Ameris Bancorp (ABCB) Q2 2025 Earnings Call July 29, 2025 09:00 AM ET Company ParticipantsNicole Stokes - Corporate Executive VP & CFOH. Palmer Proctor - CEOCatherine Mealor - Managing DirectorDavid Feaster - Director - BankingRussell Gunther - Managing DirectorChristopher Marinac - Director - ResearchConference Call ParticipantsStephen Scouten - MD & Senior Research AnalystManuel Navas - MD & Senior Research AnalystOperatorGood morning, and welcome to the Merus Bancorp Second Quarter Conference Call. All p ...

Ameris Bancorp (ABCB) Q2 2025 Earnings Call July 29, 2025 09:00 AM ET Speaker0Good morning, and welcome to the Merus Bancorp Second Quarter Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Nicole Stokes, CFO.Please go ahead.Speaker1Thank you, Wyatt, and thank you to all who have joined our call today. During the call, we will be re ...

Financial Performance - The company's net income for 2Q25 was $109834 thousand, a 25% increase compared to $87935 thousand in 1Q25 and a 21% increase compared to $90785 thousand in 2Q24[19] - Return on average assets (ROA) was 165% in 2Q25, up from 136% in 1Q25 and 141% in 2Q24[19] - Return on average tangible common equity (ROTCE) reached 1582% in 2Q25[18] - Tangible book value per share grew by $154 to $4132 at the end of June 2025, representing a 155% annualized growth[18] Balance Sheet and Capital - The CET1 ratio was 130%[9] - The TCE ratio stood at 1109%, compared to 972% a year prior[18] - Noninterest-bearing deposits remained strong, accounting for 310% of total deposits as of June 30, 2025[18] Revenue and Expenses - Net interest margin (TE) expanded by 4 bps to 377%[18] - Total revenue increased by $149 million, or 209% annualized, from 1Q25[18] - The efficiency ratio improved to 5163%[18] - Mortgage banking activity contributed 13% of total revenue in 2Q25[34] Loan Portfolio and Credit Quality - Loan balances increased by $335 million, or 65% annualized, during 2Q25[57] - The allowance for credit losses (ACL) on loans was 162% of total loans[53] - Net charge-offs totaled $71 million, or 014% annualized, in 2Q25[68]

Core Insights - Ameris Bancorp reported revenue of $301.65 million for the quarter ended June 2025, showing no change year-over-year, with an EPS of $1.59 compared to $1.17 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate by +1.56%, while the EPS surprised by +17.78% over the consensus estimate of $1.35 [1] Financial Performance Metrics - Net interest margin was reported at 3.8%, slightly above the estimated 3.7% [4] - The efficiency ratio stood at 51.6%, better than the average estimate of 52.4% [4] - Book value per share at period end was $57.02, exceeding the estimate of $56.48 [4] - Net charge-offs as a percentage of average loans (annualized) were 0.1%, significantly lower than the estimated 0.3% [4] - Total non-performing assets were reported at $97.26 million, compared to the average estimate of $123.23 million [4] - Average balances of total earning assets were $24.77 billion, slightly above the estimate of $24.72 billion [4] - Net interest income (TE) was $232.74 million, surpassing the average estimate of $224.51 million [4] - Total non-interest income was $68.91 million, below the estimated $72.49 million [4] - Net interest income was reported at $231.81 million, exceeding the estimate of $226.25 million [4] Stock Performance - Ameris Bancorp shares returned +2.3% over the past month, while the Zacks S&P 500 composite increased by +4.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +17.78%. A quarter ago, it was expected that this bank would post earnings of $1.15 per share when it actually produced earnings of $1.28, delivering a surprise of +11.3%.Over the last four quarters, the company has ...

News Release AMERIS BANCORP ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS Highlights of Ameris's results for the second quarter of 2025 include the following: ATLANTA, GA, July 28, 2025 - Ameris Bancorp (NYSE: ABCB) (the "Company") today reported net income of $109.8 million, or $1.60 per diluted share, for the quarter ended June 30, 2025, compared with $90.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2024. Commenting on the Company's results, Palmer Proctor, the Company's Chief E ...

