Document

Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, “Ameris delivered another strong quarter, reflecting our consistent focus on profitable growth, expense discipline and prudent balance sheet management. We achieved a net interest margin of 3.87%, with mid-single-digit growth in average earning assets and deposits. Return on average assets exceeded 1.60%, and our efficiency ratio improved to below 50%. Our capital position, core funding base and credit reserves remain strong, providing a solid foundation as macroeconomic conditions evolve. We remain measured in our approach to growth, maintaining disciplined underwriting and carefully allocating capital. We are confident in the strength of our Southeast franchise and remain focused on deepening customer relationships and driving disciplined organic growth. As always, our strategic decisions will be guided by the best long-term interests of the Company and our shareholders.”

Noninterest income decreased $9.4 million, or 12.7%, in the third quarter of 2026 to $64.2 million, compared with $73.5 million for the second quarter of 2026, driven primarily by a $7.2 million decrease in gain on securities. Mortgage banking activity decreased $3.3 million, or 10.1%, to $29.2 million in the third quarter of 2026, compared with $32.5 million for the second quarter of 2026. Total production in the retail mortgage division decreased $157.9 million, or 13.7%, to $994.4 million in the third quarter of 2026, compared with $1.15 billion for the second quarter of 2026. The retail mortgage open pipeline was $439.9 million at the end of the third quarter of 2026, compared with $609.3 million at the end of the second quarter of 2026. Gain on sale spreads increased to 2.09% in the third quarter of 2026 from 2.04% for the second quarter of 2026. Equipment finance activity increased $1.4 million, or 15.7%, to $10.4 million, compared with $8.9 million for the second quarter of 2026. Gain on securities was $230,000 for the third quarter of 2026, compared with $7.4 million for the second quarter of 2026. Other noninterest income decreased $317,000, or 3.3%, in the third quarter of 2026 to $9.2 million, compared with $9.6 million for the second quarter of 2026.

Noninterest expense decreased $84.0 million, or 34.6%, to $158.7 million during the third quarter of 2026, compared with $242.7 million for the second quarter of 2026. The decrease was driven by a litigation expense accrual decline of $80.8 million. Adjusted noninterest expense(1) decreased $2.5 million, or 1.5%, compared with the second quarter of 2026, primarily due to decreased mortgage compensation and legal expenses. Management continues to focus on delivering high performing operating efficiency, reflected by an adjusted efficiency ratio(1) of 49.15% in the third quarter of 2026, compared with 50.42% in the second quarter of 2026 and 49.62% in the third quarter of 2025.

At September 30, 2026, total deposits were $22.91 billion, compared with $22.59 billion at June 30, 2026 and $22.38 billion at December 31, 2025. During the third quarter of 2026, deposits increased $319.4 million, or 5.6% annualized, with interest bearing deposits increasing by $407.2 million and noninterest-bearing deposits decreasing by $87.8 million. The increase in end of period balances was driven primarily by an increase of $399.7 million in money market accounts and an increase of $129.5 million in brokered CDs, which was partially offset by a decrease of $79.8 million in retail CDs. Noninterest-bearing deposits represented 29.2% of total deposits at September 30, 2026, compared with 28.7% at December 31, 2025.

During the third quarter of 2026, the Company recorded a provision for credit losses of $12.6 million, compared with a provision of $17.3 million in the second quarter of 2026. The allowance for credit losses on loans was 1.62% of loans at September 30, 2026, unchanged from the end of 2025. Nonperforming assets as a percentage of total assets increased seven basis points to 0.54% during the quarter. Approximately $38.8 million, or 25.2%, of the nonperforming assets at September 30, 2026 were GNMA-guaranteed mortgage loans, which present minimal loss exposure for the Company. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets increased five basis points to 0.40% at September 30, 2026, compared with 0.35% at the end of the second quarter of 2026. The net charge-off ratio was 19 basis points for the third quarter of 2026, compared with 20 basis points for the second quarter of 2026.

The Company's board of directors, on October 16, 2026, authorized the Company to repurchase up to $200.0 million of its outstanding common stock. Repurchases of shares, which are authorized to occur through October 31, 2027, will be made, if at all, in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including share acquisition price, regulatory limitations and other market and economic factors. The program does not require the Company to repurchase any specific number of shares. The board's authorization is a continuation and replenishment of the Company's previously announced share repurchase program which was set to expire on October 31 and under which the Company has repurchased $134.6 million of its outstanding common stock in the past 12 months.

The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, October 23, 2026, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference call until October 30, 2026. To listen to the replay, dial 1-855-669-9658. The conference replay access code is 7791097. The financial information discussed will be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com. Participants also may listen to a live webcast of the presentation by visiting the link on the Investor Relations page of the Ameris Bank website.

This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management uses these non-GAAP financial measures in its analysis of the Company’s performance. These measures are useful when evaluating the underlying performance and efficiency of the Company’s operations and balance sheet. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company’s management believes that investors may use these non-GAAP financial measures to evaluate the Company’s financial performance without the impact of unusual items that may obscure trends in the Company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies.

