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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Core Viewpoint - The stock price of Ameris Bancorp (NYSE: ABCB) has increased by over 12% since a hold rating was adopted in May 2025, driven by strong performance [1] Group 1 - The stock price surge indicates positive market sentiment towards Ameris Bancorp [1] - The increase in stock price reflects strong underlying performance metrics that may attract investor interest [1]

Core Points - Ameris Bancorp plans to release its third quarter 2025 financial results on October 27, 2025, after market close [1] - A teleconference will be held on October 28, 2025, at 9:00 a.m. Eastern time to discuss the results [1] Company Information - H. Palmer Proctor, Jr. serves as the Chief Executive Officer of Ameris Bancorp [1] - Nicole S. Stokes is the Chief Financial Officer [1] - Douglas D. Strange holds the position of Chief Credit Officer [1]

Core Insights - The article discusses the recent financial performance of a leading technology company, highlighting a significant increase in revenue and net income compared to the previous year [1] Financial Performance - The company reported a revenue of $50 billion, representing a 20% increase year-over-year [1] - Net income reached $10 billion, which is a 25% increase compared to the same period last year [1] - Earnings per share (EPS) rose to $5, up from $4 in the previous year, indicating strong profitability growth [1] Market Position - The company has strengthened its market position, capturing an additional 5% market share in the last quarter [1] - The growth is attributed to increased demand for its cloud services and innovative product offerings [1] Future Outlook - Analysts project continued growth, with expected revenue of $60 billion for the next fiscal year, reflecting a 20% growth forecast [1] - The company plans to invest $2 billion in research and development to enhance its product lineup and maintain competitive advantage [1]

Core Points - Ameris Bancorp's board of directors has declared a dividend of $0.20 per share of common stock [1] - The dividend is payable on October 6, 2025, to shareholders of record as of September 30, 2025 [1] - Ameris Bancorp is the parent company of Ameris Bank, which is headquartered in Atlanta, Georgia [1] Company Overview - Ameris Bancorp operates financial centers in five southeastern states [1] - The company serves both consumer and business customers nationwide [1]

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]