Trump Threatens Lawsuit Against ABC Over Reporting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: CNBC
- Lawsuit Threat: Trump has threatened to sue ABC for allegedly false reporting regarding the costs of repairing the Lincoln Memorial Reflecting Pool, claiming the network failed to mention that previous administrations spent over $100 million, despite PBS reporting actual costs around $35 million.
- Soaring Repair Costs: ABC's latest report indicates that the repainting of the Lincoln Memorial Reflecting Pool has exceeded $14.65 million, surpassing the original estimated cost of the no-bid contract by over $4 million, highlighting significant issues in project management and budget oversight.
- Federal Investigations: ABC is currently facing two investigations from the Federal Communications Commission, led by Trump appointee Brendan Carr, who has demanded that the network submit early renewal applications for eight of its local broadcasting licenses, indicating increased regulatory pressure on the network.
- Public Support Campaign: In response to the investigations, ABC announced an on-air campaign encouraging viewers to support the network, particularly in light of its daytime talk show 'The View' being investigated under federal 'equal time' rules for political candidates, reflecting its vulnerability in the current political climate.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ABCB?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ABCB
Wall Street analysts forecast ABCB stock price to fall
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 90.830
Low
84.00
Averages
87.80
High
94.00
Current: 90.830
Low
84.00
Averages
87.80
High
94.00
About ABCB
Ameris Bancorp is a financial holding company, through its banking subsidiary, Ameris Bank (the Bank), which provides a full range of banking services to its retail and commercial customers, who are primarily concentrated in select markets in Georgia, Alabama, Florida, North Carolina and South Carolina. Its Banking Division provides full-service financial services to include commercial loans, consumer loans and deposit accounts. Its Retail Mortgage Division is engaged in the origination, sales and servicing of one-to-four family residential mortgage loans. Its Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. Its Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans. It operates approximately 163 full-service domestic banking offices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ameris Bancorp Announces Q2 2026 Financial Results Release Schedule
- Earnings Release Schedule: Ameris Bancorp intends to release its Q2 2026 financial results after market close on July 23, 2026, reflecting the company's commitment to transparency and information disclosure aimed at boosting investor confidence.
- Teleconference Details: CEO H. Palmer Proctor, Jr. and the executive team will host a teleconference on July 24, 2026, at 9:00 a.m. Eastern Time to discuss the financial results and answer questions, which is expected to attract significant attention from investors and analysts.
- Replay Information: A replay of the call will be available until July 31, 2026, by dialing 1-855-669-9658 with access code 7503680, ensuring that investors who cannot participate live can still access key information.
- Company Overview: As the parent company of Ameris Bank, Ameris Bancorp manages $28.1 billion in assets and offers a full range of banking and lending products, demonstrating its strong competitive position and service capabilities in the southeastern U.S. market.
See More
Ameris Bank Expands Operations in Nashville, TN
- Market Expansion Plan: Ameris Bank has announced plans to establish a new office in Nashville, aiming to enhance its commercial banking presence in one of the Southeast's fastest-growing markets, with an opening expected by year-end to broaden its customer base.
- Leadership Team Formation: Justin McClain has been appointed as the Nashville market leader, bringing nearly two decades of banking experience and deep knowledge of the Middle Tennessee market, which is expected to drive the company's local business development.
- Local Team Advantage: The Nashville team includes experienced bankers Charlie Ogden and Jesse Lee, whose combined local market knowledge will provide robust financial support to businesses and individuals throughout Middle Tennessee, addressing diverse financial needs.
- Strategic Investment Direction: This expansion reflects Ameris Bank's ongoing strategy of investing in high-growth markets across the Southeast, emphasizing the importance of relationship banking and exceptional customer service to help clients achieve their financial goals.
See More
Trump Threatens Lawsuit Against ABC Over Reporting
- Lawsuit Threat: Trump has threatened to sue ABC for allegedly false reporting regarding the costs of repairing the Lincoln Memorial Reflecting Pool, claiming the network failed to mention that previous administrations spent over $100 million, despite PBS reporting actual costs around $35 million.
