A Business at a Glance
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Ameris Bancorp
ABCB
$6.0B
Mkt Cap
$87.73
-1.60%
Ameris Bancorp (ABCB) has a current P/E ratio of 14.6, compared to its historical median P/E of 12.3. The stock is currently considered Fair based on its historical valuation range.
Ameris Bancorp (ABCB) has a 5-year average return on invested capital (ROIC) of 10.7%. This indicates solid capital allocation.
Ameris Bancorp (ABCB) has a market capitalization of $6.0B. It is classified as a mid-cap stock.
Yes, Ameris Bancorp (ABCB) pays a dividend with a trailing twelve-month yield of 0.92%. The company also returns capital through share buybacks, with a buyback yield of 1.38%.
Based on historical P/E analysis, Ameris Bancorp (ABCB) appears fair. The current P/E of 14.6 is 19% above its historical median of 12.3. The estimated fair value CAGR (P/E method) is 9.1%.
Ameris Bancorp (ABCB) operates in the State Commercial Banks industry, within the Financials sector.
Ameris Bancorp (ABCB) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. BUSINESS We are a financial holding company whose business is conducted primarily through our wholly owned banking subsidiary, Ameris Bank (the “Bank”), which provides a full range of banking services to its retail and commercial customers who are primarily concentrated in select markets in Georgia, Alabama, Florida, North Carolina and South Carolina. The Company’s executive office is located at 3490 Piedmont Road N.E., Suite 1550, Atlanta, Georgia 30305, our telephone number is (404) 639-6500 and our internet address is www.amerisbank.com. We operate 163 full-service domestic banking offices. We do not operate in any foreign countries. At December 31, 2025, we had approximately $27.52 billion in total assets, $22.14 billion in total loans, $22.38 billion in total deposits and $4.08 billion of shareholders’ equity. Our deposits are insured, up to applicable limits, by the Federal Deposit Insurance Corporation (the “FDIC”).
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Service charges on deposit accounts | $45M | $44M | $47M | $51M | $55M | 47% |
Other service charges on deposit accounts | $12M | $13M | $15M | $16M | $19M | 16% |
Overdraft fees | $16M | $16M | $16M | $17M | $18M | 16% |
Debit card interchange fees | $17M | $16M | $16M | $17M | $18M | 15% |
Other service charges, commissions and fees | $4M | $4M | $4M | $4M | $3M | 3% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.7B | 1.7B | 1.5B | 1.2B | 1.1B |
| Net Income | 412M | 412M | 359M | 269M | 347M | 377M |
| EPS | $6.00 | $6.00 | $5.19 | $3.89 | $4.99 | $5.40 |
| Free Cash Flow | 370M | 370M | 141M | 551M | 1.0B | -16M |
| ROIC | 13.8% | 10.5% | 10.0% | 8.1% | 11.2% | 13.4% |
| Gross Margin | 68.3% | 68.3% | 64.8% | 61.4% | 86.0% | 95.5% |
| Debt/Equity | 0.00 | 5.75 | 6.00 | 6.35 | 6.84 | 7.04 |
| Dividends/Share | $0.80 | $0.80 | $0.65 | $0.60 | $0.60 | $0.60 |
| Operating Income | 534M | 534M | 476M | 357M | 453M | 496M |
| Operating Margin | 32.0% | 32.0% | 28.5% | 23.4% | 38.5% | 46.4% |
| ROE | 10.1% | 10.5% | 10.0% | 8.1% | 11.2% | 13.4% |
| Shares Outstanding | 69M | 69M | 69M | 69M | 69M | 70M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 227M | 276M | 345M | 399M | 532M | 835M | 1.2B | 1.1B | 1.2B | 1.5B | 1.7B | 1.7B | 1.7B |
