Ameris Bancorp (ABCB) 34.82 $ABCB
Why You Shouldn't Bet Against Ameris Bancorp (ABCB) Stock
Zacks Equity Research - Zacks Investment Research - Tue Aug 23, 9:31AM CDT
Ameris Bancorp (ABCB) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective
ABCB: 34.82 (+0.41)
Downgrade Alert for Ameris Bancorp (ABCB)
Comtex SmarTrend(R) - Wed Apr 27, 3:17AM CDT
Ameris Bancorp (NASDAQ:ABCB) was downgraded from Overweight to Neutral at Piper Jaffray today. The stock closed yesterday at $31.80 on volume of 540,000 shares, above average daily volume of 198,000. Ameris Bancorp (NASDAQ:ABCB) has potential upside of 7.7% based on a current price of $31.80 and analysts' consensus price target of $34.26. The stock should discover initial support at its 200-day moving average (MA) of $29.37 and subsequent support at its 50-day MA of $28.54.
ABCB: 34.82 (+0.41)
Ameris Bancorp posts 1Q profit
Automated Insights - Fri Apr 22, 6:19AM CDT
MOULTRIE, Ga. (AP) _ Ameris Bancorp (ABCB) on Friday reported first-quarter net income of $12.3 million.
ABCB: 34.82 (+0.41)
Ameris Bancorp Reports Operating Net Income of $16.5 Million, or $0.50 Per Diluted Share, for First Quarter 2016
PR Newswire - Fri Apr 22, 6:05AM CDT
Ameris Bancorp (Nasdaq: ABCB) (the "Company"
today reported operating net income of $16.5 million, or $0.50 per diluted share, for the quarter ended March 31, 2016, compared with $9.8 million, or $0.32 per diluted share, for the quarter ended March 31, 2015. Commenting on the Company's quarterly results, Edwin W. Hortman, Jr., the Company's President and Chief Executive Officer, said, "We are very pleased with our operating results and performance ratios that our outstanding bankers produced in the first quarter. Even more encouraging is the positive momentum we see going into the second quarter of 2016 and the rest of the year. Against the linked quarter, we saw growth in spread income and non-interest income and made progress on our efficiency initiatives. Lastly, we completed our acquisition of Jacksonville Bancorp, Inc. late in the first quarter which pushed our total assets to approximately $6.1 billion."
ABCB: 34.82 (+0.41)
Ameris Bancorp Announces Date Of First Quarter 2016 Earnings Release And Conference Call
PR Newswire - Tue Apr 12, 9:30AM CDT
Ameris Bancorp (Nasdaq: ABCB) (the "Company" today announced that it intends to release its first quarter 2016 financial results in a press release before the market opens on Friday, April 22, 2016. Edwin W. Hortman, Jr., President and Chief Executive Officer, and Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer, will host a teleconference at 11:00 a.m. Eastern time on that same day to discuss the Company's results and answer appropriate questions.
ABCB: 34.82 (+0.41)
15.8% Return Seen to Date on SmarTrend Ameris Bancorp Call (ABCB)
Comtex SmarTrend(R) - Thu Feb 04, 5:33PM CST
SmarTrend identified a Downtrend for Ameris Bancorp (NASDAQ:ABCB) on January 5th, 2016 at $32.53. In approximately 1 month, Ameris Bancorp has returned 15.76% as of today's recent price of $27.40.
