Financial Performance - For the quarter ended September 30, 2025, the company reported net income of $106.0 million, or $1.54 per diluted share, an increase from $99.2 million, or $1.44 per diluted share in the same period of 2024, representing a 6.9% increase in net income [143]. - Ameris reported net income of $303.8 million, or $4.41 per diluted share, for the nine months ended September 30, 2025, compared to $264.3 million, or $3.83 per diluted share, for the same period in 2024, representing a 14.93% increase in net income [157]. - Net interest income increased by $64.2 million, or 10.18%, to $694.4 million for the nine months ended September 30, 2025, from $630.2 million in the same period of 2024 [160]. Interest Income and Expenses - Total interest income for the retail banking division was $245.3 million in Q3 2025, compared to $244.0 million in Q3 2024, reflecting a marginal increase [144]. - The company's net interest income for the quarter was $237.9 million, up from $214.1 million in the same quarter of the previous year, representing an increase of 11.1% [144]. - The average interest rate on interest-earning assets for Q3 2025 was 4.12%, compared to 3.92% in Q3 2024, indicating a rise in interest rates [145]. Credit Losses and Asset Quality - The provision for credit losses increased to $22.6 million in Q3 2025 from $6.1 million in Q3 2024, indicating a significant rise in expected credit losses [144]. - Non-performing assets as a percentage of total assets decreased to 0.40% at September 30, 2025, from 0.47% at December 31, 2024 [3]. - The total allowance for credit losses on loans at September 30, 2025, was $345.3 million, or 1.62% of total loans, compared to $338.1 million, or 1.63%, at December 31, 2024 [177]. Noninterest Income and Expenses - Noninterest income for the company reached $76.3 million in Q3 2025, compared to $69.7 million in Q3 2024, marking a 9.1% increase [144]. - Total noninterest expense rose to $154.6 million in Q3 2025 from $151.8 million in Q3 2024, reflecting a 1.8% increase [144]. - Total noninterest income for the nine months ended September 30, 2025, was $209.2 million, a decrease of $15.1 million, or 6.7%, from $224.3 million in the same period of 2024 [166]. Capital and Liquidity - The Company’s common equity Tier 1 capital ratio increased to 13.20% at September 30, 2025, compared to 12.65% at December 31, 2024 [201]. - Total deposits increased by $505.6 million, or 2.3%, to $22.23 billion at September 30, 2025, compared to $21.72 billion at December 31, 2024 [195]. - As of September 30, 2025, the Company had liquidity availability with the FHLB and FRB Discount Window amounting to $3.37 billion and $2.10 billion, respectively [206]. Loan Production and Yields - Loan production in Q3 2025 amounted to $5.4 billion, with weighted average yields of 6.77% [1]. - Loan production amounted to $15.1 billion during the first nine months of 2025, with a weighted average yield of 6.79%, compared to $14.1 billion and 7.54% in the same period of 2024 [160]. - The yield on interest-bearing deposits decreased from 3.44% in Q3 2024 to 2.82% in Q3 2025 [2]. Tax and Regulatory Compliance - The effective tax rate for Q3 2025 was 22.6%, up from 21.2% in Q3 2024 [5]. - Income tax expense for the nine months ended September 30, 2025, was $88.9 million, compared to $85.5 million in the same period of 2024, with an effective tax rate decrease from 24.4% to 22.6% [170]. Risk Management - The Company aims to manage interest rate risk such that net interest income does not increase or decrease by more than 20% given a change of 200 basis points over any 24-month period [205]. - The ALCO Committee continuously monitors the Company's liquidity resources, which were deemed satisfactory as of September 30, 2025 [207]. - The Company has no exposure to foreign currency exchange rate risk, commodity price risk, or other market risks [210].

