Document
News Release
AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND
RECORD FULL YEAR 2025 FINANCIAL RESULTS
Highlights of Ameris’s results for the fourth quarter of 2025 include the following:
•Net income of $108.4 million, or $1.59 per diluted share
•Return on average assets ("ROA") of 1.57%
•Return on average tangible common equity(1) of 14.46%
•Efficiency ratio improvement to 46.59%
•Earning asset growth of $374.0 million, or 5.9% annualized
•Net interest margin (TE) expansion of five bps to 3.85% for the fourth quarter of 2025
•Growth in net interest income of $7.3 million, or 12.2% annualized, from third quarter of 2025
•Loan growth of $255.1 million, or 4.8% annualized
•Tangible book value(1) growth of $1.28 per share, or 11.8% annualized, to $44.18 at December 31, 2025
•Increased share repurchases totaling $40.8 million of stock, or 563,798 shares, in the quarter
Highlights of Ameris’s results for the full year of 2025 include the following:
•Net income of $412.2 million, or $6.00 per diluted share
•ROA of 1.54%
•Return on average tangible common equity(1) of 14.49%
•Net interest margin (TE) of 3.79% for the full year 2025
•Earning asset growth of $1.32 billion, or 5.5%
•Total deposits increase of $653.5 million, or 3.0%
•Tangible book value(1) growth of $5.59 per share, or 14.5%, to $44.18 at December 31, 2025
•TCE ratio(1) of 11.37%, compared with 10.59% one year ago
•Allowance for loan losses of 1.62% of loans at December 31, 2025
•Decline in net charge-offs to 0.18% of average total loans
ATLANTA, GA, January 29, 2026 - Ameris Bancorp (NYSE: ABCB) (the "Company") today reported net income of $108.4 million, or $1.59 per diluted share, for the quarter ended December 31, 2025, compared with $94.4 million, or $1.37 per diluted share, for the quarter ended December 31, 2024.
For the year ended December 31, 2025, the Company reported net income of $412.2 million, or $6.00 per diluted share, compared with $358.7 million, or $5.19 per diluted share, for the same period in 2024. The increase in net income was primarily attributable to an increase in net interest income of $87.7 million, or 10.3%, over the same period.
Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, "We are proud of our fourth quarter performance and the strong finish to another successful year for Ameris. We remained disciplined and focused on core profitability and enhancing franchise value for our shareholders. This is highlighted by our strong ROA of 1.54%, profitable asset growth that drove margin expansion and positive operating leverage, all accomplished while growing tangible book value over 14% during the year. We reinvested in ourselves, utilizing our share buyback authorization to purchase over $77 million of our common stock in 2025. Given our proven track record and robust capital levels, we are well positioned to capitalize on the growth opportunity across our Southeast footprint going forward."
Net Interest Income and Net Interest Margin
Net interest income on a tax-equivalent basis (TE) was $246.3 million in the fourth quarter of 2025, an increase of $7.4 million, or 3.1%, from last quarter and $23.5 million, or 10.6%, compared with the fourth quarter of 2024. The Company's net interest margin expanded to 3.85% for the fourth quarter of 2025, a five basis point increase from 3.80% reported for the third quarter of 2025 and a 21 basis point improvement from the 3.64% reported for the fourth quarter of 2024. The increase in net interest margin is primarily attributable to decreased deposit costs and the redemptions of subordinated debt during the third and fourth quarters of 2025.
Net interest income on a tax-equivalent basis for the full year 2025 increased $87.7 million to $940.7 million, compared with $853.0 million for 2024. The increase in net interest income is primarily attributable to decreased yields on interest-bearing deposits compared with the prior year. Interest income on a tax-equivalent basis increased $16.2 million, while interest-bearing deposit funding costs decreased by $60.5 million and non-deposit funding costs decreased by $11.0 million. The Company's net interest margin was 3.79% for 2025, compared with 3.56% for 2024.
Yields on earning assets decreased five basis points during the quarter to 5.61%, compared with 5.66% in the third quarter of 2025. This decrease is primarily related to a decrease in yields on loans from 5.87% for the third quarter of 2025 to 5.84% during the fourth quarter of 2025. Compared with the fourth quarter of 2024, yields on earning assets decreased six basis points from 5.67%, and loan yields decreased three basis points from 5.87%.
The Company’s total cost of funds was 1.95% in the fourth quarter of 2025, a decrease of 10 and 27 basis points compared with the third quarter of 2025 and fourth quarter of 2024, respectively. Deposit costs decreased seven basis points during the fourth quarter of 2025 to 1.87%, compared with 1.94% in the third quarter of 2025. Costs of interest-bearing deposits decreased from 2.82% in the third quarter of 2025 to 2.66% in the fourth quarter of 2025, with average balance increases in NOW, money market, and brokered deposit accounts being offset by decreased costs across all deposit categories.
Noninterest Income
Noninterest income decreased $14.4 million, or 18.9%, in the fourth quarter of 2025 to $61.8 million, compared with $76.3 million for the third quarter of 2025. Mortgage banking activity decreased by $8.8 million, or 21.6%, to $31.9 million in the fourth quarter of 2025, compared with $40.7 million for the third quarter of 2025. Total production in the retail mortgage division increased $120.8 million, or 11.0%, to $1.22 billion in the fourth quarter of 2025, compared with $1.09 billion for the third quarter of 2025. The retail mortgage open pipeline was $701.9 million at the end of the fourth quarter of 2025, compared with $787.2 million for the third quarter of 2025. Gain on sale spreads were flat in the fourth quarter of 2025 compared with the third quarter of 2025, remaining at 2.20%. Additionally, gain on sale securities decreased $1.6 million in the fourth quarter of 2025 compared with the third quarter of 2025.
Other noninterest income decreased $3.8 million, or 37.5% in the fourth quarter of 2025 compared with the third quarter. Included in other noninterest income in the fourth quarter of 2025 was a loss on the sale of mortgage servicing rights of $1.1 million compared with a gain of $125,000 in the third quarter of 2025, a servicing right impairment of $910,000 that did not occur in the prior quarter, and losses of $9,000 and $1.0 million on the sale of SBA loans and debt redemption, respectively, compared with gains of $427,000 and $572,000, respectively, in the third quarter of 2025. These decreases were partially offset by increases in merchant fee income and BOLI income of $494,000 and $321,000, respectively, compared with the prior quarter.
For the full year 2025, noninterest income decreased $22.2 million, or 7.6%, to $271.0 million, compared with $293.3 million for 2024. Mortgage banking activity decreased by $13.5 million, or 8.4%, to $147.0 million in 2025, compared with $160.5 million in 2024. Production in the retail mortgage division decreased to $4.51 billion in 2025, compared with $4.63 billion in 2024, while gain on sale spreads decreased to 2.20% in 2025 from 2.37% in 2024. Gain (loss) on securities decreased $10.7 million, or 86.7%, as the Company recorded a gain on conversion of Visa Class B stock and related realized gain (loss) on subsequent sales totaling $12.3 million in 2024, compared with realized gains on other investments of $1.6 million during 2025. Other noninterest income decreased $10.5 million, or 24.2%, in 2025, compared with 2024. This decrease primarily resulted from a net loss on sale of MSR of $660,000 in 2025, compared with a gain of $10.5 million in 2024.
Noninterest Expense
The Company has remained disciplined on expense control, with noninterest expense decreasing $11.5 million, or 7.4%, in the fourth quarter of 2025 to $143.1 million, compared with $154.6 million for the third quarter of 2025. Salaries and employee benefits decreased $9.0 million, primarily due to decreases in incentive compensation, healthcare costs and 401(k) expenses. Advertising and marketing expenses decreased $1.4 million, primarily due to a marketing campaign that ended early in the fourth quarter of 2025. Loan servicing expenses decreased $875,000 compared with the third quarter of 2025, largely due to the sale of mortgage servicing rights in the third quarter. Management continues to focus on operating efficiency, and the adjusted efficiency ratio(1) improved to 46.54% in the fourth quarter of 2025, compared with 49.47% in the third quarter of 2025.
For the full year 2025, noninterest expense decreased $3.8 million, or 0.6%, to $604.0 million, compared with $607.8 million in 2024. This decrease primarily resulted from decreases in loan servicing expenses and occupancy and equipment expenses of $5.0 million and $3.9 million, respectively. Loan servicing expenses decreased due to the sale of mortgage servicing rights during both 2024 and 2025. The decrease in occupancy and equipment expenses was attributable to lower depreciation, repairs and maintenance, and rental expense. These decreases were partially offset by a $2.8 million increase in data processing and communication expenses, relating to continued technology investments, and a $2.2 million increase in other noninterest expenses, including professional fees and debit card losses.
Income Tax Expense
The Company's effective tax rate for 2025 was 22.8%, compared with 24.6% for 2024. The Company's effective tax rate for the fourth quarter of 2025 was 23.2%, compared with 22.6% for the third quarter of 2025. The increased rate for the fourth quarter of 2025 resulted primarily from a return to provision adjustment made when the Company filed its 2024 income tax returns in the fourth quarter of 2025.
