Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q1 2026 Earnings Presentation
28 slides from Ameris Bancorp's earnings presentation, Apr 24, 2026
Slide 1: 1st Quarter 2026 Results Investor Presentation
1st Quarter 2026 Results Investor Presentation
Slide 2: Cautionary Statements
Cautionary Statements 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,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “
Slide 3: Ameris Profile
Ameris Profile Investment Rationale • Top of peer financial results with culture of discipline – credit, liquidity, expense control, capital • Diversified and granular loan portfolio among geographies and product lines • Stable deposit base with 29.8% noninterest-bearing deposits • Experienced execu
Slide 4: Southeast Scarcity Value
Southeast Scarcity Value Top Southeast Market Share • Scarcity value in strong Southeast markets projected to grow faster than the national average(1) • #1 deposit market share in Atlanta for banks under $50 billion in assets • #2 deposit market share in Jacksonville for banks under $50 billion in a
Slide 5: Why Ameris?
Why Ameris? Leading Industry Performance 29.8% 1.62% 14.7% NIB Deposits ROA ROTCE(1) 3.88% 22% 50.0% Net Interest Fees to Efficiency Ratio Margin Revenue 1.62% 13.0% 11.2% Allowance for CET1 Ratio(2) TCE/TA Ratio(1) Credit Losses 12% 1.9x Disciplined and 5-yr TBV(1) National Growth Focused Mgmt CAGR
Slide 6: Delivering Shareholder Value
Delivering Shareholder Value Tangible Book Value Growth • Management remains laser focused on growing shareholder value • Over the past five years, TBV(1) has grown by 12% annualized • TBV grew 5.6% annualized in the first quarter of 2026 (or 10.0% annualized excluding impact from share repurchases)
Slide 7: History of Consistent Performance
History of Consistent Performance 5 Year Performance Metrics 2021-2025 (5 Year) (1) 2021 2022 2023 2024 2025 Average 1Q26 ROA 1.73% 1.47% 1.06% 1.38% 1.54% 1.43% 1.62% ROTCE(2) 20.6% 17.8% 12.2% 14.4% 14.5% 15.9% 14.7% Net Interest Margin 3.32% 3.76% 3.61% 3.56% 3.79% 3.61% 3.88% Net Interest Income
Slide 8: 1Q 2026 Operating Highlights
1Q 2026 Operating Highlights • Net income of $110.5 million, or $1.63 per diluted share • Return on average assets ("ROA") of 1.62% • Return on average tangible common equity(1) of 14.75% • Revenue growth of 9.5% annualized in the first quarter • Net interest margin (TE) expansion of 3bps to 3.88% f
Slide 9: Financial Highlights
Financial Highlights (dollars in thousands, except per share data) Quarter to Date Results 1Q26 4Q25 Change 1Q25 Change Net Income $110,492 $108,356 2% $ 87,935 26% Adjusted Net Income (1) $110,492 $108,848 2% $ 88,044 25% Net Income Per Diluted Share $ 1.63 $ 1.59 3% $ 1.27 28% (1) Adjusted Net Inc
Slide 10: Strong Net Interest Margin
Strong Net Interest Margin $250.0 4.00% Spread Income and Margin Net Interest Income (TE) (in millions) $246.3 3.95% $240.0 $245.4 • Net interest margin improved 3 bps to 3.88% 3.90% in the first quarter of 2026 $238.9 $230.0 3.88% 3.85% $232.7 3.85% • Average earning assets increased 4.2% 3.80% ann
Slide 11: Diversified Revenue Stream
Diversified Revenue Stream Revenue Sources (Tax-Equivalent) (in millions) Strong Revenue Stream $286.8 $301.7 $315.2 $308.1 $315.3 100% • Strong revenue base of net interest income 10% 10% 11% 10% 10% from core banking division and lines of 90% 12% 13% 13% 10% 12% business 80% 70% • Additional nonin
Slide 12: Disciplined Expense Control
Disciplined Expense Control Noninterest Expense and Efficiency Ratio Expense Highlights 180.0 Noninterest Expenses • Management continues to deliver high 160.0 (in millions) performing operating efficiency $43.4 $40.7 140.0 $39.4 $40.6 • Positive operating leverage allowed revenue $39.7 to increase
Slide 13: Granular Core Deposit Base
Granular Core Deposit Base Deposits by Product Type Deposits by Customer 1Q26 Deposit Balance Average per Brokered % of Total Count 6% Type (in 000s) account Public NIB $ 6,748,976 29.8% 315,481 $ 21,393 16% Consumer NOW 4,298,214 19.0% 41,365 103,909 34% Checking (NIB/NOW) 11,047,190 48.8% 356,846
Slide 14: Capital Strength
