Exhibit 99.1

News Release

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2024

Highlights of Ameris’s results for the first quarter of 2024 include the following:

Net income of $74.3 million, or $1.08 per diluted share; Adjusted net income⁽¹⁾ of $75.6 million, or $1.10 per diluted share

Return on average assets ("ROA") of 1.18%; Adjusted ROA⁽¹⁾ of 1.20%

Pre-tax, pre-provision net revenue (PPNR) ROA⁽¹⁾ of 1.89%

Growth in tangible book value⁽¹⁾ of $0.88 per share, or 10.5% annualized, to $34.52 at March 31, 2024

TCE ratio⁽¹⁾of 9.71%, compared with 9.64% at December 31, 2023 and 8.55% one year ago

Net interest margin of 3.51% for the first quarter of 2024

Organic growth in loans of $331.0 million, or 6.5% annualized

Growth in total deposits of $288.9 million, or 5.6% annualized

Increase in the allowance for credit losses to 1.55% of loans, from 1.52% at December 31, 2023

Adjusted efficiency ratio⁽¹⁾ of 54.56%

ATLANTA, GA, April 25, 2024 - Ameris Bancorp (Nasdaq: ABCB) (the “Company”) today reported net income of $74.3 million, or $1.08 per diluted share, for the quarter ended March 31, 2024, compared with $60.4 million, or $0.87 per diluted share, for the quarter ended March 31, 2023. Excluding the FDIC special assessment and gain on bank owned life insurance ("BOLI") proceeds, adjusted net income⁽¹⁾ was $75.6 million, or $1.10 per diluted share, for the quarter ended March 31, 2024, compared with $59.9 million, or $0.86 per diluted share, for the quarter ended March 31, 2023.

Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, “The first quarter results demonstrate another period of solid fundamental performance for Ameris. We maintain our disciplined approach, aiming to enhance shareholder value by consistently increasing tangible book value and sustained core profitability, as demonstrated by this quarter's financial performance. We are poised for a successful 2024, with our primary focus on core deposit growth and operating efficiency across our vibrant Southeastern operation."

Net Interest Income and Net Interest Margin

Net interest income on a tax-equivalent basis (TE) was $202.3 million in the first quarter of 2024, a decrease of $4.7 million, or 2.3%, from last quarter and $10.2 million, or 4.8%, compared with the first quarter of 2023. The Company's net interest margin was 3.51% for the first quarter of 2024, down from 3.54% reported for the fourth quarter of 2023 and 3.76% reported for the first quarter of 2023. The decrease in net interest margin this quarter is primarily attributable to rising deposit costs in the current interest rate environment. The rate of change in deposit costs continues to slow as market interest rates remain relatively stable.

Yields on earning assets increased four basis points during the quarter to 5.73%, compared with 5.69% in the fourth quarter of 2023, and increased 48 basis points from 5.25% in the first quarter of 2023. Yields on loans increased to 5.92% during the first quarter of 2024, compared with 5.83% for the fourth quarter of 2023 and 5.44% for the first quarter of 2023.

The Company’s total cost of funds was 2.41% in the first quarter of 2024, an increase of nine basis points compared with the fourth quarter of 2023. Deposit costs increased 13 basis points during the first quarter of 2024 to 2.29%, compared with 2.16% in the fourth quarter of 2023. Costs of interest-bearing deposits increased during the quarter from 3.17% in the fourth quarter of 2023 to 3.31% in the first quarter of 2024, reflecting a shift in mix to CDs and money market accounts.

Noninterest Income

Noninterest income increased $9.6 million, or 17.1%, in the first quarter of 2024 to $65.9 million, compared with $56.2 million for the fourth quarter of 2023, primarily as a result of increased mortgage banking activity, which increased by $8.0 million, or 25.3%, to $39.4 million in the first quarter of 2024, compared with $31.5 million for the fourth quarter of 2023. Gain on sale spreads increased to 2.49% in the first quarter of 2024 from 1.93% for the fourth quarter of 2023. Total production in the retail mortgage division increased $19.1 million, or 2.1%, to $910.2 million in the first quarter of 2024, compared with $891.1 million for the fourth quarter of 2023. The retail mortgage open pipeline was $606.7 million at the end of the first quarter of 2024, compared with $400.1 million for the fourth quarter of 2023. Also included in noninterest income was $998,000 of gain on BOLI proceeds during the quarter.

Noninterest Expense

Noninterest expense decreased $300,000, or 0.2%, to $148.7 million during the first quarter of 2024, compared with $149.0 million for the fourth quarter of 2023. During the first quarter of 2024, the Company recorded an additional $2.9 million related to the FDIC special assessment, compared with $11.6 million in the fourth quarter of 2023. The Company also recorded a gain on sale of bank premises of $1.9 million in the fourth quarter of 2023. Excluding those items, adjusted expenses⁽¹⁾ increased approximately $6.5 million, or 4.6%, to $145.8 million in the first quarter of 2024 from $139.3 million in the fourth quarter of 2023. The increase in adjusted expenses⁽¹⁾ resulted from a $7.0 million increase in salaries and employee benefits related primarily to cyclical payroll tax and 401(k) expenses and variable mortgage compensation. Management continues to focus on operating efficiency, and the adjusted efficiency ratio⁽¹⁾ increased to 54.56% in the first quarter of 2024, compared with 52.87% in the fourth quarter of 2023, primarily as a result of the cyclical compensation expenses.

Income Tax Expense

The Company's effective tax rate for the first quarter of 2024 was 23.7%, compared with 27.1% for the fourth quarter of 2023. The increased rate for the fourth quarter of 2023 was primarily a result of a return to provision adjustment made when the Company filed its 2022 income tax returns in the fourth quarter of 2023.

Balance Sheet Trends

Total assets at March 31, 2024 were $25.66 billion, compared with $25.20 billion at December 31, 2023. Debt securities available-for-sale increased slightly to $1.41 billion, compared with $1.40 billion at December 31, 2023. Loans, net of unearned income, increased $331.0 million, or 6.5% annualized, to $20.60 billion at March 31, 2024, compared with $20.27 billion at December 31, 2023. Loans held for sale increased to $364.3 million at March 31, 2024 from $281.3 million at December 31, 2023.

At March 31, 2024, total deposits amounted to $21.00 billion, compared with $20.71 billion at December 31, 2023. During the first quarter of 2024, deposits grew $288.9 million, with noninterest bearing accounts increasing $46.7 million, money market accounts increasing $164.6 million and CDs increasing $200.8 million, with such increases offset in part by a $103.5 million decrease in interest bearing demand accounts and a $19.7 million decrease in savings accounts. Noninterest bearing accounts as a percent of total deposits was minimally changed, such that at March 31, 2024, noninterest bearing deposit accounts represented $6.54 billion, or 31.1% of total deposits, compared with $6.49 billion, or 31.3% of total deposits, at December 31, 2023.

Shareholders’ equity at March 31, 2024 totaled $3.48 billion, an increase of $58.0 million, or 1.7%, from December 31, 2023. The increase in shareholders’ equity was primarily the result of earnings of $74.3 million during the first quarter of 2024, partially offset by dividends declared, share repurchases and an increase in other comprehensive loss of $4.0 million resulting from changes in interest rates on the Company's investment portfolio. Tangible book value per share⁽¹⁾ increased $0.88 per share, or 10.5% annualized, during the first three months of 2024 to $34.52 at March 31, 2024. Tangible common equity as a percentage of tangible assets was 9.71% at March 31, 2024, compared with 9.64% at the end of 2023. The Company repurchased 45,174 of its shares in the quarter ending March 31, 2024 at an average cost of $46.58 per share, equating to approximately $2.1 million.

Credit Quality

Credit quality remains strong in the Company. During the first quarter of 2024, the Company recorded a provision for credit losses of $21.1 million, bringing the allowance for credit losses on loans to 1.55%, compared with a provision of $23.0 million in the fourth quarter of 2023. Nonperforming assets as a percentage of total assets were up two basis points to 0.71% during the quarter. Approximately $84.2 million, or 46.1%, of the nonperforming assets at March 31, 2024 were GNMA-guaranteed mortgage loans, which have minimal loss exposure. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets increased five basis points to 0.38% at March 31, 2024, compared with 0.33% at the fourth quarter of 2023. The net charge-off ratio was 25 basis points for the first quarter of 2024, compared with 26 basis points in the fourth quarter of 2023.

