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  4. [8-K] Ameris Bancorp Reports Material Event

Ameris Bancorp authorizes up to $200M stock buyback

Quarterly net interest income rose 8.2% year over year, while nine-month GAAP net income was lower than in 2025.

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Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

Ameris Bancorp (ABCB) reported third-quarter 2026 net income of $116.1 million, or $1.73 per diluted share, compared with $106.0 million and $1.54 a year earlier. Tax-equivalent net interest income was $258.6 million, up 8.2% year over year. For the first nine months, GAAP net income was $278.0 million versus $303.8 million, while adjusted net income was $333.8 million versus $301.6 million.

At September 30, total deposits were $22.91 billion and loans net of unearned income were $22.35 billion; during the quarter deposits increased $319.4 million and loans increased $173.1 million. Noninterest-bearing deposits were 29.2% of deposits. Nonperforming assets were 0.54% of total assets, up from 0.47% at June 30; excluding GNMA-guaranteed mortgages, the ratio was 0.40%, versus 0.35%.

The board authorized repurchases of up to $200.0 million of common stock through October 31, 2027; the program does not require purchases of a specific number of shares. Noninterest expense totaled $158.7 million, down $84.0 million from the prior quarter, primarily reflecting an $80.8 million decline in litigation expense accrual.

1 point · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 1 point

How the balance works

Positive

  • Moderate pointQuarterly net income rose 9%; nine-month adjusted net income increased 11%.

Negative

  • Moderate pointNine-month GAAP net income declined 8% to $278.0 million.

Filing Explained

The investor presentation reports that Ameris repurchased $93.8 million of common shares in 2026, with no repurchases in the third quarter.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Third-quarter net income $116.1 million Quarter ended September 30, 2026; compared with $106.0 million in the same quarter of 2025
Diluted earnings per share $1.73 per share Quarter ended September 30, 2026; compared with $1.54 in the same quarter of 2025
Tax-equivalent net interest income $258.6 million Third quarter of 2026; up 8.2% from the third quarter of 2025
Nine-month GAAP net income $278.0 million Nine months ended September 30, 2026; compared with $303.8 million in 2025
Nine-month adjusted net income $333.8 million Nine months ended September 30, 2026; compared with $301.6 million in 2025
Share repurchase authorization Up to $200.0 million Authorized October 16, 2026; repurchases authorized through October 31, 2027
Nonperforming assets as a percentage of total assets 0.54% At September 30, 2026, compared with 0.47% at June 30, 2026
tax-equivalent basis financial
"Net interest income on a tax-equivalent basis"
A tax-equivalent basis is a way to compare investments by converting a tax-free return into the taxable return you would need to receive the same after-tax income, using your marginal tax rate. It matters to investors because it lets you compare dissimilar securities — for example, a tax-exempt bond versus a taxable bond — on an equal footing, much like converting different currencies to the same money before comparing prices.
net interest margin financial
"net interest margin was 3.87%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
allowance for credit losses financial
"allowance for credit losses on loans was 1.62%"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
nonperforming assets financial
"nonperforming assets as a percentage of total assets"
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
tangible book value per share financial
"Tangible book value per share increased"
Tangible book value per share is the company's total physical and financial assets minus its liabilities and intangible items (like goodwill and brand value), divided by the number of outstanding shares. It gives investors a conservative, per‑share estimate of what would remain if the business sold only its hard assets and paid its debts—useful for judging whether a stock is priced above or below its underlying, tangible worth, like valuing a property by its bricks and cash rather than its reputation.
Net income $116.1 million Up 9% year over year, from $106.0 million
Diluted earnings per share $1.73 per share Up 12% year over year, from $1.54
Net interest income (tax-equivalent) $258.6 million Up 8.2% year over year, from $238.9 million
Adjusted net income $116.0 million Up 11% year over year, from $104.1 million

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Ameris Bancorp (ABCB) earn in Q3 2026?
Ameris Bancorp reported net income of $116.1 million, or $1.73 per diluted share, for the quarter ended September 30, 2026. Net income was $106.0 million and diluted earnings were $1.54 per share in the same quarter of 2025.

What is Ameris Bancorp's share repurchase authorization?
The board authorized repurchases of up to $200.0 million of common stock through October 31, 2027. Repurchases may occur in the open market or through negotiated transactions, and the program does not require the company to repurchase a specific number of shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false000035156900003515692026-10-222026-10-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):October 22, 2026
Ameris Bancorp
(Exact Name of Registrant as Specified in Charter)
Georgia001-1390158-1456434
(State or Other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
    
3490 Piedmont Road N.E., Suite 1550
Atlanta,Georgia30305
(Address of Principal Executive Offices)(Zip Code)
Registrant’s telephone number, including area code:(404)639-6500
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $1.00 per share
ABCB
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨


Item 2.02 Results of Operations and Financial Condition.

On October 22, 2026, Ameris Bancorp (the “Company”) issued a press release announcing its unaudited financial results for the quarter ended September 30, 2026. A copy of that press release is attached to this Current Report on Form 8-K (this “Report”) as Exhibit 99.1.

The information contained in this Item 2.02 and in Exhibit 99.1 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD Disclosure.

A copy of the investor presentation material that the Company will present regarding its earnings during the teleconference beginning at 9:00 a.m. Eastern time on October 23, 2026 is attached to this Report as Exhibit 99.2. The investor presentation material is also available on the “Investor Relations” page of the Company’s website (http://www.amerisbank.com).

The information contained in this Item 7.01 and in Exhibit 99.2 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1
Press Release Dated October 22, 2026
99.2
Investor Presentation re: 3rd Quarter 2026 Results
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
AMERIS BANCORP
By:/s/ Nicole S. Stokes
Nicole S. Stokes
Chief Financial Officer


Date: October 22, 2026



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News Release

AMERIS BANCORP ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS

Highlights of Ameris’s results for the third quarter of 2026 include the following:
•Net income of $116.1 million, or $1.73 per diluted share
•Return on average assets of 1.61%
•Return on average tangible common equity(1) of 15.01%
•Efficiency ratio of 49.32%
•Growth in average earning assets of $300.5 million, or 4.5% annualized
•Loan growth of $173.1 million, or 3.1% annualized
•Deposit growth of $319.4 million, or 5.6% annualized
•Noninterest-bearing deposits represent 29.2% of total deposits
•Annualized net charge-offs declined to 0.19% of average total loans
•Tangible book value(1) growth of $0.55 per share, or 4.8% annualized, to $45.65 at September 30, 2026

ATLANTA, GA, October 22, 2026 - Ameris Bancorp (NYSE: ABCB) (the “Company” or “Ameris”) today reported net income of $116.1 million, or $1.73 per diluted share, for the quarter ended September 30, 2026, compared with $106.0 million, or $1.54 per diluted share, for the quarter ended September 30, 2025.

For the year-to-date period ending September 30, 2026, the Company reported net income of $278.0 million, or $4.13 per diluted share, compared with $303.8 million, or $4.41 per diluted share, for the same period in 2025.

Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, “Ameris delivered another strong quarter, reflecting our consistent focus on profitable growth, expense discipline and prudent balance sheet management. We achieved a net interest margin of 3.87%, with mid-single-digit growth in average earning assets and deposits. Return on average assets exceeded 1.60%, and our efficiency ratio improved to below 50%. Our capital position, core funding base and credit reserves remain strong, providing a solid foundation as macroeconomic conditions evolve. We remain measured in our approach to growth, maintaining disciplined underwriting and carefully allocating capital. We are confident in the strength of our Southeast franchise and remain focused on deepening customer relationships and driving disciplined organic growth. As always, our strategic decisions will be guided by the best long-term interests of the Company and our shareholders.”

Net Interest Income and Net Interest Margin
Net interest income on a tax-equivalent basis (TE) was $258.6 million in the third quarter of 2026, an increase of $5.2 million, or 2.0%, from last quarter and $19.7 million, or 8.2%, compared with the third quarter of 2025. The Company's average earning assets increased during the quarter by $300.5 million, or 4.5% annualized, primarily due to an increase of $260.0 million in average portfolio loans outstanding and an increase of $99.3 million in the average balance of investment securities, which was partially offset by a decrease of $80.7 million in average loans held for sale.

The Company's net interest margin was 3.87% for the third quarter of 2026, a decrease of one basis point from the second quarter of 2026 and a seven basis point improvement from the third quarter of 2025.

Yields on earning assets increased one basis point during the quarter to 5.62%, compared with 5.61% in the second quarter of 2026. This increase is primarily related to a three basis point increase in yield on portfolio loans outstanding and a 29 basis point increase in yield on loans held for sale, which was partially offset by a 10 basis point decrease in yield on taxable investment securities during the third quarter of 2026.



The Company’s total cost of funds increased three basis points to 1.94% in the third quarter of 2026, compared with 1.91% in the second quarter of 2026, and improved 11 basis points compared with the third quarter of 2025. Deposit costs increased five basis points during the third quarter of 2026 to 1.82%, compared with 1.77% in the second quarter of 2026. The cost of interest-bearing deposits during the quarter was 2.58%, an increase of six basis points compared with the second quarter of 2026.

Noninterest Income
Noninterest income decreased $9.4 million, or 12.7%, in the third quarter of 2026 to $64.2 million, compared with $73.5 million for the second quarter of 2026, driven primarily by a $7.2 million decrease in gain on securities. Mortgage banking activity decreased $3.3 million, or 10.1%, to $29.2 million in the third quarter of 2026, compared with $32.5 million for the second quarter of 2026. Total production in the retail mortgage division decreased $157.9 million, or 13.7%, to $994.4 million in the third quarter of 2026, compared with $1.15 billion for the second quarter of 2026. The retail mortgage open pipeline was $439.9 million at the end of the third quarter of 2026, compared with $609.3 million at the end of the second quarter of 2026. Gain on sale spreads increased to 2.09% in the third quarter of 2026 from 2.04% for the second quarter of 2026. Equipment finance activity increased $1.4 million, or 15.7%, to $10.4 million, compared with $8.9 million for the second quarter of 2026. Gain on securities was $230,000 for the third quarter of 2026, compared with $7.4 million for the second quarter of 2026. Other noninterest income decreased $317,000, or 3.3%, in the third quarter of 2026 to $9.2 million, compared with $9.6 million for the second quarter of 2026.

Noninterest Expense
Noninterest expense decreased $84.0 million, or 34.6%, to $158.7 million during the third quarter of 2026, compared with $242.7 million for the second quarter of 2026. The decrease was driven by a litigation expense accrual decline of $80.8 million. Adjusted noninterest expense(1) decreased $2.5 million, or 1.5%, compared with the second quarter of 2026, primarily due to decreased mortgage compensation and legal expenses. Management continues to focus on delivering high performing operating efficiency, reflected by an adjusted efficiency ratio(1) of 49.15% in the third quarter of 2026, compared with 50.42% in the second quarter of 2026 and 49.62% in the third quarter of 2025.

Income Tax Expense
The Company's effective tax rate for the third quarter of 2026 was 22.9%, compared with 22.1% for the second quarter of 2026, with the increased rate resulting primarily from the relative impact of higher pre-tax earnings compared with the second quarter of 2026.

Balance Sheet Trends
Total assets at September 30, 2026 were $28.55 billion, compared with $28.49 billion at June 30, 2026 and $27.52 billion at December 31, 2025. During the third quarter of 2026, loans, net of unearned income, increased by $173.1 million, or 3.1% annualized. Loans held for sale decreased to $398.5 million at September 30, 2026 from $623.2 million at December 31, 2025. Debt securities available-for-sale totaled $2.48 billion, compared with $2.46 billion at June 30, 2026 and $2.21 billion at December 31, 2025.

At September 30, 2026, total deposits were $22.91 billion, compared with $22.59 billion at June 30, 2026 and $22.38 billion at December 31, 2025. During the third quarter of 2026, deposits increased $319.4 million, or 5.6% annualized, with interest bearing deposits increasing by $407.2 million and noninterest-bearing deposits decreasing by $87.8 million. The increase in end of period balances was driven primarily by an increase of $399.7 million in money market accounts and an increase of $129.5 million in brokered CDs, which was partially offset by a decrease of $79.8 million in retail CDs. Noninterest-bearing deposits represented 29.2% of total deposits at September 30, 2026, compared with 28.7% at December 31, 2025. 

Shareholders’ equity at September 30, 2026 totaled $4.12 billion, an increase of $48.2 million, or 1.2%, from December 31, 2025. The increase in shareholders’ equity was primarily the result of earnings of $278.0 million during the first nine months of 2026, largely offset by share repurchases, dividends declared and a decrease in accumulated other comprehensive income of $97.6 million resulting from changes in interest rates on the Company's investment portfolio. Tangible book value per share(1) increased $1.47 per share, or 4.4% annualized, during the first



nine months of 2026 to $45.65 at September 30, 2026. Tangible common equity as a percentage of tangible assets was 11.14% at September 30, 2026, compared with 11.37% at the end of 2025.

Credit Quality
During the third quarter of 2026, the Company recorded a provision for credit losses of $12.6 million, compared with a provision of $17.3 million in the second quarter of 2026. The allowance for credit losses on loans was 1.62% of loans at September 30, 2026, unchanged from the end of 2025. Nonperforming assets as a percentage of total assets increased seven basis points to 0.54% during the quarter. Approximately $38.8 million, or 25.2%, of the nonperforming assets at September 30, 2026 were GNMA-guaranteed mortgage loans, which present minimal loss exposure for the Company. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets increased five basis points to 0.40% at September 30, 2026, compared with 0.35% at the end of the second quarter of 2026. The net charge-off ratio was 19 basis points for the third quarter of 2026, compared with 20 basis points for the second quarter of 2026.

Share Repurchase Program
The Company's board of directors, on October 16, 2026, authorized the Company to repurchase up to $200.0 million of its outstanding common stock. Repurchases of shares, which are authorized to occur through October 31, 2027, will be made, if at all, in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including share acquisition price, regulatory limitations and other market and economic factors. The program does not require the Company to repurchase any specific number of shares. The board's authorization is a continuation and replenishment of the Company's previously announced share repurchase program which was set to expire on October 31 and under which the Company has repurchased $134.6 million of its outstanding common stock in the past 12 months.

Conference Call
The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, October 23, 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 October 30, 2026. To listen to the replay, dial 1-855-669-9658. The conference replay access code is 7791097. The financial information discussed will be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com. Participants also may listen to a live webcast of the presentation by visiting the link on the Investor Relations page of the Ameris Bank website.

About Ameris Bancorp
Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates financial centers in five southeastern states and also serves consumer and business customers nationwide through select lending channels. Ameris manages $28.5 billion in assets as of September 30, 2026, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.

(1) Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D.
This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management uses these non-GAAP financial measures in its analysis of the Company’s performance. These measures are useful when evaluating the underlying performance and efficiency of the Company’s operations and balance sheet. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company’s management believes that investors may use these non-GAAP financial measures to evaluate the Company’s financial performance without the impact of unusual items that may obscure trends in the Company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies.




This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on management's opinions only as of the date hereof and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness and payment behavior of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin, investment security valuations and other performance measures; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government trade, monetary and fiscal policies, including tariffs; competitive pressures on product pricing and services; fraud, theft or other misconduct impacting our customers or operations; cybersecurity risks, including data breaches, malware, ransomware and account takeover; the success and timing of our business strategies and plans; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements except as required by law.

For more information, contact:
Brady Gailey
Executive Director of Corporate Development
(404) 240-1517


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Financial HighlightsTable 1
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands except per share data)2026202620262025202520262025
EARNINGS
Net income$116,093 $51,446 $110,492 $108,356 $106,029 $278,031 $303,798 
Adjusted net income(1)
$115,990 $107,309 $110,492 $108,808 $104,110 $333,791 $301,580 
COMMON SHARE DATA
Earnings per share available to common shareholders
Basic$1.74$0.77$1.64$1.59$1.55$4.15$4.43
Diluted$1.73$0.77$1.63$1.59$1.54$4.13$4.41
Adjusted diluted EPS(1)
$1.73$1.60$1.63$1.59$1.52$4.96$4.38
Cash dividends per share$0.20$0.20$0.20$0.20$0.20$0.60$0.60
Book value per share (period end)$61.46$60.96$60.64$59.92$58.56$61.46$58.56
Tangible book value per share (period end)(1)
$45.65$45.10$44.79$44.18$42.90$45.65$42.90
Weighted average number of shares
Basic66,775,29366,883,93567,540,44468,022,34668,401,73767,063,75568,592,529
Diluted67,024,65367,099,94167,766,99768,328,36568,665,66967,293,30768,830,787
Period end number of shares67,108,48967,106,58767,320,29868,022,31668,587,74267,108,48968,587,742
Market data
High intraday price$93.22$91.41$87.98$78.99$76.58$93.22$76.58
Low intraday price$79.34$77.01$73.20$68.80$64.30$73.20$48.27
Period end closing price$79.52$90.26$77.99$74.27$73.31$79.52$73.31
Average daily volume433,973531,184558,814448,341435,766506,927427,673
PERFORMANCE RATIOS
Return on average assets1.61 %0.73 %1.62 %1.57 %1.56 %1.32 %1.52 %
Adjusted return on average assets(1)
1.61 %1.53 %1.62 %1.58 %1.53 %1.59 %1.51 %
Return on average common equity11.15 %5.00 %10.91 %10.63 %10.61 %9.02 %10.48 %
Adjusted return on average tangible common equity(1)
15.00 %14.08 %14.75 %14.53 %14.30 %14.61 %14.42 %
Earning asset yield (TE)5.62 %5.61 %5.57 %5.61 %5.66 %5.60 %5.64 %
Total cost of funds1.94 %1.91 %1.88 %1.95 %2.05 %1.91 %2.06 %
Net interest margin (TE)3.87 %3.88 %3.88 %3.85 %3.80 %3.88 %3.77 %
Efficiency ratio49.32 %74.45 %49.97 %46.59 %49.19 %58.05 %51.16 %
Adjusted efficiency ratio(1)
49.15 %50.42 %49.97 %46.68 %49.62 %49.84 %51.34 %
CAPITAL ADEQUACY (period end)
Shareholders' equity to assets14.45 %14.36 %14.52 %14.81 %14.82 %14.45 %14.82 %
Tangible common equity to tangible assets(1)
11.14 %11.04 %11.15 %11.37 %11.31 %11.14 %11.31 %
OTHER DATA (period end)
Full time equivalent employees
Banking Division2,020 2,039 2,023 2,043 2,068 2,020 2,068 
Retail Mortgage Division505 516 528 538 546 505 546 
Warehouse Lending Division7 7 7 7 8 7 8 
Premium Finance Division86 88 84 85 78 86 78 
Total Ameris Bancorp FTE headcount2,618 2,650 2,642 2,673 2,700 2,618 2,700 
Branch locations163 163 163 163 164 163 164 
Deposits per branch location$140,534 $138,574 $138,876 $137,276 $135,537 $140,534 $135,537 
(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 StatementTable 2
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands except per share data)2026202620262025202520262025
Interest income
Interest and fees on loans$334,538 $326,705 $317,883 $323,833 $321,457 $979,126 $941,518 
Interest on taxable securities30,969 30,217 25,474 24,886 23,253 86,660 62,441 
Interest on nontaxable securities374 383 374 422 343 1,131 1,006 
Interest on deposits in other banks8,667 8,270 8,040 8,922 9,993 24,977 31,497 
Total interest income374,548 365,575 351,771 358,063 355,046 1,091,894 1,036,462 
Interest expense
Interest on deposits104,762 98,995 96,227 105,314 106,851 299,984 318,862 
Interest on other borrowings12,108 14,096 11,108 7,442 10,231 37,312 25,984 
Total interest expense116,870 113,091 107,335 112,756 117,082 337,296 344,846 
Net interest income257,678 252,484 244,436 245,307 237,964 754,598 691,616 
Provision for loan losses13,306 15,894 17,895 16,601 11,176 47,095 30,805 
Provision for unfunded commitments(727)1,360 (1,338)6,348 11,446 (705)16,484 
Provision for other credit losses(1)(1)(6)1 8 (8)5 
Provision for credit losses12,578 17,253 16,551 22,950 22,630 46,382 47,294 
Net interest income after provision for credit losses245,100 235,231 227,885 222,357 215,334 708,216 644,322 
Noninterest income
Service charges on deposit accounts14,072 14,044 13,679 14,088 13,931 41,795 40,557 
Mortgage banking activity29,226 32,526 37,008 31,874 40,666 98,760 115,141 
Other service charges, commissions and fees1,046 1,065 1,027 1,102 1,124 3,138 3,391 
Gain on securities230 7,392 — 12 1,581 7,622 1,621 
Equipment finance activity10,353 8,948 9,086 8,434 8,858 28,387 22,128 
Other noninterest income9,240 9,557 9,120 6,317 10,114 27,917 26,370 
Total noninterest income64,167 73,532 69,920 61,827 76,274 207,619 209,208 
Noninterest expense
Salaries and employee benefits90,330 91,494 91,366 81,997 90,948 273,190 266,871 
Occupancy and equipment12,573 12,555 11,625 11,321 11,524 36,753 33,602 
Data processing and communications expenses17,096 15,571 16,793 16,236 16,058 49,460 46,279 
Credit resolution-related expenses(1)
179 798 509 953 770 1,486 2,192 
Advertising and marketing3,211 3,452 3,296 1,984 3,377 9,959 10,005 
Amortization of intangible assets2,944 3,114 3,393 3,879 3,879 9,451 12,058 
Loan servicing expenses7,080 7,205 7,380 7,267 8,142 21,665 23,862 
Other noninterest expenses25,335 108,525 22,718 19,453 19,868 156,578 65,991 
Total noninterest expense158,748 242,714 157,080 143,090 154,566 558,542 460,860 
Income before income tax expense150,519 66,049 140,725 141,094 137,042 357,293 392,670 
Income tax expense34,426 14,603 30,233 32,738 31,013 79,262 88,872 
Net income$116,093 $51,446 $110,492 $108,356 $106,029 $278,031 $303,798 
Diluted earnings per common share$1.73 $0.77 $1.63 $1.59 $1.54 $4.13 $4.41 
(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 SheetTable 3
SepJunMarDecSep
(dollars in thousands)20262026202620252025
Assets
Cash and due from banks$211,104 $237,431 $235,114 $253,807 $216,927 
Interest-bearing deposits in banks926,066 959,682 1,094,185 835,113 826,237 
Debt securities available-for-sale, at fair value2,477,536 2,460,623 2,353,396 2,207,173 2,131,671 
Debt securities held-to-maturity, at amortized cost201,808 208,155 202,550 203,242 202,581 
Other investments103,110 123,871 100,718 85,443 70,644 
Loans held for sale398,514 482,220 496,629 623,152 604,136 
Loans, net of unearned income22,350,983 22,177,865 21,827,980 21,513,522 21,258,374 
Allowance for credit losses(362,308)(359,513)(354,682)(348,141)(345,294)
Loans, net21,988,675 21,818,352 21,473,298 21,165,381 20,913,080 
Other real estate owned4,148 4,043 3,091 2,918 3,137 
Premises and equipment, net222,223 220,500 216,397 213,097 211,567 
Goodwill1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 
Other intangible assets, net45,373 48,317 51,430 54,824 58,703 
Cash value of bank owned life insurance430,335 427,789 424,164 420,583 417,096 
Other assets525,157 482,214 443,317 435,500 428,404 
Total assets$28,549,695 $28,488,843 $28,109,935 $27,515,879 $27,099,829 
Liabilities
Deposits
Noninterest-bearing$6,695,113 $6,782,882 $6,748,976 $6,426,145 $6,757,233 
Interest-bearing16,211,860 15,804,691 15,887,764 15,949,850 15,470,845 
Total deposits22,906,973 22,587,573 22,636,740 22,375,995 22,228,078 
Other borrowings928,008 1,250,049 887,974 558,039 337,094 
Subordinated deferrable interest debentures135,798 135,299 134,801 134,302 133,804 
Other liabilities454,661 425,345 368,293 371,515 384,152 
Total liabilities24,425,440 24,398,266 24,027,808 23,439,851 23,083,128 
Shareholders' Equity
Preferred stock— — — — — 
Common stock73,267 73,265 73,252 72,898 72,900 
Capital stock1,982,500 1,978,573 1,973,881 1,971,131 1,968,124 
Retained earnings2,447,900 2,345,292 2,307,358 2,210,385 2,115,712 
Accumulated other comprehensive income (loss), net of tax(89,329)(16,508)(1,476)8,312 5,171 
Treasury stock(290,083)(290,045)(270,888)(186,698)(145,206)
Total shareholders' equity4,124,255 4,090,577 4,082,127 4,076,028 4,016,701 
Total liabilities and shareholders' equity$28,549,695 $28,488,843 $28,109,935 $27,515,879 $27,099,829 
Other Data
Earning assets$26,458,017 $26,412,416 $26,075,458 $25,467,645 $25,093,643 
Intangible assets1,061,019 1,063,963 1,067,076 1,070,470 1,074,349 
Interest-bearing liabilities17,275,666 17,190,039 16,910,539 16,642,191 15,941,743 
Average assets28,549,120 28,210,184 27,672,313 27,394,953 26,972,134 
Average common shareholders' equity4,130,982 4,122,923 4,107,670 4,044,338 3,964,207 




AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Asset Quality InformationTable 4
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands)2026202620262025202520262025
Allowance for Credit Losses
Balance at beginning of period$412,945 $406,755 $401,558 $392,362 $377,181 $401,558 $368,663 
Provision for loan losses13,306 15,894 17,895 16,601 11,176 47,095 30,805 
Provision for unfunded commitments(727)1,360 (1,338)6,348 11,446 (705)16,484 
Provision for other credit losses(1)(1)(6)1 8 (8)5 
Provision for credit losses12,578 17,253 16,551 22,950 22,630 46,382 47,294 
Charge-offs16,825 16,616 17,527 19,575 13,631 50,968 43,241 
Recoveries6,314 5,553 6,173 5,821 6,182 18,040 19,646 
Net charge-offs (recoveries)10,511 11,063 11,354 13,754 7,449 32,928 23,595 
Ending balance$415,012 $412,945 $406,755 $401,558 $392,362 $415,012 $392,362 
Allowance for loan losses$362,308 $359,513 $354,682 $348,141 $345,294 $362,308 $345,294 
Allowance for unfunded commitments52,637 53,364 52,004 53,342 46,994 52,637 46,994 
Allowance for other credit losses67 68 69 75 74 67 74 
Total allowance for credit losses$415,012 $412,945 $406,755 $401,558 $392,362 $415,012 $392,362 
Non-Performing Assets
Nonaccrual portfolio loans$102,400 $86,819 $81,969 $84,711 $77,257 $102,400 $77,257 
Other real estate owned4,148 4,043 3,091 2,918 3,137 4,148 3,137 
Repossessed assets— — 4 4 3 — 3 
Accruing loans delinquent 90 days or more8,605 8,364 8,230 8,492 9,325 8,605 9,325 
Non-performing portfolio assets$115,153 $99,226 $93,294 $96,125 $89,722 $115,153 $89,722 
Serviced GNMA-guaranteed mortgage nonaccrual loans38,802 33,707 34,489 24,347 19,706 38,802 19,706 
Total non-performing assets$153,955 $132,933 $127,783 $120,472 $109,428 $153,955 $109,428 
Asset Quality Ratios
Non-performing portfolio assets as a percent of total assets0.40 %0.35 %0.33 %0.35 %0.33 %0.40 %0.33 %
Total non-performing assets as a percent of total assets0.54 %0.47 %0.45 %0.44 %0.40 %0.54 %0.40 %
Net charge-offs as a percent of average loans (annualized)0.19 %0.20 %0.21 %0.26 %0.14 %0.20 %0.15 %



AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Loan InformationTable 5
SepJunMarDecSep
(dollars in thousands)20262026202620252025
Loans by Type
Commercial and industrial$3,485,369 $3,453,501 $3,400,837 $3,288,505 $3,299,269 
Consumer143,897 157,252 166,652 180,010 202,688 
Mortgage warehouse1,300,152 1,345,808 1,232,103 1,150,782 1,083,941 
Municipal404,109 415,396 420,775 434,234 437,823 
Premium Finance1,700,913 1,534,445 1,365,018 1,306,267 1,358,259 
Real estate - construction and development1,781,330 1,702,983 1,564,242 1,469,250 1,411,178 
Real estate - commercial and farmland9,090,511 9,243,359 9,364,885 9,311,405 9,054,927 
Real estate - residential4,444,702 4,325,121 4,313,468 4,373,069 4,410,289 
Total loans$22,350,983 $22,177,865 $21,827,980 $21,513,522 $21,258,374 
Loans by Risk Grade
Pass$22,056,159 $21,942,518 $21,598,675 $21,305,745 $21,058,458 
Other assets especially mentioned97,118 61,021 49,359 39,709 37,236 
Substandard197,706 174,326 179,946 168,068 162,680 
Total loans$22,350,983 $22,177,865 $21,827,980 $21,513,522 $21,258,374 


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Average BalancesTable 6
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands)2026202620262025202520262025
Earning Assets
Interest-bearing deposits in banks$905,371 $883,521 $879,724 $884,149 $883,976 $889,632 $938,312 
Debt securities - taxable2,803,397 2,703,887 2,532,669 2,432,934 2,282,470 2,680,976 2,133,805 
Debt securities - nontaxable44,747 44,914 45,241 45,237 44,823 44,966 42,517 
Loans held for sale548,736 629,469 616,530 758,588 706,679 597,997 668,177 
Loans22,207,744 21,947,729 21,590,793 21,278,859 21,038,350 21,917,682 20,864,180 
Total Earning Assets$26,509,995 $26,209,520 $25,664,957 $25,399,767 $24,956,298 $26,131,253 $24,646,991 
Deposits
Noninterest-bearing deposits$6,721,999 $6,695,490 $6,547,843 $6,668,120 $6,849,129 $6,655,749 $6,714,016 
NOW accounts4,169,978 4,212,047 4,195,369 4,052,397 3,900,999 4,192,372 3,942,766 
MMDA7,383,668 7,072,892 7,189,981 7,347,897 6,977,134 7,216,222 6,935,931 
Savings accounts760,190 774,903 760,258 754,439 756,383 765,117 763,248 
Retail CDs2,215,297 2,250,844 2,268,935 2,325,456 2,344,084 2,244,829 2,391,146 
Brokered CDs1,598,200 1,420,811 1,221,181 1,249,020 1,070,735 1,414,779 1,059,911 
Total Deposits22,849,332 22,426,987 22,183,567 22,397,329 21,898,464 22,489,068 21,807,018 
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase— — 1 — 1 — — 
FHLB advances956,111 1,171,702 871,128 423,669 443,243 999,958 307,354 
Other borrowings— 9,768 9,899 9,920 169,994 6,520 185,574 
Subordinated deferrable interest debentures135,535 135,037 134,537 134,041 133,541 135,040 133,046 
Total Non-Deposit Funding1,091,646 1,316,507 1,015,565 567,630 746,779 1,141,518 625,974 
Total Funding$23,940,978 $23,743,494 $23,199,132 $22,964,959 $22,645,243 $23,630,586 $22,432,992 




AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Interest Income and Interest Expense (TE)Table 7
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands)2026202620262025202520262025
Interest Income
Interest-bearing deposits in banks$8,667 $8,270 $8,040 $8,922 $9,993 $24,977 $31,497 
Debt securities - taxable30,969 30,217 25,474 24,886 23,253 86,660 62,441 
Debt securities - nontaxable (TE)474 485 473 535 434 1,432 1,273 
Loans held for sale8,751 9,478 9,000 11,233 11,237 27,229 31,860 
Loans (TE)326,629 318,079 309,732 313,467 311,082 954,440 912,200 
Total Earning Assets$375,490 $366,529 $352,719 $359,043 $355,999 $1,094,738 $1,039,271 
Interest Expense
Interest-Bearing Deposits
NOW accounts$18,793 $18,925 $18,106 $18,508 $18,230 $55,824 $54,680 
MMDA50,932 47,070 46,737 52,455 54,657 144,739 160,387 
Savings accounts698 688 679 734 813 2,065 2,469 
Retail CDs18,281 18,531 18,958 20,567 21,253 55,770 66,350 
Brokered CDs16,058 13,781 11,747 13,050 11,898 41,586 34,976 
Total Interest-Bearing Deposits104,762 98,995 96,227 105,314 106,851 299,984 318,862 
Non-Deposit Funding
FHLB advances9,285 11,182 8,179 4,347 4,863 28,646 9,733 
Other borrowings— 129 159 169 2,328 288 7,177 
Subordinated deferrable interest debentures2,823 2,785 2,770 2,926 3,040 8,378 9,074 
Total Non-Deposit Funding12,108 14,096 11,108 7,442 10,231 37,312 25,984 
Total Interest-Bearing Funding$116,870 $113,091 $107,335 $112,756 $117,082 $337,296 $344,846 
Net Interest Income (TE)$258,620 $253,438 $245,384 $246,287 $238,917 $757,442 $694,425 




AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Yields(1)
Table 8
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
2026202620262025202520262025
Earning Assets
Interest-bearing deposits in banks3.80 %3.75 %3.71 %4.00 %4.48 %3.75 %4.49 %
Debt securities - taxable4.38 %4.48 %4.08 %4.06 %4.04 %4.32 %3.91 %
Debt securities - nontaxable (TE)4.20 %4.33 %4.24 %4.69 %3.84 %4.26 %4.00 %
Loans held for sale6.33 %6.04 %5.92 %5.87 %6.31 %6.09 %6.38 %
Loans (TE)5.84 %5.81 %5.82 %5.84 %5.87 %5.82 %5.85 %
Total Earning Assets5.62 %5.61 %5.57 %5.61 %5.66 %5.60 %5.64 %
Interest-Bearing Deposits
NOW accounts1.79 %1.80 %1.75 %1.81 %1.85 %1.78 %1.85 %
MMDA2.74 %2.67 %2.64 %2.83 %3.11 %2.68 %3.09 %
Savings accounts0.36 %0.36 %0.36 %0.39 %0.43 %0.36 %0.43 %
Retail CDs3.27 %3.30 %3.39 %3.51 %3.60 %3.32 %3.71 %
Brokered CDs3.99 %3.89 %3.90 %4.15 %4.41 %3.93 %4.41 %
Total Interest-Bearing Deposits2.58 %2.52 %2.50 %2.66 %2.82 %2.53 %2.82 %
Non-Deposit Funding
FHLB advances3.85 %3.83 %3.81 %4.07 %4.35 %3.83 %4.23 %
Other borrowings— %5.30 %6.51 %6.76 %5.43 %5.91 %5.17 %
Subordinated deferrable interest debentures8.26 %8.27 %8.35 %8.66 %9.03 %8.29 %9.12 %
Total Non-Deposit Funding4.40 %4.29 %4.44 %5.20 %5.44 %4.37 %5.55 %
Total Interest-Bearing Liabilities
2.69 %2.66 %2.61 %2.74 %2.94 %2.66 %2.93 %
Net Interest Spread2.93 %2.95 %2.96 %2.87 %2.72 %2.94 %2.71 %
Net Interest Margin(2)
3.87 %3.88 %3.88 %3.85 %3.80 %3.88 %3.77 %
Total Cost of Funds(3)
1.94 %1.91 %1.88 %1.95 %2.05 %1.91 %2.06 %
(1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%.
(2) Rate calculated based on average earning assets.
(3) Rate calculated based on total average funding including noninterest-bearing deposits.

























AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations
Adjusted Net IncomeTable 9A
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands except per share data)2026202620262025202520262025
Net income available to common shareholders$116,093$51,446$110,492$108,356$106,029$278,031$303,798
Adjustment items:
Litigation accrual1,67582,503———84,178—
Loss (gain) on sale of MSR———1,127(125)—(467)
Gain on securities(230)(7,392)—(12)(1,581)(7,622)(1,621)
Servicing right impairment (recovery)———910———
Gain on BOLI proceeds(678)(846)—(220)(390)(1,524)(401)
FDIC special assessment———(1,136)(318)—(318)
Natural disaster expense recovery(683)————(683)—
Tax effect of adjustment items (Note 1)
(187)(18,402)—(217)495(18,589)589
After tax adjustment items(103)55,863—452(1,919)55,760(2,218)
Adjusted net income$115,990$107,309$110,492$108,808$104,110$333,791$301,580
Weighted average number of shares - diluted67,024,65367,099,94167,766,99768,328,36568,665,66967,293,30768,830,787
Net income per diluted share$1.73$0.77$1.63$1.59$1.54$4.13$4.41
Adjusted net income per diluted share$1.73$1.60$1.63$1.59$1.52$4.96$4.38
Average assets$28,549,120$28,210,184$27,672,313$27,394,953$26,972,134$28,149,465$26,655,680
Return on average assets1.61%0.73%1.62%1.57%1.56%1.32%1.52%
Adjusted return on average assets1.61%1.53%1.62%1.58%1.53%1.59%1.51%
Average common equity$4,130,982$4,122,923$4,107,670$4,044,338$3,964,207$4,120,613$3,876,404
Average tangible common equity$3,068,523$3,057,445$3,039,019$2,971,985$2,887,961$3,055,106$2,796,180
Return on average common equity11.15%5.00%10.91%10.63%10.61%9.02%10.48%
Return on average tangible common equity15.01%6.75%14.75%14.46%14.57%12.17%14.53%
Adjusted return on average tangible common equity15.00%14.08%14.75%14.53%14.30%14.61%14.42%
Note 1: Tax effect is calculated utilizing a 24.5% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included.



AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Adjusted Efficiency RatioTable 9B
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands)2026202620262025202520262025
Adjusted Noninterest Expense
Total noninterest expense$158,748$242,714$157,080$143,090$154,566$558,542$460,860
Adjustment items:
Litigation accrual(1,675)(82,503)———(84,178)—
FDIC special assessment———1,136318—318
Natural disaster expense recovery683————683—
Adjusted noninterest expense$157,756$160,211$157,080$144,226$154,884$475,047$461,178
Adjusted Total Revenue
Net interest income$257,678$252,484$244,436$245,307$237,964$754,598$691,616
Noninterest income64,16773,53269,92061,82776,274207,619209,208
Total revenue321,845326,016314,356307,134314,238962,217900,824
Adjustment items:
Gain on securities(230)(7,392)—(12)(1,581)(7,622)(1,621)
(Gain)/loss on sale of MSR———1,127(125)—(467)
Gain on BOLI proceeds(678)(846)—(220)(390)(1,524)(401)
Servicing right impairment (recovery)———910———
Adjusted total revenue$320,937$317,778$314,356$308,939$312,142$953,071$898,335
Efficiency ratio49.32 %74.45 %49.97 %46.59 %49.19 %58.05 %51.16 %
Adjusted efficiency ratio49.15 %50.42 %49.97 %46.68 %49.62 %49.84 %51.34 %
Tangible Book Value Per ShareTable 9C
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands except per share data)2026202620262025202520262025
Total shareholders' equity$4,124,255$4,090,577$4,082,127$4,076,028$4,016,701$4,124,255$4,016,701
Less:
Goodwill1,015,6461,015,6461,015,6461,015,6461,015,6461,015,6461,015,646
Other intangibles, net45,37348,31751,43054,82458,70345,37358,703
Total tangible shareholders' equity$3,063,236$3,026,614$3,015,051$3,005,558$2,942,352$3,063,236$2,942,352
Period end number of shares67,108,48967,106,58767,320,29868,022,31668,587,74267,108,48968,587,742
Book value per share (period end)$61.46 $60.96 $60.64 $59.92 $58.56 $61.46 $58.56 
Tangible book value per share (period end)$45.65 $45.10 $44.79 $44.18 $42.90 $45.65 $42.90 


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Tangible Common Equity to Tangible Assets ("TCE Ratio")Table 9D
SepJunMarDecSep
(dollars in thousands except per share data)20262026202620252025
Total shareholders' equity$4,124,255$4,090,577$4,082,127$4,076,028$4,016,701
Less:
Goodwill1,015,6461,015,6461,015,6461,015,6461,015,646
Other intangibles, net45,37348,31751,43054,82458,703
Total tangible shareholders' equity$3,063,236$3,026,614$3,015,051$3,005,558$2,942,352
Total assets$28,549,695$28,488,843$28,109,935$27,515,879$27,099,829
Less:
Goodwill1,015,6461,015,6461,015,6461,015,6461,015,646
Other intangibles, net45,37348,31751,43054,82458,703
Total tangible assets$27,488,676$27,424,880$27,042,859$26,445,409$26,025,480
Equity to Assets14.45 %14.36 %14.52 %14.81 %14.82 %
Tangible Common Equity to Tangible Assets11.14 %11.04 %11.15 %11.37 %11.31 %


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment ReportingTable 10
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands)2026202620262025202520262025
Retail Mortgage Division
Net interest income$14,622 $15,844 $16,828 $19,312 $20,179 $47,294 $64,054 
Provision for credit losses2,397 (3,346)3,074 (3,142)529 2,125 6,730 
Noninterest income28,452 32,151 36,316 30,056 40,081 96,919 112,536 
Noninterest expense
Salaries and employee benefits19,278 21,493 21,912 21,413 21,589 62,683 66,942 
Occupancy and equipment expenses662 685 649 754 760 1,996 2,400 
Data processing and telecommunications expenses1,334 1,302 1,224 1,315 1,232 3,860 3,920 
Other noninterest expenses11,592 11,587 12,532 11,547 12,480 35,711 36,939 
Total noninterest expense32,866 35,067 36,317 35,029 36,061 104,250 110,201 
Income before income tax expense7,811 16,274 13,753 17,481 23,670 37,838 59,659 
Income tax expense1,641 3,417 2,888 3,671 4,970 7,946 12,528 
Net income$6,170 $12,857 $10,865 $13,810 $18,700 $29,892 $47,131 
Warehouse Lending Division
Net interest income$9,507 $8,825 $7,594 $7,430 $7,474 $25,926 $20,467 
Provision for credit losses(34)184 177 129 23 327 217 
Noninterest income913 794 796 736 756 2,503 3,203 
Noninterest expense
Salaries and employee benefits591 468 544 556 566 1,603 1,736 
Occupancy and equipment expenses8 7 8 7 7 23 21 
Data processing and telecommunications expenses65 59 35 54 57 159 154 
Other noninterest expenses175 184 179 195 195 538 561 
Total noninterest expense839 718 766 812 825 2,323 2,472 
Income before income tax expense9,615 8,717 7,447 7,225 7,382 25,779 20,981 
Income tax expense2,019 1,831 1,564 1,517 1,550 5,414 4,406 
Net income$7,596 $6,886 $5,883 $5,708 $5,832 $20,365 $16,575 
Premium Finance Division
Net interest income$14,833 $12,515 $11,647 $11,802 $12,251 $38,995 $33,321 
Provision for credit losses222 417 1,447 926 461 2,086 1,633 
Noninterest income19 18 17 17 18 54 51 
Noninterest expense
Salaries and employee benefits3,032 2,865 2,664 2,446 2,492 8,561 7,175 
Occupancy and equipment expenses33 40 38 37 39 111 112 
Data processing and telecommunications expenses187 169 186 106 101 542 321 
Other noninterest expenses439 390 687 1,240 1,075 1,516 3,159 
Total noninterest expense3,691 3,464 3,575 3,829 3,707 10,730 10,767 
Income before income tax expense10,939 8,652 6,642 7,064 8,101 26,233 20,972 
Income tax expense2,297 1,817 1,384 1,450 1,669 5,498 4,293 
Net income$8,642 $6,835 $5,258 $5,614 $6,432 $20,735 $16,679 


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting (continued)Table 10
Three Months EndedNine Months Ended
SepJunMarDecSepSepSep
(dollars in thousands)2026202620262025202520262025
Banking Division
Net interest income$218,716 $215,300 $208,367 $206,763 $198,060 $642,383 $573,774 
Provision for credit losses9,993 19,998 11,853 25,037 21,617 41,844 38,714 
Noninterest income34,783 40,569 32,791 31,018 35,419 108,143 93,418 
Noninterest expense
Salaries and employee benefits67,429 66,668 66,246 57,582 66,301 200,343 191,018 
Occupancy and equipment expenses11,870 11,823 10,930 10,523 10,718 34,623 31,069 
Data processing and telecommunications expenses15,510 14,041 15,348 14,761 14,668 44,899 41,884 
Other noninterest expenses26,543 110,933 23,898 20,554 22,286 161,374 73,449 
Total noninterest expense121,352 203,465 116,422 103,420 113,973 441,239 337,420 
Income before income tax expense122,154 32,406 112,883 109,324 97,889 267,443 291,058 
Income tax expense28,469 7,538 24,397 26,100 22,824 60,404 67,645 
Net income$93,685 $24,868 $88,486 $83,224 $75,065 $207,039 $223,413 
Total Consolidated
Net interest income$257,678 $252,484 $244,436 $245,307 $237,964 $754,598 $691,616 
Provision for credit losses12,578 17,253 16,551 22,950 22,630 46,382 47,294 
Noninterest income64,167 73,532 69,920 61,827 76,274 207,619 209,208 
Noninterest expense
Salaries and employee benefits90,330 91,494 91,366 81,997 90,948 273,190 266,871 
Occupancy and equipment expenses12,573 12,555 11,625 11,321 11,524 36,753 33,602 
Data processing and telecommunications expenses17,096 15,571 16,793 16,236 16,058 49,460 46,279 
Other noninterest expenses38,749 123,094 37,296 33,536 36,036 199,139 114,108 
Total noninterest expense158,748 242,714 157,080 143,090 154,566 558,542 460,860 
Income before income tax expense150,519 66,049 140,725 141,094 137,042 357,293 392,670 
Income tax expense34,426 14,603 30,233 32,738 31,013 79,262 88,872 
Net income$116,093 $51,446 $110,492 $108,356 $106,029 $278,031 $303,798 


3rd Quarter 2026 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 management’s opinions only as of the date hereof and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness and payment behaviors 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, 2025, and the Company’s subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and, except as required by law, 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 and granular loan portfolio among geographies and product lines • Stable deposit base with 29.2% noninterest-bearing deposits • Experienced executive team with skills and leadership to continue to grow organically • Focus on shareholder value with 11% annualized tangible book value growth over the last five years Strong History of Earnings 2 Growth Focused 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 1 $25.1 $25.5 $26.1 $26.4 $26.5 $42.90 $44.18 $44.79 $45.10 $45.65 $23.0 $23.5 $24.0 $24.5 $25.0 $25.5 $26.0 $26.5 $27.0 $40.00 $42.00 $44.00 $46.00 $48.00 3Q25 4Q25 1Q26 2Q26 3Q26 Earning Assets (Billions) Tangible Book Value per Share 1 $1.52 $1.59 $1.63 $1.60 $1.73 1.53% 1.58% 1.62% 1.53% 1.61% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 $2.00 3Q25 4Q25 1Q26 2Q26 3Q26 Adjusted Diluted EPS Adjusted ROA11

 

Southeast Scarcity Value 3 1 – Census data obtained from S&P Global Market Intelligence 2 – Historical and projected population change from S&P Capital and Claritas Grey areas represent MSAs in the top 25% of projected population growth where Ameris has branches. (2) Top Southeast Market Share • Scarcity value in strong Southeast markets projected to grow faster than the national average(1) • #1 deposit market share in Atlanta for banks under $50 billion in assets • #2 deposit market share in Jacksonville for banks under $50 billion in assets • #1 deposit market share in Savannah for banks under $50 billion in assets • Increasing deposit market share by 1% in Atlanta, Jacksonville and Savannah (our top three markets) would be $3.8 billion of additional deposits Population Growth in Our Markets Outpaces National Average Deposit market share according to the FDIC's Summary of Deposits as of June 30, 2026. 10.6% 10.1% 8.7% 6.3% 3.5% 3.6% 5.8% 4.9% 4.9% 3.5% 2.2% 2.0% -2.00% 2.00% 6.00% 10.00% 14.00% SC FL NC GA US AL 2020-2027 Population Change 2027-2032 Projected Change

 

49.3% Efficiency Ratio 2.0x National Growth Markets(3) 1.62% Allowance for Credit Losses 13.2% CET1 Ratio(2) 11% 5-yr TBV(1) CAGR 15.0% ROTCE(1) 20% Fees to Revenue Disciplined and Focused Mgmt Team 11.1% TCE/TA Ratio(1) 29.2% NIB Deposits 3.87% Net Interest Margin 1.61% ROA 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 2 – Regulatory capital ratios are estimated for most recent period end 3 – Ameris Southeast Markets projected to grow approximately 2.0x the national average over the next five years per census data obtained from S&P Global Market Intelligence4 Why Ameris? Leading Industry Performance

 

27.46 26.26 26.84 27.89 28.62 29.92 30.79 31.42 32.38 33.64 34.52 35.79 37.51 38.59 39.78 41.32 42.90 44.18 44.79 45.10 45.65 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Tangible Book Value/Share Delivering Shareholder Value Tangible Book Value Growth 5 • Management remains focused on growing shareholder value • Over the past five years, TBV(1) has grown by 11% annualized • TBV(1) grew 4.8% annualized in the third quarter • TBV(1) increased $0.55 per share in 3Q26: • $1.53 from retained earnings • ($1.08) from impact of AOCI • $0.10 from all other 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

 

1 – 3Q26 growth percentages are compared to prior year period; net charge offs are annualized 2 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 3 – Regulatory capital ratios are estimated for most recent period end6 History of Consistent Performance 5 Year Performance Metrics 2021-2025 (5 Year) YTD 2021 2022 2023 2024 2025 Average 3Q26 (1) ROA 1.73% 1.47% 1.06% 1.38% 1.54% 1.43% 1.32% Adjusted ROA(2) 1.66% 1.35% 1.11% 1.30% 1.53% 1.39% 1.59% ROTCE(2) 20.6% 17.8% 12.2% 14.4% 14.5% 15.9% 12.2% Adjusted ROTCE(2) 19.9% 16.4% 12.8% 13.6% 14.4% 15.4% 14.6% Net Interest Margin 3.32% 3.76% 3.61% 3.56% 3.79% 3.61% 3.88% Net Interest Income Growth 2.8% 22.2% 4.2% 1.7% 10.3% 8.3% 9.1% Efficiency Ratio 54.9% 51.7% 53.7% 53.2% 50.0% 52.7% 58.0% Adjusted Efficiency Ratio(2) 55.3% 52.7% 52.8% 54.1% 50.1% 53.0% 49.8% Fees/Revenue 35.8% 26.2% 22.5% 25.7% 22.4% 26.5% 21.6% NIB Deposits/Total Deposits 39.5% 40.7% 31.3% 29.9% 28.7% 34.1% 29.2% CET1 Ratio(3) 10.5% 9.9% 11.2% 12.7% 13.2% 11.5% 13.2% TCE Ratio(2) 8.0% 8.7% 9.6% 10.6% 11.4% 9.7% 11.1% CRE Concentration 291% 292% 282% 268% 262% 279% 251% Allowance for Credit Losses/Total Loans 1.06% 1.04% 1.52% 1.63% 1.62% 1.37% 1.62% Net Charge Offs/Total Loans 0.04% 0.08% 0.25% 0.19% 0.18% 0.15% 0.20%

 

3Q 2026 Operating Highlights 7 • Net income of $116.1 million, or $1.73 per diluted share • Return on average assets of 1.61% • Return on average tangible common equity(1) of 15.01% • Efficiency ratio of 49.32% • Growth in average earning assets of $300.5 million, or 4.5% annualized • Loan growth of $173.1 million, or 3.1% annualized • Deposit growth of $319.4 million, or 5.6% annualized • Noninterest-bearing deposits represent 29.2% of total deposits • Annualized net charge-offs declined to 0.19% of average total loans • Tangible book value(1) growth of $0.55 per share, or 4.8% annualized, to $45.65 at September 30, 2026 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

 

Financial Highlights 8 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix (dollars in thousands, except per share data) 3Q26 2Q26 Change 3Q25 Change 2026 2025 Change Net Income $ 116,093 $ 51,446 126% $ 106,029 9% $ 278,031 $ 303,798 -8% Adjusted Net Income(1) $ 115,990 $ 107,309 8% $ 104,110 11% $ 333,791 $ 301,580 11% Net Income Per Diluted Share $ 1.73 $ 0.77 125% $ 1.54 12% $ 4.13 $ 4.41 -6% Adjusted Net Income Per Share(1) $ 1.73 $ 1.60 8% $ 1.52 14% $ 4.96 $ 4.38 13% Return on Assets 1.61% 0.73% 121% 1.56% 3% 1.32% 1.52% -13% Adjusted Return on Assets(1) 1.61% 1.53% 6% 1.53% 5% 1.59% 1.51% 5% Return on Equity 11.15% 5.00% 123% 10.61% 5% 9.02% 10.48% -14% Return on TCE(1) 15.01% 6.75% 122% 14.57% 3% 12.17% 14.53% -16% Adjusted Return on TCE(1) 15.00% 14.08% 7% 14.30% 5% 14.61% 14.42% 1% Efficiency Ratio 49.32% 74.45% -34% 49.19% 0% 58.05% 51.16% 13% Adjusted Efficiency Ratio(1) 49.15% 50.42% -3% 49.62% -1% 49.84% 51.34% -3% Net Interest Margin 3.87% 3.88% 0% 3.80% 2% 3.88% 3.77% 3% Quarter to Date Results Year To Date Results

 

Strong Net Interest Margin 9 • Net interest margin of 3.87% in the third quarter of 2026 • Average earning assets increased 4.5% annualized • Net interest income (TE) improved $5.2 million in 3Q26 • Interest income (TE) increased $9.0 million • Interest expense increased only $3.8 million Spread Income and Margin Interest Rate Sensitivity • Asset sensitivity continues near neutrality in preparation for further potential FOMC rate changes: • -1.0% asset sensitivity in -100bps • -0.5% asset sensitivity in -50bps • +0.6% asset sensitivity in +50bps • +1.2% asset sensitivity in +100bps • Approximately $13.3 billion of total loans reprice within one year through either maturities or floating rate indices $238.9 $246.3 $245.4 $253.4 $258.6 3.80% 3.85% 3.88% 3.88% 3.87% 3.60% 3.70% 3.80% 3.90% 4.00% 4.10% $220.0 $230.0 $240.0 $250.0 $260.0 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Income (TE) (in millions) NIM +0.02% -0.01% -0.02% 3.87% 3.88% 3.70% 3.75% 3.80% 3.85% 3.90% 3.95% 2Q26 Margin Higher Loan Yield Lower Bond Yield Higher Funding Costs 3Q26 Margin 3Q26 Margin Attribution

 

Diversified Revenue Stream 10 • Strong revenue base of net interest income from core banking division and lines of business • Additional noninterest revenue provided by our diversified lines of business Noninterest Income • Noninterest income decreased $9.4 million in the third quarter • Gain on securities decreased $7.2 million • Mortgage revenue decreased $3.3 million • Equipment finance activity increased $1.4 million Strong Revenue Stream Service Charges on Deposit Accounts 40% Equipment Finance Activity 30% BOLI Income 13% Other 17% All Other Noninterest Income 76% 80% 78% 78% 80% 13% 10% 12% 10% 9% 11% 10% 10% 12% 11% $315.2 $308.1 $315.3 $327.0 $322.8 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 3Q25 4Q25 1Q26 2Q26 3Q26 Revenue Sources (Tax-Equivalent) (in millions) Net Interest Income (TE) Mortgage Banking Activity All Other Noninterest Income

 

Disciplined Expense Control Noninterest Expense and Efficiency Ratio Expense Highlights 11 • Management continues to deliver high performing operating efficiency • Positive operating leverage from 2Q26 – Adjusted revenue increased $3.2 million, or 3.9% annualized – Adjusted expenses decreased $2.5 million, or 6.1% annualized • Adjusted efficiency ratio improved to 49.15% in 3Q26 • Adjusted total expenses decreased in 3Q26 primarily due to lower mortgage compensation and legal expenses 49.62% 46.68% 49.97% 50.42% 49.15% 40.00% 45.00% 50.00% 55.00% 60.00% 65.00% 3Q25 4Q25 1Q26 2Q26 3Q26 Adjusted Efficiency Ratio $114.3 $104.6 $116.4 $121.0 $120.4 $40.6 $39.7 $40.7 $39.2 $37.4 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 3Q25 4Q25 1Q26 2Q26 3Q26 Adjusted Operating Expenses (in millions) Banking LOBs

 

Granular Core Deposit Base 12 Deposits by Product Type • Total deposits increased $319.4 million, or 5.6% annualized • Non-brokered, non-public fund deposits increased $20.4 million • Seasonal inflows of public funds totaled $169.5 million • Brokered CDs increased $129.5 million, and represent only 7.2% of total deposits • Noninterest-bearing deposits decreased $87.8 million; NIB to total deposit ratio of 29.2% • Granular deposit base with over 490,000 accounts with an average balance under $47,000 • Over 318,000 noninterest bearing accounts with an average balance of $21,000 3Q26 Highlights Deposits by Customer Consumer 33% Commercial 44% Public 16% Brokered 7% 3Q26 Deposit Type Balance (in 000s) % of Total Count Average per account NIB 6,695,113$ 29.2% 318,364 21,030$ NOW 4,224,072 18.4% 40,599 104,044 Checking (NIB/NOW) 10,919,185 47.7% 358,963 30,419 MMDA 7,424,747 32.4% 33,566 221,198 Savings 748,023 3.3% 61,855 12,093 CD 3,815,018 16.7% 36,403 104,800 Total 22,906,973$ 100% 490,787 46,674$

 

Capital Strength 13 • TCE ratio of 11.1% and CET1 ratio of 13.2% • Earnings expected to add between 25 - 35 basis points to capital each quarter assuming flat balance sheet • As of September 30, 2026, capital components included only common equity and approximately $135.8 million of trust preferred debt • The AFS bond portfolio has unrealized losses of approximately 4.4% of book value • Repurchased $93.8 million of common shares in 2026 (no repurchases made in 3Q26) • Repurchases represent approximately 1.7% of shares outstanding year to date • Board authorized new $200 million share repurchase program in October 2026 Capital ratios are estimated for most recent period end Strong Capital Base Capital Highlights 11.4% 11.4% 11.4% 11.3% 11.5% 13.2% 13.2% 13.0% 12.8% 13.2% 15.1% 15.0% 14.8% 14.7% 15.0% 3Q25 4Q25 1Q26 2Q26 3Q26 Leverage Ratio CET1/Tier 1 Capital Ratio Total Capital Ratio

 

Loan Diversification and Credit Quality

 

Diversified Loan Portfolio 3Q26 Loan Portfolio 15 • Loan portfolio is well diversified across loan types and geographies and managed by a seasoned credit staff • Asset quality metrics remain stable • CRE concentration was 251%, compared with 261% at 2Q26 • C&D concentration was 50%, compared with 49% at 2Q26 • Allowance for Credit Losses (ACL) on loans is 1.62% of total loans • Limited exposure to non-mortgage consumer loans and HELOCs • SNC exposure is less than 3% of loans Portfolio Highlights 1% Agriculture 29% C&I 2% Municipal 1% Consumer 23% Investor CRE 9% OO CRE 8% Construction 9% Multi-Family 2% HELOC 18% SFR Mortgage $22.4 Billion

 

Loan Balance Changes 3Q26 Loan Balance Changes 16 • Loan balances increased $173.1 million, or 3.1% annualized during 3Q26 • 3Q26 production remained consistent at $2.3 billion, compared with $2.4 billion in 2Q26 and $2.1 billion in 3Q25 • C&I growth was spread among premium finance and traditional C&I, reflecting diversification in our portfolio • CRE payoffs were a record $531.8 million in 3Q26 (in millions) Growth Highlights $145 $120 $78 $7 $(13) $(71) $(93) $(150) $(100) $(50) $- $50 $100 $150 $200 C&I RE - RES Construction OO CRE Other Multi-Family Investor CRE

 

Allowance for Credit Losses 17 • The ACL on loans totaled $362.3 million, or 1.62%, at 3Q26 • During 3Q26, the Company recorded provision expense of $12.6 million • The September economic forecasts used in the ACL model weighted the Consensus, Stagflation, and High Interest scenarios at 40%, 40%, and 20%, respectively 3Q26 CECL Reserve Reserve Summary (in millions) (dollars in millions) Criticized, Classified and Nonperforming loan totals exclude GNMA-guaranteed loans 1.60% 1.63% 1.67% 1.62% 1.62% 1.62% 1.62% 1.62% 1.62% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% $150 $175 $200 $225 $250 $275 $300 $325 $350 $375 $400 $425 $450 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ACL - Loans ACL - Unfunded Commitments ACL on Loans / Total Loans 3Q26 Allowance Coverage Outstanding Balance ACL ACL % Gross Loans $22,351.0 $362.3 1.62% Unfunded Commitments $4,997.7 $52.6 1.05% Criticized ACL Coverage $256.0 142% Classified ACL Coverage $158.9 228% NPL ACL Coverage $111.0 326%

 

Asset Quality Trends 18 • NPAs, excluding GNMA mortgages, remain low at 0.40% of total assets • Net charge-offs totaled $10.5 million, or 0.19% annualized, in 3Q26 • Over half of nonperforming loans at 3Q26 were residential mortgages which have had approximately one basis point of charge offs in 2026 Credit Summary ($ in millions) 0.14% 0.14% 0.26% 0.21% 0.20% 0.19% $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Net Charge-Offs Net Charge-offs NCO Ratio (Annualized) 0.41% 0.42% 0.38% 0.32% 0.33% 0.35% 0.33% 0.35% 0.40% 0.74% 0.77% 0.73% 0.68% 0.67% 0.67% 0.67% 0.63% 0.71% 1.34% 1.30% 1.09% 0.99% 0.85% 0.85% 0.89% 0.91% 1.15% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Problem Loan Trends NPA x GNMA / Total Assets Classified x GNMA / Total Loans Criticized x GNMA / Total Loans

 

Term Investor CRE • 30-89 days past due investor CRE loans were 0.02% and NPLs were 0.03% at 3Q26 • Reserve for term investor CRE is $110.2 million, or 1.56% • Investor CRE portfolio is well diversified with over 80% of CRE loans located in MSAs in Ameris’s footprint 19 Highlights (1) Results based on stabilized term loans, or 68% of total Investor CRE loans Investor CRE (dollars in Millions) Investor CRE 23% Multi 9% Outstanding $7.06 B Unfunded $0.21 B Total Committed Exposure $7.27 B Average Loan Size $4.5 M Allowance Coverage 1.56% 30-89 DPD Ratio 0.02% NPL Ratio 0.03% Criticized Ratio 1.23% Criticized ACL Coverage 127% Average LTV (1) 56% Average DSC (1) 1.45 Multi-Family $1,970 Office $1,107 Retail - Anchored $1,337 Retail - Non Anchored $1,074 Warehouse / Industrial $993 Hotel $413 All Other CRE $379 Investor CRE by Property Type Atlanta GA $1,924 Other GA $461 FL $2,271 SC $976 NC $723 All Other $919 Investor CRE by Property Location

 

Office Portfolio • There were no 30-89 days past due investor office loans and NPLs were 0.10% at 3Q26 • Our reserve for investor office is $48.9 million, or 4.20% 20 Highlights (1) Results based on stabilized term loans, or 86% of term office loans Investor Office (dollars in Millions) Outstanding $1.16 B Unfunded $0.07 B Total Committed Exposure $1.23 B Average Loan Size $3.6 M Allowance Coverage 4.20% 30-89 DPD Ratio 0.00% NPL Ratio 0.10% Criticized Ratio 5.50% Criticized ACL Coverage 76% Average LTV (1) 58% Average DSC (1) 1.51 Class A & Medical (1) 67% Construction $127.2 Investor CRE $1,107.3 Owner- Occupied $511.9 Total Office Portfolio by Loan Type Class A 49% Medical 18% Class B 29% Class C 4% Investor Office Portfolio by Property Class

 

Appendix

 

