Ameris Bancorp Reports $106M Net Income for Q3 2025, Up 6% Year-Over-Year

Ameris Bancorp reported a net income of $106.0 million, or $1.54 per diluted share, for the third quarter of 2025, reflecting a 6.0% increase from $99.2 million, or $1.44 per diluted share, in the same period of 2024. The company's return on average assets and average shareholders' equity improved to 1.56% and 10.61%, respectively, compared to 1.49% and 10.91% in the prior year. For the nine months ended September 30, 2025, net income reached $303.8 million, or $4.41 per diluted share, up from $264.3 million, or $3.83 per diluted share, in the same period of 2024.

Total assets increased to $27.1 billion as of September 30, 2025, up from $26.3 billion at the end of 2024. The growth was driven by a rise in loans, which reached $21.3 billion, an increase of $518.5 million, or 2.5%, from the previous year-end. The allowance for credit losses on loans was $345.3 million, or 1.62% of total loans, slightly down from 1.63% at the end of 2024. The company also reported a decrease in nonaccrual loans to $97.0 million, down from $102.2 million at the end of 2024.

In terms of operational developments, Ameris Bancorp's total deposits rose by $505.6 million, or 2.3%, to $22.23 billion, with noninterest-bearing deposits increasing by 4.0%. The company also saw a significant increase in its investment securities portfolio, which grew to $2.13 billion from $1.67 billion at the end of 2024. The bank's branch network expanded to 164 locations across Georgia, Alabama, Florida, North Carolina, and South Carolina.

The company’s strategic focus on enhancing its mortgage banking activities yielded a 7.2% increase in income from this segment, totaling $40.7 million in the third quarter of 2025. However, total noninterest income for the nine months decreased by 6.7% to $209.2 million, primarily due to lower gains on the sale of mortgage servicing rights and securities. Noninterest expenses increased slightly by 1.1% to $460.9 million, driven by higher salaries and employee benefits, while occupancy and equipment expenses decreased.

Looking ahead, Ameris Bancorp anticipates continued growth in its loan portfolio and a stable economic environment, although it remains cautious about potential credit risks stemming from changing market conditions. The company is committed to maintaining its capital ratios above regulatory requirements, with a Tier 1 leverage ratio of 11.39% as of September 30, 2025, indicating a strong capital position to support future growth initiatives.