Conference Call

The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, April 26, 2024, 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 one hour after the end of the conference call until May 3, 2024. To listen to the replay, dial 1-877-344-7529. The conference replay access code is 8309156. 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 a bank holding company headquartered in Atlanta, Georgia. The Company’s banking subsidiary, Ameris Bank, had 164 locations in Georgia, Alabama, Florida, North Carolina and South Carolina at the end of the most recent quarter.

⁽¹⁾Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9E.

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 on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy; competitive pressures on product pricing and services; the success and timing of other business strategies; 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, 2023 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.

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
	Mar			Dec			Sep			Jun			Mar
(dollars in thousands except per share data)	2024			2023			2023			2023			2023
EARNINGS
Net income	$	74,312		$	65,934		$	80,115		$	62,635		$	60,421
Adjusted net income⁽¹⁾	$	75,612		$	73,568		$	80,115		$	62,635		$	59,935

COMMON SHARE DATA
Earnings per share available to common shareholders
Basic	$	1.08		$	0.96		$	1.16		$	0.91		$	0.87
Diluted	$	1.08		$	0.96		$	1.16		$	0.91		$	0.87
Adjusted diluted EPS⁽¹⁾	$	1.10		$	1.07		$	1.16		$	0.91		$	0.86
Cash dividends per share	$	0.15		$	0.15		$	0.15		$	0.15		$	0.15
Book value per share (period end)	$	50.42		$	49.62		$	48.41		$	47.51		$	46.89
Tangible book value per share (period end)⁽¹⁾	$	34.52		$	33.64		$	32.38		$	31.42		$	30.79
Weighted average number of shares
Basic		68,808,393			68,824,004			68,879,352			68,989,549			69,171,562
Diluted		69,014,116			69,014,793			68,994,247			69,034,763			69,322,664
Period end number of shares		69,115,263			69,053,341			69,138,461			69,139,783			69,373,863
Market data
High intraday price	$	53.99		$	53.84		$	45.34		$	37.18		$	50.54
Low intraday price	$	44.00		$	34.26		$	33.21		$	28.33		$	34.28
Period end closing price	$	48.38		$	53.05		$	38.39		$	34.21		$	36.58
Average daily volume		407,898			390,190			361,167			475,198			452,242

PERFORMANCE RATIOS
Return on average assets		1.18	%		1.03	%		1.25	%		0.98	%		0.98	%
Adjusted return on average assets⁽¹⁾		1.20	%		1.15	%		1.25	%		0.98	%		0.97	%
Return on average common equity		8.63	%		7.73	%		9.56	%		7.63	%		7.54	%
Adjusted return on average tangible common equity⁽¹⁾		12.88	%		12.81	%		14.35	%		11.53	%		11.41	%
Earning asset yield (TE)		5.73	%		5.69	%		5.62	%		5.52	%		5.25	%
Total cost of funds		2.41	%		2.32	%		2.24	%		2.05	%		1.59	%
Net interest margin (TE)		3.51	%		3.54	%		3.54	%		3.60	%		3.76	%
Efficiency ratio		55.64	%		56.80	%		52.21	%		53.60	%		52.08	%
Adjusted efficiency ratio (TE)⁽¹⁾		54.56	%		52.87	%		52.02	%		53.41	%		51.99	%

CAPITAL ADEQUACY (period end)
Shareholders' equity to assets		13.58	%		13.60	%		13.02	%		12.73	%		12.47	%
Tangible common equity to tangible assets⁽¹⁾		9.71	%		9.64	%		9.11	%		8.80	%		8.55	%

OTHER DATA (period end)
Full time equivalent employees
Banking Division		2,082			2,088			2,082			2,104			2,132
Retail Mortgage Division		596			595			601			613			630
Warehouse Lending Division		8			7			8			8			8
Premium Finance Division		73			75			78			76			78
Total Ameris Bancorp FTE headcount		2,759			2,765			2,769			2,801			2,848

Branch locations		164			164			164			164			164
Deposits per branch location	$	128,033		$	126,271		$	125,551		$	124,653		$	121,326

⁽¹⁾Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9E

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Income Statement

Table 2

	Three Months Ended
	Mar			Dec			Sep			Jun			Mar
(dollars in thousands except per share data)	2024			2023			2023			2023			2023
Interest income
Interest and fees on loans	$	303,393		$	303,487		$	304,699		$	292,012		$	271,964
Interest on taxable securities		13,092			14,033			14,754			15,915			14,300
Interest on nontaxable securities		330			326			331			339			339
Interest on deposits in other banks		12,637			14,368			10,769			13,686			9,113
Total interest income		329,452			332,214			330,553			321,952			295,716

Interest expense
Interest on deposits		118,174			111,749			102,999			88,087			53,182
Interest on other borrowings		9,890			14,364			19,803			24,325			30,882
Total interest expense		128,064			126,113			122,802			112,412			84,064

Net interest income		201,388			206,101			207,751			209,540			211,652

Provision for loan losses		25,523			30,401			30,095			43,643			49,376
Provision for unfunded commitments		(4,422	)		(7,438	)		(5,634	)		1,873			346
Provision for other credit losses		4			(11	)		(2	)		—			7
Provision for credit losses		21,105			22,952			24,459			45,516			49,729
Net interest income after provision for credit losses		180,283			183,149			183,292			164,024			161,923

Noninterest income
Service charges on deposit accounts		11,759			12,252			12,092			11,295			10,936
Mortgage banking activity		39,430			31,461			36,290			40,742			31,392
Other service charges, commissions and fees		1,202			1,234			1,221			975			971
Gain (loss) on securities		(7	)		(288	)		(16	)		(6	)		6
Other noninterest income		13,494			11,589			13,594			14,343			12,745
Total noninterest income		65,878			56,248			63,181			67,349			56,050

Noninterest expense
Salaries and employee benefits		82,930			75,966			81,898			81,336			80,910
Occupancy and equipment		12,885			13,197			12,745			12,522			12,986
Data processing and communications expenses		14,654			14,028			12,973			13,451			13,034
Credit resolution-related expenses⁽¹⁾		486			157			(1,360	)		848			435
Advertising and marketing		2,545			2,974			2,723			2,627			3,532
Amortization of intangible assets		4,422			4,425			4,425			4,688			4,706
Other noninterest expenses		30,789			38,264			28,042			32,931			23,818
Total noninterest expense		148,711			149,011			141,446			148,403			139,421

Income before income tax expense		97,450			90,386			105,027			82,970			78,552
Income tax expense		23,138			24,452			24,912			20,335			18,131
Net income	$	74,312		$	65,934		$	80,115		$	62,635		$	60,421

Diluted earnings per common share	$	1.08		$	0.96		$	1.16		$	0.91		$	0.87

(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

	Mar			Dec			Sep			Jun			Mar
(dollars in thousands)	2024			2023			2023			2023			2023
Assets
Cash and due from banks	$	235,931		$	230,470		$	241,137		$	284,552		$	266,400
Interest-bearing deposits in banks		975,321			936,834			1,304,636			1,034,578			1,754,453
Debt securities available-for-sale, at fair value		1,414,419			1,402,944			1,424,081			1,460,356			1,496,836
Debt securities held-to-maturity, at amortized cost		147,022			141,512			141,859			142,513			134,175
Other investments		77,480			71,794			104,957			109,656			146,715
Loans held for sale		364,332			281,332			381,466			391,472			395,096

Loans, net of unearned income		20,600,260			20,269,303			20,201,079			20,471,759			19,997,871
Allowance for credit losses		(320,023	)		(307,100	)		(290,104	)		(272,071	)		(242,658	)
Loans, net		20,280,237			19,962,203			19,910,975			20,199,688			19,755,213

Other real estate owned		2,158			6,199			3,397			6,170			1,502
Premises and equipment, net		214,801			216,435			217,564			218,662			218,878
Goodwill		1,015,646			1,015,646			1,015,646			1,015,646			1,015,646
Other intangible assets, net		83,527			87,949			92,375			96,800			101,488
Cash value of bank owned life insurance		396,804			395,778			393,769			391,483			389,201
Other assets		447,767			454,603			465,968			449,042			412,781
Total assets	$	25,655,445		$	25,203,699		$	25,697,830		$	25,800,618		$	26,088,384

