Ameris Bancorp Announces Fourth Quarter and Record Full Year 2025 Financial Results

Highlights of Ameris’s results for the fourth quarter of 2025 include the following:

• Net income of $108.4 million, or $1.59 per diluted share
• Return on average assets ("ROA") of 1.57%
• Return on average tangible common equity⁽¹⁾ of 14.46%
• Efficiency ratio improvement to 46.59%
• Earning asset growth of $374.0 million, or 5.9% annualized
• Net interest margin (TE) expansion of five bps to 3.85% for the fourth quarter of 2025
• Growth in net interest income of $7.3 million, or 12.2% annualized, from third quarter of 2025
• Loan growth of $255.1 million, or 4.8% annualized
• Tangible book value⁽¹⁾ growth of $1.28 per share, or 11.8% annualized, to $44.18 at December 31, 2025
• Increased share repurchases totaling $40.8 million of stock, or 563,798 shares, in the quarter

Highlights of Ameris’s results for the full year of 2025 include the following:

• Net income of $412.2 million, or $6.00 per diluted share
• ROA of 1.54%
• Return on average tangible common equity⁽¹⁾ of 14.49%
• Net interest margin (TE) of 3.79% for the full year 2025
• Earning asset growth of $1.32 billion, or 5.5%
• Total deposits increase of $653.5 million, or 3.0%
• Tangible book value⁽¹⁾ growth of $5.59 per share, or 14.5%, to $44.18 at December 31, 2025
• TCE ratio⁽¹⁾ of 11.37%, compared with 10.59% one year ago
• Allowance for loan losses of 1.62% of loans at December 31, 2025
• Decline in net charge-offs to 0.18% of average total loans

ATLANTA--(BUSINESS WIRE)--Ameris Bancorp (NYSE: ABCB) (the "Company") today reported net income of $108.4 million, or $1.59 per diluted share, for the quarter ended December 31, 2025, compared with $94.4 million, or $1.37 per diluted share, for the quarter ended December 31, 2024.

For the year ended December 31, 2025, the Company reported net income of $412.2 million, or $6.00 per diluted share, compared with $358.7 million, or $5.19 per diluted share, for the same period in 2024. The increase in net income was primarily attributable to an increase in net interest income of $87.7 million, or 10.3%, over the same period.

Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, "We are proud of our fourth quarter performance and the strong finish to another successful year for Ameris. We remained disciplined and focused on core profitability and enhancing franchise value for our shareholders. This is highlighted by our strong ROA of 1.54%, profitable asset growth that drove margin expansion and positive operating leverage, all accomplished while growing tangible book value over 14% during the year. We reinvested in ourselves, utilizing our share buyback authorization to purchase over $77 million of our common stock in 2025. Given our proven track record and robust capital levels, we are well positioned to capitalize on the growth opportunity across our Southeast footprint going forward."

Net Interest Income and Net Interest Margin

Net interest income on a tax-equivalent basis (TE) was $246.3 million in the fourth quarter of 2025, an increase of $7.4 million, or 3.1%, from last quarter and $23.5 million, or 10.6%, compared with the fourth quarter of 2024. The Company's net interest margin expanded to 3.85% for the fourth quarter of 2025, a five basis point increase from 3.80% reported for the third quarter of 2025 and a 21 basis point improvement from the 3.64% reported for the fourth quarter of 2024. The increase in net interest margin is primarily attributable to decreased deposit costs and the redemptions of subordinated debt during the third and fourth quarters of 2025.

Net interest income on a tax-equivalent basis for the full year 2025 increased $87.7 million to $940.7 million, compared with $853.0 million for 2024. The increase in net interest income is primarily attributable to decreased yields on interest-bearing deposits compared with the prior year. Interest income on a tax-equivalent basis increased $16.2 million, while interest-bearing deposit funding costs decreased by $60.5 million and non-deposit funding costs decreased by $11.0 million. The Company's net interest margin was 3.79% for 2025, compared with 3.56% for 2024.

Yields on earning assets decreased five basis points during the quarter to 5.61%, compared with 5.66% in the third quarter of 2025. This decrease is primarily related to a decrease in yields on loans from 5.87% for the third quarter of 2025 to 5.84% during the fourth quarter of 2025. Compared with the fourth quarter of 2024, yields on earning assets decreased six basis points from 5.67%, and loan yields decreased three basis points from 5.87%.

The Company’s total cost of funds was 1.95% in the fourth quarter of 2025, a decrease of 10 and 27 basis points compared with the third quarter of 2025 and fourth quarter of 2024, respectively. Deposit costs decreased seven basis points during the fourth quarter of 2025 to 1.87%, compared with 1.94% in the third quarter of 2025. Costs of interest-bearing deposits decreased from 2.82% in the third quarter of 2025 to 2.66% in the fourth quarter of 2025, with average balance increases in NOW, money market, and brokered deposit accounts being offset by decreased costs across all deposit categories.

Noninterest Income

Noninterest income decreased $14.4 million, or 18.9%, in the fourth quarter of 2025 to $61.8 million, compared with $76.3 million for the third quarter of 2025. Mortgage banking activity decreased by $8.8 million, or 21.6%, to $31.9 million in the fourth quarter of 2025, compared with $40.7 million for the third quarter of 2025. Total production in the retail mortgage division increased $120.8 million, or 11.0%, to $1.22 billion in the fourth quarter of 2025, compared with $1.09 billion for the third quarter of 2025. The retail mortgage open pipeline was $701.9 million at the end of the fourth quarter of 2025, compared with $787.2 million for the third quarter of 2025. Gain on sale spreads were flat in the fourth quarter of 2025 compared with the third quarter of 2025, remaining at 2.20%. Additionally, gain on sale securities decreased $1.6 million in the fourth quarter of 2025 compared with the third quarter of 2025.

Other noninterest income decreased $3.8 million, or 37.5% in the fourth quarter of 2025 compared with the third quarter. Included in other noninterest income in the fourth quarter of 2025 was a loss on the sale of mortgage servicing rights of $1.1 million compared with a gain of $125,000 in the third quarter of 2025, a servicing right impairment of $910,000 that did not occur in the prior quarter, and losses of $9,000 and $1.0 million on the sale of SBA loans and debt redemption, respectively, compared with gains of $427,000 and $572,000, respectively, in the third quarter of 2025. These decreases were partially offset by increases in merchant fee income and BOLI income of $494,000 and $321,000, respectively, compared with the prior quarter.

