Every material Form 8-K Ameris Bancorp filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ameris Bancorp reported unaudited third-quarter 2024 net income of $99.2 million, or $1.44 per diluted share, up from $80.1 million, or $1.16 per share, a year earlier. Net interest income rose 3.0% year over year, but noninterest income fell 21.4% from the second quarter and the net interest margin narrowed to 3.51%. The company also authorized a $100.0 million share repurchase program on October 18, 2024.
Q3 2024 net income was $99.2 million, or $1.44 per diluted share, versus $90.8 million, or $1.32 per share, in Q2 2024
Adjusted net income was $95.2 million, or $1.38 per diluted share, excluding a $5.2 million gain on mortgage servicing rights sale and natural disaster expenses
Net interest margin was 3.51%, down from 3.58% in Q2 2024; noninterest income was $69.7 million, down from $88.7 million
Board authorized repurchases of up to $100.0 million of common stock on October 18, 2024, running through October 31, 2025
Ameris Bancorp reported unaudited second-quarter 2024 results on July 25, 2024, with net income of $90.8 million, or $1.32 per diluted share, up from $62.6 million, or $0.91 per diluted share, a year earlier. Excluding certain gains, charges and tax items, adjusted net income was $80.8 million, or $1.17 per diluted share. Management will discuss the results on a teleconference at 9:00 a.m. Eastern time on July 26, 2024.
Net income of $90.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2024, compared with $62.6 million, or $0.91 per diluted share, a year earlier.
Adjusted net income of $80.8 million, or $1.17 per diluted share, excluding items including a $12.6 million gain on conversion of Visa Class B-1 shares and a $4.8 million BOLI-related tax expense.
Net interest margin of 3.58%, up from 3.51% in the first quarter of 2024.
Tangible book value per share of $35.79 at June 30, 2024, up $1.27 in the quarter.
Ameris Bancorp notified Nasdaq on July 12, 2024 that it will voluntarily withdraw its common stock listing and transfer it to the New York Stock Exchange. The stock will keep the ABCB ticker and is expected to stop trading on Nasdaq at market close on July 22, 2024, and begin trading on the NYSE at market open on July 23, 2024. The filing does not report financial results, and the move does not change the company's share count or ticker.
Nasdaq listing expected to end at market close on July 22, 2024
NYSE listing expected to begin at market open on July 23, 2024
Common stock keeps the ticker ABCB; executives and board will ring the NYSE Opening Bell on July 23, 2024
Ameris manages $25.7 billion in assets as of March 31, 2024
Ameris Bancorp reported unaudited first-quarter 2024 results on April 25, 2024, with net income of $74.3 million, or $1.08 per diluted share, up from $60.4 million, or $0.87 per diluted share, a year earlier. Adjusted net income, which excludes the FDIC special assessment and a gain on bank owned life insurance proceeds, was $75.6 million, or $1.10 per diluted share. Net interest margin narrowed to 3.51% from 3.76% a year earlier, as rising deposit costs weighed on interest income.
Net income $74.3 million, or $1.08 per diluted share, for the quarter ended March 31, 2024, versus $60.4 million, or $0.87, a year earlier
Adjusted net income $75.6 million, or $1.10 per diluted share, excluding the FDIC special assessment and BOLI gain
Net interest margin 3.51%, down from 3.54% in the fourth quarter of 2023 and 3.76% in the first quarter of 2023
Investor teleconference scheduled for 9:00 a.m. Eastern time on April 26, 2024
Effective February 7, 2024, Ameris Bancorp increased its board from 13 to 14 directors and appointed Claire E. McLean, age 44, as a director. Her initial term expires at the company's 2024 annual meeting, and she has not yet been named to any board committee.
Board size increased from 13 to 14 directors, effective February 7, 2024
Claire E. McLean, age 44, appointed director effective February 7, 2024; term expires at the 2024 annual shareholder meeting
McLean was a Managing Director at Ernst & Young LLP's Assurance Services practice from July 2018 until September 2023
She is Chief Operating Officer and Executive Vice President of Preferred Capital Securities, LLC, a role she began in September 2023
Ameris Bancorp reported unaudited fourth-quarter and full-year 2023 results. Net income declined from a year earlier in both periods, as mortgage banking activity fell and the quarter included an $11.6 million FDIC special assessment, while tangible book value per share rose to $33.64. The release does not include forward earnings guidance, and the company said credit quality remains strong.
Q4 2023 net income was $65.9 million, or $0.96 per diluted share, versus $82.2 million, or $1.18, in Q4 2022.
Q4 2023 adjusted net income was $73.6 million, or $1.07 per diluted share, versus $1.17 in Q4 2022.
Full-year 2023 net income was $269.1 million, or $3.89 per diluted share, versus $346.5 million, or $4.99, in 2022.
Full-year 2023 noninterest income fell 14.6% to $242.8 million, mainly due to lower mortgage banking activity.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Ameris Bancorp filing is on SEC EDGAR ↗. 8-K briefs of other companies →