Balance Sheet Trends
Total assets at December 31, 2025 were $27.52 billion, compared with $27.10 billion at September 30, 2025 and $26.26 billion at December 31, 2024. During the fourth quarter of 2025, loans, net of unearned income, increased $255.1 million, or 4.8% annualized. Unfunded commitments increased $282.6 million during the fourth quarter of 2025, due to strong production during the quarter. Loans held for sale increased to $623.2 million at December 31, 2025 from $528.6 million at December 31, 2024. Debt securities available-for-sale increased to $2.21 billion, compared with $1.67 billion at December 31, 2024.
At December 31, 2025, total deposits amounted to $22.38 billion, compared with $21.72 billion at December 31, 2024. During the fourth quarter of 2025, deposits increased $147.9 million, with money market accounts increasing $471.7 million, interest bearing demand accounts increasing $33.0 million and savings accounts increasing $8.3 million, with such increases offset in part by a decrease in noninterest bearing accounts of $331.1 million, a decrease in retail CDs of $33.6 million and a decrease in brokered CDs of $403,000. Noninterest bearing accounts represented 28.7% of total deposits, compared with 30.4% at September 30, 2025 and 29.9% at December 31, 2024.
Shareholders’ equity at December 31, 2025 totaled $4.08 billion, an increase of $324.5 million, or 8.6%, from December 31, 2024. The increase in shareholders’ equity was primarily the result of earnings of $412.2 million during the full year of 2025 and an improvement in other comprehensive income of $38.4 million resulting from changes in interest rates on the Company's investment portfolio, partially offset by dividends declared and share repurchases. Tangible book value per share(1) increased $5.59 per share, or 14.5%, during the full year of 2025 to $44.18 at December 31, 2025. Tangible common equity as a percentage of tangible assets was 11.37% at December 31, 2025, compared with 10.59% at the end of 2024. The Company repurchased 563,798 shares of its common stock during the quarter ended December 31, 2025.
Credit Quality
During the fourth quarter of 2025, the Company recorded a provision for credit losses of $23.0 million, with the allowance for credit losses remaining stable at 1.62% of loans, compared with a provision of $22.6 million in the third quarter of 2025. Nonperforming assets as a percentage of total assets increased four basis points to 0.44% during the quarter. Approximately $24.3 million, or 20.2%, of the nonperforming assets at December 31, 2025 were GNMA-guaranteed mortgage loans, which have minimal loss exposure. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets was relatively flat, having increased two basis points to 0.35% at December 31, 2025, compared with 0.33% at the end of the third quarter of 2025. The net charge-off ratio was 26 basis points for the fourth quarter of 2025, compared with 14 basis points in the third quarter of 2025. For the full year 2025, the net charge-off ratio decreased one basis point to 18 basis points, compared with 19 basis points for 2024.
Conference Call
The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, January 30, 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 February 6, 2026. To listen to the replay, dial 1-855-669-9658. The conference replay access code is 2935441. 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 163 financial centers across the Southeast and also serves consumer and business customers nationwide through select lending channels. Ameris manages $27.5 billion in assets as of December 31, 2025, 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 current expectations 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 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 and assumptions regarding 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 takeovers; 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, 2024 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and, except as required by law, the Company undertakes no obligation to update or revise forward-looking statements.
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 | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands except per share data) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| EARNINGS | |||||||||||||||||||||||||||||||||||||||||
| Net income | $ | 108,356 | $ | 106,029 | $ | 109,834 | $ | 87,935 | $ | 94,376 | $ | 412,154 | $ | 358,685 | |||||||||||||||||||||||||||
Adjusted net income(1) | $ | 108,848 | $ | 105,289 | $ | 109,444 | $ | 88,044 | $ | 95,078 | $ | 411,625 | $ | 346,640 | |||||||||||||||||||||||||||
| COMMON SHARE DATA | |||||||||||||||||||||||||||||||||||||||||
| Earnings per share available to common shareholders | |||||||||||||||||||||||||||||||||||||||||
| Basic | $ | 1.59 | $ | 1.55 | $ | 1.60 | $ | 1.28 | $ | 1.37 | $ | 6.02 | $ | 5.21 | |||||||||||||||||||||||||||
| Diluted | $ | 1.59 | $ | 1.54 | $ | 1.60 | $ | 1.27 | $ | 1.37 | $ | 6.00 | $ | 5.19 | |||||||||||||||||||||||||||
Adjusted diluted EPS(1) | $ | 1.59 | $ | 1.53 | $ | 1.59 | $ | 1.28 | $ | 1.38 | $ | 5.99 | $ | 5.02 | |||||||||||||||||||||||||||
| Cash dividends per share | $ | 0.20 | $ | 0.20 | $ | 0.20 | $ | 0.20 | $ | 0.20 | $ | 0.80 | $ | 0.65 | |||||||||||||||||||||||||||
| Book value per share (period end) | $ | 59.92 | $ | 58.56 | $ | 57.02 | $ | 55.49 | $ | 54.32 | $ | 59.92 | $ | 54.32 | |||||||||||||||||||||||||||
Tangible book value per share (period end)(1) | $ | 44.18 | $ | 42.90 | $ | 41.32 | $ | 39.78 | $ | 38.59 | $ | 44.18 | $ | 38.59 | |||||||||||||||||||||||||||
| Weighted average number of shares | |||||||||||||||||||||||||||||||||||||||||
| Basic | 68,022,346 | 68,401,737 | 68,594,608 | 68,785,458 | 68,799,464 | 68,448,812 | 68,808,830 | ||||||||||||||||||||||||||||||||||
| Diluted | 68,328,365 | 68,665,669 | 68,796,577 | 69,030,331 | 69,128,946 | 68,705,914 | 69,061,832 | ||||||||||||||||||||||||||||||||||
| Period end number of shares | 68,022,316 | 68,587,742 | 68,711,043 | 68,910,924 | 69,068,609 | 68,022,316 | 69,068,609 | ||||||||||||||||||||||||||||||||||
| Market data | |||||||||||||||||||||||||||||||||||||||||
| High intraday price | $ | 78.99 | $ | 76.58 | $ | 65.43 | $ | 68.85 | $ | 74.56 | $ | 78.99 | $ | 74.56 | |||||||||||||||||||||||||||
| Low intraday price | $ | 68.80 | $ | 64.30 | $ | 48.27 | $ | 55.32 | $ | 59.12 | $ | 48.27 | $ | 44.00 | |||||||||||||||||||||||||||
| Period end closing price | $ | 74.27 | $ | 73.31 | $ | 64.70 | $ | 57.57 | $ | 62.57 | $ | 74.27 | $ | 62.57 | |||||||||||||||||||||||||||
| Average daily volume | 448,341 | 435,766 | 416,355 | 430,737 | 384,406 | 432,964 | 368,293 | ||||||||||||||||||||||||||||||||||
| PERFORMANCE RATIOS | |||||||||||||||||||||||||||||||||||||||||
| Return on average assets | 1.57 | % | 1.56 | % | 1.65 | % | 1.36 | % | 1.42 | % | 1.54 | % | 1.38 | % | |||||||||||||||||||||||||||
Adjusted return on average assets(1) | 1.58 | % | 1.55 | % | 1.64 | % | 1.36 | % | 1.43 | % | 1.53 | % | 1.33 | % | |||||||||||||||||||||||||||
