Ameris Bancorp (ABCB) Investor presentation summary

Investment rationale and performance highlights

• Maintains a stable deposit base with 31.0% noninterest-bearing deposits and a diversified loan portfolio across geographies and products.

• Achieves top-tier financial results, including a 1.65% ROA, 15.8% ROTCE, and 3.77% net interest margin in 2Q25.

• Focuses on shareholder value, with tangible book value growing at a 15% annualized rate over five years.

• Operates in Southeast markets projected to grow 1.7x faster than the national average.

• Led by an experienced executive team with a disciplined approach to credit, liquidity, expense control, and capital.

Financial and operating results

• Reported 2Q25 net income of $109.8 million ($1.60 per diluted share), with ROA of 1.65% and ROTCE of 15.82%.

• Net interest margin expanded to 3.77%, and efficiency ratio improved to 51.63%.

• Total revenue increased $14.9 million (20.9% annualized) from 1Q25, with loan growth of $335 million (6.5% annualized).

• Noninterest-bearing deposits remained strong at 31.0% of total deposits.

• Annualized net charge-offs improved to 0.14% of average total loans.

Revenue and expense management

• Net interest income (TE) grew by $10.0 million in 2Q25, with average earning assets up 9.3% annualized.

• Mortgage banking activity contributed 13% of total revenue, with gain on sale margin rising to 2.22%.

• Efficiency ratio improved by 120bps from 1Q25, reflecting disciplined expense control.

• Total noninterest expense increased $4.2 million, mainly due to higher salaries, benefits, and marketing.