Ameris Bancorp reported a net income of $51.4 million, or $0.77 per diluted share, for the second quarter of 2026, a significant decrease from $109.8 million, or $1.60 per diluted share, in the same period of 2025. The company's return on average assets and average shareholders' equity also declined to 0.73% and 5.00%, respectively, compared to 1.65% and 11.40% in the prior year. The results for the latest quarter were impacted by an $82.5 million litigation expense related to a jury verdict in an employment case, alongside a $7.4 million gain on securities from the conversion of Visa Class B-2 shares.
In terms of financial performance, total interest income for the second quarter of 2026 rose to $365.6 million, up from $347.6 million in the same quarter of 2025. This increase was driven by a growth in average earning assets, which rose by $1.44 billion, or 5.81%, to $26.21 billion. However, the net interest margin improved slightly to 3.88%, up from 3.77% in the previous year. The provision for credit losses increased to $17.3 million from $2.8 million, reflecting a shift in the economic forecast and organic loan growth.
Ameris Bancorp's total assets increased to $28.49 billion as of June 30, 2026, compared to $27.52 billion at the end of 2025. The company’s loan portfolio also grew, with gross loans outstanding reaching $22.66 billion, an increase of $523.4 million from the previous period. The allowance for credit losses on loans was $359.5 million, representing 1.62% of total loans, consistent with the previous reporting period. Nonaccrual loans increased to $120.5 million, contributing to a slight rise in non-performing assets as a percentage of total assets to 0.47%.
Strategically, Ameris Bancorp continues to focus on its core banking operations while managing its risk exposure in commercial real estate and other lending segments. The company operates 163 branches across five states and has maintained a strong capital position, with a Tier 1 leverage ratio of 11.25% as of June 30, 2026. Looking ahead, Ameris Bancorp anticipates continued growth in its loan portfolio and a focus on managing credit quality amid evolving market conditions. The company remains committed to enhancing its operational efficiency and profitability while navigating the challenges posed by the current economic landscape.
About Ameris Bancorp
Ameris Bancorp is a financial holding company operating primarily through its subsidiary, Ameris Bank, which offers comprehensive banking services including commercial, residential, consumer, and agricultural loans, as well as deposit products. Serving retail and commercial customers mainly in Georgia, Alabama, Florida, North Carolina, and South Carolina, Ameris emphasizes personalized community banking, local market expertise, and a diversified loan portfolio to build strong customer relationships and maintain stable, low-cost core deposits.
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