| Return on average common equity | 10.63 | % | 10.61 | % | 11.40 | % | 9.39 | % | 10.09 | % | 10.52 | % | 10.01 | % | |||||||||||||||||||||||||||
Adjusted return on average tangible common equity(1) | 14.53 | % | 14.46 | % | 15.76 | % | 13.16 | % | 14.37 | % | 14.49 | % | 13.93 | % | |||||||||||||||||||||||||||
| Earning asset yield (TE) | 5.61 | % | 5.66 | % | 5.64 | % | 5.61 | % | 5.67 | % | 5.63 | % | 5.77 | % | |||||||||||||||||||||||||||
| Total cost of funds | 1.95 | % | 2.05 | % | 2.06 | % | 2.06 | % | 2.22 | % | 2.03 | % | 2.40 | % | |||||||||||||||||||||||||||
| Net interest margin (TE) | 3.85 | % | 3.80 | % | 3.77 | % | 3.73 | % | 3.64 | % | 3.79 | % | 3.56 | % | |||||||||||||||||||||||||||
| Efficiency ratio | 46.59 | % | 49.19 | % | 51.63 | % | 52.83 | % | 52.26 | % | 50.00 | % | 53.20 | % | |||||||||||||||||||||||||||
Adjusted efficiency ratio (TE)(1) | 46.54 | % | 49.47 | % | 51.58 | % | 52.62 | % | 51.82 | % | 49.99 | % | 53.88 | % | |||||||||||||||||||||||||||
| CAPITAL ADEQUACY (period end) | |||||||||||||||||||||||||||||||||||||||||
| Shareholders' equity to assets | 14.81 | % | 14.82 | % | 14.68 | % | 14.42 | % | 14.28 | % | 14.81 | % | 14.28 | % | |||||||||||||||||||||||||||
Tangible common equity to tangible assets(1) | 11.37 | % | 11.31 | % | 11.09 | % | 10.78 | % | 10.59 | % | 11.37 | % | 10.59 | % | |||||||||||||||||||||||||||
| OTHER DATA (period end) | |||||||||||||||||||||||||||||||||||||||||
| Full time equivalent employees | |||||||||||||||||||||||||||||||||||||||||
| Banking Division | 2,043 | 2,068 | 2,036 | 2,045 | 2,021 | 2,043 | 2,021 | ||||||||||||||||||||||||||||||||||
| Retail Mortgage Division | 538 | 546 | 550 | 577 | 585 | 538 | 585 | ||||||||||||||||||||||||||||||||||
| Warehouse Lending Division | 7 | 8 | 8 | 7 | 8 | 7 | 8 | ||||||||||||||||||||||||||||||||||
| Premium Finance Division | 85 | 78 | 78 | 81 | 77 | 85 | 77 | ||||||||||||||||||||||||||||||||||
| Total Ameris Bancorp FTE headcount | 2,673 | 2,700 | 2,672 | 2,710 | 2,691 | 2,673 | 2,691 | ||||||||||||||||||||||||||||||||||
| Branch locations | 163 | 164 | 164 | 164 | 164 | 163 | 164 | ||||||||||||||||||||||||||||||||||
| Deposits per branch location | $ | 137,276 | $ | 135,537 | $ | 133,736 | $ | 133,612 | $ | 132,454 | $ | 137,276 | $ | 132,454 | |||||||||||||||||||||||||||
(1)Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D | |||||||||||||||||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
| Income Statement | Table 2 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands except per share data) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Interest income | |||||||||||||||||||||||||||||||||||||||||
| Interest and fees on loans | $ | 323,833 | $ | 321,457 | $ | 315,893 | $ | 304,168 | $ | 318,843 | $ | 1,265,351 | $ | 1,265,522 | |||||||||||||||||||||||||||
| Interest on taxable securities | 24,886 | 23,253 | 20,696 | 18,492 | 15,923 | 87,327 | 61,518 | ||||||||||||||||||||||||||||||||||
| Interest on nontaxable securities | 422 | 343 | 334 | 329 | 337 | 1,428 | 1,338 | ||||||||||||||||||||||||||||||||||
| Interest on deposits in other banks | 8,922 | 9,993 | 10,715 | 10,789 | 11,260 | 40,419 | 49,906 | ||||||||||||||||||||||||||||||||||
| Total interest income | 358,063 | 355,046 | 347,638 | 333,778 | 346,363 | 1,394,525 | 1,378,284 | ||||||||||||||||||||||||||||||||||
| Interest expense | |||||||||||||||||||||||||||||||||||||||||
| Interest on deposits | 105,314 | 106,851 | 106,796 | 105,215 | 115,556 | 424,176 | 484,673 | ||||||||||||||||||||||||||||||||||
| Interest on other borrowings | 7,442 | 10,231 | 9,029 | 6,724 | 8,986 | 33,426 | 44,421 | ||||||||||||||||||||||||||||||||||
| Total interest expense | 112,756 | 117,082 | 115,825 | 111,939 | 124,542 | 457,602 | 529,094 | ||||||||||||||||||||||||||||||||||
| Net interest income | 245,307 | 237,964 | 231,813 | 221,839 | 221,821 | 936,923 | 849,190 | ||||||||||||||||||||||||||||||||||
| Provision for loan losses | 16,601 | 11,176 | 3,110 | 16,519 | 12,657 | 47,406 | 69,841 | ||||||||||||||||||||||||||||||||||
| Provision for unfunded commitments | 6,348 | 11,446 | (335) | 5,373 | 148 | 22,832 | (11,048) | ||||||||||||||||||||||||||||||||||
| Provision for other credit losses | 1 | 8 | (3) | — | 3 | 6 | — | ||||||||||||||||||||||||||||||||||
| Provision for credit losses | 22,950 | 22,630 | 2,772 | 21,892 | 12,808 | 70,244 | 58,793 | ||||||||||||||||||||||||||||||||||
| Net interest income after provision for credit losses | 222,357 | 215,334 | 229,041 | 199,947 | 209,013 | 866,679 | 790,397 | ||||||||||||||||||||||||||||||||||
| Noninterest income | |||||||||||||||||||||||||||||||||||||||||
| Service charges on deposit accounts | 14,088 | 13,931 | 13,493 | 13,133 | 13,544 | 54,645 | 50,893 | ||||||||||||||||||||||||||||||||||
| Mortgage banking activity | 31,874 | 40,666 | 39,221 | 35,254 | 36,699 | 147,015 | 160,475 | ||||||||||||||||||||||||||||||||||
| Other service charges, commissions and fees | 1,102 | 1,124 | 1,158 | 1,109 | 1,182 | 4,493 | 4,758 | ||||||||||||||||||||||||||||||||||
| Gain (loss) on securities | 12 | 1,581 | — | 40 | (16) | 1,633 | 12,304 | ||||||||||||||||||||||||||||||||||
| Equipment finance activity | 8,434 | 8,858 | 6,572 | 6,698 | 5,947 | 30,562 | 21,664 | ||||||||||||||||||||||||||||||||||
| Other noninterest income | 6,317 | 10,114 | 8,467 | 7,789 | 11,603 | 32,687 | 43,163 | ||||||||||||||||||||||||||||||||||
| Total noninterest income | 61,827 | 76,274 | 68,911 | 64,023 | 68,959 | 271,035 | 293,257 | ||||||||||||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||||||||||||||
| Salaries and employee benefits | 81,997 | 90,948 | 89,308 | 86,615 | 87,810 | 348,868 | 347,641 | ||||||||||||||||||||||||||||||||||
| Occupancy and equipment | 11,321 | 11,524 | 11,401 | 10,677 | 11,624 | 44,923 | 48,784 | ||||||||||||||||||||||||||||||||||
| Data processing and communications expenses | 16,236 | 16,058 | 15,366 | 14,855 | 14,631 | 62,515 | 59,699 | ||||||||||||||||||||||||||||||||||
Credit resolution-related expenses(1) | 953 | 770 | 657 | 765 | 1,271 | 3,145 | 2,487 | ||||||||||||||||||||||||||||||||||
| Advertising and marketing | 1,984 | 3,377 | 3,745 | 2,883 | 2,730 | 11,989 | 12,612 | ||||||||||||||||||||||||||||||||||
| Amortization of intangible assets | 3,879 | 3,879 | 4,076 | 4,103 | 4,180 | 15,937 | 17,189 | ||||||||||||||||||||||||||||||||||
| Loan servicing expenses | 7,267 | 8,142 | 7,897 | 7,823 | 8,300 | 31,129 | 36,157 | ||||||||||||||||||||||||||||||||||
| Other noninterest expenses | 19,453 | 19,868 | 22,810 | 23,313 | 21,403 | 85,444 | 83,225 | ||||||||||||||||||||||||||||||||||
| Total noninterest expense | 143,090 | 154,566 | 155,260 | 151,034 | 151,949 | 603,950 | 607,794 | ||||||||||||||||||||||||||||||||||
| Income before income tax expense | 141,094 | 137,042 | 142,692 | 112,936 | 126,023 | 533,764 | 475,860 | ||||||||||||||||||||||||||||||||||
| Income tax expense | 32,738 | 31,013 | 32,858 | 25,001 | 31,647 | 121,610 | 117,175 | ||||||||||||||||||||||||||||||||||
| Net income | $ | 108,356 | $ | 106,029 | $ | 109,834 | $ | 87,935 | $ | 94,376 | $ | 412,154 | $ | 358,685 | |||||||||||||||||||||||||||
