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ATLANTA--(BUSINESS WIRE)--The board of directors of Ameris Bancorp (NYSE: ABCB) (the "Company†) has declared a dividend of $0.20 per share of the Company's common stock, payable on October 6, 2025, to shareholders of record as of September 30, 2025. 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 serves consumer and business customers nationwide through s. ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective metrics for momentum, addressing the challenges in defining momentum in stocks [2] Group 2: Ameris Bancorp (ABCB) Analysis - Ameris Bancorp currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, ABCB shares increased by 2.96%, while the Zacks Banks - Southeast industry rose by 4.3%. In a longer timeframe, ABCB's monthly price change of 8.21% outperformed the industry's 2.38% [6] - In the last quarter, ABCB shares rose by 18.25%, and over the past year, they increased by 17.31%, compared to the S&P 500's gains of 11.26% and 15.64%, respectively [7] Group 3: Trading Volume and Earnings Outlook - ABCB's average 20-day trading volume is 511,120 shares, which serves as a bullish indicator when combined with rising stock prices [8] - In the past two months, four earnings estimates for ABCB have increased, raising the consensus estimate from $5.35 to $5.69. For the next fiscal year, three estimates have also moved upwards without any downward revisions [10] Group 4: Conclusion - Considering the positive momentum indicators and earnings outlook, ABCB is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements.) This section presents Ameris Bancorp's unaudited consolidated financial statements, including balance sheets, income statements, and cash flows, with detailed explanatory notes [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) Consolidated financial statements reveal increased total assets and net income for Q2 and YTD 2025, driven by loan growth and improved net interest income Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Assets | $26,680,153 | $26,262,050 | | Loans, net | $20,699,930 | $20,401,822 | | Total Deposits | $21,932,675 | $21,722,448 | | Total Liabilities | $22,762,475 | $22,510,528 | | Total Shareholders' Equity | $3,917,678 | $3,751,522 | Consolidated Income Statement Highlights (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $231,813 | $211,921 | $453,652 | $413,309 | | Provision for Credit Losses | $2,772 | $18,773 | $24,664 | $39,878 | | Noninterest Income | $68,911 | $88,711 | $132,934 | $154,589 | | Noninterest Expense | $155,260 | $155,357 | $306,294 | $304,068 | | Net Income | $109,834 | $90,785 | $197,769 | $165,097 | | Diluted EPS | $1.60 | $1.32 | $2.87 | $2.39 | Consolidated Cash Flow Highlights - Six Months Ended June 30 (in thousands) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $178,224 | $(78,482) | | Net cash used in investing activities | $(461,961) | $(870,449) | | Net cash provided by financing activities | $233,630 | $1,143,821 | | Net (decrease) increase in cash and cash equivalents | $(50,107) | $194,890 | [Notes to Unaudited Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) Detailed notes explain accounting policies, investment and loan portfolio composition, credit quality, and segment performance supporting the financial statements - The company operates through its subsidiary, Ameris Bank, with 164 branches across Georgia, Alabama, Florida, North Carolina, and South Carolina, offering a full range of banking services[29](index=29&type=chunk) Loan Portfolio Composition (in thousands) | Loan Category | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Commercial and industrial | $3,184,211 | $2,953,135 | | Real estate – commercial and farmland | $8,877,750 | $8,445,958 | | Real estate – residential | $4,460,177 | $4,558,497 | | Real estate – construction and development | $1,485,842 | $1,998,506 | | Premium finance | $1,294,293 | $1,155,614 | | Mortgage warehouse | $1,092,475 | $965,053 | | Other | $646,749 | $663,143 | | **Total Loans** | **$21,041,497** | **$20,739,906** | Allowance for Credit Losses Activity - Six Months Ended June 30, 2025 (in thousands) | Description | Amount | | :--- | :--- | | Balance, December 31, 2024 | $338,084 | | Provision for loan losses | $19,629 | | Loans charged off | $(29,610) | | Recoveries of loans previously charged off | $13,464 | | **Balance, June 30, 2025** | **$341,567** | Segment Net Income - Six Months Ended June 30 (in thousands) | Segment | 2025 | 2024 | | :--- | :--- | :--- | | Banking Division | $148,348 | $101,695 | | Retail Mortgage Division | $28,431 | $47,033 | | Warehouse Lending Division | $10,743 | $8,642 | | Premium Finance Division | $10,247 | $7,727 | | **Total Net Income** | **$197,769** | **$165,097** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=42&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses improved financial performance in Q2 and H1 2025, driven by higher net interest income, reduced