For the full year 2025, noninterest income decreased $22.2 million, or 7.6%, to $271.0 million, compared with $293.3 million for 2024. Mortgage banking activity decreased by $13.5 million, or 8.4%, to $147.0 million in 2025, compared with $160.5 million in 2024. Production in the retail mortgage division decreased to $4.51 billion in 2025, compared with $4.63 billion in 2024, while gain on sale spreads decreased to 2.20% in 2025 from 2.37% in 2024. Gain (loss) on securities decreased $10.7 million, or 86.7%, as the Company recorded a gain on conversion of Visa Class B stock and related realized gain (loss) on subsequent sales totaling $12.3 million in 2024, compared with realized gains on other investments of $1.6 million during 2025. Other noninterest income decreased $10.5 million, or 24.2%, in 2025, compared with 2024. This decrease primarily resulted from a net loss on sale of MSR of $660,000 in 2025, compared with a gain of $10.5 million in 2024.

Noninterest Expense

The Company has remained disciplined on expense control, with noninterest expense decreasing $11.5 million, or 7.4%, in the fourth quarter of 2025 to $143.1 million, compared with $154.6 million for the third quarter of 2025. Salaries and employee benefits decreased $9.0 million, primarily due to decreases in incentive compensation, healthcare costs and 401(k) expenses. Advertising and marketing expenses decreased $1.4 million, primarily due to a marketing campaign that ended early in the fourth quarter of 2025. Loan servicing expenses decreased $875,000 compared with the third quarter of 2025, largely due to the sale of mortgage servicing rights in the third quarter. Management continues to focus on operating efficiency, and the adjusted efficiency ratio⁽¹⁾ improved to 46.54% in the fourth quarter of 2025, compared with 49.47% in the third quarter of 2025.

For the full year 2025, noninterest expense decreased $3.8 million, or 0.6%, to $604.0 million, compared with $607.8 million in 2024. This decrease primarily resulted from decreases in loan servicing expenses and occupancy and equipment expenses of $5.0 million and $3.9 million, respectively. Loan servicing expenses decreased due to the sale of mortgage servicing rights during both 2024 and 2025. The decrease in occupancy and equipment expenses was attributable to lower depreciation, repairs and maintenance, and rental expense. These decreases were partially offset by a $2.8 million increase in data processing and communication expenses, relating to continued technology investments, and a $2.2 million increase in other noninterest expenses, including professional fees and debit card losses.

Income Tax Expense

The Company's effective tax rate for 2025 was 22.8%, compared with 24.6% for 2024. The Company's effective tax rate for the fourth quarter of 2025 was 23.2%, compared with 22.6% for the third quarter of 2025. The increased rate for the fourth quarter of 2025 resulted primarily from a return to provision adjustment made when the Company filed its 2024 income tax returns in the fourth quarter of 2025.

Balance Sheet Trends

Total assets at December 31, 2025 were $27.52 billion, compared with $27.10 billion at September 30, 2025 and $26.26 billion at December 31, 2024. During the fourth quarter of 2025, loans, net of unearned income, increased $255.1 million, or 4.8% annualized. Unfunded commitments increased $282.6 million during the fourth quarter of 2025, due to strong production during the quarter. Loans held for sale increased to $623.2 million at December 31, 2025 from $528.6 million at December 31, 2024. Debt securities available-for-sale increased to $2.21 billion, compared with $1.67 billion at December 31, 2024.

At December 31, 2025, total deposits amounted to $22.38 billion, compared with $21.72 billion at December 31, 2024. During the fourth quarter of 2025, deposits increased $147.9 million, with money market accounts increasing $471.7 million, interest bearing demand accounts increasing $33.0 million and savings accounts increasing $8.3 million, with such increases offset in part by a decrease in noninterest bearing accounts of $331.1 million, a decrease in retail CDs of $33.6 million and a decrease in brokered CDs of $403,000. Noninterest bearing accounts represented 28.7% of total deposits, compared with 30.4% at September 30, 2025 and 29.9% at December 31, 2024.

Shareholders’ equity at December 31, 2025 totaled $4.08 billion, an increase of $324.5 million, or 8.6%, from December 31, 2024. The increase in shareholders’ equity was primarily the result of earnings of $412.2 million during the full year of 2025 and an improvement in other comprehensive income of $38.4 million resulting from changes in interest rates on the Company's investment portfolio, partially offset by dividends declared and share repurchases. Tangible book value per share⁽¹⁾ increased $5.59 per share, or 14.5%, during the full year of 2025 to $44.18 at December 31, 2025. Tangible common equity as a percentage of tangible assets was 11.37% at December 31, 2025, compared with 10.59% at the end of 2024. The Company repurchased 563,798 shares of its common stock during the quarter ended December 31, 2025.

Credit Quality

During the fourth quarter of 2025, the Company recorded a provision for credit losses of $23.0 million, with the allowance for credit losses remaining stable at 1.62% of loans, compared with a provision of $22.6 million in the third quarter of 2025. Nonperforming assets as a percentage of total assets increased four basis points to 0.44% during the quarter. Approximately $24.3 million, or 20.2%, of the nonperforming assets at December 31, 2025 were GNMA-guaranteed mortgage loans, which have minimal loss exposure. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets was relatively flat, having increased two basis points to 0.35% at December 31, 2025, compared with 0.33% at the end of the third quarter of 2025. The net charge-off ratio was 26 basis points for the fourth quarter of 2025, compared with 14 basis points in the third quarter of 2025. For the full year 2025, the net charge-off ratio decreased one basis point to 18 basis points, compared with 19 basis points for 2024.

Conference Call

The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, January 30, 2026, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference call until February 6, 2026. To listen to the replay, dial 1-855-669-9658. The conference replay access code is 2935441. The financial information discussed will be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com. Participants also may listen to a live webcast of the presentation by visiting the link on the Investor Relations page of the Ameris Bank website.

About Ameris Bancorp

Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 163 financial centers across the Southeast and also serves consumer and business customers nationwide through select lending channels. Ameris manages $27.5 billion in assets as of December 31, 2025, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.

⁽¹⁾ Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D.