| Diluted earnings per common share | $ | 1.59 | $ | 1.54 | $ | 1.60 | $ | 1.27 | $ | 1.37 | $ | 6.00 | $ | 5.19 | |||||||||||||||||||||||||||
| (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns. | |||||||||||||||||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||
| Period End Balance Sheet | Table 3 | ||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | |||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | ||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||
| Cash and due from banks | $ | 253,807 | $ | 216,927 | $ | 249,676 | $ | 253,289 | $ | 244,980 | |||||||||||||||||||
| Interest-bearing deposits in banks | 835,113 | 826,237 | 920,594 | 1,039,111 | 975,397 | ||||||||||||||||||||||||
| Debt securities available-for-sale, at fair value | 2,207,173 | 2,131,671 | 1,871,298 | 1,943,011 | 1,671,260 | ||||||||||||||||||||||||
| Debt securities held-to-maturity, at amortized cost | 203,242 | 202,581 | 176,487 | 173,757 | 164,677 | ||||||||||||||||||||||||
| Other investments | 85,443 | 70,644 | 69,910 | 65,630 | 66,298 | ||||||||||||||||||||||||
| Loans held for sale | 623,152 | 604,136 | 544,091 | 545,388 | 528,599 | ||||||||||||||||||||||||
| Loans, net of unearned income | 21,513,522 | 21,258,374 | 21,041,497 | 20,706,644 | 20,739,906 | ||||||||||||||||||||||||
| Allowance for credit losses | (348,141) | (345,294) | (341,567) | (345,555) | (338,084) | ||||||||||||||||||||||||
| Loans, net | 21,165,381 | 20,913,080 | 20,699,930 | 20,361,089 | 20,401,822 | ||||||||||||||||||||||||
| Other real estate owned | 2,918 | 3,137 | 1,825 | 863 | 2,433 | ||||||||||||||||||||||||
| Premises and equipment, net | 213,097 | 211,567 | 211,434 | 207,895 | 209,460 | ||||||||||||||||||||||||
| Goodwill | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | ||||||||||||||||||||||||
| Other intangible assets, net | 54,824 | 58,703 | 62,582 | 66,658 | 70,761 | ||||||||||||||||||||||||
| Cash value of bank owned life insurance | 420,583 | 417,096 | 414,381 | 410,890 | 408,574 | ||||||||||||||||||||||||
| Other assets | 435,500 | 428,404 | 442,299 | 431,713 | 502,143 | ||||||||||||||||||||||||
| Total assets | $ | 27,515,879 | $ | 27,099,829 | $ | 26,680,153 | $ | 26,514,940 | $ | 26,262,050 | |||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||
| Deposits | |||||||||||||||||||||||||||||
| Noninterest-bearing | $ | 6,426,145 | $ | 6,757,233 | $ | 6,800,519 | $ | 6,744,781 | $ | 6,498,293 | |||||||||||||||||||
| Interest-bearing | 15,949,850 | 15,470,845 | 15,132,156 | 15,167,628 | 15,224,155 | ||||||||||||||||||||||||
| Total deposits | 22,375,995 | 22,228,078 | 21,932,675 | 21,912,409 | 21,722,448 | ||||||||||||||||||||||||
| Other borrowings | 558,039 | 337,094 | 376,700 | 276,744 | 291,788 | ||||||||||||||||||||||||
| Subordinated deferrable interest debentures | 134,302 | 133,804 | 133,306 | 132,807 | 132,309 | ||||||||||||||||||||||||
| Other liabilities | 371,515 | 384,152 | 319,794 | 369,178 | 363,983 | ||||||||||||||||||||||||
| Total liabilities | 23,439,851 | 23,083,128 | 22,762,475 | 22,691,138 | 22,510,528 | ||||||||||||||||||||||||
| Shareholders' Equity | |||||||||||||||||||||||||||||
| Preferred stock | — | — | — | — | — | ||||||||||||||||||||||||
| Common stock | 72,898 | 72,900 | 72,897 | 72,885 | 72,699 | ||||||||||||||||||||||||
| Capital stock | 1,971,131 | 1,968,124 | 1,964,896 | 1,961,732 | 1,958,642 | ||||||||||||||||||||||||
| Retained earnings | 2,210,385 | 2,115,712 | 2,023,493 | 1,927,489 | 1,853,428 | ||||||||||||||||||||||||
| Accumulated other comprehensive income (loss), net of tax | 8,312 | 5,171 | (6,886) | (14,430) | (30,119) | ||||||||||||||||||||||||
| Treasury stock | (186,698) | (145,206) | (136,722) | (123,874) | (103,128) | ||||||||||||||||||||||||
| Total shareholders' equity | 4,076,028 | 4,016,701 | 3,917,678 | 3,823,802 | 3,751,522 | ||||||||||||||||||||||||
| Total liabilities and shareholders' equity | $ | 27,515,879 | $ | 27,099,829 | $ | 26,680,153 | $ | 26,514,940 | $ | 26,262,050 | |||||||||||||||||||
| Other Data | |||||||||||||||||||||||||||||
| Earning assets | $ | 25,467,645 | $ | 25,093,643 | $ | 24,623,877 | $ | 24,473,541 | $ | 24,146,137 | |||||||||||||||||||
| Intangible assets | 1,070,470 | 1,074,349 | 1,078,228 | 1,082,304 | 1,086,407 | ||||||||||||||||||||||||
| Interest-bearing liabilities | 16,642,191 | 15,941,743 | 15,642,162 | 15,577,179 | 15,648,252 | ||||||||||||||||||||||||
| Average assets | 27,394,953 | 26,972,134 | 26,757,322 | 26,229,423 | 26,444,894 | ||||||||||||||||||||||||
| Average common shareholders' equity | 4,044,338 | 3,964,207 | 3,865,031 | 3,798,149 | 3,719,888 | ||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
| Asset Quality Information | Table 4 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Allowance for Credit Losses | |||||||||||||||||||||||||||||||||||||||||
| Balance at beginning of period | $ | 392,362 | $ | 377,181 | $ | 381,507 | $ | 368,663 | $ | 364,885 | $ | 368,663 | $ | 348,727 | |||||||||||||||||||||||||||
| Provision for loan losses | 16,601 | 11,176 | 3,110 | 16,519 | 12,657 | 47,406 | 69,841 | ||||||||||||||||||||||||||||||||||
| Provision for unfunded commitments | 6,348 | 11,446 | (335) | 5,373 | 148 | 22,832 | (11,048) | ||||||||||||||||||||||||||||||||||
| Provision for other credit losses | 1 | 8 | (3) | — | 3 | 6 | — | ||||||||||||||||||||||||||||||||||
| Provision for credit losses | 22,950 | 22,630 | 2,772 | 21,892 | 12,808 | 70,244 | 58,793 | ||||||||||||||||||||||||||||||||||
| Charge-offs | 19,575 | 13,631 | 14,227 | 15,383 | 17,460 | 62,816 | 68,113 | ||||||||||||||||||||||||||||||||||
| Recoveries | 5,821 | 6,182 | 7,129 | 6,335 | 8,430 | 25,467 | 29,256 | ||||||||||||||||||||||||||||||||||
| Net charge-offs (recoveries) | 13,754 | 7,449 | 7,098 | 9,048 | 9,030 | 37,349 | 38,857 | ||||||||||||||||||||||||||||||||||
| Ending balance | $ | 401,558 | $ | 392,362 | $ | 377,181 | $ | 381,507 | $ | 368,663 | $ | 401,558 | $ | 368,663 | |||||||||||||||||||||||||||
| Allowance for loan losses | $ | 348,141 | $ | 345,294 | $ | 341,567 | $ | 345,555 | $ | 338,084 | $ | 348,141 | $ | 338,084 | |||||||||||||||||||||||||||
| Allowance for unfunded commitments | 53,342 | 46,994 | 35,548 | 35,883 | 30,510 | 53,342 | 30,510 | ||||||||||||||||||||||||||||||||||
| Allowance for other credit losses | 75 | 74 | 66 | 69 | 69 | 75 | 69 | ||||||||||||||||||||||||||||||||||
| Total allowance for credit losses | $ | 401,558 | $ | 392,362 | $ | 377,181 | $ | 381,507 | $ | 368,663 | $ | 401,558 | $ | 368,663 | |||||||||||||||||||||||||||
| Non-Performing Assets | |||||||||||||||||||||||||||||||||||||||||
| Nonaccrual portfolio loans | $ | 84,711 | $ | 77,257 | $ | 75,286 | $ | 86,229 | $ | 90,206 | $ | 84,711 | $ | 90,206 | |||||||||||||||||||||||||||
| Other real estate owned | 2,918 | 3,137 | 1,825 | 863 | 2,433 | 2,918 | 2,433 | ||||||||||||||||||||||||||||||||||
| Repossessed assets | 4 | 3 | 2 | — | 9 | 4 | 9 | ||||||||||||||||||||||||||||||||||
| Accruing loans delinquent 90 days or more | 8,492 | 9,325 | 8,415 | 14,930 | 17,733 | 8,492 | 17,733 | ||||||||||||||||||||||||||||||||||
| Non-performing portfolio assets | $ | 96,125 | $ | 89,722 | $ | 85,528 | $ | 102,022 | $ | 110,381 | $ | 96,125 | $ | 110,381 | |||||||||||||||||||||||||||
