Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q3 2026 Earnings Presentation
29 slides from Ameris Bancorp's earnings presentation, Oct 22, 2026
Slide 1: 3rd Quarter 2026 Results Investor Presentation
3rd Quarter 2026 Results Investor Presentation
Slide 2: Cautionary Statements
Cautionary Statements 1 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 Investment Rationale
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 29.2% noninterest-bearing deposits • Experienced execu
Slide 4: Southeast Scarcity Value
Southeast Scarcity Value 3 1 – Census data obtained from S&P Global Market Intelligence 2 – Historical and projected population change from S&P Capital and Claritas Grey areas represent MSAs in the top 25% of projected population growth where Ameris has branches. (2) Top Southeast Market Share • Sca
Slide 5: Why Ameris? Leading Industry Performance
49.3% Efficiency Ratio 2.0x National Growth Markets(3) 1.62% Allowance for Credit Losses 13.2% CET1 Ratio(2) 11% 5-yr TBV(1) CAGR 15.0% ROTCE(1) 20% Fees to Revenue Disciplined and Focused Mgmt Team 11.1% TCE/TA Ratio(1) 29.2% NIB Deposits 3.87% Net Interest Margin 1.61% ROA 1 – Considered Non-GAAP
Slide 6: Delivering Shareholder Value: Tangible Book Value Growth
27.46 26.26 26.84 27.89 28.62 29.92 30.79 31.42 32.38 33.64 34.52 35.79 37.51 38.59 39.78 41.32 42.90 44.18 44.79 45.10 45.65 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26
Slide 7: History of Consistent Performance
1 – 3Q26 growth percentages are compared to prior year period; net charge offs are annualized 2 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 3 – Regulatory capital ratios are estimated for most recent period end6 History of Consistent Performance 5 Yea
Slide 8: 3Q 2026 Operating Highlights
3Q 2026 Operating Highlights 7 • Net income of $116.1 million, or $1.73 per diluted share • Return on average assets of 1.61% • Return on average tangible common equity(1) of 15.01% • Efficiency ratio of 49.32% • Growth in average earning assets of $300.5 million, or 4.5% annualized • Loan growth of
Slide 9: Financial Highlights
Financial Highlights 8 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix (dollars in thousands, except per share data) 3Q26 2Q26 Change 3Q25 Change 2026 2025 Change Net Income $ 116,093 $ 51,446 126% $ 106,029 9% $ 278,031 $ 303,798 -8% Adjusted Net Incom
Slide 10: Strong Net Interest Margin
Strong Net Interest Margin 9 • Net interest margin of 3.87% in the third quarter of 2026 • Average earning assets increased 4.5% annualized • Net interest income (TE) improved $5.2 million in 3Q26 • Interest income (TE) increased $9.0 million • Interest expense increased only $3.8 million Spread Inc
Slide 11: Diversified Revenue Stream
Diversified Revenue Stream 10 • Strong revenue base of net interest income from core banking division and lines of business • Additional noninterest revenue provided by our diversified lines of business Noninterest Income • Noninterest income decreased $9.4 million in the third quarter • Gain on sec
Slide 12: Disciplined Expense Control
Disciplined Expense Control Noninterest Expense and Efficiency Ratio Expense Highlights 11 • Management continues to deliver high performing operating efficiency • Positive operating leverage from 2Q26 – Adjusted revenue increased $3.2 million, or 3.9% annualized – Adjusted expenses decreased $2.5 m
Slide 13: Granular Core Deposit Base
Granular Core Deposit Base 12 Deposits by Product Type • Total deposits increased $319.4 million, or 5.6% annualized • Non-brokered, non-public fund deposits increased $20.4 million • Seasonal inflows of public funds totaled $169.5 million • Brokered CDs increased $129.5 million, and represent only
Slide 14: Capital Strength
Capital Strength 13 • TCE ratio of 11.1% and CET1 ratio of 13.2% • Earnings expected to add between 25 - 35 basis points to capital each quarter assuming flat balance sheet • As of September 30, 2026, capital components included only common equity and approximately $135.8 million of trust preferred
Slide 15: Loan Diversification and Credit Quality
