Ameris Bancorp (ABCB) Q4 2025 earnings summary

Executive summary

• Achieved record full-year net income of $412.2 million ($6.00 per diluted share), up 15% year-over-year, with Q4 net income of $108.4 million ($1.59 per share).

• ROA was 1.54% for the year and 1.57% for Q4; ROTCE was 14.51% for the year.

• Tangible book value per share grew $5.59, or 14.5% year-over-year, reaching $44.18.

• Significant share repurchases: $77 million for the year, with $200 million authorized and $159.2 million remaining at year-end.

• Focused on organic growth, capital returns, and maintaining a strong presence in high-growth Southeastern markets.

Financial highlights

• Net interest income increased $87.7 million, or 10.3% year-over-year, reaching $940.7 million for the year; Q4 net interest income was $246.3 million.

• Net interest margin expanded to 3.85% in Q4 and 3.79% for the year.

• Efficiency ratio improved to 46.59% in Q4 and 50.00% for the year.

• Tangible common equity to tangible assets ratio improved to 11.37% from 10.59% a year ago.

• Earning assets grew $1.32 billion for the year.

Outlook and guidance

• Expecting slight margin compression in coming quarters due to deposit cost pressures.

• Projecting mid-single-digit loan and deposit growth, with deposit growth governing loan growth.

• Anticipate net charge-offs in the 20-25 basis point range for 2026.

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

• First quarter expenses expected to rise due to payroll taxes and 401(k) contributions.