| Serviced GNMA-guaranteed mortgage nonaccrual loans | 24,347 | 19,706 | 11,733 | 13,441 | 12,012 | 24,347 | 12,012 | ||||||||||||||||||||||||||||||||||
| Total non-performing assets | $ | 120,472 | $ | 109,428 | $ | 97,261 | $ | 115,463 | $ | 122,393 | $ | 120,472 | $ | 122,393 | |||||||||||||||||||||||||||
| Asset Quality Ratios | |||||||||||||||||||||||||||||||||||||||||
| Non-performing portfolio assets as a percent of total assets | 0.35 | % | 0.33 | % | 0.32 | % | 0.38 | % | 0.42 | % | 0.35 | % | 0.42 | % | |||||||||||||||||||||||||||
| Total non-performing assets as a percent of total assets | 0.44 | % | 0.40 | % | 0.36 | % | 0.44 | % | 0.47 | % | 0.44 | % | 0.47 | % | |||||||||||||||||||||||||||
| Net charge-offs as a percent of average loans (annualized) | 0.26 | % | 0.14 | % | 0.14 | % | 0.18 | % | 0.17 | % | 0.18 | % | 0.19 | % | |||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||
| Loan Information | Table 5 | ||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | |||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | ||||||||||||||||||||||||
| Loans by Type | |||||||||||||||||||||||||||||
| Commercial and industrial | $ | 3,288,505 | $ | 3,299,269 | $ | 3,184,211 | $ | 3,075,971 | $ | 2,953,135 | |||||||||||||||||||
| Consumer | 180,010 | 202,688 | 209,990 | 213,902 | 221,735 | ||||||||||||||||||||||||
| Mortgage warehouse | 1,150,782 | 1,083,941 | 1,092,475 | 891,412 | 965,053 | ||||||||||||||||||||||||
| Municipal | 434,234 | 437,823 | 436,759 | 429,227 | 441,408 | ||||||||||||||||||||||||
| Premium Finance | 1,306,267 | 1,358,259 | 1,294,293 | 1,176,309 | 1,155,614 | ||||||||||||||||||||||||
| Real estate - construction and development | 1,469,250 | 1,411,178 | 1,485,842 | 1,842,431 | 1,998,506 | ||||||||||||||||||||||||
| Real estate - commercial and farmland | 9,311,405 | 9,054,927 | 8,877,750 | 8,574,626 | 8,445,958 | ||||||||||||||||||||||||
| Real estate - residential | 4,373,069 | 4,410,289 | 4,460,177 | 4,502,766 | 4,558,497 | ||||||||||||||||||||||||
| Total loans | $ | 21,513,522 | $ | 21,258,374 | $ | 21,041,497 | $ | 20,706,644 | $ | 20,739,906 | |||||||||||||||||||
| Loans by Risk Grade | |||||||||||||||||||||||||||||
| Pass | $ | 21,305,745 | $ | 21,058,458 | $ | 20,820,888 | $ | 20,468,496 | $ | 20,457,340 | |||||||||||||||||||
| Other assets especially mentioned | 39,709 | 37,236 | 66,677 | 73,783 | 110,936 | ||||||||||||||||||||||||
| Substandard | 168,068 | 162,680 | 153,932 | 164,365 | 171,630 | ||||||||||||||||||||||||
| Total loans | $ | 21,513,522 | $ | 21,258,374 | $ | 21,041,497 | $ | 20,706,644 | $ | 20,739,906 | |||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
| Average Balances | Table 6 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Earning Assets | |||||||||||||||||||||||||||||||||||||||||
| Interest-bearing deposits in banks | $ | 884,149 | $ | 883,976 | $ | 951,851 | $ | 980,164 | $ | 899,162 | $ | 924,660 | $ | 930,145 | |||||||||||||||||||||||||||
| Debt securities - taxable | 2,432,934 | 2,282,470 | 2,117,596 | 1,998,226 | 1,761,984 | 2,209,202 | 1,690,053 | ||||||||||||||||||||||||||||||||||
| Debt securities - nontaxable | 45,237 | 44,823 | 41,299 | 41,391 | 41,494 | 43,202 | 41,419 | ||||||||||||||||||||||||||||||||||
| Loans held for sale | 758,588 | 706,679 | 730,770 | 565,531 | 795,904 | 690,965 | 547,190 | ||||||||||||||||||||||||||||||||||
| Loans | 21,278,859 | 21,038,350 | 20,928,825 | 20,620,777 | 20,868,216 | 20,968,702 | 20,759,247 | ||||||||||||||||||||||||||||||||||
| Total Earning Assets | $ | 25,399,767 | $ | 24,956,298 | $ | 24,770,341 | $ | 24,206,089 | $ | 24,366,760 | $ | 24,836,731 | $ | 23,968,054 | |||||||||||||||||||||||||||
| Deposits | |||||||||||||||||||||||||||||||||||||||||
| Noninterest-bearing deposits | $ | 6,668,120 | $ | 6,849,129 | $ | 6,766,557 | $ | 6,522,784 | $ | 6,684,851 | $ | 6,702,448 | $ | 6,567,855 | |||||||||||||||||||||||||||
| NOW accounts | 4,052,397 | 3,900,999 | 3,939,802 | 3,988,458 | 3,888,404 | 3,970,399 | 3,824,094 | ||||||||||||||||||||||||||||||||||
| MMDA | 7,347,897 | 6,977,134 | 6,918,382 | 6,911,554 | 6,864,265 | 7,039,768 | 6,395,883 | ||||||||||||||||||||||||||||||||||
| Savings accounts | 754,439 | 756,383 | 766,331 | 767,148 | 761,980 | 761,027 | 776,273 | ||||||||||||||||||||||||||||||||||
| Retail CDs | 2,325,456 | 2,344,084 | 2,393,402 | 2,436,974 | 2,474,804 | 2,374,589 | 2,440,891 | ||||||||||||||||||||||||||||||||||
| Brokered CDs | 1,249,020 | 1,070,735 | 1,145,043 | 962,768 | 1,057,808 | 1,107,577 | 1,274,933 | ||||||||||||||||||||||||||||||||||
| Total Deposits | 22,397,329 | 21,898,464 | 21,929,517 | 21,589,686 | 21,732,112 | 21,955,808 | 21,279,929 | ||||||||||||||||||||||||||||||||||
| Non-Deposit Funding | |||||||||||||||||||||||||||||||||||||||||
| Federal funds purchased and securities sold under agreements to repurchase | — | 1 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
| FHLB advances | 423,669 | 443,243 | 326,054 | 149,537 | 215,116 | 336,672 | 335,056 | ||||||||||||||||||||||||||||||||||
| Other borrowings | 9,920 | 169,994 | 193,492 | 193,494 | 279,961 | 141,299 | 298,372 | ||||||||||||||||||||||||||||||||||
| Subordinated deferrable interest debentures | 134,041 | 133,541 | 133,043 | 132,544 | 132,048 | 133,297 | 131,302 | ||||||||||||||||||||||||||||||||||
| Total Non-Deposit Funding | 567,630 | 746,779 | 652,589 | 475,575 | 627,125 | 611,268 | 764,730 | ||||||||||||||||||||||||||||||||||
| Total Funding | $ | 22,964,959 | $ | 22,645,243 | $ | 22,582,106 | $ | 22,065,261 | $ | 22,359,237 | $ | 22,567,076 | $ | 22,044,659 | |||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
| Interest Income and Interest Expense (TE) | Table 7 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Interest Income | |||||||||||||||||||||||||||||||||||||||||
| Interest-bearing deposits in banks | $ | 8,922 | $ | 9,993 | $ | 10,715 | $ | 10,789 | $ | 11,260 | $ | 40,419 | $ | 49,906 | |||||||||||||||||||||||||||
| Debt securities - taxable | 24,886 | 23,253 | 20,696 | 18,492 | 15,923 | 87,327 | 61,518 | ||||||||||||||||||||||||||||||||||
| Debt securities - nontaxable (TE) | 535 | 434 | 423 | 416 | 427 | 1,808 | 1,694 | ||||||||||||||||||||||||||||||||||
| Loans held for sale | 11,233 | 11,237 | 11,578 | 9,045 | 11,853 | 43,093 | 34,532 | ||||||||||||||||||||||||||||||||||
| Loans (TE) | 313,467 | 311,082 | 305,154 | 295,964 | 307,852 | 1,225,667 | 1,234,464 | ||||||||||||||||||||||||||||||||||
| Total Earning Assets | $ | 359,043 | $ | 355,999 | $ | 348,566 | $ | 334,706 | $ | 347,315 | $ | 1,398,314 | $ | 1,382,114 | |||||||||||||||||||||||||||
| Interest Expense | |||||||||||||||||||||||||||||||||||||||||
| Interest-Bearing Deposits | |||||||||||||||||||||||||||||||||||||||||
| NOW accounts | $ | 18,508 | $ | 18,230 | $ | 18,144 | $ | 18,306 | $ | 19,099 | $ | 73,188 | $ | 81,228 | |||||||||||||||||||||||||||
| MMDA | 52,455 | 54,657 | 53,469 | 52,261 | 57,160 | 212,842 | 231,065 | ||||||||||||||||||||||||||||||||||
| Savings accounts | 734 | 813 | 826 | 830 | 850 | 3,203 | 3,780 | ||||||||||||||||||||||||||||||||||
