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Ameris Bancorp Delivering On Self-Improvement

Mar. 06, 2023 4:24 PM ETAmeris Bancorp (ABCB)PNFP, SNV
Stephen Simpson profile picture
Stephen Simpson


  • Ameris came up short on the topline in the fourth quarter, as a more fixed-rate loan book compared to many peers caps the near-term benefit of higher rates.
  • Management has meaningfully diversified the loan book while also significantly upgrading the deposit base; modest asset sensitivity should be a positive from here, and I expect better-than-average deposit costs.
  • Long-term core earnings growth around 6% can support a fair value around $50, while shorter-term multiples-based approaches support a $54 fair value.

Skyline of Atlanta city at sunset in Georgia, USA


I'm fond of revisiting old ideas to check in on the story and see whether various investment drivers and share price performance have followed my expectations. In the case of Georgia's Ameris Bancorp (NASDAQ:ABCB), many years ago

This article was written by

Stephen Simpson profile picture
Stephen Simpson is a freelance financial writer and investor. Spent close to 15 years on the Street (sell-side, buy-side, equities, bonds); now a semi-retired raccoon rancher. That last part isn't entirely true. Probably.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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