Ameris Bancorp Financial Ratios — ABCB Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	25.16	12.71	18.16	29.91	24.53	32.98	26.14	32.8	32.11	39.61	41.38	28.15	17.96	20.27	19.58
Return on Assets (%)	0.71	0.48	0.6	1.01	0.85	1.16	1	1.25	1.09	1.35	1.7	1.42	1.07	1.39	1.53
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.86	4.92	4.31	4.5	4.85	4.36	3.64	4.27	5.97	5.21	4.84	5.11	4.41	4.23	3.27
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	22.69	16.73	19.9	28.21	23.31	32.99	34.42	33.09	30.74	32.15	50.07	43.21	34.24	43.11	45.48
Profit Margin (%)	15.12	11.12	13.59	19.44	16.78	22.6	20.37	26.44	23.45	24.76	38.04	33.05	25.81	32.5	35.12
Net Income to Common Margin (%)	12.8	8.36	12.41	19.29	16.78	22.6	20.37	26.44	23.45	24.76	38.04	33.05	25.81	32.5	35.12
Effective Tax Rate (%)	33.35	33.54	31.69	31.1	28.02	31.49	40.82	20.11	23.7	23	24.03	23.52	24.61	24.62	22.78
Dvd Payout Ratio (%)	-3.39	-8.61	-1.85	10.45	15.76	11.91	19.92	13.55	15.28	15.91	11.09	12.01	15.48	11.56	13.41
Sustainable Growth Rate (%)	26.01	13.81	18.5	26.78	20.66	29.05	20.93	28.35	27.2	33.31	36.79	24.77	15.18	17.93	16.96

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	82	42	250	144	109	577	336	241	1,526	550	866	2,004	640	424	692
ST Debt	20	- -	10	24	24	39	- -	70	- -	- -	- -	- -	- -	- -	- -
LT Debt	62	42	240	120	85	538	336	171	1,526	550	866	2,004	640	424	692
Total Debt/EBITDA	15.26	6.61	39.36	16.07	9.23	41.49	25.6	12.34	37.14	9.97	18.07	37.37	13.93	9.08	18.01
Net Debt/EBITDA	-34.1	-36.25	-0.47	-2.3	-23.41	27.22	0.42	-21.22	22.59	-28.09	-66.32	16.52	-11.48	-17.04	-10.32
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.67	3.01	3.01	3.63	3.34	3.64	3.97	3.72	3.18	3.64	4.52	5.52	6.4	7.33	8.3
Long-Term Debt/Equity (%)	21.2	15.15	75.79	32.84	16.49	83.18	41.78	11.74	61.8	20.76	29.2	62.68	18.67	11.3	16.99
Long-Term Debt/Capital (%)	29.24	26.29	61.79	41.34	28.74	64.99	51.87	25.63	72.48	42.51	44.54	59.16	28.41	18.04	23.27
Long-Term Debt/Total Assets (%)	2.08	1.4	6.54	2.98	1.52	7.8	4.28	1.49	8.37	2.69	3.63	8	2.54	1.61	2.52
Total Debt/Equity (%)	28	15.15	78.95	39.4	21.15	89.19	41.78	16.55	61.8	20.76	29.2	62.68	18.67	11.3	16.99
Total Debt/Capital (%)	38.64	26.29	64.36	49.59	36.87	69.68	51.87	36.12	72.48	42.51	44.54	59.16	28.41	18.04	23.27
Total Debt/Total Assets (%)	2.75	1.4	6.82	3.57	1.95	8.37	4.28	2.11	8.37	2.69	3.63	8	2.54	1.61	2.52
Net Debt to Equity	-62.56	-83.03	-0.94	-5.64	-53.65	58.5	0.68	-28.45	37.6	-58.48	-107.15	27.71	-15.39	-21.23	-9.73
Net Debt/Capital (%)	345.98	204.76	-2.2	-16.4	307.75	60.12	1.72	-3,505.33	61.58	192.35	151.35	39.04	-48.61	-70.48	-21.02
EBITDA	5	6	6	9	12	14	13	20	41	55	48	54	46	47	38
EBITDA-CapEx	-7	-3	1	3	-1	3	9	10	30	37	22	40	28	33	18
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.67	3.01	3.01	3.63	3.34	3.64	3.97	3.72	3.18	3.64	4.52	5.52	6.4	7.33	8.3