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Financial Data and Key Metrics Changes - The company reported net income of $106 million, or $1.54 per diluted share, with a return on assets at 1.56% and return on tangible common equity at 14.6% [9][10] - The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, driven by a strong 17.8% annualized revenue growth [9][12] - Tangible book value per share grew to $42.90, reflecting a strong 15.2% annualized growth [9][10] Business Line Data and Key Metrics Changes - Loan portfolio production topped $2 billion, with a 4% annualized loan growth primarily from commercial and industrial (C&I) and commercial real estate (CRE) [6][7] - Non-interest income increased by $7.4 million, mainly from better equipment finance fees and a non-recurring gain on securities [11] - The company repurchased approximately $8.5 million of common stock, with a new share repurchase plan of $200 million approved [10] Market Data and Key Metrics Changes - Deposits increased by $295 million, with core deposits growing by $355 million, while brokered CDs represented only 5% of total deposits [13][14] - Non-interest-bearing deposits remained strong at 30.4% of total deposits [14] Company Strategy and Development Direction - The company remains focused on growing its core deposit base and tangible book value per share, with an emphasis on revenue growth and positive operating leverage [4][8] - The management is optimistic about capitalizing on growth opportunities in the Southeastern markets, particularly amid ongoing banking disruptions [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding loan demand and pipeline trends, anticipating potential growth acceleration into 2026 [19][49] - The company expects some margin compression in the coming quarters due to rising deposit costs, but remains focused on net interest income growth [11][41] Other Important Information - The company’s capital ratios improved, with common equity tier one at 13.2% and tangible common equity at 11.3% [5] - Asset quality remains stable, with low levels of net charge-offs and non-performing assets [12] Q&A Session Summary Question: Loan demand and pipeline trends - Management noted strong demand across all verticals and steady payoffs, expressing optimism for the fourth quarter and beyond [18][19] Question: Competition landscape - Competition is primarily on pricing, but management believes disruption in the market will provide additional volume opportunities [20][21] Question: Equipment finance demand and credit trends - Demand in equipment finance is picking up, with declining charge-offs indicating a healthy credit environment [24][25] Question: Expense growth outlook - Management anticipates a 5.5% increase in expenses next year, driven by salary and benefit increases [36][37] Question: Margin outlook and deposit costs - Management expects margin compression due to deposit repricing and competition, but remains focused on growing non-interest-bearing deposits [40][41] Question: Loan growth potential - Management is optimistic about the potential for loan growth to accelerate into the high single digits or even double digits, depending on macroeconomic conditions [49][50] Question: Investment portfolio size - The investment portfolio is expected to stabilize around 9% to 10% of total assets, with a focus on deposit growth [51] Question: M&A versus organic growth - Management prioritizes organic growth opportunities over M&A, given the current market disruption [53] Question: Mortgage activity and demand - Management is hopeful for increased mortgage activity as interest rates stabilize, with a significant increase in applications noted [60]

Financial Data and Key Metrics Changes - The company reported net income of $106 million, or $1.54 per diluted share in the third quarter, with a return on assets at 1.56% and return on tangible common equity at 14.6% [9] - The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, driven by a strong 17.8% annualized revenue growth [9][12] - Tangible book value per share grew to $42.90, reflecting a strong 15.2% annualized growth [9] Business Line Data and Key Metrics Changes - Loan portfolio production topped $2 billion in the quarter, with a 4% annualized loan growth primarily from C&I and CRE [6][7] - Non-interest income increased by $7.4 million, mainly from better equipment finance fees and a non-recurring gain on securities [11] - The company repurchased about $8.5 million of common stock, with a new share repurchase plan of $200 million approved [10] Market Data and Key Metrics Changes - Deposits increased by $295 million, with core deposits growing by $355 million, maintaining non-interest-bearing deposits at over 30% [13][14] - The company anticipates loan and deposit growth in the mid-single-digit range going forward [14] Company Strategy and Development Direction - The company remains focused on growing its core deposit base and tangible book value per share, with a strong emphasis on revenue growth and positive operating leverage [4][8] - The management is optimistic about capitalizing on growth opportunities and disruption within the Southeastern markets [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding loan demand and the potential for growth, particularly in light of favorable macroeconomic conditions [20][50] - The company expects some margin compression in the coming quarters due to rising deposit costs, but