22 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 3Q25 2026 2025 Net Income $ 116,093 $ 51,446 $ 106,029 $ 278,031 $ 303,798 Adjustment items Litigation accrual 1,675 82,503 - 84,178 - Gain on sale of MSR - - (125) - (467) Gain on securities (230) (7,392) (1,581) (7,622) (1,621) Gain on BOLI proceeds (678) (846) (390) (1,524) (401) FDIC special assessment - - (318) - (318) Natural disaster expense recovery (683) - - (683) - Tax effect of adjustment items (187) (18,402) 495 (18,589) 589 After tax adjustment items (103) 55,863 (1,919) 55,760 (2,218) Adjusted Net Income $ 115,990 $ 107,309 $ 104,110 $ 333,791 $ 301,580 Weighted average number of shares - diluted 67,024,653 67,099,941 68,665,669 67,293,307 68,830,787 Net income per diluted share $ 1.73 $ 0.77 $ 1.54 $ 4.13 $ 4.41 Adjusted net income per diluted share $ 1.73 $ 1.60 $ 1.52 $ 4.96 $ 4.38 Average assets 28,549,120 28,210,184 26,972,134 28,149,465 26,655,680 Return on average assets 1.61% 0.73% 1.56% 1.32% 1.52% Adjusted return on average assets 1.61% 1.53% 1.53% 1.59% 1.51% Average common equity 4,130,982 4,122,923 3,964,207 4,120,613 3,876,404 Average tangible common equity 3,068,523 3,057,445 2,887,961 3,055,106 2,796,180 Return on average common equity 11.15% 5.00% 10.61% 9.02% 10.48% Return on average tangible common equity 15.01% 6.75% 14.57% 12.17% 14.53% Adjusted return on average tangible common equity 15.00% 14.08% 14.30% 14.61% 14.42% Quarter to Date Year to Date

 

23 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 2026 2025 Adjusted Noninterest Expense Total noninterest expense 158,748$ 242,714$ 157,080$ 143,090$ 154,566$ 558,542$ 460,860$ Adjustment items: Litigation accrual (1,675) (82,503) - - - (84,178) - FDIC special assessment - - - 1,136 318 - 318 Natural disaster expense recovery 683 - - - - 683 - Adjusted noninterest expense 157,756$ 160,211$ 157,080$ 144,226$ 154,884$ 475,047$ 461,178$ Adjusted Total Revenue Net interest income 257,678$ 252,484$ 244,436$ 245,307$ 237,964$ 754,598$ 691,616$ Noninterest income 64,167 73,532 69,920 61,827 76,274 207,619 209,208 Total revenue 321,845$ 326,016$ 314,356$ 307,134$ 314,238$ 962,217$ 900,824$ Adjustment items: Gain on securities (230) (7,392) - (12) (1,581) (7,622) (1,621) Gain on BOLI proceeds (678) (846) - (220) (390) (1,524) (401) (Gain) loss on sale of mortgage servicing rights - - - 1,127 (125) - (467) Servicing right impairment (recovery) - - - 910 - - - Adjusted total revenue 320,937$ 317,778$ 314,356$ 308,939$ 312,142$ 953,071$ 898,335$ Efficiency ratio 49.32% 74.45% 49.97% 46.59% 49.19% 58.05% 51.16% Adjusted efficiency ratio 49.15% 50.42% 49.97% 46.68% 49.62% 49.84% 51.34% Year to DateQuarter to Date

 

24 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 Total shareholders' equity 4,124,255$ 4,090,577$ 4,082,127$ 4,076,028$ 4,016,701$ Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 45,373 48,317 51,430 54,824 58,703 Total tangible shareholders' equity 3,063,236$ 3,026,614$ 3,015,051$ 3,005,558$ 2,942,352$ Period end number of shares 67,108,489 67,106,587 67,320,298 68,022,316 68,587,742 Book value per share (period end) 61.46$ 60.96$ 60.64$ 59.92$ 58.56$ Tangible book value per share (period end) 45.65$ 45.10$ 44.79$ 44.18$ 42.90$ Total assets $ 28,549,695 $ 28,488,843 $ 28,109,935 $ 27,515,879 $ 27,099,829 Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 45,373 48,317 51,430 54,824 58,703 Total tangible assets 27,488,676$ 27,424,880$ 27,042,859$ 26,445,409$ 26,025,480$ Equity to Assets 14.45% 14.36% 14.52% 14.81% 14.82% Tangible Common Equity to Tangible Assets 11.14% 11.04% 11.15% 11.37% 11.31% Quarter to Date

 

25 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Total shareholders' equity 2,966,451$ 3,197,400$ 3,426,747$ 3,751,522$ 4,076,028$ Less: Goodwill 1,012,620 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 125,938 106,194 87,949 70,761 54,824 Total tangible shareholders' equity 1,827,893$ 2,075,560$ 2,323,152$ 2,665,115$ 3,005,558$ Total assets $ 23,858,321 $ 25,053,286 $ 25,203,699 $ 26,262,050 $ 27,515,879 Less: Goodwill 1,012,620 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 125,938 106,194 87,949 70,761 54,824 Total tangible assets 22,719,763$ 23,931,446$ 24,100,104$ 25,175,643$ 26,445,409$ Equity to Assets 12.4% 12.8% 13.6% 14.3% 14.8% Tangible Common Equity to Tangible Assets 8.0% 8.7% 9.6% 10.6% 11.4%

 

26 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Net Income $ 376,913 $ 346,540 $ 269,105 $ 358,685 $ 412,154 Adjustment items Merger and conversion charges 4,206 1,212 - - - (Gain) loss on sale of MSR - (1,356) - (10,494) 660 (Gain) loss on securities (515) (203) 304 (12,304) (1,633) Servicing right impairment (recovery) (14,530) (21,824) - - 910 Gain on BOLI proceeds (603) (55) (486) (1,464) (621) FDIC special assessment - - 11,566 1,455 (1,454) Natural disaster expenses - 151 - 550 - Loss (gain) on bank premises 510 (45) (1,903) 1,203 - Tax effect of adjustment items (2,696) (5,640) 2,442 (4,800) (372) After tax adjustment items (13,628) (27,760) 11,923 (25,854) (2,510) Tax expense attributable to BOLI restructuring - - - 5,093 - Adjusted Net Income $ 363,285 $ 318,780 $ 281,028 $ 337,924 $ 409,644 Average assets 21,847,731 23,644,754 25,404,873 26,036,681 26,842,018 Return on average assets 1.73% 1.47% 1.06% 1.38% 1.54% Adjusted return on average assets 1.66% 1.35% 1.11% 1.30% 1.53% Average common equity 2,827,669 3,083,081 3,313,361 3,583,390 3,918,733 Average tangible common equity 1,826,433 1,947,222 2,200,883 2,488,588 2,840,493 Return on average common equity 13.33% 11.24% 8.12% 10.01% 10.52% Return on average tangible common equity 20.64% 17.80% 12.23% 14.41% 14.51% Adjusted return on average tangible common equity 19.89% 16.37% 12.77% 13.58% 14.42%

 

27 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Adjusted Noninterest Expense Total noninterest expense 560,124$ 560,655$ 578,281$ 607,794$ 603,950$ Adjustment items: Merger and conversion charges (4,206) (1,212) - - - FDIC special assessment - - (11,566) (1,455) 1,454 Natural disaster expenses - (151) - (550) - Gain on sale of premises (510) 45 1,903 (1,203) - Adjusted noninterest expense 555,408$ 559,337$ 568,618$ 604,586$ 605,404$ Adjusted Total Revenue Net interest income 655,327$ 801,026$ 835,044$ 849,190$ 936,923$ Noninterest income 365,544 284,424 242,828 293,257 271,035 Total revenue 1,020,871$ 1,085,450$ 1,077,872$ 1,142,447$ 1,207,958$ Adjustment items: (Gain) loss on securities (515) (203) 304 (12,304) (1,633) Gain on BOLI proceeds (603) (55) (486) (1,464) (621) (Gain) loss on sale of mortgage servicing rights - (1,356) - (10,494) 660 Servicing right impairment (recovery) (14,530) (21,824) - - 910 Adjusted total revenue 1,005,223$ 1,062,012$ 1,077,690$ 1,118,185$ 1,207,274$ Efficiency ratio 54.87% 51.65% 53.65% 53.20% 50.00% Adjusted efficiency ratio 55.25% 52.67% 52.76% 54.07% 50.15%

 

28 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 Total shareholders' equity 4,124,255$ 4,090,577$ 4,082,127$ 4,076,028$ 4,016,701$ 3,917,678$ 3,823,802$ 3,751,522$ 3,681,368$ 3,566,614$ 3,484,738$ Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 45,373 48,317 51,430 54,824 58,703 62,582 66,658 70,761 74,941 79,120 83,527 Total tangible shareholders' equity 3,063,236$ 3,026,614$ 3,015,051$ 3,005,558$ 2,942,352$ 2,839,450$ 2,741,498$ 2,665,115$ 2,590,781$ 2,471,848$ 2,385,565$ Period end number of shares 67,108,489 67,106,587 67,320,298 68,022,316 68,587,742 68,711,043 68,910,924 69,068,609 69,067,019 69,066,573 69,115,263 Book value per share (period end) 61.46$ 60.96$ 60.64$ 59.92$ 58.56$ 57.02$ 55.49$ 54.32$ 53.30$ 51.64$ 50.42$ Tangible book value per share (period end) 45.65$ 45.10$ 44.79$ 44.18$ 42.90$ 41.32$ 39.78$ 38.59$ 37.51$ 35.79$ 34.52$ 3Q23 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 1Q22 4Q21 3Q21 Total shareholders' equity 3,347,069$ 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 1,023,071 1,023,056 1,022,345 1,012,620 928,005 Other intangibles, net 92,375 92,375 96,800 101,488 106,194 110,903 115,613 120,757 125,938 60,396 Total tangible shareholders' equity 2,239,048$ 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 69,138,461 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) 48.41$ 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) 32.38$ 32.38$ 31.42$ 30.79$ 29.92$ 28.62$ 27.89$ 26.84$ 26.26$ 27.46$ As of As of

 

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