Long-Term Debt/Equity (%)	21.2	15.15	75.79	32.84	16.49	83.18	41.78	11.74	61.8	20.76	29.2	62.68	18.67	11.3	16.99
Long-Term Debt/Capital (%)	29.24	26.29	61.79	41.34	28.74	64.99	51.87	25.63	72.48	42.51	44.54	59.16	28.41	18.04	23.27
Long-Term Debt/Total Assets (%)	2.08	1.4	6.54	2.98	1.52	7.8	4.28	1.49	8.37	2.69	3.63	8	2.54	1.61	2.52
Total Debt/Equity (%)	28	15.15	78.95	39.4	21.15	89.19	41.78	16.55	61.8	20.76	29.2	62.68	18.67	11.3	16.99
Total Debt/Capital (%)	38.64	26.29	64.36	49.59	36.87	69.68	51.87	36.12	72.48	42.51	44.54	59.16	28.41	18.04	23.27
Total Debt/Total Assets (%)	2.75	1.4	6.82	3.57	1.95	8.37	4.28	2.11	8.37	2.69	3.63	8	2.54	1.61	2.52
CFO/Total Liabilities	1.71	-0.29	0.65	-0.15	-0.5	-1.12	-0.89	-1.09	-5.96	4.49	0.04	4.86	2.61	0.68	1.66
CFO/CapEx	3.84	-0.86	3.88	-0.98	-2.01	-6.36	-16.64	-10.87	-81.19	44.07	0.36	78.31	32.45	11.44	19
Altman's Z-Score	0.13	0.14	0.16	0.2	0.21	0.24	0.25	0.17	0.18	0.19	0.2	0.21	0.23	0.26	0.29

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	241	297	505	666	1,080	1,498	1,775	1,366	2,487	2,637	3,449	3,262	3,659	4,305	5,084
- Cash & Cash Equivalents	266	274	253	165	385	198	331	655	598	2,098	4,045	1,118	1,167	1,220	1,089
+ Preferred Equity and Hybrid Capital	51	28	28	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	82	42	250	144	109	577	336	241	1,526	550	866	2,004	640	424	692
Enterprise Value	-232	-254	44	104	20	1,053	970	-240	2,012	106	-322	2,648	1,729	1,838	2,480
Total Capital	213	161	388	291	295	827	648	667	2,106	1,293	1,945	3,388	2,252	2,350	2,976
Total Debt/Capital (%)	38.64	26.29	64.36	49.59	36.87	69.68	51.87	36.12	72.48	42.51	44.54	59.16	28.41	18.04	23.27
Total Debt / EV	-0.35	-0.17	5.72	1.39	5.39	0.55	0.35	-1	0.76	5.2	-2.69	0.76	0.37	0.23	0.28
EV/Sales	- -	- -	0.3	0.52	0.08	3.3	2.69	- -	2.92	0.1	- -	2.52	1.66	1.66	2.11
EV/EBITDA	- -	- -	6.88	11.54	1.71	75.78	73.87	- -	48.96	1.92	- -	49.37	37.64	39.33	64.52
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	2	- -	- -	- -	- -	- -	- -	0.13	- -	2.49	3.04	11.92	6.36
EV/Free Cash Flow to Firm	- -	- -	1.59	916.08	- -	- -	- -	- -	- -	0.13	- -	2.46	2.95	10.96	6.04
Diluted Market Cap	242	298	514	673	1,092	1,513	1,790	1,370	2,493	2,643	3,466	3,272	3,666	4,321	5,103
Diluted Enterprise Value	109	94	539	653	816	1,891	1,796	955	3,422	1,095	287	4,158	3,139	3,525	4,706
EV per Share	- -	- -	1.83	3.99	0.64	30.66	26.33	- -	34.42	1.53	- -	38.26	25.06	26.71	36.23
TTM Sales	139	130	147	199	243	319	361	458	688	1,058	991	1,049	1,043	1,104	1,174
TTM EBITDA	5	6	6	9	12	14	13	20	41	55	48	54	46	47	38
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	46	-8	22	-6	-25	-70	-63	-109	-940	798	9	1,062	569	154	390
TTM Free Cash Flow to Firm	58	1	27	- -	-13	-59	-59	-99	-929	817	35	1,076	586	168	411

