Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q4 2025 Earnings Presentation
29 slides from Ameris Bancorp's earnings presentation, Jan 30, 2026
Slide 1: 4th Quarter 2025 Results
4th 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 28.7% 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 28.7% 1.57% 14.5% NIB Deposits ROA ROTCE(1) 3.85% 20% 46.6% Net Interest Fees to Efficiency Ratio Margin Revenue 1.62% 13.2% 11.4% Allowance for CET1 Ratio(2) TCE/TA Ratio(1) Credit Losses 13% 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 13% annualized • TBV(1) increased $1.28 per share in 4Q25: • $1.38 from retained earnings • $0.04 from impact of AOCI • ($0.14) from
Slide 7: History of Consistent Performance
History of Consistent Performance 5 Year Performance Metrics 2021-2025 (5 Year) 2021 2022 2023 2024 2025 Average ROA 1.73% 1.47% 1.06% 1.38% 1.54% 1.43% (2) ROTCE 20.6% 17.8% 12.2% 14.4% 14.5% 15.9% Net Interest Margin 3.32% 3.76% 3.61% 3.56% 3.79% 3.61% (3) Net Interest Income Growth 2.8% 22.2% 4.2
Slide 8: 4Q 2025 Operating Highlights
4Q 2025 Operating Highlights • 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 of 46.59% • Net interest margin (TE) expansion of five bps to 3.85% for the fo
Slide 9: Full Year 2025 Operating Highlights
Full Year 2025 Operating Highlights • Net income of $412.2 million, or $6.00 per diluted share • ROA of 1.54% • Return on average tangible common equity(1) of 14.51% • 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
Slide 10: Financial Highlights
Financial Highlights (dollars in thousands, except per share data) Quarter to Date Results Year To Date Results 4Q25 3Q25 Change 4Q24 Change 2025 2024 Change Net Income $108,356 $106,029 2% $ 94,376 15% $ 412,154 $ 358,685 15% Adjusted Net Income(1) $108,848 $105,289 3% $ 95,078 14% $ 411,625 $ 346,
Slide 11: Strong Net Interest Margin
Strong Net Interest Margin $250.0 Net Interest Income (TE) 4.10% Spread Income and Margin (in millions) $246.3 $240.0 4.00% • Net interest margin improved 5 bps to 3.85% in $238.9 the fourth quarter of 2025 $230.0 $232.7 3.90% 3.85% 3.80% • Net interest income (TE) grew by $7.4 million in $220.0 $22
Slide 12: Diversified Revenue Stream
Diversified Revenue Stream Revenue Sources (Tax-Equivalent) (in millions) Strong Revenue Stream $291.7 $286.8 $301.7 $315.2 $308.1 100% 11% 10% 10% 11% 10% • Strong revenue base of net interest income 90% from core banking division and lines of 12% 10% 80% 13% 13% 13% business • Additional nonintere
Slide 13: 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 $41.4 $43.4 $40.6 140.0 $39.4 $39.7 120.0 • Efficiency ratio of 46.59% in 4Q25 $110.6 $111.6 $
Slide 14: Granular Core Deposit Base
Granular Core Deposit Base Deposits by Product Type Deposits by Customer 4Q25 Brokered Deposit Balance Average per 5% % of Total Count Type (in 000s) account Public NIB $ 6,426,145 28.7% 313,417 $ 20,503 19% Consumer 34% NOW 4,130,070 18.5% 41,769 98,879 Checking (NIB/NOW) 10,556,215 47.2% 355,186 2
Slide 15: Capital Strength
Capital Strength Strong Capital Base Capital Highlights • The Company remains well capitalized • TCE ratio of 11.4% and CET1 ratio of 15.1% 15.0% 13.2% are strong and above peer levels 15.4% 15.6% 15.4% • Minimal impact from unrealized gains/losses, as the bond portfolio has unrealized gains of $14.
