ABCB · Ameris Bancorp

Ameris Bancorp delivered a strong first quarter in 2026, with net income of $110.5 million ($1.63 per diluted share) compared to $87.9 million ($1.27 per share) in the same quarter last year, a 26% increase. The performance was driven by net interest margin expansion of 3 basis points to 3.88%, reflecting disciplined funding cost management as deposit costs decreased 11 basis points to 1.76%. Noninterest income rose 13.1% sequentially to $69.9 million, led by a $5.1 million increase in mortgage banking revenue. Noninterest expense increased $14.0 million from the prior quarter due to seasonal payroll tax and 401(k) expenses, but the efficiency ratio improved to 49.97% from 52.83% a year ago. Loan growth was solid at $314.5 million (5.9% annualized), and deposits grew $260.7 million (4.7% annualized), with noninterest-bearing deposits improving to 29.8% of total deposits. Credit quality remained stable with net charge-offs of 0.21% annualized and the allowance for credit losses unchanged at 1.62% of loans. The company repurchased 950,400 shares for $74.9 million during the quarter. Management highlighted strong returns on assets (1.62%) and tangible common equity (14.75%), and noted continued focus on profitable growth across Southeast markets.