Ameris Bancorp

Ameris Bancorp is a financial holding company whose business is conducted through its wholly owned banking subsidiary, Ameris Bank. The Company operates through four segments, the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division offers financial services that include commercial loans, consumer loans, and deposit accounts. The Retail Mortgage Division originates, sells, and services one-to-four family residential mortgage loans. The Warehouse Lending Division originates and services warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA Division originates, sells, and services SBA loans. The Banking, Retail Mortgage, Warehouse Lending and SBA Divisions are managed as separate business units because of the different products and services they provide.

Company Growth (employees)
Type
Public
HQ
Moultrie, US
Founded
1971
Size (employees)
1,298 (est)
Ameris Bancorp was founded in 1971 and is headquartered in Moultrie, US

Ameris Bancorp Office Locations

Ameris Bancorp has offices in Moultrie, Marietta, Jacksonville, Albany and in 21 other locations
Moultrie, US (HQ)
24 2/Nd/ Avenue
Show all (25)

Ameris Bancorp Data and Metrics

Ameris Bancorp Financial Metrics

Ameris Bancorp's revenue was reported to be $92.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

92.8 m

Gross profit (Q1, 2017)

86.3 m

Gross profit margin (Q1, 2017), %

93%

Net income (Q1, 2017)

21.2 m

EBIT (Q1, 2017)

58.8 m

Market capitalization (17-Aug-2017)

1.6 b

Cash (31-Mar-2017)

127.2 m
Ameris Bancorp's current market capitalization is $1.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

126.3 m164.6 m190.4 m239.1 m

Revenue growth, %

30%16%26%

Cost of goods sold

14.9 m19.7 m

Gross profit

175.5 m219.4 m

Gross profit Margin, %

92%92%

Sales and marketing expense

106.8 m

General and administrative expense

24.4 m

Operating expense total

199.1 m215.8 m

EBIT

170.3 m215.3 m

EBIT margin, %

89%90%

Pre tax profit

56.7 m105.2 m

Income tax expense

(15.9 m)(33.1 m)

Net Income

20 m38.7 m40.8 m72.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

54.4 m61.1 m59.9 m64.9 m76.2 m78.8 m87.7 m91.1 m92.8 m

Cost of goods sold

3.3 m4.1 m3.5 m3.5 m3.8 m4.1 m4.8 m5.1 m6.5 m

Gross profit

51.1 m57 m56.4 m61.3 m72.4 m74.7 m83 m85.9 m86.3 m

Gross profit Margin, %

94%93%94%95%95%95%95%94%93%

Sales and marketing expense

16.9 m20.2 m20.6 m22.5 m24.9 m26.2 m27.5 m28 m27.8 m

General and administrative expense

4.1 m4.7 m4.8 m5.9 m

Operating expense total

21 m24.9 m20.6 m27.3 m30.8 m26.2 m27.5 m28 m27.8 m

EBIT

33.9 m37.5 m37.8 m38 m46.4 m49.8 m53.7 m56.3 m58.8 m

EBIT margin, %

62%61%63%59%61%63%61%62%63%

Pre tax profit

12.4 m16.8 m14.5 m23 m18.4 m29.7 m31.9 m31.4 m

Income tax expense

4.3 m5.1 m4.7 m486 k7.4 m6.1 m9.7 m10.4 m10.2 m

Net Income

16.5 m28.1 m9.8 m11.1 m26.7 m12.3 m20 m21.6 m21.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

63 m78 m118.5 m127.2 m

PP&E

103.2 m97.3 m121.6 m121.2 m

Goodwill

35 m63.5 m90.1 m125.5 m

Total Assets

3.7 b4 b5.6 b6.9 b

Accounts Payable

5.6 b

Total Liabilities

6.2 b

Additional Paid-in Capital

189.7 m225 m337.3 m410.3 m

Retained Earnings

84 m118.4 m152.8 m214.5 m

Total Equity

316.7 m366 m514.8 m646.4 m

Financial Leverage

11.6 x11 x10.9 x10.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

81 m69.4 m80.1 m115.4 m114.4 m146.9 m116.3 m123.3 m127.2 m

Inventories

3.8 b

PP&E

99.5 m98.8 m98.3 m124.9 m124.8 m124.7 m124 m122.2 m121.6 m

Goodwill

58.9 m58.9 m63.5 m87.4 m87.7 m121.5 m121.4 m122.5 m125.5 m

Total Assets

4 b4 b4.2 b5.2 b5.2 b6.1 b6.2 b6.5 b7.1 b

Accounts Payable

3.4 b3.4 b3.5 b4.5 b4.5 b5.2 b5.2 b5.3 b5.6 b

Additional Paid-in Capital

223.9 m224.1 m335.6 m336.2 m336.6 m407.7 m408.5 m409.6 m503.5 m

Retained Earnings

98.8 m109.2 m126.6 m126.3 m140.3 m163.4 m181.7 m199.8 m231.9 m

Total Equity

343.4 m353.8 m489.8 m486.8 m502.3 m600.8 m625.9 m642.6 m758.2 m

Financial Leverage

11.6 x11.3 x8.5 x10.7 x10.4 x10.1 x9.9 x10.1 x9.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

20 m38.7 m40.8 m72.1 m

Depreciation and Amortization

4.9 m9 m3.7 m13.9 m

Cash From Operating Activities

33.6 m(5.6 m)(25.2 m)(69.8 m)

Purchases of PP&E

(90 m)(126.9 m)(249.1 m)(200.8 m)

Cash From Investing Activities

40.2 m143.8 m(167.9 m)(802.9 m)

Cash From Financing Activities

(91.1 m)(123.2 m)413.3 m680.5 m

Interest Paid

9.9 m14.7 m

Income Taxes Paid

16.9 m19.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

16.5 m28.1 m9.8 m11.1 m26.7 m12.3 m20 m21.6 m21.2 m

Depreciation and Amortization

4.7 m7.5 m2.6 m5.2 m9.1 m3.7 m6 m8 m3.4 m

Cash From Operating Activities

15.9 m(4.9 m)12.3 m(17.3 m)(18 m)13.5 m(16 m)(62.3 m)13.3 m

Cash From Investing Activities

165.4 m163.6 m(119.8 m)(5.4 m)973 k(100.8 m)(230.8 m)(399.4 m)(24.4 m)

Cash From Financing Activities

(163.3 m)(152.3 m)109.6 m60.1 m53.4 m(49 m)40.8 m285.1 m172 m

Interest Paid

6.7 m10.8 m3.7 m7.2 m11.1 m

Income Taxes Paid

5.6 m15 m215 k2.7 m2.7 m
USDY, 2017

Revenue/Employee

71.5 k

Financial Leverage

9.4 x

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