Annual Income Statements for Ameris Bancorp
This table shows Ameris Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Ameris Bancorp
This table shows Ameris Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
93 |
82 |
60 |
63 |
80 |
66 |
74 |
91 |
99 |
94 |
Consolidated Net Income / (Loss) |
|
93 |
82 |
60 |
63 |
80 |
66 |
74 |
91 |
99 |
94 |
Net Income / (Loss) Continuing Operations |
|
93 |
82 |
60 |
63 |
80 |
66 |
74 |
91 |
99 |
94 |
Total Pre-Tax Income |
|
121 |
105 |
79 |
83 |
105 |
90 |
97 |
127 |
126 |
126 |
Total Revenue |
|
278 |
272 |
268 |
277 |
271 |
262 |
267 |
301 |
284 |
291 |
Net Interest Income / (Expense) |
|
213 |
224 |
212 |
210 |
208 |
206 |
201 |
212 |
214 |
222 |
Total Interest Income |
|
234 |
274 |
296 |
322 |
331 |
332 |
329 |
347 |
355 |
346 |
Loans and Leases Interest Income |
|
216 |
250 |
272 |
292 |
305 |
303 |
303 |
318 |
326 |
319 |
Investment Securities Interest Income |
|
11 |
13 |
15 |
16 |
15 |
14 |
13 |
17 |
16 |
16 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
7.22 |
-13 |
9.11 |
14 |
11 |
-34 |
13 |
12 |
14 |
-39 |
Total Interest Expense |
|
21 |
50 |
84 |
112 |
123 |
126 |
128 |
135 |
141 |
125 |
Deposits Interest Expense |
|
14 |
33 |
53 |
88 |
103 |
112 |
118 |
121 |
130 |
116 |
Long-Term Debt Interest Expense |
|
7.29 |
16 |
31 |
24 |
20 |
14 |
9.89 |
14 |
11 |
8.99 |
Total Non-Interest Income |
|
65 |
48 |
56 |
67 |
63 |
56 |
66 |
89 |
70 |
69 |
Service Charges on Deposit Accounts |
|
11 |
11 |
11 |
11 |
12 |
12 |
12 |
13 |
13 |
14 |
Other Service Charges |
|
14 |
199 |
14 |
15 |
15 |
153 |
15 |
17 |
19 |
179 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.02 |
0.00 |
0.01 |
-0.01 |
-0.02 |
-0.29 |
-0.01 |
12 |
-0.01 |
-0.02 |
Provision for Credit Losses |
|
18 |
33 |
50 |
46 |
24 |
23 |
21 |
19 |
6.11 |
13 |
Total Non-Interest Expense |
|
140 |
135 |
139 |
148 |
141 |
149 |
149 |
155 |
152 |
152 |
Salaries and Employee Benefits |
|
79 |
75 |
81 |
81 |
82 |
76 |
83 |
88 |
89 |
88 |
Net Occupancy & Equipment Expense |
|
25 |
25 |
26 |
26 |
26 |
27 |
28 |
28 |
27 |
26 |
Marketing Expense |
|
3.55 |
3.37 |
3.53 |
2.63 |
2.72 |
2.76 |
2.55 |
3.57 |
4.09 |
2.41 |
Other Operating Expenses |
|
28 |
26 |
24 |
34 |
27 |
39 |
31 |
31 |
28 |
31 |
Amortization Expense |
|
4.71 |
4.71 |
4.71 |
4.69 |
4.43 |
4.43 |
4.42 |
4.41 |
4.18 |
4.18 |
Income Tax Expense |
|
29 |
22 |
18 |
20 |
25 |
24 |
23 |
36 |
27 |
32 |
Basic Earnings per Share |
|
$1.34 |
$1.19 |
$0.87 |
$0.91 |
$1.16 |
$0.96 |
$1.08 |
$1.32 |
$1.44 |
$1.37 |
Weighted Average Basic Shares Outstanding |
|
69.13M |
69.19M |
69.17M |
68.99M |
68.88M |
68.98M |
68.81M |
68.82M |
68.80M |
68.81M |
Diluted Earnings per Share |
|
$1.34 |
$1.18 |
$0.87 |
$0.91 |
$1.16 |
$0.95 |
$1.08 |
$1.32 |
$1.44 |
$1.35 |
Weighted Average Diluted Shares Outstanding |
|
69.33M |
69.42M |
69.32M |
69.03M |
68.99M |
69.10M |
69.01M |
69.01M |
69.07M |
69.06M |
Weighted Average Basic & Diluted Shares Outstanding |
|
69.35M |
69.39M |
69.37M |
69.14M |
69.05M |
69.03M |
69.11M |
69.07M |
69.07M |
69.07M |
Cash Dividends to Common per Share |
|
$0.15 |
$0.15 |
$0.15 |
$0.15 |
$0.15 |
$0.15 |
$0.15 |
$0.15 |
$0.15 |
$0.20 |
Annual Cash Flow Statements for Ameris Bancorp
This table details how cash moves in and out of Ameris Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
220 |
-192 |
132 |
349 |
-58 |
1,495 |
1,947 |
-2,947 |
49 |
53 |
Net Cash From Operating Activities |
|
-25 |
-70 |
-63 |
-109 |
-940 |
798 |
9.14 |
1,062 |
569 |
154 |
Net Cash From Continuing Operating Activities |
|
-25 |
-70 |
-63 |
-109 |
-940 |
798 |
9.14 |
1,062 |
569 |
154 |
Net Income / (Loss) Continuing Operations |
|
41 |
72 |
74 |
121 |
161 |
262 |
377 |
347 |
269 |
359 |
Consolidated Net Income / (Loss) |
|
41 |
72 |
74 |
121 |
161 |
262 |
377 |
347 |
269 |
359 |
Provision For Loan Losses |
|
5.26 |
4.09 |
8.36 |
17 |
20 |
145 |
-35 |
72 |
143 |
59 |
Depreciation Expense |
|
8.06 |
9.52 |
9.20 |
10 |
13 |
16 |
17 |
41 |
35 |
37 |
Amortization Expense |
|
18 |
30 |
18 |
21 |
38 |
48 |
36 |
13 |
11 |
9.93 |
Non-Cash Adjustments to Reconcile Net Income |
|
-101 |
-177 |
-169 |
-273 |
-1,160 |
369 |
-410 |
599 |
92 |
-328 |
Changes in Operating Assets and Liabilities, net |
|
4.46 |
-8.89 |
-2.44 |
-4.52 |
-13 |
-42 |
25 |
-8.73 |
20 |
18 |
Net Cash From Investing Activities |
|
-168 |
-803 |
-667 |
-53 |
-487 |
-1,201 |
-421 |
-4,875 |
-338 |
-847 |
Net Cash From Continuing Investing Activities |
|
-168 |
-803 |
-667 |
-53 |
-487 |
-1,201 |
-421 |
-4,875 |
-338 |
-847 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-13 |
-11 |
-3.76 |
-10 |
-12 |
-18 |
-25 |
-14 |
-18 |
-13 |
Purchase of Investment Securities |
|
-876 |
-353 |
-113 |
-257 |
-323 |
0.00 |
-376 |
-5,175 |
-486 |
-1,440 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.24 |
0.30 |
0.02 |
0.59 |
5.59 |
0.72 |
1.96 |
0.05 |
3.93 |
0.25 |
Sale and/or Maturity of Investments |
|
235 |
376 |
257 |
234 |
471 |
573 |
545 |
314 |
162 |
607 |
Net Cash From Financing Activities |
|
413 |
680 |
862 |
511 |
1,370 |
1,898 |
2,359 |
866 |
-182 |
746 |
Net Cash From Continuing Financing Activities |
|
413 |
680 |
862 |
511 |
1,370 |
1,898 |
2,359 |
866 |
-182 |
746 |
Net Change in Deposits |
|
354 |
295 |
1,051 |
853 |
334 |
2,933 |
2,708 |
-203 |
1,246 |
1,014 |
Issuance of Debt |
|
0.00 |
636 |
1,838 |
1,530 |
5,237 |
7,203 |
0.00 |
3,950 |
15,842 |
6,308 |
Repayment of Debt |
|
-40 |
-231 |
-2,080 |
-1,844 |
-4,141 |
-8,182 |
-296 |
-2,815 |
-17,208 |
-6,527 |
Repurchase of Common Equity |
|
-0.73 |
-1.23 |
-0.89 |
-2.06 |
-18 |
-8.00 |
-9.44 |
-22 |
-20 |
-7.95 |
Payment of Dividends |
|
-6.44 |
-8.58 |
-15 |
-16 |
-25 |
-42 |
-42 |
-42 |
-42 |
-41 |
Other Financing Activities, Net |
|
-8.53 |
-9.12 |
-20 |
-9.34 |
-17 |
-6.73 |
-1.26 |
-3.05 |
0.48 |
0.00 |
Cash Interest Paid |
|
15 |
19 |
32 |
68 |
125 |
95 |
49 |
87 |
418 |
540 |
Cash Income Taxes Paid |
|
5.83 |
41 |
39 |
20 |
36 |
99 |
72 |
134 |
101 |
103 |
Quarterly Cash Flow Statements for Ameris Bancorp
This table details how cash moves in and out of Ameris Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-976 |
-213 |
903 |
-702 |
227 |
-378 |
44 |
151 |
-3.04 |
-139 |
Net Cash From Operating Activities |
|
349 |
-0.32 |
132 |
92 |
132 |
213 |
19 |
-97 |
102 |
131 |
Net Cash From Continuing Operating Activities |
|
355 |
-0.32 |
132 |
92 |
132 |
213 |
19 |
-97 |
102 |
131 |
Net Income / (Loss) Continuing Operations |
|
93 |
82 |
60 |
63 |
80 |
66 |
74 |
91 |
99 |
94 |
Consolidated Net Income / (Loss) |
|
93 |
82 |
60 |
63 |
80 |
66 |
74 |
91 |
99 |
94 |
Provision For Loan Losses |
|
38 |
33 |
50 |
46 |
24 |
23 |
21 |
19 |
6.11 |
13 |
Depreciation Expense |
|
4.62 |
27 |
4.65 |
4.76 |
4.85 |
20 |
4.84 |
4.80 |
4.70 |
22 |
Amortization Expense |
|
14 |
-14 |
9.09 |
8.43 |
6.76 |
-13 |
7.99 |
7.58 |
7.55 |
-13 |
Non-Cash Adjustments to Reconcile Net Income |
|
205 |
-120 |
7.81 |
-29 |
16 |
97 |
-90 |
-219 |
-15 |
-3.87 |
Net Cash From Investing Activities |
|
-1,395 |
-1,349 |
-169 |
-458 |
285 |
4.12 |
-370 |
-500 |
70 |
-46 |
Net Cash From Continuing Investing Activities |
|
-1,395 |
-1,349 |
-169 |
-458 |
285 |
4.12 |
-370 |
-500 |
70 |
-46 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-3.12 |
-2.26 |
-3.26 |
-4.62 |
-3.80 |
-5.85 |
-3.44 |
-3.28 |
-2.41 |
-4.36 |
Purchase of Investment Securities |
|
-313 |
-4,165 |
-36 |
28 |
-1.08 |
-477 |
-71 |
-190 |
-295 |
-884 |
Sale and/or Maturity of Investments |
|
153 |
54 |
23 |
19 |
37 |
83 |
50 |
102 |
428 |
26 |
Net Cash From Financing Activities |
|
70 |
1,136 |
941 |
-336 |
-191 |
-595 |
395 |
748 |
-175 |
-223 |
Net Cash From Continuing Financing Activities |
|
70 |
1,136 |
941 |
-336 |
-191 |
-595 |
395 |
748 |
-175 |
-223 |
Net Change in Deposits |
|
-218 |
-4.18 |
435 |
546 |
147 |
118 |
289 |
447 |
435 |
-157 |
Issuance of Debt |
|
350 |
3,600 |
6,655 |
3,970 |
3,212 |
2,005 |
983 |
2,370 |
1,090 |
1,865 |
Repayment of Debt |
|
-50 |
-2,450 |
-6,130 |
-4,833 |
-3,539 |
-2,705 |
-861 |
-2,055 |
-1,690 |
-1,921 |
Repurchase of Common Equity |
|
-0.14 |
- |
-9.06 |
-7.99 |
-0.03 |
-3.27 |
-4.89 |
-2.96 |
- |
-0.10 |
Payment of Dividends |
|
-10 |
-10 |
-11 |
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
Cash Interest Paid |
|
19 |
45 |
77 |
105 |
109 |
127 |
130 |
138 |
140 |
132 |
Cash Income Taxes Paid |
|
31 |
51 |
-0.00 |
62 |
26 |
13 |
0.40 |
56 |
42 |
4.94 |
Annual Balance Sheets for Ameris Bancorp
This table presents Ameris Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
5,589 |
6,892 |
7,856 |
11,444 |
18,243 |
20,439 |
23,858 |
25,053 |
25,204 |
26,262 |
Cash and Due from Banks |
|
119 |
127 |
139 |
172 |
246 |
203 |
308 |
285 |
230 |
245 |
Interest Bearing Deposits at Other Banks |
|
267 |
71 |
191 |
472 |
351 |
1,894 |
3,737 |
834 |
937 |
975 |
Trading Account Securities |
|
783 |
823 |
811 |
1,192 |
1,403 |
983 |
672 |
1,635 |
1,544 |
1,836 |
Loans and Leases, Net of Allowance |
|
3,888 |
5,240 |
6,021 |
8,483 |
-38 |
14,282 |
15,707 |
19,650 |
19,962 |
20,402 |
Loans and Leases |
|
3,909 |
5,264 |
6,046 |
8,512 |
- |
14,481 |
15,874 |
19,855 |
20,269 |
20,740 |
Allowance for Loan and Lease Losses |
|
21 |
24 |
26 |
29 |
38 |
199 |
168 |
206 |
307 |
338 |
Loans Held for Sale |
|
111 |
106 |
197 |
111 |
1,657 |
1,168 |
1,255 |
392 |
281 |
529 |
Premises and Equipment, Net |
|
122 |
121 |
118 |
145 |
233 |
223 |
225 |
220 |
216 |
209 |
Goodwill |
|
90 |
126 |
126 |
503 |
932 |
928 |
1,013 |
1,016 |
1,016 |
1,016 |
Intangible Assets |
|
17 |
17 |
13 |
59 |
92 |
72 |
126 |
106 |
88 |
71 |
Other Assets |
|
187 |
260 |
240 |
259 |
13,323 |
654 |
16,503 |
916 |
928 |
979 |
Total Liabilities & Shareholders' Equity |
|
5,589 |
6,892 |
7,856 |
11,444 |
18,243 |
20,439 |
23,858 |
25,053 |
25,204 |
26,262 |
Total Liabilities |
|
5,074 |
6,246 |
7,052 |
9,987 |
15,773 |
17,792 |
20,892 |
21,856 |
21,777 |
22,511 |
Non-Interest Bearing Deposits |
|
1,330 |
1,573 |
1,777 |
