ABCB FY 2021 Earnings Report — Ameris Bancorp Revenue & Financial Results | Market Cap Arena

Ameris BancorpABCB

FY 2021 Earnings

Reported February 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.0B	—	$1.1B	—	-9.4%
Op. Income	$496M	—	$340M	—	45.8%
Gross Margin	98.8%	—	79.6%	—	19.2pp
Net Margin	36.3%	—	22.8%	—	13.4pp
EPS (Diluted)	$5.40	—	$3.77	—	43.2%
Free Cash Flow	-$16M	—	$780M	—	-102.1%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$12M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$343M
SG&A Expenses	$352M
Other Expenses	$178M
Operating Expenses	$530M
Cost & Expenses	$543M
OPERATING INCOME	$496M
Interest Income	$703M
Interest Expense	$48M
Other Income/Expenses	$0
INCOME BEFORE TAX	$496M
Income Tax Expense	$119M
Net Income from Continuing Ops	$377M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$377M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$377M
D&A	$48M
EBIT	$496M
EBITDA	$544M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$12M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$343M
SG&A Expenses	$352M
Other Expenses	$178M
Operating Expenses	$530M
Cost & Expenses	$543M
OPERATING INCOME	$496M
Interest Income	$703M
Interest Expense	$48M
Other Income/Expenses	$0
INCOME BEFORE TAX	$496M
Income Tax Expense	$119M
Net Income from Continuing Ops	$377M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$377M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$377M
D&A	$48M
EBIT	$496M
EBITDA	$544M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$377M
Depreciation & Amortization	$48M
Stock-Based Compensation	$8M
Deferred Income Tax	$38M
Other Non-Cash Items	-$482M
Change in Working Capital	$20M
OPERATING CASH FLOW	$9M
Capital Expenditure	-$25M
Acquisitions (Net)	-$127M
Purchases of Investments	-$99M
Sales/Maturities of Investments	$365M
Other Investing Activities	-$535M
NET CASH FROM INVESTING	-$421M
Net Debt Issuance	-$296M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$42M
Other Financing Activities	$2.7B
NET CASH FROM FINANCING	$2.4B
FREE CASH FLOW	-$16M
Net Change in Cash	$1.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$593M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.6B
PP&E (Net)	$225M
Goodwill	$1.0B
Intangible Assets	$126M
Long-Term Investments	$17.1B
Tax Assets	$0
Other Non-Current Assets	$768M
TOTAL NON-CURRENT ASSETS	$19.2B
TOTAL ASSETS	$23.9B
Account Payables	$0
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$19.7B
TOTAL CURRENT LIABILITIES	$19.7B
Long-Term Debt	$866M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$354M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$20.9B
Common Stock	$72M
Additional Paid-In Capital	$1.9B
Retained Earnings	$1.0B
Treasury Stock	-$52M
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$0
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$23.9B
Total Debt	$872M
Net Debt	-$3.2B