EX-99.1 2 exhibit991pressreleasedate.htm EX-99.1

新聞公告

abc銀行宣佈2024年第三季度財務業績。

2024年第三季Ameris的結果亮點如下：

•凈利潤為9920萬美元，每股稀釋約1.44美元；

•凈利潤調整後(1) 淨利潤為9520萬美元，每股稀釋股息為1.38美元

•平均資產收益率（"ROA"）為 1.49%；調整後的ROA(1) 為1.43%

•稅前、前置款淨營業收入（PPNR）ROA(1) 為1.99%;

•有形帳面價值增長為每股1.72美元，年化增長率為19.1％，截至2024年9月30日為37.51美元(1) 每股1.72美元，或年化19.1％，到2024年9月30日為止為37.51美元

•TCE比率(1) 為10.24%，較一年前的9.11%高

•完成了賣出一批按揭服務權（"MSR"）的交易，實現收益520萬美元，並將對GNMA未應計利息貸款的風險降低8540萬美元

•網鎖定於這個區域2024年第三季度的利潤率為3.51%

•平均收入資產增長45480萬美元，年增率7.6%。

•總存款增長43510萬美元，年增率為8.1%。

•貸款損失準備金在2024年9月30日保持在貸款的1.60%。

•年化凈核銷下降至 0.15% 的平均總貸款

2024年10月24日，喬治亞州亞特蘭大 - abc銀行（紐交所股票代號：ABCB）（以下簡稱“本公司”） 今日公佈截至2024年9月30日季度的凈利潤為9920萬美元，每股稀釋盈利1.44美元，較2023年9月30日季度的8010萬美元，每股稀釋盈利1.16美元有所增長。 除去MSR售出收益和自然災害支出，調整後的凈利潤(1) 為9520萬美元，每股稀釋盈利1.38美元，截至2024年9月30日季度，較2023年9月30日季度的8010萬美元，每股稀釋盈利1.16美元，有所增長。

截至2024年9月30日的年初至今的時期，公司報告了凈利潤為 26430萬，或 $3.83 每股稀釋股份，相比之下 20320萬，或每股稀釋股份為2.94美元，與2023年同期相比。截至2024年9月30日的年初至今的時期包括信用損失預備 4600萬，相比之下 11970萬美元 相同時期在2023年。

關於公司的業績評論，帕爾默·普羅克特，公司的首席執行官，表示：“本季度的良好財務表現反映了我們的核心特許經營價值、對股東回報的嚴格關注和對客戶的承諾。我們實現了核心存入資金的增長，出售了額外的MSR獲利，減少了GNMA的不應計息曝險，並使本季度的有形股東權益增長了19%以上的年率。我們正以強勁的步伐積累資本，我們的TCE比率現在超過10%， CET1比率為12%。我們一直致力於東南市場，這些市場繼續增長和蓬勃發展。”

凈利息收益和凈利息收益率

在2024年第三季度，稅前等效基礎下的淨利息收益為21500萬美元。 與上一季相比增加210萬美元，增幅為1.0%。相較於2023年第三季度，公司的凈利息收益率在2024年第三季度為3.51%，較2024年第二季度的3.58%和2023年第三季度的3.54%有所下降。本季度凈利息收益率的下降主要是由於證券收益減少以及籌資成本增加所致。在2024年第二季度，公司承認與通脹調整有關的約230萬美元，對利潤率產生了約0.04%的正影響。

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受保護證券和提前償還債券時的加速貼現。與2023年同期相比，凈利息收益率下降，這是由於過去一年存入資金成本的整體上升所致，部分抵銷了賺取資產收益的增加。

盈利資產收益率下降五 基準點撥打四分之一 to 5.81%，與 2024 年第二季的 5.86% 相比。這一下降主要與上述 2024 年第二季度記錄的 2.300 萬美元債券收入有關。收入資產收益率增加 相較於 19 個基點 二零二三年第三季度為 5.62%。在 2024 年第三季，貸款收益率上升至 6.01%，而 2024 年第二季的 6.00% 和 2023 年第三季則為 5.81%。