Slide 16: Loan Diversification and Credit Quality
Loan Diversification and Credit Quality
Slide 17: Diversified Loan Portfolio
Diversified Loan Portfolio 4Q25 Loan Portfolio Portfolio Highlights Agriculture 1% • Loan portfolio is well diversified across loan types and geographies and managed by a seasoned credit staff • Portfolio is spread across over 158,000 SFR Mortgage 19% loans with an average size of ~$136,000 C&I HELO
Slide 18: Loan Balance Changes
Loan Balance Changes (in millions) 4Q25 Loan Balance Changes $100 $87 $87 $80 $75 $58 $60 $40 $24 $20 $- $(20) $(40) $(37) $(39) $(60) OO CRE Investor CRE Multi-Family Construction C&I (1) RE - RES Other Growth Highlights • Loan balances increased $255 million, or 4.8% annualized, during 4Q25 despit
Slide 19: Allowance for Credit Losses
Allowance for Credit Losses (in millions) 4Q25 CECL Reserve $400 2.00% $375 $350 1.80% 1.67% $325 1.63% 1.62% 1.62% 1.62% 1.60% 1.60% $300 1.55% 1.52% 1.60% $275 $250 1.40% $225 $200 1.20% $175 $150 1.00% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 ACL - Loans ACL - Unfunded Commitments ACL on Loan
Slide 20: NPA / Charge-Off Trend
NPA / Charge-Off Trend Quarterly Net Charge-Offs Non-Performing Assets 0.40% $16 0.50% 0.47% 0.35% $14 0.45% 0.44% 0.44% 0.30% $12 0.42% 0.40% 0.25% $10 0.40% 0.38% 0.26% 0.36% 0.20% $8 0.15% $6 0.35% 0.17% 0.18% 0.35% 0.14% 0.33% 0.10% 0.14% $4 0.32% 0.30% 0.05% $2 0.00% $0 0.25% 4Q24 1Q25 2Q25 3Q2
Slide 21: Problem Loan Trends
Problem Loan Trends (in millions) $300 1.30% $250 1.09% 0.99% $200 0.85% 0.85% 0.77% 0.73% 0.68% 0.67% 0.67% $150 0.52% 0.49% 0.43% $100 0.40% 0.41% $50 $0 4Q24 1Q25 2Q25 3Q25 4Q25 Criticized Loans Classified Loans Nonperforming Loans Note: Criticized, Classified and Nonperforming loan totals exclud
Slide 22: Term Investor CRE
Term Investor CRE Multi 9% Investor CRE by Property Type Investor CRE All Investor CRE Other 25% Hotel CRE Outstanding $7.35 B $407 $405 Unfunded $0.18 B Multi-Family Total Committed Exposure $7.53 B $2,069 Warehouse / Industrial Average Loan Size $4.34 M $1,040 Allowance Coverage 1.44% PD Ratio 0.0
Slide 23: Office Portfolio
Office Portfolio Total Office Portfolio by Loan Type Investor Office Construction $110.6 Outstanding $1.37 B Unfunded $0.09 B Owner- Occupied Total Committed Exposure $1.45 B $456.9 Average Loan Size $3.68 M Allowance Coverage 3.35% PD Ratio 0.00% Investor CRE NPL Ratio 0.00% $1,257.8 Criticized Rat
Slide 24: Appendix
Appendix AMERIS BANCORP
Slide 25: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) Quarter to Date Year to Date 4Q25 3Q25 4Q24 2025 2024 Net Income $ 108,356 $ 106,029 $ 94,376 $ 412,154 $ 358,685 Adjustment items Gain on sale of MSR 1,127 (125) (536) 660 (10,494) Gain on conversion of Visa Class B-1 stock - - - -
Slide 26: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date Year to Date (dollars in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 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,
Slide 27: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date (dollars in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 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,
Slide 28: 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 29: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures As of (dollars in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 Total shareholders' equity $ 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 $ 3,284,630 Less: Goodwil