Slide 1: 3rd Quarter 2025 Results
3rd Quarter 2025 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 30.4% 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 30.4% 1.56% 14.6% NIB Deposits ROA ROTCE(1) 3.80% 24% 49.2% Net Interest Fees to Efficiency Ratio Margin Revenue 1.62% 13.2% 11.3% Allowance for CET1 Ratio(2) TCE/TA Ratio(1) Credit Losses 14% 1.7x 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 year, TBV(1) has grown by 14% annualized • TBV(1) increased $1.58 per share in 3Q25: • $1.35 from retained earnings • $0.18 from impact of AOCI • $0.05 from al
Slide 7: History of Consistent Performance
History of Consistent Performance 5 Year Performance Metrics 2020 – 2024 (5 Year) YTD 2020 2021 2022 2023 2024 Average 3Q25 ROA 1.36% 1.73% 1.47% 1.06% 1.38% 1.40% 1.52% ROTCE(2) 17.2% 20.6% 17.8% 12.2% 14.4% 16.5% 14.5% Net Interest Margin 3.70% 3.32% 3.76% 3.61% 3.56% 3.59% 3.77% Net Interest Inco
Slide 8: 3Q 2025 Operating Highlights
3Q 2025 Operating Highlights • Net income of $106.0 million, or $1.54 per diluted share • Return on average assets ("ROA") of 1.56% • Return on average tangible common equity (1) ("ROTCE") of 14.57% • Tangible book value(1) growth of $1.58 per share, or 15.2% annualized, to $42.90 at September 30, 2
Slide 9: 3Q 2025 Financial Highlights
3Q 2025 Financial Highlights (dollars in thousands, except per share data) Quarter to Date Results Year To Date Results 3Q25 2Q25 Change 3Q24 Change 2025 2024 Change Net Income $106,029 $109,834 -3% $ 99,212 7% $ 303,798 $ 264,309 15% Adjusted Net Income(1) $105,289 $109,444 -4% $ 95,187 11% $ 302,7
Slide 10: Strong Net Interest Margin
Strong Net Interest Margin $240.0 4.50% Net Interest Income (TE) $238.9 Spread Income and Margin (in millions) $230.0 $232.7 • Net interest margin improved 3bps to 3.80% in the third quarter of 2025 4.00% $220.0 $222.8 $222.8 • Net interest income (TE) grew by $6.2 million in $215.0 3.77% 3.80% 3Q25
Slide 11: Diversified Revenue Stream
Diversified Revenue Stream Revenue Sources (Tax-Equivalent) (in millions) Strong Revenue Stream 120% • Strong revenue base of net interest income $315.2 from core banking division and lines of $301.7 business $284.7 $291.7 $286.8 100% • Additional noninterest revenue provided by 11% 11% 10% 10% 11%
Slide 12: Disciplined Expense Control
Disciplined Expense Control Noninterest Expense and Efficiency Ratio Expense Highlights 180.0 Noninterest Expense • Management continues to deliver high 160.0 (in millions) performing operating efficiency $41.9 $41.4 $43.4 $40.6 140.0 $39.4 • Efficiency ratio of 49.19% in 3Q25 120.0 $114.0 • 244bps
Slide 13: Granular Core Deposit Base
Granular Core Deposit Base Deposits by Product Type Deposits by Customer 3Q25 Brokered Deposit Balance Average per 5% % of Total Count Type (in 000s) account Public NIB $ 6,757,233 30.4% 312,699 $ 21,609 15% NOW 4,097,039 18.4% 41,981 97,593 Consumer 34% Total Checking (NIB/NOW) 10,854,272 48.8% 354
Slide 14: Capital Strength
Capital Strength Strong Capital Base Capital Highlights • The Company remains well capitalized 15.4% 15.6% 15.4% 15.1% 15.4% • Minimal impact from unrealized gains/losses, as the bond portfolio has unrealized gains of $9.9 million 12.7% 12.9% 13.0% 13.2% 12.2% • TCE ratio of 11.3% and CET1 ratio of
Slide 15: Loan Diversification and Credit Quality
Loan Diversification and Credit Quality
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio 3Q25 Loan Portfolio Agriculture Portfolio Highlights 1% • Loan portfolio is well diversified across loan types and geographies and managed by a seasoned credit staff SFR Mortgage • Portfolio is spread across over 157,000 19% loans with an average size of ~$135,000 C&I 26%