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	4.16	240.74	18.7	5,958.24	-86.34	-25.74	-30.45	-13.86	-2.69	3.24	100.2	3.04	6.25	25.77	12.42
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-232	-254	44	104	20	1,053	970	-240	2,012	106	-322	2,648	1,729	1,838	2,480
Low Price	8.31	10.05	12.57	19.42	22.71	24.96	41.05	29.97	31.27	17.12	36.6	38.22	28.33	44	48.27
EV/Sales	- -	- -	0.3	0.52	0.08	3.3	2.69	- -	2.92	0.1	- -	2.52	1.66	1.66	2.11
EV/EBITDA	- -	- -	6.88	11.54	1.71	75.78	73.87	- -	48.96	1.92	- -	49.37	37.64	39.33	64.52
Price/Earnings	13.5	27.38	27.62	17.33	26.43	20.77	24.14	11.29	15.4	10.06	9.15	9.41	13.6	12	12.33
Price/Earnings Average	12.61	26.04	21.98	15.18	21.44	15.83	23.21	17.71	13.96	7.59	9.29	9.37	10.3	10.59	11.08
Price/Earnings High	14.71	29.57	29.41	18.07	27.38	22.72	25.69	21.05	16.26	11.58	11.03	11.11	13.8	14.3	13.12
Price/Earnings Low	10.91	22.03	16.45	13.12	17.66	11.89	20.56	10.68	11.32	4.53	6.74	7.63	7.26	8.44	8.02
Price/Book Value	3.02	3.27	4.57	4.54	5.79	5.97	5.69	3.21	4.29	3.55	3.2	2.36	2.27	2.24	2.23
Price/Book Value Average	2.82	3.11	3.64	3.98	4.7	4.55	5.47	5.03	3.89	2.68	3.25	2.35	1.72	1.97	2
Price/Book Value High	3.28	3.53	4.87	4.74	6	6.53	6.06	5.98	4.53	4.08	3.85	2.78	2.3	2.66	2.37
Price/Book Value Low	2.44	2.63	2.72	3.44	3.87	3.42	4.85	3.03	3.15	1.6	2.36	1.91	1.21	1.57	1.45
Price/Tangible Book Value	1.01	1.2	2.04	2.26	2.65	2.97	2.67	1.53	1.72	1.6	1.89	1.57	1.58	1.62	1.69
Price/Tangible Book Value Average	0.94	1.14	1.62	1.98	2.15	2.27	2.57	2.4	1.56	1.21	1.92	1.56	1.19	1.43	1.52
Price/Tangible Book Value High	1.1	1.3	2.17	2.36	2.74	3.25	2.84	2.85	1.81	1.84	2.27	1.85	1.6	1.93	1.8
Price/Tangible Book Value Low	0.82	0.97	1.21	1.71	1.77	1.7	2.27	1.45	1.26	0.72	1.39	1.27	0.84	1.14	1.1
Price/Sales	1.73	2.29	3.43	3.34	4.44	4.69	4.92	2.98	3.61	2.49	3.48	3.11	3.51	3.9	4.33
Price/Sales Average	1.61	2.18	2.73	2.93	3.6	3.58	4.73	4.68	3.27	1.88	3.53	3.1	2.66	3.44	3.89
Price/Sales High	1.88	2.47	3.65	3.49	4.59	5.14	5.23	5.56	3.81	2.87	4.19	3.67	3.56	4.65	4.61
Price/Sales Low	1.4	1.84	2.04	2.53	2.96	2.69	4.19	2.82	2.66	1.12	2.56	2.52	1.87	2.74	2.82
Price/Cash Flow	5.22	-37.98	23.11	-119.01	-42.8	-21.46	-28.37	-12.56	-2.65	3.3	377.39	3.07	6.43	27.92	13.03
Price/Cash Flow Average	4.88	-36.12	18.39	-104.28	-34.72	-16.36	-27.29	-19.7	-2.4	2.49	383.04	3.05	4.87	24.64	11.71
Price/Cash Flow High	5.69	-41.02	24.61	-124.11	-44.34	-23.48	-30.2	-23.41	-2.79	3.8	454.65	3.62	6.53	33.27	13.86
Price/Cash Flow Low	4.22	-30.56	13.76	-90.14	-28.6	-12.29	-24.16	-11.88	-1.94	1.49	278.03	2.49	3.43	19.64	8.47
Price/Free Cash Flow Average	3.88	228.96	14.89	5,220.68	-70.04	-19.61	-29.28	-21.75	-2.43	2.44	101.7	3.03	4.73	22.74	11.16
Price/Free Cash Flow High	4.53	260.02	19.91	6,213.86	-89.44	-28.16	-32.41	-25.85	-2.83	3.72	120.71	3.59	6.34	30.71	13.21