公司在 2024 年第三季總資金成本為 2.50％，含兩個和 26 個基礎的便利性 分別與 2024 年第二季和 2023 年第三季度相比。存款成本只增加七次 2024 年第三季度的基點至 2.39%， 與二零二四年第二季度的 2.32％ 相比。持息存款成本於本季度由 2024 年第二季的 3.37% 上升至 2024 年第三季度為 3.44%，反映了貨幣市場和經紀存款賬戶餘額和成本的增長。

非利息收入

非利息收入 de增加 19.0 萬美元，或 21.4%，在 2024 年第三季度達到 69.7 億美元，而 2022 年第二季的 88.7 億美元， 主要是由於證券收益和按揭收入下降的結果。 第二 2024 年的季度包括轉換 Visa B 類股票的收益為 12.6 萬美元，而在年度沒有增加。 2024 年第三季度。 按揭銀行業務 下降 2024 年第三季度增加了 8.5 百萬美元，或 18.2%，至 37.9 萬美元，而該地區的比例為 46.4 億美元 第二 2024 年的季度。 銷售收益點差由 2024 年第二季的 2.45% 下降至 2024 年第三季的 2.17%。零售按揭部門的總產量下降 170.1 萬美元，或 12.8%，至 1.16 億美元 在 2024 年第三季度，與 2024 年第二季的 1.333 億美元相比。在 2024 年第三季度末，零售按揭開放管道為 813.7 萬美元，而 2024 年第二季的 802.2 億美元。包括在其他非利息收入中 在二零二四年第三季度 出售按揭服務權的收益為 5.2 百萬元，較 4.7 百萬元 適用於 第二 2024 年的季度。

非利息支出

非利息費用下降 360萬美元，或2.3％，至2024年第三季度的15180萬美元，較2024年第二季度的15540萬美元減少。在2024年第三季度，公司記錄了$150,000的自然災害費用。在2024年第二季度，公司記錄了FDIC特別評估費用減少$895,000。除去這些項目，調整後費用(1) 下降約 460萬美元，或3.0％，至2024年第三季度的15160萬美元，較2024年第二季度的15630萬美元。調整後費用下降 是由於2024年第二季度開始出售按揭服務權導致的(1) 120萬美元的貸款服務費用下降 。這是由於2024年第二季度開始出售抵押服務權所導致的。另外促成調整支出減少的還有我們設備融資部門額外100萬美元的遞延起始成本以及問題貸款支出100萬美元的減少。管理層繼續專注於運營效率，且調整後的效率比率(1) 在2024年第三季，調整後的效率比率提升至54.25%，較2024年第二季的55.00%有所改善。

所得稅費用

2024年第三季度，該公司的有效稅率為 21.2%，相較於2024年第二季度的28.2%。2024年第二季度的稅費中包括與某些BOLI保單終止相關的480萬美元支出。

資產負債表趨勢

截至二零二四年九月三十日的總資產為 26.40 億美元，而 2023 年 12 月 31 日的總資產為 25.20 億美元。可供出售的債務證券於 2023 年 12 月 31 日的 1.40 億美元增加至 1.44 億元。貸款（除非入息收入淨額）增加 695.7 萬美元，或 4.6% 年化， 在二零二四年九月三十日，至二零二零年十二月三十一日為二千二千二百七十億元。持有供出售貸款增加 to 2024 年 9 月 30 日的 553.4 萬美元，由二零二三年十二月三十一日的 281.3 萬美元。

