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 reports news as a bank holding company operating through Ameris Bank, a state-chartered bank serving consumer and business customers across a Southeast financial-center network and nationwide through selected lending channels. Updates commonly cover quarterly earnings, net interest income and margin trends, loan and earning-asset growth, credit-related commentary, and capital actions such as dividends and common-stock repurchases.
Company announcements also address Ameris Bank products and service lines, including traditional banking and lending, treasury and cash management, mortgage and refinancing services, equipment finance, warehouse lending, and insurance premium financing. Governance and leadership changes at the bank holding company and its subsidiary are recurring disclosure themes.
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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.