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.

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

Ameris Bancorp has an office in Moultrie
Moultrie, US (HQ)
24 2/Nd/ Avenue
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Ameris Bancorp Financials and Metrics

Ameris Bancorp Financials

Ameris Bancorp's revenue was reported to be $239.07 m in FY, 2016 which is a 25.6% increase from the previous period.
USD

Revenue (Q1, 2018)

106 m

Gross profit (Q1, 2018)

95.3 m

Gross profit margin (Q1, 2018), %

89.9%

Net income (Q1, 2018)

26.7 m

EBIT (Q1, 2018)

67 m

Market capitalization (14-Jun-2018)

2.3 b

Closing share price (14-Jun-2018)

56.5

Cash (31-Mar-2018)

334.9 m
Ameris Bancorp's current market capitalization is $2.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

126.3 m164.6 m190.4 m239.1 m

Revenue growth, %

30%16%26%

Cost of goods sold

14.9 m19.7 m34.2 m

Gross profit

175.5 m219.4 m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

44 m54.4 m61.1 m59.9 m64.9 m76.2 m78.8 m87.7 m91.1 m92.8 m99.6 m106 m

Cost of goods sold

2.4 m3.3 m4.1 m3.5 m3.5 m3.8 m4.1 m4.8 m5.1 m6.5 m8.3 m10.7 m

Gross profit

41.6 m51.1 m57 m56.4 m61.3 m72.4 m74.7 m83 m85.9 m86.3 m91.3 m95.3 m

Gross profit Margin, %

94%94%93%94%95%95%95%95%94%93%92%90%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

63 m78 m118.5 m127.2 m139.3 m

Accounts Receivable

Inventories

4.9 b

PP&E

103.2 m97.3 m121.6 m121.2 m117.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

53.5 m71.4 m81 m69.4 m80.1 m115.4 m114.4 m146.9 m116.3 m123.3 m127.2 m139.5 m334.9 m

Inventories

1.6 b3.8 b4.2 b5.1 b

PP&E

65.7 m87.4 m99.5 m98.8 m98.3 m124.9 m124.8 m124.7 m124 m122.2 m121.6 m121.1 m116.4 m

Goodwill

956 k35 m58.9 m58.9 m63.5 m87.4 m87.7 m121.5 m121.4 m122.5 m125.5 m125.5 m208.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

20 m38.7 m40.8 m72.1 m73.5 m

Depreciation and Amortization

4.9 m9 m3.7 m13.9 m9.2 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

18.6 m8.4 m16.5 m28.1 m9.8 m11.1 m26.7 m12.3 m20 m21.6 m21.2 m23.1 m26.7 m

Depreciation and Amortization

4.8 m2.4 m4.7 m7.5 m2.6 m5.2 m9.1 m3.7 m6 m8 m3.4 m5.7 m3.2 m

Cash From Operating Activities

33.5 m32.2 m15.9 m(4.9 m)12.3 m(17.3 m)(18 m)13.5 m(16 m)(62.3 m)13.3 m(68.3 m)48.5 m

Purchases of PP&E

(121.9 m)
USDY, 2018

Financial Leverage

9.2 x
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Ameris Bancorp Operating Metrics

Ameris Bancorp's Total Loans was reported to be $5.7b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

73 101 97

Non-accrual Loans

$21.73 m$20.84 m$20.74 m$20.56 m$16.86 m$15.70 m$16 m$16.57 m$18.11 m$18.28 m$17.08 m

Total Loans

$2.84 b$2.89 b$3.46 b$3.66 b$3.91 b$4.44 b$4.62 b$4.85 b$5.26 b$5.32 b$5.67 b
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Ameris Bancorp Online and Social Media Presence

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Ameris Bancorp News and Updates

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