View on SEC.govNews Release
AMERIS BANCORP ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS
Highlights of Ameris’s results for the second quarter of 2026 include the following:
- Net income of $51.4 million, or $0.77 per diluted share
- Adjusted net income of $107.3 million, or $1.60 per diluted share
- Return on average assets ("ROA") of 0.73%; Adjusted ROA(1) of 1.53%
- Return on average tangible common equity(1) ("ROTCE") of 6.75%; Adjusted ROTCE of 14.08%
- Revenue growth of 14.9% annualized
- Stable net interest margin (TE) of 3.88%
- Efficiency ratio of 74.45% with adjusted efficiency ratio(1) lower at 50.42%
- Growth in average earning assets of $544.6 million, or 8.5% annualized
- Loan growth of $349.9 million, or 6.4% annualized
- Noninterest-bearing deposit mix improvement to 30.0% of total deposits
- Annualized net charge-off decline to 0.20% of average total loans
- Tangible book value(1) growth of $0.31 per share, or 2.8% annualized, to $45.10 at June 30, 2026
- Share repurchases totaling $19.0 million, or 226,600 shares, during the quarter
ATLANTA, GA, July 23, 2026 - Ameris Bancorp (NYSE: ABCB) (the “Company” or “Ameris”) today reported net income of $51.4 million, or $0.77 per diluted share, for the quarter ended June 30, 2026, compared with $109.8 million, or $1.60 per diluted share, for the quarter ended June 30, 2025. Excluding a litigation accrual and gain on the sale of securities, adjusted net income(1) was $107.3 million, or $1.60 per diluted share, for the quarter ended June 30, 2026, compared with $109.4 million, or $1.59 per diluted share, for the quarter ended June 30, 2025.
For the year-to-date period ending June 30, 2026, the Company reported net income of $161.9 million, or $2.40 per diluted share, compared with $197.8 million, or $2.87 per diluted share, for the same period in 2025. Adjusted net income(1) for the six months ended June 30, 2026 was $217.8 million, or $3.23 per diluted share, compared with $197.5 million, or $2.87 per diluted share, for the same period in 2025.
Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, “Ameris delivered another quarter of strong underlying operating performance, underscoring the resilience of our franchise and the earning power of our business and reflecting the consistency of our long-term strategy and disciplined execution across the organization. We generated a return on assets of 1.53% on an adjusted basis, maintained a stable net interest margin of 3.88% and delivered annualized earning asset growth of 8.5%. We continued to build long-term shareholder value through a relentless focus on profitable growth and a high-quality balance sheet funded with 30% noninterest bearing deposits and tangible common equity exceeding 11%. During the quarter, we were pleased to announce our expansion into the Nashville market, another important step in extending our high-performing Southeast franchise and creating additional opportunities for profitable growth.”
Net Interest Income and Net Interest Margin
Net interest income on a tax-equivalent basis (TE) was $253.4 million in the second quarter of 2026, an increase of $8.1 million, or 3.3%, from last quarter and $20.7 million, or 8.9%, compared with the second quarter of 2025. The Company's average earning assets increased during the quarter by $544.6 million, or 8.5% annualized, primarily due to an increase of $356.9 million in average portfolio loans outstanding and an increase of $170.9 million in the average balance of investment securities.
The Company's net interest margin was stable at 3.88% for the second quarter of 2026, unchanged from the first quarter of 2026 and an 11 basis point improvement from the 3.77% reported for the second quarter of 2025.
Yields on earning assets increased four basis points during the quarter to 5.61%, compared with 5.57% in the first quarter of 2026. This increase is primarily related to a 40 basis point increase in yield on taxable investment securities and a 12 basis point increase in yield on loans held for sale, partially offset by a one-basis point decrease in yield on portfolio loans outstanding during the second quarter of 2026.
The Company’s total cost of funds increased three basis points to 1.91% in the second quarter of 2026, compared with 1.88% in the first quarter of 2026, and improved 15 basis points compared with the second quarter of 2025. Deposit costs increased one-basis point during the second quarter of 2026 to 1.77%, compared with 1.76% in the first quarter of 2026. Costs of interest-bearing deposits during the quarter were 2.52%, an increase of two-basis points compared with the first quarter of 2026.
Noninterest Income
Noninterest income increased $3.6 million, or 5.2%, in the second quarter of 2026 to $73.5 million, compared with $69.9 million for the first quarter of 2026, driven primarily by a $7.4 million securities gain. Mortgage banking activity decreased $4.5 million, or 12.1%, to $32.5 million in the second quarter of 2026, compared with $37.0 million for the first quarter of 2026. Total production in the retail mortgage division increased $65.2 million, or 6.0%, to $1.15 billion in the second quarter of 2026, compared with $1.09 billion for the first quarter of 2026. The retail mortgage open pipeline was $609.3 million at the end of the second quarter of 2026, compared with $632.7 million at the end of the first quarter of 2026. Gain on sale spreads decreased to 2.04% in the second quarter of 2026 from 2.08% for the first quarter of 2026. Gain on securities was $7.4 million for the second quarter of 2026, primarily resulting from a gain on the conversion of Visa Class B-2 shares during the quarter and related gain on sale and mark-to-market adjustments. Other noninterest income increased $437,000, or 4.8%, in the second quarter of 2026 to $9.6 million, compared with $9.1 million for the first quarter of 2026.
Noninterest Expense
Noninterest expense increased $85.6 million, or 54.5%, to $242.7 million during the second quarter of 2026, compared with $157.1 million for the first quarter of 2026. The increase was driven by a litigation expense accrual of $82.5 million related to a jury verdict in an employment case in California. Adjusted noninterest expense(1) increased $3.1 million, or 2.0%, compared with the first quarter of 2026, primarily due to increased legal expenses and charitable donations. Management continues to focus on delivering high performing operating efficiency, with an adjusted efficiency ratio(1) of 50.42% in the second quarter of 2026, compared with 49.97% in the first quarter of 2026 and 51.74% in the second quarter of 2025.
Income Tax Expense
The Company's effective tax rate for the second quarter of 2026 was 22.1%, compared with 21.5% for the first quarter of 2026. The increased rate resulted primarily from a decline in the excess benefit from share-based compensation awards compared with the first quarter of 2026.
Balance Sheet Trends
Total assets at June 30, 2026 were $28.49 billion, compared with $28.11 billion at March 31, 2026 and $27.52 billion at December 31, 2025. During the second quarter of 2026, loans, net of unearned income, increased by $349.9 million, or 6.4% annualized. Loans held for sale decreased to $482.2 million at June 30, 2026 from $623.2 million at December 31, 2025. Debt securities available-for-sale amounted to $2.46 billion, compared with $2.35 billion at March 31, 2026 and $2.21 billion at December 31, 2025.