This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management uses these non-GAAP financial measures in its analysis of the Company’s performance. These measures are useful when evaluating the underlying performance and efficiency of the Company’s operations and balance sheet. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company’s management believes that investors may use these non-GAAP financial measures to evaluate the Company’s financial performance without the impact of unusual items that may obscure trends in the Company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies.

This news release 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,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin, investment security valuations and other performance measures; expectations and assumptions regarding credit quality and performance; legislative and regulatory changes; changes in U.S. government trade, monetary and fiscal policies, including tariffs; competitive pressures on product pricing and services; fraud, theft or other misconduct impacting our customers or operations; cybersecurity risks, including data breaches, malware, ransomware and account takeovers; the success and timing of our business strategies and plans; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and, except as required by law, the Company undertakes no obligation to update or revise forward-looking statements.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Financial Highlights	Table 1
	Three Months Ended															Twelve Months Ended
	Dec			Sep			Jun			Mar			Dec			Dec			Dec
(dollars in thousands except per share data)		2025			2025			2025			2025			2024			2025			2024
EARNINGS
Net income	$	108,356		$	106,029		$	109,834		$	87,935		$	94,376		$	412,154		$	358,685
Adjusted net income^(1)	$	108,848		$	105,289		$	109,444		$	88,044		$	95,078		$	411,625		$	346,640
COMMON SHARE DATA
Earnings per share available to common shareholders
Basic	$	1.59		$	1.55		$	1.60		$	1.28		$	1.37		$	6.02		$	5.21
Diluted	$	1.59		$	1.54		$	1.60		$	1.27		$	1.37		$	6.00		$	5.19
Adjusted diluted EPS^(1)	$	1.59		$	1.53		$	1.59		$	1.28		$	1.38		$	5.99		$	5.02
Cash dividends per share	$	0.20		$	0.20		$	0.20		$	0.20		$	0.20		$	0.80		$	0.65
Book value per share (period end)	$	59.92		$	58.56		$	57.02		$	55.49		$	54.32		$	59.92		$	54.32
Tangible book value per share (period end)^(1)	$	44.18		$	42.90		$	41.32		$	39.78		$	38.59		$	44.18		$	38.59
Weighted average number of shares
Basic		68,022,346			68,401,737			68,594,608			68,785,458			68,799,464			68,448,812			68,808,830
Diluted		68,328,365			68,665,669			68,796,577			69,030,331			69,128,946			68,705,914			69,061,832
Period end number of shares		68,022,316			68,587,742			68,711,043			68,910,924			69,068,609			68,022,316			69,068,609
Market data
High intraday price	$	78.99		$	76.58		$	65.43		$	68.85		$	74.56		$	78.99		$	74.56
Low intraday price	$	68.80		$	64.30		$	48.27		$	55.32		$	59.12		$	48.27		$	44.00
Period end closing price	$	74.27		$	73.31		$	64.70		$	57.57		$	62.57		$	74.27		$	62.57
Average daily volume		448,341			435,766			416,355			430,737			384,406			432,964			368,293
PERFORMANCE RATIOS
Return on average assets		1.57	%		1.56	%		1.65	%		1.36	%		1.42	%		1.54	%		1.38	%
Adjusted return on average assets^(1)		1.58	%		1.55	%		1.64	%		1.36	%		1.43	%		1.53	%		1.33	%
Return on average common equity		10.63	%		10.61	%		11.40	%		9.39	%		10.09	%		10.52	%		10.01	%
Adjusted return on average tangible common equity^(1)		14.53	%		14.46	%		15.76	%		13.16	%		14.37	%		14.49	%		13.93	%
Earning asset yield (TE)		5.61	%		5.66	%		5.64	%		5.61	%		5.67	%		5.63	%		5.77	%
Total cost of funds		1.95	%		2.05	%		2.06	%		2.06	%		2.22	%		2.03	%		2.40	%
Net interest margin (TE)		3.85	%		3.80	%		3.77	%		3.73	%		3.64	%		3.79	%		3.56	%
Efficiency ratio		46.59	%		49.19	%		51.63	%		52.83	%		52.26	%		50.00	%		53.20	%
Adjusted efficiency ratio (TE)^(1)		46.54	%		49.47	%		51.58	%		52.62	%		51.82	%		49.99	%		53.88	%
CAPITAL ADEQUACY (period end)
Shareholders' equity to assets		14.81	%		14.82	%		14.68	%		14.42	%		14.28	%		14.81	%		14.28	%
Tangible common equity to tangible assets^(1)		11.37	%		11.31	%		11.09	%		10.78	%		10.59	%		11.37	%		10.59	%
OTHER DATA (period end)
Full time equivalent employees
Banking Division		2,043			2,068			2,036			2,045			2,021			2,043			2,021
Retail Mortgage Division		538			546			550			577			585			538			585
Warehouse Lending Division		7			8			8			7			8			7			8
Premium Finance Division		85			78			78			81			77			85			77
Total Ameris Bancorp FTE headcount		2,673			2,700			2,672			2,710			2,691			2,673			2,691
Branch locations		163			164			164			164			164			163			164
Deposits per branch location	$	137,276		$	135,537		$	133,736		$	133,612		$	132,454		$	137,276		$	132,454
^(1)Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Income Statement	Table 2
	Three Months Ended												Twelve Months Ended
	Dec		Sep		Jun			Mar		Dec			Dec		Dec
(dollars in thousands except per share data)		2025		2025		2025			2025		2024			2025		2024
Interest income
Interest and fees on loans	$	323,833	$	321,457	$	315,893		$	304,168	$	318,843		$	1,265,351	$	1,265,522
Interest on taxable securities		24,886		23,253		20,696			18,492		15,923			87,327		61,518
Interest on nontaxable securities		422		343		334			329		337			1,428		1,338
Interest on deposits in other banks		8,922		9,993		10,715			10,789		11,260			40,419		49,906
Total interest income		358,063		355,046		347,638			333,778		346,363			1,394,525		1,378,284
Interest expense
Interest on deposits		105,314		106,851		106,796			105,215		115,556			424,176		484,673
Interest on other borrowings		7,442		10,231		9,029			6,724		8,986			33,426		44,421
Total interest expense		112,756		117,082		115,825			111,939		124,542			457,602		529,094
Net interest income		245,307		237,964		231,813			221,839		221,821			936,923		849,190
Provision for loan losses		16,601		11,176		3,110			16,519		12,657			47,406		69,841
Provision for unfunded commitments		6,348		11,446		(335	)		5,373		148			22,832		(11,048	)
Provision for other credit losses		1		8		(3	)		—		3			6		—
Provision for credit losses		22,950		22,630		2,772			21,892		12,808			70,244		58,793
Net interest income after provision for credit losses		222,357		215,334		229,041			199,947		209,013			866,679		790,397
Noninterest income
Service charges on deposit accounts		14,088		13,931		13,493			13,133		13,544			54,645		50,893
Mortgage banking activity		31,874		40,666		39,221			35,254		36,699			147,015		160,475
Other service charges, commissions and fees		1,102		1,124		1,158			1,109		1,182			4,493		4,758
Gain (loss) on securities		12		1,581		—			40		(16	)		1,633		12,304
Equipment finance activity		8,434		8,858		6,572			6,698		5,947			30,562		21,664
Other noninterest income		6,317		10,114		8,467			7,789		11,603			32,687		43,163
Total noninterest income		61,827		76,274		68,911			64,023		68,959			271,035		293,257
Noninterest expense
Salaries and employee benefits		81,997		90,948		89,308			86,615		87,810			348,868		347,641
Occupancy and equipment		11,321		11,524		11,401			10,677		11,624			44,923		48,784
Data processing and communications expenses		16,236		16,058		15,366			14,855		14,631			62,515		59,699
Credit resolution-related expenses^(1)		953		770		657			765		1,271			3,145		2,487
Advertising and marketing		1,984		3,377		3,745			2,883		2,730			11,989		12,612
Amortization of intangible assets		3,879		3,879		4,076			4,103		4,180			15,937		17,189
Loan servicing expenses		7,267		8,142		7,897			7,823		8,300			31,129		36,157
Other noninterest expenses		19,453		19,868		22,810			23,313		21,403			85,444		83,225
Total noninterest expense		143,090		154,566		155,260			151,034		151,949			603,950		607,794
Income before income tax expense		141,094		137,042		142,692			112,936		126,023			533,764		475,860
Income tax expense		32,738		31,013		32,858			25,001		31,647			121,610		117,175
Net income	$	108,356	$	106,029	$	109,834		$	87,935	$	94,376		$	412,154	$	358,685
Diluted earnings per common share	$	1.59	$	1.54	$	1.60		$	1.27	$	1.37		$	6.00	$	5.19
^(1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Period End Balance Sheet	Table 3
	Dec			Sep			Jun			Mar			Dec
(dollars in thousands)		2025			2025			2025			2025			2024
Assets
Cash and due from banks	$	253,807		$	216,927		$	249,676		$	253,289		$	244,980
Interest-bearing deposits in banks		835,113			826,237			920,594			1,039,111			975,397
Debt securities available-for-sale, at fair value		2,207,173			2,131,671			1,871,298			1,943,011			1,671,260
Debt securities held-to-maturity, at amortized cost		203,242			202,581			176,487			173,757			164,677
Other investments		85,443			70,644			69,910			65,630			66,298
Loans held for sale		623,152			604,136			544,091			545,388			528,599
Loans, net of unearned income		21,513,522			21,258,374			21,041,497			20,706,644			20,739,906
Allowance for credit losses		(348,141	)		(345,294	)		(341,567	)		(345,555	)		(338,084	)
Loans, net		21,165,381			20,913,080			20,699,930			20,361,089			20,401,822
Other real estate owned		2,918			3,137			1,825			863			2,433
Premises and equipment, net		213,097			211,567			211,434			207,895			209,460
Goodwill		1,015,646			1,015,646			1,015,646			1,015,646			1,015,646
Other intangible assets, net		54,824			58,703			62,582			66,658			70,761
Cash value of bank owned life insurance		420,583			417,096			414,381			410,890			408,574
Other assets		435,500			428,404			442,299			431,713			502,143
Total assets	$	27,515,879		$	27,099,829		$	26,680,153		$	26,514,940		$	26,262,050
Liabilities
Deposits
Noninterest-bearing	$	6,426,145		$	6,757,233		$	6,800,519		$	6,744,781		$	6,498,293
Interest-bearing		15,949,850			15,470,845			15,132,156			15,167,628			15,224,155
Total deposits		22,375,995			22,228,078			21,932,675			21,912,409			21,722,448
Other borrowings		558,039			337,094			376,700			276,744			291,788
Subordinated deferrable interest debentures		134,302			133,804			133,306			132,807			132,309
Other liabilities		371,515			384,152			319,794			369,178			363,983
Total liabilities		23,439,851			23,083,128			22,762,475			22,691,138			22,510,528
Shareholders' Equity
Preferred stock		—			—			—			—			—
Common stock		72,898			72,900			72,897			72,885			72,699
Capital stock		1,971,131			1,968,124			1,964,896			1,961,732			1,958,642
Retained earnings		2,210,385			2,115,712			2,023,493			1,927,489			1,853,428
Accumulated other comprehensive income (loss), net of tax		8,312			5,171			(6,886	)		(14,430	)		(30,119	)
Treasury stock		(186,698	)		(145,206	)		(136,722	)		(123,874	)		(103,128	)
Total shareholders' equity		4,076,028			4,016,701			3,917,678			3,823,802			3,751,522
Total liabilities and shareholders' equity	$	27,515,879		$	27,099,829		$	26,680,153		$	26,514,940		$	26,262,050
Other Data
Earning assets	$	25,467,645		$	25,093,643		$	24,623,877		$	24,473,541		$	24,146,137
Intangible assets		1,070,470			1,074,349			1,078,228			1,082,304			1,086,407
Interest-bearing liabilities		16,642,191			15,941,743			15,642,162			15,577,179			15,648,252
Average assets		27,394,953			26,972,134			26,757,322			26,229,423			26,444,894
Average common shareholders' equity		4,044,338			3,964,207			3,865,031			3,798,149			3,719,888