Liabilities
Deposits
Noninterest-bearing	$	6,538,322		$	6,491,639		$	6,589,610		$	6,706,897		$	7,297,893
Interest-bearing		14,459,068			14,216,870			14,000,735			13,736,228			12,599,562
Total deposits		20,997,390			20,708,509			20,590,345			20,443,125			19,897,455
Other borrowings		631,380			509,586			1,209,553			1,536,989			2,401,327
Subordinated deferrable interest debentures		130,814			130,315			129,817			129,319			128,820
Other liabilities		411,123			428,542			421,046			406,555			407,587
Total liabilities		22,170,707			21,776,952			22,350,761			22,515,988			22,835,189

Shareholders' Equity
Preferred stock		—			—			—			—			—
Common stock		72,683			72,516			72,514			72,515			72,484
Capital stock		1,948,352			1,945,385			1,942,852			1,939,865			1,937,664
Retained earnings		1,603,832			1,539,957			1,484,424			1,414,742			1,362,512
Accumulated other comprehensive loss, net of tax		(39,959	)		(35,939	)		(60,818	)		(50,618	)		(35,581	)
Treasury stock		(100,170	)		(95,172	)		(91,903	)		(91,874	)		(83,884	)
Total shareholders' equity		3,484,738			3,426,747			3,347,069			3,284,630			3,253,195
Total liabilities and shareholders' equity	$	25,655,445		$	25,203,699		$	25,697,830		$	25,800,618		$	26,088,384

Other Data
Earning assets	$	23,578,834		$	23,103,719		$	23,558,078		$	23,610,334		$	23,925,146
Intangible assets		1,099,173			1,103,595			1,108,021			1,112,446			1,117,134
Interest-bearing liabilities		15,221,262			14,856,771			15,340,105			15,402,536			15,129,709
Average assets		25,295,088			25,341,990			25,525,913			25,631,846			25,115,927
Average common shareholders' equity		3,462,871			3,383,554			3,324,960			3,293,049			3,250,289

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Asset Quality Information

Table 4

	Three Months Ended
	Mar			Dec			Sep			Jun			Mar
(dollars in thousands)	2024			2023			2023			2023			2023
Allowance for Credit Losses
Balance at beginning of period	$	348,727		$	339,180		$	326,783		$	295,497		$	258,163

Adoption of ASU 2022-02		—			—			—			—			(1,711	)

Provision for loan losses		25,523			30,401			30,095			43,643			49,376
Provision for unfunded commitments		(4,422	)		(7,438	)		(5,634	)		1,873			346
Provision for other credit losses		4			(11	)		(2	)		—			7
Provision for credit losses		21,105			22,952			24,459			45,516			49,729

Charge-offs		18,457			20,104			19,488			20,670			14,956
Recoveries		5,857			6,699			7,426			6,440			4,272
Net charge-offs (recoveries)		12,600			13,405			12,062			14,230			10,684

Ending balance	$	357,232		$	348,727		$	339,180		$	326,783		$	295,497

Allowance for loan losses	$	320,023		$	307,100		$	290,104		$	272,071		$	242,658
Allowance for unfunded commitments		37,136			41,558			48,996			54,630			52,757
Allowance for other credit losses		73			69			80			82			82
Total allowance for credit losses	$	357,232		$	348,727		$	339,180		$	326,783		$	295,497

Non-Performing Assets
Nonaccrual portfolio loans	$	80,448		$	60,961		$	53,806		$	57,025		$	68,028
Other real estate owned		2,158			6,199			3,397			6,170			1,502
Repossessed assets		29			17			22			9			25
Accruing loans delinquent 90 days or more		15,811			16,988			11,891			13,424			15,792
Non-performing portfolio assets	$	98,446		$	84,165		$	69,116		$	76,628		$	85,347
Serviced GNMA-guaranteed mortgage nonaccrual loans		84,238			90,156			80,752			69,655			74,999
Total non-performing assets	$	182,684		$	174,321		$	149,868		$	146,283		$	160,346

Asset Quality Ratios
Non-performing portfolio assets as a percent of total assets		0.38	%		0.33	%		0.27	%		0.30	%		0.33	%
Total non-performing assets as a percent of total assets		0.71	%		0.69	%		0.58	%		0.57	%		0.61	%
Net charge-offs as a percent of average loans (annualized)		0.25	%		0.26	%		0.23	%		0.28	%		0.22	%

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Loan Information

Table 5

	Mar		Dec		Sep		Jun		Mar
(dollars in thousands)	2024		2023		2023		2023		2023
Loans by Type
Commercial, financial and agricultural	$	2,758,716	$	2,688,929	$	2,632,836	$	2,718,831	$	2,722,180
Consumer		232,993		241,552		259,797		307,486		349,775
Indirect automobile		24,022		34,257		47,108		63,231		83,466
Mortgage warehouse		891,336		818,728		852,823		1,147,413		958,418
Municipal		477,567		492,668		497,093		510,410		505,515
Premium Finance		998,726		946,562		1,007,334		988,731		947,257
Real estate - construction and development		2,264,346		2,129,187		2,236,686		2,217,744		2,144,605
Real estate - commercial and farmland		8,131,248		8,059,754		7,865,389		7,815,779		7,721,732
Real estate - residential		4,821,306		4,857,666		4,802,013		4,702,134		4,564,923
Total loans	$	20,600,260	$	20,269,303	$	20,201,079	$	20,471,759	$	19,997,871

Loans by Risk Grade
Grades 1 through 5 - Pass	$	20,221,302	$	19,846,731	$	19,812,895	$	20,114,816	$	19,654,232
Grade 6 - Other assets especially mentioned		137,225		203,725		187,449		171,035		116,345
Grade 7 - Substandard		241,733		218,847		200,735		185,908		227,294
Total loans	$	20,600,260	$	20,269,303	$	20,201,079	$	20,471,759	$	19,997,871

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Average Balances

Table 6

	Three Months Ended
	Mar		Dec		Sep		Jun		Mar
(dollars in thousands)	2024		2023		2023		2023		2023
Earning Assets
Interest-bearing deposits in banks	$	923,845	$	936,733	$	864,028	$	998,609	$	859,614
Investment securities - taxable		1,599,705		1,591,567		1,650,164		1,699,096		1,717,448
Investment securities - nontaxable		41,287		40,227		40,896		42,580		43,052
Loans held for sale		323,351		405,080		464,452		577,606		490,295
Loans		20,320,678		20,252,773		20,371,689		20,164,938		19,820,749
Total Earning Assets	$	23,208,866	$	23,226,380	$	23,391,229	$	23,482,829	$	22,931,158

Deposits
Noninterest-bearing deposits	$	6,403,300	$	6,572,190	$	6,655,191	$	6,729,789	$	7,136,373
NOW accounts		3,829,977		3,760,992		3,661,701		3,949,850		4,145,991
MMDA		5,952,389		5,994,361		5,527,731		5,002,590		4,994,195
Savings accounts		795,887		817,075		915,678		1,009,749		1,005,614
Retail CDs		2,378,678		2,281,357		2,200,413		2,024,014		1,612,325
Brokered CDs		1,381,382		1,122,684		1,441,854		1,393,206		125,133
Total Deposits		20,741,613		20,548,659		20,402,568		20,109,198		19,019,631
Non-Deposit Funding
FHLB advances		219,589		538,096		943,855		1,408,855		1,968,811
Other borrowings		308,210		311,091		312,572		316,626		361,445
Subordinated deferrable interest debentures		130,551		130,054		129,554		129,056		128,557
Total Non-Deposit Funding		658,350		979,241		1,385,981		1,854,537		2,458,813
Total Funding	$	21,399,963	$	21,527,900	$	21,788,549	$	21,963,735	$	21,478,444

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Interest Income and Interest Expense (TE)

Table 7

	Three Months Ended
	Mar		Dec		Sep		Jun		Mar
(dollars in thousands)	2024		2023		2023		2023		2023
Interest Income
Interest-bearing deposits in banks	$	12,637	$	14,368	$	10,769	$	13,686	$	9,113
Debt securities - taxable		13,092		14,033		14,754		15,915		14,300
Debt securities - nontaxable (TE)		418		413		418		430		429
Loans held for sale		5,348		6,846		7,460		8,398		7,007
Loans (TE)		298,907		297,501		298,102		284,471		265,802
Total Earning Assets	$	330,402	$	333,161	$	331,503	$	322,900	$	296,651