At June 30, 2026, total deposits amounted to $22.59 billion, compared with $22.38 billion at December 31, 2025. Average deposits in the second quarter of 2026 increased $243.4 million, or 4.4% annualized; however, end of period balances decreased $49.2 million, with noninterest bearing deposits increasing $33.9 million and interest bearing decreasing $83.1 million. Non-brokered, non-public fund deposits decreased $112.2 million, seasonal outflows of public funds totaled $111.0 million and brokered CDs increased $174.0 million. Noninterest-bearing accounts as a percentage of total deposits increased, such that at June 30, 2026, noninterest-bearing deposit accounts represented $6.78 billion, or 30.0% of total deposits, compared with $6.43 billion, or 28.7% of total deposits, at December 31, 2025.
Shareholders’ equity at June 30, 2026 totaled $4.09 billion, an increase of $14.5 million, or 0.4%, from December 31, 2025. The increase in shareholders’ equity was primarily the result of earnings of $161.9 million during the first six months of 2026, largely offset by share repurchases, dividends declared and a decrease in accumulated other comprehensive income of $24.8 million resulting from changes in interest rates on the Company's investment portfolio. Tangible book value per share(1) increased $0.92 per share, or 4.2% annualized, during the first six months of 2026 to $45.10 at June 30, 2026. Tangible common equity as a percentage of tangible assets was 11.04% at June 30, 2026, compared with 11.37% at the end of 2025. The Company repurchased 226,600 shares of its common stock during the quarter ending June 30, 2026.
Credit Quality
During the second quarter of 2026, the Company recorded a provision for credit losses of $17.3 million, compared with a provision of $16.6 million in the first quarter of 2026. The allowance for credit losses on loans was 1.62% of loans at June 30, 2026, unchanged from the end of 2025. Nonperforming assets as a percentage of total assets increased two basis points to 0.47% during the quarter. Approximately $33.7 million, or 25.4%, of the nonperforming assets at June 30, 2026 were GNMA-guaranteed mortgage loans, which present minimal loss exposure for the Company. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets increased two basis points to 0.35% at June 30, 2026, compared with 0.33% at the end of the first quarter of 2026. The net charge-off ratio was 20 basis points for the second quarter of 2026, compared with 21 basis points for the first quarter of 2026.
Conference Call
The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, July 24, 2026, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference call until July 31, 2026. To listen to the replay, dial 1-855-669-9658. The conference replay access code is 7503680. The financial information discussed will be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com. Participants also may listen to a live webcast of the presentation by visiting the link on the Investor Relations page of the Ameris Bank website.
About Ameris Bancorp
Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates financial centers in five southeastern states and also serves consumer and business customers nationwide through select lending channels. Ameris manages $28.5 billion in assets as of June 30, 2026, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.
(1) Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D.
This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management uses these non-GAAP financial measures in its analysis of the Company’s performance. These measures are useful when evaluating the underlying performance and efficiency of the Company’s operations and balance sheet. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company’s management believes that investors may use these non-GAAP financial measures to evaluate the Company’s financial performance without the impact of unusual items that may obscure trends in the Company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies.
This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on management's opinions only as of the date hereof and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness and payment behavior of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin, investment security valuations and other performance measures; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government trade, monetary and fiscal policies, including tariffs; competitive pressures on product pricing and services; fraud, theft or other misconduct impacting our customers or operations; cybersecurity risks, including data breaches, malware, ransomware and account takeover; the success and timing of our business strategies and plans; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements except as required by law.
For more information, contact:
Brady Gailey
Executive Director of Corporate Development
(404) 240-1517
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Financial Highlights | Table 1 | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands except per share data) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| EARNINGS | |||||||
| Net income | $51,446 | $110,492 | $108,356 | $106,029 | $109,834 | $161,938 | $197,769 |
| Adjusted net income(1) | $107,309 | $110,492 | $108,838 | $104,040 | $109,444 | $217,801 | $197,470 |
| COMMON SHARE DATA | |||||||
| Earnings per share available to common shareholders | |||||||
