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Ameris Bancorp (ABCB) news stock charts

Ameris Bancorp (ABCB) Investment Summary:

We are a financial holding company whose business is conducted primarily through our wholly-owned banking subsidiary, which provides a full range of banking services to its retail and commercial customers located primarily in Georgia, Alabama, northern Florida and South Carolina. Ameris Bancorp (“Ameris” or the “Company”) was incorporated on December 18, 1980 as a Georgia corporation. The Company’s executive office is located at 24 2nd Avenue, S.E., Moultrie, Georgia 31768, its telephone number is (229) 890-1111 and its Internet address is http://www.amerisbank.com. We operate 46 domestic banking offices with no foreign activities. At December 31, 2007, we had approximately $2.11 billion in total assets, $1.61 billion in total loans, $1.76 billion in total deposits and shareholders’ equity of $191.2 million. Ameris’ deposits are insured, up to applicable limits, by the Federal Deposit Insurance Corporation.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f12%2f0000351569-08-000008.html#FIS_BUSINESS"   
www.abcbancorp.com
615 Employees
Founded in 1971

AMERIS BANCORP (ABCB:NASDAQ)

LAST $9.56 USD
CHANGE TODAY +0.05 0.53%
VOLUME 79.1K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of AMERIS BANCORP (ABCB)

OPEN
$9.52
PREVIOUS CLOSE
$9.51
DAY HIGH
$9.63
DAY LOW
$9.40
52 WEEK HIGH
03/5/10 - $10.32
52 WEEK LOW
04/1/09 - $4.46
MARKET CAP
132.1M
AVERAGE VOLUME 10 D
25.9K
EPS TTM
$-2.04
SHARES OUTSTANDING
13.8M
EX-DATE
06/26/09
P/E TTM
--
DIVIDEND
$0.20
DIVIDEND YIELD
1.03%
K = Thousands  M = Millions  B = Billions

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Key developments for AMERIS BANCORP (ABCB)

Ameris Bancorp Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009; Records Impairment for the Fourth Quarter of 2009

Ameris Bancorp reported unaudited earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported total interest income of $27.8 million compared to $30.6 million a year ago. Net interest income was $19.7 million compared to $16 million a year ago. Net interest income after provision for loan losses was $3.2 million compared to net interest loss after provision for loan losses of $3.92 million a year ago. Operating loss was $29.01 million compared to $16 million a year ago. Net loss available to common shareholders was $39 million or $2.83 per diluted common share, compared to net loss available to common shareholders was $10.73 million or $0.78 per diluted common share, a year ago. Negative return on average assets (GAAP) was 6.44% compared to 1.76% a year ago. Negative return on average equity (GAAP) was 74.01% compared to 21.43% a year ago. Excluding a non-cash charge for goodwill impairment that did not affect the companys tangible equity or liquidity, the company reported net income available to common shareholders of $15.8 million, or $1.15 per diluted share, compared to a net loss available to common shareholders of $10.7 million, or $0.78 per diluted share, for the same period in 2008. The companys results were partially driven by gains recorded on FDIC-assisted transactions totaling approximately $25.1 million after tax. For the year, the company reported total interest income of $114.6 million compared to $129.01 million a year ago. Net interest income was $74.02 million compared to $72.7 million a year ago. Net interest income after provision for loan losses was $32 million compared to $37.64 million a year ago. Operating loss was $34.5 million compared to $6 million a year ago. Net loss available to common shareholders was $44.4 million or $3.23 per diluted common share, compared to net loss available to common shareholders was $4.2 million or $0.31 per diluted common share, a year ago. Negative return on average assets (GAAP) was 1.78% compared to 0.18% a year ago. Negative return on average equity (GAAP) was 21.67% compared to 2.05% a year ago. Excluding a non-cash charge for goodwill impairment that did not affect the companys tangible equity or liquidity, the company reported net income available to common shareholders of $10.4million, or $0.76 per diluted share compared to a net loss of $4.2 million, or $0.31 per diluted share, for 2008. During the fourth quarter, the company recorded a non-cash charge for goodwill impairment totaling $54.8 million.

Ameris Bancorp expected to Report Q1 2010 Results on April 19, 2010. This event was calculated by Capital IQ (Created on January 28, 2010).

Ameris Bancorp expected to Report Q1 2010 Results on April 19, 2010. This event was calculated by Capital IQ (Created on January 28, 2010).

Ameris Bancorp Presents at Sterne Agee Fifth Annual Financial Services Symposium, Feb-09-2010 through Feb-10-2010

Ameris Bancorp Presents at Sterne Agee Fifth Annual Financial Services Symposium, Feb-09-2010 through Feb-10-2010. Venue: The Peabody Hotel, Orlando, Florida, United States. Speakers: Dennis J. Zember, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.

Ameris Bancorp financial resources

otc, otcbb, pinksheet, ABCB, ob Ameris Bancorp

ABCB Competitors

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Industry Analysis

Valuation ABCB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

ABCB

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ABCB transactions

Type
Date
Target
No transactions in the last 6 months.