Interest Expense
Interest-Bearing Deposits
NOW accounts	$	20,574	$	19,293	$	17,255	$	18,003	$	15,033
MMDA		53,953		54,002		45,683		35,224		27,809
Savings accounts		986		974		1,791		2,296		1,288
Retail CDs		24,576		22,257		19,013		14,751		7,629
Brokered CDs		18,085		15,223		19,257		17,813		1,423
Total Interest-Bearing Deposits		118,174		111,749		102,999		88,087		53,182
Non-Deposit Funding
FHLB advances		2,578		7,089		12,543		17,222		22,448
Other borrowings		3,879		3,798		3,821		3,902		5,349
Subordinated deferrable interest debentures		3,433		3,477		3,439		3,201		3,085
Total Non-Deposit Funding		9,890		14,364		19,803		24,325		30,882
Total Interest-Bearing Funding	$	128,064	$	126,113	$	122,802	$	112,412	$	84,064

Net Interest Income (TE)	$	202,338	$	207,048	$	208,701	$	210,488	$	212,587

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Yields⁽¹⁾	Table 8

	Three Months Ended
	Mar			Dec			Sep			Jun			Mar
	2024			2023			2023			2023			2023
Earning Assets
Interest-bearing deposits in banks		5.50	%		6.09	%		4.94	%		5.50	%		4.30	%
Debt securities - taxable		3.29	%		3.50	%		3.55	%		3.76	%		3.38	%
Debt securities - nontaxable (TE)		4.07	%		4.07	%		4.06	%		4.05	%		4.04	%
Loans held for sale		6.65	%		6.71	%		6.37	%		5.83	%		5.80	%
Loans (TE)		5.92	%		5.83	%		5.81	%		5.66	%		5.44	%
Total Earning Assets		5.73	%		5.69	%		5.62	%		5.52	%		5.25	%

Interest-Bearing Deposits
NOW accounts		2.16	%		2.04	%		1.87	%		1.83	%		1.47	%
MMDA		3.65	%		3.57	%		3.28	%		2.82	%		2.26	%
Savings accounts		0.50	%		0.47	%		0.78	%		0.91	%		0.52	%
Retail CDs		4.16	%		3.87	%		3.43	%		2.92	%		1.92	%
Brokered CDs		5.27	%		5.38	%		5.30	%		5.13	%		4.61	%
Total Interest-Bearing Deposits		3.31	%		3.17	%		2.97	%		2.64	%		1.82	%
Non-Deposit Funding
FHLB advances		4.72	%		5.23	%		5.27	%		4.90	%		4.62	%
Other borrowings		5.06	%		4.84	%		4.85	%		4.94	%		6.00	%
Subordinated deferrable interest debentures		10.58	%		10.61	%		10.53	%		9.95	%		9.73	%
Total Non-Deposit Funding		6.04	%		5.82	%		5.67	%		5.26	%		5.09	%
Total Interest-Bearing Liabilities		3.43	%		3.35	%		3.22	%		2.96	%		2.38	%

Net Interest Spread		2.30	%		2.34	%		2.40	%		2.56	%		2.87	%

Net Interest Margin⁽²⁾		3.51	%		3.54	%		3.54	%		3.60	%		3.76	%

Total Cost of Funds⁽³⁾		2.41	%		2.32	%		2.24	%		2.05	%		1.59	%

(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
	Mar			Dec			Sep			Jun			Mar
(dollars in thousands except per share data)	2024			2023			2023			2023			2023
Net income available to common shareholders	$	74,312		$	65,934		$	80,115		$	62,635		$	60,421

Adjustment items:
Gain on BOLI proceeds		(998	)		—			—			—			(486	)
FDIC special assessment		2,909			11,566			—			—			—
(Gain) loss on bank premises		—			(1,903	)		—			—			—
Tax effect of adjustment items (Note 1)		(611	)		(2,029	)		—			—			—
After tax adjustment items		1,300			7,634			—			—			(486	)
Adjusted net income	$	75,612		$	73,568		$	80,115		$	62,635		$	59,935

Weighted average number of shares - diluted		69,014,116			69,014,793			68,994,247			69,034,763			69,322,664
Net income per diluted share	$	1.08		$	0.96		$	1.16		$	0.91		$	0.87
Adjusted net income per diluted share	$	1.10		$	1.07		$	1.16		$	0.91		$	0.86

Average assets	$	25,295,088		$	25,341,990		$	25,525,913		$	25,631,846		$	25,115,927
Return on average assets		1.18	%		1.03	%		1.25	%		0.98	%		0.98	%
Adjusted return on average assets		1.20	%		1.15	%		1.25	%		0.98	%		0.97	%

Average common equity	$	3,462,871		$	3,383,554		$	3,324,960		$	3,293,049		$	3,250,289
Average tangible common equity	$	2,361,544		$	2,277,810		$	2,214,775		$	2,178,323		$	2,130,856
Return on average common equity		8.63	%		7.73	%		9.56	%		7.63	%		7.54	%
Adjusted return on average tangible common equity		12.88	%		12.81	%		14.35	%		11.53	%		11.41	%

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
	Mar			Dec			Sep			Jun			Mar
(dollars in thousands)	2024			2023			2023			2023			2023
Adjusted Noninterest Expense
Total noninterest expense	$	148,711		$	149,011		$	141,446		$	148,403		$	139,421
Adjustment items:
FDIC special assessment		(2,909	)		(11,566	)		—			—			—
Gain (loss) on bank premises		—			1,903			—			—			—
Adjusted noninterest expense	$	145,802		$	139,348		$	141,446		$	148,403		$	139,421

Total Revenue
Net interest income	$	201,388		$	206,101		$	207,751		$	209,540		$	211,652
Noninterest income		65,878			56,248			63,181			67,349			56,050
Total revenue	$	267,266		$	262,349		$	270,932		$	276,889		$	267,702

Adjusted Total Revenue
Net interest income (TE)	$	202,338		$	207,048		$	208,701		$	210,488		$	212,587
Noninterest income		65,878			56,248			63,181			67,349			56,050
Total revenue (TE)		268,216			263,296			271,882			277,837			268,637
Adjustment items:
(Gain) loss on securities		7			288			16			6			(6	)
Gain on BOLI proceeds		(998	)		—			—			—			(486	)
Adjusted total revenue (TE)	$	267,225		$	263,584		$	271,898		$	277,843		$	268,145

Efficiency ratio		55.64	%		56.80	%		52.21	%		53.60	%		52.08	%
Adjusted efficiency ratio (TE)		54.56	%		52.87	%		52.02	%		53.41	%		51.99	%

Tangible Book Value Per Share

Table 9C

	Three Months Ended
	Mar		Dec		Sep		Jun		Mar
(dollars in thousands except per share data)	2024		2023		2023		2023		2023
Total shareholders' equity	$	3,484,738	$	3,426,747	$	3,347,069	$	3,284,630	$	3,253,195
Less:
Goodwill		1,015,646		1,015,646		1,015,646		1,015,646		1,015,646
Other intangibles, net		83,527		87,949		92,375		96,800		101,488
Total tangible shareholders' equity	$	2,385,565	$	2,323,152	$	2,239,048	$	2,172,184	$	2,136,061

Period end number of shares		69,115,263		69,053,341		69,138,461		69,139,783		69,373,863
Book value per share (period end)	$	50.42	$	49.62	$	48.41	$	47.51	$	46.89
Tangible book value per share (period end)	$	34.52	$	33.64	$	32.38	$	31.42	$	30.79

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Non-GAAP Reconciliations (continued)

Tangible Common Equity to Tangible Assets

Table 9D

	Three Months Ended
	Mar			Dec			Sep			Jun			Mar
(dollars in thousands except per share data)	2024			2023			2023			2023			2023
Total shareholders' equity	$	3,484,738		$	3,426,747		$	3,347,069		$	3,284,630		$	3,253,195
Less:
Goodwill		1,015,646			1,015,646			1,015,646			1,015,646			1,015,646
Other intangibles, net		83,527			87,949			92,375			96,800			101,488
Total tangible shareholders' equity	$	2,385,565		$	2,323,152		$	2,239,048		$	2,172,184		$	2,136,061

Total assets	$	25,655,445		$	25,203,699		$	25,697,830		$	25,800,618		$	26,088,384
Less:
Goodwill		1,015,646			1,015,646			1,015,646			1,015,646			1,015,646
Other intangibles, net		83,527			87,949			92,375			96,800			101,488
Total tangible assets	$	24,556,272		$	24,100,104		$	24,589,809		$	24,688,172		$	24,971,250