| Basic | $0.77 | $1.64 | $1.59 | $1.55 | $1.60 | $2.41 | $2.88 |
| Diluted | $0.77 | $1.63 | $1.59 | $1.54 | $1.60 | $2.40 | $2.87 |
| Adjusted diluted EPS(1) | $1.60 | $1.63 | $1.59 | $1.52 | $1.59 | $3.23 | $2.87 |
| Cash dividends per share | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.40 | $0.40 |
| Book value per share (period end) | $60.96 | $60.64 | $59.92 | $58.56 | $57.02 | $60.96 | $57.02 |
| Tangible book value per share (period end)(1) | $45.10 | $44.79 | $44.18 | $42.90 | $41.32 | $45.10 | $41.32 |
| Weighted average number of shares | |||||||
| Basic | 66,883,935 | 67,540,444 | 68,022,346 | 68,401,737 | 68,594,608 | 67,210,376 | 68,689,506 |
| Diluted | 67,099,941 | 67,766,997 | 68,328,365 | 68,665,669 | 68,796,577 | 67,430,193 | 68,912,750 |
| Period end number of shares | 67,106,587 | 67,320,298 | 68,022,316 | 68,587,742 | 68,711,043 | 67,106,587 | 68,711,043 |
| Market data | |||||||
| High intraday price | $91.41 | $87.98 | $78.99 | $76.58 | $65.43 | $91.41 | $68.85 |
| Low intraday price | $77.01 | $73.20 | $68.80 | $64.30 | $48.27 | $73.20 | $48.27 |
| Period end closing price | $90.26 | $77.99 | $74.27 | $73.31 | $64.70 | $90.26 | $64.70 |
| Average daily volume | 531,184 | 558,814 | 448,341 | 435,766 | 416,355 | 544,887 | 423,428 |
| PERFORMANCE RATIOS | |||||||
| Return on average assets | 0.73% | 1.62% | 1.57% | 1.56% | 1.65% | 1.17% | 1.51% |
| Adjusted return on average assets(1) | 1.53% | 1.62% | 1.58% | 1.53% | 1.64% | 1.57% | 1.50% |
| Return on average common equity | 5.00% | 10.91% | 10.63% | 10.61% | 11.40% | 7.94% | 10.41% |
| Adjusted return on average tangible common equity(1) | 14.08% | 14.75% | 14.53% | 14.29% | 15.76% | 14.41% | 14.48% |
| Earning asset yield (TE) | 5.61% | 5.57% | 5.61% | 5.66% | 5.64% | 5.59% | 5.63% |
| Total cost of funds | 1.91% | 1.88% | 1.95% | 2.05% | 2.06% | 1.89% | 2.06% |
| Net interest margin (TE) | 3.88% | 3.88% | 3.85% | 3.80% | 3.77% | 3.88% | 3.75% |
| Efficiency ratio | 74.45% | 49.97% | 46.59% | 49.19% | 51.63% | 62.43% | 52.22% |
| Adjusted efficiency ratio(1) | 50.42% | 49.97% | 46.68% | 49.62% | 51.74% | 50.19% | 52.25% |
| CAPITAL ADEQUACY (period end) | |||||||
| Shareholders' equity to assets | 14.36% | 14.52% | 14.81% | 14.82% | 14.68% | 14.36% | 14.68% |
| Tangible common equity to tangible assets(1) | 11.04% | 11.15% | 11.37% | 11.31% | 11.09% | 11.04% | 11.09% |
| OTHER DATA (period end) | |||||||
| Full time equivalent employees | |||||||
| Banking Division | 2,039 | 2,023 | 2,043 | 2,068 | 2,036 | 2,039 | 2,036 |
| Retail Mortgage Division | 516 | 528 | 538 | 546 | 550 | 516 | 550 |
| Warehouse Lending Division | 7 | 7 | 7 | 8 | 8 | 7 | 8 |
| Premium Finance Division | 88 | 84 | 85 | 78 | 78 | 88 | 78 |
| Total Ameris Bancorp FTE headcount | 2,650 | 2,642 | 2,673 | 2,700 | 2,672 | 2,650 | 2,672 |
| Branch locations | 163 | 163 | 163 | 164 | 164 | 163 | 164 |
| Deposits per branch location | $138,574 | $138,876 | $137,276 | $135,537 | $133,736 | $138,574 | $133,736 |
| (1)Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D |
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|
| Interest Income | — | $325.62M | $318.84M | $304.17M | $315.89M | $321.46M | $323.83M | $317.88M | $326.71M |
| Other Interest and Fee Income Loans and Leases | — | $325.62M | $318.84M | $304.17M | $315.89M | $321.46M | $323.83M | $317.88M | $326.71M |
| Other Interest and Dividend Income Operating | — | $355.15M | $346.36M | $333.78M | $347.64M | $355.05M | $358.06M | $351.77M | $365.58M |
| Total Interest Income | — | $355.15M | $346.36M | $333.78M | $347.64M | $355.05M | $358.06M | $351.77M | $365.58M |
| Other Interest Expense Deposits | — | $129.7M | $115.56M | $105.22M | $106.8M | $106.85M | $105.31M | $96.23M | $99M |
| Other Interest Expense Borrowings | — | $11.39M | $8.99M | $6.72M | $9.03M | $10.23M | $7.44M | $11.11M | $14.1M |
| Interest Expense | — | $141.09M | $124.54M | $111.94M | $115.83M | $117.08M | $112.76M | $107.34M | $113.09M |
| Total Interest Expense Bank | — | $129.7M | $115.56M | $105.22M | $106.8M | $106.85M | $105.31M | $96.23M | $99M |
| Net Interest Income | — | $214.06M | $221.82M | $221.84M | $231.81M | $237.96M | $245.31M | $244.44M | $252.48M |
| Other Interest Income Expense Net | — | $214.06M | $221.82M | $221.84M | $231.81M | $237.96M | $245.31M | $244.44M | $252.48M |
| Operating Provision for Loan Losses Expensed | — | $6.31M | $12.66M | $16.52M | $3.11M | $11.18M | $16.6M | $17.9M | $15.89M |
| Other Provision for Loan Losses Expensed | — | $6.31M | $12.66M | $16.52M | $3.11M | $11.18M | $16.6M | $17.9M | $15.89M |
| Other Provision for Other Credit Losses | — | -$2K | $3K | $0 | -$3K | $8K | $1K | -$6K | -$1K |
| Provision for Credit Losses | — | $6.11M | $12.81M | $21.89M | $2.77M | $22.63M | $22.95M | $16.55M | $17.25M |
| Net Interest Income After Provision | — | $207.95M | $209.01M | $199.95M | $229.04M | $215.33M | $222.36M | $227.89M | $235.23M |
| Operating Interest Income Expense After Provision for Loan Loss | — | $207.95M | $209.01M | $199.95M | $229.04M | $215.33M | $222.36M | $227.89M | $235.23M |
| Other Interest Income Expense After Provision for Loan Loss | — | $207.95M | $209.01M | $199.95M | $229.04M | $215.33M | $222.36M | $227.89M | $235.23M |
| Other Noninterest Income Other | — | $12.29M | $11.6M | $7.79M | $8.47M | $10.11M | $6.32M | $9.12M | $9.56M |
