Ameris Bancorp board approves $200 million share buyback program

ATLANTA - Ameris Bancorp (NYSE:ABCB), currently valued at nearly $5 billion in market capitalization, announced Monday that its board of directors has authorized a $200 million share repurchase program of its outstanding common stock, replacing and increasing its previous buyback initiative that was set to expire on October 31. The bank’s shares are currently trading at an attractive P/E ratio of 12.8x earnings.

The new authorization extends through October 31, 2026, and follows the company’s repurchase of $36.3 million of its common stock over the past 12 months under the prior program.

According to the bank’s statement, repurchases may be conducted through open market or negotiated transactions, with timing and volume based on factors including share price, regulatory limitations and market conditions. The program does not obligate Ameris to repurchase any specific number of shares.

"This repurchase plan reflects our disciplined focus on long-term shareholder value and confidence in the strength of the Company’s balance sheet and top of class financial results," said H. Palmer Proctor, Jr., Chief Executive Officer of Ameris.

Ameris Bancorp serves as the parent company of Ameris Bank, a state-chartered institution headquartered in Atlanta, Georgia. The bank operates financial centers across five southeastern states and provides nationwide services through select lending channels. As of June 30, 2025, Ameris manages $26.7 billion in assets.

The announcement was made in a company press release issued Monday.

In other recent news, Ameris Bancorp reported strong financial results for the second quarter of 2025, highlighting a significant growth in net income and earnings per share. The company announced a 21% increase in net income, reaching $109.8 million. This performance reflects the company’s optimistic outlook for the upcoming quarters. These developments come as Ameris Bancorp continues to build on its financial strength. The company’s recent earnings report has drawn attention from investors and analysts alike. Analysts have noted the positive trajectory in Ameris Bancorp’s financial health. The company’s performance is seen as a key indicator of its ongoing strategy and market position. These recent developments provide insights into Ameris Bancorp’s financial standing and future prospects.

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