Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q2 2026 Earnings Presentation
28 slides from Ameris Bancorp's earnings presentation, Jul 24, 2026
Slide 1: 2nd Quarter 2026 Results
2nd 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 30.0% 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 1.53% 14.1% 30.0% Adjusted Adjusted NIB Deposits ROA(1) ROTCE(1) 3.88% 50.4% 21% Net Interest Adjusted Adjusted Fees Margin Efficiency Ratio(1) to Revenue(1) 1.62% 12.8% 11.0% Allowance for CET1 Ratio(2) TCE/TA Ratio(1) Credit Losses 11% 1.9x Disciplined and
Slide 6: Delivering Shareholder Value
Delivering Shareholder Value Tangible Book Value Growth • Management remains focused on growing shareholder value • Over the past five years, TBV(1) has grown by 11% annualized • TBV(1) increased $0.31 per share in 2Q26: • $0.56 from retained earnings • ($0.13) from share repurchases • ($0.23) from
Slide 7: History of Consistent Performance
History of Consistent Performance 5 Year Performance Metrics 2021-2025 (5 Year) YTD (1) 2021 2022 2023 2024 2025 Average 2Q26 ROA 1.73% 1.47% 1.06% 1.38% 1.54% 1.43% 1.17% Adjusted ROA(2) 1.66% 1.35% 1.11% 1.30% 1.53% 1.39% 1.57% ROTCE(2) 20.6% 17.8% 12.2% 14.4% 14.5% 15.9% 10.7% Adjusted ROTCE(2) 1
Slide 8: 2Q 2026 Operating Highlights
2Q 2026 Operating Highlights • Net income of $51.4 million, or $0.77 per diluted share • Adjusted net income(1) of $107.3 million, or $1.60 per diluted share • Return on average assets (ROA) of 0.73%, or adjusted ROA(1) of 1.53% • Return on average tangible common equity(1) (ROTCE) of 6.75%, or adju
Slide 9: Financial Highlights
Financial Highlights (dollars in thousands, except per share data) Quarter to Date Results Year To Date Results 2Q26 1Q26 Change 2Q25 Change 2026 2025 Change Net Income $ 51,446 $ 110,492 -53% $ 109,834 -53% $ 161,938 $ 197,769 -18% Adjusted Net Income(1) $ 107,309 $ 110,492 -3% $ 109,461 -2% $ 217,
Slide 10: Strong Net Interest Margin
Strong Net Interest Margin $260.0 Net Interest Income (TE) 4.10% Spread Income and Margin (in millions) $250.0 $253.4 4.00% • Net interest margin stable at 3.88% in the $246.3 $245.4 second quarter of 2026 $240.0 $238.9 3.90% • Average earning assets increased 8.5% 3.88% 3.88% $230.0 $232.7 3.85% 3.
Slide 11: Diversified Revenue Stream
Diversified Revenue Stream Revenue Sources (Tax-Equivalent) (in millions) $301.7 $315.2 $308.1 $315.3 $315.9 100% 10% 11% 10% 10% 10% 90% 80% 13% 13% 10% 12% 10% Strong Revenue Stream 70% 60% • Strong revenue base of net interest 50% income from core banking division 40% 77% 76% 80% 78% 80% and line
Slide 12: Disciplined Expense Control
Disciplined Expense Control Noninterest Expense and Efficiency Ratio Expense Highlights 180.0 Adjusted Operating Expenses (in millions) • Management continues to deliver high 160.0 $39.2 performing operating efficiency $43.4 $40.6 $40.7 140.0 $39.7 • Positive operating leverage allowed adjusted reve
Slide 13: Granular Core Deposit Base
Granular Core Deposit Base Deposits by Product Type Deposits by Customer 2Q26 Brokered Deposit Balance Average per 7% % of Total Count Type (in 000s) account Public NIB $ 6,782,882 30.0% 317,782 $ 21,344 16% Consumer NOW 4,246,796 18.8% 41,050 103,454 33% Checking (NIB/NOW) 11,029,678 48.8% 358,832
Slide 14: Capital Strength
