Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q2 2025 Earnings Presentation
27 slides from Ameris Bancorp's earnings presentation, Jul 29, 2025
Slide 1: 2nd Quarter 2025 Results
2nd 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 loan portfolio among geographies and product lines • Scarcity value in strong Southeast markets projected to grow faster than the national averag
Slide 4: Why Ameris?
Why Ameris? Leading Industry Performance 31.0% 1.65% 15.8% NIB Deposits ROA ROTCE(1) 3.77% 23% 51.6% Net Interest Fees to Efficiency Ratio Margin Revenue 1.62% 13.0% 11.1% Allowance for CET1 Ratio(2) TCE/TA Ratio(1) Credit Losses 15% 1.7x Disciplined and 5-yr TBV(1) National Growth Focused Mgmt CAGR
Slide 5: 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 15% annualized • TBV(1) increased $1.54 per share in 2Q25: • $1.40 from retained earnings • $0.10 from impact of AOCI • $0.04 from al
Slide 6: History of Consistent Performance
History of Consistent Performance 5 Year Performance Metrics 2020 – 2024 (5 Year) YTD 2020 2021 2022 2023 2024 Average 2Q25 ROA 1.36% 1.73% 1.47% 1.06% 1.38% 1.40% 1.51% 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% 3.75% Net Interest Inco
Slide 7: 2Q 2025 Operating Highlights
2Q 2025 Operating Highlights • Net income of $109.8 million, or $1.60 per diluted share • Return on average assets ("ROA") of 1.65% • Return on average tangible common equity (1) ("ROTCE") of 15.82% • Tangible book value(1) growth of $1.54 per share, or 15.5% annualized, to $41.32 at June 30, 2025 •
Slide 8: 2Q 2025 Financial Highlights
2Q 2025 Financial Highlights (dollars in thousands, except per share data) Quarter to Date Results Year To Date Results 2Q25 1Q25 Change 2Q24 Change 2025 2024 Change Net Income $109,834 $ 87,935 25% $ 90,785 21% $ 197,769 $ 165,097 20% Adjusted Net Income(1) $109,444 $ 88,044 24% $ 80,763 36% $ 197,
Slide 9: Strong Net Interest Margin
Strong Net Interest Margin $240.0 4.50% Net Interest Income (TE) Spread Income and Margin (in millions) $230.0 $232.7 • Net interest margin improved 4bps to 3.77% in the second quarter of 2025 4.00% $220.0 $222.8 $222.8 • Net interest income (TE) grew by $10.0 million $215.0 3.77% in 2Q25 $210.0 $21
Slide 10: Diversified Revenue Stream
Diversified Revenue Stream Revenue Sources (Tax-Equivalent) Strong Revenue Stream (in millions) • Strong revenue base of net interest income 120% from core banking division and lines of $291.7 business $301.6 $284.7 $286.8 $301.7 100% • Additional revenue provided by our 14% 11% 11% 10% 10% diversif
Slide 11: 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 $45.6 $41.9 $41.4 $43.4 140.0 $39.4 120.0 • Efficiency ratio of 51.63% in 2Q25 100.0 $109.8 $10
Slide 12: Strong Core Deposit Base
Strong Core Deposit Base Deposits by Product Type Deposits by Customer Deposit Balance Average per Brokered % of Total Count 2Q25 Type (in 000s) account 5% Public NIB $ 6,800,519 31.0% 311,427 $ 21,837 15% NOW 4,038,284 18.4% 42,435 95,164 Consumer 35% MMDA 6,847,686 31.2% 32,984 207,606 Savings 760
Slide 13: Capital Strength
Capital Strength Strong Capital Base Capital Highlights • The Company is well capitalized with minimal 15.6% 15.6% unrealized losses in the investment portfolio 15.4% 15.4% 14.9% • Repurchased 212,472 shares during the quarter for a total of $12.8 million; 12.7% 12.9% 13.0% 11.7% 12.2% approximately
Slide 14: Loan Diversification and Credit Quality
Loan Diversification and Credit Quality