remains focused on growing net interest income [11][42] Other Important Information - The provision for credit losses was $22.6 million, with a strong reserve level of 162% [12] - The company is well-positioned to take advantage of future growth opportunities and disruption in its markets [65] Q&A Session Summary Question: Loan demand and pipeline trends - Management noted strong demand across all verticals and steady payoffs, contributing to optimism for future growth [20] Question: Competition landscape - Competition is primarily on pricing, but management believes disruption will help garner additional volume [22] Question: Equipment finance production and demand - Demand in equipment finance is picking up, with strong fee income growth expected to continue [25][28] Question: Expense growth rate outlook - Management anticipates a reasonable expense growth rate of about 5.5% going into next year [37] Question: Margin outlook and deposit costs - Management expects some margin compression due to deposit costs catching up to loan rates, but overall growth remains accretive to margin [41][44] Question: Investment portfolio size - The investment portfolio is expected to stabilize around 9%-10%, with a focus on deposit growth [52] Question: M&A versus organic growth - Management prioritizes organic growth opportunities over M&A at this time [54] Question: Mortgage activity and demand - Management is optimistic about increased mortgage activity if interest rates decline further [61]

Financial Data and Key Metrics Changes - The company reported net income of $106 million, or $1.54 per diluted share, in the third quarter, with a return on assets at 1.56% and return on tangible common equity at 14.6% [9] - The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, driven by a strong 17.8% annualized revenue growth [9][12] - Tangible book value per share grew to $42.90, reflecting a strong 15.2% annualized growth [9] Business Line Data and Key Metrics Changes - Loan growth was 4% annualized, primarily driven by a mix of commercial and industrial (C&I) and commercial real estate (CRE) [5][13] - Non-interest income increased by $7.4 million, mainly from better equipment finance fees and a non-recurring gain on securities [11] - The company repurchased approximately $8.5 million of common stock during the quarter [10] Market Data and Key Metrics Changes - Deposits grew at a 5% annualized rate, with non-interest-bearing deposits remaining over 30% [5][13] - The loan portfolio production topped $2 billion, the highest level since 2022 [6] - The company maintained a strong capital position, with common equity tier one at 13.2% and tangible common equity at 11.3% [5] Company Strategy and Development Direction - The company remains focused on growing its core deposit base and tangible book value per share, with an emphasis on revenue growth and positive operating leverage [4][8] - The management expressed optimism about capitalizing on growth opportunities and disruptions in the Southeastern markets [6][8] - The company plans to continue its share repurchase program, with a new authorization of $200 million [10] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about loan demand and growth potential, particularly looking towards the end of 2025 and into 2026 [18][42] - The company anticipates some margin compression in the coming quarters due to rising deposit costs [11][34] - Asset quality remains stable, with low levels of net charge-offs and non-performing assets [12] Other Important Information - The company’s efficiency ratio is expected to return above 50% in the fourth quarter [12] - The provision for credit losses was $22.6 million, with over half related to reserves for unfunded commitments, indicating positive future loan growth potential [12] Q&A Session Summary Question: How is loan demand trending and what is the outlook? - Management expressed optimism about loan demand across all verticals, with steady payoffs indicating a healthy market [18] Question: How is competition affecting the loan landscape? - Competition is primarily on pricing, but management believes disruption in the market will provide additional volume opportunities [19] Question: What are the trends in equipment finance? - Demand in equipment finance is picking up, with strong fee income growth expected to continue [20][24] Question: What is the outlook for expenses and efficiency ratio? - A 5-5.5% increase in expenses is anticipated for next year, with a focus on maintaining a strong efficiency ratio [30][31] Question: What is the expectation for margin compression? - Management expects some margin compression due to deposit costs catching up with loan rates, but overall growth in net interest income is anticipated [34][36] Question: Is there potential for M&A activity? - The company is prioritizing organic growth opportunities over M&A at this time [45] Question: What is the outlook for mortgage activity? - Management is optimistic about increased mortgage activity if interest rates decline, with significant purchase volume currently [52]

3rd Quarter 2025 Results Investor Presentation Cautionary Statements $24.3 $24.1 $24.5 $24.6 $25.1 $37.51 $38.59 $39.78 $41.32 $42.90 $22.0 $22.5 $23.0 $23.5 $24.0 $24.5 $25.0 $25.5 $36.00 $38.00 $40.00 $42.00 $44.00 3Q24 4Q24 1Q25 2Q25 3Q25 Earnings Assets (Billions) Tangible Book Value per Share 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," "believ ...