| Total Noninterest Income | — | $69.71M | $68.96M | $64.02M | $68.91M | $76.27M | $61.83M | $69.92M | $73.53M |
| Compensation and Benefits | — | $88.7M | $87.81M | $86.62M | $89.31M | $90.95M | $82M | $91.37M | $91.49M |
| Occupancy and Equipment | — | $11.72M | $11.62M | $10.68M | $11.4M | $11.52M | $11.32M | $11.63M | $12.56M |
| Other Information Technology and Data Processing | — | $15.22M | $14.63M | $14.86M | $15.37M | $16.06M | $16.24M | $16.79M | $15.57M |
| Other Credit Resolution Expense | — | -$110K | $1.27M | $765K | $657K | $770K | $953K | $509K | $798K |
| Selling and Marketing | — | $3.96M | $2.73M | $2.88M | $3.75M | $3.38M | $1.98M | $3.3M | $3.45M |
| Operating Amortization of Intangible Assets | — | $4.18M | $4.18M | $4.1M | $4.08M | $3.88M | $3.88M | $3.39M | $3.11M |
| Operating Expenses Loan Portfolio Expense | — | $8.63M | $8.3M | $7.82M | $7.9M | $8.14M | $7.27M | $7.38M | $7.21M |
| Other Operating Expenses | $20.91M | $19.49M | — | $16.37M | $22.81M | $19.87M | $0 | $14.75M | $242.71M |
| Other Noninterest Expense | — | $151.78M | $151.95M | $151.03M | $155.26M | $154.57M | $143.09M | $157.08M | $242.71M |
| Total Noninterest Expense | — | $151.78M | $151.95M | $151.03M | $155.26M | $154.57M | $143.09M | $157.08M | $242.71M |
| Income Before Tax | — | $125.89M | $126.02M | $112.94M | $142.69M | $137.04M | $141.09M | $140.73M | $66.05M |
| Other Income Loss From Continuing Operations Before Inco E20b31 | — | $125.89M | $126.02M | $112.94M | $142.69M | $137.04M | $141.09M | $140.73M | $66.05M |
| Income Tax Expense | — | $26.67M | $31.65M | $25M | $32.86M | $31.01M | $32.74M | $30.23M | $14.6M |
| Net Income | — | $99.21M | $94.38M | $87.94M | $109.83M | $106.03M | $108.36M | $110.49M | $51.45M |
| Eps Diluted | — | $1.44 | $1.36 | $1.27 | $1.60 | $1.54 | $1.59 | $1.63 | $0.77 |
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Non Current Assets Cash and Due From Banks | $231.52M | $244.98M | $253.29M | $249.68M | $216.93M | $253.81M | $235.11M | $237.43M |
| Fin Interest Bearing Deposits In Banks | $1.13B | $975.4M | $1.04B | $920.59M | $826.24M | $835.11M | $1.09B | $959.68M |
| Fin Afs Securities | $1.44B | $1.67B | $1.94B | $1.87B | $2.13B | $2.21B | $2.35B | $2.46B |
| Fin Htm Securities | $161.22M | $164.68M | $173.76M | $176.49M | $202.58M | $203.24M | $202.55M | $208.16M |
| Other Investments | $63.9M | $66.3M | $65.63M | $69.91M | $70.64M | $85.44M | $100.72M | $123.87M |
| Mortgage Loans Held for Sale | $553.38M | $528.6M | $545.39M | $544.09M | $604.14M | $623.15M | $496.63M | $482.22M |
| Bank Gross Loans | $20.96B | $20.74B | $20.71B | $21.04B | $21.26B | $21.51B | $21.83B | $22.18B |
| Bank Allowance for Credit Losses | $334.46M | $338.08M | $345.56M | $341.57M | $345.29M | $348.14M | $354.68M | -$359.51M |
| Property Plant Equipment Net | $210.93M | $209.46M | $207.9M | $211.43M | $211.57M | $213.1M | $216.4M | $220.5M |
| Goodwill | $1.02B | $1.02B | $1.02B | $1.02B | $1.02B | $1.02B | $1.02B | $1.02B |
| Intangible Assets Net | $74.94M | $70.76M | $66.66M | $62.58M | $58.7M | $54.82M | $51.43M | $48.32M |
| Non Current Assets Bank Owned Life Insurance | $460.7M | $408.57M | $410.89M | $414.38M | $417.1M | $420.58M | $424.16M | $427.79M |
| Non Current Assets Other Assets | $418.35M | $502.14M | $431.71M | $442.3M | $428.4M | $435.5M | $443.32M | $482.21M |
| Total Assets | $26.4B | $26.26B | $26.51B | $26.68B | $27.1B | $27.52B | $28.11B | $28.49B |
| Fin Deposits Noninterest Bearing | $6.67B | $6.5B | $6.74B | $6.8B | $6.76B | $6.43B | $6.75B | $6.78B |
| Fin Deposits | $21.88B | $21.72B | $21.91B | $21.93B | $22.23B | $22.38B | $22.64B | $22.59B |
| Non Current Liabilities Other Borrowings | $346.45M | $291.79M | $276.74M | $376.7M | $337.09M | $558.04M | $887.97M | $1.25B |
| Borrowings At Fair Value | $131.81M | $132.31M | $132.81M | $133.31M | $133.8M | $134.3M | $134.8M | $135.3M |
| Other Non Current Liabilities | $360.89M | $363.98M | $369.18M | $319.79M | $384.15M | $371.52M | $368.29M | $425.35M |
| Total Liabilities | $22.72B | $22.51B | $22.69B | $22.76B | $23.08B | $23.44B | $24.03B | $24.4B |
| Equity Common Stock Value | $72.7M | $72.7M | $72.89M | $72.9M | $72.9M | $72.9M | $73.25M | $73.27M |
| Additional Paid In Capital | $1.95B | $1.96B | $1.96B | $1.96B | $1.97B | $1.97B | $1.97B | $1.98B |
| Equity Additional Paid In Capital Common Stock | $1.95B | $1.96B | $1.96B | $1.96B | $1.97B | $1.97B | $1.97B | $1.98B |
| Retained Earnings | $1.77B | $1.85B | $1.93B | $2.02B | $2.12B | $2.21B | $2.31B | $2.35B |
| Aoci | -$15.72M | -$30.12M | -$14.43M | -$6.89M | $5.17M | $8.31M | -$1.48M | -$16.51M |
| Treasury Stock | $103.13M | $103.13M | $123.87M | $136.72M | $145.21M | $186.7M | $270.89M | -$290.05M |
| Total Stockholders Equity | $3.68B | $3.75B | $3.82B | $3.92B | $4.02B | $4.08B | $4.08B | $4.09B |
| Total Liabilities and Equity | $26.4B | $26.26B | $26.51B | $26.68B | $27.1B | $27.52B | $28.11B | $28.49B |
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Asset Quality Information | Table 4 | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Allowance for Credit Losses | |||||||
| Balance at beginning of period | $406,755 | $401,558 | $392,362 | $377,181 | $381,507 | $401,558 | $368,663 |
| Provision for loan losses | 15,894 | 17,895 | 16,601 | 11,176 | 3,110 | 33,789 | 19,629 |
| Provision for unfunded commitments | 1,360 | (1,338) | 6,348 | 11,446 | (335) | 22 | 5,038 |