| Retail CDs | 20,567 | 21,253 | 21,852 | 23,245 | 25,610 | 86,917 | 102,672 | ||||||||||||||||||||||||||||||||||
| Brokered CDs | 13,050 | 11,898 | 12,505 | 10,573 | 12,837 | 48,026 | 65,928 | ||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Deposits | 105,314 | 106,851 | 106,796 | 105,215 | 115,556 | 424,176 | 484,673 | ||||||||||||||||||||||||||||||||||
| Non-Deposit Funding | |||||||||||||||||||||||||||||||||||||||||
| FHLB advances | 4,347 | 4,863 | 3,508 | 1,362 | 2,393 | 14,080 | 16,581 | ||||||||||||||||||||||||||||||||||
| Other borrowings | 169 | 2,328 | 2,499 | 2,350 | 3,346 | 7,346 | 14,313 | ||||||||||||||||||||||||||||||||||
| Subordinated deferrable interest debentures | 2,926 | 3,040 | 3,022 | 3,012 | 3,247 | 12,000 | 13,527 | ||||||||||||||||||||||||||||||||||
| Total Non-Deposit Funding | 7,442 | 10,231 | 9,029 | 6,724 | 8,986 | 33,426 | 44,421 | ||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Funding | $ | 112,756 | $ | 117,082 | $ | 115,825 | $ | 111,939 | $ | 124,542 | $ | 457,602 | $ | 529,094 | |||||||||||||||||||||||||||
| Net Interest Income (TE) | $ | 246,287 | $ | 238,917 | $ | 232,741 | $ | 222,767 | $ | 222,773 | $ | 940,712 | $ | 853,020 | |||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
Yields(1) | Table 8 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||||||||||||||
| Earning Assets | |||||||||||||||||||||||||||||||||||||||||
| Interest-bearing deposits in banks | 4.00 | % | 4.48 | % | 4.52 | % | 4.46 | % | 4.98 | % | 4.37 | % | 5.37 | % | |||||||||||||||||||||||||||
| Debt securities - taxable | 4.06 | % | 4.04 | % | 3.92 | % | 3.75 | % | 3.60 | % | 3.95 | % | 3.64 | % | |||||||||||||||||||||||||||
| Debt securities - nontaxable (TE) | 4.69 | % | 3.84 | % | 4.11 | % | 4.08 | % | 4.09 | % | 4.18 | % | 4.09 | % | |||||||||||||||||||||||||||
| Loans held for sale | 5.87 | % | 6.31 | % | 6.35 | % | 6.49 | % | 5.92 | % | 6.24 | % | 6.31 | % | |||||||||||||||||||||||||||
| Loans (TE) | 5.84 | % | 5.87 | % | 5.85 | % | 5.82 | % | 5.87 | % | 5.85 | % | 5.95 | % | |||||||||||||||||||||||||||
| Total Earning Assets | 5.61 | % | 5.66 | % | 5.64 | % | 5.61 | % | 5.67 | % | 5.63 | % | 5.77 | % | |||||||||||||||||||||||||||
| Interest-Bearing Deposits | |||||||||||||||||||||||||||||||||||||||||
| NOW accounts | 1.81 | % | 1.85 | % | 1.85 | % | 1.86 | % | 1.95 | % | 1.84 | % | 2.12 | % | |||||||||||||||||||||||||||
| MMDA | 2.83 | % | 3.11 | % | 3.10 | % | 3.07 | % | 3.31 | % | 3.02 | % | 3.61 | % | |||||||||||||||||||||||||||
| Savings accounts | 0.39 | % | 0.43 | % | 0.43 | % | 0.44 | % | 0.44 | % | 0.42 | % | 0.49 | % | |||||||||||||||||||||||||||
| Retail CDs | 3.51 | % | 3.60 | % | 3.66 | % | 3.87 | % | 4.12 | % | 3.66 | % | 4.21 | % | |||||||||||||||||||||||||||
| Brokered CDs | 4.15 | % | 4.41 | % | 4.38 | % | 4.45 | % | 4.83 | % | 4.34 | % | 5.17 | % | |||||||||||||||||||||||||||
| Total Interest-Bearing Deposits | 2.66 | % | 2.82 | % | 2.83 | % | 2.83 | % | 3.06 | % | 2.78 | % | 3.29 | % | |||||||||||||||||||||||||||
| Non-Deposit Funding | |||||||||||||||||||||||||||||||||||||||||
| Federal funds purchased and securities sold under agreements to repurchase | — | % | — | % | — | % | — | % | — | % | — | % | — | % | |||||||||||||||||||||||||||
| FHLB advances | 4.07 | % | 4.35 | % | 4.32 | % | 3.69 | % | 4.43 | % | 4.18 | % | 4.95 | % | |||||||||||||||||||||||||||
| Other borrowings | 6.76 | % | 5.43 | % | 5.18 | % | 4.93 | % | 4.75 | % | 5.20 | % | 4.80 | % | |||||||||||||||||||||||||||
| Subordinated deferrable interest debentures | 8.66 | % | 9.03 | % | 9.11 | % | 9.22 | % | 9.78 | % | 9.00 | % | 10.30 | % | |||||||||||||||||||||||||||
| Total Non-Deposit Funding | 5.20 | % | 5.44 | % | 5.55 | % | 5.73 | % | 5.70 | % | 5.47 | % | 5.81 | % | |||||||||||||||||||||||||||
Total Interest-Bearing Liabilities | 2.74 | % | 2.94 | % | 2.94 | % | 2.92 | % | 3.16 | % | 2.88 | % | 3.42 | % | |||||||||||||||||||||||||||
| Net Interest Spread | 2.87 | % | 2.72 | % | 2.70 | % | 2.69 | % | 2.51 | % | 2.75 | % | 2.35 | % | |||||||||||||||||||||||||||
Net Interest Margin(2) | 3.85 | % | 3.80 | % | 3.77 | % | 3.73 | % | 3.64 | % | 3.79 | % | 3.56 | % | |||||||||||||||||||||||||||
Total Cost of Funds(3) | 1.95 | % | 2.05 | % | 2.06 | % | 2.06 | % | 2.22 | % | 2.03 | % | 2.40 | % | |||||||||||||||||||||||||||
| (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 | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands except per share data) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Net income available to common shareholders | $ | 108,356 | $ | 106,029 | $ | 109,834 | $ | 87,935 | $ | 94,376 | $ | 412,154 | $ | 358,685 | |||||||||||||||||||||||||||
| Adjustment items: | |||||||||||||||||||||||||||||||||||||||||
| Loss (gain) on sale of MSR | 1,127 | (125) | (356) | 14 | (536) | 660 | (10,494) | ||||||||||||||||||||||||||||||||||
| Gain on conversion of Visa Class B-1 stock | — | — | — | — | — | — | (12,554) | ||||||||||||||||||||||||||||||||||
| Servicing right impairment | 910 | — | — | — | — | 910 | — | ||||||||||||||||||||||||||||||||||
| Gain on BOLI proceeds | (220) | (390) | — | (11) | — | (621) | (1,464) | ||||||||||||||||||||||||||||||||||
| FDIC special assessment | (1,136) | (318) | (138) | 138 | (559) | (1,454) | 1,455 | ||||||||||||||||||||||||||||||||||
| Natural disaster expenses | — | — | — | — | 400 | — | 550 | ||||||||||||||||||||||||||||||||||
| Loss on bank premises | — | — | — | — | 1,203 | — | 1,203 | ||||||||||||||||||||||||||||||||||
Tax effect of adjustment items (Note 1) | (189) | 93 | 104 | (32) | (107) | (24) | 4,166 | ||||||||||||||||||||||||||||||||||
| After tax adjustment items | 492 | (740) | (390) | 109 | 401 | (529) | (17,138) | ||||||||||||||||||||||||||||||||||
| Tax expense attributable to BOLI restructuring | — | — | — | — | 301 | — | 5,093 | ||||||||||||||||||||||||||||||||||
| Adjusted net income | $ | 108,848 | $ | 105,289 | $ | 109,444 | $ | 88,044 | $ | 95,078 | $ | 411,625 | $ | 346,640 | |||||||||||||||||||||||||||
| Weighted average number of shares - diluted | 68,328,365 | 68,665,669 | 68,796,577 | 69,030,331 | 69,128,946 | 68,705,914 | 69,061,832 | ||||||||||||||||||||||||||||||||||
| Net income per diluted share | $ | 1.59 | $ | 1.54 | $ | 1.60 | $ | 1.27 | $ | 1.37 | $ | 6.00 | $ | 5.19 | |||||||||||||||||||||||||||
| Adjusted net income per diluted share | $ | 1.59 | $ | 1.53 | $ | 1.59 | $ | 1.28 | $ | 1.38 | $ | 5.99 | $ | 5.02 | |||||||||||||||||||||||||||
| Average assets | $ | 27,394,953 | $ | 26,972,134 | $ | 26,757,322 | $ | 26,229,423 | $ | 26,444,894 | $ | 26,842,018 | $ | 26,036,681 | |||||||||||||||||||||||||||
| Return on average assets | 1.57 | % | 1.56 | % | 1.65 | % | 1.36 | % | 1.42 | % | 1.54 | % | 1.38 | % | |||||||||||||||||||||||||||
| Adjusted return on average assets | 1.58 | % | 1.55 | % | 1.64 | % | 1.36 | % | 1.43 | % | 1.53 | % | 1.33 | % | |||||||||||||||||||||||||||
| Average common equity | $ | 4,044,338 | $ | 3,964,207 | $ | 3,865,031 | $ | 3,798,149 | $ | 3,719,888 | $ | 3,918,733 | $ | 3,583,390 | |||||||||||||||||||||||||||
