Ameris Bancorp

Listed Company

ABCBCIK 0000351569NYSELarge AcceleratedState Commercial BanksGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$412.15M

Total Assets

$27.52B

Equity

$4.08B

Shares Out

67.88M

Op. Cash Flow

$390.18M

Business

Ameris Bancorp is a financial holding company that conducts its business primarily through its banking subsidiary, Ameris Bank, providing a full range of banking services to retail and commercial customers in the southeastern United States. It offers deposit products, commercial and consumer lending—including commercial real estate, residential mortgages, commercial and industrial, consumer and agricultural loans—investment securities, and funding solutions such as brokered deposits and FHLB advances. Its operations are organized between the parent holding company and the Bank, with national lines of business for equipment finance, premium finance and government-guaranteed lending. The Company distributes services through a network of full-service branches concentrated in Georgia, Alabama, Florida, North Carolina and South Carolina, and through secondary market sales and correspondent relationships.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	1,265	1,266	1,172	835	676
Interest on taxable securities	87	62	59	35	23
Interest on nontaxable securities	1	1	1	1	575,000
Interest on deposits in other banks	40	50	48	23	4
Total interest income	1,395	1,378	1,280	894	703
Interest on deposits	424	485	356	56	22
Interest on other borrowings	33	44	89	37	25
Total interest expense	458	529	445	93	—
Net interest income	937	849	835	801	655
Provision for loan losses	47	70	154	53	−35
Provision for unfunded commitments	23	−11	−11	19	—
Provision for other credit losses	6,000	0	−6,000	−139,000	−616,000
Provision for credit losses	70	59	143	72	—
Net interest income after provision for credit losses	867	790	692	729	691
Service charges on deposit accounts	55	51	47	44	45
Mortgage banking activity	147	160	140	185	—
Other service charges, commissions and fees	4	5	4	4	4
Net gain (loss) on securities	2	12	−304,000	203,000	515,000
Equipment finance activity	31	22	23	19	—
Other noninterest income	33	43	29	32	23
Total noninterest income	271	293	243	284	366
Salaries and employee benefits	349	348	320	320	338
Occupancy and equipment	45	49	51	51	48
Advertising and marketing	12	13	12	12	8
Amortization of intangible assets	16	17	18	20	15
Data processing and communications expenses	63	60	53	49	46
Legal and other professional fees	18	17	18	16	12
Credit resolution-related expenses	3	2	80,000	29,000	4
FDIC insurance	10	15	27	8	6
Loan servicing expenses	31	36	35	37	26
Other noninterest expenses	57	51	43	46	53
Total noninterest expense	604	608	578	561	560
Income before income tax expense	534	476	357	453	496
Income tax expense	122	117	88	107	119
Net income	412	359	269	347	377
Basic earnings per common share (in dollars per share)	6.02	5.21	3.9	5.01	5.43
Diluted earnings per common share (in dollars per share)	6	5.19	3.89	4.99	5.4
Basic (in shares)	68	69	69	69	69
Diluted (in shares)	69	69	69	69	70

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	254	245	230	285	308
Interest-bearing deposits in banks	835	975	937	834	3,737
Cash and cash equivalents	1,089	1,220	1,167	1,118	4,065
Debt securities available-for-sale, at fair value, net of allowance for credit losses of $75 and $69	2,207	1,671	1,403	1,500	593
Debt securities held-to-maturity, at amortized cost, net of allowance for credit losses of $0 and $0 (fair value of $189,873 and $144,028)	203	165	142	135	80
Other investments	85	66	72	111	48
Loans held for sale, at fair value	623	529	281	392	1,255
Loans, net of unearned income	21,514	20,740	20,269	19,855	15,874
Allowance for credit losses	−348	−338	−307	−206	−168
Loans, net	21,165	20,402	19,962	19,650	15,707
Other real estate owned, net	3	2	6	843,000	4
Premises and equipment, net	213	209	216	220	225
Goodwill	1,016	1,016	1,016	1,016	1,013
Other intangible assets, net	55	71	88	106	126
Cash value of bank owned life insurance	421	409	396	388	331
Other assets	436	502	455	416	413
Total assets	27,516	26,262	25,204	25,053	23,858
Noninterest-bearing	6,426	6,498	6,492	7,930	7,775
Interest-bearing	15,950	15,224	14,217	11,533	11,891
Total deposits	22,376	21,722	20,709	19,463	19,666
Other borrowings	558	292	510	1,876	740
Subordinated deferrable interest debentures, net	134	132	130	128	126
Other liabilities	372	364	429	389	354
Total liabilities	23,440	22,511	21,777	21,856	20,892
Commitments and Contingencies (Note 18)	—	—	—	—	—
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0 shares issued and outstanding	0	0	0	0	0
Common stock, par value $1; 200,000,000 shares authorized; 72,898,342 and 72,699,245 shares issued	73	73	73	72	72
Capital surplus	1,971	1,959	1,945	1,935	1,925
Retained earnings	2,210	1,853	1,540	1,311	1,006
Accumulated other comprehensive income (loss), net of tax	8	−30	−36	−47	16
Treasury stock, at cost, 4,876,026 and 3,630,636 shares	−187	−103	−95	−75	—
Total shareholders equity	4,076	3,752	3,427	3,197	2,966
Total liabilities and shareholders equity	27,516	26,262	25,204	25,053	23,858