| Provision for other credit losses | (1) | (6) | 1 | 8 | (3) | (7) | (3) |
| Provision for credit losses | 17,253 | 16,551 | 22,950 | 22,630 | 2,772 | 33,804 | 24,664 |
| Charge-offs | 16,616 | 17,527 | 19,575 | 13,631 | 14,227 | 34,143 | 29,610 |
| Recoveries | 5,553 | 6,173 | 5,821 | 6,182 | 7,129 | 11,726 | 13,464 |
| Net charge-offs (recoveries) | 11,063 | 11,354 | 13,754 | 7,449 | 7,098 | 22,417 | 16,146 |
| Ending balance | $412,945 | $406,755 | $401,558 | $392,362 | $377,181 | $412,945 | $377,181 |
| Allowance for loan losses | $359,513 | $354,682 | $348,141 | $345,294 | $341,567 | $359,513 | $341,567 |
| Allowance for unfunded commitments | 53,364 | 52,004 | 53,342 | 46,994 | 35,548 | 53,364 | 35,548 |
| Allowance for other credit losses | 68 | 69 | 75 | 74 | 66 | 68 | 66 |
| Total allowance for credit losses | $412,945 | $406,755 | $401,558 | $392,362 | $377,181 | $412,945 | $377,181 |
| Non-Performing Assets | |||||||
| Nonaccrual portfolio loans | $86,819 | $81,969 | $84,711 | $77,257 | $75,286 | $86,819 | $75,286 |
| Other real estate owned | 4,043 | 3,091 | 2,918 | 3,137 | 1,825 | 4,043 | 1,825 |
| Repossessed assets | — | 4 | 4 | 3 | 2 | — | 2 |
| Accruing loans delinquent 90 days or more | 8,364 | 8,230 | 8,492 | 9,325 | 8,415 | 8,364 | 8,415 |
| Non-performing portfolio assets | $99,226 | $93,294 | $96,125 | $89,722 | $85,528 | $99,226 | $85,528 |
| Serviced GNMA-guaranteed mortgage nonaccrual loans | 33,707 | 34,489 | 24,347 | 19,706 | 11,733 | 33,707 | 11,733 |
| Total non-performing assets | $132,933 | $127,783 | $120,472 | $109,428 | $97,261 | $132,933 | $97,261 |
| Asset Quality Ratios | |||||||
| Non-performing portfolio assets as a percent of total assets | 0.35% | 0.33% | 0.35% | 0.33% | 0.32% | 0.35% | 0.32% |
| Total non-performing assets as a percent of total assets | 0.47% | 0.45% | 0.44% | 0.40% | 0.36% | 0.47% | 0.36% |
| Net charge-offs as a percent of average loans (annualized) | 0.20% | 0.21% | 0.26% | 0.14% | 0.14% | 0.21% | 0.16% |
| AMERIS BANCORP AND SUBSIDIARIES | |||||
|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||
| Loan Information | Table 5 | ||||
| Jun | Mar | Dec | Sep | Jun | |
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 |
| Loans by Type | |||||
| Commercial and industrial | $3,453,501 | $3,400,837 | $3,288,505 | $3,299,269 | $3,184,211 |
| Consumer | 157,252 | 166,652 | 180,010 | 202,688 | 209,990 |
| Mortgage warehouse | 1,345,808 | 1,232,103 | 1,150,782 | 1,083,941 | 1,092,475 |
| Municipal | 415,396 | 420,775 | 434,234 | 437,823 | 436,759 |
| Premium Finance | 1,534,445 | 1,365,018 | 1,306,267 | 1,358,259 | 1,294,293 |
| Real estate - construction and development | 1,702,983 | 1,564,242 | 1,469,250 | 1,411,178 | 1,485,842 |
| Real estate - commercial and farmland | 9,243,359 | 9,364,885 | 9,311,405 | 9,054,927 | 8,877,750 |
| Real estate - residential | 4,325,121 | 4,313,468 | 4,373,069 | 4,410,289 | 4,460,177 |
| Total loans | $22,177,865 | $21,827,980 | $21,513,522 | $21,258,374 | $21,041,497 |
| Loans by Risk Grade | |||||
| Pass | $21,942,518 | $21,598,675 | $21,305,745 | $21,058,458 | $20,820,888 |
| Other assets especially mentioned | 61,021 | 49,359 | 39,709 | 37,236 | 66,677 |
| Substandard | 174,326 | 179,946 | 168,068 | 162,680 | 153,932 |
| Total loans | $22,177,865 | $21,827,980 | $21,513,522 | $21,258,374 | $21,041,497 |
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Average Balances | Table 6 | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Earning Assets | |||||||
| Interest-bearing deposits in banks | $883,521 | $879,724 | $884,149 | $883,976 | $951,851 | $881,633 | $965,930 |
| Debt securities - taxable | 2,703,887 | 2,532,669 | 2,432,934 | 2,282,470 | 2,117,596 | 2,618,751 | 2,058,241 |
| Debt securities - nontaxable | 44,914 | 45,241 | 45,237 | 44,823 | 41,299 | 45,077 | 41,344 |
| Loans held for sale | 629,469 | 616,530 | 758,588 | 706,679 | 730,770 | 623,035 | 648,607 |
| Loans | 21,947,729 | 21,590,793 | 21,278,859 | 21,038,350 | 20,928,825 | 21,770,247 | 20,775,652 |
| Total Earning Assets | $26,209,520 | $25,664,957 | $25,399,767 | $24,956,298 | $24,770,341 | $25,938,743 | $24,489,774 |
| Deposits | |||||||
| Noninterest-bearing deposits | $6,695,490 | $6,547,843 | $6,668,120 | $6,849,129 | $6,766,557 | $6,622,075 | $6,645,340 |
| NOW accounts | 4,212,047 | 4,195,369 | 4,052,397 | 3,900,999 | 3,939,802 | 4,203,754 | 3,963,995 |
| MMDA | 7,072,892 | 7,189,981 | 7,347,897 | 6,977,134 | 6,918,382 | 7,131,112 | 6,914,988 |
| Savings accounts | 774,903 | 760,258 | 754,439 | 756,383 | 766,331 | 767,621 | 766,738 |
| Retail CDs | 2,250,844 | 2,268,935 | 2,325,456 | 2,344,084 | 2,393,402 | 2,259,840 | 2,415,067 |
| Brokered CDs | 1,420,811 | 1,221,181 | 1,249,020 | 1,070,735 | 1,145,043 | 1,321,548 | 1,054,409 |
| Total Deposits | 22,426,987 | 22,183,567 | 22,397,329 | 21,898,464 | 21,929,517 | 22,305,950 | 21,760,537 |
| Non-Deposit Funding | |||||||
| Federal funds purchased and securities sold under agreements to repurchase | — | 1 | — | 1 | — | 1 | — |
| FHLB advances | 1,171,702 | 871,128 | 423,669 | 443,243 | 326,054 | 1,022,245 | 238,283 |
| Other borrowings | 9,768 | 9,899 | 9,920 | 169,994 | 193,492 | 9,833 | 193,493 |
| Subordinated deferrable interest debentures | 135,037 | 134,537 | 134,041 | 133,541 | 133,043 | 134,789 | 132,795 |
| Total Non-Deposit Funding | 1,316,507 | 1,015,565 | 567,630 | 746,779 | 652,589 | 1,166,868 | 564,571 |
