bassett emphasized that these hires bring invaluable industry expertise, deep knowledge, and practical experience to better serve customers and drive strategic growth.
Ameris Bank (ABCB) has appointed Jorge Perez as its new Corporate Information Security Officer (CISO), reporting to Chief Information Officer Ross Creasy. Perez brings extensive experience in cybersecurity, having previously served as CISO of Wholesale Banking, Enterprise Payments, and Core Technology & Operations at Truist Financial. His background includes roles at InterContinental Hotels Group and KPMG , focusing on cyber security services. Perez holds a bachelor's degree in business administration from Florida International University and has been recognized among the 100 most influential Hispanic professionals in the technology industry for three consecutive years.
Ameris Bancorp (NYSE: ABCB) reported strong financial results for Q2 2024, with net income of $90.8 million ($1.32 per diluted share) and adjusted net income of $80.8 million ($1.17 per diluted share). Key highlights include:
- Net interest margin improved to 3.58% from 3.51% in Q1 2024
- Organic loan growth of $392.3 million (7.7% annualized)
- Total deposit growth of $446.8 million (8.6% annualized)
- Tangible book value increased by $1.27 per share (14.8% annualized) to $35.79
- TCE ratio improved to 9.72% from 8.80% a year ago
- Allowance for loan losses increased to 1.60% of loans
The company achieved margin expansion, growth in net interest income, and an increase in core deposits, resulting in a PPNR ROA exceeding 2%. Management remains optimistic about future performance, driven by a strong balance sheet and thriving Southeastern markets.
Ameris Bancorp (Nasdaq: ABCB) announced a strategic move to transfer its common stock listing from Nasdaq to the New York Stock Exchange (NYSE). This transition is set to occur on July 23, 2024, with Ameris continuing to trade under the ticker symbol 'ABCB'. The company's stock will trade on Nasdaq until the close of business on July 22, 2024. Ameris's leadership team, including CEO Palmer Proctor, will celebrate the listing transfer by ringing the NYSE Opening Bell. The shift is aimed at enhancing Ameris's visibility and market position. Ameris Bancorp, headquartered in Atlanta, Georgia, manages $25.7 billion in assets and operates 164 financial centers across the Southeast.