Financial Data and Key Metrics Changes - The company reported net income of $88 million, or $0.25 per diluted share on an adjusted basis, reflecting a return on average assets of 1.63% and a return on tangible equity of 19.46% [5][13] - The adjusted efficiency ratio improved from 54.62% in the first quarter to 54.07% in the second quarter [5][20] - Tangible book value increased by $1.18 per share or 4.7% during the second quarter, with a year-to-date increase of $2.76 or over 11% [8][14] Business Line Data and Key Metrics Changes - Annualized net loan growth was approximately 5% for the quarter, with significant growth of $100 million in Commercial and Industrial (C&I) loans [6][22] - Non-interest income declined due to decreases in mortgage banking, with production in the Retail Mortgage Group down 9% to $2.4 billion [18][19] - Total non-interest expense decreased by $13 million from $148.8 million in the previous quarter to $135.8 million [20] Market Data and Key Metrics Changes - Non-performing assets as a percentage of total assets improved to 32 basis points, down from 40 basis points last quarter [9] - The company experienced continued deposit growth, with non-interest-bearing deposits approaching 40% of total deposits [7][23] Company Strategy and Development Direction - The company is focused on growing tangible book value and capital position, with a TCE ratio of 8.83%, close to the 9% goal [8][14] - Management emphasized the importance of core funding growth during the current low-rate environment, anticipating that this will distinguish leaders in the industry as rates rise [7] - The company remains opportunistic regarding M&A, focusing on cultural fit and accretive transactions while also pursuing organic growth opportunities [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic recovery, noting that businesses are reopening and traffic patterns are returning to normal [10] - The company anticipates mid to upper-single-digit loan growth for the year, despite challenges from PPP loan runoff [24] - Management highlighted the importance of technology and efficiency improvements, particularly in the mortgage sector, to maintain competitive advantage [66][67] Other Important Information - The company published its first Corporate Social Responsibility Report in May, aligning with sustainability standards [11] - The company has approximately $2.5 billion of excess liquidity on its balance sheet, which negatively impacted the TCE ratio by 120 basis points [14][23] Q&A Session Summary Question: Expense management in light of declining mortgage revenue - Management indicated that they expect to continue reducing expenses in line with declining mortgage production, particularly in variable costs such as commissions and IT [26][28] Question: Capital base and share buyback considerations - Management acknowledged the attractive stock price and indicated that share buybacks are a consideration if the stock continues to pull back [30][31] Question: M&A interest and market dynamics - Management noted that they remain disciplined in M&A, focusing on cultural fit and accretive opportunities, while also capitalizing on organic growth [32][34] Question: Core margin outlook - Management guided for mid single-digit compression in core margin for the next quarter, with expectations of improvement as excess liquidity is deployed [35][36] Question: Mortgage production trends and inventory issues - Management expressed optimism about stable mortgage production despite inventory shortages, driven by strong demand [37][38] Question: Core expenses and hiring dynamics - Management explained that expense reductions have been achieved through strategic hiring and reallocating resources, despite ongoing recruitment efforts [41][43]

Ameris Bancorp (NYSE:ABCB) Q1 2021 Results Earnings Conference Call April 23, 2021 9:00 AM ET Company Participants Palmer Proctor Jr. - Chief Executive Officer Nicole Stokes - Corporate Executive Vice President and Chief Financial Officer Jon Edwards - Corporate Executive Vice President and Chief Credit Officer Conference Call Participants Casey Whitman - Piper Sandler Brady Gailey - Keefe, Bruyette & Woods Jennifer Demba - Truist Securities Brody Preston - Stephens Inc David Feaster - Raymond James Christo ...

Financial Performance - Net income for 1Q21 was $125.0 million, a 547% increase compared to $19.322 million in 1Q20[9] - Net income per diluted share for 1Q21 was $1.79, a 539% increase compared to $0.28 in 1Q20[9] - Return on average assets for 1Q21 was 2.44%, a 468% increase compared to 0.43% in 1Q20[9] - Adjusted net income for 1Q21 was $115.7 million, a 195% increase compared to $39.205 million in 1Q20[9] - The efficiency ratio improved to 52.59% in 1Q21, compared to 68.23% in 1Q20[9] Loan Portfolio and Credit Quality - Total loans outstanding were $14.6 billion[43] - The allowance for loan losses (ALLL) totaled $178.6 million at 1Q21, representing 1.22% of gross loans[33] - Non-performing assets (NPA) decreased to 0.40% of total assets[10,41] - Active COVID deferrals totaled $280.2 million, or 1.9% of total loans[36] Growth and Capital - Tangible book value (TBV) increased $1.58 per share to $25.27 per share, compared with $23.69 at the end of 4Q20[10] - TCE / TA at quarter end of 8.62%, up from 8.47% at the end of 4Q20[27]

Start Time: 09:00 January 1, 0000 10:04 AM ET Ameris Bancorp (NYSE:ABCB) Q4 2020 Earnings Conference Call January 29, 2021, 09:00 AM ET Company Participants Palmer Proctor - CEO Nicole Stokes - EVP and CFO Jon Edwards - EVP and Chief Credit Officer Conference Call Participants Casey Whitman - Piper Sandler Brady Gailey - Keefe, Bruyette & Woods David Feaster - Raymond James Jennifer Demba - Truist Securities Kevin Fitzsimmons - D.A. Davidson Brody Preston - Stephens Inc Christopher Marinac - Janney Montgome ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q 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 per share ABCB Nasdaq Global Select Market Emerging growth company ☐ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION ...