Ameris Bancorp(US:ABCB)2026-01-29 21:16Financial Performance - Net income for Q4 2025 was $108.4 million, or $1.59 per diluted share, up from $94.4 million, or $1.37 per diluted share in Q4 2024[3] - Full year 2025 net income reached $412.2 million, or $6.00 per diluted share, compared to $358.7 million, or $5.19 per diluted share in 2024, driven by a $87.7 million, or 10.3% increase in net interest income[4] - Net income for the three months ended December 2025 was $108,356,000, compared to $87,935,000 for the same period in 2024, representing a year-over-year increase of 23.2%[27] - Adjusted net income for the twelve months ended December 2025 was $411,625,000, up from $346,640,000 in 2024, reflecting a growth of 18.7%[27] - Net income for the twelve months ended December 2025 was $412,154,000, compared to $358,685,000 in 2024, showing an increase of 14.9%[29] - Net income available to common shareholders for Q4 2025 was $108,356,000, compared to $106,029,000 in Q3 2025, reflecting a growth of 2.2%[44] - Net income for the Banking Division in Q4 2025 reached $83,224,000, an increase of 10.9% compared to $75,065,000 in Q3 2025[52] - Net income for the company in 2025 was $412,154,000, an increase of 15% from $358,685,000 in 2024[52] Earnings and Shareholder Value - Basic earnings per share for the three months ended December 2025 was $1.59, compared to $1.28 for the same period in 2024, an increase of 24.2%[27] - Diluted earnings per common share for Q4 2025 was $1.59, up from $1.37 in Q4 2024, reflecting a growth of 16.1%[29] - The book value per share at the end of December 2025 was $59.92, compared to $54.32 at the end of December 2024, representing an increase of 10.5%[27] - Tangible book value per share at the end of December 2025 was $44.18, up from $38.59 in December 2024, marking a growth of 14.5%[46] Asset and Deposit Growth - Total assets increased to $27.52 billion at December 31, 2025, up from $26.26 billion at December 31, 2024[16] - Total deposits increased by $653.5 million, or 3.0%, to $22.38 billion at December 31, 2025[17] - Total deposits increased to $22,375,995,000 in December 2025 from $21,722,448,000 in December 2024, representing a rise of 3.0%[31] - Total earning assets increased to $25,399,767 thousand in December 2025, up from $24,956,298 thousand in September 2025, representing a growth of 1.77%[37] - Total deposits rose to $22,397,329 thousand in December 2025, compared to $21,898,464 thousand in September 2025, indicating an increase of 2.28%[37] Income and Expense Analysis - Total interest income for Q4 2025 was $358,063,000, an increase from $346,363,000 in Q4 2024, representing a growth of 3.9% year-over-year[29] - Noninterest income decreased by $14.4 million, or 18.9%, in Q4 2025, totaling $61.8 million compared to $76.3 million in Q3 2025[11] - Noninterest income for Q4 2025 totaled $61,827,000, a decrease from $68,959,000 in Q4 2024, indicating a decline of 10.3% year-over-year[29] - Total noninterest expense for the twelve months ended December 2025 was $603,950,000, a slight decrease from $607,794,000 in 2024[29] - Total noninterest expense for the Banking Division in Q4 2025 was $103,420,000, a decrease of 9.2% from $113,973,000 in Q3 2025[52] Efficiency and Profitability Metrics - Return on average assets (ROA) for Q4 2025 was 1.57%, with a full year ROA of 1.54%[6] - The return on average assets for the three months ended December 2025 was 1.57%, up from 1.36% in the same period of 2024, indicating improved operational efficiency[27] - The efficiency ratio for the three months ended December 2025 was 46.59%, a decrease from 52.83% in the same period of 2024, showing enhanced cost management[27] - Adjusted efficiency ratio for December 2025 improved to 46.59%, compared to 52.26% in December 2024, indicating enhanced operational efficiency[46] - The efficiency ratio for the twelve months ended December 2025 was 50.00%, down from 53.20% in December 2024, indicating improved cost management[46] Loan and Credit Quality - The allowance for loan losses remained stable at 1.62% of loans, with a net charge-off ratio of 26 basis points for Q4 2025[19] - The provision for credit losses was $16,601 thousand in December 2025, compared to $11,176 thousand in September 2025, marking an increase of 48.5%[33] - Non-performing assets totaled $120,472 thousand in December 2025, up from $109,428 thousand in September 2025, indicating a rise of 9.5%[33] - The net charge-offs as a percentage of average loans (annualized) increased to 0.26% in December 2025 from 0.14% in September 2025[33] - The total allowance for credit losses remained stable at $401,558 thousand in December 2025, consistent with the previous quarter[33] Market and Trading Activity - The average daily trading volume for the three months ended December 2025 was 448,341 shares, compared to 432,964 shares in the same period of 2024, indicating increased market activity[27] - The market data showed a high intraday price of $78.99 in December 2025, compared to $74.56 in December 2024, indicating a positive market perception[27]