Ameris Bancorp

NASDAQ ABCB

Data sourced from

and

Download Data

Ameris Bancorp Net Income Before Taxes 5 year CAGR for the year ending December 31, 2023: 18.70%

Ameris Bancorp Net Income Before Taxes 5 year CAGR is 18.70% for the year ending December 31, 2023, a -36.67% change year over year. Net income before taxes represents a company's profit after all operating expenses and interest expenses have been deducted but before taxes have been accounted for. It is calculated by dividing the net income by (1 - tax rate). This metric helps evaluate the company's profitability and assess its earnings before the impact of tax obligations. It provides insights into the company's pre-tax financial performance and is often used for comparing companies in different tax jurisdictions. 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 Net Income Before Taxes for the year ending December 31, 2022 was 453,098,000.00, a -8.67% change year over year.
Ameris Bancorp Net Income Before Taxes for the year ending December 31, 2021 was 496,112,000.00, a 45.81% change year over year.
Ameris Bancorp Net Income Before Taxes for the year ending December 31, 2020 was 340,244,000.00, a 60.81% change year over year.
Ameris Bancorp Net Income Before Taxes for the year ending December 31, 2019 was 211,584,000.00, a 39.67% 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.

Key trends