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Ameris Bancorp (ABCB)
NYSE:ABCB
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.13Last Year’s EPS
1.1Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 0.37%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance for Ameris Bancorp in Q4 and throughout 2024, characterized by significant growth in net income, deposits, and efficiency improvements. However, challenges such as provision for credit losses and potential reversal of some margin expansion were noted. The company remains optimistic about its strategic positioning and growth prospects for 2025.Company Guidance
During Ameris Bancorp's fourth quarter conference call, the company provided strong financial guidance, highlighting their robust performance and strategic positioning for 2025. Key metrics included an adjusted return on assets (ROA) of 1.43% for the fourth quarter, with a pure pre-provision net revenue (PPNR) ROA exceeding 2%. The return on tangible common equity was over 14%, and the quarter's net interest margin stood at 3.64%, showing an increase due to a favorable deposit mix and cost management. Ameris Bancorp reported a full-year 2024 net income of $358.7 million or $5.19 per diluted share, with an adjusted net income of $346.6 million or $5.02 per diluted share, marking a 26% year-over-year increase in adjusted earnings per share. The company also maintained a strong capital position with a tangible common equity ratio of 10.59% and a common equity Tier 1 ratio of 12.6%. Ameris Bancorp emphasized their strategic goals of maintaining top-tier profitability, enhancing revenue, and leveraging growth within their Southeastern footprint, setting a positive outlook for the upcoming year.Strong Financial Performance in Q4 and Full Year 2024
Reported a net income of $94.4 million or $1.37 per diluted share for Q4, and $358.7 million or $5.19 per diluted share for the full year 2024. Adjusted net income was $95.1 million for Q4 and $346.6 million for the full year, representing a 26% increase in year-over-year adjusted EPS.
Growth in Deposits and Reduction in Broker Deposits
Deposits grew by 5% for the year, with a reduction in broker deposits by $340 million. Core deposits grew by $675 million, or over 3%, in Q4.
Improvement in Efficiency Ratio and Operating Leverage
Adjusted efficiency ratio improved over 240 basis points in Q4 to under 52%. Total revenue increased 9.8% annualized, while expenses shrank by 1.9%, creating positive operating leverage.
Margin Expansion and Asset Growth
Net interest income increased by $7.7 million in Q4 with margin expanding by 13 basis points to 3.64%. Total assets grew to $26.3 billion from $25.2 billion last year.
Increase in Tangible Book Value and Equity Ratio
Tangible book value per share increased by 14.7% for the year. Tangible common equity ratio increased to 10.59% from 9.64% last year.
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ABCB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ABCB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $65.57 | $65.65 | +0.12% |
| Oct 24, 2024 | $62.83 | $61.05 | -2.83% |
| Jul 25, 2024 | $60.54 | $61.36 | +1.35% |
| Apr 25, 2024 | $47.10 | $47.46 | +0.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ameris Bancorp (ABCB) report earnings?
Ameris Bancorp (ABCB) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Ameris Bancorp (ABCB) earnings time?
Ameris Bancorp (ABCB) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABCB EPS forecast?
ABCB EPS forecast for the fiscal quarter 2025 (Q1) is 1.13.
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