ABCB: 34.82 (+0.41)
Ameris Bancorp reports USD53m net income in Q4 2015
M2 - Thu Jan 28, 4:40AM CST
Ameris Bancorp (NASDAQ-GS: ABCB) has reported operating net income of USD53.3 million, or USD1.66 per share, for the year ended December 31, 2015, compared with USD41.2 million, or USD1.57 per share, for 2014, the company said. Operating net income excludes USD12.5 million and USD2.8 million of after-tax acquisition-related costs and non-recurring credit charges in 2015 and 2014, respectively. Operating net income for the fourth quarter of 2015 was USD15.3 million, or USD0.47 per share, compared with USD10.6 million, or USD0.39 per share, for the same quarter of 2014. Operating results for the fourth quarter exclude acquisition costs totaling USD1.8 million and USD255,000, before tax, in the fourth quarter of 2015 and 2014, respectively. Including acquisition and conversion costs and non-recurring credit resolution expenses, the company reported net income of USD14.1 million, or USD0.43 per share, for the fourth quarter of 2015, compared with USD10.6 million, or USD0.39 per share, for the same quarter of 2014. For the year, the company's earnings totaled USD40.8 million, or USD1.27 per share, compared with USD38.4 million, or USD1.46 per share, for 2014. Highlights of the company's results for 2015 include the following: o Operating return on average assets of 1.11 percent and operating return on average tangible equity of 13.66 percent o Growth in total assets to USD5.59 billion, an increase of 38.4 percent over 2014 o Organic growth in total assets of 10.1 percent, or USD406.0 million o Organic growth in loans totaled USD344.2 million, or 13.4 percent o Total growth in non-interest bearing demand deposits of USD490.5 million, or 58.4 percent, to end the year at 27.3 percent of total deposits o Increase in total recurring revenue over 2014 of 22.8 percent to USD261.0 million, with "recurring revenue" defined as net interest income plus non-interest income, but excluding gain on the sale of securities o Decline in annualized net charge-offs to 0.20 percent of total loans, compared with 0.31 percent for 2014 o Increase in tangible book value per share of 15.1 percent to USD12.65, compared with USD10.99 per share at December 31, 2014 o Increase in non-interest income of 35.8 percent to USD85.2 million, compared with USD62.7 million for 2014 o Increase in profitability from mortgage, SBA and warehouse lines of business of 79.3 percent to USD15.2 million, compared with USD8.5 million for 2014 During the third quarter of 2015, the company announced the execution of an agreement to acquire Jacksonville Bancorp, Inc., the parent company of The Jacksonville Bank located within the Jacksonville, Florida MSA. The acquisition will further expand the company's existing Southeastern footprint in the attractive Jacksonville market, where the company will be the largest community bank by deposit market share after the acquisition. Upon completion of the transaction, the combined company will have approximately USD6.0 billion in assets, USD4.2 billion in loans and USD5.2 billion in deposits. The transaction is expected to close in the first quarter of 2016 and is subject to customary closing conditions, including receipt of the approval of the shareholders of Jacksonville Bancorp, Inc. Net interest income on a tax-equivalent basis increased 17.5 percent in 2015 to USD178.1 million, up from USD151.5 million for 2014. Growth in earning assets from internal sources, as well as from acquisition activity, contributed to the increase. Average earning assets increased 30.8 percent in 2015 to USD4.32 billion, compared with USD3.30 billion for 2014. Revenues from the company's SBA division continued to increase during 2015, rising from USD7.0 million for 2014 to USD8.3 million for 2015. Net income for the division increased 24.7 percent, from USD2.3 million for 2014 to USD2.8 million for 2015. Ameris Bancorp is headquartered in Moultrie, Georgia, and at the end of the most recent quarter had 101 locations in Georgia, Alabama, northern Florida and South Carolina, with eight of those locations announced to be consolidated within the coming months.
ABCB: 34.82 (+0.41)
Ameris Bancorp Shares Down 16.2% Since SmarTrend's Sell Call (ABCB)
Comtex SmarTrend(R) - Mon Jan 25, 4:09PM CST
SmarTrend identified a Downtrend for Ameris Bancorp (NASDAQ:ABCB) on January 5th, 2016 at $32.53. In approximately 3 weeks, Ameris Bancorp has returned 16.25% as of today's recent price of $27.24.
ABCB: 34.82 (+0.41)
Ameris Bancorp Announces 2015 Financial Results
PR Newswire - Fri Jan 22, 6:00AM CST
AMERIS BANCORP (NASDAQ-GS: ABCB), (the "Company", today reported operating net income of $53.3 million, or $1.66 per share, for the year ended December 31, 2015, compared with $41.2 million, or $1.57 per share, for 2014. Operating net income excludes $12.5 million and $2.8 million of after-tax acquisition-related costs and non-recurring credit charges in 2015 and 2014, respectively. Commenting on the Company's earnings, Edwin W. Hortman, Jr., President and Chief Executive Officer of the Company, said, "I am pleased with our improvement in 2015 compared with our 2014 results. We spent 2015 integrating the acquisitions completed in the second quarter of the year and preparing for consistent earnings in 2016. Our achievements in 2015 include organic loan growth of 13.5%, organic growth in non-interest bearing deposits of 26.1% and a 15.1% improvement in tangible book value. I am confident that the momentum we have in balance sheet growth and resulting revenue is what we need to meet our goals for this year."
