Quarterly ResultMay 8, 2026, 10:37 AM
Ameris Bancorp Q1 Net Income +25.6% to $110.5M; EPS $1.64
AI Summary
Ameris Bancorp reported a strong first quarter for 2026, with net income increasing by 25.6% to $110.5 million and diluted earnings per share rising by 28.3% to $1.63 compared to the prior year. The company also saw growth in its balance sheet, with total assets reaching $28.11 billion, total deposits increasing to $22.64 billion, and loans growing to $21.83 billion. Net interest income also showed a significant increase.
Key Highlights
- Net income for Q1 2026 increased 25.6% to $110.5 million from $87.9 million in Q1 2025.
- Diluted earnings per common share rose 28.3% to $1.63 in Q1 2026 from $1.27 in Q1 2025.
- Total assets grew 2.2% to $28.11 billion as of March 31, 2026, from $27.52 billion at December 31, 2025.
- Total deposits increased 1.2% to $22.64 billion as of March 31, 2026, from $22.38 billion at December 31, 2025.
- Loans, net of unearned income, increased 1.5% to $21.83 billion as of March 31, 2026, from $21.51 billion at December 31, 2025.
- Net interest income for Q1 2026 increased 10.2% to $244.4 million from $221.8 million in Q1 2025.
- Provision for credit losses decreased 24.4% to $16.6 million in Q1 2026 from $21.9 million in Q1 2025.
- Ameris Bancorp declared a common stock dividend of $0.20 per share for Q1 2026.
Price Impact
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