| Total Funding | $23,743,494 | $23,199,132 | $22,964,959 | $22,645,243 | $22,582,106 | $23,472,818 | $22,325,108 |
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Interest Income and Interest Expense (TE) | Table 7 | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Interest Income | |||||||
| Interest-bearing deposits in banks | $8,270 | $8,040 | $8,922 | $9,993 | $10,715 | $16,310 | $21,504 |
| Debt securities - taxable | 30,217 | 25,474 | 24,886 | 23,253 | 20,696 | 55,691 | 39,188 |
| Debt securities - nontaxable (TE) | 485 | 473 | 535 | 434 | 423 | 958 | 839 |
| Loans held for sale | 9,478 | 9,000 | 11,233 | 11,237 | 11,578 | 18,478 | 20,623 |
| Loans (TE) | 318,079 | 309,732 | 313,467 | 311,082 | 305,154 | 627,811 | 601,118 |
| Total Earning Assets | $366,529 | $352,719 | $359,043 | $355,999 | $348,566 | $719,248 | $683,272 |
| Interest Expense | |||||||
| Interest-Bearing Deposits | |||||||
| NOW accounts | $18,925 | $18,106 | $18,508 | $18,230 | $18,144 | $37,031 | $36,450 |
| MMDA | 47,070 | 46,737 | 52,455 | 54,657 | 53,469 | 93,807 | 105,730 |
| Savings accounts | 688 | 679 | 734 | 813 | 826 | 1,367 | 1,656 |
| Retail CDs | 18,531 | 18,958 | 20,567 | 21,253 | 21,852 | 37,489 | 45,097 |
| Brokered CDs | 13,781 | 11,747 | 13,050 | 11,898 | 12,505 | 25,528 | 23,078 |
| Total Interest-Bearing Deposits | 98,995 | 96,227 | 105,314 | 106,851 | 106,796 | 195,222 | 212,011 |
| Non-Deposit Funding | |||||||
| FHLB advances | 11,182 | 8,179 | 4,347 | 4,863 | 3,508 | 19,361 | 4,870 |
| Other borrowings | 129 | 159 | 169 | 2,328 | 2,499 | 288 | 4,849 |
| Subordinated deferrable interest debentures | 2,785 | 2,770 | 2,926 | 3,040 | 3,022 | 5,555 | 6,034 |
| Total Non-Deposit Funding | 14,096 | 11,108 | 7,442 | 10,231 | 9,029 | 25,204 | 15,753 |
| Total Interest-Bearing Funding | $113,091 | $107,335 | $112,756 | $117,082 | $115,825 | $220,426 | $227,764 |
| Net Interest Income (TE) | $253,438 | $245,384 | $246,287 | $238,917 | $232,741 | $498,822 | $455,508 |
| AMERIS BANCORP AND SUBSIDIARIES | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | ||||||||||||||
| Yields(1) | Table 8 | |||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | ||||||||
| 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 | ||||||||
| Earning Assets | ||||||||||||||
| Interest-bearing deposits in banks | 3.75% | 3.71% | 4.00% | 4.48% | 4.52% | 3.73% | 4.49% | |||||||
| Debt securities - taxable | 4.48% | 4.08% | 4.06% | 4.04% | 3.92% | 4.29% | 3.84% | |||||||
| Debt securities - nontaxable (TE) | 4.33% | 4.24% | 4.69% | 3.84% | 4.11% | 4.29% | 4.09% | |||||||
| Loans held for sale | 6.04% | 5.92% | 5.87% | 6.31% | 6.35% | 5.98% | 6.41% | |||||||
| Loans (TE) | 5.81% | 5.82% | 5.84% | 5.87% | 5.85% | 5.82% | 5.83% | |||||||
| Total Earning Assets | 5.61% | 5.57% | 5.61% | 5.66% | 5.64% | 5.59% | 5.63% | |||||||
| Interest-Bearing Deposits | ||||||||||||||
| NOW accounts | 1.80% | 1.75% | 1.81% | 1.85% | 1.85% | 1.78% | 1.85% | |||||||
| MMDA | 2.67% | 2.64% | 2.83% | 3.11% | 3.10% | 2.65% | 3.08% | |||||||
| Savings accounts | 0.36% | 0.36% | 0.39% | 0.43% | 0.43% | 0.36% | 0.44% | |||||||
| Retail CDs | 3.30% | 3.39% | 3.51% | 3.60% | 3.66% | 3.35% | 3.77% | |||||||
| Brokered CDs | 3.89% | 3.90% | 4.15% | 4.41% | 4.38% | 3.90% | 4.41% | |||||||
| Total Interest-Bearing Deposits | 2.52% | 2.50% | 2.66% | 2.82% | 2.83% | 2.51% | 2.83% | |||||||
| Non-Deposit Funding | ||||||||||||||
| Federal funds purchased and securities sold under agreements to repurchase | — | % | — | % | — | % | — | % | — | % | — | % | — | % |
| FHLB advances | 3.83% | 3.81% | 4.07% | 4.35% | 4.32% | 3.82% | 4.12% | |||||||
| Other borrowings | 5.30% | 6.51% | 6.76% | 5.43% | 5.18% | 5.91% | 5.05% | |||||||
| Subordinated deferrable interest debentures | 8.27% | 8.35% | 8.66% | 9.03% | 9.11% | 8.31% | 9.16% | |||||||
| Total Non-Deposit Funding | 4.29% | 4.44% | 5.20% | 5.44% | 5.55% | 4.36% | 5.63% | |||||||
| Total Interest-Bearing Liabilities | 2.66% | 2.61% | 2.74% | 2.94% | 2.94% | 2.64% | 2.93% | |||||||
| Net Interest Spread | 2.95% | 2.96% | 2.87% | 2.72% | 2.70% | 2.95% | 2.70% | |||||||
| Net Interest Margin(2) | 3.88% | 3.88% | 3.85% | 3.80% | 3.77% | 3.88% | 3.75% | |||||||
| Total Cost of Funds(3) | 1.91% | 1.88% | 1.95% | 2.05% | 2.06% | 1.89% | 2.06% | |||||||
| (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. | ||||||||||||||
| (2) Rate calculated based on average earning assets. | ||||||||||||||
| (3) Rate calculated based on total average funding including noninterest-bearing deposits. |
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Non-GAAP Reconciliations | |||||||
| Adjusted Net Income | Table 9A | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands except per share data) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Net income available to common shareholders | $51,446 | $110,492 | $108,356 | $106,029 | $109,834 | $161,938 | $197,769 |
| Adjustment items: | |||||||
| Litigation accrual | 82,503 | — | — | — | — | 82,503 | — |
| Loss (gain) on sale of MSR | — | — | 1,127 | (125) | (356) | — | (342) |
| Gain on securities | (7,392) | — | (12) | (1,581) | — | (7,392) | (40) |
| Servicing right impairment (recovery) | — | — | 910 | — | — | — | — |
| Gain on BOLI proceeds | (846) | — | (220) | (390) | — | (846) | (11) |
| FDIC special assessment | — | — | (1,136) | (318) | (138) | — | — |
| Tax effect of adjustment items (Note 1) | (18,402) | — | (217) | 495 | 121 | (18,402) | 94 |