credit losses, and strong capital ratios [Results of Operations](index=43&type=section&id=Results%20of%20Operations) Q2 2025 net income significantly increased due to higher tax-equivalent net interest income and a substantial reduction in the provision for credit losses Key Profitability Ratios - Q2 | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Return on Average Assets | 1.65% | 1.41% | | Return on Average Shareholders' Equity | 11.40% | 10.34% | - Q2 2025 tax-equivalent net interest income increased by **9.33% YoY** to **$232.7 million**, driven by downward pricing adjustments on deposits and growth in average earning assets[152](index=152&type=chunk) - The net interest margin expanded by **19 basis points** to **3.77%** in Q2 2025 from 3.58% in Q2 2024[152](index=152&type=chunk) - The provision for credit losses decreased significantly to **$2.8 million** in Q2 2025 from $18.8 million in Q2 2024, attributed to an updated economic forecast and changes in portfolio mix[157](index=157&type=chunk) [Financial Condition](index=53&type=section&id=Financial%20Condition) Total assets and gross loans increased, credit quality improved with lower non-performing assets, and total deposits grew, maintaining a strong liquidity position - Gross loans outstanding (including loans held for sale) were **$21.59 billion** at June 30, 2025, a slight increase from $21.27 billion at December 31, 2024[184](index=184&type=chunk) - Non-performing assets as a percentage of total assets decreased by **11 basis points** to **0.36%** at June 30, 2025, from 0.47% at December 31, 2024[185](index=185&type=chunk)[194](index=194&type=chunk) - Total deposits increased by **1.0%** to **$21.93 billion** at June 30, 2025, with noninterest-bearing deposits growing by **4.7%**[202](index=202&type=chunk) Commercial Real Estate (CRE) Concentration Ratios | Ratio to Tier I Capital + ACL | Internal Limit | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | :--- | | Construction and development loans | 100% | 45% | 63% | | Total CRE loans (excluding owner-occupied) | 300% | 261% | 268% | [Capital and Liquidity](index=60&type=section&id=Capital%20and%20Liquidity) The company maintains a strong capital position above regulatory minimums, continues its share repurchase program, and manages liquidity with significant borrowing capacity Regulatory Capital Ratios (Consolidated) | Ratio | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | CET1 Ratio | 13.01% | 12.65% | | Tier 1 Capital Ratio | 13.01% | 12.65% | | Total Capital Ratio | 15.37% | 15.37% | | Tier 1 Leverage Ratio | 11.13% | 10.74% | - The company repurchased **465,872 shares** for **$27.8 million** under its share repurchase program renewed on October 24, 2024. As of June 30, 2025, **$72.2 million** remained available for repurchase[204](index=204&type=chunk)[229](index=229&type=chunk) - As of June 30, 2025, the company had available borrowing capacity of **$3.36 billion** with the FHLB and **$2.24 billion** with the FRB Discount Window[213](index=213&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=62&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company manages U.S. dollar interest rate risk through ALCO, projecting net interest income sensitivity to rate changes, with no foreign currency or commodity risk Projected % Change in Net Interest Income from Baseline (as of April 1, 2025) | Change in Interest Rates (bps) | 12 Months | 24 Months | | :--- | :--- | :--- | | +400 | 2.2% | 13.7% | | +200 | 1.4% | 7.4% | | +100 | 0.8% | 3.8% | | -100 | (0.7)% | (4.2)% | | -200 | (1.1)% | (8.8)% | - The company uses forward contracts and interest rate lock commitments (IRLCs) to economically hedge risks in its mortgage banking activities. It also enters into offsetting derivative agreements to facilitate client risk management strategies[216](index=216&type=chunk) [Item 4. Controls and Procedures](index=63&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during the quarter - Management concluded that as of the end of the period, the Company's disclosure controls and procedures were effective[222](index=222&type=chunk) - No material changes to internal control over financial reporting were identified during the quarter ended June 30, 2025[223](index=223&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=64&type=section&id=Item%201.%20Legal%20Proceedings.) The company faces ordinary course legal proceedings, with a notable consent order related to fair lending allegations in Jacksonville, FL, recently terminated and dismissed - On May 20, 2025, the U.S. District Court terminated a consent order from November 2023 with the Department of Justice concerning alleged fair lending law violations in Jacksonville, FL, dismissing the action with prejudice[116](index=116&type=chunk) [Item 1A. Risk Factors](index=64&type=section&id=Item%201A.