2,520 |
4,199 |
6,151 |
7,775 |
7,930 |
6,492 |
6,498 |
Interest Bearing Deposits |
|
3,549 |
4,002 |
4,849 |
7,129 |
9,828 |
10,807 |
11,891 |
11,533 |
14,217 |
15,224 |
Long-Term Debt |
|
109 |
577 |
336 |
89 |
1,526 |
550 |
866 |
2,004 |
640 |
424 |
Other Long-Term Liabilities |
|
22 |
40 |
59 |
77 |
199 |
273 |
354 |
389 |
429 |
364 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
515 |
646 |
804 |
1,456 |
2,470 |
2,647 |
2,966 |
3,197 |
3,427 |
3,752 |
Total Preferred & Common Equity |
|
515 |
646 |
804 |
1,456 |
2,470 |
2,647 |
2,966 |
3,197 |
3,427 |
3,752 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
515 |
646 |
804 |
1,456 |
2,470 |
2,647 |
2,966 |
3,197 |
3,427 |
3,752 |
Common Stock |
|
371 |
447 |
547 |
1,101 |
1,979 |
1,985 |
1,997 |
2,007 |
2,018 |
2,031 |
Retained Earnings |
|
153 |
214 |
273 |
377 |
508 |
672 |
1,006 |
1,311 |
1,540 |
1,853 |
Treasury Stock |
|
-12 |
-14 |
-14 |
-17 |
-35 |
-43 |
-52 |
-75 |
-95 |
-103 |
Accumulated Other Comprehensive Income / (Loss) |
|
3.35 |
-1.06 |
-1.28 |
-4.83 |
18 |
34 |
16 |
-47 |
-36 |
-30 |
Quarterly Balance Sheets for Ameris Bancorp
This table presents Ameris Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
23,814 |
26,088 |
25,801 |
25,698 |
25,655 |
26,521 |
26,400 |
Cash and Due from Banks |
|
269 |
266 |
285 |
241 |
236 |
257 |
232 |
Interest Bearing Deposits at Other Banks |
|
- |
- |
- |
- |
975 |
1,105 |
1,128 |
Trading Account Securities |
|
1,385 |
1,631 |
1,603 |
1,566 |
1,561 |
1,680 |
1,603 |
Loans and Leases, Net of Allowance |
|
18,622 |
19,755 |
20,200 |
19,911 |
20,280 |
20,656 |
20,631 |
Loans and Leases |
|
18,807 |
19,998 |
20,472 |
20,201 |
20,600 |
20,993 |
20,965 |
Allowance for Loan and Lease Losses |
|
185 |
243 |
272 |
290 |
320 |
336 |
334 |
Loans Held for Sale |
|
298 |
395 |
391 |
381 |
364 |
570 |
553 |
Premises and Equipment, Net |
|
223 |
219 |
219 |
218 |
215 |
213 |
211 |
Goodwill |
|
1,023 |
1,016 |
1,016 |
1,016 |
1,016 |
1,016 |
1,016 |
Intangible Assets |
|
111 |
101 |
97 |
92 |
84 |
79 |
75 |
Other Assets |
|
821 |
950 |
956 |
968 |
924 |
944 |
952 |
Total Liabilities & Shareholders' Equity |
|
23,814 |
26,088 |
25,801 |
25,698 |
25,655 |
26,521 |
26,400 |
Total Liabilities |
|
20,695 |
22,835 |
22,516 |
22,351 |
22,171 |
22,954 |
22,718 |
Non-Interest Bearing Deposits |
|
8,343 |
7,298 |
6,707 |
6,590 |
6,538 |
6,649 |
6,670 |
Interest Bearing Deposits |
|
11,124 |
12,600 |
13,736 |
14,001 |
14,459 |
14,795 |
15,209 |
Long-Term Debt |
|
853 |
2,530 |
1,666 |
1,339 |
762 |
1,078 |
478 |
Other Long-Term Liabilities |
|
374 |
408 |
407 |
421 |
411 |
432 |
361 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
3,119 |
3,253 |
3,285 |
3,347 |
3,485 |
3,567 |
3,681 |
Total Preferred & Common Equity |
|
3,119 |
3,253 |
3,285 |
3,347 |
3,485 |
3,567 |
3,681 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
3,119 |
3,253 |
3,285 |
3,347 |
3,485 |
3,567 |
3,681 |
Common Stock |
|
2,005 |
2,010 |
2,012 |
2,015 |
2,021 |
2,024 |
2,027 |
Retained Earnings |
|
1,239 |
1,363 |
1,415 |
1,484 |
1,604 |
1,684 |
1,773 |
Treasury Stock |
|
-75 |
-84 |
-92 |
-92 |
-100 |
-103 |
-103 |
Accumulated Other Comprehensive Income / (Loss) |
|
-51 |
-36 |
-51 |
-61 |
-40 |
-38 |
-16 |
Annual Metrics And Ratios for Ameris Bancorp
This table displays calculated financial ratios and metrics derived from Ameris Bancorp's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
22.75% |
24.53% |
12.12% |
26.67% |
52.29% |
53.14% |
-5.21% |
6.33% |
-0.70% |
5.99% |
EBITDA Growth |
|
1.43% |
75.98% |
4.58% |
20.27% |
44.12% |
58.35% |
31.86% |
-7.69% |
-20.50% |
29.72% |
EBIT Growth |
|
0.96% |
85.48% |
18.09% |
21.89% |
39.67% |
66.40% |
40.91% |
-8.67% |
-21.22% |
33.32% |
NOPAT Growth |
|
5.49% |
76.51% |
2.01% |
64.56% |
33.39% |
61.83% |
44.27% |
-8.06% |
-22.35% |
33.29% |
Net Income Growth |
|
5.49% |
76.51% |
2.01% |
64.56% |
33.39% |
62.28% |
43.87% |
-8.06% |
-22.35% |
33.29% |
EPS Growth |
|
-13.01% |
63.78% |
-4.81% |
41.41% |
-1.79% |
37.09% |
43.24% |
-7.59% |
-22.04% |
33.42% |
Operating Cash Flow Growth |
|
-350.73% |
-176.60% |
10.33% |
-73.91% |
-764.14% |
184.92% |
-98.86% |
11,524.43% |
-46.45% |
-72.90% |
Free Cash Flow Firm Growth |
|
-159.59% |
-723.17% |
134.58% |
-337.92% |
-402.38% |
150.04% |
-123.69% |
-301.17% |
238.12% |
-82.21% |
Invested Capital Growth |
|
17.77% |
85.75% |
-8.25% |
46.66% |
133.83% |
-20.12% |
19.65% |
35.51% |
-21.82% |
2.68% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
3.27% |
8.69% |
12.92% |
5.68% |
-1.90% |
2.25% |
-0.93% |
2.55% |
EBITDA Q/Q Growth |
|
127.95% |
309.27% |
2.73% |
13.77% |
19.04% |
14.87% |
-6.25% |
-0.34% |
-4.71% |
7.73% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
5.12% |
14.63% |
17.59% |
18.76% |
-5.77% |
-0.65% |
-3.81% |
8.10% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
-10.93% |
39.69% |
12.32% |
14.11% |
-2.99% |
0.08% |
-5.71% |
8.61% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
-10.93% |
39.69% |
12.32% |
14.43% |
-3.17% |
0.08% |
-5.71% |
8.61% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
-13.16% |
37.25% |
-7.09% |
17.81% |
-3.23% |
0.20% |
-5.58% |
8.35% |
Operating Cash Flow Q/Q Growth |
|
-207.04% |
-0.41% |
39.38% |
-80.09% |
-56.03% |
2,918.05% |
-94.34% |
-20.08% |
59.93% |
-34.82% |
Free Cash Flow Firm Q/Q Growth |
|
1.42% |
-7.70% |
136.89% |
-15.50% |
-32.91% |
86.73% |
-150.18% |
-498.54% |
427.64% |
-70.86% |
Invested Capital Q/Q Growth |
|
3.75% |
11.72% |
-31.50% |
-20.66% |
2.55% |
-10.21% |
11.05% |
30.93% |
-13.23% |
0.38% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
31.56% |
44.60% |
41.60% |
39.50% |
37.38% |
38.65% |
53.77% |
46.68% |
37.38% |
45.74% |
EBIT Margin |
|
21.73% |
32.37% |
34.09% |
32.80% |
30.09% |
32.69% |
48.60% |
41.74% |
33.11% |
41.65% |
Profit (Net Income) Margin |
|
15.64% |
22.17% |
20.17% |
26.21% |
22.96% |
24.33% |
36.92% |
31.93% |
24.97% |
31.40% |
Tax Burden Percent |
|
71.98% |
68.51% |
59.18% |
79.89% |
76.30% |
77.17% |
75.97% |
76.48% |
75.39% |
75.38% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
96.43% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
28.02% |
31.49% |
40.82% |
20.11% |
23.70% |
23.05% |
24.03% |
23.52% |
24.61% |
24.62% |
Return on Invested Capital (ROIC) |
|
6.43% |
7.34% |
6.01% |
8.38% |
5.63% |
7.23% |
10.70% |
7.67% |
5.81% |
8.70% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.43% |
7.34% |
6.01% |
8.38% |
5.63% |
7.30% |
10.70% |
7.67% |
5.81% |
8.70% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.85% |
5.08% |
4.13% |
2.33% |
2.59% |
3.01% |
2.73% |
3.58% |
2.32% |
1.29% |
Return on Equity (ROE) |
|
9.28% |
12.42% |
10.14% |
10.71% |
8.22% |
10.24% |
13.43% |
11.24% |
8.13% |
9.99% |
Cash Return on Invested Capital (CROIC) |
|
-9.89% |
-52.67% |
14.61% |
-29.45% |
-74.55% |
29.61% |
-7.19% |
-22.49% |
30.30% |
6.06% |
Operating Return on Assets (OROA) |
|
1.18% |
1.69% |
1.69% |
1.57% |
1.43% |
1.82% |
2.24% |
1.85% |
1.42% |
1.85% |
Return on Assets (ROA) |
|
0.85% |
1.16% |
1.00% |
1.25% |
1.09% |
1.35% |
1.70% |
1.42% |
1.07% |
1.39% |
Return on Common Equity (ROCE) |
|
9.28% |
12.42% |
10.14% |
10.71% |
8.22% |
10.24% |
13.43% |
11.24% |
8.13% |
9.99% |
Return on Equity Simple (ROE_SIMPLE) |
|
7.94% |
11.15% |
9.14% |
8.31% |
6.54% |
9.90% |
12.71% |
10.84% |
7.85% |
9.56% |
Net Operating Profit after Tax (NOPAT) |
|
41 |
72 |
74 |
121 |
161 |
261 |
377 |
347 |
269 |
359 |
NOPAT Margin |
|
15.64% |
22.17% |
20.17% |
26.21% |
22.96% |
24.26% |
36.92% |
31.93% |
24.97% |
31.40% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-0.07% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
52.99% |
49.21% |
48.51% |
46.39% |
44.22% |
43.33% |
43.13% |
39.83% |
40.51% |
41.03% |
Operating Expenses to Revenue |
|
76.25% |
66.38% |
63.62% |
63.59% |
67.11% |
55.58% |
54.87% |
51.65% |
53.65% |
53.20% |
Earnings before Interest and Taxes (EBIT) |
|
57 |
105 |
124 |
151 |
212 |
352 |
496 |
453 |
357 |
476 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
82 |
145 |
152 |
182 |
263 |
416 |
549 |
507 |
403 |
523 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.89 |
2.11 |
2.01 |
0.94 |
1.11 |
0.95 |
1.12 |
1.00 |
1.06 |
1.15 |
Price to Tangible Book Value (P/TBV) |
|
2.38 |
2.71 |
2.43 |
1.53 |
1.89 |
1.52 |
1.81 |
1.53 |
1.56 |
1.62 |
Price to Revenue (P/Rev) |
|
3.72 |
4.19 |
4.44 |
2.97 |
3.89 |
2.32 |
3.24 |
2.93 |
3.36 |
3.78 |
Price to Earnings (P/E) |
|
23.78 |
18.90 |
22.03 |
11.33 |
16.94 |
9.55 |
8.78 |
9.18 |
13.45 |
12.05 |
Dividend Yield |
|
0.66% |
0.77% |
0.92% |
1.39% |
1.27% |
1.67% |
1.26% |
1.31% |
1.14% |
1.04% |
Earnings Yield |
|
4.21% |
5.29% |
4.54% |
8.83% |
5.90% |
10.47% |
11.39% |
10.89% |
7.43% |
8.30% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.10 |
1.41 |
1.41 |
0.55 |
0.91 |
0.29 |
0.03 |
0.78 |
0.76 |
0.84 |
Enterprise Value to Revenue (EV/Rev) |
|
2.88 |
5.52 |
4.54 |
2.04 |
5.20 |
0.88 |
0.12 |
3.75 |
2.87 |
3.09 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
9.14 |
12.37 |
10.92 |
5.16 |
13.92 |
2.27 |
0.21 |
8.03 |
7.68 |
6.75 |
Enterprise Value to EBIT (EV/EBIT) |
|
13.27 |
17.05 |
13.33 |
6.22 |
17.30 |
2.69 |
0.24 |
8.98 |
8.66 |
7.41 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
18.44 |
24.89 |
22.52 |
7.78 |
22.67 |
3.62 |
0.31 |
11.74 |
11.49 |
9.83 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.18 |
12.85 |
3.83 |
5.44 |
22.86 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
9.26 |
0.00 |
0.00 |
0.88 |
0.00 |
0.00 |
2.20 |
14.12 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.34 |
0.97 |
0.46 |
0.18 |
0.63 |
0.21 |
0.29 |
0.63 |
0.19 |
0.11 |
Long-Term Debt to Equity |
|
0.21 |
0.89 |
0.42 |
0.06 |
0.62 |
0.21 |
0.29 |
0.63 |
0.19 |
0.11 |
Financial Leverage |
|
0.44 |
0.69 |
0.69 |
0.28 |
0.46 |
0.41 |
0.26 |
0.47 |
0.40 |
0.15 |
Leverage Ratio |
|
10.93 |
10.75 |
10.16 |
8.54 |
7.56 |
7.56 |
7.89 |
7.94 |
7.59 |
7.17 |
Compound Leverage Factor |