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion, net	30	37	35	41	—
Net (gains) losses on sale or disposal of premises and equipment	19,000	1	−2	156,000	3
Net write-downs on premises and equipment	0	−121,000	0	0	—
Provision for credit losses	70	59	143	72	—
Net write-downs and (gains) losses on sale of other real estate owned	171,000	532,000	−2	−2	538,000
Share-based compensation expense	13	13	10	7	8
Amortization of operating lease right of use assets	9	10	11	13	16
Provision for deferred taxes	−11	−20	−20	−36	38
Loan servicing asset impairment	910,000	0	0	−22	−15
Originations of mortgage loans held for sale	−4,282	−4,420	−3,621	−3,950	−7,780
Payments received on mortgage loans held for sale	31	20	15	23	53
Proceeds from sales of mortgage loans held for sale	4,202	4,179	3,695	4,494	7,459
Net (gains) losses on mortgage loans held for sale	−53	−41	2	93	−152
Originations of SBA loans	−29	−29	−27	−46	−68
Proceeds from sales of SBA loans	30	33	30	57	72
Net gains on sales of SBA loans	−2	−4	−2	−6	—
Increase in cash surrender value of bank owned life insurance	−14	−12	−9	−7	−5
Gain on bank owned life insurance proceeds	−621,000	−1	−486,000	−55,000	−603,000
Loss (gain) on sale of mortgage servicing rights	660,000	−10	0	−1	0
Loss (gain) on debt redemption	437,000	890,000	−1	0	—
Increase in interest receivable	−5	−747,000	−10	−20	19
Increase (decrease) in interest payable	−4	−11	27	6	−1
Increase (decrease) in taxes payable	−20	30	2	5	7
Change attributable to other operating activities	12	−25	22	−5	247,000
Net cash provided by operating activities	390	154	569	1,062	9
Purchases of securities available-for-sale	−1,015	−693	−31	−1,172	0
Purchases of securities held-to-maturity	−44	−26	−9	−57	−80
Proceeds from prepayments and maturities of securities available-for-sale	493	435	142	187	365
Proceeds from prepayments and maturities of securities held-to-maturity	6	3	2	2	465,000
Proceeds from sale of securities available-for-sale	45	0	5	0	0
Net (increase) decrease in other investments	−19	17	38	−64	−19
Net increase in loans	−837	−611	−485	−3,345	—
Proceeds from sale of mortgage servicing rights	24	82	0	120	0
Purchases of premises and equipment	−21	−13	−18	−14	−25
Proceeds from sale of premises and equipment	172,000	250,000	4	46,000	2
Proceeds from sales of other real estate owned	7	15	11	5	12
Purchase of bank owned life insurance	0	−110	0	−50	−150
Proceeds from bank owned life insurance	58	55	2	101,000	1
Net cash used in investing activities	−1,303	−847	−338	−4,875	−421
Net increase in deposits	654	1,014	1,246	−203	2,708
Proceeds from other borrowings	8,163	6,308	15,842	3,950	0
Repayment of other borrowings	−7,897	−6,527	−17,208	−2,815	−296
Proceeds from exercise of stock options	0	0	476,000	3	5
Dividends paid - common stock	−55	−41	−42	−42	−42
Purchase of treasury shares	−83	−8	−20	−22	−9
Net cash provided by (used in) financing activities	781	746	−182	866	2,359
Net increase (decrease) in cash and cash equivalents	−131	53	49	−2,947	1,947
Interest	462	540	418	87	49
Loans transferred to other real estate owned	8	11	14	346,000	4
Loans transferred from loans held for sale to loans held for investment	22	15	0	197	170
Loans transferred from loans held for investment to loans held for sale	15	0	0	0	0
Right-of-use assets obtained in exchange for new operating lease liabilities	3	5	3	7	13
Security purchases settled in a subsequent period	500,000	0	0	—	—

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