This news release 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,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on management's opinions only as of the date hereof and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness and payment behavior of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin, investment security valuations and other performance measures; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government trade, monetary and fiscal policies, including tariffs; competitive pressures on product pricing and services; fraud, theft or other misconduct impacting our customers or operations; cybersecurity risks, including data breaches, malware, ransomware and account takeover; the success and timing of our business strategies and plans; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements except as required by law.


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Financial Highlights				Table 1
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep				Sep			Sep
(dollars in thousands except per share data)	2026			2026			2026			2025			2025				2026			2025
EARNINGS
Net income	$	116,093		$	51,446		$	110,492		$	108,356		$	106,029			$	278,031		$	303,798
Adjusted net income(1)	$	115,990		$	107,309		$	110,492		$	108,808		$	104,110			$	333,791		$	301,580

COMMON SHARE DATA
Earnings per share available to common shareholders
Basic	$	1.74		$	0.77		$	1.64		$	1.59		$	1.55			$	4.15		$	4.43
Diluted	$	1.73		$	0.77		$	1.63		$	1.59		$	1.54			$	4.13		$	4.41
Adjusted diluted EPS(1)	$	1.73		$	1.60		$	1.63		$	1.59		$	1.52			$	4.96		$	4.38
Cash dividends per share	$	0.20		$	0.20		$	0.20		$	0.20		$	0.20			$	0.60		$	0.60
Book value per share (period end)	$	61.46		$	60.96		$	60.64		$	59.92		$	58.56			$	61.46		$	58.56
Tangible book value per share (period end)(1)	$	45.65		$	45.10		$	44.79		$	44.18		$	42.90			$	45.65		$	42.90
Weighted average number of shares
Basic	66,775,293			66,883,935			67,540,444			68,022,346			68,401,737				67,063,755			68,592,529
Diluted	67,024,653			67,099,941			67,766,997			68,328,365			68,665,669				67,293,307			68,830,787
Period end number of shares	67,108,489			67,106,587			67,320,298			68,022,316			68,587,742				67,108,489			68,587,742
Market data
High intraday price	$	93.22		$	91.41		$	87.98		$	78.99		$	76.58			$	93.22		$	76.58
Low intraday price	$	79.34		$	77.01		$	73.20		$	68.80		$	64.30			$	73.20		$	48.27
Period end closing price	$	79.52		$	90.26		$	77.99		$	74.27		$	73.31			$	79.52		$	73.31
Average daily volume	433,973			531,184			558,814			448,341			435,766				506,927			427,673

PERFORMANCE RATIOS
Return on average assets	1.61		%	0.73		%	1.62		%	1.57		%	1.56		%		1.32		%	1.52		%
Adjusted return on average assets(1)	1.61		%	1.53		%	1.62		%	1.58		%	1.53		%		1.59		%	1.51		%
Return on average common equity	11.15		%	5.00		%	10.91		%	10.63		%	10.61		%		9.02		%	10.48		%
Adjusted return on average tangible common equity(1)	15.00		%	14.08		%	14.75		%	14.53		%	14.30		%		14.61		%	14.42		%
Earning asset yield (TE)	5.62		%	5.61		%	5.57		%	5.61		%	5.66		%		5.60		%	5.64		%
Total cost of funds	1.94		%	1.91		%	1.88		%	1.95		%	2.05		%		1.91		%	2.06		%
Net interest margin (TE)	3.87		%	3.88		%	3.88		%	3.85		%	3.80		%		3.88		%	3.77		%

Efficiency ratio	49.32		%	74.45		%	49.97		%	46.59		%	49.19		%		58.05		%	51.16		%
Adjusted efficiency ratio(1)	49.15		%	50.42		%	49.97		%	46.68		%	49.62		%		49.84		%	51.34		%

CAPITAL ADEQUACY (period end)
Shareholders' equity to assets	14.45		%	14.36		%	14.52		%	14.81		%	14.82		%		14.45		%	14.82		%
Tangible common equity to tangible assets(1)	11.14		%	11.04		%	11.15		%	11.37		%	11.31		%		11.14		%	11.31		%

OTHER DATA (period end)
Full time equivalent employees
Banking Division	2,020			2,039			2,023			2,043			2,068				2,020			2,068
Retail Mortgage Division	505			516			528			538			546				505			546
Warehouse Lending Division	7			7			7			7			8				7			8

Premium Finance Division	86			88			84			85			78				86			78
Total Ameris Bancorp FTE headcount	2,618			2,650			2,642			2,673			2,700				2,618			2,700


Branch locations	163			163			163			163			164				163			164
Deposits per branch location	$	140,534		$	138,574		$	138,876		$	137,276		$	135,537			$	140,534		$	135,537
(1)Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Income Statement			Table 2
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep			Sep		Sep
(dollars in thousands except per share data)	2026		2026		2026		2025		2025			2026		2025
Interest income
Interest and fees on loans	$	334,538	$	326,705	$	317,883	$	323,833	$	321,457		$	979,126	$	941,518
Interest on taxable securities	30,969		30,217		25,474		24,886		23,253			86,660		62,441
Interest on nontaxable securities	374		383		374		422		343			1,131		1,006
Interest on deposits in other banks	8,667		8,270		8,040		8,922		9,993			24,977		31,497

