Ameris Bancorp (ABCB)

Company Profile

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. The Company's banking subsidiary, Ameris Bank, had 164 locations in Georgia, Florida, South Carolina and Alabama at the end of the most recent quarter.

Company profile

Ticker

ABCB

Exchange

NASDAQ

Website

www.amerisbank.com

CEO

H. Palmer Proctor

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

State Street • Ally Financial • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Bank Of New York Mellon • Popular • Associated Banc-Corp. • SVB Financial ...

Former names

ABC BANCORP

SEC CIK

0000351569

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Balboa Capital Corporation • BCC Funding II LLC • BCC Funding IX LLC • BCC Funding XII LLC • BCC Funding XIV LLC • BCC Funding XV LLC • BCC Funding XVI LLC • BCC Funding XVII LLC • BCC Funding XVIII LLC • Ameris Bank Mortgage Securities LLC ...

IRS number

581456434

ABCB stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$56.00

Low target

$52.00

High target

$60.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

28 Feb 23

Ameris Bancorp Announces Fourth Quarter and Full Year 2022 Financial Results

7 Nov 22

Ameris Bancorp Announces Financial Results for Third Quarter 2022

5 Aug 22

Ameris Bancorp Announces Financial Results for Second Quarter 2022

26 Jul 22

8-K

Submission of Matters to a Vote of Security Holders

10 Jun 22

S-8

Registration of securities for employees

6 May 22

Ameris Bancorp Announces Financial Results for First Quarter 2022

26 Apr 22

Transcripts

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ABCB

Earnings call transcript

2022 Q4

28 Jan 23

ABCB

Earnings call transcript

2022 Q3

28 Oct 22

ABCB

Earnings call transcript

2022 Q2

27 Jul 22

ABCB

Earnings call transcript

2022 Q1

27 Apr 22

ABCB

Earnings call transcript

2021 Q4

28 Jan 22

ABCB

Earnings call transcript

2021 Q3

29 Oct 21

ABCB

Earnings call transcript

2021 Q2

23 Jul 21

ABCB

Earnings call transcript

2021 Q1

23 Apr 21

ABCB

Earnings call transcript

2020 Q4

29 Jan 21

ABCB

Earnings call transcript

2020 Q3

23 Oct 20

Latest ownership filings

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Financial summary

Financial statements Chart ABCB financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.12 bn	1.12 bn	1.12 bn	1.12 bn	1.12 bn	1.12 bn
Cash burn (monthly)	71.01 mm	245.54 mm	(no burn)	(no burn)	105.33 k	(no burn)
Cash used (since last report)	195.57 mm	676.23 mm	n/a	n/a	290.09 k	n/a
Cash remaining	922.56 mm	441.90 mm	n/a	n/a	1.12 bn	n/a
Runway (months of cash)	13.0	1.8	n/a	n/a	10612.4	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

ABCB institutional ownership history Ownership history

90.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	271	241	+12.4%
Opened positions	55	24	+129.2%
Closed positions	25	29	-13.8%
Increased positions	74	82	-9.8%
Reduced positions	102	94	+8.5%

13F shares	Current	Prev Q	Change
Total value	2.93 tn	2.55 bn	+114812.2%
Total shares	63.07 mm	56.97 mm	+10.7%
Total puts	2.30 k	4.80 k	-52.1%
Total calls	36.80 k	29.40 k	+25.2%
Total put/call ratio	0.1	0.2	-61.7%

Largest owners	Shares	Value	Change
BLK Blackrock	10.16 mm	$479.16 bn	+0.1%
Vanguard	7.42 mm	$349.69 bn	+1.0%
Wellington Management	6.10 mm	$287.66 bn	-3.4%
Dimensional Fund Advisors	3.85 mm	$181.23 bn	+5.9%
STT State Street	3.00 mm	$141.76 bn	NEW
PFG Principal Financial Group Inc - Registered Shares	2.03 mm	$95.51 bn	-4.8%
American Century Companies	2.02 mm	$95.17 bn	-13.5%
Independent Advisor Alliance	1.93 mm	$90.92 bn	NEW
JHG Janus Henderson	1.60 mm	$75.52 bn	-10.2%
AMP Ameriprise Financial	1.39 mm	$65.67 bn	-1.8%

Largest transactions	Shares	Bought/sold	Change
STT State Street	3.00 mm	+3.00 mm	NEW
Independent Advisor Alliance	1.93 mm	+1.93 mm	NEW
North Reef Capital Management	1.11 mm	+1.11 mm	NEW
Norges Bank	674.04 k	+674.04 k	NEW
Davis Asset Management	400.00 k	+400.00 k	NEW
American Century Companies	2.02 mm	-314.97 k	-13.5%
Millennium Management	336.72 k	-308.97 k	-47.9%
Thrivent Financial For Lutherans	66.87 k	-228.73 k	-77.4%
Dimensional Fund Advisors	3.85 mm	+214.85 k	+5.9%
Wellington Management	6.10 mm	-214.32 k	-3.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ABCB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Mar 23	Bassett Lawton E III	Common Stock	Payment of exercise	Dispose F	No	No	42.45	1,023	43.43 k	77,991
11 Mar 23	Creasy Ross L	Common Stock	Payment of exercise	Dispose F	No	No	42.45	876	37.19 k	21,220.402
11 Mar 23	Pierson Michael T	Common Stock	Payment of exercise	Dispose F	No	No	42.45	876	37.19 k	52,706.419
11 Mar 23	Nicole S Stokes	Common Stock	Payment of exercise	Dispose F	No	No	42.45	876	37.19 k	33,894
11 Mar 23	Edwards Jon S	Common Stock	Payment of exercise	Dispose F	No	No	42.45	876	37.19 k	66,251.783