Ameris Bancorp Reports Strong Q2 2026 Performance with High Profitability and Organic Growth
Ameris Bancorp delivered strong financial results for the second quarter of 2026, achieving an adjusted return on assets (ROA) of 1.53% and a PPNR ROA of 2.24%. The bank reported nearly $1 billion in organic balance sheet growth over the first half of the year, driven by a 24% increase in loan production compared to the prior year. It maintained positive operating leverage with adjusted revenue up 6%, while expenses rose only 3%, resulting in an efficiency ratio of 50.4%. The bank also expanded its geographic footprint into Nashville and reported stable credit quality with net charge-offs at 20 basis points. Looking ahead, Ameris anticipates slight compression in the net interest margin due to increased deposit competition and higher funding costs. It expects mid-single-digit growth for loans and deposits this year but noted that deposit acquisition will be a limiting factor for lending expansion. The bank also recorded an $82.5 million litigation accrual following a jury verdict, which it plans to appeal. Additionally, Ameris repurchased shares totaling $19 million in Q2 as part of its capital return strategy.
Tickers: $ABCB
Topics: balance sheet growth banking credit quality efficiency ratio profitability