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截至2024年9月30日，總存入資金達到218.8億美元，與2023年12月31日的207.1億美元相比。2024年第三季度，存入資金增長了 43510萬美元，非利息軸承帳戶增加了 2110萬美元，貨幣市場帳戶增加8360萬美元，零售CD增加6040萬美元， 經紀CD增加了 40370萬美元, 這種增長部分由1260萬美元的減少抵消，在儲蓄賬戶上以及12100萬美元的減少在 利息軸承的活期賬戶。 無利息的賬戶作為總存款的百分比變化不大，因此截至2024年9月30日，無利息的存款賬戶佔66.7億美元，或者 30.5% 總存款的百分比，與2023年12月31日的64.9億美元，即31.3%的總存款相比。

Shareholders’ equity at September 30, 2024 totaled $3.68 billion, an increase of $254.6 million, or 7.4%, from December 31, 2023.  The increase in shareholders’ equity was primarily the result of earnings of $264.3 million during the first nine months of 2024, partially offset by dividends declared, share repurchases and an improvement in other comprehensive loss of $20.2 million resulting from changes in interest rates on the Company's investment portfolio. Tangible book value per share(1) increased $3.87 per share, or 15.4% annualized, during the first nine months of 2024 to $37.51 at September 30, 2024. Tangible common equity as a percentage of tangible assets was 10.24% at September 30, 2024, compared with 9.64% at the end of 2023. The Company had no repurchases of its shares in the quarter ending September 30, 2024.

Credit Quality

During the third quarter of 2024, the Company recorded a provision for credit losses of $6.1 million, keeping the allowance for credit losses at 1.60% of loans, compared with a provision of $18.8 million in the second quarter of 2024. Nonperforming assets as a percentage of total assets improved 30 basis points to 0.44% during the quarter. Approximately $8.2 million, or 7.0%, of the nonperforming assets at September 30, 2024 were GNMA-guaranteed mortgage loans, which have minimal loss exposure. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets increased two basis points to 0.41% at September 30, 2024, compared with 0.39% at the second quarter of 2024. The Company sold a pool of MSRs during the third quarter of 2024 which reduced exposure to nonperforming GNMA-guaranteed mortgage loans by $85.4 million. The net charge-off ratio improved to 15 basis points for the third quarter of 2024, from 18 basis points in the second quarter of 2024.

Share Repurchase Program

The Company's board of directors, on October 18, 2024, authorized the Company to repurchase up to $100.0 million of its outstanding common stock. Repurchases of shares, which are authorized to occur through October 31, 2025, will be made, if at all, in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including share acquisition price, regulatory limitations and other market and economic factors. The program does not require the Company to repurchase any specific number of shares. The board's authorization is a continuation of and increase in the Company's previously announced share repurchase program which was set to expire on October 31 and under which the Company has repurchased $8.3 million of its outstanding common stock in the past 12 months.

Conference Call

The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, October 25, 2024, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-481-2939. The conference call ID is Ameris Bancorp. A replay of the call will be available beginning one hour after the end of the conference call until November 1, 2024. To listen to the replay, dial 1-877-344-7529. The conference replay access code is 1525671. The financial information discussed will be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com. Participants also may listen to a live webcast of the presentation by visiting the link on the Investor Relations page of the Ameris Bank website.

About Ameris Bancorp

Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and also serves consumer and business customers nationwide through select lending channels. Ameris manages $26.4 billion in assets as of September 30, 2024, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.

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(1) Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9E.

This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management uses these non-GAAP financial measures in its analysis of the Company’s performance. These measures are useful when evaluating the underlying performance and efficiency of the Company’s operations and balance sheet. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company’s management believes that investors may use these non-GAAP financial measures to evaluate the Company’s financial performance without the impact of unusual items that may obscure trends in the Company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies.

This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin, investment security valuations and other performance measures; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy; competitive pressures on product pricing and services; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements.