Price/Free Cash Flow Low	3.36	193.71	11.14	4,512.84	-57.69	-14.73	-25.93	-13.12	-1.97	1.46	73.82	2.47	3.34	18.12	8.07
EV/Sales Average	0.66	0.61	2.9	2.83	2.46	4.76	4.74	3.78	4.62	0.42	0.33	3.94	2.15	2.72	3.55
EV/Sales High	0.93	0.9	3.82	3.38	3.46	6.32	5.25	4.66	5.16	1.4	0.99	4.52	3.06	3.93	4.27
EV/Sales Low	0.44	0.27	2.21	2.43	1.83	3.87	4.2	1.92	4	- -	- -	3.37	1.37	2.02	2.48
EV/EBITDA Average	17.08	12.32	67.21	62.74	50.81	109.36	130.47	88.56	77.42	8	6.73	77.04	48.85	64.27	108.52
EV/EBITDA High	24.03	18.32	88.58	75.11	71.37	145.12	144.33	109.25	86.47	26.94	20.39	88.29	69.37	92.75	130.35
EV/EBITDA Low	11.46	5.51	51.27	53.92	37.73	88.91	115.57	45	67.08	-6.58	-13.3	65.84	31.06	47.75	75.64
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	10.28	12.49	21.11	25.64	33.99	43.6	48.2	31.67	42.54	38.07	49.68	47.14	53.05	62.57	74.27
High Price	11.2	13.49	22.48	26.74	35.21	47.7	51.3	59.05	44.9	43.79	59.85	55.62	53.84	74.56	78.99
Enterprise Value Average	92	79	427	563	600	1,520	1,713	1,729	3,182	441	323	4,132	2,244	3,003	4,171
Enterprise Value High	130	117	563	674	842	2,016	1,895	2,133	3,554	1,485	977	4,734	3,186	4,334	5,010
Enterprise Value Low	62	35	326	484	445	1,235	1,517	879	2,757	-362	-637	3,531	1,427	2,231	2,907

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	24	24	25	27	32	35	37	47	70	70	70	69	69	69	68
Diluted Weighted Avg Shares	24	24	24	26	32	35	37	43	59	69	70	69	69	69	69
Basic Weighted Avg Shares	23	24	24	26	32	34	37	43	58	69	69	69	69	69	68
Revenue per Share	5.95	5.45	6.16	7.67	7.66	9.29	9.8	10.61	11.77	15.28	14.27	15.15	15.11	16.04	17.15
EBITDA per Share	0.23	0.27	0.27	0.35	0.37	0.4	0.36	0.45	0.7	0.8	0.69	0.78	0.67	0.68	0.56
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.76	0.46	0.76	1.48	1.29	2.1	2	2.81	2.76	3.78	5.43	5.01	3.9	5.21	6.02
Basic EPS from Cont Ops	0.9	0.61	0.84	1.49	1.29	2.1	2	2.81	2.76	3.78	5.43	5.01	3.9	5.21	6.02
Diluted EPS, GAAP	0.76	0.46	0.75	1.46	1.27	2.08	1.98	2.8	2.75	3.77	5.4	4.99	3.89	5.19	6
Diluted EPS from Cont Ops	0.9	0.61	0.82	1.47	1.27	2.08	1.98	2.8	2.75	3.77	5.4	4.99	3.89	5.19	6
Dividend per Share	0.11	0.11	0.06	0.17	0.2	0.25	0.4	0.38	0.42	0.6	0.6	0.6	0.6	0.6	0.81
Cash Flow per Share	1.97	-0.33	0.91	-0.22	-0.79	-2.03	-1.7	-2.52	-16.08	11.53	0.13	15.36	8.25	2.24	5.7
Free Cash Flow per Basic Share	1.46	-0.71	0.68	-0.44	-1.19	-2.35	-1.8	-2.75	-16.28	11.27	-0.23	15.16	7.99	2.05	5.4
Cash & Equivalents per Share	25.85	26.08	30.91	27.21	36.78	29.73	31	42.83	34.23	44.48	66.79	37.84	37.26	42.02	48.15
Book Value per Share	3.41	3.82	4.62	5.64	5.87	7.3	8.47	9.88	9.91	10.73	15.53	19.99	23.38	27.99	33.36
Tangible Book Value per Share	10.19	10.39	10.35	11.33	12.83	14.66	18.07	20.73	24.74	23.78	26.33	30	33.68	38.73	43.91

Ameris Bancorp

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)