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Asset Quality Information	Table 4
	Three Months Ended															Twelve Months Ended
	Dec			Sep			Jun			Mar			Dec			Dec			Dec
(dollars in thousands)		2025			2025			2025			2025			2024			2025			2024
Allowance for Credit Losses
Balance at beginning of period	$	392,362		$	377,181		$	381,507		$	368,663		$	364,885		$	368,663		$	348,727
Provision for loan losses		16,601			11,176			3,110			16,519			12,657			47,406			69,841
Provision for unfunded commitments		6,348			11,446			(335	)		5,373			148			22,832			(11,048	)
Provision for other credit losses		1			8			(3	)		—			3			6			—
Provision for credit losses		22,950			22,630			2,772			21,892			12,808			70,244			58,793
Charge-offs		19,575			13,631			14,227			15,383			17,460			62,816			68,113
Recoveries		5,821			6,182			7,129			6,335			8,430			25,467			29,256
Net charge-offs (recoveries)		13,754			7,449			7,098			9,048			9,030			37,349			38,857
Ending balance	$	401,558		$	392,362		$	377,181		$	381,507		$	368,663		$	401,558		$	368,663
Allowance for loan losses	$	348,141		$	345,294		$	341,567		$	345,555		$	338,084		$	348,141		$	338,084
Allowance for unfunded commitments		53,342			46,994			35,548			35,883			30,510			53,342			30,510
Allowance for other credit losses		75			74			66			69			69			75			69
Total allowance for credit losses	$	401,558		$	392,362		$	377,181		$	381,507		$	368,663		$	401,558		$	368,663
Non-Performing Assets
Nonaccrual portfolio loans	$	84,711		$	77,257		$	75,286		$	86,229		$	90,206		$	84,711		$	90,206
Other real estate owned		2,918			3,137			1,825			863			2,433			2,918			2,433
Repossessed assets		4			3			2			—			9			4			9
Accruing loans delinquent 90 days or more		8,492			9,325			8,415			14,930			17,733			8,492			17,733
Non-performing portfolio assets	$	96,125		$	89,722		$	85,528		$	102,022		$	110,381		$	96,125		$	110,381
Serviced GNMA-guaranteed mortgage nonaccrual loans		24,347			19,706			11,733			13,441			12,012			24,347			12,012
Total non-performing assets	$	120,472		$	109,428		$	97,261		$	115,463		$	122,393		$	120,472		$	122,393
Asset Quality Ratios
Non-performing portfolio assets as a percent of total assets		0.35	%		0.33	%		0.32	%		0.38	%		0.42	%		0.35	%		0.42	%
Total non-performing assets as a percent of total assets		0.44	%		0.40	%		0.36	%		0.44	%		0.47	%		0.44	%		0.47	%
Net charge-offs as a percent of average loans (annualized)		0.26	%		0.14	%		0.14	%		0.18	%		0.17	%		0.18	%		0.19	%