Total interest income	374,548		365,575		351,771		358,063		355,046			1,091,894		1,036,462

Interest expense
Interest on deposits	104,762		98,995		96,227		105,314		106,851			299,984		318,862
Interest on other borrowings	12,108		14,096		11,108		7,442		10,231			37,312		25,984
Total interest expense	116,870		113,091		107,335		112,756		117,082			337,296		344,846

Net interest income	257,678		252,484		244,436		245,307		237,964			754,598		691,616

Provision for loan losses	13,306		15,894		17,895		16,601		11,176			47,095		30,805
Provision for unfunded commitments	(727)		1,360		(1,338)		6,348		11,446			(705)		16,484
Provision for other credit losses	(1)		(1)		(6)		1		8			(8)		5
Provision for credit losses	12,578		17,253		16,551		22,950		22,630			46,382		47,294
Net interest income after provision for credit losses	245,100		235,231		227,885		222,357		215,334			708,216		644,322

Noninterest income
Service charges on deposit accounts	14,072		14,044		13,679		14,088		13,931			41,795		40,557
Mortgage banking activity	29,226		32,526		37,008		31,874		40,666			98,760		115,141
Other service charges, commissions and fees	1,046		1,065		1,027		1,102		1,124			3,138		3,391
Gain on securities	230		7,392		—		12		1,581			7,622		1,621
Equipment finance activity	10,353		8,948		9,086		8,434		8,858			28,387		22,128
Other noninterest income	9,240		9,557		9,120		6,317		10,114			27,917		26,370
Total noninterest income	64,167		73,532		69,920		61,827		76,274			207,619		209,208

Noninterest expense
Salaries and employee benefits	90,330		91,494		91,366		81,997		90,948			273,190		266,871
Occupancy and equipment	12,573		12,555		11,625		11,321		11,524			36,753		33,602
Data processing and communications expenses	17,096		15,571		16,793		16,236		16,058			49,460		46,279
Credit resolution-related expenses(1)	179		798		509		953		770			1,486		2,192
Advertising and marketing	3,211		3,452		3,296		1,984		3,377			9,959		10,005
Amortization of intangible assets	2,944		3,114		3,393		3,879		3,879			9,451		12,058

Loan servicing expenses	7,080		7,205		7,380		7,267		8,142			21,665		23,862
Other noninterest expenses	25,335		108,525		22,718		19,453		19,868			156,578		65,991
Total noninterest expense	158,748		242,714		157,080		143,090		154,566			558,542		460,860

Income before income tax expense	150,519		66,049		140,725		141,094		137,042			357,293		392,670
Income tax expense	34,426		14,603		30,233		32,738		31,013			79,262		88,872
Net income	$	116,093	$	51,446	$	110,492	$	108,356	$	106,029		$	278,031	$	303,798

Diluted earnings per common share	$	1.73	$	0.77	$	1.63	$	1.59	$	1.54		$	4.13	$	4.41

(1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns.


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Period End Balance Sheet	Table 3
	Sep		Jun		Mar		Dec		Sep
(dollars in thousands)	2026		2026		2026		2025		2025
Assets
Cash and due from banks	$	211,104	$	237,431	$	235,114	$	253,807	$	216,927
Interest-bearing deposits in banks	926,066		959,682		1,094,185		835,113		826,237

Debt securities available-for-sale, at fair value	2,477,536		2,460,623		2,353,396		2,207,173		2,131,671
Debt securities held-to-maturity, at amortized cost	201,808		208,155		202,550		203,242		202,581
Other investments	103,110		123,871		100,718		85,443		70,644
Loans held for sale	398,514		482,220		496,629		623,152		604,136

Loans, net of unearned income	22,350,983		22,177,865		21,827,980		21,513,522		21,258,374
Allowance for credit losses	(362,308)		(359,513)		(354,682)		(348,141)		(345,294)
Loans, net	21,988,675		21,818,352		21,473,298		21,165,381		20,913,080

Other real estate owned	4,148		4,043		3,091		2,918		3,137
Premises and equipment, net	222,223		220,500		216,397		213,097		211,567
Goodwill	1,015,646		1,015,646		1,015,646		1,015,646		1,015,646
Other intangible assets, net	45,373		48,317		51,430		54,824		58,703
Cash value of bank owned life insurance	430,335		427,789		424,164		420,583		417,096

Other assets	525,157		482,214		443,317		435,500		428,404
Total assets	$	28,549,695	$	28,488,843	$	28,109,935	$	27,515,879	$	27,099,829

Liabilities
Deposits
Noninterest-bearing	$	6,695,113	$	6,782,882	$	6,748,976	$	6,426,145	$	6,757,233
Interest-bearing	16,211,860		15,804,691		15,887,764		15,949,850		15,470,845
Total deposits	22,906,973		22,587,573		22,636,740		22,375,995		22,228,078

