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.
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Ameris Bancorp (Nasdaq: ABCB) plans to release its first quarter 2023 financial results after market close on April 27, 2023. CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards will discuss the results during a teleconference at 9:00 a.m. Eastern time on April 28, 2023. The call can be accessed by dialing 1-833-470-1428 with access code 529368. A replay will be available until May 12, 2023, at 1-866-813-9403 using access code 785707. Financial results can also be found on the Investor Relations page.
Ameris Bank has donated $2,055,000 to 15 rural hospitals in Georgia through the Georgia HEART Hospital Program in 2023. Since 2018, Ameris has contributed over $10,000,000 to support rural healthcare. The donations allow each hospital to address its unique needs, ensuring quality healthcare for local communities. The Georgia HEART program works alongside the Georgia Rural Hospital Tax Credit bill to enhance funding for these hospitals. Ameris Bank, part of Ameris Bancorp (Nasdaq: ABCB), manages more than $25.05 billion in assets and operates 164 financial centers across the Southeast.
Ameris Bancorp (ABCB) reported strong financial results for the year ended December 31, 2022, with a net income of $346.5 million, or $4.99 per diluted share. The company's tangible book value rose by 13.9% to $29.92 per share. Total revenue increased 6.3% to $1.09 billion, driven by a 22.1% organic growth in loans, totaling $3.51 billion. Additionally, net interest margin improved by 44bps to 3.76%. However, noninterest income fell 22.2% year-over-year, largely due to decreased mortgage banking activity. Despite economic challenges, the company is well-positioned for growth moving forward.
Ameris Bancorp (Nasdaq: ABCB) announced its plans to release the fourth quarter and full year 2022 financial results on January 26, 2023, after market close. The company's leadership, including CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards, will hold a teleconference on January 27, 2023, at 9:00 a.m. Eastern time to discuss the results. Participants can access the call via phone, and a replay will be available until February 10, 2023. Financial details will also be posted on the Investor Relations page of Ameris Bank's website.
Ameris Bancorp (Nasdaq: ABCB) reported a net income of $92.6 million, or $1.34 per diluted share for Q3 2022, compared to $81.7 million or $1.17 per share in Q3 2021. Adjusted net income was $91.8 million ($1.32 per share). The company saw tangible book value increase by 10.4% to $28.62 per share. Net interest income rose by 11.2% to $213.9 million, while net interest margin improved to 3.97%. However, noninterest income fell by 22.1% due to decreased mortgage banking activity.
Ameris Bancorp (Nasdaq: ABCB) will release its Q3 2022 financial results after market close on October 27, 2022. CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards will host a teleconference on October 28, 2022, at 9:00 a.m. Eastern Time to discuss the results. The call can be accessed via phone, with a replay available until November 11, 2022. Financial details will be accessible on the Investor Relations page of the Ameris Bank website.
Ameris Bank has launched the Ameris Down Payment Grant Program, committing $10 million over three years to assist eligible first-time homebuyers with down payment and closing costs. The program offers up to $12,500 in forgivable grants and includes homebuyer education. Designed to aid low-to-moderate income buyers, particularly in underserved and minority communities, this initiative aims to foster homeownership amidst challenging housing market conditions. More information is available at amerisbank.com/grant.
Ameris Bancorp (Nasdaq: ABCB) reported strong financial results for Q2 2022, with net income of $90.1 million ($1.30 per diluted share), up from $88.3 million a year earlier. Adjusted total revenue increased by $14.2 million (5.7%) from the previous quarter. Tangible book value grew to $27.89 per share, a 15.7% annualized increase. The net interest margin improved to 3.66%, with organic loan growth of $1.4 billion (35.1% annualized). While noninterest income saw a slight decline, noninterest expenses decreased by 1.1%.
Ameris Bancorp (Nasdaq: ABCB) will release its second quarter 2022 financial results on July 26, 2022, after market close. CEO H. Palmer Proctor, Jr., CFO Nicole S. Stokes, and Chief Credit Officer Jon S. Edwards will host a teleconference on July 27, 2022, at 9:00 a.m. Eastern time to discuss the results. Interested parties can access the call at 1-844-200-6205 (or 1-929-526-1599 internationally) with the access code 603616. A replay will be available until August 10, 2022. More details will be available on their Investor Relations page.