Equity to Assets		13.58	%		13.60	%		13.02	%		12.73	%		12.47	%
Tangible Common Equity to Tangible Assets		9.71	%		9.64	%		9.11	%		8.80	%		8.55	%

PPNR ROA

Table 9E

	Three Months Ended
	Mar			Dec			Sep			Jun			Mar
(dollars in thousands except per share data)	2024			2023			2023			2023			2023
Net income	$	74,312		$	65,934		$	80,115		$	62,635		$	60,421
Plus:
Income taxes		23,138			24,452			24,912			20,335			18,131
Provision for credit losses		21,105			22,952			24,459			45,516			49,729
PPNR	$	118,555		$	113,338		$	129,486		$	128,486		$	128,281

Average Assets	$	25,295,088		$	25,341,990		$	25,525,913		$	25,631,846		$	25,115,927

Return on Average Assets (ROA)		1.18	%		1.03	%		1.25	%		0.98	%		0.98	%
PPNR ROA		1.89	%		1.77	%		2.01	%		2.01	%		2.07	%

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Segment Reporting

Table 10

	Three Months Ended
	Mar			Dec			Sep			Jun		Mar
(dollars in thousands)	2024			2023			2023			2023		2023
Retail Mortgage Division
Net interest income	$	23,287		$	24,053		$	22,805		$	21,417	$	20,027
Provision for credit losses		2,332			1,005			2,399			3,278		2,853
Noninterest income		38,765			30,588			35,691			39,808		31,058
Noninterest expense
Salaries and employee benefits		21,073			16,996			21,231			21,930		20,160
Occupancy and equipment expenses		1,049			1,210			1,182			1,224		1,283
Data processing and telecommunications expenses		1,366			1,318			1,052			1,397		1,069
Other noninterest expenses		12,530			11,634			12,153			11,859		11,747
Total noninterest expense		36,018			31,158			35,618			36,410		34,259
Income before income tax expense		23,702			22,478			20,479			21,537		13,973
Income tax expense		4,978			4,720			4,301			4,523		2,934
Net income	$	18,724		$	17,758		$	16,178		$	17,014	$	11,039

Warehouse Lending Division
Net interest income	$	6,028		$	5,965		$	6,008		$	6,166	$	5,700
Provision for credit losses		145			(68	)		(589	)		411		(194	)
Noninterest income		740			929			662			1,404		480
Noninterest expense
Salaries and employee benefits		888			296			924			772		802
Occupancy and equipment expenses		7			3			1			—		1
Data processing and telecommunications expenses		25			51			30			44		46
Other noninterest expenses		237			229			219			223		202
Total noninterest expense		1,157			579			1,174			1,039		1,051
Income before income tax expense		5,466			6,383			6,085			6,120		5,323
Income tax expense		1,148			1,340			1,278			1,285		1,118
Net income	$	4,318		$	5,043		$	4,807		$	4,835	$	4,205

Premium Finance Division
Net interest income	$	7,605		$	7,801		$	9,381		$	8,185	$	8,640
Provision for credit losses		(499	)		27			139			572		34
Noninterest income		10			9			4			9		9
Noninterest expense
Salaries and employee benefits		2,053			1,973			2,308			2,122		2,197
Occupancy and equipment expenses		76			83			89			83		59
Data processing and telecommunications expenses		79			100			73			66		85
Other noninterest expenses		1,028			1,057			1,027			1,036		1,097
Total noninterest expense		3,236			3,213			3,497			3,307		3,438
Income before income tax expense		4,878			4,570			5,749			4,315		5,177
Income tax expense		984			945			1,170			869		1,050
Net income	$	3,894		$	3,625		$	4,579		$	3,446	$	4,127

AMERIS BANCORP AND SUBSIDIARIES

FINANCIAL TABLES

Segment Reporting (continued)

Table 10

	Three Months Ended
	Mar		Dec		Sep		Jun		Mar
(dollars in thousands)	2024		2023		2023		2023		2023
Banking Division
Net interest income	$	164,468	$	168,282	$	169,557	$	173,772	$	177,285
Provision for credit losses		19,127		21,988		22,510		41,255		47,036
Noninterest income		26,363		24,722		26,824		26,128		24,503
Noninterest expense
Salaries and employee benefits		58,916		56,701		57,435		56,512		57,751
Occupancy and equipment expenses		11,753		11,901		11,473		11,215		11,643
Data processing and telecommunications expenses		13,184		12,559		11,818		11,944		11,834
Other noninterest expenses		24,447		32,900		20,431		27,976		19,445
Total noninterest expense		108,300		114,061		101,157		107,647		100,673
Income before income tax expense		63,404		56,955		72,714		50,998		54,079
Income tax expense		16,028		17,447		18,163		13,658		13,029
Net income	$	47,376	$	39,508	$	54,551	$	37,340	$	41,050

Total Consolidated
Net interest income	$	201,388	$	206,101	$	207,751	$	209,540	$	211,652
Provision for credit losses		21,105		22,952		24,459		45,516		49,729
Noninterest income		65,878		56,248		63,181		67,349		56,050
Noninterest expense
Salaries and employee benefits		82,930		75,966		81,898		81,336		80,910
Occupancy and equipment expenses		12,885		13,197		12,745		12,522		12,986
Data processing and telecommunications expenses		14,654		14,028		12,973		13,451		13,034
Other noninterest expenses		38,242		45,820		33,830		41,094		32,491
Total noninterest expense		148,711		149,011		141,446		148,403		139,421
Income before income tax expense		97,450		90,386		105,027		82,970		78,552
Income tax expense		23,138		24,452		24,912		20,335		18,131
Net income	$	74,312	$	65,934	$	80,115	$	62,635	$	60,421

Exhibit 99.2

1 st Quarter 2024 Results Investor Presentation

Cautionary Statements 1 This presentation 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 presentation 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 on credit quality and performance ; legislative and regulatory changes ; changes in U . S . government monetary and fiscal policy ; competitive pressures on product pricing and services ; the success and timing of other business strategies ; 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 , 2023 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 .

Ameris Profile Investment Rationale • Top of peer financial results with culture of discipline – credit, liquidity, expense control, capital • Diversified loan portfolio among geographies and product lines • Strong Southeast markets • Stable core deposit base • Experienced executive team with skills and leadership to continue to grow organically Strong History of Earnings 2 Charlotte MSA Tampa MSA Orlando MSA $0.86 $0.91 $1.16 $1.07 $1.10 1.89% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 1Q23 2Q23 3Q23 4Q23 1Q24 Adjusted Diluted EPS PPNR ROA

1Q 2024 Operating Highlights 3 • Net income of $74.3 million, or $1.08 per diluted share • Adjusted net income (1) of $75.6 million, or $1.10 per diluted share • PPNR ROA (1) of 1.89% for 1Q24, which includes 4bps negative impact from FDIC special assessment • Adjusted efficiency ratio (1) of 54.56% • TCE ratio (1) of 9.71% • Increase in allowance for credit losses to 1.55% of total loans • Net interest margin of 3.51% • Noninterest bearing deposits representing 31.1% of total deposits at March 31, 2024 • Interest bearing deposit costs increased 14bps in 1Q24, compared with a 20bps increase in 4Q23 • Organic loan growth of $331.0 million, or 6.6% annualized • Total deposit growth of $288.9 million, or 5.6% annualized 1 – Considered Non - GAAP measures – See reconciliation of GAAP to Non - GAAP measures in Appendix

Financial Highlights 4 1 – Considered Non - GAAP measures – See reconciliation of GAAP to Non - GAAP measures in Appendix (dollars in thousands, except per share data) Quarter to Date Results 1Q24 4Q23 Change 1Q23 Change Net Income $ 74,312 $ 65,934 13% $ 60,421 23% Adjusted Net Income (1) $ 75,612 $ 73,568 3% $ 59,935 26% Net Income Per Diluted Share $ 1.08 $ 0.96 13% $ 0.87 24% Adjusted Net Income Per Share (1) $ 1.10 $ 1.07 3% $ 0.86 28% Return on Assets 1.18% 1.03% 14% 0.98% 21% Adjusted Return on Assets (1) 1.20% 1.15% 4% 0.97% 24% Return on Equity 8.63% 7.73% 12% 7.54% 14% Return on TCE (1) 12.66% 11.48% 10% 11.50% 10% Adjusted Return on TCE (1) 12.88% 12.81% 0% 11.41% 13% Efficiency Ratio 55.64% 56.80% - 2% 52.08% 7% Adjusted Efficiency Ratio (1) 54.56% 52.87% 3% 51.99% 5% Net Interest Margin 3.51% 3.54% - 1% 3.76% - 7%