%20Risk%20Factors.) There have been no material changes to the risk factors previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 - No material changes to the risk factors disclosed in the 2024 Form 10-K have occurred[227](index=227&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=64&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) During Q2 2025, the company repurchased 212,472 shares under its $100.0 million program, with $72.2 million remaining available for future repurchases Share Repurchases - Q2 2025 | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | April 2025 | 25,600 | $58.39 | | May 2025 | 63,515 | $59.77 | | June 2025 | 123,357 | $61.20 | | **Total** | **212,472** | **$60.44** | - The share repurchase program was replenished to **$100.0 million** in October 2024 and is authorized through October 31, 2025. As of June 30, 2025, **$72.2 million** remained available for repurchases[229](index=229&type=chunk) [Other Items](index=64&type=section&id=Other%20Items) This section confirms no defaults on senior securities, no Rule 10b5-1 trading arrangement changes by officers, and lists report exhibits - There were no defaults upon senior securities during the period[230](index=230&type=chunk) - No director or Section 16 officer adopted or terminated a Rule 10b5-1 trading arrangement during the quarter[232](index=232&type=chunk)

Company Overview - Robinhood Markets, Inc. is part of the Finance group, which consists of 869 companies and currently ranks 2 within the Zacks Sector Rank [2] - The company is categorized under the Financial - Investment Bank industry, which includes 21 individual stocks and is ranked 17 in the Zacks Industry Rank [6] Performance Metrics - Robinhood Markets, Inc. has a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook [3] - Over the past 90 days, the Zacks Consensus Estimate for Robinhood's full-year earnings has increased by 7.7%, reflecting improving analyst sentiment [4] - Year-to-date, Robinhood's stock has surged approximately 184.8%, significantly outperforming the average gain of 9.6% for Finance stocks [4] Comparative Analysis - In comparison, Ameris Bancorp (ABCB), another Finance stock, has increased by 9.7% year-to-date and has a Zacks Rank of 2 (Buy) [5] - The Financial - Investment Bank industry has gained an average of 23.7% year-to-date, indicating that Robinhood is performing better than its industry peers [6] - The Banks - Southeast industry, to which Ameris Bancorp belongs, has only moved up by 1.3% year-to-date [6] Investment Consideration - Investors interested in the Finance sector may want to monitor Robinhood Markets, Inc. and Ameris Bancorp for their continued strong performance [7]

Financial Data and Key Metrics Changes - The company reported net income of $109.8 million or $1.6 per diluted share in the second quarter, a notable 21% increase year-over-year [10] - Return on assets (ROA) improved to 1.65%, and return on tangible common equity rose to 15.8% [11] - Efficiency ratio improved to 51.63% from 52.83% in the previous quarter, indicating better operating leverage [10][11] - Tangible book value per share increased to $41.32, reflecting a strong 15.5% annualized growth [11] Business Line Data and Key Metrics Changes - Loan growth was primarily driven by commercial and industrial (C&I) loans, with a total loan production of $1.9 billion, up from $1.5 billion in the previous quarter [16] - Non-interest income increased by approximately $4.9 million, largely due to a 36% growth in mortgage production [14] - Total non-interest expense rose by $4.2 million, mainly due to higher salaries and employee benefits related to increased mortgage production [14] Market Data and Key Metrics Changes - Non-interest bearing deposits grew over 3% annualized, increasing their share to 31% of total deposits from 30.8% in the previous quarter [17] - The company experienced a seasonal decline in cyclical municipal deposits, offset by an increase in broker deposits [17] Company Strategy and Development Direction - The company remains focused on organic growth, with plans to utilize excess capital for growth opportunities, stock buybacks, and dividends [28][29] - Management emphasized the importance of maintaining a strong core deposit base and leveraging growth in attractive Southeastern markets [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the remainder of 2025 and into 2026, citing a robust margin, strong capital, and liquidity [9] - There is a cautious but positive outlook on loan growth, with expectations for mid-single-digit growth in loans and deposits [18] Other Important Information - The company repurchased approximately $12.8 million in common stock during the quarter [11] - The provision for credit losses was $2.8 million, with reserves remaining strong at 162% of loans [15] Q&A Session Summary Question: Loan growth trends and competition - Management noted a resurgence in loan activity and expected third-quarter activity to be similar to the second quarter, with increased competition [24][25] Question: Future growth opportunities and capital deployment - The company plans to focus on organic growth first, with stock buybacks and dividends as secondary options, while being cautious about M&A [27][29] Question: Deposit growth and margin outlook - Management indicated that deposit growth would continue, with a focus on non-interest bearing deposits, and anticipated some pressure on deposit costs [44][46] Question: Mortgage segment trends and capacity - The company is prepared for a potential refinancing wave and has the capacity to handle increased production without needing additional hires [66][67] Question: Overall competitive landscape and charge-offs - Management observed increased competition beyond pricing, with a focus on treasury management and deposit growth [55][56]