Capital Strength Strong Capital Base Capital Highlights • TCE ratio of 11.2% and CET1 ratio of 13.0% are strong and above peer levels • Minimal impact from unrealized gains/losses, as the AFS bond portfolio has unrealized gains of 15.6% 15.4% 15.1% 15.0% 14.8% $1.1 million • Earnings expected to add
Slide 15: Loan Diversification and Credit Quality
Loan Diversification and Credit Quality
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio 1Q26 Loan Portfolio Portfolio Highlights Agriculture 1% • Loan portfolio is well diversified across loan types and geographies and managed by a seasoned credit staff SFR Mortgage • Asset quality metrics remain stable 18% HELOC C&I 2% 27% • CRE and C&D concentrations were 2
Slide 17: Loan Balance Changes
Loan Balance Changes (in millions) 1Q26 Loan Balance Changes $300 $249 $250 $200 $150 $95 $100 $50 $28 $16 $13 $- $(50) $(27) $(60) $(100) C&I Construction Multi-Family OO CRE Investor CRE Other RE - RES Growth Highlights • Loan balances increased $314 million, or 5.9% annualized, during 1Q26 • 1Q26
Slide 18: Allowance for Credit Losses
Allowance for Credit Losses (in millions) 1Q26 CECL Reserve $425 2.00% $400 $375 1.80% $350 1.67% 1.63% 1.62% 1.62% 1.62% 1.62% 1.60% 1.60% $325 1.55% 1.60% $300 $275 1.40% $250 $225 $200 1.20% $175 $150 1.00% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 ACL - Loans ACL - Unfunded Commitments ACL on
Slide 19: NPA / Charge-Off Trend
NPA / Charge-Off Trend Non-Performing Assets 0.50% 0.45% 0.45% 0.44% 0.44% 0.40% 0.40% 0.36% 0.38% 0.35% 0.35% 0.33% 0.33% 0.30% 0.32% 0.25% 1Q25 2Q25 3Q25 4Q25 1Q26 NPA / Total Assets NPA x GNMA / Total Assets ($ in millions) Net Charge-Offs 0.30% $16.0 Credit Summary 0.26% $14.0 0.25% 0.21% • The
Slide 20: Problem Loan Trends
Problem Loan Trends (in millions) $250 1.09% 0.99% 0.89% $200 0.85% 0.85% 0.73% 0.67% 0.68% 0.67% 0.67% $150 0.49% 0.43% 0.41% $100 0.40% 0.41% $50 $0 1Q25 2Q25 3Q25 4Q25 1Q26 Criticized Loans Classified Loans Nonperforming Loans Note: Criticized, Classified and Nonperforming loan totals exclude GNM
Slide 21: Term Investor CRE
Term Investor CRE Multi 10% Investor CRE by Property Type Investor CRE Investor All Other CRE Hotel CRE 24% Outstanding $7.39 B $424 $396 Unfunded $0.21 B Total Committed Exposure $7.6 B Warehouse / Multi-Family Industrial $2,097 Average Loan Size $4.4 M $1,045 Allowance Coverage 1.44% 30-89 DPD Rat
Slide 22: Office Portfolio
Office Portfolio Total Office Portfolio by Loan Type Construction $118 Investor Office Outstanding $1.35 B Owner- Unfunded $0.08 B Occupied $482 Total Committed Exposure $1.43 B Average Loan Size $3.7 M Allowance Coverage 3.16% Investor CRE 30-89 DPD Ratio 0.00% $1,231 NPL Ratio 0.02% Criticized Rat
Slide 23: Appendix
Appendix AMERIS BANCORP
Slide 24: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) Quarter to Date 1Q26 4Q25 1Q25 Net Income $ 110,492 $ 108,356 $ 87,935 Adjustment items Loss on sale of MSR - 1,127 14 Servicing right impairment - 910 - Gain on BOLI proceeds - (220) (11) FDIC special assessment - (1,136) 138 Tax ef
Slide 25: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date (dollars in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 Adjusted Noninterest Expense Total noninterest expense $ 157,080 $ 143,090 $ 154,566 $ 155,260 $ 151,034 Adjustment items: FDIC special assessment - 1,136 318 138 (138) Adjusted noninterest ex
Slide 26: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date (dollars in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 Total shareholders' equity $ 4,082,127 $ 4,076,028 $ 4,016,701 $ 3,917,678 $ 3,823,802 Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 51,430 54,824 58,
Slide 27: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Return on Tangible Common Equity Net Income $ 376,913 $ 346,540 $ 269,105 $ 358,685 $ 412,154 Average common equity 2,827,669 3,083,081 3,313,361 3,583,390 3,918,733 Average tangible common equity 1,826,433 1
Slide 28: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures As of (dollars in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 3Q23 Total shareholders' equity $ 4,082,127 $ 4,076,028 $ 4,016,701 $ 3,917,678 $ 3,823,802 $ 3,751,522 $ 3,681,368 $ 3,566,614 $ 3,484,738 $ 3,426,747 $ 3,347,069 Less: Goodwil