Ameris Bancorp

NASDAQ ABCB

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Ameris Bancorp Average Collection Period 5 year CAGR for the quarter ending March 31, 2021: 18.53%

Ameris Bancorp Average Collection Period 5 year CAGR is 18.53% for the quarter ending March 31, 2021, a -14.97% change year over year. The average collection period measures the average number of days it takes for a company to collect payments from its customers. It is calculated by dividing 365 by the ratio of revenue to the average of receivables and other current assets. A lower average collection period indicates a more efficient collection process and better cash flow management, while a higher period may suggest delayed payments and potential liquidity challenges. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Ameris Bancorp Average Collection Period for the quarter ending March 31, 2021 was 21,099.48, a -13.91% change year over year.
Ameris Bancorp Average Collection Period for the quarter ending March 31, 2020 was 24,509.35, a 3.48% change year over year.

NASDAQ: ABCB

Ameris Bancorp

CEO	Mr. James B. Miller Jr.
IPO Date	May 19, 1994
Location	United States
Headquarters	3490 Piedmont Road NE, Atlanta, GA, United States, 30305
Employees	2,759
Sector	Financial Services
Industry	Banks - regional

Description

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular 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 motor vehicle, 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. It operates full service domestic banking offices, and mortgage and loan production offices. The company was founded in 1971 and is headquartered in Atlanta, Georgia.

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