|
10.93 |
10.75 |
10.16 |
8.54 |
7.56 |
7.29 |
7.89 |
7.94 |
7.59 |
7.17 |
Debt to Total Capital |
|
25.10% |
49.36% |
31.31% |
15.21% |
38.51% |
17.49% |
22.72% |
38.53% |
15.74% |
10.16% |
Short-Term Debt to Total Capital |
|
9.25% |
4.19% |
2.62% |
10.02% |
0.51% |
0.36% |
0.15% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
15.84% |
45.17% |
28.70% |
5.19% |
38.00% |
17.13% |
22.57% |
38.53% |
15.74% |
10.16% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
74.90% |
50.64% |
68.69% |
84.79% |
61.49% |
82.51% |
77.28% |
61.47% |
84.26% |
89.84% |
Debt to EBITDA |
|
2.09 |
4.34 |
2.42 |
1.43 |
5.88 |
1.35 |
1.59 |
3.95 |
1.59 |
0.81 |
Net Debt to EBITDA |
|
-2.65 |
2.98 |
0.24 |
-2.35 |
3.52 |
-3.74 |
-5.82 |
1.75 |
-1.31 |
-1.52 |
Long-Term Debt to EBITDA |
|
1.32 |
3.98 |
2.22 |
0.49 |
5.81 |
1.32 |
1.58 |
3.95 |
1.59 |
0.81 |
Debt to NOPAT |
|
4.22 |
8.74 |
4.99 |
2.16 |
9.58 |
2.15 |
2.31 |
5.78 |
2.38 |
1.18 |
Net Debt to NOPAT |
|
-5.34 |
5.99 |
0.49 |
-3.54 |
5.73 |
-5.96 |
-8.47 |
2.56 |
-1.96 |
-2.22 |
Long-Term Debt to NOPAT |
|
2.67 |
8.00 |
4.57 |
0.74 |
9.45 |
2.10 |
2.30 |
5.78 |
2.38 |
1.18 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-63 |
-517 |
179 |
-425 |
-2,137 |
1,070 |
-253 |
-1,016 |
1,404 |
250 |
Operating Cash Flow to CapEx |
|
-204.53% |
-653.13% |
-1,670.99% |
-1,154.90% |
-15,685.87% |
4,589.01% |
38.91% |
7,857.37% |
4,181.68% |
1,165.74% |
Free Cash Flow to Firm to Interest Expense |
|
-4.23 |
-26.26 |
5.23 |
-6.08 |
-16.29 |
12.05 |
-5.30 |
-10.95 |
3.15 |
0.47 |
Operating Cash Flow to Interest Expense |
|
-1.70 |
-3.54 |
-1.83 |
-1.56 |
-7.16 |
9.00 |
0.19 |
11.44 |
1.28 |
0.29 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-2.53 |
-4.08 |
-1.94 |
-1.69 |
-7.21 |
8.80 |
-0.30 |
11.30 |
1.25 |
0.27 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.06 |
0.05 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.39 |
2.68 |
3.05 |
3.51 |
3.72 |
4.72 |
4.55 |
4.87 |
4.94 |
5.36 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
687 |
1,276 |
1,171 |
1,718 |
4,016 |
3,208 |
3,839 |
5,201 |
4,067 |
4,176 |
Invested Capital Turnover |
|
0.41 |
0.33 |
0.30 |
0.32 |
0.25 |
0.30 |
0.29 |
0.24 |
0.23 |
0.28 |
Increase / (Decrease) in Invested Capital |
|
104 |
589 |
-105 |
546 |
2,299 |
-808 |
630 |
1,363 |
-1,135 |
109 |
Enterprise Value (EV) |
|
753 |
1,795 |
1,656 |
942 |
3,660 |
946 |
117 |
4,067 |
3,092 |
3,525 |
Market Capitalization |
|
971 |
1,363 |
1,620 |
1,371 |
2,735 |
2,502 |
3,310 |
3,181 |
3,620 |
4,322 |
Book Value per Share |
|
$15.99 |
$18.51 |
$21.61 |
$30.66 |
$35.45 |
$38.09 |
$42.60 |
$46.10 |
$49.63 |
$54.32 |
Tangible Book Value per Share |
|
$12.66 |
$14.42 |
$17.87 |
$18.83 |
$20.76 |
$23.70 |
$26.25 |
$29.93 |
$33.64 |
$38.59 |
Total Capital |
|
687 |
1,276 |
1,171 |
1,718 |
4,016 |
3,208 |
3,839 |
5,201 |
4,067 |
4,176 |
Total Debt |
|
172 |
630 |
367 |
261 |
1,547 |
561 |
872 |
2,004 |
640 |
424 |
Total Long-Term Debt |
|
109 |
577 |
336 |
89 |
1,526 |
550 |
866 |
2,004 |
640 |
424 |
Net Debt |
|
-218 |
432 |
36 |
-429 |
925 |
-1,556 |
-3,193 |
886 |
-527 |
-796 |
Capital Expenditures (CapEx) |
|
12 |
11 |
3.74 |
9.42 |
5.99 |
17 |
23 |
14 |
14 |
13 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-0.73 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
172 |
630 |
367 |
261 |
1,547 |
561 |
872 |
2,004 |
640 |
424 |
Total Depreciation and Amortization (D&A) |
|
26 |
40 |
27 |
31 |
51 |
64 |
53 |
54 |
46 |
47 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$2.10 |
$2.00 |
$2.81 |
$0.00 |
$3.78 |
$5.43 |
$5.01 |
$3.90 |
$5.21 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
34.35M |
36.83M |
43.14M |
0.00 |
69.26M |
69.43M |
69.19M |
68.98M |
68.81M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$2.08 |
$1.98 |
$2.80 |
$0.00 |
$3.77 |
$5.40 |
$4.99 |
$3.89 |
$5.19 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
34.70M |
37.14M |
43.25M |
0.00 |
69.43M |
69.76M |
69.42M |
69.10M |
69.06M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
35.12M |
38.24M |
47.50M |
0.00 |
69.62M |
69.68M |
69.39M |
69.03M |
69.07M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
47 |
76 |
74 |
137 |
217 |
261 |
380 |
347 |
269 |
359 |
Normalized NOPAT Margin |
|
17.84% |
23.52% |
20.32% |
29.75% |
30.89% |
24.26% |
37.23% |
32.01% |
24.97% |
31.40% |
Pre Tax Income Margin |
|
21.73% |
32.37% |
34.09% |
32.80% |
30.09% |
31.52% |
48.60% |
41.74% |
33.11% |
41.65% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.82 |
5.34 |
3.63 |
2.17 |
1.61 |
3.97 |
10.38 |
4.88 |
0.80 |
0.90 |
NOPAT to Interest Expense |
|
2.75 |
3.66 |
2.15 |
1.73 |
1.23 |
2.94 |
7.89 |
3.73 |
0.60 |
0.68 |
EBIT Less CapEx to Interest Expense |
|
2.99 |
4.80 |
3.52 |
2.03 |
1.57 |
3.77 |
9.89 |
4.73 |
0.77 |
0.87 |
NOPAT Less CapEx to Interest Expense |
|
1.92 |
3.12 |
2.04 |
1.60 |
1.18 |
2.75 |
7.40 |
3.59 |
0.57 |
0.65 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
15.76% |
11.91% |
19.92% |
13.55% |
15.28% |
15.91% |
11.09% |
12.01% |
15.48% |
11.56% |
Augmented Payout Ratio |
|
17.56% |
13.60% |
21.12% |
15.26% |
26.69% |
18.96% |
13.59% |
18.48% |
23.04% |
13.78% |
Quarterly Metrics And Ratios for Ameris Bancorp
This table displays calculated financial ratios and metrics derived from Ameris Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
16.83% |
9.61% |
3.18% |
0.61% |
-2.65% |
-3.72% |
-0.16% |
8.57% |
4.74% |
10.84% |
EBITDA Growth |
|
10.84% |
-1.45% |
-25.10% |
-23.58% |
-16.69% |
-16.91% |
19.49% |
44.43% |
18.44% |
38.35% |
EBIT Growth |
|
9.37% |
-2.74% |
-28.20% |
-29.74% |
-13.25% |
-13.53% |
24.06% |
52.47% |
19.86% |
39.43% |
NOPAT Growth |
|
13.31% |
0.34% |
-26.04% |
-30.46% |
-13.44% |
-19.81% |
22.99% |
44.94% |
23.84% |
43.14% |
Net Income Growth |
|
13.31% |
0.34% |
-26.04% |
-30.46% |
-13.44% |
-19.81% |
22.99% |
44.94% |
23.84% |
43.14% |
EPS Growth |
|
14.53% |
0.85% |
-25.64% |
-30.00% |
-13.43% |
-19.49% |
24.14% |
45.05% |
24.14% |
42.11% |
Operating Cash Flow Growth |
|
311.05% |
-100.12% |
-63.46% |
-73.84% |
-62.20% |
67,470.57% |
-85.89% |
-204.97% |
-22.54% |
-38.70% |
Free Cash Flow Firm Growth |
|
-313.79% |
-133.57% |
-1,226.85% |
-775.75% |
-49.64% |
193.75% |
174.52% |
131.51% |
198.78% |
-101.22% |
Invested Capital Growth |
|
14.93% |
35.51% |
62.38% |
36.49% |
17.97% |
-21.82% |
-26.57% |
-6.19% |
-11.24% |
2.68% |
Revenue Q/Q Growth |
|
1.13% |
-2.09% |
-1.76% |
3.43% |
-2.15% |
-3.17% |
1.87% |
12.48% |
-5.61% |
2.47% |
EBITDA Q/Q Growth |
|
11.27% |
-15.95% |
-21.58% |
4.19% |
21.29% |
-16.16% |
12.78% |
25.93% |
-0.53% |
-2.07% |
EBIT Q/Q Growth |
|
2.53% |
-13.66% |
-24.86% |
5.62% |
26.58% |
-13.94% |
7.82% |
29.81% |
-0.49% |
0.11% |
NOPAT Q/Q Growth |
|
2.76% |
-11.17% |
-26.51% |
3.66% |
27.91% |
-17.70% |
12.71% |
22.17% |
9.28% |
-4.87% |
Net Income Q/Q Growth |
|
2.76% |
-11.17% |
-26.51% |
3.66% |
27.91% |
-17.70% |
12.71% |
22.17% |
9.28% |
-4.87% |
EPS Q/Q Growth |
|
3.08% |
-11.94% |
-26.27% |
4.60% |
27.47% |
-18.10% |
13.68% |
22.22% |
9.09% |
-6.25% |
Operating Cash Flow Q/Q Growth |
|
-1.28% |
-100.09% |
41,777.53% |
-29.79% |
42.66% |
61.40% |
-91.27% |
-622.40% |
205.26% |
27.73% |
Free Cash Flow Firm Q/Q Growth |
|
-194.12% |
-202.40% |
-68.76% |
41.65% |
49.74% |
289.46% |
34.14% |
-75.33% |
57.54% |
-102.33% |
Invested Capital Q/Q Growth |
|
9.52% |
30.93% |
11.19% |
-14.39% |
-5.34% |
-13.23% |
4.43% |
9.36% |
-10.44% |
0.38% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
50.31% |
43.19% |
34.48% |
34.73% |
43.05% |
37.27% |
41.26% |
46.20% |
48.68% |
46.52% |
EBIT Margin |
|
43.50% |
38.36% |
29.34% |
29.97% |
38.77% |
34.45% |
36.46% |
42.08% |
44.36% |
43.34% |
Profit (Net Income) Margin |
|
33.26% |
30.17% |
22.57% |
22.62% |
29.57% |
25.13% |
27.80% |
30.20% |
34.96% |
32.46% |
Tax Burden Percent |
|
76.44% |
78.65% |
76.92% |
75.49% |
76.28% |
72.95% |
76.26% |
71.77% |
78.81% |
74.89% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
23.56% |
21.35% |
23.08% |
24.51% |
23.72% |
27.05% |
23.74% |
28.23% |
21.19% |
25.11% |
Return on Invested Capital (ROIC) |
|
9.50% |
7.25% |
5.28% |
5.78% |
7.43% |
5.85% |
5.97% |
6.93% |
8.81% |
9.00% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.50% |
7.25% |
5.28% |
5.78% |
7.43% |
5.85% |
5.97% |
6.93% |
8.81% |
9.00% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.22% |
3.38% |
2.60% |
2.02% |
2.52% |
2.33% |
2.92% |
2.78% |
2.28% |
1.33% |
Return on Equity (ROE) |
|
11.73% |
10.63% |
7.89% |
7.79% |
9.95% |
8.18% |
8.89% |
9.71% |
11.08% |
10.33% |
Cash Return on Invested Capital (CROIC) |
|
-4.57% |
-22.49% |
-40.59% |
-23.92% |
-9.90% |
30.30% |
36.28% |
12.88% |
19.38% |
6.06% |
Operating Return on Assets (OROA) |
|
1.99% |
1.70% |
1.29% |
1.33% |
1.70% |
1.48% |
1.52% |
1.77% |
1.90% |
1.92% |
Return on Assets (ROA) |
|
1.52% |
1.34% |
0.99% |
1.00% |
1.30% |
1.08% |
1.16% |
1.27% |
1.50% |
1.44% |
Return on Common Equity (ROCE) |
|
11.73% |
10.63% |
7.89% |
7.79% |
9.95% |
8.18% |
8.89% |
9.71% |
11.08% |
10.33% |
Return on Equity Simple (ROE_SIMPLE) |
|
11.10% |
0.00% |
10.00% |
9.07% |
8.53% |
0.00% |
8.12% |
8.72% |
8.97% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
93 |
82 |
60 |
63 |
80 |
66 |
74 |
91 |
99 |
94 |
NOPAT Margin |
|
33.26% |
30.17% |
22.57% |
22.62% |
29.57% |
25.13% |
27.80% |
30.20% |
34.96% |
32.46% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
38.54% |
38.15% |
41.26% |
39.70% |
40.73% |
40.38% |
42.29% |
39.76% |
42.19% |
40.06% |
Operating Expenses to Revenue |
|
50.15% |
49.57% |
52.08% |
53.60% |
52.21% |
56.80% |
55.64% |
51.68% |
53.49% |
52.26% |
Earnings before Interest and Taxes (EBIT) |
|
121 |
105 |
79 |
83 |
105 |
90 |
97 |
127 |
126 |
126 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
140 |
118 |
92 |
96 |
117 |
98 |
110 |
139 |
138 |
135 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.96 |
1.00 |
0.76 |
0.71 |
0.78 |
1.06 |
0.95 |
0.97 |