More Recent Financial News About Ameris Bancorp

AMERIS BANCORP Files SEC form 10-K, Annual Report

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Ameris Bancorp Reports Results for 2009

Quote: 28 /PRNewswire-FirstCall/ -- AMERIS BANCORP (NASDAQ-GS: ABCB) today reported results for 2009, including the following highlights:Earnings SummaryExcluding a non-cash charge for goodwill impairment that did not affect the Company's tangible equity or liquidity, the Company reported net income available to common shareholders of $10.4 million, or $0.76 per diluted share, for the year ended December 31, 2009 compared to a net loss of $4.2 million, or $0.31 per diluted share, for 2008.  On the s...
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AMERIS BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Quote: Item 2.02.Results of Operations and Financial Condition. On January 28, 2010, Ameris Bancorp issued a press release announcing its unaudited financial results for the quarter and fiscal year ended December 31, 2009. A copy of that press release is attached as Exhibit 99.1 to this Current Report. The information contained in this report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as a...
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Ameris Bancorp Reports Results for 2009

Quote: 28 /PRNewswire-FirstCall/ -- AMERIS BANCORP (NASDAQ-GS: ABCB) today reported results for 2009, including the following highlights:Earnings SummaryExcluding a non-cash charge for goodwill impairment that did not affect the Company's tangible equity or liquidity, the Company reported net income available to common shareholders of $10.4 million, or $0.76 per diluted share, for the year ended December 31, 2009 compared to a net loss of $4.2 million, or $0.31 per diluted share, for 2008.  On the s...
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Ameris names J.B. Coxwell exec to board

Quote: Ameris Bancorp has appointed J.B. Coxwell Contracting Inc. executive V. Wayne Williford to its board of directors.Williford is vice president, secretary and treasurer of J.B. Coxwell, a Jacksonville road building and infrastructure construction company.Ameris Bancorp, based in Moultrie, Ga., appointed Williford to its board Dec. 15 to fill a vacancy, according to a filing released by the U.S. Securities and Exchange Commission Monday.Ameris Bancorp (Nasdaq: ABCB) is the parent of Ameris Bank, wh...
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AMERIS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers

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AMERIS BANCORP Files SEC form 8-K/A, Change in Directors or Principal Officers

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Seven Banks Fail Friday

Quote: The FDIC was appointed receiver and sold all of the failed bank's deposits (totaling $101 million) and assets to Ameris Bank of Moultrie, Ga., a subsidiary of Ameris Bancorp. American United's office was set to reopen Monday as an Ameris branch. The FDIC agreed to share in losses on $92 million of the $111 million in total assets Ameris acquired from the failed institution and estimated the loss to the agency's insurance fund would be $44 million. The Office of the Comptroller of the Currency cl...
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Ameris Bancorp Announces Acquisition of United Security Bank

Quote: 6 /PRNewswire-FirstCall/ -- AMERIS BANCORP (Nasdaq GS: ABCB), announced today that its wholly-owned subsidiary, Ameris Bank, has entered into a definitive agreement with the Federal Deposit Insurance Corporate ("FDIC") to assume all of the deposits and acquire certain assets of United Security Bank, a full service bank headquartered in Sparta, Georgia, with an additional banking office in Woodstock, Georgia. The Georgia Department of Banking and Finance today declared United Security Bank closed...
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AMERIS BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Quote: Item 8.01.Other Events. On October 23, 2009, Ameris Bancorp issued a press release announcing the acquisition, through its wholly-owned banking subsidiary, Ameris Bank, of certain assets, and the assumption of certain liabilities, of American United Bank, a full service, single office bank located in Lawrenceville, Georgia. This transaction was completed with the Federal Deposit Insurance Corporation (the "FDIC"), as receiver, after American United Bank was declared closed by the Geor...
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Regulators Seize Five Banks Friday

Quote: The FDIC was appointed receiver and sold the failed bank's deposits and its total assets of $157 million to Ameris Bank of Moultrie, Ga., a subsidiary of Ameris Bancorp. The FDIC agreed to share in losses on $123 million of the acquired assets and estimated the cost to its insurance fund would be $58 million. United Security's two offices were scheduled to reopen Saturday as Ameris branches. The Office of Thrift Supervision shut down Home Federal Savings Bank of Detroit and appointed the FDIC re...
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AMERIS BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Quote: Item 8.01.Other Events. On November 6, 2009, Ameris Bancorp issued a press release announcing the acquisition, through its wholly-owned banking subsidiary, Ameris Bank, of certain assets, and the assumption of certain liabilities, of United Security Bank, a full service bank headquartered in Sparta, Georgia, with an additional banking office in Woodstock, GeorgiaThis transaction was completed with the Federal Deposit Insurance Corporation (the "FDIC"), as receiver, after United Securi...
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AMERIS BANCORP Files SEC form 10-Q, Quarterly Report

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New Bank Failures: Week of Nov. 9

Quote: United Commercial had $10.2 billion in assets when it failed, and the FDIC estimated the cost of the failure to its insurance fund would be $1.4 billion.Georgia regulators closed United Security Bank of Sparta and the FDIC sold the failed bank's deposits and its total assets of $157 million to Ameris Bank of Moultrie, Ga., a subsidiary of Ameris Bancorp ABCB Quote). The FDIC agreed to share in losses on $123 million of the acquired assets and estimated the cost to its insurance fund would be $5...
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AMERIS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers

Quote: Kirbo, a director of Ameris Bancorp (the "Company") tendered his resignation, effective immediately, from the Company's Board of Directors, the Ameris Bank Board of Directors and the Ameris Bank - Albany Community Board of Directors. Mr. Kirbo advised the Company that his decision to resign was based on personal reasons related to the demands of other business activities. The Board of Directors of the Company will be deliberate in its process to appoint a director to fill the vacancy c...
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