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Ameris Bancorp (Ameris Bancorp) Effective Interest Rate on Debt %

: 50.97% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Ameris Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $504 Mil. Ameris Bancorp's average total debt for the quarter that ended in Dec. 2023 was $990 Mil. Therefore, Ameris Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 50.97%.


Ameris Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Ameris Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ameris Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.85 8.55 6.75 6.47 33.69

Ameris Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.86 14.83 21.43 32.69 50.97

Competitive Comparison

For the Banks - Regional subindustry, Ameris Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ameris Bancorp Effective Interest Rate on Debt % Distribution

For the Banks industry and Financial Services sector, Ameris Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ameris Bancorp's Effective Interest Rate on Debt % falls into.



Ameris Bancorp Effective Interest Rate on Debt % Calculation

Ameris Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -445.391/( (2004.058+639.901)/ 2 )
=-1  *  -445.391/1321.9795
=33.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2004.058 + 0
=2004.058

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=639.901 + 0
=639.901

Ameris Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -504.452/( (1339.37+639.901)/ 2 )
=-1  *  -504.452/989.6355
=50.97 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1339.37 + 0
=1339.37

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=639.901 + 0
=639.901

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Ameris Bancorp  (NAS:ABCB) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Ameris Bancorp Effective Interest Rate on Debt % Related Terms

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Ameris Bancorp (Ameris Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
3490 Piedmont Road N.E., Suite 1550, Atlanta, GA, USA, 30305
Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking division. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.
Executives
William Millard Choate director 3490 PIEDMONT ROAD, SUITE 1550, ATLANTA GA 30305
William D Mckendry officer: EVP & CRO PO BOX 3668, MOULTRIE GA 31776
James A Lahaise officer: Corporate Banking Executive C/O FLAG FINANCIAL CORPORATION, 3475 PIEDMONT ROAD, NE, ATLANTA GA 30305
Nicole S Stokes officer: EVP & Chief Financial Officer 3250 NORTH VALDOSTA ROAD, VALDOSTA GA 31602
Proctor H Palmer Jr director, officer: President & CEO
Bowen William I. Jr. director P.O. BOX 3668, MOULTRIE GA 31776
Jimmy D Veal director P.O. BOX 3668, MOULTRIE GA 31776
Jon S Edwards officer: EVP/CCO P.O. BOX 3668, MOULTRIE GA 31776
Elizabeth A Mccague director P.O. BOX 3668, MOULTRIE GA 31776
Ronal Todd Shutley officer: EVP, Chief Specialty Banking O P.O. BOX 3668, MOULTRIE GA 31776
Robert P Lynch director P.O. BOX 3668, MOULTRIE GA 31776
Michael T Pierson officer: EVP & Chief Operations Officer 3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Ross L Creasy officer: EVP & Chief Innovation Officer 3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Robert Dale Ezzell director P.O. BOX 3668, MOULTRIE GA 31776
Bassett Lawton E Iii officer: Banking Group President PO BOX 3668, MOULTRIE GA 31776