Press release
January 29, 2026
Ameris Bancorp Announces Fourth Quarter and Record Full Year 2025 Financial Results
Ameris Bancorp (ABCB)
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
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.
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
Category: Earnings
For more information, contact:
Brady Gailey
Executive Director of Corporate Development
(404) 240-1517
Source: Ameris Bancorp