Strong Net Interest Margin 5 • Net interest income (TE) of $202.3 million in 1Q24, compared with $207.0 million in 4Q23 – Interest income (TE) decreased $2.8 million – Interest expense increased $2.0 million • Average earning assets stable at $23.2 billion • Total deposit costs up 13bp in 1Q24, compared with a 16bp increase in 4Q23 • Noninterest bearing deposits remain above historical levels and were 31.1% of total deposits at quarter end Spread Income and Margin Interest Rate Sensitivity • Asset sensitivity is approaching neutrality in anticipation of a FOMC cut in rates: – - 1.0% asset sensitivity in - 100bps – - 0.5% asset sensitivity in - 50bps – +0.5% asset sensitivity in +50bps – +0.9% asset sensitivity in +100bps • Approximately $10.0 billion of total loans reprice within one year through either maturities or floating rate indices • Cumulative weighted - average beta for all non - maturity deposits through this cycle has been 33% $212.6 $210.5 $208.7 $207.0 $202.3 3.76% 3.60% 3.54% 3.54% 3.51% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% $180.0 $185.0 $190.0 $195.0 $200.0 $205.0 $210.0 $215.0 $220.0 $225.0 $230.0 1Q23 2Q23 3Q23 4Q23 1Q24 Net Interest Income (TE) (in millions) NIM

Diversified Revenue Stream 6 • Strong revenue base of net interest income from core banking division • Additional revenue provided by our diversified lines of business Mortgage Banking Activity • Mortgage banking activity was 15% of total revenue in 1Q24 • Purchase business increased to 87% in 1Q24 due to strong core relationships with builders and realtors • Gain on sale margin improved to 2.49% in 1Q24 from 1.93% in 4Q23 Other Noninterest Income • Other Noninterest Income has been stable contributor to total revenue • Other Noninterest Income includes: • Fee income from equipment finance group • BOLI income • Gains on sales of SBA loans 79% 76% 77% 79% 75% 12% 15% 13% 12% 15% 9% 9% 10% 9% 10% $268.6 $277.8 $271.9 $263.3 $268.2 0% 20% 40% 60% 80% 100% 120% 1Q23 2Q23 3Q23 4Q23 1Q24 FTE Revenue Sources (in millions) FTE Net Interest Income Mortgage Banking Activity Other Noninterest Income 2.49% 0.00% 1.00% 2.00% 3.00% 1Q23 2Q23 3Q23 4Q23 1Q24 Mortgage Gain on Sale Margin

Disciplined Expense Control Adjusted Operating Expenses (1) and Efficiency Ratio (1) Expense Highlights 7 • Management continues to deliver high performing operating efficiency • Adjusted efficiency ratio of 54.56% in 1Q24, compared with 52.87% in 4Q23 • Total adjusted operating expenses increased $6.5 million in 1Q24 compared with 4Q23 ‒ Increase of $1.0 million in 1Q24 banking division operating expenses primarily due to cyclical payroll tax and 401(k) increase, partially offset by a decrease in incentive expense – Net increase of $5.5 million in 1Q24 lines of business operating expenses primarily due to variable and cyclical compensation increases • Disciplined expense control throughout the Company with identified reallocation of resources utilized to fund future technology and innovation costs 1 – Considered Non - GAAP measures – See reconciliation of GAAP to Non - GAAP measures in Appendix $100.7 $107.6 $101.2 $104.4 $105.4 $38.7 $40.8 $40.3 $35.0 $40.4 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 1Q23 2Q23 3Q23 4Q23 1Q24 Adjusted Operating Expenses (in millions) Banking LOBs 51.99% 53.41% 52.02% 52.87% 54.56% 40.00% 45.00% 50.00% 55.00% 60.00% 65.00% 1Q23 2Q23 3Q23 4Q23 1Q24 Adjusted Efficiency Ratio

Strong Core Deposit Base 8 Deposits by Product Type Deposit Type Balance (in 000s) % of Total Count Average per account (in 000’s) NIB 6,538,322 31.1% 301,275 21.7 NOW 3,868,998 18.4% 44,215 87.5 MMDA 6,132,745 29.2% 32,030 191.5 Savings 788,665 3.8% 64,427 12.2 CD 3,668,660 17.5% 41,129 89.2 Total 20,997,390 100% 483,076 43.5 Managed Uninsured Deposit Exposure Consumer 37% Commercial 42% Public 15% Brokered 6% Deposits by Customer 1Q24 $9.08 (43.0%) $6.16 (29.1%) $4.0 $5.0 $6.0 $7.0 $8.0 $9.0 $10.0 1Q23 2Q23 3Q23 4Q23 1Q24 Uninsured Deposits (in billions) Uninsured Deposits Uninsured Deposits Excl. Municipal Deposits • Total deposits grew $288.9 million, or 5.6% annualized, during 1Q24 • Noninterest bearing deposits remained strong at 31.1% of total deposits • Uninsured and uncollateralized deposits represent 29.1% of total deposits 1Q24 Highlights

19.73 20.81 20.29 20.81 20.44 20.90 22.46 23.69 25.27 26.45 27.46 26.26 26.84 27.89 28.62 29.92 30.79 31.42 32.38 33.64 34.52 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Tangible Book Value Capital and TBV Proven Stewards of Shareholder Value 9 • Management focused on long term growth in TBV (1) , such that over the past five years TBV has grown by 12% annualized • TBV increased $0.88 per share in 1Q24: – $0.93 from retained earnings – ($0.06) from impact of OCI – $0.01 from all other items including stock compensation and share repurchases • Repurchased 45,174 shares at an average cost of $46.58 during the quarter • TCE Ratio of 9.71% at March 31, 2024 1 – Considered Non - GAAP measures – See reconciliation of GAAP to Non - GAAP measures in Appendix Equipment Finance Acquisition LION Acquisition CECL Adoption

Diversified Loan Portfolio 1 Q24 Loan Portfolio 10 • Loan portfolio is well diversified across loan types and geographies and managed by a seasoned credit staff • Asset quality metrics remain stable and better than historic averages • CRE and C&D concentrations were 281% and 76%, respectively, at 1Q24 • Non - owner - occupied office loans totaled $1.44 billion at 1Q24, or 7.0% of total loans • ACL increased to 1.55% of total loans during 1Q24, which allows the Bank to be well - positioned to address possible negative economic conditions • SNC exposure is limited to approximately 1.3% of loans Portfolio Highlights

Loan Balance Changes 1Q24 Loan Balance Changes 11 • Loan balances increased $331 million during 1Q24, or 6.5% annualized, the majority being the result of fundings on existing construction loans and seasonal funding of warehouse lines (in millions) $135 $73 $71 $70 $52 $(9) $(10) $(15) $(36) $(60) $(40) $(20) $- $20 $40 $60 $80 $100 $120 $140 $160 RE - C&D Warehouse Lending RE - CRE CFIA Premium Finance Consumer Indirect Municipal RE - RES

Allowance for Credit Losses 12 • Increase in reserve during 1Q24 due to forecasted economic conditions • The ACL on loans equated to 1.55% of total loans at 1Q24, compared with 1.52% at 4 Q23 • The ACL on loans totaled $320.0 million at 1Q24, a net increase of $ 12.9 mil lion, or 4.2%, from 4Q23 • During 1Q24, a provision expense of $21.1 million was recorded 1 Q24 CECL Reserve Reserve Summary (in millions) 1Q24 Allowance Coverage Outstanding Balance (MM's) ALLL (MM's) % ALLL Gross Loans 20,600.3$ 320.0$ 1.55% Unfunded Commitments 4,231.5$ 37.1$ 0.88% ACL / Total Loans + Unfunded 24,831.7$ 357.2$ 1.44%