For more information, contact:

Brady Gailey

Executive Director of Corporate Development

(404) 240-1517

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Financial Highlights			Table 1
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands except per share data)			2024						2024						2024						2023						2023						2024						2023
EARNINGS
Net income			$	99,212					$	90,785					$	74,312					$	65,934					$	80,115					$	264,309					$	203,171
Adjusted net income(1)			$	95,187					$	80,763					$	75,612					$	73,568					$	80,115					$	251,562					$	202,685
COMMON SHARE DATA
Earnings per share available to common shareholders
Basic			$	1.44					$	1.32					$	1.08					$	0.96					$	1.16					$	3.84					$	2.94
Diluted			$	1.44					$	1.32					$	1.08					$	0.96					$	1.16					$	3.83					$	2.94
Adjusted diluted EPS(1)			$	1.38					$	1.17					$	1.10					$	1.07					$	1.16					$	3.64					$	2.93
Cash dividends per share			$	0.15					$	0.15					$	0.15					$	0.15					$	0.15					$	0.45					$	0.45
Book value per share (period end)			$	53.30					$	51.64					$	50.42					$	49.62					$	48.41					$	53.30					$	48.41
Tangible book value per share (period end)(1)			$	37.51					$	35.79					$	34.52					$	33.64					$	32.38					$	37.51					$	32.38
Weighted average number of shares
Basic			68,798,093						68,824,150						68,808,393						68,824,004						68,879,352						68,811,727						69,023,201
Diluted			69,066,298						69,013,834						69,014,116						69,014,793						68,994,247						69,031,666						69,129,921
Period end number of shares			69,067,019						69,066,573						69,115,263						69,053,341						69,138,461						69,067,019						69,138,461
Market data
High intraday price			$	65.40					$	51.18					$	53.99					$	53.84					$	45.34					$	65.40					$	50.54
Low intraday price			$	48.21					$	44.23					$	44.00					$	34.26					$	33.21					$	44.00					$	28.33
Period end closing price			$	62.39					$	50.35					$	48.38					$	53.05					$	38.39					$	62.39					$	38.39
Average daily volume			379,896						301,784						407,898						390,190						361,167						362,808						429,170
PERFORMANCE RATIOS
Return on average assets			1.49		%				1.41		%				1.18		%				1.03		%				1.25		%				1.36		%				1.07		%
Adjusted return on average assets(1)			1.43		%				1.25		%				1.20		%				1.15		%				1.25		%				1.30		%				1.07		%
Return on average common equity			10.91		%				10.34		%				8.63		%				7.73		%				9.56		%				9.98		%				8.26		%
Adjusted return on average tangible common equity(1)			14.99		%				13.35		%				12.88		%				12.81		%				14.35		%				13.77		%				12.46		%
Earning asset yield (TE)			5.81		%				5.86		%				5.73		%				5.69		%				5.62		%				5.80		%				5.46		%
Total cost of funds			2.50		%				2.48		%				2.41		%				2.32		%				2.24		%				2.46		%				1.96		%
Net interest margin (TE)			3.51		%				3.58		%				3.51		%				3.54		%				3.54		%				3.53		%				3.63		%
Efficiency ratio			53.49		%				51.68		%				55.64		%				56.80		%				52.21		%				53.52		%				52.64		%
Adjusted efficiency ratio (TE)(1)			54.25		%				55.00		%				54.56		%				52.87		%				52.02		%				54.61		%				52.49		%
CAPITAL ADEQUACY (period end)
Shareholders' equity to assets			13.94		%				13.45		%				13.58		%				13.60		%				13.02		%				13.94		%				13.02		%
Tangible common equity to tangible assets(1)			10.24		%				9.72		%				9.71		%				9.64		%				9.11		%				10.24		%				9.11		%
OTHER DATA (period end)
Full time equivalent employees
Banking Division			2,056						2,073						2,082						2,088						2,082						2,056						2,082
Retail Mortgage Division			592						595						596						595						601						592						601
Warehouse Lending Division			9						9						8						7						8						9						8
Premium Finance Division			76						74						73						75						78						76						78
Total Ameris Bancorp FTE headcount			2,733						2,751						2,759						2,765						2,769						2,733						2,769
Branch locations			164						164						164						164						164						164						164
Deposits per branch location			$	133,410					$	130,757					$	128,033					$	126,271					$	125,551					$	133,410					$	125,551
(1)Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9E

