NYSE$ABCB
Ameris Bancorp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported solid financial results driven by disciplined approach and focus on core profitability.
Ameris Bancorp reported a net income of $74.3 million, or $1.08 per diluted share, for the quarter ended March 31, 2024. Adjusted net income was $75.6 million, or $1.10 per diluted share, excluding the FDIC special assessment and gain on bank owned life insurance proceeds.
- Net income was $74.3 million, or $1.08 per diluted share.
- Adjusted net income was $75.6 million, or $1.10 per diluted share, excluding certain items.
- Net interest income was $202.3 million.
- Noninterest income increased by $9.6 million to $65.9 million, driven by mortgage banking activity.
Headline financials
Revenue & EPS history
Ameris Bank · Revenue · Quarterly
$267M
Revenue by segment
Ameris Bank · $268M total across 4 segments · Q3 2023
- Banking Division$194M-16.1%72.2%
- Retail Mortgage Division$58.5M+1.1%21.8%
- Premium Finance Division$9.41M-4.0%3.5%
- Warehouse Lending Division$6.67M-21.5%2.5%
Forward guidance
Ameris Bancorp is poised for a successful 2024, with its primary focus on core deposit growth and operating efficiency across its vibrant Southeastern operation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.2%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+3.9%
Avg return
30 days after
53%
35 / 66 earnings
Positive
+6.9%
Q2 2016
Best reaction
-8.5%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | -0.4% | +0.0% | |
| Q4 2025 | -0.6% | +3.5% | -4.5% | |
| Q3 2025 | -2.2% | -3.7% | +2.0% | |
| Q2 2025 | -1.8% | -2.3% | +4.3% | |
| Q1 2025 | +3.6% | +6.2% | +8.6% | |
| Q4 2024 | +0.1% | +3.4% | -1.5% | |
| Q3 2024 | -2.3% | -0.7% | +14.5% | |
| Q2 2024 | +3.6% | +2.4% | +3.9% | |
| Q1 2024 | -0.8% | -1.6% | -0.5% | |
| Q4 2023 | -0.7% | -2.1% | -13.6% | |
| Q3 2023 | +2.2% | +6.1% | +21.1% | |
| Q2 2023 | +1.3% | +4.1% | -6.0% | |
| Q1 2023 | +2.6% | -5.9% | -0.4% | |
| Q4 2022 | -2.3% | -0.8% | +1.0% | |
| Q3 2022 | +1.2% | -0.2% | +4.1% | |
| Q2 2022 | +5.6% | +9.1% | +13.9% | |
| Q1 2022 | +2.2% | +1.2% | +9.2% | |
| Q4 2021 | -4.6% | -4.8% | -3.2% | |
| Q3 2021 | -0.4% | +0.7% | -4.8% | |
| Q2 2021 | -3.2% | -0.3% | +1.8% | |
| Q1 2021 | +2.9% | +5.6% | +18.5% | |
| Q4 2020 | -4.6% | +1.1% | +16.2% | |
| Q3 2020 | +5.4% | +1.5% | +22.6% | |
| Q2 2020 | +1.2% | -0.4% | +6.2% | |
| Q1 2020 | +2.5% | +13.4% | -1.5% | |
| Q4 2019 | -3.1% | -4.1% | -6.1% | |
| Q3 2019 | +0.9% | +3.5% | +5.1% | |
| Q2 2019 | +2.1% | +3.4% | -9.0% | |
| Q1 2019 | +1.8% | +4.9% | +1.6% | |
| Q4 2018 | +6.6% | +7.3% | +17.5% | |
| Q3 2018 | -1.2% | -8.6% | +3.4% | |
| Q2 2018 | -4.7% | -6.2% | -2.0% | |
| Q1 2018 | -1.1% | -0.1% | +6.4% | |
| Q4 2017 | +3.1% | +0.2% | +2.6% | |
| Q3 2017 | -2.4% | -2.0% | -5.4% | |
| Q2 2017 | -0.1% | -2.5% | -8.1% | |
| Q1 2017 | +3.7% | +7.5% | -3.9% | |
| Q4 2016 | +2.2% | +8.5% | +15.4% | |
| Q3 2016 | -0.1% | +0.2% | +17.4% | |
| Q2 2016 | +6.9% | +10.4% | +10.2% | |
| Q1 2016 | +2.7% | — | — | |
| Q4 2015 | -8.5% | — | — | |
| Q3 2015 | +6.3% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -3.3% | — | — | |
| Q4 2014 | +6.1% | — | — | |
| Q3 2014 | -2.9% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | -2.1% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | +1.6% | — | — | |
| Q1 2013 | +3.6% | — | — | |
| Q4 2012 | +0.8% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2012 | -5.5% | — | — | |
| Q2 2012 | -3.9% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2009 | +4.1% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q3 2010 | -5.4% | — | — | |
| Q2 2011 | -4.1% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q2 2010 | -2.1% | — | — | |
| Q1 2010 | +6.0% | — | — |
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