Allowance for Credit Losses 13 1Q24 CECL Reserve by Loan Type Reserve Methodology • Moody’s March 2024 Baseline forecast model provided material inputs into ACL • Primary model drivers included: • US and regional unemployment rates & home price indices • US GDP • US and state - level CRE price index for our five - state footprint • US & Regional multifamily vacancy rates Loan Type Net Outstanding (MM's) ALLL (MM's) % ALLL 12/31/23 ALLL (MM's) Change from 4Q23 CFIA 2,758.7$ 63.8$ 2.31% 64.1$ (0.3)$ Consumer 233.0$ 3.9$ 1.67% 3.9$ -$ Indirect 24.0$ -$ 0.00% 0.1$ (0.1)$ Municipal 477.6$ 0.1$ 0.02% 0.3$ (0.2)$ Premium Finance 998.7$ 0.6$ 0.06% 0.6$ -$ RE - C&D 2,264.3$ 72.1$ 3.18% 61.0$ 11.1$ RE - CRE 8,131.2$ 110.7$ 1.36% 110.1$ 0.6$ RE - RES 4,821.3$ 67.0$ 1.39% 65.3$ 1.7$ Warehouse Lending 891.3$ 1.8$ 0.20% 1.7$ 0.1$ Grand Total 20,600.3$ 320.0$ 1.55% 307.1$ 12.9$

NPA / Charge - Off Trend 14 • NPAs, as a percentage of total assets, continue to normalize and remain at an acceptable level • Total NPAs in creased $8.4 million, to $182.7 million, primarily a result of: • $5.6 million increase in commercial loans • $5.2 million net increase in mortgage loans • Offset by a $4.0 million decrease in OREO properties • Net charge - offs totaled $12.6 million, which equated to an annualized NCO ratio of 0.25% 1Q24 Credit Summary ($ in millions) 0.61% 0.57% 0.58% 0.69% 0.71% 0.33% 0.30% 0.27% 0.33% 0.38% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 1Q23 2Q23 3Q23 4Q23 1Q24 Non - Performing Assets NPA / Total Assets NPA x GNMA / Total Assets 0.22% 0.28% 0.23% 0.26% 0.25% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 1Q23 2Q23 3Q23 4Q23 1Q24 Net Charge - Offs Net Charge-offs NCO Ratio (Annualized)

Criticized/Classified Loan Trends 15 • Total criticized loans (including special mention ), excluding GNMA - guaranteed mortgage loans, de creased $37.7 million in 1Q24 • For 1Q24, classified loans, excluding GNMA - guaranteed mortgage loans, in creased $28.8 million • The majority of criticized loans is comprised of residential mortgages and assisted living facilities Highlights (in millions) Note: Criticized, Classified and Nonperforming loan totals exclude GNMA - guaranteed loans. Ratios expressed as a percent of Total Loans Net of GNMA - backed Mortgage Loans 1.34% 1.40% 1.52% 1.64% 1.43% 0.76% 0.57% 0.59% 0.63% 0.76% 0.38% 0.34% 0.33% 0.38% 0.47% $0 $50 $100 $150 $200 $250 $300 $350 1Q23 2Q23 3Q23 4Q23 1Q24 Criticized Loans Classified Loans Nonperforming Loans Total Loans Criticized Loans Classified Loans Nonperforming Loans GNMA-guaranteed Loans $76.5 $70.4 $65.7 $77.9 $96.3 $75.0 $69.7 $80.8 $90.2 $84.2 $268.6 $287.3 $307.4 $332.4 $294.7 $152.3 $116.3 $120.0 $128.7 $157.5 1Q23 2Q23 3Q23 4Q23 1Q24 $19,997.9 $20,471.8 $20,201.1 $20,269.3 $20,600.3

Investor CRE Loans 16 Stratification of Investor CRE Portfolio • Non - Owner Occupied CRE portfolio is well diversified • Over 80% of CRE loans are located in MSAs in the Bank’s five - state footprint, which exhibit population growth forecasts exceeding the national average • Overall, past dues for investor CRE loans were 0.01% and NPLs 0.04% CRE Positioned in Growing Markets Outstanding Loans (MMs) 5-Yr Proj Population Growth Rate Atlanta-Sandy Springs-Alpharetta GA 2,287.2$ 4.4% Jacksonville FL 797.9$ 6.5% Orlando-Kissimmee-Sanford FL 674.2$ 6.3% Tampa-St Petersburg-Clearwater FL 344.7$ 5.5% Greenville-Anderson SC 283.7$ 5.2% Charleston-North Charleston SC 291.8$ 6.2% Columbia, SC 253.5$ 3.7% Charlotte-Concord-Gatonia NC 316.0$ 5.8% Miami-Ft Lauderdale-Pompano Beach FL 213.1$ 2.0% Tallahassee FL 134.0$ 3.2% U.S. National Average 2.4% Investor CRE 25% C&D 11% Multi - Family 5% Loan Type Outstanding (MM's) % NPL % PD Avg Size Commitment (000's) Construction Loans: RRE - Presold 313.9$ 0.09% 0.09% 457.5$ RRE - Spec & Models 206.4$ 0.00% 0.00% 446.1$ RRE - Lots & Land 111.6$ 0.00% 0.11% 457.1$ RRE - Subdivisions 16.2$ 0.00% 0.00% 2,088.6$ Sub-Total RRE Construction 648.1$ 0.04% 0.06% 447.4$ CML - Improved 1,572.8$ 0.00% 0.00% 15,586.7$ CML - Raw Land & Other 43.5$ 0.00% 0.75% 362.3$ Sub-Total CRE Construction 1,616.3$ 0.00% 0.02% 5,898.4$ Total Construction Loans 2,264.4$ 0.01% 0.03% 1,684.4$ Term Loans: Office 1,236.0$ 0.00% 0.00% 3,004.5$ Anchored Retail 1,128.9$ 0.00% 0.00% 5,424.7$ Multi-Family 1,025.2$ 0.00% 0.01% 6,182.9$ Warehouse / Industrial 692.9$ 0.00% 0.00% 3,124.7$ Strip Center, Non-Anchored 583.0$ 0.00% 0.06% 1,452.6$ Hotels / Motels 451.3$ 0.61% 0.00% 4,666.3$ General Retail 366.1$ 0.00% 0.00% 2,476.9$ Mini-Storage Warehouse 338.4$ 0.00% 0.00% 3,578.6$ Assisted Living Facilities 133.1$ 0.00% 0.00% 6,502.8$ Misc CRE (Church, etc) 121.6$ 0.00% 0.00% 1,253.5$ Sub-Total CRE Term Loans 6,076.5$ 0.05% 0.01% 3,249.3$ Grand Total Investor CRE Loans 8,340.9$ 0.04% 0.01% 2,196.0$

Office Portfolio • Central Business District (CBD) locations represented 8 % of Investor properties ; Charleston, SC, Orlando, FL and Tampa, FL represent the largest CBD MSAs ( 88 % of total CBD properties) • The portion of the ACL allocated to Investor office loans increased from 1 . 87 % to 2 . 81 % in 1 Q 24 * Results based on term loans > $ 1 million, or 95 % of total loans 17 $- $100 $200 $300 $400 $500 2024 2025 2026 2027 2028 and beyond Scheduled Investor Office Maturities Fixed Rate Variable Rate Construction , $333 Investor CRE $1,307 Owner - Occupied $542 Total Office Portfolio by Loan Type (Total Committed Exposure) Class A 32% Class B 30% Class C 3% Essential Use 17% MOB 18% Investor Office Portfolio by Property Class * Outstanding $1.44B Unfunded $0.20B Total Commited Exposure $1.64B Allowance Coverage 2.81% PD Ratio 0.00% NPL Ratio 0.00% Criticized Ratio 0.75% Criticized ACL Coverage 375% Average LTV* 57% Average DSC* 1.66 Class A, Essential Use, & MOB 67% Investor Office

Equipment Finance Portfolio 18 • Total loans were $1.35 billion, or 6.6% of the Bank’s total portfolio • The overall average loan size was $52,600 • Loan production totaled $181.8 million in 1Q24; the average FICO score on new loans was 749 • 30 - 89 day accruing past due loans were 1.11% of total loans • Non - performing loans improved to 0.29% of total loans • The portion of the ACL attributed to the Equipment Finance division totaled $50.2 million, or 3.72% of loans Highlights (in millions) $1,115 $1,175 $1,210 $1,287 $1,351 $197 $168 $157 $200 $182 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 1Q23 2Q23 3Q23 4Q23 1Q24 Total Loans (MM's) Quarterly Originations (MM's) 0.95% 1.03% 0.85% 1.01% 1.11% 0.87% 0.65% 0.39% 0.41% 0.29% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1Q23 2Q23 3Q23 4Q23 1Q24 30-89 days Accruing Past Dues Non-Performing Loans

