Stock of the Day - September 27, 2023

Ameris Bancorp (ABCB)

$79.67

+$1.57 (+2.0%)

Market Cap: $5.24B

About Ameris Bancorp

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.

Today's Trend

Ameris Bancorp (NASDAQ: ABCB) shares are under pressure after the bank’s latest quarterly results showed a small earnings and revenue miss versus Wall Street expectations, even though core operating trends remained healthy. Investors appear to be focusing on the miss, while also weighing management’s upbeat outlook for loan and deposit growth in 2026 and the company’s continued expansion in Nashville.

Management said Ameris expects mid-single-digit loan and deposit growth in 2026, signaling continued balance-sheet expansion and supporting a constructive longer-term outlook. Ameris projects mid-single-digit 2026 loan and deposit growth while expanding into Nashville
The company’s Q2 call highlighted strong loan growth and profitability, suggesting underlying business momentum remained solid despite the earnings miss. Ameris Bancorp (ABCB) Q2 2026 Earnings Call Highlights: Strong Loan Growth and Profitability ...
Several post-earnings recaps described the quarter as solid overall, with revenue and EPS roughly in line with year-ago results, but not enough to offset investor concern about the modest shortfall versus estimates. Ameris Bancorp Reports Solid Q2 2026 Results
Ameris Bancorp reported Q2 EPS of $1.60, below the $1.66 consensus, and revenue of $317.78 million also missed estimates, which is the main reason the stock is being sold off. Ameris Bancorp (ABCB) Misses Q2 Earnings Estimates

Overall, ABCB is likely moving lower today because the earnings miss outweighed the positive growth outlook and operational strengths.

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