1.17 |
1.15 |
Price to Tangible Book Value (P/TBV) |
|
1.52 |
1.53 |
1.16 |
1.07 |
1.17 |
1.56 |
1.39 |
1.40 |
1.66 |
1.62 |
Price to Revenue (P/Rev) |
|
2.83 |
2.93 |
2.27 |
2.13 |
2.40 |
3.36 |
3.07 |
3.14 |
3.86 |
3.78 |
Price to Earnings (P/E) |
|
8.69 |
9.18 |
7.62 |
7.82 |
9.16 |
13.45 |
11.70 |
11.12 |
13.01 |
12.05 |
Dividend Yield |
|
1.38% |
1.31% |
1.68% |
1.79% |
1.59% |
1.14% |
1.25% |
1.20% |
0.96% |
1.04% |
Earnings Yield |
|
11.51% |
10.89% |
13.12% |
12.79% |
10.91% |
7.43% |
8.55% |
8.99% |
7.69% |
8.30% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.64 |
0.78 |
0.52 |
0.54 |
0.51 |
0.76 |
0.67 |
0.68 |
0.82 |
0.84 |
Enterprise Value to Revenue (EV/Rev) |
|
2.38 |
3.75 |
2.73 |
2.44 |
2.21 |
2.87 |
2.66 |
2.88 |
3.07 |
3.09 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
4.98 |
8.03 |
6.28 |
6.00 |
5.70 |
7.68 |
6.80 |
6.85 |
7.04 |
6.75 |
Enterprise Value to EBIT (EV/EBIT) |
|
5.55 |
8.98 |
7.08 |
6.91 |
6.49 |
8.66 |
7.61 |
7.57 |
7.76 |
7.41 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
7.31 |
11.74 |
9.19 |
8.99 |
8.44 |
11.49 |
10.11 |
10.21 |
10.34 |
9.83 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
1.90 |
3.83 |
3.59 |
4.67 |
6.77 |
5.44 |
6.28 |
11.92 |
14.43 |
22.86 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.20 |
1.57 |
5.14 |
3.98 |
14.12 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.27 |
0.63 |
0.78 |
0.51 |
0.40 |
0.19 |
0.22 |
0.30 |
0.13 |
0.11 |
Long-Term Debt to Equity |
|
0.27 |
0.63 |
0.78 |
0.51 |
0.40 |
0.19 |
0.22 |
0.30 |
0.13 |
0.11 |
Financial Leverage |
|
0.23 |
0.47 |
0.49 |
0.35 |
0.34 |
0.40 |
0.49 |
0.40 |
0.26 |
0.15 |
Leverage Ratio |
|
7.70 |
7.94 |
7.93 |
7.78 |
7.66 |
7.59 |
7.68 |
7.64 |
7.41 |
7.17 |
Compound Leverage Factor |
|
7.70 |
7.94 |
7.93 |
7.78 |
7.66 |
7.59 |
7.68 |
7.64 |
7.41 |
7.17 |
Debt to Total Capital |
|
21.48% |
38.53% |
43.75% |
33.66% |
28.58% |
15.74% |
17.95% |
23.21% |
11.50% |
10.16% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
21.48% |
38.53% |
43.75% |
33.66% |
28.58% |
15.74% |
17.95% |
23.21% |
11.50% |
10.16% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
78.52% |
61.47% |
56.25% |
66.34% |
71.42% |
84.26% |
82.05% |
76.79% |
88.50% |
89.84% |
Debt to EBITDA |
|
1.68 |
3.95 |
5.32 |
3.74 |
3.17 |
1.59 |
1.81 |
2.32 |
0.99 |
0.81 |
Net Debt to EBITDA |
|
-0.94 |
1.75 |
1.07 |
0.78 |
-0.49 |
-1.31 |
-1.07 |
-0.61 |
-1.82 |
-1.52 |
Long-Term Debt to EBITDA |
|
1.68 |
3.95 |
5.32 |
3.74 |
3.17 |
1.59 |
1.81 |
2.32 |
0.99 |
0.81 |
Debt to NOPAT |
|
2.46 |
5.78 |
7.78 |
5.59 |
4.69 |
2.38 |
2.69 |
3.46 |
1.45 |
1.18 |
Net Debt to NOPAT |
|
-1.38 |
2.56 |
1.57 |
1.17 |
-0.72 |
-1.96 |
-1.59 |
-0.91 |
-2.67 |
-2.22 |
Long-Term Debt to NOPAT |
|
2.46 |
5.78 |
7.78 |
5.59 |
4.69 |
2.38 |
2.69 |
3.46 |
1.45 |
1.18 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-424 |
-1,281 |
-2,161 |
-1,261 |
-634 |
1,201 |
1,611 |
397 |
626 |
-15 |
Operating Cash Flow to CapEx |
|
11,201.32% |
-13.98% |
4,042.39% |
2,008.32% |
3,493.22% |
10,817.63% |
576.48% |
-2,990.20% |
4,255.39% |
2,995.25% |
Free Cash Flow to Firm to Interest Expense |
|
-19.86 |
-25.87 |
-25.71 |
-11.22 |
-5.16 |
9.52 |
12.58 |
2.93 |
4.44 |
-0.12 |
Operating Cash Flow to Interest Expense |
|
16.37 |
-0.01 |
1.57 |
0.82 |
1.07 |
1.69 |
0.15 |
-0.72 |
0.72 |
1.05 |
Operating Cash Flow Less CapEx to Interest Expense |
|
16.22 |
-0.05 |
1.53 |
0.78 |
1.04 |
1.67 |
0.12 |
-0.74 |
0.71 |
1.01 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
4.73 |
4.87 |
4.94 |
4.95 |
4.94 |
4.94 |
4.97 |
5.10 |
5.20 |
5.36 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
3,973 |
5,201 |
5,783 |
4,951 |
4,686 |
4,067 |
4,247 |
4,644 |
4,160 |
4,176 |
Invested Capital Turnover |
|
0.29 |
0.24 |
0.23 |
0.26 |
0.25 |
0.23 |
0.21 |
0.23 |
0.25 |
0.28 |
Increase / (Decrease) in Invested Capital |
|
516 |
1,363 |
2,222 |
1,324 |
714 |
-1,135 |
-1,536 |
-307 |
-527 |
109 |
Enterprise Value (EV) |
|
2,530 |
4,067 |
2,989 |
2,676 |
2,409 |
3,092 |
2,862 |
3,176 |
3,414 |
3,525 |
Market Capitalization |
|
3,008 |
3,181 |
2,480 |
2,329 |
2,615 |
3,620 |
3,311 |
3,460 |
4,295 |
4,322 |
Book Value per Share |
|
$44.97 |
$46.10 |
$46.89 |
$47.35 |
$48.41 |
$49.63 |
$50.48 |
$51.61 |
$53.30 |
$54.32 |
Tangible Book Value per Share |
|
$28.62 |
$29.93 |
$30.79 |
$31.31 |
$32.38 |
$33.64 |
$34.56 |
$35.77 |
$37.51 |
$38.59 |
Total Capital |
|
3,973 |
5,201 |
5,783 |
4,951 |
4,686 |
4,067 |
4,247 |
4,644 |
4,160 |
4,176 |
Total Debt |
|
853 |
2,004 |
2,530 |
1,666 |
1,339 |
640 |
762 |
1,078 |
478 |
424 |
Total Long-Term Debt |
|
853 |
2,004 |
2,530 |
1,666 |
1,339 |
640 |
762 |
1,078 |
478 |
424 |
Net Debt |
|
-478 |
886 |
509 |
347 |
-206 |
-527 |
-449 |
-284 |
-881 |
-796 |
Capital Expenditures (CapEx) |
|
3.12 |
2.26 |
3.26 |
4.60 |
3.78 |
1.97 |
3.22 |
3.25 |
2.40 |
4.36 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
853 |
2,004 |
2,530 |
1,666 |
1,339 |
640 |
762 |
1,078 |
478 |
424 |