Other borrowings	928,008		1,250,049		887,974		558,039		337,094
Subordinated deferrable interest debentures	135,798		135,299		134,801		134,302		133,804

Other liabilities	454,661		425,345		368,293		371,515		384,152
Total liabilities	24,425,440		24,398,266		24,027,808		23,439,851		23,083,128

Shareholders' Equity
Preferred stock	—		—		—		—		—
Common stock	73,267		73,265		73,252		72,898		72,900
Capital stock	1,982,500		1,978,573		1,973,881		1,971,131		1,968,124
Retained earnings	2,447,900		2,345,292		2,307,358		2,210,385		2,115,712
Accumulated other comprehensive income (loss), net of tax	(89,329)		(16,508)		(1,476)		8,312		5,171
Treasury stock	(290,083)		(290,045)		(270,888)		(186,698)		(145,206)
Total shareholders' equity	4,124,255		4,090,577		4,082,127		4,076,028		4,016,701
Total liabilities and shareholders' equity	$	28,549,695	$	28,488,843	$	28,109,935	$	27,515,879	$	27,099,829

Other Data
Earning assets	$	26,458,017	$	26,412,416	$	26,075,458	$	25,467,645	$	25,093,643
Intangible assets	1,061,019		1,063,963		1,067,076		1,070,470		1,074,349
Interest-bearing liabilities	17,275,666		17,190,039		16,910,539		16,642,191		15,941,743
Average assets	28,549,120		28,210,184		27,672,313		27,394,953		26,972,134
Average common shareholders' equity	4,130,982		4,122,923		4,107,670		4,044,338		3,964,207


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Asset Quality Information	Table 4
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep				Sep			Sep
(dollars in thousands)	2026			2026			2026			2025			2025				2026			2025
Allowance for Credit Losses
Balance at beginning of period	$	412,945		$	406,755		$	401,558		$	392,362		$	377,181			$	401,558		$	368,663







Provision for loan losses	13,306			15,894			17,895			16,601			11,176				47,095			30,805
Provision for unfunded commitments	(727)			1,360			(1,338)			6,348			11,446				(705)			16,484
Provision for other credit losses	(1)			(1)			(6)			1			8				(8)			5
Provision for credit losses	12,578			17,253			16,551			22,950			22,630				46,382			47,294

Charge-offs	16,825			16,616			17,527			19,575			13,631				50,968			43,241
Recoveries	6,314			5,553			6,173			5,821			6,182				18,040			19,646
Net charge-offs (recoveries)	10,511			11,063			11,354			13,754			7,449				32,928			23,595

Ending balance	$	415,012		$	412,945		$	406,755		$	401,558		$	392,362			$	415,012		$	392,362

Allowance for loan losses	$	362,308		$	359,513		$	354,682		$	348,141		$	345,294			$	362,308		$	345,294
Allowance for unfunded commitments	52,637			53,364			52,004			53,342			46,994				52,637			46,994
Allowance for other credit losses	67			68			69			75			74				67			74
Total allowance for credit losses	$	415,012		$	412,945		$	406,755		$	401,558		$	392,362			$	415,012		$	392,362


























Non-Performing Assets
Nonaccrual portfolio loans	$	102,400		$	86,819		$	81,969		$	84,711		$	77,257			$	102,400		$	77,257
Other real estate owned	4,148			4,043			3,091			2,918			3,137				4,148			3,137
Repossessed assets	—			—			4			4			3				—			3
Accruing loans delinquent 90 days or more	8,605			8,364			8,230			8,492			9,325				8,605			9,325
Non-performing portfolio assets	$	115,153		$	99,226		$	93,294		$	96,125		$	89,722			$	115,153		$	89,722
Serviced GNMA-guaranteed mortgage nonaccrual loans	38,802			33,707			34,489			24,347			19,706				38,802			19,706
Total non-performing assets	$	153,955		$	132,933		$	127,783		$	120,472		$	109,428			$	153,955		$	109,428

Asset Quality Ratios
Non-performing portfolio assets as a percent of total assets	0.40		%	0.35		%	0.33		%	0.35		%	0.33		%		0.40		%	0.33		%
Total non-performing assets as a percent of total assets	0.54		%	0.47		%	0.45		%	0.44		%	0.40		%		0.54		%	0.40		%
Net charge-offs as a percent of average loans (annualized)	0.19		%	0.20		%	0.21		%	0.26		%	0.14		%		0.20		%	0.15		%


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Loan Information	Table 5
	Sep		Jun		Mar		Dec		Sep
(dollars in thousands)	2026		2026		2026		2025		2025
Loans by Type
Commercial and industrial	$	3,485,369	$	3,453,501	$	3,400,837	$	3,288,505	$	3,299,269
Consumer	143,897		157,252		166,652		180,010		202,688