Core Insights - Ameris Bancorp reported revenue of $315.19 million for Q3 2025, marking a year-over-year increase of 10.7% and exceeding the Zacks Consensus Estimate by 3.51% [1] - The company's EPS for the same quarter was $1.53, up from $1.38 a year ago, representing a surprise of 4.08% over the consensus estimate of $1.47 [1] Financial Performance Metrics - Net interest margin was reported at 3.8%, slightly above the estimated 3.7% [4] - The efficiency ratio stood at 49.2%, better than the average estimate of 51.6% [4] - Book value per share at period end was $58.56, exceeding the estimate of $58.10 [4] - Net charge-offs as a percentage of average loans were 0.1%, lower than the estimated 0.2% [4] - Total non-performing assets amounted to $109.43 million, slightly above the estimate of $107.67 million [4] - Average balances of total earning assets were $24.96 billion, marginally higher than the estimate of $24.93 billion [4] - Net interest income (TE) was reported at $238.92 million, surpassing the estimate of $232.93 million [4] - Total non-interest income reached $76.27 million, exceeding the average estimate of $71.57 million [4] - Net interest income was $237.96 million, compared to the average estimate of $233.92 million [4] Stock Performance - Ameris Bancorp's shares have returned -1.1% over the past month, while the Zacks S&P 500 composite has increased by 2.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Core Insights - Ameris Bancorp (ABCB) reported quarterly earnings of $1.53 per share, exceeding the Zacks Consensus Estimate of $1.47 per share, and up from $1.38 per share a year ago, representing an earnings surprise of +4.08% [1] - The company achieved revenues of $315.19 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.51% and increasing from $284.74 million year-over-year [2] - Ameris Bancorp has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.45 on revenues of $304.67 million, and for the current fiscal year, it is $5.69 on revenues of $1.2 billion [7] - The stock has gained approximately 18.3% since the beginning of the year, outperforming the S&P 500's gain of 15.5% [3] Industry Context - The Zacks Industry Rank for Banks - Southeast places it in the top 19% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Renasant (RNST), a peer in the same industry, is expected to report quarterly earnings of $0.79 per share, reflecting a year-over-year increase of +12.9% [9]

Financial Performance - Net income for Q3 2025 was $106.0 million, or $1.54 per diluted share, up from $99.2 million, or $1.44 per diluted share in Q3 2024, representing a 7.1% increase [2]. - Year-to-date net income reached $303.8 million, or $4.41 per diluted share, compared to $264.3 million, or $3.83 per diluted share for the same period in 2024, marking a 14.9% increase [3]. - Net income for Q3 2025 was $106,029,000, a decrease of 3.3% from $109,834,000 in Q2 2025 [26]. - Adjusted net income for Q3 2025 was $105,289,000, compared to $109,444,000 in Q2 2025, reflecting a decline of 3.5% [26]. - Net income available to common shareholders for Q3 2025 was $106,029,000, compared to $99,212,000 in Q3 2024, reflecting an increase of 6.8% year-over-year [43]. - Adjusted net income for Q3 2025 was $105,289,000, up from $95,187,000 in Q3 2024, representing a 10.5% increase [43]. - Total consolidated net income for the nine months ended September 2025 was $303,798,000, compared to $264,309,000 for the same period in 2024, reflecting a year-over-year increase of 15% [52]. Income and Revenue - Net interest income increased to $238.9 million in Q3 2025, a rise of $23.9 million, or 11.1%, compared to Q3 2024 [5]. - Noninterest income rose to $76.3 million in Q3 2025, a 10.7% increase from $68.9 million in Q2 