| Average tangible common equity | $ | 2,971,985 | $ | 2,887,961 | $ | 2,784,819 | $ | 2,713,847 | $ | 2,631,452 | $ | 2,840,493 | $ | 2,488,588 | |||||||||||||||||||||||||||
| Return on average common equity | 10.63 | % | 10.61 | % | 11.40 | % | 9.39 | % | 10.09 | % | 10.52 | % | 10.01 | % | |||||||||||||||||||||||||||
| Return on average tangible common equity | 14.46 | % | 14.57 | % | 15.82 | % | 13.14 | % | 14.27 | % | 14.51 | % | 14.41 | % | |||||||||||||||||||||||||||
| Adjusted return on average tangible common equity | 14.53 | % | 14.46 | % | 15.76 | % | 13.16 | % | 14.37 | % | 14.49 | % | 13.93 | % | |||||||||||||||||||||||||||
| Note 1: Tax effect is calculated utilizing a 21% 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 (TE) | Table 9B | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Adjusted Noninterest Expense | |||||||||||||||||||||||||||||||||||||||||
| Total noninterest expense | $ | 143,090 | $ | 154,566 | $ | 155,260 | $ | 151,034 | $ | 151,949 | $ | 603,950 | $ | 607,794 | |||||||||||||||||||||||||||
| Adjustment items: | |||||||||||||||||||||||||||||||||||||||||
| FDIC special assessment | 1,136 | 318 | 138 | (138) | 559 | 1,454 | (1,455) | ||||||||||||||||||||||||||||||||||
| Natural disaster expenses | — | — | — | — | (400) | — | (550) | ||||||||||||||||||||||||||||||||||
| Loss on bank premises | — | — | — | — | (1,203) | — | (1,203) | ||||||||||||||||||||||||||||||||||
| Adjusted noninterest expense | $ | 144,226 | $ | 154,884 | $ | 155,398 | $ | 150,896 | $ | 150,905 | $ | 605,404 | $ | 604,586 | |||||||||||||||||||||||||||
| Total Revenue | |||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 245,307 | $ | 237,964 | $ | 231,813 | $ | 221,839 | $ | 221,821 | $ | 936,923 | $ | 849,190 | |||||||||||||||||||||||||||
| Noninterest income | 61,827 | 76,274 | 68,911 | 64,023 | 68,959 | 271,035 | 293,257 | ||||||||||||||||||||||||||||||||||
| Total revenue | $ | 307,134 | $ | 314,238 | $ | 300,724 | $ | 285,862 | $ | 290,780 | $ | 1,207,958 | $ | 1,142,447 | |||||||||||||||||||||||||||
| Adjusted Total Revenue | |||||||||||||||||||||||||||||||||||||||||
| Net interest income (TE) | $ | 246,287 | $ | 238,917 | $ | 232,741 | $ | 222,767 | $ | 222,773 | $ | 940,712 | $ | 853,020 | |||||||||||||||||||||||||||
| Noninterest income | 61,827 | 76,274 | 68,911 | 64,023 | 68,959 | 271,035 | 293,257 | ||||||||||||||||||||||||||||||||||
| Total revenue (TE) | 308,114 | 315,191 | 301,652 | 286,790 | 291,732 | 1,211,747 | 1,146,277 | ||||||||||||||||||||||||||||||||||
| Adjustment items: | |||||||||||||||||||||||||||||||||||||||||
| (Gain)/loss on securities | (12) | (1,581) | — | (40) | 16 | (1,633) | (12,304) | ||||||||||||||||||||||||||||||||||
| (Gain)/loss on sale of MSR | 1,127 | (125) | (356) | 14 | (536) | 660 | (10,494) | ||||||||||||||||||||||||||||||||||
| Gain on BOLI proceeds | (220) | (390) | — | (11) | — | (621) | (1,464) | ||||||||||||||||||||||||||||||||||
| Servicing right impairment | 910 | — | — | — | — | 910 | — | ||||||||||||||||||||||||||||||||||
| Adjusted total revenue (TE) | $ | 309,919 | $ | 313,095 | $ | 301,296 | $ | 286,753 | $ | 291,212 | $ | 1,211,063 | $ | 1,122,015 | |||||||||||||||||||||||||||
| Efficiency ratio | 46.59 | % | 49.19 | % | 51.63 | % | 52.83 | % | 52.26 | % | 50.00 | % | 53.20 | % | |||||||||||||||||||||||||||
| Adjusted efficiency ratio (TE) | 46.54 | % | 49.47 | % | 51.58 | % | 52.62 | % | 51.82 | % | 49.99 | % | 53.88 | % | |||||||||||||||||||||||||||
| Tangible Book Value Per Share | Table 9C | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands except per share data) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Total shareholders' equity | $ | 4,076,028 | $ | 4,016,701 | $ | 3,917,678 | $ | 3,823,802 | $ | 3,751,522 | $ | 4,076,028 | $ | 3,751,522 | |||||||||||||||||||||||||||
| 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 | 54,824 | 58,703 | 62,582 | 66,658 | 70,761 | 54,824 | 70,761 | ||||||||||||||||||||||||||||||||||
| Total tangible shareholders' equity | $ | 3,005,558 | $ | 2,942,352 | $ | 2,839,450 | $ | 2,741,498 | $ | 2,665,115 | $ | 3,005,558 | $ | 2,665,115 | |||||||||||||||||||||||||||
| Period end number of shares | 68,022,316 | 68,587,742 | 68,711,043 | 68,910,924 | 69,068,609 | 68,022,316 | 69,068,609 | ||||||||||||||||||||||||||||||||||
| Book value per share (period end) | $ | 59.92 | $ | 58.56 | $ | 57.02 | $ | 55.49 | $ | 54.32 | $ | 59.92 | $ | 54.32 | |||||||||||||||||||||||||||
| Tangible book value per share (period end) | $ | 44.18 | $ | 42.90 | $ | 41.32 | $ | 39.78 | $ | 38.59 | $ | 44.18 | $ | 38.59 | |||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
| Non-GAAP Reconciliations (continued) | |||||||||||||||||||||||||||||||||||||||||
| Tangible Common Equity to Tangible Assets | Table 9D | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | |||||||||||||||||||||||||||||||||||||
| (dollars in thousands except per share data) | 2025 | 2025 | 2025 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||||
| Total shareholders' equity | $ | 4,076,028 | $ | 4,016,701 | $ | 3,917,678 | $ | 3,823,802 | $ | 3,751,522 | |||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||
| Goodwill | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | ||||||||||||||||||||||||||||||||||||
| Other intangibles, net | 54,824 | 58,703 | 62,582 | 66,658 | 70,761 | ||||||||||||||||||||||||||||||||||||
| Total tangible shareholders' equity | $ | 3,005,558 | $ | 2,942,352 | $ | 2,839,450 | $ | 2,741,498 | $ | 2,665,115 | |||||||||||||||||||||||||||||||
| Total assets | $ | 27,515,879 | $ | 27,099,829 | $ | 26,680,153 | $ | 26,514,940 | $ | 26,262,050 | |||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||||||||
| Goodwill | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | 1,015,646 | ||||||||||||||||||||||||||||||||||||
| Other intangibles, net | 54,824 | 58,703 | 62,582 | 66,658 | 70,761 | ||||||||||||||||||||||||||||||||||||
| Total tangible assets | $ | 26,445,409 | $ | 26,025,480 | $ | 25,601,925 | $ | 25,432,636 | $ | 25,175,643 | |||||||||||||||||||||||||||||||
| Equity to Assets | 14.81 | % | 14.82 | % | 14.68 | % | 14.42 | % | 14.28 | % | |||||||||||||||||||||||||||||||
| Tangible Common Equity to Tangible Assets | 11.37 | % | 11.31 | % | 11.09 | % | 10.78 | % | 10.59 | % | |||||||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
| Segment Reporting | Table 10 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Retail Mortgage Division | |||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 19,312 | $ | 20,179 | $ | 22,031 | $ | 21,844 | $ | 23,714 | $ | 83,366 | $ | 94,296 | |||||||||||||||||||||||||||
| Provision for credit losses | (3,142) | 529 | 1,010 | 5,191 | (2,503) | 3,588 | (2,799) | ||||||||||||||||||||||||||||||||||
| Noninterest income | 30,056 | 40,081 | 37,726 | 34,729 | 36,623 | 142,592 | 167,031 | ||||||||||||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||||||||||||||
| Salaries and employee benefits | 21,413 | 21,589 | 24,358 | 20,995 | 22,876 | 88,355 | 92,436 | ||||||||||||||||||||||||||||||||||
| Occupancy and equipment expenses | 754 | 760 | 811 | 829 | 951 | 3,154 | 3,965 | ||||||||||||||||||||||||||||||||||