| Gross Margin | 91.1% | 92.7% | 93.1% | 89.3% | 83.7% | 81.9% | 92.4% | 95.5% | 86.0% | 61.4% | 64.8% | 68.3% | 68.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 74M | 94M | 107M | 120M | 149M | 224M | 360M | 338M | 320M | 320M | 348M | 349M | 349M |
| EBIT | 56M | 57M | 105M | 124M | 151M | 212M | 340M | 496M | 453M | 357M | 476M | 534M | 534M |
| Op. Margin | 24.7% | 20.6% | 30.5% | 31.2% | 28.5% | 25.4% | 29.0% | 46.4% | 38.5% | 23.4% | 28.5% | 32.0% | 32.0% |
| Net Income | 38M | 41M | 72M | 74M | 121M | 161M | 262M | 377M | 347M | 269M | 359M | 412M | 412M |
| Net Margin | 16.9% | 14.8% | 20.9% | 18.4% | 22.8% | 19.3% | 22.3% | 35.3% | 29.4% | 17.7% | 21.5% | 24.7% | 24.7% |
| Non-Recurring | 516K | -184K | -992K | -1.3M | -133K | 6.2M | 938K | -2.6M | -156K | 1.7M | -1.3M | -19K | -19K |
| Returns on Capital | |||||||||||||
| ROIC | 11.3% | 9.3% | 12.4% | 10.1% | 10.7% | 8.2% | 10.2% | 13.4% | 11.2% | 8.1% | 10.0% | 10.5% | 13.8% |
| ROE | 11.3% | 9.3% | 12.4% | 10.1% | 10.7% | 8.2% | 10.2% | 13.4% | 11.2% | 8.1% | 10.0% | 10.5% | 10.1% |
| ROA | 1.0% | 0.8% | 1.2% | 1.0% | 1.3% | 1.1% | 1.4% | 1.7% | 1.4% | 1.1% | 1.4% | 1.5% | 1.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -5.6M | -25M | -70M | -63M | -109M | 940M | 798M | 9.1M | 1.1B | 569M | 154M | 390M | 390M |
| Free Cash Flow | -11M | -38M | -81M | -66M | -119M | 929M | 780M | -16M | 1.0B | 551M | 141M | 370M | 370M |
| Owner Earnings | -17M | -39M | -86M | -79M | -135M | 906M | 759M | -31M | 1.0B | 522M | 105M | 345M | 345M |
| CapEx | 5.7M | 13M | 11M | 3.8M | 10M | 12M | 18M | 25M | 14M | 18M | 13M | 21M | 21M |
| Maint. CapEx | 9.0M | 12M | 14M | 13M | 20M | 31M | 35M | 32M | 38M | 37M | 36M | 33M | 33M |
| Growth CapEx | 0 | 777K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 9.0M | 12M | 14M | 13M | 20M | 31M | 35M | 32M | 38M | 37M | 36M | 33M | 33M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 2.3% | 278.4% | 1.3% | 3.1% | 8.7% | 5.3% | 5.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 4.0M | 6.4M | 8.6M | 15M | 16M | 25M | 42M | 42M | 42M | 42M | 41M | 55M | 55M |
| Dividend Yield | 0.8% | 0.8% | 0.8% | 1.0% | 0.8% | 1.2% | 2.3% | 1.3% | 1.3% | 1.5% | 1.1% | 1.2% | 0.9% |
| Share Buybacks | 474K | 732K | 1.2M | 886K | 2.1M | 18M | 8.0M | 9.4M | 22M | 20M | 8.0M | 83M | 83M |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.8% | 0.3% | 0.3% | 0.7% | 0.6% | 0.2% | 1.6% | 1.4% |
| Stock-Based Comp | 2.1M | 1.5M | 2.3M | 3.3M | 6.2M | 3.4M | 3.8M | 7.9M | 6.7M | 10.0M | 13M | 13M | 13M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -165M | -375M | -176M | -1.1B | -1.8B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.1B |
| Cash & Equiv. | 170M | 391M | 198M | 331M | 680M | 622M | 2.1B | 4.1B | 1.1B | 1.2B | 1.2B | 1.1B | 1.1B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.01 | 0.03 | 0.03 | 0.04 | 0.02 | 6.39 | 6.72 | 7.04 | 6.84 | 6.35 | 6.00 | 5.75 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.2 |
| Equity | 366M | 515M | 646M | 804M | 1.5B | 2.5B | 2.6B | 3.0B | 3.2B | 3.4B | 3.8B | 4.1B | 4.1B |
| Total Assets | 4.0B | 5.6B | 6.9B | 7.9B | 11.4B | 18.2B | 20.4B | 23.9B | 25.1B | 25.2B | 26.3B | 27.5B | 27.5B |