2025 [10]. - Total revenue for the three months ended September 2025 was $314,238 thousand, an increase from $300,724 thousand in June 2025, representing a growth of 1.7% [45]. - Net interest income for the nine months ended September 2025 reached $691,616 thousand, up from $627,369 thousand for the same period in 2024, reflecting a year-over-year increase of 10.2% [45]. - The adjusted total revenue (TE) for the nine months ended September 2025 was $901,144 thousand, an increase from $830,803 thousand in the same period of 2024, reflecting a year-over-year growth of 8.5% [45]. Assets and Deposits - Total assets increased to $27,099,829 thousand in September 2025, up from $26,680,153 thousand in June 2025, representing a growth of 1.56% [30]. - Total deposits reached $22,228,078 thousand in September 2025, up from $21,932,675 thousand in June 2025, reflecting a growth of 1.35% [30]. - Total deposits amounted to $21,898,464 thousand in September 2025, a decrease from $21,929,517 thousand in June 2025, reflecting a decline of 0.14% [36]. - Noninterest-bearing deposits increased to $6,849,129 thousand in September 2025, up from $6,766,557 thousand in June 2025, representing a growth of 1.22% [36]. Expenses and Efficiency - Noninterest expense decreased by $694,000, or 0.4%, to $154.6 million in Q3 2025 compared to Q2 2025 [11]. - Total noninterest expense for Q3 2025 was $154,566 thousand, slightly down from $155,260 thousand in June 2025, showing a decrease of 0.4% [45]. - The efficiency ratio improved to 49.19% in Q3 2025 from 51.63% in Q2 2025, indicating better cost management [26]. - The adjusted efficiency ratio for September 2025 improved to 49.47%, compared to 51.58% in June 2025, indicating enhanced operational efficiency [45]. Credit Quality - The allowance for credit losses on loans was 1.62% at September 30, 2025, compared to 1.63% at the end of 2024 [18]. - The allowance for credit losses at the end of September 2025 was $392,362 thousand, an increase from $377,181 thousand in June 2025, indicating a rise of 4.03% [32]. - Non-performing assets totaled $109,428 thousand in September 2025, compared to $97,261 thousand in June 2025, marking an increase of 12.03% [32]. - Net charge-offs for the three months ended September 2025 were $7,449 thousand, a decrease from $7,098 thousand in June 2025, showing a decline of 4.95% [32]. - Provision for credit losses in the Banking Division rose significantly to $21,617,000 in Q3 2025, compared to $677,000 in Q2 2025 [52]. Shareholder Equity - Shareholders' equity increased by $265.2 million, or 7.1%, to $4.02 billion at September 30, 2025, driven by earnings and improved comprehensive income [15]. - Total tangible shareholders' equity as of September 2025 was $2,942,352 thousand, an increase from $2,839,450 thousand in June 2025, marking a growth of 3.6% [46]. - Book value per share increased to $58.56 in September 2025, compared to $57.02 in June 2025, reflecting a growth of 2.7% [46]. Loan Performance - Loans, net of unearned income, rose to $21,258,374 thousand in September 2025, compared to $21,041,497 thousand in June 2025, an increase of 1.03% [30]. - Commercial and industrial loans rose to $3,299,269 thousand in September 2025, compared to $3,184,211 thousand in June 2025, marking an increase of 3.61% [34]. - Total loans increased to $21,258,374 thousand in September 2025, up from $21,041,497 thousand in June 2025, representing a growth of 1.03% [34]. - Retail Mortgage Division net interest income for Q3 2025 was $20,179,000, a decrease of 10.5% from Q2 2025's $22,031,000 [50]. - The Retail Mortgage Division's net income for Q3 2025 was $18,700,000, up 20.4% from $15,556,000 in Q2 2025 [50].

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