Appendix

20 Reconciliation of GAAP to Non - GAAP Measures (dollars in thousands) 1Q24 4Q23 1Q23 Net Income $ 74,312 $ 65,934 $ 60,421 Adjustment items Gain on BOLI proceeds (998) - (486) FDIC special assessment 2,909 11,566 - Gain on sale of premises - (1,903) - Tax effect of adjustment items (611) (2,029) - After tax adjustment items 1,300 7,634 (486) Adjusted Net Income $ 75,612 $ 73,568 $ 59,935 Weighted average number of shares - diluted 69,014,116 69,014,793 69,322,664 Net income per diluted share $ 1.08 $ 0.96 $ 0.87 Adjusted net income per diluted share $ 1.10 $ 1.07 $ 0.86 Average assets 25,295,088 25,341,990 25,115,927 Return on average assets 1.18% 1.03% 0.98% Adjusted return on average assets 1.20% 1.15% 0.97% Average common equity 3,462,871 3,383,554 3,250,289 Average tangible common equity 2,361,544 2,277,810 2,130,856 Return on average common equity 8.63% 7.73% 7.54% Return on average tangible common equity 12.66% 11.48% 11.50% Adjusted return on average tangible common equity 12.88% 12.81% 11.41% For the quarter

21 Reconciliation of GAAP to Non - GAAP Measures (dollars in thousands) 1Q24 4Q23 3Q23 2Q23 1Q23 Adjusted Noninterest Expense Total noninterest expense 148,711$ 149,011$ 141,446$ 148,403$ 139,421$ Adjustment items: FDIC special assessment (2,909) (11,566) - - - Gain on sale of premises - 1,903 - - - Adjusted noninterest expense 145,802$ 139,348$ 141,446$ 148,403$ 139,421$ Total Revenue Net interest income 201,388$ 206,101$ 207,751$ 209,540$ 211,652$ Noninterest income 65,878 56,248 63,181 67,349 56,050 Total revenue 267,266$ 262,349$ 270,932$ 276,889$ 267,702$ Adjusted Total Revenue Net interest income (TE) 202,338$ 207,048$ 208,701$ 210,488$ 212,587$ Noninterest income 65,878 56,248 63,181 67,349 56,050 Total revenue (TE) 268,216$ 263,296$ 271,882$ 277,837$ 268,637$ Adjustment items: (Gain) loss on securities 7 288 16 6 (6) Gain on BOLI proceeds (998) - - - (486) Adjusted total revenue (TE) 267,225$ 263,584$ 271,898$ 277,843$ 268,145$ Efficiency ratio 55.64% 56.80% 52.21% 53.60% 52.08% Adjusted efficiency ratio (TE) 54.56% 52.87% 52.02% 53.41% 51.99% Quarter to Date

22 Reconciliation of GAAP to Non - GAAP Measures (dollars in thousands) 1Q24 4Q23 3Q23 2Q23 1Q23 Total shareholders' equity 3,484,738$ 3,426,747$ 3,347,069$ 3,284,630$ 3,253,195$ Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 83,527 87,949 92,375 96,800 101,488 Total tangible shareholders' equity 2,385,565$ 2,323,152$ 2,239,048$ 2,172,184$ 2,136,061$ Period end number of shares 69,115,263 69,053,341 69,138,461 69,139,783 69,373,863 Book value per share (period end) 50.42$ 49.62$ 48.41$ 47.51$ 46.89$ Tangible book value per share (period end) 34.52$ 33.64$ 32.38$ 31.42$ 30.79$ Total assets $ 25,655,445 $ 25,203,699 $ 25,697,830 $ 25,800,618 $ 26,088,384 Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 83,527 87,949 92,375 96,800 101,488 Total tangible assets 24,556,272$ 24,100,104$ 24,589,809$ 24,688,172$ 24,971,250$ Equity to Assets 13.58% 13.60% 13.02% 12.73% 12.47% Tangible Common Equity to Tangible Assets 9.71% 9.64% 9.11% 8.80% 8.55% Quarter to Date

23 Reconciliation of GAAP to Non - GAAP Measures (dollars in thousands) 1Q24 4Q23 3Q23 2Q23 1Q23 Net income 74,312$ 65,934$ 80,115$ 62,635$ 60,421$ Plus: Income taxes 23,138 24,452 24,912 20,335 18,131 Provision for credit losses 21,105 22,952 24,459 45,516 49,729 Pre-tax pre-provision net revenue (PPNR) 118,555$ 113,338$ 129,486$ 128,486$ 128,281$ Average Assets $ 25,295,088 $ 25,341,990 $ 25,525,913 $ 25,631,846 $ 25,115,927 Return on Average Assets (ROA) 1.18% 1.03% 1.25% 0.98% 0.98% PPNR ROA 1.89% 1.77% 2.01% 2.01% 2.07% Quarter to Date

24 Reconciliation of GAAP to Non - GAAP Measures (dollars in thousands) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 1Q22 4Q21 3Q21 Total shareholders' equity 3,484,738$ 3,426,747$ 3,347,069$ 3,284,630$ 3,253,195$ 3,197,400$ 3,119,070$ 3,073,376$ 3,007,159$ 2,966,451$ 2,900,770$ Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,023,071 1,023,056 1,022,345 1,012,620 928,005 Other intangibles, net 83,527 87,949 92,375 96,800 101,488 106,194 110,903 115,613 120,757 125,938 60,396 Total tangible shareholders' equity 2,385,565$ 2,323,152$ 2,239,048$ 2,172,184$ 2,136,061$ 2,075,560$ 1,985,096$ 1,934,707$ 1,864,057$ 1,827,893$ 1,912,369$ Period end number of shares 69,115,263 69,053,341 69,138,461 69,139,783 69,373,863 69,369,050 69,352,709 69,360,461 69,439,084 69,609,228 69,635,435 Book value per share (period end) 50.42$ 49.62$ 48.41$ 47.51$ 46.89$ 46.09$ 44.97$ 44.31$ 43.31$ 42.62$ 41.66$ Tangible book value per share (period end) 34.52$ 33.64$ 32.38$ 31.42$ 30.79$ 29.92$ 28.62$ 27.89$ 26.84$ 26.26$ 27.46$ 2Q21 1Q21 4Q20 3Q20 2Q20 1Q20 4Q19 3Q19 2Q19 1Q19 Total shareholders' equity 2,837,004$ 2,757,596$ 2,647,088$ 2,564,683$ 2,460,130$ 2,437,150$ 2,469,582$ 2,420,723$ 1,537,121$ 1,495,584$ Less: Goodwill 928,005 928,005 928,005 928,005 928,005 931,947 931,637 911,488 501,140 501,308 Other intangibles, net 63,783 67,848 71,974 76,164 80,354 85,955 91,586 97,328 52,437 55,557 Total tangible shareholders' equity 1,845,216$ 1,761,743$ 1,647,109$ 1,560,514$ 1,451,771$ 1,419,248$ 1,446,359$ 1,411,907$ 983,544$ 938,719$ Period end number of shares 69,767,209 69,713,426 69,541,481 69,490,546 69,461,968 69,441,274 69,503,833 69,593,833 47,261,584 47,585,309 Book value per share (period end) 40.66$ 39.56$ 38.06$ 36.91$ 35.42$ 35.10$ 35.53$ 34.78$ 32.52$ 31.43$ Tangible book value per share (period end) 26.45$ 25.27$ 23.69$ 22.46$ 20.90$ 20.44$ 20.81$ 20.29$ 20.81$ 19.73$ As of As of

Ameris Bancorp Press Release & Financial Highlights March 31, 2024

Ameris Bancorp
(Exact Name of Registrant as Specified in Charter)
Georgia	001-13901	58-1456434
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

	3490 Piedmont Road N.E., Suite 1550, Atlanta, Georgia	30305
	(Address of Principal Executive Offices)	(Zip Code)

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $1.00 per share	ABCB	Nasdaq Global Select Market

	AMERIS BANCORP

	By:	/s/ Nicole S. Stokes
		Nicole S. Stokes
		Chief Financial Officer


Date: April 25, 2024

99.1	Press release dated April 25, 2024

99.2	Investor Presentation re: 1^st Quarter 2024 Results

104	Cover Page Interactive Data File (embedded within the Inline XBRL document)