ABCB Ameris Bancorp featured news, full reports, and detailed charts
Ameris Bancorp (ABCB) Wrap Up:
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
595 Employees
Founded in 1971
Ameris Bancorp (ABCB:NASDAQ)
LAST $6.25 USD
CHANGE TODAY +0.10 1.63%
VOLUME 58.2K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Ameris Bancorp (ABCB)
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OPEN
$6.10
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PREVIOUS CLOSE
$6.15
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DAY HIGH
$6.28
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DAY LOW
$6.00
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52 WEEK HIGH
12/19/08 - $12.16
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52 WEEK LOW
03/9/09 - $3.43
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MARKET CAP
85.5M
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AVERAGE VOLUME 3 mo
45.1K
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DILUTED EPS TTM
$-1.19
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SHARES OUTSTANDING
13.7M
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EX-DATE
06/26/09
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P/E TTM
NM
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DIVIDEND
$0.20
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DIVIDEND YIELD
3.18%
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| K = Thousands M = Millions B = Billions | ||
related news
Investrend - 11/16/2009 1:49 AM ET
ABCB Top Compensated Officers
Mr. Edwin W. Hortman Jr.
Chief Executive Officer, President, Director,...
Age: 55
Total Annual Compensation: $400.0K
Mr. Dennis J. Zember Jr.
Chief Financial Officer, Principal Accounting...
Age: 39
Total Annual Compensation: $215.0K
Mr. Marc Bogan
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $177.4K
Mr. C. John Hipp III
Executive Vice President and Banking Group Pr...
Age: 57
Total Annual Compensation: $225.0K
Mr. Jon S. Edwards
Executive Vice President, Senior Credit Offic...
Age: 47
Total Annual Compensation: $176.2K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Ameris Bancorp (ABCB)
Glenn A. Kirbo Resigns as Director of Ameris Bancorp, Ameris Bank and Ameris Bank - Albany Community
11/18/2009
On November 16, 2009, Glenn A. Kirbo, a director of Ameris Bancorp 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.
Ameris Bancorp expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
10/22/2009
Ameris Bancorp expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
Ameris Bancorp Reports Un-Audited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/21/2009
Ameris Bancorp reported un-audited earnings results for the third quarter and nine months ended September 30, 2009. The company reported a net loss available to common shareholders of $0.791 million or $0.06 loss per diluted share, for the quarter ended September 30, 2009, compared to net income of $0.366 million or $0.03 earnings per diluted share, for the third quarter of 2008. For the third quarter of 2009, the company reported net interest income of $18.8 million compared to $18.5 million respectively, for the second quarter of 2009 and $19.2 million respectively, for the third quarter of 2008. Return on average assets was negative at 0.14%. Return on average common equity was negative at 1.68%. Book value per share was $13.52. Tangible book value per share was $9.25. Operating loss was $0.325 million against operating profit of $0.835 million for the same period last year. For the year to date period ended September 30, 2009, the bank reported a net loss available to common shareholders of $5.4 million, or $0.40 loss per diluted share, compared to net income of $6.5 million, or $0.48 earnings per diluted share, for the same period in 2008. Net interest income was $54.319 million compared to $56.693 million of previous year period. Operating loss was $5.484 million against operating profit of 9.984 million for the same period last year.
ABCB Competitors
| Company | Last | Change | |
| No competitor information is available for ABCB. | |||
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Industry Analysis
| Valuation | ABCB | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.9x |
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| Price/Book | 0.5x |
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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 News About Ameris Bancorp
More news for ABCB
Ameris Bancorp Announces Acquisition of United Security Bank
MOULTRIE, Ga., Nov. 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 and appointed the FDIC as receiver. (Logo: http://www.newscom.com/cgi-bin/prnh/20051117/CLTH039LOGO)As a branch of Ameris Bank, the Sparta office will be open and serving customers on Saturday, November 7, 2009, from 9:00 a.m. until noon. Both the Woodstock and Sparta offices will be open on Monday, November 9, 2009, during the bank's normal business hours. United Security Bank depositors will automatically become depositors of Ameris Bank, and deposits will continue to be insured by the FDIC. With this acquisition, Ameris Bank will now operate 53 locations in Georgia, Florida, Alabama and South Carolina.Edwin W. Hortman, Jr., President & CEO of Ameris Bank commented, "With excitement we welcome United Security Bank's customers and employees to Ameris Bank. Customers can be assured that their deposits remain safe and are readily accessible. Since 1971, Ameris Bank has supported the financial needs of local communities, and we are excited to continue this tradition through loss-sharing arrangements with the FDIC."As a result of this acquisition, Ameris Bank...Click here to read the whole Article (external link)
AMERIS BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for AMERIS BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERIS BANCORP 29-Oct-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
New Bank Failures: Week of Nov. 9
Stock quotes in this article: UCBH , EWBC , ABCB , ...Click here to read the whole Article (external link)
Regulators Seize Five Banks Friday
WASHINGTON (TheStreet) -- State and federal regulators closed four banks and one small thrift Friday, bringing the total number of U.S. banking failures this year to 120. The failed institutions included United Commercial Bank of San Francisco, the main subsidiary of UCBH Holdings. The bank had $11.2 billion in total assets and was the seventh largest failure during the 2008-2009 crisis. TheStreet.com's list of undercapitalized banks and thrifts. Of the 116 banks and thrifts that were undercapitalized at the end of the second quarter, 30 have already failed. United Commercial Bank Among Friday's failed banks, the largest by far was United Commercial Bank. The bank had a strong focus on serving Chinese-American customers in the U.S. and had rapidly built a large commercial real estate and construction portfolio in recent years. United Commercial was also expanding its business in China. The bank had agreed to a Federal Deposit Insurance Corp. cease-and-desist order on Sep. 3. Among the requirements of the order were hiring qualified management, improving board of directors oversight and raising a significant amount of capital. With a second-quarter net loss of $263 million and nonperforming assets (including nonaccruing loans and repossessed real estate) making up 6.82% of total assets -- even after the bank charged off $558 million in loans during the first half of the year -- United Commercial was undercapitalized as of June 30, with a total risk-based capital ratio of 7.92%. This ratio needs to be at least 10% for most banks to be considered ...Click here to read the whole Article (external link)
AMERIS BANCORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
AMERIS BANCORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for AMERIS BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERIS BANCORP 10-Nov-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
AMERIS BANCORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Certain of the statements made in this report are "forward-looking statements" within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance and involve known and unknown risks, uncertainties and other factors, many of which may be beyond our control and which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "predict," "could," "intend," "target," "potential" and other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation, legislative and regulatory initiatives; additional competition in Ameris' markets; potential business strategies, including acquisitions or dispositions of assets or internal restructuring, that may be pursued by Ameris; state and federal banking regulations; changes in or application of environmental and other laws and regu...Click here to read the whole Article (external link)
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