Ameris BancorpABCB
Ameris Bancorp Segments Disclosure
SEGMENT REPORTING
The Company has the following four reportable segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division and Premium Finance Division. The Banking Division derives its revenues from the delivery of full-service financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division derives its revenues
from the origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division derives its revenues from the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The Premium Finance Division derives its revenues from the origination and servicing of commercial and life insurance premium finance loans.
The Banking, Retail Mortgage, Warehouse Lending and Premium Finance Divisions are managed as separate business units because of the different products and services they provide. The Company evaluates performance and allocates resources based on profit or loss from operations. There are no material intersegment sales or transfers.
The Chief Operating Decision Maker (“CODM”) within the Company is the Chief Executive Officer, who also serves as Chair of the Executive Committee and as a member of the Board of Directors. The CODM regularly receives a package of period end reports and works with management in making the necessary operating decisions, including allocation of resources. This includes evaluation of performance as measured by net income for each segment. Each segment that is reported has strategic planning, budgeting, and forecasting sessions at least annually with the CODM through executive management.
The following table presents selected financial information with respect to the Company’s reportable business segments for the years ended December 31, 2025, 2024 and 2023. Significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. There are no material intersegment sales or transfers:
| Year Ended December 31, 2025 | |||||||||||||||||||||||||||||
| (dollars in thousands) | Banking Division | Retail Mortgage Division | Warehouse Lending Division | Premium Finance Division | Total | ||||||||||||||||||||||||
| Interest income | $ | 968,606 | $ | 238,818 | $ | 70,673 | $ | 116,428 | $ | 1,394,525 | |||||||||||||||||||
| Interest expense | 188,069 | 155,452 | 42,776 | 71,305 | 457,602 | ||||||||||||||||||||||||
| Net interest income | 780,537 | 83,366 | 27,897 | 45,123 | 936,923 | ||||||||||||||||||||||||
| Provision for credit losses | 63,751 | 3,588 | 346 | 2,559 | 70,244 | ||||||||||||||||||||||||
| Noninterest income | 124,436 | 142,592 | 3,939 | 68 | 271,035 | ||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||
| Salaries and employee benefits | 248,600 | 88,355 | 2,292 | 9,621 | 348,868 | ||||||||||||||||||||||||
| Occupancy and equipment expenses | 41,592 | 3,154 | 28 | 149 | 44,923 | ||||||||||||||||||||||||
| Data processing and communications expenses | 56,645 | 5,235 | 208 | 427 | 62,515 | ||||||||||||||||||||||||
Other expenses(1) | 94,003 | 48,486 | 756 | 4,399 | 147,644 | ||||||||||||||||||||||||
| Total noninterest expense | 440,840 | 145,230 | 3,284 | 14,596 | 603,950 | ||||||||||||||||||||||||
| Income before income tax expense | 400,382 | 77,140 | 28,206 | 28,036 | 533,764 | ||||||||||||||||||||||||
| Income tax expense | 93,745 | 16,199 | 5,923 | 5,743 | 121,610 | ||||||||||||||||||||||||
| Net income | $ | 306,637 | $ | 60,941 | $ | 22,283 | $ | 22,293 | $ | 412,154 | |||||||||||||||||||
| Total assets | $ | 19,935,718 | $ | 4,661,294 | $ | 1,171,684 | $ | 1,747,183 | $ | 27,515,879 | |||||||||||||||||||
| Goodwill | $ | 951,148 | $ | — | $ | — | $ | 64,498 | $ | 1,015,646 | |||||||||||||||||||
| Other intangible assets, net | $ | 54,591 | $ | — | $ | — | $ | 233 | $ | 54,824 | |||||||||||||||||||
| Year Ended December 31, 2024 | |||||||||||||||||||||||||||||
| (dollars in thousands) | Banking Division | Retail Mortgage Division | Warehouse Lending Division | Premium Finance Division | Total | ||||||||||||||||||||||||
| Interest income | $ | 962,918 | $ | 236,670 | $ | 75,264 | $ | 103,432 | $ | 1,378,284 | |||||||||||||||||||
| Interest expense | 271,201 | 142,374 | 48,492 | 67,027 | 529,094 | ||||||||||||||||||||||||
| Net interest income | 691,717 | 94,296 | 26,772 | 36,405 | 849,190 | ||||||||||||||||||||||||
| Provision for credit losses | 60,434 | (2,799) | 275 | 883 | 58,793 | ||||||||||||||||||||||||
| Noninterest income | 121,972 | 167,031 | 4,209 | 45 | 293,257 | ||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||
| Salaries and employee benefits | 243,795 | 92,436 | 3,216 | 8,194 | 347,641 | ||||||||||||||||||||||||
| Occupancy and equipment expenses | 44,568 | 3,965 | 26 | 225 | 48,784 | ||||||||||||||||||||||||
| Data processing and communications expenses | 54,121 | 5,048 | 160 | 370 | 59,699 | ||||||||||||||||||||||||
Other expenses(1) | 96,049 | 50,209 | 976 | 4,436 | 151,670 | ||||||||||||||||||||||||
| Total noninterest expense | 438,533 | 151,658 | 4,378 | 13,225 | 607,794 | ||||||||||||||||||||||||
| Income before income tax expense | 314,722 | 112,468 | 26,328 | 22,342 | 475,860 | ||||||||||||||||||||||||
| Income tax expense | 83,503 | 23,618 | 5,529 | 4,525 | 117,175 | ||||||||||||||||||||||||
| Net income | $ | 231,219 | $ | 88,850 | $ | 20,799 | $ | 17,817 | $ | 358,685 | |||||||||||||||||||
| Total assets | $ | 18,954,256 | $ | 4,828,842 | $ | 983,229 | $ | 1,495,723 | $ | 26,262,050 | |||||||||||||||||||
| Goodwill | $ | 951,148 | $ | — | $ | — | $ | 64,498 | $ | 1,015,646 | |||||||||||||||||||
| Other intangible assets, net | $ | 67,721 | $ | — | $ | — | $ | 3,040 | $ | 70,761 | |||||||||||||||||||
| Year Ended December 31, 2023 | |||||||||||||||||||||||||||||
| (dollars in thousands) | Banking Division | Retail Mortgage Division | Warehouse Lending Division | Premium Finance Division | Total | ||||||||||||||||||||||||
| Interest income | $ | 913,439 | $ | 212,106 | $ | 71,110 | $ | 83,780 | $ | 1,280,435 | |||||||||||||||||||
| Interest expense | 224,543 | 123,804 | 47,271 | 49,773 | 445,391 | ||||||||||||||||||||||||
| Net interest income | 688,896 | 88,302 | 23,839 | 34,007 | 835,044 | ||||||||||||||||||||||||
| Provision for credit losses | 132,789 | 9,535 | (440) | 772 | 142,656 | ||||||||||||||||||||||||
| Noninterest income | 102,177 | 137,145 | 3,475 | 31 | 242,828 | ||||||||||||||||||||||||
| Noninterest expense | |||||||||||||||||||||||||||||
| Salaries and employee benefits | 228,399 | 80,317 | 2,794 | 8,600 | 320,110 | ||||||||||||||||||||||||
| Occupancy and equipment expenses | 46,232 | 4,899 | 5 | 314 | 51,450 | ||||||||||||||||||||||||
| Data processing and communications expenses | 48,155 | 4,836 | 171 | 324 | 53,486 | ||||||||||||||||||||||||
Other expenses(1) | 100,752 | 47,393 | 873 | 4,217 | 153,235 | ||||||||||||||||||||||||
| Total noninterest expense | 423,538 | 137,445 | 3,843 | 13,455 | 578,281 | ||||||||||||||||||||||||
| Income before income tax expense | 234,746 | 78,467 | 23,911 | 19,811 | 356,935 | ||||||||||||||||||||||||
| Income tax expense | 62,297 | 16,478 | 5,021 | 4,034 | 87,830 | ||||||||||||||||||||||||
| Net income | $ | 172,449 | $ | 61,989 | $ | 18,890 | $ | 15,777 | $ | 269,105 | |||||||||||||||||||
| Total assets | $ | 18,291,626 | $ | 4,916,753 | $ | 825,415 | $ | 1,169,905 | $ | 25,203,699 | |||||||||||||||||||
| Goodwill | $ | 951,148 | $ | — | $ | — | $ | 64,498 | $ | 1,015,646 | |||||||||||||||||||
| Other intangible assets, net | $ | 81,959 | $ | — | $ | — | $ | 5,990 | $ | 87,949 | |||||||||||||||||||
(1) Other expenses for each reportable segment include credit resolution-related expenses, advertising and marketing expenses, amortization of intangible assets, and loan servicing expenses.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 9, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Feb 29, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.