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Loan Information	Table 5
	Dec		Sep		Jun		Mar		Dec
(dollars in thousands)		2025		2025		2025		2025		2024
Loans by Type
Commercial and industrial	$	3,288,505	$	3,299,269	$	3,184,211	$	3,075,971	$	2,953,135
Consumer		180,010		202,688		209,990		213,902		221,735
Mortgage warehouse		1,150,782		1,083,941		1,092,475		891,412		965,053
Municipal		434,234		437,823		436,759		429,227		441,408
Premium Finance		1,306,267		1,358,259		1,294,293		1,176,309		1,155,614
Real estate - construction and development		1,469,250		1,411,178		1,485,842		1,842,431		1,998,506
Real estate - commercial and farmland		9,311,405		9,054,927		8,877,750		8,574,626		8,445,958
Real estate - residential		4,373,069		4,410,289		4,460,177		4,502,766		4,558,497
Total loans	$	21,513,522	$	21,258,374	$	21,041,497	$	20,706,644	$	20,739,906
Loans by Risk Grade
Pass	$	21,305,745	$	21,058,458	$	20,820,888	$	20,468,496	$	20,457,340
Other assets especially mentioned		39,709		37,236		66,677		73,783		110,936
Substandard		168,068		162,680		153,932		164,365		171,630
Total loans	$	21,513,522	$	21,258,374	$	21,041,497	$	20,706,644	$	20,739,906

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Average Balances	Table 6
	Three Months Ended										Twelve Months Ended
	Dec		Sep		Jun		Mar		Dec		Dec		Dec
(dollars in thousands)		2025		2025		2025		2025		2024		2025		2024
Earning Assets
Interest-bearing deposits in banks	$	884,149	$	883,976	$	951,851	$	980,164	$	899,162	$	924,660	$	930,145
Debt securities - taxable		2,432,934		2,282,470		2,117,596		1,998,226		1,761,984		2,209,202		1,690,053
Debt securities - nontaxable		45,237		44,823		41,299		41,391		41,494		43,202		41,419
Loans held for sale		758,588		706,679		730,770		565,531		795,904		690,965		547,190
Loans		21,278,859		21,038,350		20,928,825		20,620,777		20,868,216		20,968,702		20,759,247
Total Earning Assets	$	25,399,767	$	24,956,298	$	24,770,341	$	24,206,089	$	24,366,760	$	24,836,731	$	23,968,054
Deposits
Noninterest-bearing deposits	$	6,668,120	$	6,849,129	$	6,766,557	$	6,522,784	$	6,684,851	$	6,702,448	$	6,567,855
NOW accounts		4,052,397		3,900,999		3,939,802		3,988,458		3,888,404		3,970,399		3,824,094
MMDA		7,347,897		6,977,134		6,918,382		6,911,554		6,864,265		7,039,768		6,395,883
Savings accounts		754,439		756,383		766,331		767,148		761,980		761,027		776,273
Retail CDs		2,325,456		2,344,084		2,393,402		2,436,974		2,474,804		2,374,589		2,440,891
Brokered CDs		1,249,020		1,070,735		1,145,043		962,768		1,057,808		1,107,577		1,274,933
Total Deposits		22,397,329		21,898,464		21,929,517		21,589,686		21,732,112		21,955,808		21,279,929
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase		—		1		—		—		—		—		—
FHLB advances		423,669		443,243		326,054		149,537		215,116		336,672		335,056
Other borrowings		9,920		169,994		193,492		193,494		279,961		141,299		298,372
Subordinated deferrable interest debentures		134,041		133,541		133,043		132,544		132,048		133,297		131,302
Total Non-Deposit Funding		567,630		746,779		652,589		475,575		627,125		611,268		764,730
Total Funding	$	22,964,959	$	22,645,243	$	22,582,106	$	22,065,261	$	22,359,237	$	22,567,076	$	22,044,659

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Interest Income and Interest Expense (TE)	Table 7
	Three Months Ended										Twelve Months Ended
	Dec		Sep		Jun		Mar		Dec		Dec		Dec
(dollars in thousands)		2025		2025		2025		2025		2024		2025		2024
Interest Income
Interest-bearing deposits in banks	$	8,922	$	9,993	$	10,715	$	10,789	$	11,260	$	40,419	$	49,906
Debt securities - taxable		24,886		23,253		20,696		18,492		15,923		87,327		61,518
Debt securities - nontaxable (TE)		535		434		423		416		427		1,808		1,694
Loans held for sale		11,233		11,237		11,578		9,045		11,853		43,093		34,532
Loans (TE)		313,467		311,082		305,154		295,964		307,852		1,225,667		1,234,464
Total Earning Assets	$	359,043	$	355,999	$	348,566	$	334,706	$	347,315	$	1,398,314	$	1,382,114
Interest Expense
Interest-Bearing Deposits
NOW accounts	$	18,508	$	18,230	$	18,144	$	18,306	$	19,099	$	73,188	$	81,228
MMDA		52,455		54,657		53,469		52,261		57,160		212,842		231,065
Savings accounts		734		813		826		830		850		3,203		3,780
Retail CDs		20,567		21,253		21,852		23,245		25,610		86,917		102,672
Brokered CDs		13,050		11,898		12,505		10,573		12,837		48,026		65,928
Total Interest-Bearing Deposits		105,314		106,851		106,796		105,215		115,556		424,176		484,673
Non-Deposit Funding
FHLB advances		4,347		4,863		3,508		1,362		2,393		14,080		16,581
Other borrowings		169		2,328		2,499		2,350		3,346		7,346		14,313
Subordinated deferrable interest debentures		2,926		3,040		3,022		3,012		3,247		12,000		13,527
Total Non-Deposit Funding		7,442		10,231		9,029		6,724		8,986		33,426		44,421
Total Interest-Bearing Funding	$	112,756	$	117,082	$	115,825	$	111,939	$	124,542	$	457,602	$	529,094
Net Interest Income (TE)	$	246,287	$	238,917	$	232,741	$	222,767	$	222,773	$	940,712	$	853,020