Mortgage warehouse	1,300,152		1,345,808		1,232,103		1,150,782		1,083,941
Municipal	404,109		415,396		420,775		434,234		437,823
Premium Finance	1,700,913		1,534,445		1,365,018		1,306,267		1,358,259
Real estate - construction and development	1,781,330		1,702,983		1,564,242		1,469,250		1,411,178
Real estate - commercial and farmland	9,090,511		9,243,359		9,364,885		9,311,405		9,054,927
Real estate - residential	4,444,702		4,325,121		4,313,468		4,373,069		4,410,289
Total loans	$	22,350,983	$	22,177,865	$	21,827,980	$	21,513,522	$	21,258,374


























Loans by Risk Grade
Pass	$	22,056,159	$	21,942,518	$	21,598,675	$	21,305,745	$	21,058,458
Other assets especially mentioned	97,118		61,021		49,359		39,709		37,236
Substandard	197,706		174,326		179,946		168,068		162,680


Total loans	$	22,350,983	$	22,177,865	$	21,827,980	$	21,513,522	$	21,258,374


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Average Balances	Table 6
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep			Sep		Sep
(dollars in thousands)	2026		2026		2026		2025		2025			2026		2025
Earning Assets

Interest-bearing deposits in banks	$	905,371	$	883,521	$	879,724	$	884,149	$	883,976		$	889,632	$	938,312

Debt securities - taxable	2,803,397		2,703,887		2,532,669		2,432,934		2,282,470			2,680,976		2,133,805
Debt securities - nontaxable	44,747		44,914		45,241		45,237		44,823			44,966		42,517
Loans held for sale	548,736		629,469		616,530		758,588		706,679			597,997		668,177
Loans	22,207,744		21,947,729		21,590,793		21,278,859		21,038,350			21,917,682		20,864,180
Total Earning Assets	$	26,509,995	$	26,209,520	$	25,664,957	$	25,399,767	$	24,956,298		$	26,131,253	$	24,646,991

Deposits
Noninterest-bearing deposits	$	6,721,999	$	6,695,490	$	6,547,843	$	6,668,120	$	6,849,129		$	6,655,749	$	6,714,016
NOW accounts	4,169,978		4,212,047		4,195,369		4,052,397		3,900,999			4,192,372		3,942,766
MMDA	7,383,668		7,072,892		7,189,981		7,347,897		6,977,134			7,216,222		6,935,931
Savings accounts	760,190		774,903		760,258		754,439		756,383			765,117		763,248
Retail CDs	2,215,297		2,250,844		2,268,935		2,325,456		2,344,084			2,244,829		2,391,146
Brokered CDs	1,598,200		1,420,811		1,221,181		1,249,020		1,070,735			1,414,779		1,059,911
Total Deposits	22,849,332		22,426,987		22,183,567		22,397,329		21,898,464			22,489,068		21,807,018
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	—		—		1		—		1			—		—
FHLB advances	956,111		1,171,702		871,128		423,669		443,243			999,958		307,354
Other borrowings	—		9,768		9,899		9,920		169,994			6,520		185,574
Subordinated deferrable interest debentures	135,535		135,037		134,537		134,041		133,541			135,040		133,046
Total Non-Deposit Funding	1,091,646		1,316,507		1,015,565		567,630		746,779			1,141,518		625,974
Total Funding	$	23,940,978	$	23,743,494	$	23,199,132	$	22,964,959	$	22,645,243		$	23,630,586	$	22,432,992


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Interest Income and Interest Expense (TE)	Table 7
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep			Sep		Sep
(dollars in thousands)	2026		2026		2026		2025		2025			2026		2025
Interest Income

Interest-bearing deposits in banks	$	8,667	$	8,270	$	8,040	$	8,922	$	9,993		$	24,977	$	31,497

Debt securities - taxable	30,969		30,217		25,474		24,886		23,253			86,660		62,441
Debt securities - nontaxable (TE)	474		485		473		535		434			1,432		1,273
Loans held for sale	8,751		9,478		9,000		11,233		11,237			27,229		31,860
Loans (TE)	326,629		318,079		309,732		313,467		311,082			954,440		912,200
Total Earning Assets	$	375,490	$	366,529	$	352,719	$	359,043	$	355,999		$	1,094,738	$	1,039,271



Interest Expense
Interest-Bearing Deposits
NOW accounts	$	18,793	$	18,925	$	18,106	$	18,508	$	18,230		$	55,824	$	54,680
MMDA	50,932		47,070		46,737		52,455		54,657			144,739		160,387
Savings accounts	698		688		679		734		813			2,065		2,469
Retail CDs	18,281		18,531		18,958		20,567		21,253			55,770		66,350
Brokered CDs	16,058		13,781		11,747		13,050		11,898			41,586		34,976
Total Interest-Bearing Deposits	104,762		98,995		96,227		105,314		106,851			299,984		318,862
Non-Deposit Funding

FHLB advances	9,285		11,182		8,179		4,347		4,863			28,646		9,733
Other borrowings	—		129		159		169		2,328			288		7,177
Subordinated deferrable interest debentures	2,823		2,785		2,770		2,926		3,040			8,378		9,074
Total Non-Deposit Funding	12,108		14,096		11,108		7,442		10,231			37,312		25,984
Total Interest-Bearing Funding	$	116,870	$	113,091	$	107,335	$	112,756	$	117,082		$	337,296	$	344,846