Things have gone very well for shareholders of Ameris Bancorp ( ABCB ) since I rated the company a "Buy" in October 2023. At the time, I recognized that there were some negative aspects of the company. But even so, I believedCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow ana ...

Ameris Bancorp (ABCB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

Financial Performance - Ameris reported net income of $87.9 million, or $1.27 per diluted share, for Q1 2025, up from $74.3 million, or $1.08 per diluted share, in Q1 2024, representing a 18.8% increase in net income [128]. - The return on average assets increased to 1.36% in Q1 2025 from 1.18% in Q1 2024, while the return on average shareholders' equity rose to 9.39% from 8.63% [128]. - Income before income tax expense rose to $112.936 million in Q1 2025, up from $97.450 million in Q1 2024, representing a 15.9% increase [129]. Interest Income and Expenses - Total interest income for Q1 2025 was $333.778 million, compared to $329.452 million in Q1 2024, reflecting a slight increase of 1% [129]. - Net interest income increased to $221.839 million in Q1 2025 from $201.388 million in Q1 2024, marking a growth of 10.2% [129]. - The net interest margin for Q1 2025 was 3.73%, up 22 basis points from 3.51% in Q1 2024 [1]. - Total interest income for Q1 2025 was $334.7 million, compared to $330.4 million in Q1 2024 [2]. Noninterest Income and Expenses - Noninterest income for Q1 2025 was $64.023 million, compared to $65.878 million in Q1 2024, showing a decline of 2.8% [129]. - Total noninterest expense increased to $151.034 million in Q1 2025 from $148.711 million in Q1 2024, reflecting a rise of 1.6% [129]. - Total noninterest income for Q1 2025 was $64.0 million, a decrease of $1.9 million, or 2.8%, from $65.9 million in Q1 2024 [4]. Credit Losses and Asset Quality - Provision for credit losses decreased to $21.892 million in Q1 2025 from $21.105 million in Q1 2024, indicating a reduction of 3.7% [129]. - The provision for credit losses in Q1 2025 was $21.9 million, compared to $21.1 million in Q1 2024 [3]. - Non-performing assets as a percentage of total assets decreased to 0.44% at March 31, 2025, from 0.47% at December 31, 2024 [8]. - The net charge-off ratio as a percentage of average loans decreased to 0.18% for the first three months of 2025, down from 0.25% for the same period in 2024 [148]. Loans and Deposits - As of March 31, 2025, gross loans outstanding were $21.25 billion, a slight decrease of $33.3 million or 0.2% from $21.27 billion at December 31, 2024 [147]. - Total deposits increased by $190.0 million, or 0.9%, to $21.91 billion at March 31, 2025, compared to $21.72 billion at December 31, 2024 [164]. - Noninterest-bearing deposits rose by $246.5 million, or 3.8%, while interest-bearing deposits decreased by $56.5 million, or 0.4% during the first three months of 2025 [164]. Capital and Liquidity - As of March 31, 2025, the Company maintained a Tier 1 Leverage Ratio of 11.00% and a CET1 Ratio of 12.87% [170]. - The Company’s liquidity ratios were considered satisfactory, with investment securities available-for-sale to total deposits at 8.87% as of March 31, 2025 [176]. - The Company had availability with the FHLB and FRB Discount Window of $3.52 billion and $2.29 billion, respectively, at March 31, 2025 [175]. Risk Management - Management emphasized the importance of monitoring various risks, including economic conditions and regulatory changes, which could impact future performance [124]. - The company regularly assesses the valuation of other real estate owned (OREO), which totaled $863,000 at March 31, 2025, a decrease of 64.5% from $2.4 million at December 31, 2024 [156].

Core Viewpoint - Ameris Bancorp (ABCB) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts, and changes in these estimates are strongly correlated with near-term stock price movements [2][4]. - Rising earnings estimates for Ameris Bancorp indicate an improvement in the company's underlying business, which is expected to lead to increased stock prices as investors respond positively [5][8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Ameris Bancorp's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10]. Recent Earnings Estimate Revisions - For the fiscal year ending December 2025, Ameris Bancorp is expected to earn $5.34 per share, reflecting a 6.4% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Ameris Bancorp has increased by 7%, indicating a positive trend in earnings expectations [8].