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Income Statement			Table 2
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands except per share data)			2024						2024						2024						2023						2023						2024						2023
Interest income
Interest and fees on loans			$	325,622					$	317,664					$	303,393					$	303,487					$	304,699					$	946,679					$	868,675
Interest on taxable securities			15,555						16,948						13,092						14,033						14,754						45,595						44,969
Interest on nontaxable securities			336						335						330						326						331						1,001						1,009
Interest on deposits in other banks			13,633						12,376						12,637						14,368						10,769						38,646						33,568
Total interest income			355,146						347,323						329,452						332,214						330,553						1,031,921						948,221
Interest expense
Interest on deposits			129,698						121,245						118,174						111,749						102,999						369,117						244,268
Interest on other borrowings			11,388						14,157						9,890						14,364						19,803						35,435						75,010
Total interest expense			141,086						135,402						128,064						126,113						122,802						404,552						319,278
Net interest income			214,060						211,921						201,388						206,101						207,751						627,369						628,943
Provision for loan losses			6,313						25,348						25,523						30,401						30,095						57,184						123,114
Provision for unfunded commitments			(204)						(6,570)						(4,422)						(7,438)						(5,634)						(11,196)						(3,415)
Provision for other credit losses			(2)						(5)						4						(11)						(2)						(3)						5
Provision for credit losses			6,107						18,773						21,105						22,952						24,459						45,985						119,704
Net interest income after provision for credit losses			207,953						193,148						180,283						183,149						183,292						581,384						509,239
Noninterest income
Service charges on deposit accounts			12,918						12,672						11,759						12,252						12,092						37,349						34,323
Mortgage banking activity			37,947						46,399						39,430						31,461						36,290						123,776						108,424
Other service charges, commissions and fees			1,163						1,211						1,202						1,234						1,221						3,576						3,167
Gain (loss) on securities			(8)						12,335						(7)						(288)						(16)						12,320						(16)
Other noninterest income			17,689						16,094						13,494						11,589						13,594						47,277						40,682
Total noninterest income			69,709						88,711						65,878						56,248						63,181						224,298						186,580
Noninterest expense
Salaries and employee benefits			88,700						88,201						82,930						75,966						81,898						259,831						244,144
Occupancy and equipment			11,716						12,559						12,885						13,197						12,745						37,160						38,253
Data processing and communications expenses			15,221						15,193						14,654						14,028						12,973						45,068						39,458
Credit resolution-related expenses(1)			(110)						840						486						157						(1,360)						1,216						(77)
Advertising and marketing			4,089						3,571						2,545						2,974						2,723						10,205						8,882
Amortization of intangible assets			4,180						4,407						4,422						4,425						4,425						13,009						13,819
Other noninterest expenses			27,981						30,586						30,789						38,264						28,042						89,356						84,791
Total noninterest expense			151,777						155,357						148,711						149,011						141,446						455,845						429,270
Income before income tax expense			125,885						126,502						97,450						90,386						105,027						349,837						266,549
Income tax expense			26,673						35,717						23,138						24,452						24,912						85,528						63,378
Net income			$	99,212					$	90,785					$	74,312					$	65,934					$	80,115					$	264,309					$	203,171
Diluted earnings per common share			$	1.44					$	1.32					$	1.08					$	0.96					$	1.16					$	3.83					$	2.94
(1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns.