ABCB: 34.82 (+0.41)
Ameris Bancorp Announces Fourth Quarter 2015 Earnings Release Date And Conference Call
PR Newswire - Mon Jan 11, 10:00AM CST
AMERIS BANCORP (NASDAQ-GS: ABCB), Ameris Bancorp ("Ameris" or the "Company" will announce its fourth quarter 2015 financial results of operations in a press release before the market opens on Friday, January 22, 2016. Edwin W. Hortman, Jr., President and Chief Executive Officer, and Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer, will host a teleconference at 10:00 a.m. Eastern time on that same day to discuss the Company's results and answer appropriate questions.
ABCB: 34.82 (+0.41)
Ameris Bancorp Up 21.9% Since SmarTrend Uptrend Call (ABCB)
Comtex SmarTrend(R) - Mon Dec 28, 9:27AM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 4 months, Ameris Bancorp has returned 21.86% as of today's recent price of $34.14.
ABCB: 34.82 (+0.41)
Ameris Bancorp Up 18.0% Since SmarTrend Uptrend Call (ABCB)
Comtex SmarTrend(R) - Fri Dec 11, 5:31PM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 3 months, Ameris Bancorp has returned 18.04% as of today's recent price of $33.07.
ABCB: 34.82 (+0.41)
Uptrend Call Working As Ameris Bancorp Stock Rises 20.0% (ABCB)
Comtex SmarTrend(R) - Fri Nov 27, 11:09AM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 2 months, Ameris Bancorp has returned 20.04% as of today's recent price of $33.63.
ABCB: 34.82 (+0.41)
Uptrend Call Working As Ameris Bancorp Stock Rises 17.3% (ABCB)
Comtex SmarTrend(R) - Thu Nov 12, 4:09PM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 2 months, Ameris Bancorp has returned 17.33% as of today's recent price of $32.87.
ABCB: 34.82 (+0.41)
Why You Shouldn't Bet Against Ameris Bancorp (ABCB) Stock
Zacks Equity Research - Zacks Investment Research - Tue Aug 23, 9:31AM CDT
Ameris Bancorp (ABCB) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective
ABCB: 34.82 (+0.41)
Downgrade Alert for Ameris Bancorp (ABCB)
Comtex SmarTrend(R) - Wed Apr 27, 3:17AM CDT
Ameris Bancorp (NASDAQ:ABCB) was downgraded from Overweight to Neutral at Piper Jaffray today. The stock closed yesterday at $31.80 on volume of 540,000 shares, above average daily volume of 198,000. Ameris Bancorp (NASDAQ:ABCB) has potential upside of 7.7% based on a current price of $31.80 and analysts' consensus price target of $34.26. The stock should discover initial support at its 200-day moving average (MA) of $29.37 and subsequent support at its 50-day MA of $28.54.
ABCB: 34.82 (+0.41)
Ameris Bancorp posts 1Q profit
Automated Insights - Fri Apr 22, 6:19AM CDT
MOULTRIE, Ga. (AP) _ Ameris Bancorp (ABCB) on Friday reported first-quarter net income of $12.3 million.