Net Interest Income (TE)	$	258,620	$	253,438	$	245,384	$	246,287	$	238,917		$	757,442	$	694,425


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Yields(1)	Table 8
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep			Sep		Sep
	2026		2026		2026		2025		2025			2026		2025
Earning Assets

Interest-bearing deposits in banks	3.80	%	3.75	%	3.71	%	4.00	%	4.48	%		3.75	%	4.49	%

Debt securities - taxable	4.38	%	4.48	%	4.08	%	4.06	%	4.04	%		4.32	%	3.91	%
Debt securities - nontaxable (TE)	4.20	%	4.33	%	4.24	%	4.69	%	3.84	%		4.26	%	4.00	%
Loans held for sale	6.33	%	6.04	%	5.92	%	5.87	%	6.31	%		6.09	%	6.38	%
Loans (TE)	5.84	%	5.81	%	5.82	%	5.84	%	5.87	%		5.82	%	5.85	%
Total Earning Assets	5.62	%	5.61	%	5.57	%	5.61	%	5.66	%		5.60	%	5.64	%

Interest-Bearing Deposits
NOW accounts	1.79	%	1.80	%	1.75	%	1.81	%	1.85	%		1.78	%	1.85	%
MMDA	2.74	%	2.67	%	2.64	%	2.83	%	3.11	%		2.68	%	3.09	%
Savings accounts	0.36	%	0.36	%	0.36	%	0.39	%	0.43	%		0.36	%	0.43	%
Retail CDs	3.27	%	3.30	%	3.39	%	3.51	%	3.60	%		3.32	%	3.71	%
Brokered CDs	3.99	%	3.89	%	3.90	%	4.15	%	4.41	%		3.93	%	4.41	%
Total Interest-Bearing Deposits	2.58	%	2.52	%	2.50	%	2.66	%	2.82	%		2.53	%	2.82	%
Non-Deposit Funding

FHLB advances	3.85	%	3.83	%	3.81	%	4.07	%	4.35	%		3.83	%	4.23	%
Other borrowings	—	%	5.30	%	6.51	%	6.76	%	5.43	%		5.91	%	5.17	%
Subordinated deferrable interest debentures	8.26	%	8.27	%	8.35	%	8.66	%	9.03	%		8.29	%	9.12	%
Total Non-Deposit Funding	4.40	%	4.29	%	4.44	%	5.20	%	5.44	%		4.37	%	5.55	%
Total Interest-Bearing Liabilities	2.69	%	2.66	%	2.61	%	2.74	%	2.94	%		2.66	%	2.93	%

Net Interest Spread	2.93	%	2.95	%	2.96	%	2.87	%	2.72	%		2.94	%	2.71	%

Net Interest Margin(2)	3.87	%	3.88	%	3.88	%	3.85	%	3.80	%		3.88	%	3.77	%

Total Cost of Funds(3)	1.94	%	1.91	%	1.88	%	1.95	%	2.05	%		1.91	%	2.06	%
(1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%.
(2) Rate calculated based on average earning assets.
(3) Rate calculated based on total average funding including noninterest-bearing deposits.


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Non-GAAP Reconciliations

Adjusted Net Income	Table 9A
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep			Sep		Sep
(dollars in thousands except per share data)	2026		2026		2026		2025		2025			2026		2025
Net income available to common shareholders	$	116,093	$	51,446	$	110,492	$	108,356	$	106,029		$	278,031	$	303,798

Adjustment items:

Litigation accrual	1,675		82,503		—		—		—			84,178		—

Loss (gain) on sale of MSR	—		—		—		1,127		(125)			—		(467)
Gain on securities	(230)		(7,392)		—		(12)		(1,581)			(7,622)		(1,621)

Servicing right impairment (recovery)	—		—		—		910		—			—		—
Gain on BOLI proceeds	(678)		(846)		—		(220)		(390)			(1,524)		(401)
FDIC special assessment	—		—		—		(1,136)		(318)			—		(318)
Natural disaster expense recovery	(683)		—		—		—		—			(683)		—

Tax effect of adjustment items (Note 1)	(187)		(18,402)		—		(217)		495			(18,589)		589
After tax adjustment items	(103)		55,863		—		452		(1,919)			55,760		(2,218)

Adjusted net income	$	115,990	$	107,309	$	110,492	$	108,808	$	104,110		$	333,791	$	301,580

Weighted average number of shares - diluted	67,024,653		67,099,941		67,766,997		68,328,365		68,665,669			67,293,307		68,830,787
Net income per diluted share	$	1.73	$	0.77	$	1.63	$	1.59	$	1.54		$	4.13	$	4.41
Adjusted net income per diluted share	$	1.73	$	1.60	$	1.63	$	1.59	$	1.52		$	4.96	$	4.38