Total Depreciation and Amortization (D&A) |
|
19 |
13 |
14 |
13 |
12 |
7.40 |
13 |
12 |
12 |
9.26 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.34 |
$1.19 |
$0.87 |
$0.91 |
$1.16 |
$0.96 |
$1.08 |
$1.32 |
$1.44 |
$1.37 |
Adjusted Weighted Average Basic Shares Outstanding |
|
69.13M |
69.19M |
69.17M |
68.99M |
68.88M |
68.98M |
68.81M |
68.82M |
68.80M |
68.81M |
Adjusted Diluted Earnings per Share |
|
$1.34 |
$1.18 |
$0.87 |
$0.91 |
$1.16 |
$0.95 |
$1.08 |
$1.32 |
$1.44 |
$1.35 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
69.33M |
69.42M |
69.32M |
69.04M |
68.99M |
69.10M |
69.01M |
69.01M |
69.07M |
69.06M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
69.35M |
69.39M |
69.37M |
69.14M |
69.05M |
69.03M |
69.11M |
69.07M |
69.07M |
69.07M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
93 |
82 |
60 |
63 |
80 |
66 |
74 |
91 |
99 |
94 |
Normalized NOPAT Margin |
|
33.26% |
30.24% |
22.57% |
22.62% |
29.57% |
25.13% |
27.80% |
30.20% |
34.96% |
32.46% |
Pre Tax Income Margin |
|
43.50% |
38.36% |
29.34% |
29.97% |
38.77% |
34.45% |
36.46% |
42.08% |
44.36% |
43.34% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.68 |
2.11 |
0.93 |
0.74 |
0.86 |
0.72 |
0.76 |
0.93 |
0.89 |
1.01 |
NOPAT to Interest Expense |
|
4.34 |
1.66 |
0.72 |
0.56 |
0.65 |
0.52 |
0.58 |
0.67 |
0.70 |
0.76 |
EBIT Less CapEx to Interest Expense |
|
5.53 |
2.07 |
0.90 |
0.70 |
0.82 |
0.70 |
0.74 |
0.91 |
0.88 |
0.98 |
NOPAT Less CapEx to Interest Expense |
|
4.19 |
1.62 |
0.68 |
0.52 |
0.62 |
0.51 |
0.56 |
0.65 |
0.69 |
0.72 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
12.03% |
12.01% |
12.84% |
14.01% |
14.61% |
15.48% |
14.68% |
13.34% |
12.56% |
11.56% |
Augmented Payout Ratio |
|
18.89% |
18.48% |
17.22% |
19.78% |
20.59% |
23.04% |
20.40% |
16.92% |
15.93% |
13.78% |
Key Financial Trends
Ameris Bancorp (NASDAQ: ABCB) demonstrated solid financial performance over the past four years, with steady growth in key areas such as net interest income, total revenue, and net income.
Income Statement and Profitability:
- Net Interest Income remained robust, rising from approximately $213 million in Q3 2022 to a peak around $222 million in Q4 2024, showing consistent core earnings strength.
- Total Revenue increased over the period, with Q4 2024 reporting $290.8 million compared to $278.3 million in Q3 2022, highlighting improved operational performance.
- Net Income continuously expanded, reaching $94.4 million in Q4 2024 from $80.1 million in Q3 2023, boosting earnings per share (diluted EPS) from $1.16 to $1.35 in the same timeframe.
- The company increased its quarterly cash dividend from $0.15 in early 2023 to $0.20 by Q4 2024, indicating confidence in earnings and a shareholder-friendly policy.
- Provision for Credit Losses has risen and fluctuated, peaking in certain quarters (e.g., $22.9 million in Q4 2023), which may hint at credit quality concerns in some periods.
- Non-interest income remained fairly steady but showed variability with significant other service charges supporting income.
Balance Sheet and Cash Flows:
- Total Assets grew from about $23.8 billion in Q3 2022 to roughly $26.4 billion by Q3 2024, showing balance sheet expansion.
- Loans and Leases, net of allowance, increased from around $18.6 billion to over $20.6 billion across the quarters, indicating successful lending growth.
- Common equity rose steadily, with total shareholders’ equity increasing from approximately $3.12 billion in Q3 2022 to $3.68 billion by Q3 2024, strengthening the capital base.
- Debt levels, including long-term debt, fluctuated with significant repayments and issuances, reflecting some volatility in financing activities.
Cash Flow Highlights:
- Operating cash flow was generally positive and even strong in most quarters (e.g., $212.9 million in Q4 2023, and $130.5 million in Q4 2024), underpinning core earnings quality.
- Investing cash flows frequently showed large outflows primarily due to purchases of investment securities, which at times outweigh sales, impacting liquidity.
- Financing activities reflected regular dividend payments (~$10 million quarterly) and share repurchases, but net cash flows fluctuated due to variable debt issuance and repayments.
Summary:
Ameris Bancorp has exhibited consistent growth in earnings, revenue, and capital over the last four years, supported by steady loan growth and strong net interest income. The bank has maintained healthy operating cash flow, while investing activities show active portfolio management. Credit loss provisions require monitoring due to some volatility. Shareholder returns via dividends have been steadily increased, reflective of confidence in the financial profile.
Overall, Ameris Bancorp appears financially sound with positive trends in profitability and balance sheet metrics, although investors should watch credit provisions and debt activity for potential risks.
10/02/25 03:49 PM ETAI Generated. May Contain Errors.