Ameris bancorp (ABCB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Interest and fees on loans

586,848

378,209

270,887

218,659

171,567

150,611

117,497

119,310

128,841

107,484

101,312

Interest on taxable securities

40,138

29,006

20,154

17,824

16,134

12,086

7,134

8,250

10,254

9,821

11,858

Interest on nontaxable securities

593

900

1,581

1,722

1,869

1,626

1,413

1,475

1,321

1,215

1,070

Interest on federal funds sold

676

227

0

33

33

7

2

10

38

89

71

Interest on deposits in other banks and federal funds sold

8,139

4,984

1,725

827

790

236

276

434

617

462

262

Total interest income

636,394

413,326

294,347

239,065

190,393

164,566

126,322

129,479

141,071

119,071

114,573

Interest expense
Interest on deposits

102,533

49,054

19,877

12,410

9,752

9,488

8,400

13,327

25,506

28,647

38,506

Interest on other borrowings

28,695

20,880

14,345

7,284

5,104

5,192

1,737

1,747

2,041

1,147

2,044

Total interest expense

131,228

69,934

34,222

19,694

14,856

14,680

10,137

15,074

27,547

29,794

40,550

Net interest income

505,166

343,392

260,125

219,371

175,537

149,886

116,185

114,405

113,524

89,277

74,023

Provision for loan losses

19,758

16,667

8,364

4,091

5,264

5,648

11,486

31,089

32,729

50,521

42,068

Net interest income after provision for credit losses

485,408

326,725

251,761

215,280

170,273

144,238

104,699

83,316

80,795

38,756

31,955

Noninterest income
Service charges on deposit accounts

50,792

46,128

42,054

42,745

34,465

24,614

19,545

19,576

18,081

15,143

13,593

Mortgage banking activity

119,409

53,654

48,535

48,298

36,800

25,986

19,128

12,989

2,971

2,748

3,050

Other service charges, commissions and fees

3,913

3,059

2,883

3,575

3,754

2,647

2,151

1,431

1,247

805

531

Net gain (loss) on securities

138

-37

37

94

137

138

171

322

238

200

871

Gain on sale of SBA loans

6,058

2,728

4,590

3,974

4,522

3,896

1,500

264

-

-

-

Gain on acquisitions

-

-

-

-

-

-

-

20,037

26,867

14,651

38,566

Other noninterest income

17,803

12,880

6,358

7,115

5,908

5,555

4,054

3,255

3,403

1,701

1,742

Total noninterest income

198,113

118,412

104,457

105,801

85,586

62,836

46,549

57,874

52,807

35,248

58,353

Noninterest expense
Salaries and employee benefits

223,938

149,132

119,783

106,837

94,003

73,878

56,670

53,122

40,210

31,918

31,939

Occupancy and equipment expense

40,596

29,131

24,069

24,397

21,195

17,521

12,286

13,208

11,390

8,212

8,914

Data processing and communications expenses

38,513

30,385

27,869

24,591

19,849

15,551

11,539

10,683

10,315

7,644

6,878

Legal and other professional fees

10,634

6,386

15,355

9,885

3,448

3,092

-

-

-

-

-

Credit resolution-related expenses

4,082

4,016

3,493

6,172

17,707

13,506

15,486

22,416

-

-

-

Advertising and marketing expense

7,927

5,571

5,131

4,181

3,312

2,869

1,620

1,622

722

566

1,661

Amortization of intangible assets

17,700

9,500

3,900

4,376

3,741

2,330

1,414

1,359

1,011

999

617

Merger and conversion charges

73,105

20,499

915

6,376

7,980

3,940

4,350

2,125

-

-

-

FDIC insurance

1,945

3,408

3,078

3,712

3,475

2,972

2,323

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

54,813

Other noninterest expenses

53,484

35,607

28,311

25,308

24,405

15,210

16,257

14,935

38,305

31,849

19,978

Total noninterest expense

471,937

293,647

231,936

215,835

199,115

150,869

121,945

119,470

101,953

81,188

124,800

Income before income tax expense

211,584

151,490

124,282

105,246

56,744

56,205

29,303

21,720

31,649

-7,184

-34,492

Income tax expense

50,143

30,463

50,734

33,146

15,897

17,482

9,285

7,285

10,556

3,195

7,297

Net income

161,441

121,027

73,548

72,100

40,847

38,723

20,018

14,435

21,093

-3,989

-41,789

Preferred stock dividends

-

-

-

-

-

286

1,738

3,577

3,241

3,213

3,161

Net income available to common stockholders

-

-

-

-

-

38,437

18,280

10,858

17,852

-7,202

-44,950

Other comprehensive income
Basic earnings per common share (in dollars per share)

2.76

2.81

2.00

2.10

1.29

1.48

0.76

0.46

0.76

-0.35

-3.27

Diluted earnings per common share (in dollars per share)

2.75

2.80

1.98

2.08

1.27

1.46

0.75

0.46

0.76

-0.35

-3.27

Dividends declared per common share (in dollars per share)

-

-

-

0.30

0.20

0.15

0.00

-

-

-

-

Weighted average common shares outstanding (in thousands)
Basic (in shares)

58,462

43,142

36,828

34,347

31,762

25

23,918

23

-

-

-

Diluted (in shares)

58,614

43,248

37,144

34,702

32,127

26

24,348

23

-

-

-