Capital Strength Strong Capital Base Capital Highlights • TCE ratio of 11.0% and CET1 ratio of 12.8% are strong and above peer levels • Minimal impact from unrealized gains/losses, as the AFS bond portfolio has unrealized losses of 15.4% 15.1% 15.0% 14.8% 14.7% $18.8 million • Earnings expected to a
Slide 15: Loan Diversification and Credit Quality
Loan Diversification and Credit Quality
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio 2Q26 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 18% • Asset quality metrics remain stable HELOC 2% C&I 28% • CRE and C&D concentrations were 2
Slide 17: Loan Balance Changes
Loan Balance Changes (in millions) 2Q26 Loan Balance Changes $350 $328 $300 $250 $200 $150 $139 $100 $48 $50 $12 $- $(7) $(50) $(63) $(100) $(107) $(150) C&I Construction OO CRE RE - RES Other Multi-Family Investor CRE Growth Highlights • Loan balances increased $349.9 million, or 6.4% annualized du
Slide 18: Allowance for Credit Losses
Allowance for Credit Losses (in millions) 2Q26 CECL Reserve $450 2.00% $425 $400 1.80% $375 1.67% 1.63% 1.62% 1.62% 1.62% 1.62% 1.62% $350 1.60% 1.60% $325 1.60% $300 $275 1.40% $250 $225 1.20% $200 $175 $150 1.00% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 ACL - Loans ACL - Unfunded Commitments A
Slide 19: Asset Quality Trends
Asset Quality Trends 1.09% Problem Loan Trends 1.10% 0.99% 1.00% 0.89% 0.91% 0.90% 0.85% 0.85% 0.80% 0.73% 0.68% 0.67% 0.67% 0.67% 0.70% 0.63% 0.60% 0.50% 0.45% 0.47% 0.44% 0.44% 0.40% 0.40% 0.36% 0.38% 0.30% 0.35% 0.35% 0.32% 0.33% 0.33% 0.20% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 NPA x GNMA / Total Assets
Slide 20: Term Investor CRE
Term Investor CRE Multi 9% Investor CRE by Property Type Investor Investor CRE CRE 23% Outstanding $7.22 B Hotel $425 All Other Unfunded $0.22 B CRE $403 Multi-Family Total Committed Exposure $7.44 B Warehouse / $2,036 Industrial Average Loan Size $4.41 M $1,019 Allowance Coverage 1.55% 30-89 DPD Ra
Slide 21: Office Portfolio
Office Portfolio Total Office Portfolio by Loan Type Construction Investor Office $106.7 Outstanding $1.22 B Unfunded $0.08 B Owner- Occupied Total Committed Exposure $1.3 B $489.8 Average Loan Size $3.52 M Investor CRE Allowance Coverage 3.95% $1,114.5 30-89 DPD Ratio 0.00% NPL Ratio 0.60% Criticiz
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 2Q26 1Q26 2Q25 2026 2025 Net Income $ 51,446 $ 110,492 $ 109,834 $ 161,938 $ 197,769 Adjustment items Litigation Accrual 82,503 - - 82,503 - Loss on sale of MSR - - (356) - (342) Gain on securities (7,392
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) 2Q26 1Q26 4Q25 3Q25 2Q25 2026 2025 Adjusted Noninterest Expense Total noninterest expense $ 242,714 $ 157,080 $ 143,090 $ 154,566 $ 155,260 $ 399,794 $ 306,294 Adjustment items: Litigation accrual (82,503
Slide 25: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Quarter to Date (dollars in thousands) 2Q26 1Q26 4Q25 3Q25 2Q25 Total shareholders' equity $ 4,090,577 $ 4,082,127 $ 4,076,028 $ 4,016,701 $ 3,917,678 Less: Goodwill 1,015,646 1,015,646 1,015,646 1,015,646 1,015,646 Other intangibles, net 48,317 51,430 54,
Slide 26: Reconciliation of GAAP to Non-GAAP Measures
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,
Slide 27: Reconciliation of GAAP to Non-GAAP Measures
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 (515
Slide 28: Reconciliation of GAAP to Non-GAAP Measures
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 - - (11,5