| After tax adjustment items | 55,863 | — | 452 | (1,919) | (373) | 55,863 | (299) |
| Adjusted net income | $107,309 | $110,492 | $108,808 | $104,110 | $109,461 | $217,801 | $197,470 |
| Weighted average number of shares - diluted | 67,099,941 | 67,766,997 | 68,328,365 | 68,665,669 | 68,796,577 | 67,430,193 | 68,912,750 |
| Net income per diluted share | $0.77 | $1.63 | $1.59 | $1.54 | $1.60 | $2.40 | $2.87 |
| Adjusted net income per diluted share | $1.60 | $1.63 | $1.59 | $1.52 | $1.59 | $3.23 | $2.87 |
| Average assets | $28,210,184 | $27,672,313 | $27,394,953 | $26,972,134 | $26,757,322 | $27,946,326 | $26,494,831 |
| Return on average assets | 0.73% | 1.62% | 1.57% | 1.56% | 1.65% | 1.17% | 1.51% |
| Adjusted return on average assets | 1.53% | 1.62% | 1.58% | 1.53% | 1.64% | 1.57% | 1.50% |
| Average common equity | $4,122,923 | $4,107,670 | $4,044,338 | $3,964,207 | $3,865,031 | $4,115,344 | $3,831,775 |
| Average tangible common equity | $3,057,445 | $3,039,019 | $2,971,985 | $2,887,961 | $2,784,819 | $3,048,288 | $2,749,529 |
| Return on average common equity | 5.00% | 10.91% | 10.63% | 10.61% | 11.40% | 7.94% | 10.41% |
| Return on average tangible common equity | 6.75% | 14.75% | 14.46% | 14.57% | 15.82% | 10.71% | 14.50% |
| Adjusted return on average tangible common equity | 14.08% | 14.75% | 14.53% | 14.29% | 15.76% | 14.41% | 14.48% |
| Note 1: Tax effect is calculated utilizing a 24.5% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. |
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Non-GAAP Reconciliations (continued) | |||||||
| Adjusted Efficiency Ratio | Table 9B | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Adjusted Noninterest Expense | |||||||
| Total noninterest expense | $242,714 | $157,080 | $143,090 | $154,566 | $155,260 | $399,794 | $306,294 |
| Adjustment items: | |||||||
| Litigation accrual | (82,503) | — | — | — | — | (82,503) | — |
| FDIC special assessment | — | — | 1,136 | 318 | 138 | — | — |
| Adjusted noninterest expense | $160,211 | $157,080 | $144,226 | $154,884 | $155,398 | $317,291 | $306,294 |
| Adjusted Total Revenue | |||||||
| Net interest income | $252,484 | $244,436 | $245,307 | $237,964 | $231,813 | $496,920 | $453,652 |
| Noninterest income | 73,532 | 69,920 | 61,827 | 76,274 | 68,911 | 143,452 | 132,934 |
| Total revenue | 326,016 | 314,356 | 307,134 | 314,238 | 300,724 | $640,372 | $586,586 |
| Adjustment items: | |||||||
| Gain on securities | (7,392) | — | (12) | (1,581) | — | (7,392) | (40) |
| (Gain)/loss on sale of MSR | — | — | 1,127 | (125) | (356) | — | (342) |
| Gain on BOLI proceeds | (846) | — | (220) | (390) | — | (846) | (11) |
| Servicing right impairment (recovery) | — | — | 910 | — | — | — | — |
| Adjusted total revenue | $317,778 | $314,356 | $308,939 | $312,142 | $300,368 | $632,134 | $586,193 |
| Efficiency ratio | 74.45% | 49.97% | 46.59% | 49.19% | 51.63% | 62.43% | 52.22% |
| Adjusted efficiency ratio | 50.42% | 49.97% | 46.68% | 49.62% | 51.74% | 50.19% | 52.25% |
| Tangible Book Value Per Share | Table 9C | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands except per share data) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Total shareholders' equity | $4,090,577 | $4,082,127 | $4,076,028 | $4,016,701 | $3,917,678 | $4,090,577 | $3,917,678 |
| Less: | |||||||
| Goodwill | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 |
| Other intangibles, net | 48,317 | 51,430 | 54,824 | 58,703 | 62,582 | 48,317 | 62,582 |
| Total tangible shareholders' equity | $3,026,614 | $3,015,051 | $3,005,558 | $2,942,352 | $2,839,450 | $3,026,614 | $2,839,450 |
| Period end number of shares | 67,106,587 | 67,320,298 | 68,022,316 | 68,587,742 | 68,711,043 | 67,106,587 | 68,711,043 |
| Book value per share (period end) | $60.96 | $60.64 | $59.92 | $58.56 | $57.02 | $60.96 | $57.02 |
| Tangible book value per share (period end) | $45.10 | $44.79 | $44.18 | $42.90 | $41.32 | $45.10 | $41.32 |
| AMERIS BANCORP AND SUBSIDIARIES | |||||
|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||
| Non-GAAP Reconciliations (continued) | |||||
| Tangible Common Equity to Tangible Assets ("TCE Ratio") | Table 9D | ||||
| Jun | Mar | Dec | Sep | Jun | |
| (dollars in thousands except per share data) | 2026 | 2026 | 2025 | 2025 | 2025 |
| Total shareholders' equity | $4,090,577 | $4,082,127 | $4,076,028 | $4,016,701 | $3,917,678 |
| Less: | |||||
| Goodwill | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 |
| Other intangibles, net | 48,317 | 51,430 | 54,824 | 58,703 | 62,582 |
| Total tangible shareholders' equity | $3,026,614 | $3,015,051 | $3,005,558 | $2,942,352 | $2,839,450 |
| Total assets | $28,488,843 | $28,109,935 | $27,515,879 | $27,099,829 | $26,680,153 |
| Less: | |||||
| Goodwill | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 |
| Other intangibles, net | 48,317 | 51,430 | 54,824 | 58,703 | 62,582 |
| Total tangible assets | $27,424,880 | $27,042,859 | $26,445,409 | $26,025,480 | $25,601,925 |
| Equity to Assets | 14.36% | 14.52% | 14.81% | 14.82% | 14.68% |
| Tangible Common Equity to Tangible Assets | 11.04% | 11.15% | 11.37% | 11.31% | 11.09% |
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Segment Reporting | Table 10 | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Retail Mortgage Division | |||||||
| Net interest income | $15,844 | $16,828 | $19,312 | $20,179 | $22,031 | $32,672 | $43,875 |