Loan Diversification and Credit Quality
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio 3Q26 Loan Portfolio 15 • Loan portfolio is well diversified across loan types and geographies and managed by a seasoned credit staff • Asset quality metrics remain stable • CRE concentration was 251%, compared with 261% at 2Q26 • C&D concentration was 50%, compared with 49
Slide 17: Loan Balance Changes
Loan Balance Changes 3Q26 Loan Balance Changes 16 • Loan balances increased $173.1 million, or 3.1% annualized during 3Q26 • 3Q26 production remained consistent at $2.3 billion, compared with $2.4 billion in 2Q26 and $2.1 billion in 3Q25 • C&I growth was spread among premium finance and traditional
Slide 18: Allowance for Credit Losses
Allowance for Credit Losses 17 • The ACL on loans totaled $362.3 million, or 1.62%, at 3Q26 • During 3Q26, the Company recorded provision expense of $12.6 million • The September economic forecasts used in the ACL model weighted the Consensus, Stagflation, and High Interest scenarios at 40%, 40%, an
Slide 19: Asset Quality Trends
Asset Quality Trends 18 • NPAs, excluding GNMA mortgages, remain low at 0.40% of total assets • Net charge-offs totaled $10.5 million, or 0.19% annualized, in 3Q26 • Over half of nonperforming loans at 3Q26 were residential mortgages which have had approximately one basis point of charge offs in 202
Slide 20: Term Investor CRE
Term Investor CRE • 30-89 days past due investor CRE loans were 0.02% and NPLs were 0.03% at 3Q26 • Reserve for term investor CRE is $110.2 million, or 1.56% • Investor CRE portfolio is well diversified with over 80% of CRE loans located in MSAs in Ameris’s footprint 19 Highlights (1) Results based
Slide 21: Office Portfolio
Office Portfolio • There were no 30-89 days past due investor office loans and NPLs were 0.10% at 3Q26 • Our reserve for investor office is $48.9 million, or 4.20% 20 Highlights (1) Results based on stabilized term loans, or 86% of term office loans Investor Office (dollars in Millions) Outstanding
Slide 22: Appendix
Appendix AMERIS BANCORP
Slide 23: Reconciliation Measures
22 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 3Q25 2026 2025 Net Income $ 116,093 $ 51,446 $ 106,029 $ 278,031 $ 303,798 Adjustment items Litigation accrual 1,675 82,503 - 84,178 - Gain on sale of MSR - - (125) - (467) Gain on securities (230) (7,392) (1,581) (7,622
Slide 24: Reconciliation Measures
23 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 2026 2025 Adjusted Noninterest Expense Total noninterest expense 158,748$ 242,714$ 157,080$ 143,090$ 154,566$ 558,542$ 460,860$ Adjustment items: Litigation accrual (1,675) (82,503) - - - (84,178) - FDIC s
Slide 25: Reconciliation Measures
24 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 Total shareholders' equity 4,124,255$ 4,090,577$ 4,082,127$ 4,076,028$ 4,016,701$ Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 45,373 48,317 51,430 54,824 58,703
Slide 26: Reconciliation Measures
25 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Total shareholders' equity 2,966,451$ 3,197,400$ 3,426,747$ 3,751,522$ 4,076,028$ Less: Goodwill 1,012,620 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 125,938 106,194 87,949 70,761 54,82
Slide 27: Reconciliation Measures
26 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Net Income $ 376,913 $ 346,540 $ 269,105 $ 358,685 $ 412,154 Adjustment items Merger and conversion charges 4,206 1,212 - - - (Gain) loss on sale of MSR - (1,356) - (10,494) 660 (Gain) loss on securities (
Slide 28: Reconciliation Measures
27 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 2021 2022 2023 2024 2025 Adjusted Noninterest Expense Total noninterest expense 560,124$ 560,655$ 578,281$ 607,794$ 603,950$ Adjustment items: Merger and conversion charges (4,206) (1,212) - - - FDIC special assessment - - (11,566
Slide 29: Reconciliation Measures
28 Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 Total shareholders' equity 4,124,255$ 4,090,577$ 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$ Less: Goodwill 1,015,646 1,