H. Proctor on regional banking
From Ameris Bank CEO on what prompted the company's transfer of its stock listing to the NYSE · · New York Stock Exchange
“I think the sector is finally getting recognized. I think the net interest margins have kind of stabilized, the cost of funds is starting to stabilize and when you see that I think there's a little more interest in the stocks especially with the specialist.”
On , H. Proctor, Vice Chairman & Chief Executive Officer at AMERIS BANCORP, spoke about regional banking during Ameris Bank CEO on what prompted the company's transfer of its stock listing to the NYSE on New York Stock Exchange.
About H. Proctor
Palmer Proctor, CEO of Ameris Bancorp, rang the opening bell at the New York Stock Exchange on September 17, 2024, to celebrate the transfer of the company's stock listing to the NYSE. Proctor said the exchange was a better fit for the 50-year-old institution, citing stability and sustainability. He stated that the company's primary focus remains organic growth, though mergers and acquisitions remain of interest, and described the bank as not dependent on M&A. Proctor commented on the regional banking sector, saying he believed it was "finally getting recognized" as net interest margins and the cost of funds have begun to stabilize. He noted that specialist investors have shown increased interest, while generalist investors remain largely on the sidelines. Proctor expressed optimism for a "soft landing" that could lead to further appreciation in regional bank stocks. Looking ahead, he said the bank would continue on its current trajectory, describing Ameris as well-positioned with strong capital and leadership.