Ameris Bancorp

Finance
Major Banks
www.amerisbank.com

Earnings Score

Market Cap $4.69B
PE 14
Debt $NaN
Cash $1.36B
EV $NaN
FCF $221.61M

Earnings

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Sales & Net Margins

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Earnings	$330.24M
EBIT	$440.22M
ROE	9%
ROA	2%
FCF	$221.61M
Equity	$3.68B
Growth Stability	82%
PE	14.22
PEG	1.22
PB	1.28
P/FCF	21.18
Price/Cash	0.29
Earnings CAGR	28%
FCF CAGR	5%
Equity CAGR	28%
Earnings Stability	0.84
Earnings Growth YoY	24%

Earnings Growth QoQ	9%
Earnings CAGR 5Y	12%
FCF CAGR 5Y	68%
Equity CAGR 5Y	9%
FCF CAGR 3Y	-45%
Equity CAGR 3Y	8%
Market Cap	$4.69B
Dividend Yield	1%
Payout Ratio	13%
Assets	$26.40B
Cash	$1.36B
Shares Outstanding	68.8M
Earnings Score	94%
Shares Growth 3y	-0%
Equity Growth QoQ	3%
Equity Growth YoY	10%

Assets & ROA

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Stockholders Equity & ROE

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Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking division. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.

SEC Filings

Direct access to Ameris Bancorp (ABCB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Ameris Bancorp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ameris Bancorp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 28%

Stability 84%

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Ameris Bancorp Discounted Cash Flow

Fully customizable DCF calculator online for Ameris Bancorp.

Years

Calculation mode

= $3.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$222M	$233M	$245M	$257M	$271M	$284M	$299M	$314M	$330M	$347M	$365M	$3.6B
DCF		$212M	$202M	$193M	$185M	$177M	$169M	$161M	$154M	$147M	$141M	$1.4B
Value	$3.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	-	-	-	-	-	-	-
ROA	-	1%	2%	2%	2%	2%	2%	2%	2%	1%	2%
ROE	-	8%	11%	9%	8%	7%	10%	13%	11%	8%	9%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-0.14	-0.06	-	-	-	-	-	-	-	-
Debt over Equity	0.01	0.01	0.01	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	82%	82%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (82%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-	-	-	-	-
Earnings YoY growth	-	6%	77%	2%	65%	33%	62%	44%	-8%	-22%	12%
Equity YoY growth	-	41%	26%	24%	81%	70%	7%	12%	8%	7%	9%
FCF YoY growth	-	234%	114%	-18%	79%	701%	-182%	-102%	-7K%	-47%	68%