| Provision for credit losses | (3,346) | 3,074 | (3,142) | 529 | 1,010 | (272) | 6,201 |
| Noninterest income | 32,151 | 36,316 | 30,056 | 40,081 | 37,726 | 68,467 | 72,455 |
| Noninterest expense | |||||||
| Salaries and employee benefits | 21,493 | 21,912 | 21,413 | 21,589 | 24,358 | 43,405 | 45,353 |
| Occupancy and equipment expenses | 685 | 649 | 754 | 760 | 811 | 1,334 | 1,640 |
| Data processing and telecommunications expenses | 1,302 | 1,224 | 1,315 | 1,232 | 1,391 | 2,526 | 2,688 |
| Other noninterest expenses | 11,587 | 12,532 | 11,547 | 12,480 | 12,496 | 24,119 | 24,459 |
| Total noninterest expense | 35,067 | 36,317 | 35,029 | 36,061 | 39,056 | 71,384 | 74,140 |
| Income before income tax expense | 16,274 | 13,753 | 17,481 | 23,670 | 19,691 | 30,027 | 35,989 |
| Income tax expense | 3,417 | 2,888 | 3,671 | 4,970 | 4,135 | 6,305 | 7,558 |
| Net income | $12,857 | $10,865 | $13,810 | $18,700 | $15,556 | $23,722 | $28,431 |
| Warehouse Lending Division | |||||||
| Net interest income | $8,825 | $7,594 | $7,430 | $7,474 | $7,091 | $16,419 | $12,993 |
| Provision for credit losses | 184 | 177 | 129 | 23 | 369 | 361 | 194 |
| Noninterest income | 794 | 796 | 736 | 756 | 1,893 | 1,590 | 2,447 |
| Noninterest expense | |||||||
| Salaries and employee benefits | 468 | 544 | 556 | 566 | 618 | 1,012 | 1,170 |
| Occupancy and equipment expenses | 7 | 8 | 7 | 7 | 7 | 15 | 14 |
| Data processing and telecommunications expenses | 59 | 35 | 54 | 57 | 59 | 94 | 97 |
| Other noninterest expenses | 184 | 179 | 195 | 195 | 96 | 363 | 366 |
| Total noninterest expense | 718 | 766 | 812 | 825 | 780 | 1,484 | 1,647 |
| Income before income tax expense | 8,717 | 7,447 | 7,225 | 7,382 | 7,835 | 16,164 | 13,599 |
| Income tax expense | 1,831 | 1,564 | 1,517 | 1,550 | 1,646 | 3,395 | 2,856 |
| Net income | $6,886 | $5,883 | $5,708 | $5,832 | $6,189 | $12,769 | $10,743 |
| Premium Finance Division | |||||||
| Net interest income | $12,515 | $11,647 | $11,802 | $12,251 | $11,190 | $24,162 | $21,070 |
| Provision for credit losses | 417 | 1,447 | 926 | 461 | 716 | 1,864 | 1,172 |
| Noninterest income | 18 | 17 | 17 | 18 | 17 | 35 | 33 |
| Noninterest expense | |||||||
| Salaries and employee benefits | 2,865 | 2,664 | 2,446 | 2,492 | 2,331 | 5,529 | 4,683 |
| Occupancy and equipment expenses | 40 | 38 | 37 | 39 | 36 | 78 | 73 |
| Data processing and telecommunications expenses | 169 | 186 | 106 | 101 | 91 | 355 | 220 |
| Other noninterest expenses | 390 | 687 | 1,240 | 1,075 | 1,115 | 1,077 | 2,084 |
| Total noninterest expense | 3,464 | 3,575 | 3,829 | 3,707 | 3,573 | 7,039 | 7,060 |
| Income before income tax expense | 8,652 | 6,642 | 7,064 | 8,101 | 6,918 | 15,294 | 12,871 |
| Income tax expense | 1,817 | 1,384 | 1,450 | 1,669 | 1,410 | 3,201 | 2,624 |
| Net income | $6,835 | $5,258 | $5,614 | $6,432 | $5,508 | $12,093 | $10,247 |
| AMERIS BANCORP AND SUBSIDIARIES | |||||||
|---|---|---|---|---|---|---|---|
| FINANCIAL TABLES | |||||||
| Segment Reporting (continued) | Table 10 | ||||||
| Three Months Ended | Six Months Ended | ||||||
| Jun | Mar | Dec | Sep | Jun | Jun | Jun | |
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | 2026 | 2025 |
| Banking Division | |||||||
| Net interest income | $215,300 | $208,367 | $206,763 | $198,060 | $191,501 | $423,667 | $375,714 |
| Provision for credit losses | 19,998 | 11,853 | 25,037 | 21,617 | 677 | 31,851 | 17,097 |
| Noninterest income | 40,569 | 32,791 | 31,018 | 35,419 | 29,275 | 73,360 | 57,999 |
| Noninterest expense | |||||||
| Salaries and employee benefits | 66,668 | 66,246 | 57,582 | 66,301 | 62,001 | 132,914 | 124,717 |
| Occupancy and equipment expenses | 11,823 | 10,930 | 10,523 | 10,718 | 10,547 | 22,753 | 20,351 |
| Data processing and telecommunications expenses | 14,041 | 15,348 | 14,761 | 14,668 | 13,825 | 29,389 | 27,216 |
| Other noninterest expenses | 110,933 | 23,898 | 20,554 | 22,286 | 25,478 | 134,831 | 51,163 |
| Total noninterest expense | 203,465 | 116,422 | 103,420 | 113,973 | 111,851 | 319,887 | 223,447 |
| Income before income tax expense | 32,406 | 112,883 | 109,324 | 97,889 | 108,248 | 145,289 | 193,169 |
| Income tax expense | 7,538 | 24,397 | 26,100 | 22,824 | 25,667 | 31,935 | 44,821 |
| Net income | $24,868 | $88,486 | $83,224 | $75,065 | $82,581 | $113,354 | $148,348 |
| Total Consolidated | |||||||
| Net interest income | $252,484 | $244,436 | $245,307 | $237,964 | $231,813 | $496,920 | $453,652 |
| Provision for credit losses | 17,253 | 16,551 | 22,950 | 22,630 | 2,772 | 33,804 | 24,664 |
| Noninterest income | 73,532 | 69,920 | 61,827 | 76,274 | 68,911 | 143,452 | 132,934 |
| Noninterest expense | |||||||
| Salaries and employee benefits | 91,494 | 91,366 | 81,997 | 90,948 | 89,308 | 182,860 | 175,923 |
| Occupancy and equipment expenses | 12,555 | 11,625 | 11,321 | 11,524 | 11,401 | 24,180 | 22,078 |
| Data processing and telecommunications expenses | 15,571 | 16,793 | 16,236 | 16,058 | 15,366 | 32,364 | 30,221 |
| Other noninterest expenses | 123,094 | 37,296 | 33,536 | 36,036 | 39,185 | 160,390 | 78,072 |
| Total noninterest expense | 242,714 | 157,080 | 143,090 | 154,566 | 155,260 | 399,794 | 306,294 |
| Income before income tax expense | 66,049 | 140,725 | 141,094 | 137,042 | 142,692 | 206,774 | 255,628 |
| Income tax expense | 14,603 | 30,233 | 32,738 | 31,013 | 32,858 | 44,836 | 57,859 |
| Net income | $51,446 | $110,492 | $108,356 | $106,029 | $109,834 | $161,938 | $197,769 |