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Period End Balance Sheet			Table 3
			Sep						Jun						Mar						Dec						Sep
(dollars in thousands)			2024						2024						2024						2023						2023
Assets
Cash and due from banks			$	231,515					$	257,297					$	235,931					$	230,470					$	241,137
Interest-bearing deposits in banks			1,127,641						1,104,897						975,321						936,834						1,304,636
Debt securities available-for-sale, at fair value			1,441,552						1,531,047						1,414,419						1,402,944						1,424,081
Debt securities held-to-maturity, at amortized cost			161,220						148,538						147,022						141,512						141,859
Other investments			63,899						96,613						77,480						71,794						104,957
Loans held for sale			553,379						570,180						364,332						281,332						381,466
Loans, net of unearned income			20,964,981						20,992,603						20,600,260						20,269,303						20,201,079
Allowance for credit losses			(334,457)						(336,218)						(320,023)						(307,100)						(290,104)
Loans, net			20,630,524						20,656,385						20,280,237						19,962,203						19,910,975
Other real estate owned			9,482						2,213						2,158						6,199						3,397
Premises and equipment, net			210,931						213,255						214,801						216,435						217,564
Goodwill			1,015,646						1,015,646						1,015,646						1,015,646						1,015,646
Other intangible assets, net			74,941						79,120						83,527						87,949						92,375
Cash value of bank owned life insurance			460,699						376,458						396,804						395,778						393,769
Other assets			418,353						469,079						447,767						454,603						465,968
Total assets			$	26,399,782					$	26,520,728					$	25,655,445					$	25,203,699					$	25,697,830
Liabilities
Deposits
Noninterest-bearing			$	6,670,320					$	6,649,220					$	6,538,322					$	6,491,639					$	6,589,610
Interest-bearing			15,208,945						14,794,923						14,459,068						14,216,870						14,000,735
Total deposits			21,879,265						21,444,143						20,997,390						20,708,509						20,590,345
Other borrowings			346,446						946,413						631,380						509,586						1,209,553
Subordinated deferrable interest debentures			131,811						131,312						130,814						130,315						129,817
Other liabilities			360,892						432,246						411,123						428,542						421,046
Total liabilities			22,718,414						22,954,114						22,170,707						21,776,952						22,350,761
Shareholders' Equity
Preferred stock			—						—						—						—						—
Common stock			72,698						72,697						72,683						72,516						72,514
Capital stock			1,954,532						1,950,846						1,948,352						1,945,385						1,942,852
Retained earnings			1,772,989						1,684,218						1,603,832						1,539,957						1,484,424
Accumulated other comprehensive loss, net of tax			(15,724)						(38,020)						(39,959)						(35,939)						(60,818)
Treasury stock			(103,127)						(103,127)						(100,170)						(95,172)						(91,903)
Total shareholders' equity			3,681,368						3,566,614						3,484,738						3,426,747						3,347,069
Total liabilities and shareholders' equity			$	26,399,782					$	26,520,728					$	25,655,445					$	25,203,699					$	25,697,830
Other Data
Earning assets			$	24,312,672					$	24,443,878					$	23,578,834					$	23,103,719					$	23,558,078
Intangible assets			1,090,587						1,094,766						1,099,173						1,103,595						1,108,021
Interest-bearing liabilities			15,687,202						15,872,648						15,221,262						14,856,771						15,340,105
Average assets			26,442,984						25,954,808						25,295,088						25,341,990						25,525,913
Average common shareholders' equity			3,618,052						3,530,869						3,462,871						3,383,554						3,324,960

