ABCB
Ameris Bancorp (NYSE: ABCB) reported strong loan growth and stable net interest margins, with average...
Article Summary
BUY- Ameris Bancorp (NYSE: ABCB) reported strong loan growth and stable net interest margins, with average earning assets rising 8.5% and loans over 6% year-over-year, supported by robust loan production of $2.4 billion, up 24% from last year.
- Ameris Bancorp maintained profitability well ahead of the industry with an adjusted ROA of 153% and an adjusted return on TCE of over 14%, supported by strong capital levels including CET1 at almost 13% and TCE ratio above 11%.
- Despite a $82.5 billion litigation accrual related to a jury verdict in a California employment case, non-interest income declined due to a decline in mortgage-related revenue.
- Brokered deposits increased by $174 million, raising concerns about reliance on non-core funding sources.
- Margins may compress slightly due to higher deposit costs, and the company anticipates slight margin compression over the next few quarters.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.4% | 25% | 20.0 ptsMinimal (1.4%) - Very weak |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 8.5% | 20% | 35.0 ptsBelow Screener (8.5%) - Target: $95.17 vs Current: $87.73 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -5.9% | 15% | 20.0 ptsBarely a Dip (-5.9%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ABCB
- 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.