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"AMERIS BANCORP (ABCB:NASDAQ)
Snapshot of AMERIS BANCORP (ABCB)
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OPEN
$9.52
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PREVIOUS CLOSE
$9.51
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DAY HIGH
$9.63
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DAY LOW
$9.40
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52 WEEK HIGH
03/5/10 - $10.32
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52 WEEK LOW
04/1/09 - $4.46
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MARKET CAP
132.1M
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AVERAGE VOLUME 10 D
25.9K
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EPS TTM
$-2.04
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SHARES OUTSTANDING
13.8M
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EX-DATE
06/26/09
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P/E TTM
--
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DIVIDEND
$0.20
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DIVIDEND YIELD
1.03%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for AMERIS BANCORP (ABCB)
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 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
ABCB Competitors
| Company | Last | Change | |
| No competitor information is available for ABCB. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | ABCB | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.5x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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ABCB |
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ABCB transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Ameris Bancorp
Ameris Bancorp Reports Results for 2009
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AMERIS BANCORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
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Ameris Bancorp Reports Results for 2009
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Ameris names J.B. Coxwell exec to board
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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
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Ameris Bancorp Announces Acquisition of United Security Bank
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AMERIS BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
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Regulators Seize Five Banks Friday
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AMERIS BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
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New Bank Failures: Week of Nov. 9
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AMERIS BANCORP Files SEC form 8-K, Change in Directors or Principal Officers
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