Slide 17: Loan Balance Changes
Loan Balance Changes (in millions) 3Q25 Loan Balance Changes $200 $159 $156 $150 $100 $68 $50 $6 $- $(50) $(48) $(50) $(75) $(100) C&I (1) Investor CRE Multi-Family Other OO CRE RE - RES Construction • Loan balances increased $217 million, or 4.1% annualized, during 3Q25 • Increase in Investor CRE a
Slide 18: Allowance for Credit Losses
Allowance for Credit Losses (in millions) 3Q25 CECL Reserve $400 2.00% $375 1.80% 1.67% 1.63% 1.62% 1.62% $350 1.60% 1.60% 1.55% 1.60% 1.52% $325 1.44% 1.40% $300 1.20% $275 $250 1.00% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 ACL - Loans ACL - Unfunded Commitments ACL - Loans / Total Loans (doll
Slide 19: NPA / Charge-Off Trend
NPA / Charge-Off Trend 0.50% Non-Performing Assets 0.47% 0.44% 0.45% 0.44% 0.40% 0.40% 0.41% 0.42% 0.36% 0.38% 0.35% 0.33% 0.32% 0.30% 0.25% 3Q24 4Q24 1Q25 2Q25 3Q25 NPA / Total Assets NPA x GNMA / Total Assets ($ in millions) Net Charge-Offs 0.25% $14.0 Credit Summary $12.0 0.20% 0.17% 0.18% • Gove
Slide 20: Problem Loan Trends
Problem Loan Trends (in millions) $350 $300 1.34% 1.30% $250 1.09% 0.99% $200 0.85% 0.74% 0.77% 0.73% 0.68% 0.67% $150 0.52% 0.49% 0.47% $100 0.40% 0.41% $50 $0 3Q24 4Q24 1Q25 2Q25 3Q25 Criticized Loans Classified Loans Nonperforming Loans Note: Criticized, Classified and Nonperforming loan totals e
Slide 21: Term Investor CRE
Term Investor CRE Investor CRE by Property Type Investor CRE All Other Hotel CRE Outstanding $7.19 B $416 $548 Unfunded $0.21 B Multi-Family Total Committed Exposure $7.4 B $2,033 Warehouse / Industrial Average Loan Size $4.16 M $940 Allowance Coverage 1.49% PD Ratio 0.09% Retail - Non Anchored NPL
Slide 22: Office Portfolio
Office Portfolio Total Office Portfolio by Loan Type Construction Investor Office $129.7 Outstanding $1.38 B Unfunded $0.11 B Owner- Occupied Total Committed Exposure $1.49 B $458.6 Average Loan Size $3.71 M Allowance Coverage 3.82% Investor CRE PD Ratio 0.02% $1,254.2 NPL Ratio 0.00% 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 Year to Date 3Q25 2Q25 3Q24 2025 2024 Net Income $ 106,029 $ 109,834 $ 99,212 $ 303,798 $ 264,309 Adjustment items Gain on sale of MSR (125) (356) (5,245) (467) (9,958) Gain on conversion of Visa Class B-1 stock - - -
Slide 25: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date Year to Date (dollars in thousands) 3Q25 2Q25 1Q25 4Q24 3Q24 2025 2024 Adjusted Noninterest Expense Total noninterest expense $ 154,566 $ 155,260 $ 151,034 $ 151,949 $ 151,777 $ 460,860 $ 455,845 Adjustment items: FDIC special assessment 31
Slide 26: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date (dollars in thousands) 3Q25 2Q25 1Q25 4Q24 3Q24 Total shareholders' equity $ 4,016,701 $ 3,917,678 $ 3,823,802 $ 3,751,522 $ 3,681,368 Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 58,703 62,582 66,
Slide 27: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2020 2021 2022 2023 2024 Return on Tangible Common Equity Net Income $ 261,988 $ 376,913 $ 346,540 $ 269,105 $ 358,685 Average common equity 2,531,419 2,827,669 3,083,081 3,313,361 3,583,390 Average tangible common equity 1,520,303 1
Slide 28: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures As of (dollars in thousands) 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 Total shareholders' equity $ 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 $ 3,284,630 $ 3,253,195 Less: Goodwil