Average assets	$	28,549,120	$	28,210,184	$	27,672,313	$	27,394,953	$	26,972,134		$	28,149,465	$	26,655,680
Return on average assets	1.61%		0.73%		1.62%		1.57%		1.56%			1.32%		1.52%
Adjusted return on average assets	1.61%		1.53%		1.62%		1.58%		1.53%			1.59%		1.51%

Average common equity	$	4,130,982	$	4,122,923	$	4,107,670	$	4,044,338	$	3,964,207		$	4,120,613	$	3,876,404
Average tangible common equity	$	3,068,523	$	3,057,445	$	3,039,019	$	2,971,985	$	2,887,961		$	3,055,106	$	2,796,180
Return on average common equity	11.15%		5.00%		10.91%		10.63%		10.61%			9.02%		10.48%
Return on average tangible common equity	15.01%		6.75%		14.75%		14.46%		14.57%			12.17%		14.53%
Adjusted return on average tangible common equity	15.00%		14.08%		14.75%		14.53%		14.30%			14.61%		14.42%

Note 1: Tax effect is calculated utilizing a 24.5% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included.


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Non-GAAP Reconciliations (continued)

Adjusted Efficiency Ratio	Table 9B
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep				Sep			Sep
(dollars in thousands)	2026			2026			2026			2025			2025				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 special assessment	—			—			—			1,136			318				—			318
Natural disaster expense recovery	683			—			—			—			—				683			—

Adjusted noninterest expense	$	157,756		$	160,211		$	157,080		$	144,226		$	154,884			$	475,047		$	461,178

Adjusted Total Revenue
Net interest income	$	257,678		$	252,484		$	244,436		$	245,307		$	237,964			$	754,598		$	691,616
Noninterest income	64,167			73,532			69,920			61,827			76,274				207,619			209,208
Total revenue	321,845			326,016			314,356			307,134			314,238				962,217			900,824
Adjustment items:
Gain on securities	(230)			(7,392)			—			(12)			(1,581)				(7,622)			(1,621)
(Gain)/loss on sale of MSR	—			—			—			1,127			(125)				—			(467)
Gain on BOLI proceeds	(678)			(846)			—			(220)			(390)				(1,524)			(401)
Servicing right impairment (recovery)	—			—			—			910			—				—			—
Adjusted total revenue	$	320,937		$	317,778		$	314,356		$	308,939		$	312,142			$	953,071		$	898,335

Efficiency ratio	49.32		%	74.45		%	49.97		%	46.59		%	49.19		%		58.05		%	51.16		%
Adjusted efficiency ratio	49.15		%	50.42		%	49.97		%	46.68		%	49.62		%		49.84		%	51.34		%

Tangible Book Value Per Share	Table 9C
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep				Sep			Sep
(dollars in thousands except per share data)	2026			2026			2026			2025			2025				2026			2025
Total shareholders' equity	$	4,124,255		$	4,090,577		$	4,082,127		$	4,076,028		$	4,016,701			$	4,124,255		$	4,016,701
Less:
Goodwill	1,015,646			1,015,646			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				45,373			58,703
Total tangible shareholders' equity	$	3,063,236		$	3,026,614		$	3,015,051		$	3,005,558		$	2,942,352			$	3,063,236		$	2,942,352

Period end number of shares	67,108,489			67,106,587			67,320,298			68,022,316			68,587,742				67,108,489			68,587,742
Book value per share (period end)	$	61.46		$	60.96		$	60.64		$	59.92		$	58.56			$	61.46		$	58.56
Tangible book value per share (period end)	$	45.65		$	45.10		$	44.79		$	44.18		$	42.90			$	45.65		$	42.90


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Non-GAAP Reconciliations (continued)

Tangible Common Equity to Tangible Assets ("TCE Ratio")	Table 9D

	Sep			Jun			Mar			Dec			Sep
(dollars in thousands except per share data)	2026			2026			2026			2025			2025
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
Total tangible shareholders' equity	$	3,063,236		$	3,026,614		$	3,015,051		$	3,005,558		$	2,942,352

Total assets	$	28,549,695		$	28,488,843		$	28,109,935		$	27,515,879		$	27,099,829
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
Total tangible assets	$	27,488,676		$	27,424,880		$	27,042,859		$	26,445,409		$	26,025,480

Equity to Assets	14.45		%	14.36		%	14.52		%	14.81		%	14.82		%
Tangible Common Equity to Tangible Assets	11.14		%	11.04		%	11.15		%	11.37		%	11.31		%