| Total Liabilities | 3.7B | 5.1B | 6.2B | 7.1B | 10.0B | 15.8B | 17.8B | 20.9B | 21.9B | 21.8B | 22.5B | 23.4B | 23.4B |
| Intangibles | 8.2M | 17M | 17M | 14M | 59M | 92M | 72M | 126M | 106M | 88M | 71M | 55M | 55M |
| Retained Earnings | 118M | 153M | 214M | 273M | 377M | 508M | 672M | 1.0B | 1.3B | 1.5B | 1.9B | 2.2B | 2.2B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.46 | 1.27 | 2.08 | 1.98 | 2.80 | 2.75 | 3.77 | 5.40 | 4.99 | 3.89 | 5.19 | 6.00 | 6.00 |
| Owner EPS | -0.63 | -1.20 | -2.48 | -2.13 | -3.11 | 15.43 | 10.93 | -0.44 | 14.65 | 7.54 | 1.51 | 5.02 | 5.02 |
| Book Value | 13.90 | 16.00 | 18.65 | 21.66 | 33.69 | 42.07 | 38.09 | 42.50 | 46.04 | 49.53 | 54.28 | 59.34 | 59.34 |
| Cash Flow/Share | -0.21 | -0.78 | -2.01 | -1.68 | -2.52 | 16.02 | 11.49 | 0.13 | 15.30 | 8.22 | 2.23 | 5.68 | 6.48 |
| Dividends/Share | 0.15 | 0.20 | 0.30 | 0.40 | 0.40 | 0.50 | 0.60 | 0.60 | 0.60 | 0.60 | 0.65 | 0.80 | 0.80 |
| Shares Out. | 26.3M | 32.2M | 34.7M | 37.1M | 43.2M | 58.7M | 69.5M | 69.8M | 69.4M | 69.2M | 69.1M | 68.7M | 68.7M |
| Valuation | |||||||||||||
| P/E Ratio | 15.5 | 23.8 | 19.0 | 22.0 | 10.1 | 14.2 | 9.4 | 8.8 | 9.0 | 13.5 | 12.0 | 12.6 | 14.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 2.5 | 3.2 | N/A | 3.0 | 6.6 | 30.5 | 14.1 | 16.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.3 |
| Price/Book | 1.6 | 1.9 | 2.1 | 2.0 | 0.8 | 0.9 | 0.9 | 1.1 | 1.0 | 1.1 | 1.1 | 1.3 | 1.5 |
| Price/Sales | 2.4 | 3.0 | 3.1 | 4.2 | 4.2 | 2.9 | 1.7 | 3.2 | 2.9 | 2.5 | 3.3 | 3.8 | 3.6 |
| FCF Yield | -1.9% | -3.9% | -5.9% | -4.1% | -9.7% | 40.6% | 31.6% | -0.5% | 33.6% | 15.2% | 3.3% | 7.1% | 6.1% |
| Market Cap | 596M | 973M | 1.4B | 1.6B | 1.2B | 2.3B | 2.5B | 3.3B | 3.1B | 3.6B | 4.3B | 5.2B | 6.0B |
| Avg. Price | 19.50 | 24.08 | 29.28 | 41.26 | 44.66 | 34.91 | 26.55 | 47.31 | 44.77 | 38.91 | 54.12 | 66.14 | 87.73 |
| Year-End Price | 22.65 | 30.24 | 39.55 | 43.65 | 28.41 | 38.94 | 35.48 | 47.36 | 45.01 | 52.43 | 62.10 | 75.80 | 87.73 |
Ameris Bancorp passes 5 of 9 quality checks, suggesting mixed fundamentals.
Ameris Bancorp trades at 14.6x trailing earnings, compared to its 15-year median P/E of 12.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.1x vs a median of 4.9x. The company's 5-year average ROIC is 10.7% with a gross margin of 75.2%. Total shareholder yield (dividends + buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is -3.8%.
Ameris Bancorp (ABCB) has a net profit margin of 24.7%. This is a strong margin indicating high profitability.
Ameris Bancorp (ABCB) generated $370 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ameris Bancorp (ABCB) has a debt-to-equity ratio of 5.75. This indicates higher leverage, which may increase financial risk.
Ameris Bancorp (ABCB) reported earnings per share (EPS) of $6.00 in its most recent fiscal year.
Ameris Bancorp (ABCB) has a return on equity (ROE) of 10.5%. This indicates moderate shareholder returns.
Ameris Bancorp (ABCB) has a 5-year average gross margin of 75.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Ameris Bancorp (ABCB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ameris Bancorp (ABCB) has a book value per share of $59.34, based on its most recent annual SEC filing.