Financial Data and Key Metrics Changes - The company reported net income of $109.8 million or $1.6 per diluted share in the second quarter, a notable 21% increase year-over-year [11] - Return on assets (ROA) improved to 1.65% and return on tangible common equity increased to 15.8% [12] - Efficiency ratio improved to 51.63% from 52.83% in the previous quarter, indicating better operational efficiency [11][12] - Tangible book value per share increased to $41.32, reflecting a strong 15.5% annualized growth [12] Business Line Data and Key Metrics Changes - Loan growth was primarily driven by commercial and industrial (C&I) loans, with a total loan production of $1.9 billion, up from $1.5 billion in the previous quarter [17] - Non-interest income increased by approximately $4.9 million, largely due to a 36% growth in mortgage production [15] - Total non-interest expense rose by $4.2 million, mainly due to higher salaries and employee benefits related to increased mortgage production [15] Market Data and Key Metrics Changes - Non-interest bearing deposits grew over 3% annualized, maintaining a core focus on this segment [6][8] - The company’s capital ratios strengthened, with common equity Tier 1 increasing to 13% and tangible common equity ratio rising to 11.09% [6][12] - The company experienced a seasonal decline in cyclical municipal deposits, offset by an increase in broker deposits [17] Company Strategy and Development Direction - The company remains focused on organic growth, with a strong emphasis on enhancing revenue generation and maintaining a positive operating leverage [5][10] - Management expressed optimism about future growth opportunities in the Southeastern markets, leveraging a strong deposit base and capital position [9][10] - The company is open to stock buybacks and dividend increases, but M&A activities are not a priority unless a unique opportunity arises [26] Management's Comments on Operating Environment and Future Outlook - Management noted a resurgence of activity in loan production, with expectations for continued growth through the remainder of 2025 and into 2026 [22][9] - There is cautious optimism regarding competition, with indications that competition is becoming more aggressive but manageable [44] - The company anticipates loan and deposit growth in the mid-single-digit range moving forward [18] Other Important Information - The company repurchased approximately $12.8 million of common stock during the quarter [12] - The provision for credit losses was $2.8 million, with reserves remaining strong at 162% of loans [16] Q&A Session Summary Question: Loan growth trends and competition - Management indicated that there is a resurgence of activity in loan production, particularly in mortgage warehouse lending, and expects this trend to continue [22][23] Question: Future growth opportunities and capital deployment - Management emphasized a focus on organic growth, with new hires and potential stock buybacks being considered, while M&A is not a priority [25][26] Question: Margin outlook and deposit costs - Management expects some pressure on deposit costs as loan growth picks up, but remains optimistic about maintaining a strong margin [39][40] Question: Competitive landscape and market challenges - Management noted increased competition across various business lines, with a shift towards more structural underwriting standards rather than just pricing [44] Question: Mortgage segment capacity and trends - Management stated that the mortgage team is prepared for a potential refinancing wave and expects third-quarter production to be consistent with the second quarter [54][56]

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]

Ameris Bancorp (ABCB -0.03%), a regional banking company with a strong presence in the Southeast, reported results for Q2 2025 on July 28, 2025. The most notable headline was a beat on non-GAAP earnings per share, which came in at $1.59 compared to the $1.33 non-GAAP consensus estimate. However, the company's reported GAAP revenue of $231.8 million missed analyst expectations by $65.6 million (GAAP), a 22.0% shortfall (GAAP revenue). Despite this, The period was marked by higher profitability, with strong c ...

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]