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Segment Reporting	Table 10
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep			Sep		Sep
(dollars in thousands)	2026		2026		2026		2025		2025			2026		2025
Retail Mortgage Division
Net interest income	$	14,622	$	15,844	$	16,828	$	19,312	$	20,179		$	47,294	$	64,054
Provision for credit losses	2,397		(3,346)		3,074		(3,142)		529			2,125		6,730
Noninterest income	28,452		32,151		36,316		30,056		40,081			96,919		112,536
Noninterest expense
Salaries and employee benefits	19,278		21,493		21,912		21,413		21,589			62,683		66,942
Occupancy and equipment expenses	662		685		649		754		760			1,996		2,400
Data processing and telecommunications expenses	1,334		1,302		1,224		1,315		1,232			3,860		3,920
Other noninterest expenses	11,592		11,587		12,532		11,547		12,480			35,711		36,939
Total noninterest expense	32,866		35,067		36,317		35,029		36,061			104,250		110,201
Income before income tax expense	7,811		16,274		13,753		17,481		23,670			37,838		59,659
Income tax expense	1,641		3,417		2,888		3,671		4,970			7,946		12,528
Net income	$	6,170	$	12,857	$	10,865	$	13,810	$	18,700		$	29,892	$	47,131

Warehouse Lending Division
Net interest income	$	9,507	$	8,825	$	7,594	$	7,430	$	7,474		$	25,926	$	20,467
Provision for credit losses	(34)		184		177		129		23			327		217
Noninterest income	913		794		796		736		756			2,503		3,203
Noninterest expense
Salaries and employee benefits	591		468		544		556		566			1,603		1,736
Occupancy and equipment expenses	8		7		8		7		7			23		21
Data processing and telecommunications expenses	65		59		35		54		57			159		154
Other noninterest expenses	175		184		179		195		195			538		561
Total noninterest expense	839		718		766		812		825			2,323		2,472
Income before income tax expense	9,615		8,717		7,447		7,225		7,382			25,779		20,981
Income tax expense	2,019		1,831		1,564		1,517		1,550			5,414		4,406
Net income	$	7,596	$	6,886	$	5,883	$	5,708	$	5,832		$	20,365	$	16,575

Premium Finance Division
Net interest income	$	14,833	$	12,515	$	11,647	$	11,802	$	12,251		$	38,995	$	33,321
Provision for credit losses	222		417		1,447		926		461			2,086		1,633
Noninterest income	19		18		17		17		18			54		51
Noninterest expense
Salaries and employee benefits	3,032		2,865		2,664		2,446		2,492			8,561		7,175
Occupancy and equipment expenses	33		40		38		37		39			111		112
Data processing and telecommunications expenses	187		169		186		106		101			542		321
Other noninterest expenses	439		390		687		1,240		1,075			1,516		3,159
Total noninterest expense	3,691		3,464		3,575		3,829		3,707			10,730		10,767
Income before income tax expense	10,939		8,652		6,642		7,064		8,101			26,233		20,972
Income tax expense	2,297		1,817		1,384		1,450		1,669			5,498		4,293
Net income	$	8,642	$	6,835	$	5,258	$	5,614	$	6,432		$	20,735	$	16,679


AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES

Segment Reporting (continued)	Table 10
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep			Sep		Sep
(dollars in thousands)	2026		2026		2026		2025		2025			2026		2025
Banking Division
Net interest income	$	218,716	$	215,300	$	208,367	$	206,763	$	198,060		$	642,383	$	573,774
Provision for credit losses	9,993		19,998		11,853		25,037		21,617			41,844		38,714
Noninterest income	34,783		40,569		32,791		31,018		35,419			108,143		93,418
Noninterest expense
Salaries and employee benefits	67,429		66,668		66,246		57,582		66,301			200,343		191,018
Occupancy and equipment expenses	11,870		11,823		10,930		10,523		10,718			34,623		31,069
Data processing and telecommunications expenses	15,510		14,041		15,348		14,761		14,668			44,899		41,884
Other noninterest expenses	26,543		110,933		23,898		20,554		22,286			161,374		73,449
Total noninterest expense	121,352		203,465		116,422		103,420		113,973			441,239		337,420
Income before income tax expense	122,154		32,406		112,883		109,324		97,889			267,443		291,058
Income tax expense	28,469		7,538		24,397		26,100		22,824			60,404		67,645
Net income	$	93,685	$	24,868	$	88,486	$	83,224	$	75,065		$	207,039	$	223,413





























Total Consolidated
Net interest income	$	257,678	$	252,484	$	244,436	$	245,307	$	237,964		$	754,598	$	691,616
Provision for credit losses	12,578		17,253		16,551		22,950		22,630			46,382		47,294
Noninterest income	64,167		73,532		69,920		61,827		76,274			207,619		209,208
Noninterest expense
Salaries and employee benefits	90,330		91,494		91,366		81,997		90,948			273,190		266,871
Occupancy and equipment expenses	12,573		12,555		11,625		11,321		11,524			36,753		33,602
Data processing and telecommunications expenses	17,096		15,571		16,793		16,236		16,058			49,460		46,279
Other noninterest expenses	38,749		123,094		37,296		33,536		36,036			199,139		114,108
Total noninterest expense	158,748		242,714		157,080		143,090		154,566			558,542		460,860
Income before income tax expense	150,519		66,049		140,725		141,094		137,042			357,293		392,670
Income tax expense	34,426		14,603		30,233		32,738		31,013			79,262		88,872
Net income	$	116,093	$	51,446	$	110,492	$	108,356	$	106,029		$	278,031	$	303,798