Ameris Bancorp announced its unaudited financial results for the third quarter of 2026 on October 22, 2026. The company reported net income of $116.1 million, or $1.73 per diluted share, for the quarter ended September 30, 2026. This figure represents an increase compared to the same period in 2025, which saw net income of $106.0 million, or $1.54 per diluted share.
For the year-to-date period ending September 30, 2026, the company reported net income of $278.0 million, or $4.13 per diluted share, compared to $303.8 million, or $4.41 per diluted share, for the same period in 2025.
Key financial metrics for the third quarter included a return on average assets of 1.61% and a return on average tangible common equity of 15.01%. The efficiency ratio was reported at 49.32%. The company also noted growth in average earning assets of $300.5 million, or 4.5% annualized, and loan growth of $173.1 million, or 3.1% annualized. Deposits increased by $319.4 million, or 5.6% annualized.
Net interest income on a tax-equivalent basis was $258.6 million, an increase of $19.7 million compared to the third quarter of 2025. The net interest margin was reported at 3.87%. Noninterest income decreased by $9.4 million, or 12.7%, to $64.2 million, driven by a decrease in gain on securities and mortgage banking activity. Noninterest expense decreased by $84.0 million, or 34.6%, to $158.7 million, largely due to a decline in litigation expense accruals.
On the balance sheet, total assets were $28.55 billion as of September 30, 2026. Total deposits stood at $22.91 billion. The company’s allowance for credit losses on loans was 1.62% of loans, and the net charge-off ratio was 19 basis points. The company’s board of directors authorized the repurchase of up to $200.0 million of outstanding common stock on October 16, 2026, with repurchases authorized through October 31, 2027.
Ameris Bancorp will host a teleconference at 9:00 a.m. Eastern time on Friday, October 23, 2026, to discuss these results.