- Soaring Repair Costs: ABC's latest report indicates that the repainting of the Lincoln Memorial Reflecting Pool has exceeded $14.65 million, surpassing the original estimated cost of the no-bid contract by over $4 million, highlighting significant issues in project management and budget oversight.
- Federal Investigations: ABC is currently facing two investigations from the Federal Communications Commission, led by Trump appointee Brendan Carr, who has demanded that the network submit early renewal applications for eight of its local broadcasting licenses, indicating increased regulatory pressure on the network.
- Public Support Campaign: In response to the investigations, ABC announced an on-air campaign encouraging viewers to support the network, particularly in light of its daytime talk show 'The View' being investigated under federal 'equal time' rules for political candidates, reflecting its vulnerability in the current political climate.
See More
Valuation Analysis of U.S. Mid-Cap Financial Stocks
- Valuation Overview: According to Seeking Alpha's valuation grades, Acadian Asset Management, Ameris Bancorp, and Central Bancompany rank among the least attractively valued U.S. mid-cap financial stocks, indicating their low valuation relative to peers.
- Valuation Metrics Analysis: The valuation grades from Seeking Alpha incorporate multiple metrics such as P/E, PEG, EV/Sales, and EV/EBITDA, reflecting a lower market pricing for these companies, which may impact their investment appeal.
- Market Competitive Landscape: In the current market environment, Acadian Asset Management, Ameris Bancorp, and Central Bancompany all received an F valuation grade, suggesting that investors are cautious about their future growth potential, which could lead to capital outflows.
- Industry Impact Assessment: The valuation disadvantages faced by these companies may affect their financing capabilities and market competitiveness, further exacerbating their unfavorable position among mid-cap financial stocks.
See More
Rita Ferro Takes Charge of Disney's Global Advertising
- Leadership in Advertising: Rita Ferro, as President of Global Advertising at Disney, leverages her 29 years of industry experience to enhance the company's advertising sales across traditional TV, streaming, and digital platforms, thereby strengthening its position in a competitive media landscape.
- Strategic Integration: Ferro emphasizes the 'One Disney' strategy, creating more compelling advertising opportunities by integrating brand partnerships with movie studios and park activations, which enhances customer engagement and brand loyalty.
- International Expansion: Ferro plans to promote ad-supported streaming business internationally, particularly focusing on local content investments for Disney+, aiming to capitalize on the diversity and growth potential of international markets to drive global business development.
- Tech-Driven Approach: Ferro has spearheaded the restructuring of Disney's ad tech stack, enabling advertisers to target more effectively and improving measurement capabilities, thus enhancing the company's competitiveness in the digital advertising space.
See More
Ameris (ABCB) Q1 2026 Earnings Call Transcript
See More
Ameris Bancorp Announces Q2 2026 Financial Results Release Schedule
- Earnings Release Schedule: Ameris Bancorp intends to release its Q2 2026 financial results after market close on July 23, 2026, reflecting the company's commitment to transparency and information disclosure aimed at boosting investor confidence.
- Teleconference Details: CEO H. Palmer Proctor, Jr. and the executive team will host a teleconference on July 24, 2026, at 9:00 a.m. Eastern Time to discuss the financial results and answer questions, which is expected to attract significant attention from investors and analysts.
- Replay Information: A replay of the call will be available until July 31, 2026, by dialing 1-855-669-9658 with access code 7503680, ensuring that investors who cannot participate live can still access key information.
- Company Overview: As the parent company of Ameris Bank, Ameris Bancorp manages $28.1 billion in assets and offers a full range of banking and lending products, demonstrating its strong competitive position and service capabilities in the southeastern U.S. market.
See More
Ameris Bank Expands Operations in Nashville, TN
- Market Expansion Plan: Ameris Bank has announced plans to establish a new office in Nashville, aiming to enhance its commercial banking presence in one of the Southeast's fastest-growing markets, with an opening expected by year-end to broaden its customer base.
- Leadership Team Formation: Justin McClain has been appointed as the Nashville market leader, bringing nearly two decades of banking experience and deep knowledge of the Middle Tennessee market, which is expected to drive the company's local business development.
- Local Team Advantage: The Nashville team includes experienced bankers Charlie Ogden and Jesse Lee, whose combined local market knowledge will provide robust financial support to businesses and individuals throughout Middle Tennessee, addressing diverse financial needs.
- Strategic Investment Direction: This expansion reflects Ameris Bank's ongoing strategy of investing in high-growth markets across the Southeast, emphasizing the importance of relationship banking and exceptional customer service to help clients achieve their financial goals.
See More
Trump Threatens Lawsuit Against ABC Over Reporting
- Lawsuit Threat: Trump has threatened to sue ABC for allegedly false reporting regarding the costs of repairing the Lincoln Memorial Reflecting Pool, claiming the network failed to mention that previous administrations spent over $100 million, despite PBS reporting actual costs around $35 million.
- Soaring Repair Costs: ABC's latest report indicates that the repainting of the Lincoln Memorial Reflecting Pool has exceeded $14.65 million, surpassing the original estimated cost of the no-bid contract by over $4 million, highlighting significant issues in project management and budget oversight.
- Federal Investigations: ABC is currently facing two investigations from the Federal Communications Commission, led by Trump appointee Brendan Carr, who has demanded that the network submit early renewal applications for eight of its local broadcasting licenses, indicating increased regulatory pressure on the network.
- Public Support Campaign: In response to the investigations, ABC announced an on-air campaign encouraging viewers to support the network, particularly in light of its daytime talk show 'The View' being investigated under federal 'equal time' rules for political candidates, reflecting its vulnerability in the current political climate.
See More
Valuation Analysis of U.S. Mid-Cap Financial Stocks
- Valuation Overview: According to Seeking Alpha's valuation grades, Acadian Asset Management, Ameris Bancorp, and Central Bancompany rank among the least attractively valued U.S. mid-cap financial stocks, indicating their low valuation relative to peers.
- Valuation Metrics Analysis: The valuation grades from Seeking Alpha incorporate multiple metrics such as P/E, PEG, EV/Sales, and EV/EBITDA, reflecting a lower market pricing for these companies, which may impact their investment appeal.
- Market Competitive Landscape: In the current market environment, Acadian Asset Management, Ameris Bancorp, and Central Bancompany all received an F valuation grade, suggesting that investors are cautious about their future growth potential, which could lead to capital outflows.
- Industry Impact Assessment: The valuation disadvantages faced by these companies may affect their financing capabilities and market competitiveness, further exacerbating their unfavorable position among mid-cap financial stocks.
See More
Rita Ferro Takes Charge of Disney's Global Advertising
- Leadership in Advertising: Rita Ferro, as President of Global Advertising at Disney, leverages her 29 years of industry experience to enhance the company's advertising sales across traditional TV, streaming, and digital platforms, thereby strengthening its position in a competitive media landscape.
- Strategic Integration: Ferro emphasizes the 'One Disney' strategy, creating more compelling advertising opportunities by integrating brand partnerships with movie studios and park activations, which enhances customer engagement and brand loyalty.
- International Expansion: Ferro plans to promote ad-supported streaming business internationally, particularly focusing on local content investments for Disney+, aiming to capitalize on the diversity and growth potential of international markets to drive global business development.
- Tech-Driven Approach: Ferro has spearheaded the restructuring of Disney's ad tech stack, enabling advertisers to target more effectively and improving measurement capabilities, thus enhancing the company's competitiveness in the digital advertising space.
See More
Ameris (ABCB) Q1 2026 Earnings Call Transcript
See More
