Ameris Bancorp (ABCB) Financial Statements (2024 and earlier)

Company Profile

Business Address 3490 PIEDMONT RD
ATLANTA, GA 30305
State of Incorp. GA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,118,1324,044,6572,097,555597,6851,324,006661,306
Cash and cash equivalents1,118,1324,044,6572,097,555597,6851,324,006661,306
Total current assets:1,118,1324,044,6572,097,555597,6851,324,006661,306
Noncurrent Assets
Operating lease, right-of-use asset56,33356,07073,68839,321
Property, plant and equipment220,283225,400222,890233,102145,410117,738
Intangible assets, net (including goodwill)1,228,0341,264,4961,071,9531,114,809620,812152,524
Goodwill1,015,6461,012,620928,005931,637503,434125,532
Intangible assets, net (excluding goodwill)212,388251,876143,948183,172117,37826,992
Deferred income tax assets   33,3142,180
Total noncurrent assets:1,504,6501,545,9661,401,8451,389,412766,222270,262
Other undisclosed assets22,430,50418,267,69816,939,23816,255,4829,353,2876,924,635
TOTAL ASSETS:25,053,28623,858,32120,438,63818,242,57911,443,5157,856,203
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  5,84511,64120,63520,38430,638
Total current liabilities:  5,84511,64120,63520,38430,638
Noncurrent Liabilities
Other undisclosed liabilities21,855,88620,886,02517,779,90915,752,3629,966,7847,021,086
Total liabilities:21,855,88620,891,87017,791,55015,772,9979,987,1687,051,724
Equity
Equity, attributable to parent3,197,4002,966,4512,647,0882,469,5821,456,347804,479
Common stock72,26472,01771,75471,50049,01538,735
Treasury stock, value(74,826)(52,405)(42,966)(34,971)(16,561)(14,499)
Additional paid in capital1,935,2111,924,8131,913,2851,907,1081,051,584508,404
Accumulated other comprehensive income (loss)(46,507)15,59033,50517,995(4,826)(1,280)
Retained earnings1,311,2581,006,436671,510507,950377,135273,119
Total equity:3,197,4002,966,4512,647,0882,469,5821,456,347804,479
TOTAL LIABILITIES AND EQUITY:25,053,28623,858,32120,438,63818,242,57911,443,5157,856,203

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues893,886703,112726,503636,394416,054392,398
Net investment income893,886703,112726,503636,394413,326294,347
Financial services revenue98,051
Cost of revenue(52,471)(2,142)(126,318)(19,758)(16,667)(8,364)
Provision for loan, lease, and other losses(52,471) (126,318)(19,758)(16,667)
Amortization of mortgage servicing rights (msrs)  (2,142)    
Financial services costs(8,364)
Gross profit:841,415700,970600,185616,636399,387384,034
Operating expenses(186,088)   (101,484)(197,287)
Other operating expense, net
(Other Expenses)
(140,347)     
Operating income:514,980700,970600,185616,636297,903186,747
Nonoperating income (expense)
(Investment Income, Nonoperating)
203 5138(37)37
Interest and debt expense(92,860)(47,785)(88,750)(131,228)(69,934)(34,222)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (157,073)(171,196)(273,962)(76,442)(28,280)
Income from continuing operations before equity method investments, income taxes:422,323496,112340,244211,584151,490124,282
Other undisclosed income from continuing operations before income taxes30,775     
Income from continuing operations before income taxes:453,098496,112340,244211,584151,490124,282
Income tax expense(106,558)(119,199)(78,256)(50,143)(30,463)(50,734)
Income from continuing operations:346,540376,913261,988161,441121,02773,548
Income before gain (loss) on sale of properties:376,913261,988161,441121,02773,548
Net income available to common stockholders, diluted:346,540376,913261,988161,441121,02773,548

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:346,540376,913261,988161,441121,02773,548
Other comprehensive income (loss)(62,097)(17,915)15,51022,821(3,154)(222)
Comprehensive income, net of tax, attributable to parent:284,443358,998277,498184,262117,87373,326

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: