Ameris Bancorp (ABCB) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $106.0 million ($1.54 per diluted share), up from $99.2 million ($1.44 per share) in Q3 2024, with ROA at 1.56% and ROTCE at 14.57%.

• Tangible book value per share grew 15.2% annualized to $42.90.

• Net interest margin expanded to 3.80%, among the top in the industry, and the efficiency ratio improved to 49.19%.

• Revenue growth was 18% annualized, with a modest decline in expenses and improved operating leverage.

• Optimism for continued growth into 2025 and 2026, leveraging disruption and expansion opportunities in Southeastern markets.

Financial highlights

• Net interest income for Q3 2025 rose 11.1% year-over-year to $238.9 million; net interest margin increased to 3.80% from 3.51%.

• Total assets reached $27.1 billion at September 30, 2025, with loans at $21.26 billion and deposits at $22.23 billion.

• Allowance for credit losses on loans was 1.62% of total loans, with net charge-offs at 0.14% annualized.

• Noninterest income for Q3 2025 was $76.3 million, up 9.4% year-over-year, driven by equipment finance, derivative fees, and securities gains.

• Tangible common equity to tangible assets ratio was 11.31%.

Outlook and guidance

• Management expects to leverage robust capital and strong deposit growth to pursue further expansion in the Southeast in 2026 and beyond.

• Asset sensitivity remains near neutral, preparing for potential FOMC rate changes.

• Loan and deposit growth anticipated in the mid-single-digit range, with potential for higher growth if market conditions improve.

• Efficiency ratio expected to return above 50% in the fourth quarter.

• Interest rate risk and credit quality remain key areas of monitoring, with simulation models indicating manageable net interest income sensitivity to rate changes.