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Yields^(1)	Table 8
	Three Months Ended										Twelve Months Ended
	Dec		Sep		Jun		Mar		Dec		Dec		Dec
	2025		2025		2025		2025		2024		2025		2024
Earning Assets
Interest-bearing deposits in banks	4.00	%	4.48	%	4.52	%	4.46	%	4.98	%	4.37	%	5.37	%
Debt securities - taxable	4.06	%	4.04	%	3.92	%	3.75	%	3.60	%	3.95	%	3.64	%
Debt securities - nontaxable (TE)	4.69	%	3.84	%	4.11	%	4.08	%	4.09	%	4.18	%	4.09	%
Loans held for sale	5.87	%	6.31	%	6.35	%	6.49	%	5.92	%	6.24	%	6.31	%
Loans (TE)	5.84	%	5.87	%	5.85	%	5.82	%	5.87	%	5.85	%	5.95	%
Total Earning Assets	5.61	%	5.66	%	5.64	%	5.61	%	5.67	%	5.63	%	5.77	%
Interest-Bearing Deposits
NOW accounts	1.81	%	1.85	%	1.85	%	1.86	%	1.95	%	1.84	%	2.12	%
MMDA	2.83	%	3.11	%	3.10	%	3.07	%	3.31	%	3.02	%	3.61	%
Savings accounts	0.39	%	0.43	%	0.43	%	0.44	%	0.44	%	0.42	%	0.49	%
Retail CDs	3.51	%	3.60	%	3.66	%	3.87	%	4.12	%	3.66	%	4.21	%
Brokered CDs	4.15	%	4.41	%	4.38	%	4.45	%	4.83	%	4.34	%	5.17	%
Total Interest-Bearing Deposits	2.66	%	2.82	%	2.83	%	2.83	%	3.06	%	2.78	%	3.29	%
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	—	%	—	%	—	%	—	%	—	%	—	%	—	%
FHLB advances	4.07	%	4.35	%	4.32	%	3.69	%	4.43	%	4.18	%	4.95	%
Other borrowings	6.76	%	5.43	%	5.18	%	4.93	%	4.75	%	5.20	%	4.80	%
Subordinated deferrable interest debentures	8.66	%	9.03	%	9.11	%	9.22	%	9.78	%	9.00	%	10.30	%
Total Non-Deposit Funding	5.20	%	5.44	%	5.55	%	5.73	%	5.70	%	5.47	%	5.81	%
Total Interest-Bearing Liabilities	2.74	%	2.94	%	2.94	%	2.92	%	3.16	%	2.88	%	3.42	%
Net Interest Spread	2.87	%	2.72	%	2.70	%	2.69	%	2.51	%	2.75	%	2.35	%
Net Interest Margin^(2)	3.85	%	3.80	%	3.77	%	3.73	%	3.64	%	3.79	%	3.56	%
Total Cost of Funds^(3)	1.95	%	2.05	%	2.06	%	2.06	%	2.22	%	2.03	%	2.40	%
(1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%.
(2) Rate calculated based on average earning assets.
(3) Rate calculated based on total average funding including noninterest-bearing deposits.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations
Adjusted Net Income	Table 9A
	Three Months Ended															Twelve Months Ended
	Dec			Sep			Jun			Mar			Dec			Dec			Dec
(dollars in thousands except per share data)		2025			2025			2025			2025			2024			2025			2024
Net income available to common shareholders	$	108,356		$	106,029		$	109,834		$	87,935		$	94,376		$	412,154		$	358,685
Adjustment items:
Loss (gain) on sale of MSR		1,127			(125	)		(356	)		14			(536	)		660			(10,494	)
Gain on conversion of Visa Class B-1 stock		—			—			—			—			—			—			(12,554	)
Servicing right impairment		910			—			—			—			—			910			—
Gain on BOLI proceeds		(220	)		(390	)		—			(11	)		—			(621	)		(1,464	)
FDIC special assessment		(1,136	)		(318	)		(138	)		138			(559	)		(1,454	)		1,455
Natural disaster expenses		—			—			—			—			400			—			550
Loss on bank premises		—			—			—			—			1,203			—			1,203
Tax effect of adjustment items (Note 1)		(189	)		93			104			(32	)		(107	)		(24	)		4,166
After tax adjustment items		492			(740	)		(390	)		109			401			(529	)		(17,138	)
Tax expense attributable to BOLI restructuring		—			—			—			—			301			—			5,093
Adjusted net income	$	108,848		$	105,289		$	109,444		$	88,044		$	95,078		$	411,625		$	346,640
Weighted average number of shares - diluted		68,328,365			68,665,669			68,796,577			69,030,331			69,128,946			68,705,914			69,061,832
Net income per diluted share	$	1.59		$	1.54		$	1.60		$	1.27		$	1.37		$	6.00		$	5.19
Adjusted net income per diluted share	$	1.59		$	1.53		$	1.59		$	1.28		$	1.38		$	5.99		$	5.02
Average assets	$	27,394,953		$	26,972,134		$	26,757,322		$	26,229,423		$	26,444,894		$	26,842,018		$	26,036,681
Return on average assets		1.57	%		1.56	%		1.65	%		1.36	%		1.42	%		1.54	%		1.38	%
Adjusted return on average assets		1.58	%		1.55	%		1.64	%		1.36	%		1.43	%		1.53	%		1.33	%
Average common equity	$	4,044,338		$	3,964,207		$	3,865,031		$	3,798,149		$	3,719,888		$	3,918,733		$	3,583,390
Average tangible common equity	$	2,971,985		$	2,887,961		$	2,784,819		$	2,713,847		$	2,631,452		$	2,840,493		$	2,488,588
Return on average common equity		10.63	%		10.61	%		11.40	%		9.39	%		10.09	%		10.52	%		10.01	%
Return on average tangible common equity		14.46	%		14.57	%		15.82	%		13.14	%		14.27	%		14.51	%		14.41	%
Adjusted return on average tangible common equity		14.53	%		14.46	%		15.76	%		13.16	%		14.37	%		14.49	%		13.93	%
Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Adjusted Efficiency Ratio (TE)	Table 9B
	Three Months Ended															Twelve Months Ended
	Dec			Sep			Jun			Mar			Dec			Dec			Dec
(dollars in thousands)		2025			2025			2025			2025			2024			2025			2024
Adjusted Noninterest Expense
Total noninterest expense	$	143,090		$	154,566		$	155,260		$	151,034		$	151,949		$	603,950		$	607,794
Adjustment items:
FDIC special assessment		1,136			318			138			(138	)		559			1,454			(1,455	)
Natural disaster expenses		—			—			—			—			(400	)		—			(550	)
Loss on bank premises		—			—			—			—			(1,203	)		—			(1,203	)
Adjusted noninterest expense	$	144,226		$	154,884		$	155,398		$	150,896		$	150,905		$	605,404		$	604,586
Total Revenue
Net interest income	$	245,307		$	237,964		$	231,813		$	221,839		$	221,821		$	936,923		$	849,190
Noninterest income		61,827			76,274			68,911			64,023			68,959			271,035			293,257
Total revenue	$	307,134		$	314,238		$	300,724		$	285,862		$	290,780		$	1,207,958		$	1,142,447
Adjusted Total Revenue
Net interest income (TE)	$	246,287		$	238,917		$	232,741		$	222,767		$	222,773		$	940,712		$	853,020
Noninterest income		61,827			76,274			68,911			64,023			68,959			271,035			293,257
Total revenue (TE)		308,114			315,191			301,652			286,790			291,732			1,211,747			1,146,277
Adjustment items:
(Gain)/loss on securities		(12	)		(1,581	)		—			(40	)		16			(1,633	)		(12,304	)
(Gain)/loss on sale of MSR		1,127			(125	)		(356	)		14			(536	)		660			(10,494	)
Gain on BOLI proceeds		(220	)		(390	)		—			(11	)		—			(621	)		(1,464	)
Servicing right impairment		910			—			—			—			—			910			—
Adjusted total revenue (TE)	$	309,919		$	313,095		$	301,296		$	286,753		$	291,212		$	1,211,063		$	1,122,015
Efficiency ratio		46.59	%		49.19	%		51.63	%		52.83	%		52.26	%		50.00	%		53.20	%
Adjusted efficiency ratio (TE)		46.54	%		49.47	%		51.58	%		52.62	%		51.82	%		49.99	%		53.88	%
Tangible Book Value Per Share	Table 9C
	Three Months Ended															Twelve Months Ended
	Dec			Sep			Jun			Mar			Dec			Dec			Dec
(dollars in thousands except per share data)		2025			2025			2025			2025			2024			2025			2024
Total shareholders' equity	$	4,076,028		$	4,016,701		$	3,917,678		$	3,823,802		$	3,751,522		$	4,076,028		$	3,751,522
Less:
Goodwill		1,015,646			1,015,646			1,015,646			1,015,646			1,015,646			1,015,646			1,015,646
Other intangibles, net		54,824			58,703			62,582			66,658			70,761			54,824			70,761
Total tangible shareholders' equity	$	3,005,558		$	2,942,352		$	2,839,450		$	2,741,498		$	2,665,115		$	3,005,558		$	2,665,115
Period end number of shares		68,022,316			68,587,742			68,711,043			68,910,924			69,068,609			68,022,316			69,068,609
Book value per share (period end)	$	59.92		$	58.56		$	57.02		$	55.49		$	54.32		$	59.92		$	54.32
Tangible book value per share (period end)	$	44.18		$	42.90		$	41.32		$	39.78		$	38.59		$	44.18		$	38.59

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Tangible Common Equity to Tangible Assets	Table 9D
	Dec			Sep			Jun			Mar			Dec
(dollars in thousands except per share data)		2025			2025			2025			2025			2024
Total shareholders' equity	$	4,076,028		$	4,016,701		$	3,917,678		$	3,823,802		$	3,751,522
Less:
Goodwill		1,015,646			1,015,646			1,015,646			1,015,646			1,015,646
Other intangibles, net		54,824			58,703			62,582			66,658			70,761
Total tangible shareholders' equity	$	3,005,558		$	2,942,352		$	2,839,450		$	2,741,498		$	2,665,115
Total assets	$	27,515,879		$	27,099,829		$	26,680,153		$	26,514,940		$	26,262,050
Less:
Goodwill		1,015,646			1,015,646			1,015,646			1,015,646			1,015,646
Other intangibles, net		54,824			58,703			62,582			66,658			70,761
Total tangible assets	$	26,445,409		$	26,025,480		$	25,601,925		$	25,432,636		$	25,175,643
Equity to Assets		14.81	%		14.82	%		14.68	%		14.42	%		14.28	%
Tangible Common Equity to Tangible Assets		11.37	%		11.31	%		11.09	%		10.78	%		10.59	%