Slide 15: Diversified Loan Portfolio
Diversified Loan Portfolio 2Q25 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 155,000 loans with an average size of ~$135,000 SFR Mortgage 20% C&I 26%
Slide 16: Loan Balance Changes
Loan Balance Changes (in millions) 2Q25 Loan Balance Changes $500 $415 $400 $300 $271 $200 $111 $100 $13 $- $(42) $(100) $(76) $(200) $(300) $(400) $(357) C&I (1) Multi-Family Investor CRE Other RE - RES OO CRE Construction • Loan balances increased $335 million, or 6.5% annualized, during 2Q25 • In
Slide 17: Allowance for Credit Losses
Allowance for Credit Losses (in millions) 2Q25 CECL Reserve $400 2.00% $375 $350 1.80% 1.67% $325 1.63% 1.62% 1.60% 1.60% $300 1.55% 1.60% 1.52% $275 1.44% $250 1.33% 1.40% $225 $200 1.20% $175 $150 1.00% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 ACL - Loans ACL - Unfunded Commitments ACL on Loan
Slide 18: NPA / Charge-Off Trend
NPA / Charge-Off Trend Non-Performing Assets 0.80% 0.74% 0.70% Credit Summary 0.60% • NPAs, as a percentage of total assets, 0.50% 0.44% 0.47% 0.44% were 0.36% at 2Q25, compared with 0.39% 0.36% 0.44% at 1Q25 due to a decrease in 0.40% 0.41% 0.42% 0.38% non-performing mortgage and 0.30% 0.32% commer
Slide 19: Problem Loan Trends
Problem Loan Trends (in millions) $350 $300 1.34% 1.31% 1.30% $250 1.09% 0.99% $200 0.76% 0.74% 0.77% 0.73% 0.68% $150 0.48% 0.52% 0.49% 0.47% $100 0.40% $50 $0 2Q24 3Q24 4Q24 1Q25 2Q25 Criticized Loans Classified Loans Nonperforming Loans Note: Criticized, Classified and Nonperforming loan totals e
Slide 20: Term Investor CRE
Term Investor CRE Investor CRE Investor CRE by Property Type Outstanding $6.97 B All Other CRE Hotel Unfunded $0.18 B $406 $555 Total Committed Exposure $7.15 B Multi-Family $1,938 Warehouse / Average Loan Size $3.96 M Industrial $837 Allowance Coverage 1.51% PD Ratio 0.05% Retail - Non NPL Ratio 0.
Slide 21: Office Portfolio
Office Portfolio Total Office Portfolio by Loan Type Construction Investor Office $142.6 Outstanding $1.36 B Owner- Occupied Unfunded $0.13 B $463.7 Total Committed Exposure $1.49 B Average Loan Size $3.65 M Allowance Coverage 3.81% Investor CRE $1,221.1 PD Ratio 0.00% NPL Ratio 0.00% Criticized Rat
Slide 22: Appendix
Appendix AMERIS BANCORP
Slide 23: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) Quarter to Date Year to Date 2Q25 1Q25 2Q24 2025 2024 Net Income $ 109,834 $ 87,935 $ 90,785 $ 197,769 $ 165,097 Adjustment items Gain on sale of MSR (356) 14 (4,713) (342) (4,713) Gain on conversion of Visa Class B-1 stock - - (12,5
Slide 24: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date Year to Date (dollars in thousands) 2Q25 1Q25 4Q24 3Q24 2Q24 2025 2024 Adjusted Noninterest Expense Total noninterest expense $ 155,260 $ 151,034 $ 151,949 $ 151,777 $ 155,357 $ 306,294 $ 304,068 Adjustment items: FDIC special assessment 13
Slide 25: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date (dollars in thousands) 2Q25 1Q25 4Q24 3Q24 2Q24 Total shareholders' equity $ 3,917,678 $ 3,823,802 $ 3,751,522 $ 3,681,368 $ 3,566,614 Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 62,582 66,658 70,
Slide 26: 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 27: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures As of (dollars in thousands) 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 Total shareholders' equity $ 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 $ 3,197,400 Less: Goodwil