ABCB: 34.82 (+0.41)
Ameris Bancorp Reports Operating Net Income of $16.5 Million, or $0.50 Per Diluted Share, for First Quarter 2016
PR Newswire - Fri Apr 22, 6:05AM CDT
Ameris Bancorp (Nasdaq: ABCB) (the "Company"
today reported operating net income of $16.5 million, or $0.50 per diluted share, for the quarter ended March 31, 2016, compared with $9.8 million, or $0.32 per diluted share, for the quarter ended March 31, 2015. Commenting on the Company's quarterly results, Edwin W. Hortman, Jr., the Company's President and Chief Executive Officer, said, "We are very pleased with our operating results and performance ratios that our outstanding bankers produced in the first quarter. Even more encouraging is the positive momentum we see going into the second quarter of 2016 and the rest of the year. Against the linked quarter, we saw growth in spread income and non-interest income and made progress on our efficiency initiatives. Lastly, we completed our acquisition of Jacksonville Bancorp, Inc. late in the first quarter which pushed our total assets to approximately $6.1 billion." ABCB: 34.82 (+0.41)
Ameris Bancorp Announces Date Of First Quarter 2016 Earnings Release And Conference Call
PR Newswire - Tue Apr 12, 9:30AM CDT
Ameris Bancorp (Nasdaq: ABCB) (the "Company"
today announced that it intends to release its first quarter 2016 financial results in a press release before the market opens on Friday, April 22, 2016. Edwin W. Hortman, Jr., President and Chief Executive Officer, and Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer, will host a teleconference at 11:00 a.m. Eastern time on that same day to discuss the Company's results and answer appropriate questions. ABCB: 34.82 (+0.41)
15.8% Return Seen to Date on SmarTrend Ameris Bancorp Call (ABCB)
Comtex SmarTrend(R) - Thu Feb 04, 5:33PM CST
SmarTrend identified a Downtrend for Ameris Bancorp (NASDAQ:ABCB) on January 5th, 2016 at $32.53. In approximately 1 month, Ameris Bancorp has returned 15.76% as of today's recent price of $27.40.
ABCB: 34.82 (+0.41)
Ameris Bancorp reports USD53m net income in Q4 2015
M2 - Thu Jan 28, 4:40AM CST
Ameris Bancorp (NASDAQ-GS: ABCB) has reported operating net income of USD53.3 million, or USD1.66 per share, for the year ended December 31, 2015, compared with USD41.2 million, or USD1.57 per share, for 2014, the company said. Operating net income excludes USD12.5 million and USD2.8 million of after-tax acquisition-related costs and non-recurring credit charges in 2015 and 2014, respectively. Operating net income for the fourth quarter of 2015 was USD15.3 million, or USD0.47 per share, compared with USD10.6 million, or USD0.39 per share, for the same quarter of 2014. Operating results for the fourth quarter exclude acquisition costs totaling USD1.8 million and USD255,000, before tax, in the fourth quarter of 2015 and 2014, respectively. Including acquisition and conversion costs and non-recurring credit resolution expenses, the company reported net income of USD14.1 million, or USD0.43 per share, for the fourth quarter of 2015, compared with USD10.6 million, or USD0.39 per share, for the same quarter of 2014. For the year, the company's earnings totaled USD40.8 million, or USD1.27 per share, compared with USD38.4 million, or USD1.46 per share, for 2014. Highlights of the company's results for 2015 include the following: o Operating return on average assets of 1.11 percent and operating return on average tangible equity of 13.66 percent o Growth in total assets to USD5.59 billion, an increase of 38.4 percent over 2014 o Organic growth in total assets of 10.1 percent, or USD406.0 million o Organic growth in loans totaled USD344.2 million, or 13.4 percent o Total growth in non-interest bearing demand deposits of USD490.5 million, or 58.4 percent, to end the year at 27.3 percent of total deposits o Increase in total recurring revenue over 2014 of 22.8 percent to USD261.0 million, with "recurring revenue" defined as net interest income plus non-interest income, but excluding gain on the sale of securities o Decline in annualized net charge-offs to 0.20 percent of total loans, compared with 0.31 percent for 2014 o Increase in tangible book value per share of 15.1 percent to USD12.65, compared with USD10.99 per share at December 31, 2014 o Increase in non-interest income of 35.8 percent to USD85.2 million, compared with USD62.7 million for 2014 o Increase in profitability from mortgage, SBA and warehouse lines of business of 79.3 percent to USD15.2 million, compared with USD8.5 million for 2014 During the third quarter of 2015, the company announced the execution of an agreement to acquire Jacksonville Bancorp, Inc., the parent company of The Jacksonville Bank located within the Jacksonville, Florida MSA. The acquisition will further expand the company's existing Southeastern footprint in the attractive Jacksonville market, where the company will be the largest community bank by deposit market share after the acquisition. Upon completion of the transaction, the combined company will have approximately USD6.0 billion in assets, USD4.2 billion in loans and USD5.2 billion in deposits. The transaction is expected to close in the first quarter of 2016 and is subject to customary closing conditions, including receipt of the approval of the shareholders of Jacksonville Bancorp, Inc. Net interest income on a tax-equivalent basis increased 17.5 percent in 2015 to USD178.1 million, up from USD151.5 million for 2014. Growth in earning assets from internal sources, as well as from acquisition activity, contributed to the increase. Average earning assets increased 30.8 percent in 2015 to USD4.32 billion, compared with USD3.30 billion for 2014. Revenues from the company's SBA division continued to increase during 2015, rising from USD7.0 million for 2014 to USD8.3 million for 2015. Net income for the division increased 24.7 percent, from USD2.3 million for 2014 to USD2.8 million for 2015. Ameris Bancorp is headquartered in Moultrie, Georgia, and at the end of the most recent quarter had 101 locations in Georgia, Alabama, northern Florida and South Carolina, with eight of those locations announced to be consolidated within the coming months.