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting	Table 10
	Three Months Ended													Twelve Months Ended
	Dec			Sep		Jun		Mar			Dec			Dec		Dec
(dollars in thousands)		2025			2025		2025		2025			2024			2025		2024
Retail Mortgage Division
Net interest income	$	19,312		$	20,179	$	22,031	$	21,844		$	23,714		$	83,366	$	94,296
Provision for credit losses		(3,142	)		529		1,010		5,191			(2,503	)		3,588		(2,799	)
Noninterest income		30,056			40,081		37,726		34,729			36,623			142,592		167,031
Noninterest expense
Salaries and employee benefits		21,413			21,589		24,358		20,995			22,876			88,355		92,436
Occupancy and equipment expenses		754			760		811		829			951			3,154		3,965
Data processing and telecommunications expenses		1,315			1,232		1,391		1,297			1,222			5,235		5,048
Other noninterest expenses		11,547			12,480		12,496		11,963			12,118			48,486		50,209
Total noninterest expense		35,029			36,061		39,056		35,084			37,167			145,230		151,658
Income before income tax expense		17,481			23,670		19,691		16,298			25,673			77,140		112,468
Income tax expense		3,671			4,970		4,135		3,423			5,391			16,199		23,618
Net income	$	13,810		$	18,700	$	15,556	$	12,875		$	20,282		$	60,941	$	88,850
Warehouse Lending Division
Net interest income	$	7,430		$	7,474	$	7,091	$	5,902		$	6,640		$	27,897	$	26,772
Provision for credit losses		129			23		369		(175	)		(59	)		346		275
Noninterest income		736			756		1,893		554			676			3,939		4,209
Noninterest expense
Salaries and employee benefits		556			566		618		552			583			2,292		3,216
Occupancy and equipment expenses		7			7		7		7			6			28		26
Data processing and telecommunications expenses		54			57		59		38			44			208		160
Other noninterest expenses		195			195		96		270			224			756		976
Total noninterest expense		812			825		780		867			857			3,284		4,378
Income before income tax expense		7,225			7,382		7,835		5,764			6,518			28,206		26,328
Income tax expense		1,517			1,550		1,646		1,210			1,369			5,923		5,529
Net income	$	5,708		$	5,832	$	6,189	$	4,554		$	5,149		$	22,283	$	20,799
Premium Finance Division
Net interest income	$	11,802		$	12,251	$	11,190	$	9,880		$	10,390		$	45,123	$	36,405
Provision for credit losses		926			461		716		456			517			2,559		883
Noninterest income		17			18		17		16			13			68		45
Noninterest expense
Salaries and employee benefits		2,446			2,492		2,331		2,352			2,029			9,621		8,194
Occupancy and equipment expenses		37			39		36		37			51			149		225
Data processing and telecommunications expenses		106			101		91		129			106			427		370
Other noninterest expenses		1,240			1,075		1,115		969			1,173			4,399		4,436
Total noninterest expense		3,829			3,707		3,573		3,487			3,359			14,596		13,225
Income before income tax expense		7,064			8,101		6,918		5,953			6,527			28,036		22,342
Income tax expense		1,450			1,669		1,410		1,214			1,334			5,743		4,525
Net income	$	5,614		$	6,432	$	5,508	$	4,739		$	5,193		$	22,293	$	17,817

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting (continued)	Table 10
	Three Months Ended										Twelve Months Ended
	Dec		Sep		Jun		Mar		Dec		Dec		Dec
(dollars in thousands)		2025		2025		2025		2025		2024		2025		2024
Banking Division
Net interest income	$	206,763	$	198,060	$	191,501	$	184,213	$	181,077	$	780,537	$	691,717
Provision for credit losses		25,037		21,617		677		16,420		14,853		63,751		60,434
Noninterest income		31,018		35,419		29,275		28,724		31,647		124,436		121,972
Noninterest expense
Salaries and employee benefits		57,582		66,301		62,001		62,716		62,322		248,600		243,795
Occupancy and equipment expenses		10,523		10,718		10,547		9,804		10,616		41,592		44,568
Data processing and telecommunications expenses		14,761		14,668		13,825		13,391		13,259		56,645		54,121
Other noninterest expenses		20,554		22,286		25,478		25,685		24,369		94,003		96,049
Total noninterest expense		103,420		113,973		111,851		111,596		110,566		440,840		438,533
Income before income tax expense		109,324		97,889		108,248		84,921		87,305		400,382		314,722
Income tax expense		26,100		22,824		25,667		19,154		23,553		93,745		83,503
Net income	$	83,224	$	75,065	$	82,581	$	65,767	$	63,752	$	306,637	$	231,219
Total Consolidated
Net interest income	$	245,307	$	237,964	$	231,813	$	221,839	$	221,821	$	936,923	$	849,190
Provision for credit losses		22,950		22,630		2,772		21,892		12,808		70,244		58,793
Noninterest income		61,827		76,274		68,911		64,023		68,959		271,035		293,257
Noninterest expense
Salaries and employee benefits		81,997		90,948		89,308		86,615		87,810		348,868		347,641
Occupancy and equipment expenses		11,321		11,524		11,401		10,677		11,624		44,923		48,784
Data processing and telecommunications expenses		16,236		16,058		15,366		14,855		14,631		62,515		59,699
Other noninterest expenses		33,536		36,036		39,185		38,887		37,884		147,644		151,670
Total noninterest expense		143,090		154,566		155,260		151,034		151,949		603,950		607,794
Income before income tax expense		141,094		137,042		142,692		112,936		126,023		533,764		475,860
Income tax expense		32,738		31,013		32,858		25,001		31,647		121,610		117,175
Net income	$	108,356	$	106,029	$	109,834	$	87,935	$	94,376	$	412,154	$	358,685

Category: Earnings