Revenue: As of FY2026 Q2, the actual value is USD 326.02 M.

EPS: As of FY2026 Q2, the actual value is USD 0.77, missing the estimate of USD 1.66.

EBIT: As of FY2026 Q2, the actual value is USD 66.05 M.

Net Income

Ameris Bancorp reported a net income of $51,446 thousand in Q2 2026, representing a -53% decrease from $110,492 thousand in Q1 2026 and a -53% decrease from $109,834 thousand in Q2 2025. For the year-to-date 2026, net income was $161,938 thousand, a -18% decrease from $197,769 thousand in year-to-date 2025.

Adjusted Net Income

Adjusted net income for Q2 2026 was $107,309 thousand, a -3% decrease from $110,492 thousand in Q1 2026 and a -2% decrease from $109,461 thousand in Q2 2025. Year-to-date adjusted net income for 2026 was $217,801 thousand, an increase of 10% from $197,470 thousand in year-to-date 2025.

Return on Assets (ROA)

The company’s return on assets (ROA) was 0.73% in Q2 2026, marking a -55% decrease from 1.62% in Q1 2026 and a -56% decrease from 1.65% in Q2 2025. Year-to-date 2026 ROA was 1.17%, a -22% decrease compared to 1.51% in year-to-date 2025.

Adjusted Return on Assets (Adjusted ROA)

Adjusted ROA was 1.53% in Q2 2026, a -6% decrease from 1.62% in Q1 2026 and a -7% decrease from 1.64% in Q2 2025. Year-to-date adjusted ROA for 2026 was 1.57%, an increase of 5% from 1.50% in year-to-date 2025.

Return on Tangible Common Equity (ROTCE)

Return on tangible common equity (ROTCE) was 6.75% in Q2 2026, a -54% decrease from 14.75% in Q1 2026 and a -57% decrease from 15.82% in Q2 2025. Year-to-date 2026 ROTCE was 10.71%, a -26% decrease compared to 14.50% in year-to-date 2025.

Adjusted Return on Tangible Common Equity (Adjusted ROTCE)

Adjusted ROTCE was 14.08% in Q2 2026, a -5% decrease from 14.75% in Q1 2026 and an -11% decrease from 15.77% in Q2 2025. Year-to-date adjusted ROTCE for 2026 was 14.41%, a -1% decrease from 14.48% in year-to-date 2025.

Revenue and Net Interest Margin

Revenue growth was 14.9% annualized in Q2 2026, with adjusted revenue growth at 4.4%. The net interest margin (TE) remained stable at 3.88% in Q2 2026, consistent with Q1 2026, and up 3% from 3.77% in Q2 2025. Net interest income (TE) increased by $8.0 million in Q2 2026. Noninterest income increased by $3.6 million in Q2 2026, primarily due to a $7.4 million gain on securities.

Operating Costs and Efficiency

The efficiency ratio was 74.45% in Q2 2026, a 49% increase from 49.97% in Q1 2026 and a 44% increase from 51.63% in Q2 2025. The adjusted efficiency ratio was 50.42% in Q2 2026, a 1% increase from 49.97% in Q1 2026 and a -3% decrease from 51.74% in Q2 2025. Adjusted total expenses increased by $3.1 million in Q2 2026 compared to Q1 2026.

Earning Assets and Loans

Average earning assets grew by $544.6 million, or 8.5% annualized, in Q2 2026. Loan growth was $349.9 million, or 6.4% annualized, during Q2 2026. Loan production remained strong at $2.4 billion in Q2 2026, a 24% increase from $1.9 billion in Q2 2025.

Deposits

Average deposits increased by $243.4 million, or 4.4% annualized, in Q2 2026. Total deposits decreased by $49.2 million, or 0.9% annualized, at June 30, due to quarter-end customer activity. Noninterest-bearing deposits increased by $33.9 million, with the noninterest-bearing to total deposit ratio improving to 30.0%.

Capital and Shareholder Value

The tangible book value grew by $0.31 per share, or 2.8% annualized, reaching $45.10 at June 30, 2026. The TCE ratio was 11.0% and the CET1 ratio was 12.8% as of Q2 2026. Ameris Bancorp repurchased $19.0 million of common shares (226,600 shares) in Q2 2026 and $93.8 million year-to-date.

Credit Quality

The Allowance for Credit Losses (ACL) on loans totaled $359.5 million, or 1.62%, at Q2 2026. The company recorded a provision expense of $17.3 million in Q2 2026. Annualized net charge-offs declined to 0.20% of average total loans in Q2 2026. Nonperforming assets (NPAs), excluding GNMA mortgages, remained low at 0.35% of total assets.

Outlook

Ameris Bancorp expects earnings to contribute between 25 and 35 basis points to capital each quarter. This outlook assumes a flat balance sheet for the period.