Ameris Bancorp

Overview

Date Founded

1980

Headquarters

310 First Street, SE,Moultrie, GA 31768

Type of Company

Public

Employees (Worldwide)

2,671

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance. The Banking segment offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage segment includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending segment includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA segment comprises of origination, sales, and servicing of small business administration loans. The Premium Finance segment comprises origination and servicing of commercial insurance premium finance loans. The company was founded on December 18, 1980 and is headquartered in Moultrie, GA.

Website

http://www.amerisbank.com

Contact Data

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Executives & Employees

H. Palmer Proctor, Jr.

Chief Executive Officer & Director

William D. McKendry

Executive Vice President & Chief Risk Officer

Jon S. Edwards

Executive Vice President & Chief Credit Officer

Cindi H. Lewis

Chief Administrative Officer

Lawton E. Bassett III

Executive Vice President & Banking Group President, President of the Bank

Nicole S. Stokes

Chief Financial Officer & Corporate Executive Vice President

Ross L. Creasy

Corporate Executive Vice President & Chief Innovation Officer

Michael T. Pierson

Corporate Executive Vice President & Chief Governance Officer

Jody L. Spencer

Corporate Executive Vice President & Chief Legal Officer

Todd Shutley

Corporate Executive Vice President & Chief Specialty Banking Officer

Board (Type Unknown)

Leo J. Hill

Fund Advisor at Transamerica Asset Management, Inc.

H. Palmer Proctor, Jr.

Chief Executive Officer & Director at Ameris Bancorp

William Millard Choate

Founder at Choate Construction Co.

Rodney D. Bullard

Vice President-Corporate Social Responsibility at Chick-fil-A, Inc.

Robert P. Lynch

Chief Financial Officer & Vice President at Lynch Management Co.

Elizabeth A. McCague

President at McCague & Co. LLC

Daniel B. Jeter

Director & Principal at Peach Finance, Inc.

Gloria A. O'Neal

Member, Board of Directors at Ameris Bancorp

Robert Dale Ezzell

Founder at Wisecards Printing & Mailing

Jimmy D. Veal

Former Vice Chairman at Golden Isles Financial Holdings, Inc.

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Ameris Bancorp

Owners & Shareholders

Details Hidden

GW&K Investment Management LLC

GW&K is a research-oriented adviser that primarily employs fundamental analysis for the evaluation of investment opportunities and the construction of investment portfolios. They may also employ varying degrees of macroeconomic, sector, industry, interest rate, or policy analysis in formulating investment decisions or constructing investment portfolios. GW&K specializes in actively-managed domestic municipal bond, taxable bond and equity strategies.

Details Hidden

FJ Capital Management LLC

FJ Capital is a fundamentally-driven manager which focuses on opportunities in the financial services industry, with an emphasis on the US community/regional bank sector. The firm invests primarily in equity securities of under-followed, publicly traded US community banks. They construct portfolios using proprietary fundamental research to uncover value disparities in the small- and mid-cap banking sector. FJ Capital seeks to take advantage of these disparities by building core positions with longer-term holding periods. They also seek to generate attractive, risk-adjusted investment returns by uncovering opportunities with identifiable, near-term catalysts.

Details Hidden

Investment Counselors of Maryland LLC

ICM offers value investment solutions across the US equity market capitalization spectrum. In doing so, the firm utilizes two distinct investment processes – Small-Cap, SMID-Cap & Mid-Cap Value and Large-Cap/All-Cap Value. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced.

Recent Transactions

Details Hidden

Ameris Bancorp purchases Fidelity Southern Corp.

Details Hidden

Ameris Bancorp purchases Hamilton State Bancshares, Inc.

Details Hidden

Ameris Bancorp purchases Atlantic Coast Financial Corp.

Insider Transactions

Details Hidden

Jon S. Edwards

Transaction Advisors

Legal Advisor

Rogers & Hardin LLP

Advised onAmeris Bancorp purchases Fidelity Southern Corp.

Investment Advisor

Keefe, Bruyette & Woods, Inc.

Advised onAmeris Bancorp purchases Atlantic Coast Financial Corp.

Accountant

Maudlin & Jenkins

Advised onAmeris Bancorp purchases Golden Isles Financial Holdings, Inc.

Legal Advisor

Jody L. Spencer

Advised onAmeris Bancorp purchases Fidelity Southern Corp.

Associate

Andy Mutch

Advised onAmeris Bancorp purchases Merchants & Southern Banks of Florida, Inc.

Analyst

Michael T. Thaden

Advised onAmeris Bancorp purchases Merchants & Southern Banks of Florida, Inc.

Advisors & Consultants

Advisor

Andrew B. Cheney

Former Chief Executive Officer at Ameris Bancorp

Advisor

Peter F. Finnerty, Jr.

Principal, Investment Banking at Sandler O'Neill & Partners LP

Key Stats and Financials As of 2020

Market Capitalization

$3.49B

Total Enterprise Value

$3B

Earnings Per Share

$3.77

Revenue

$1.17B

Net Profit

$262M

Total Debt

$561M

Total Equity

$2.65B

Enterprise Value / Sales

2.56x

TEVNet Income

11.45x

Debt TEV

0.19x

Three Year Compounded Annual Growth Rate Of Revenue

44.24%

Political Donations

$500

2012

Kirkman Finlay III

$200

2009

Nikki G. Setzler

$500

2001

Johnny W. Floyd

Competitors

Cadence Bancorporation Retail & Commercial Banking - Houston, Texas

Cadence Bancorp. is a bank holding company, which engages in the provision of corporations, middle-market companies, small businesses, and consumers with banking and financial solutions through its subsidiary, Cadence Bank NA. It operates through the following segments: Banking, Financial Services, and Corporate. The Banking segment include commercial banking, retail banking, and private banking lines of business. The Financial Services segment includes trust, retail brokerage, and investment services. The Corporate segment consists of parent-only activities, including debt and capital raising, and intercompany eliminations. The company was founded in 2009 and is headquartered in Houston, TX.

Renasant Corp. Retail & Commercial Banking - Tupelo, MS

Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services. It operates through the following segments: Community Banks, Insurance, Wealth Management, and Other. The Community Banks segment delivers banking and financial services to individuals and small to medium sized businesses including checking and savings accounts, business and personal loans, interim construction loans, specialty commercial lending, as well as safe deposit and night depository facilities. The Insurance segment includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services and administer qualified retirement plans, profit sharing and other employee benefit plans, personal trusts and estates. The Other segment consists of the operations of the holding company and other eliminations. The company was founded in 1982 and is headquartered in Tupelo, MS.

South State Corp. Retail & Commercial Banking - Winter Haven, FL

South State Corp. is a bank holding company. It provides banking services and products to customers through its subsidiary. The company was founded on February 22, 1985 and is headquartered in Columbia, SC.

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