Ameris Bancorp reported a net income of $109.8 million, or $1.60 per diluted share, for the second quarter of 2025, marking a significant increase from the $90.8 million, or $1.32 per diluted share, reported in the same period of 2024. The company's return on average assets and average shareholders' equity improved to 1.65% and 11.40%, respectively, compared to 1.41% and 10.34% in the prior year. For the first half of 2025, net income available to common shareholders reached $197.8 million, or $2.87 per diluted share, up from $165.1 million, or $2.39 per diluted share, in the same period of 2024.
Total interest income for the second quarter of 2025 was $347.6 million, slightly up from $347.3 million in the previous year. The net interest income increased to $231.8 million, compared to $211.9 million in the second quarter of 2024, driven by a decrease in interest expense from $135.4 million to $115.8 million. The provision for credit losses also saw a notable decline, amounting to $2.8 million in the second quarter of 2025, down from $18.8 million in the same quarter of 2024. This reduction was attributed to an updated economic forecast and a favorable shift in the loan portfolio mix.
In terms of operational developments, Ameris Bancorp's total assets increased to $26.68 billion as of June 30, 2025, compared to $26.26 billion at the end of 2024. The company’s loan portfolio grew to $21.04 billion, a 1.5% increase from $20.74 billion at the end of 2024. The total deposits also rose by $210.2 million, or 1.0%, to $21.93 billion, with noninterest-bearing deposits increasing by 4.7%. The company maintained a strong capital position, with a common equity Tier 1 capital ratio of 13.01% as of June 30, 2025.
Strategically, Ameris Bancorp continues to focus on enhancing its product offerings and expanding its market presence. The company operates 164 branches across Georgia, Alabama, Florida, North Carolina, and South Carolina, providing a full range of banking and lending services. The company’s mortgage banking activities generated $39.2 million in income during the second quarter, although this was a decrease from $46.4 million in the same period last year, reflecting a decline in production and gain on sale spreads.
Looking ahead, Ameris Bancorp anticipates continued growth in its loan portfolio and a stable economic environment, although it remains cautious about potential market fluctuations and credit risks. The company is committed to managing its interest rate risk and maintaining adequate liquidity to support its operations and growth strategies.
About Ameris Bancorp
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