| Data processing and telecommunications expenses | 1,315 | 1,232 | 1,391 | 1,297 | 1,222 | 5,235 | 5,048 | ||||||||||||||||||||||||||||||||||
| Other noninterest expenses | 11,547 | 12,480 | 12,496 | 11,963 | 12,118 | 48,486 | 50,209 | ||||||||||||||||||||||||||||||||||
| Total noninterest expense | 35,029 | 36,061 | 39,056 | 35,084 | 37,167 | 145,230 | 151,658 | ||||||||||||||||||||||||||||||||||
| Income before income tax expense | 17,481 | 23,670 | 19,691 | 16,298 | 25,673 | 77,140 | 112,468 | ||||||||||||||||||||||||||||||||||
| Income tax expense | 3,671 | 4,970 | 4,135 | 3,423 | 5,391 | 16,199 | 23,618 | ||||||||||||||||||||||||||||||||||
| Net income | $ | 13,810 | $ | 18,700 | $ | 15,556 | $ | 12,875 | $ | 20,282 | $ | 60,941 | $ | 88,850 | |||||||||||||||||||||||||||
| Warehouse Lending Division | |||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 7,430 | $ | 7,474 | $ | 7,091 | $ | 5,902 | $ | 6,640 | $ | 27,897 | $ | 26,772 | |||||||||||||||||||||||||||
| Provision for credit losses | 129 | 23 | 369 | (175) | (59) | 346 | 275 | ||||||||||||||||||||||||||||||||||
| Noninterest income | 736 | 756 | 1,893 | 554 | 676 | 3,939 | 4,209 | ||||||||||||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||||||||||||||
| Salaries and employee benefits | 556 | 566 | 618 | 552 | 583 | 2,292 | 3,216 | ||||||||||||||||||||||||||||||||||
| Occupancy and equipment expenses | 7 | 7 | 7 | 7 | 6 | 28 | 26 | ||||||||||||||||||||||||||||||||||
| Data processing and telecommunications expenses | 54 | 57 | 59 | 38 | 44 | 208 | 160 | ||||||||||||||||||||||||||||||||||
| Other noninterest expenses | 195 | 195 | 96 | 270 | 224 | 756 | 976 | ||||||||||||||||||||||||||||||||||
| Total noninterest expense | 812 | 825 | 780 | 867 | 857 | 3,284 | 4,378 | ||||||||||||||||||||||||||||||||||
| Income before income tax expense | 7,225 | 7,382 | 7,835 | 5,764 | 6,518 | 28,206 | 26,328 | ||||||||||||||||||||||||||||||||||
| Income tax expense | 1,517 | 1,550 | 1,646 | 1,210 | 1,369 | 5,923 | 5,529 | ||||||||||||||||||||||||||||||||||
| Net income | $ | 5,708 | $ | 5,832 | $ | 6,189 | $ | 4,554 | $ | 5,149 | $ | 22,283 | $ | 20,799 | |||||||||||||||||||||||||||
| Premium Finance Division | |||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 11,802 | $ | 12,251 | $ | 11,190 | $ | 9,880 | $ | 10,390 | $ | 45,123 | $ | 36,405 | |||||||||||||||||||||||||||
| Provision for credit losses | 926 | 461 | 716 | 456 | 517 | 2,559 | 883 | ||||||||||||||||||||||||||||||||||
| Noninterest income | 17 | 18 | 17 | 16 | 13 | 68 | 45 | ||||||||||||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||||||||||||||
| Salaries and employee benefits | 2,446 | 2,492 | 2,331 | 2,352 | 2,029 | 9,621 | 8,194 | ||||||||||||||||||||||||||||||||||
| Occupancy and equipment expenses | 37 | 39 | 36 | 37 | 51 | 149 | 225 | ||||||||||||||||||||||||||||||||||
| Data processing and telecommunications expenses | 106 | 101 | 91 | 129 | 106 | 427 | 370 | ||||||||||||||||||||||||||||||||||
| Other noninterest expenses | 1,240 | 1,075 | 1,115 | 969 | 1,173 | 4,399 | 4,436 | ||||||||||||||||||||||||||||||||||
| Total noninterest expense | 3,829 | 3,707 | 3,573 | 3,487 | 3,359 | 14,596 | 13,225 | ||||||||||||||||||||||||||||||||||
| Income before income tax expense | 7,064 | 8,101 | 6,918 | 5,953 | 6,527 | 28,036 | 22,342 | ||||||||||||||||||||||||||||||||||
| Income tax expense | 1,450 | 1,669 | 1,410 | 1,214 | 1,334 | 5,743 | 4,525 | ||||||||||||||||||||||||||||||||||
| Net income | $ | 5,614 | $ | 6,432 | $ | 5,508 | $ | 4,739 | $ | 5,193 | $ | 22,293 | $ | 17,817 | |||||||||||||||||||||||||||
| AMERIS BANCORP AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||||||||||
| FINANCIAL TABLES | |||||||||||||||||||||||||||||||||||||||||
| Segment Reporting (continued) | Table 10 | ||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||||||||||||
| Dec | Sep | Jun | Mar | Dec | Dec | Dec | |||||||||||||||||||||||||||||||||||
| (dollars in thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Banking Division | |||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 206,763 | $ | 198,060 | $ | 191,501 | $ | 184,213 | $ | 181,077 | $ | 780,537 | $ | 691,717 | |||||||||||||||||||||||||||
| Provision for credit losses | 25,037 | 21,617 | 677 | 16,420 | 14,853 | 63,751 | 60,434 | ||||||||||||||||||||||||||||||||||
| Noninterest income | 31,018 | 35,419 | 29,275 | 28,724 | 31,647 | 124,436 | 121,972 | ||||||||||||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||||||||||||||
| Salaries and employee benefits | 57,582 | 66,301 | 62,001 | 62,716 | 62,322 | 248,600 | 243,795 | ||||||||||||||||||||||||||||||||||
| Occupancy and equipment expenses | 10,523 | 10,718 | 10,547 | 9,804 | 10,616 | 41,592 | 44,568 | ||||||||||||||||||||||||||||||||||
| Data processing and telecommunications expenses | 14,761 | 14,668 | 13,825 | 13,391 | 13,259 | 56,645 | 54,121 | ||||||||||||||||||||||||||||||||||
| Other noninterest expenses | 20,554 | 22,286 | 25,478 | 25,685 | 24,369 | 94,003 | 96,049 | ||||||||||||||||||||||||||||||||||
| Total noninterest expense | 103,420 | 113,973 | 111,851 | 111,596 | 110,566 | 440,840 | 438,533 | ||||||||||||||||||||||||||||||||||
| Income before income tax expense | 109,324 | 97,889 | 108,248 | 84,921 | 87,305 | 400,382 | 314,722 | ||||||||||||||||||||||||||||||||||
| Income tax expense | 26,100 | 22,824 | 25,667 | 19,154 | 23,553 | 93,745 | 83,503 | ||||||||||||||||||||||||||||||||||
| Net income | $ | 83,224 | $ | 75,065 | $ | 82,581 | $ | 65,767 | $ | 63,752 | $ | 306,637 | $ | 231,219 | |||||||||||||||||||||||||||
| Total Consolidated | |||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 245,307 | $ | 237,964 | $ | 231,813 | $ | 221,839 | $ | 221,821 | $ | 936,923 | $ | 849,190 | |||||||||||||||||||||||||||
| Provision for credit losses | 22,950 | 22,630 | 2,772 | 21,892 | 12,808 | 70,244 | 58,793 | ||||||||||||||||||||||||||||||||||
| Noninterest income | 61,827 | 76,274 | 68,911 | 64,023 | 68,959 | 271,035 | 293,257 | ||||||||||||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||||||||||||||
| Salaries and employee benefits | 81,997 | 90,948 | 89,308 | 86,615 | 87,810 | 348,868 | 347,641 | ||||||||||||||||||||||||||||||||||
| Occupancy and equipment expenses | 11,321 | 11,524 | 11,401 | 10,677 | 11,624 | 44,923 | 48,784 | ||||||||||||||||||||||||||||||||||
| Data processing and telecommunications expenses | 16,236 | 16,058 | 15,366 | 14,855 | 14,631 | 62,515 | 59,699 | ||||||||||||||||||||||||||||||||||
| Other noninterest expenses | 33,536 | 36,036 | 39,185 | 38,887 | 37,884 | 147,644 | 151,670 | ||||||||||||||||||||||||||||||||||
| Total noninterest expense | 143,090 | 154,566 | 155,260 | 151,034 | 151,949 | 603,950 | 607,794 | ||||||||||||||||||||||||||||||||||
| Income before income tax expense | 141,094 | 137,042 | 142,692 | 112,936 | 126,023 | 533,764 | 475,860 | ||||||||||||||||||||||||||||||||||
| Income tax expense | 32,738 | 31,013 | 32,858 | 25,001 | 31,647 | 121,610 | 117,175 | ||||||||||||||||||||||||||||||||||
| Net income | $ | 108,356 | $ | 106,029 | $ | 109,834 | $ | 87,935 | $ | 94,376 | $ | 412,154 | $ | 358,685 | |||||||||||||||||||||||||||