Ameris Company profile
About Ameris Bancorp
Ameris Bancorp is a financial holding company. The Company conducts its operations through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company's segments include Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division and Premium Finance Division. The Banking Division includes delivery of financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division includes the sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division 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 Division includes the sales and servicing of Small Business Administration (SBA) loans. The Premium Finance Division includes the servicing of commercial insurance premium finance loans.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Ameris Bancorp interest income decreased 3% to $703.1M. Net interest income after loan loss provision increased 35% to $691M. Net income increased 44% to $376.9M. Net interest income after loan loss provision reflects Banking Division segment increase of 42% to $490.4M, SBA Division segment increase of 79% to $54.5M.
Equity composition
Common Stock $1 Par, 12/10, 30M auth., 24,982,911 issd., Less 1,336,174 Shs. in Treas. @ $10.8M. Insiders own 2.77% . IPO 5/94, 747,500 shares @ $12.25 by Sterne Agee Inc. 09/09, 0.769% stock dividend. 12/09, 0.7692% stock dividend. 03/10, 0.7692% stock dividend. 06/10, 0.4761% stock dividend.
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