NYSE$ABCB

Ameris Bancorp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Ameris Bank's financial performance was announced for Q2 2021, with net income and EPS reported.

Ameris Bancorp reported a net income of $88.3 million, or $1.27 per diluted share, for the quarter ended June 30, 2021. The company's positive second quarter results are a clear testament to their focus and discipline over the past year.

  • Net income was $88.3 million, or $1.27 per diluted share.
  • Tangible book value grew by 4.7% to $26.45 at June 30, 2021.
  • Organic loan growth was $181.0 million, or 5.0% annualized.
  • The adjusted efficiency ratio was 54.07%.

Headline financials

Total Revenue

$251M

Previous: $285M-11.8%
EPS (adj)

$1.25

Previous: $0.61+104.9%
Net Interest Margin (TE)

3.3%

Previous: 3.8%-12.8%
Noninterest-Bearing Deposits

$38.25

No prior period
Capital Expenditures

-$17.2M

Previous: -$9.27M-85.6%
Free Cash Flow

$71.1M

Previous: $23M+209.7%
Net Income

$88.3M

Previous: $32.2M+174.0%
Operating Income

$183M

Previous: $125M+45.5%
Gross Profit

$250M

Previous: $216M+15.5%
Cash & Equivalents

$260M

Previous: $293M-11.4%
Total Assets

$21.9B

Previous: $19.9B+10.1%
Stock-Based Comp

$1.7M

Previous: $1.14M+49.1%

Revenue & EPS history

Ameris Bank · Revenue · Quarterly

$251M

Q2 2021-11.8%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Ameris Bank · $236M total across 4 segments · Q2 2021

  • Banking Division
    $127M+293.4%
  • Retail Mortgage Division
    $91.6M-33.9%
  • Warehouse Lending Division
    $10.1M+495.9%
  • Premium Finance Division
    $7.05M

Forward guidance

Ameris Bancorp is optimistic about the remainder of 2021 and looks forward to 2022.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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