ABCB: 34.82 (+0.41)
Ameris Bancorp Shares Down 16.2% Since SmarTrend's Sell Call (ABCB)
Comtex SmarTrend(R) - Mon Jan 25, 4:09PM CST
SmarTrend identified a Downtrend for Ameris Bancorp (NASDAQ:ABCB) on January 5th, 2016 at $32.53. In approximately 3 weeks, Ameris Bancorp has returned 16.25% as of today's recent price of $27.24.
ABCB: 34.82 (+0.41)
Ameris Bancorp Announces 2015 Financial Results
PR Newswire - Fri Jan 22, 6:00AM CST
AMERIS BANCORP (NASDAQ-GS: ABCB), (the "Company"
, today reported operating net income of $53.3 million, or $1.66 per share, for the year ended December 31, 2015, compared with $41.2 million, or $1.57 per share, for 2014. Operating net income excludes $12.5 million and $2.8 million of after-tax acquisition-related costs and non-recurring credit charges in 2015 and 2014, respectively. Commenting on the Company's earnings, Edwin W. Hortman, Jr., President and Chief Executive Officer of the Company, said, "I am pleased with our improvement in 2015 compared with our 2014 results. We spent 2015 integrating the acquisitions completed in the second quarter of the year and preparing for consistent earnings in 2016. Our achievements in 2015 include organic loan growth of 13.5%, organic growth in non-interest bearing deposits of 26.1% and a 15.1% improvement in tangible book value. I am confident that the momentum we have in balance sheet growth and resulting revenue is what we need to meet our goals for this year." ABCB: 34.82 (+0.41)
Ameris Bancorp Announces Fourth Quarter 2015 Earnings Release Date And Conference Call
PR Newswire - Mon Jan 11, 10:00AM CST
AMERIS BANCORP (NASDAQ-GS: ABCB), Ameris Bancorp ("Ameris" or the "Company"
will announce its fourth quarter 2015 financial results of operations in a press release before the market opens on Friday, January 22, 2016. Edwin W. Hortman, Jr., President and Chief Executive Officer, and Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer, will host a teleconference at 10:00 a.m. Eastern time on that same day to discuss the Company's results and answer appropriate questions. ABCB: 34.82 (+0.41)
Ameris Bancorp Up 21.9% Since SmarTrend Uptrend Call (ABCB)
Comtex SmarTrend(R) - Mon Dec 28, 9:27AM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 4 months, Ameris Bancorp has returned 21.86% as of today's recent price of $34.14.
ABCB: 34.82 (+0.41)
Ameris Bancorp Up 18.0% Since SmarTrend Uptrend Call (ABCB)
Comtex SmarTrend(R) - Fri Dec 11, 5:31PM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 3 months, Ameris Bancorp has returned 18.04% as of today's recent price of $33.07.
ABCB: 34.82 (+0.41)
Uptrend Call Working As Ameris Bancorp Stock Rises 20.0% (ABCB)
Comtex SmarTrend(R) - Fri Nov 27, 11:09AM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 2 months, Ameris Bancorp has returned 20.04% as of today's recent price of $33.63.
ABCB: 34.82 (+0.41)
Uptrend Call Working As Ameris Bancorp Stock Rises 17.3% (ABCB)
Comtex SmarTrend(R) - Thu Nov 12, 4:09PM CST
SmarTrend identified an Uptrend for Ameris Bancorp (NASDAQ:ABCB) on September 14th, 2015 at $28.02. In approximately 2 months, Ameris Bancorp has returned 17.33% as of today's recent price of $32.87.
ABCB: 34.82 (+0.41)
