ABCB FY 2020 Earnings Report — Ameris Bancorp Revenue & Financial Results | Market Cap Arena

Ameris BancorpABCB

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.1B	—	$820M	—	39.9%
Op. Income	$340M	—	$212M	—	60.8%
Gross Margin	79.6%	—	81.6%	—	-2.0pp
Net Margin	22.8%	—	19.7%	—	3.1pp
EPS (Diluted)	$3.77	—	$2.75	—	37.1%
Free Cash Flow	$780M	—	-$952M	—	182.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$234M
GROSS PROFIT	$913M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$374M
SG&A Expenses	$382M
Other Expenses	$190M
Operating Expenses	$573M
Cost & Expenses	$807M
OPERATING INCOME	$340M
Interest Income	$727M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$340M
Income Tax Expense	$78M
Net Income from Continuing Ops	$262M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$262M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$262M
D&A	$55M
EBIT	$340M
EBITDA	$395M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$234M
GROSS PROFIT	$913M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$374M
SG&A Expenses	$382M
Other Expenses	$190M
Operating Expenses	$573M
Cost & Expenses	$807M
OPERATING INCOME	$340M
Interest Income	$727M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$340M
Income Tax Expense	$78M
Net Income from Continuing Ops	$262M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$262M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$262M
D&A	$55M
EBIT	$340M
EBITDA	$395M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$262M
Depreciation & Amortization	$55M
Stock-Based Compensation	$4M
Deferred Income Tax	-$8M
Other Non-Cash Items	$628M
Change in Working Capital	-$142M
OPERATING CASH FLOW	$798M
Capital Expenditure	-$18M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$472M
Other Investing Activities	-$1.7B
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$979M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$42M
Other Financing Activities	$2.9B
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	$780M
Net Change in Cash	$1.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$983M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$223M
Goodwill	$928M
Intangible Assets	$72M
Long-Term Investments	$15.5B
Tax Assets	$33M
Other Non-Current Assets	$625M
TOTAL NON-CURRENT ASSETS	$17.4B
TOTAL ASSETS	$20.4B
Account Payables	$0
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$17.0B
TOTAL CURRENT LIABILITIES	$17.0B
Long-Term Debt	$550M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$273M
TOTAL NON-CURRENT LIABILITIES	$822M
TOTAL LIABILITIES	$17.8B
Common Stock	$72M
Additional Paid-In Capital	$1.9B
Retained Earnings	$672M
Treasury Stock	-$43M
Accum. Other Comp. Income	$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$20.4B
Total Debt	$561M
Net Debt	-$1.5B