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Ameris Bancorp operates as the bank holding company for Ameris Bank that provides various banking services to retail and commercial customers. It operates through four segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and Premium Finance Division. The company offers commercial and retail checking, interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including home improvement and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans; equipment finance loans; and small business administration loans. Further, it operates full-service domestic banking offices, and mortgage and loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Atlanta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | - | $412M | $370M | 10.1% | 6.3% | 14.9% |
| 2024 | $1.1B | - | $359M | $141M | 9.6% | 5.9% | 33.3% |
| 2023 | $1.0B | - | $269M | $551M | 7.9% | -0.6% | -22.3% |
| 2022 | $1.0B | - | $347M | $1.0B | 10.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,048.59 | 1,042.51 | 1,103.80 | 1,173.68 |
| Operating Revenue | - | 1,048.59 | 1,042.51 | 1,103.80 | 1,173.68 |
| Selling General And Administration | - | 339.81 | 358.69 | 375.75 | 371.22 |
| Interest Income | - | 893.89 | 1,280.44 | 1,378.28 | 1,394.52 |
| Interest Expense | - | 92.86 | 445.39 | 529.09 | 457.60 |
| Net Interest Income | - | 801.03 | 835.04 | 849.19 | 936.92 |
| Pretax Income | - | 453.10 | 356.94 | 475.86 | 533.76 |
| Tax Provision | - | 106.56 | 87.83 | 117.18 | 121.61 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.28 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 346.54 | 269.10 | 358.68 | 412.15 |
| Net Income From Continuing And Discontinued Operation | - | 346.54 | 269.10 | 358.68 | 412.15 |
| Net Income From Continuing Operation Net Minority Interest | - | 346.54 | 269.10 | 358.68 | 412.15 |
| Net Income | - | 346.54 | 269.10 | 358.68 | 412.15 |
| Net Income Common Stockholders | - | 346.54 | 269.10 | 358.68 | 412.15 |
| Net Income Including Noncontrolling Interests | - | 346.54 | 269.10 | 358.68 | 412.15 |
| Normalized Income | - | 347.47 | 269.10 | 358.68 | 412.15 |
| Diluted NI Availto Com Stockholders | - | 346.54 | 269.10 | 358.68 | 412.15 |
| Basic Average Shares | - | 69.19 | 68.98 | 68.81 | 68.45 |
| Diluted Average Shares | - | 69.42 | 69.10 | 69.06 | 68.71 |
| Reconciled Depreciation | - | 53.63 | 45.93 | 46.73 | 38.44 |
| Total Unusual Items | -4.21 | -1.21 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | -4.21 | -1.21 | 0 | 0 | - |
| Special Income Charges | -4.21 | -1.21 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | 4.21 | 1.21 | 0 | 0 | - |
| Gain On Sale Of Security | - | 0.20 | -0.30 | 12.30 | 1.63 |
| Depreciation Amortization Depletion Income Statement | - | 19.74 | 18.24 | 17.19 | 15.94 |
| Depreciation And Amortization In Income Statement | - | 19.74 | 18.24 | 17.19 | 15.94 |
| General And Administrative Expense | - | 327.78 | 347.05 | 363.14 | 359.24 |
| Other Gand A | 45.98 | - | - | - | - |
| Salaries And Wages | - | 319.72 | 320.11 | 347.64 | 348.87 |
| Insurance And Claims | - | 8.06 | 26.94 | 15.50 | 10.37 |
| Selling And Marketing Expense | - | 12.03 | 11.64 | 12.61 | 11.99 |
| Amortization | - | 19.74 | 18.24 | 17.19 | 15.94 |
| Amortization Of Intangibles Income Statement | - | 19.74 | 18.24 | 17.19 | 15.94 |
| Occupancy And Equipment | - | 51.36 | 51.45 | 48.78 | 44.92 |
| Professional Expense And Contract Services Expense | - | 16.44 | 17.73 | 16.74 | 18.14 |
| Other Non Interest Expense | - | 95.22 | 96.81 | 110.69 | 119.45 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ameris Bancorpthis co. | ABCB | $5.7B | 13.90↓ discount | 1.41 | 10.1% | - |
| StepStone Group Inc. | STEP | $5.8B | - | - | 129.6% | - |
| Enact Holdings, Inc. | ACT | $5.7B | 8.48 | 1.07 | 12.6% | - |
| Victory Capital Holdings, Inc. | VCTR | $5.6B | 16.82 | 2.29 | 13.6% | 11.02 |
| Atlantic Union Bankshares Corporation | AUB | $5.4B | 19.74 |
| - |
| - |
| - |
| - |
| 1.08 |
| 5.5% |
| - |
| Mercury General Corporation | MCY | $5.4B | 9.99 | 2.24 | 22.4% | - |
| MARA Holdings, Inc. | MARA | $5.3B | -4.04 | 1.52 | -37.8% | -15.34 |
| Piper Sandler Companies | PIPR | $5.2B | 18.51 | 3.80 | 20.5% | - |
| Moelis & Company | MC | $5.1B | 22.10 | 9.06 | 41.0% | 17.18 |
| Peer Median | - | 16.82 | 2.24 | 17.1% | 11.02 | |