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Ameris Bancorp Financial Strength

: 4 (As of Jun. 2022)
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Ameris Bancorp has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Ameris Bancorp's interest coverage with the available data. Ameris Bancorp's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.52. Altman Z-Score does not apply to banks and insurance companies.


Ameris Bancorp Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Ameris Bancorp's Interest Expense for the months ended in Jun. 2022 was $-11.2 Mil. Its Operating Income for the months ended in Jun. 2022 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $552.9 Mil.

Ameris Bancorp's Interest Coverage for the quarter that ended in Jun. 2022 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Ameris Bancorp's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 552.917) / 1059.156
=0.52

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


Ameris Bancorp  (NAS:ABCB) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Ameris Bancorp has the Financial Strength Rank of 4.


Ameris Bancorp Financial Strength Related Terms

Thank you for viewing the detailed overview of Ameris Bancorp's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Ameris Bancorp Business Description

Ameris Bancorp logo
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
Shutley Ronal Todd officer: EVP, Chief Specialty Banking O P.O. BOX 3668 MOULTRIE GA 31776
Bassett Lawton E Iii officer: Banking Group President PO BOX 3668 MOULTRIE GA 31776
Veal Jimmy D director P.O. BOX 3668 MOULTRIE GA 31776
Lahaise James A officer: Corporate Banking Executive C/O FLAG FINANCIAL CORPORATION 3475 PIEDMONT ROAD, NE ATLANTA GA 30305
Spencer Jody L officer: General Council P.O. BOX 3668 MOULTRIE GA 31776
O'neal Gloria A director 3490 PIEDMONT ROAD, NE SUITE 1550 ATLANTA GA 30305
Pierson Michael T officer: EVP & Chief Operations Officer 3490 PIEDMONT ROAD, NE SUITE 1550 ATLANTA GA 30305
Proctor H Palmer Jr director, officer: President & CEO
Creasy Ross L officer: EVP & Chief Innovation Officer 3490 PIEDMONT ROAD, NE SUITE 1550 ATLANTA GA 30305
Miller James B Jr director C/O FIDELITY SOUTHERN CORPORATION 3490 PIEDMONT ROAD #1550 ATLANTA GA 30305
Bullard Rodney D director 3490 PIEDMONT ROAD, NE SUITE 1550 ATLANTA GA 30305
Choate William Millard director 3490 PIEDMONT ROAD, SUITE 1550 ATLANTA GA 30305
Mccague Elizabeth A director P.O. BOX 3668 MOULTRIE GA 31776
Edwards Jon S officer: EVP/CCO P.O. BOX 3668 MOULTRIE GA 31776
Stokes Nicole S officer: EVP & Chief Financial Officer 3250 NORTH VALDOSTA ROAD VALDOSTA GA 31602
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