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Asset Quality Information			Table 4
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands)			2024						2024						2024						2023						2023						2024						2023
Allowance for Credit Losses
Balance at beginning of period			$	366,852					$	357,232					$	348,727					$	339,180					$	326,783					$	348,727					$	258,163
Adoption of ASU 2022-02			—						—						—						—						—						—						(1,711)
Provision for loan losses			6,313						25,348						25,523						30,401						30,095						57,184						123,114
Provision for unfunded commitments			(204)						(6,570)						(4,422)						(7,438)						(5,634)						(11,196)						(3,415)
Provision for other credit losses			(2)						(5)						4						(11)						(2)						(3)						5
Provision for credit losses			6,107						18,773						21,105						22,952						24,459						45,985						119,704
Charge-offs			15,352						16,845						18,457						20,104						19,488						50,654						55,114
Recoveries			7,278						7,692						5,857						6,699						7,426						20,827						18,138
Net charge-offs (recoveries)			8,074						9,153						12,600						13,405						12,062						29,827						36,976
Ending balance			$	364,885					$	366,852					$	357,232					$	348,727					$	339,180					$	364,885					$	339,180
Allowance for loan losses			$	334,457					$	336,218					$	320,023					$	307,100					$	290,104					$	334,457					$	290,104
Allowance for unfunded commitments			30,362						30,566						37,136						41,558						48,996						30,362						48,996
Allowance for other credit losses			66						68						73						69						80						66						80
Total allowance for credit losses			$	364,885					$	366,852					$	357,232					$	348,727					$	339,180					$	364,885					$	339,180
Non-Performing Assets
Nonaccrual portfolio loans			$	87,339					$	85,878					$	80,448					$	60,961					$	53,806					$	87,339					$	53,806
Other real estate owned			9,482						2,213						2,158						6,199						3,397						9,482						3,397
Repossessed assets			19						22						29						17						22						19						22
Accruing loans delinquent 90 days or more			12,234						15,909						15,811						16,988						11,891						12,234						11,891
Non-performing portfolio assets			$	109,074					$	104,022					$	98,446					$	84,165					$	69,116					$	109,074					$	69,116
Serviced GNMA-guaranteed mortgage nonaccrual loans			8,168						93,520						84,238						90,156						80,752						8,168						80,752
Total non-performing assets			$	117,242					$	197,542					$	182,684					$	174,321					$	149,868					$	117,242					$	149,868
Asset Quality Ratios
Non-performing portfolio assets as a percent of total assets			0.41		%				0.39		%				0.38		%				0.33		%				0.27		%				0.41		%				0.27		%
Total non-performing assets as a percent of total assets			0.44		%				0.74		%				0.71		%				0.69		%				0.58		%				0.44		%				0.58		%
Net charge-offs as a percent of average loans (annualized)			0.15		%				0.18		%				0.25		%				0.26		%				0.23		%				0.19		%				0.25		%

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Loan Information			Table 5
			Sep						Jun						Mar						Dec						Sep
(dollars in thousands)			2024						2024						2024						2023						2023
Loans by Type
Commercial, financial and agricultural			$	2,949,957					$	2,860,973					$	2,758,716					$	2,688,929					$	2,632,836
Consumer			210,310						217,787						232,993						241,552						259,797
Indirect automobile			10,891						16,335						24,022						34,257						47,108
Mortgage warehouse			985,910						1,070,921						891,336						818,728						852,823
Municipal			449,561						454,967						477,567						492,668						497,093
Premium Finance			1,246,452						1,151,261						998,726						946,562						1,007,334
Real estate - construction and development			2,232,114						2,336,987						2,264,346						2,129,187						2,236,686
Real estate - commercial and farmland			8,249,981						8,103,634						8,131,248						8,059,754						7,865,389
Real estate - residential			4,629,805						4,779,738						4,821,306						4,857,666						4,802,013
Total loans			$	20,964,981					$	20,992,603					$	20,600,260					$	20,269,303					$	20,201,079
Loans by Risk Grade
Pass			$	20,676,342					$	20,623,416					$	20,221,302					$	19,846,731					$	19,812,895
Other assets especially mentioned			124,479						115,477						137,225						203,725						187,449
Substandard			164,160						253,710						241,733						218,847						200,735
Total loans			$	20,964,981					$	20,992,603					$	20,600,260					$	20,269,303					$	20,201,079

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Average Balances			Table 6
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands)			2024						2024						2024						2023						2023						2024						2023
Earning Assets
Interest-bearing deposits in banks			$	997,308					$	899,866					$	923,845					$	936,733					$	864,028					$	940,548					$	907,433
Investment securities - taxable			1,733,418						1,663,841						1,599,705						1,591,567						1,650,164						1,665,902						1,688,656
Investment securities - nontaxable			41,496						41,396						41,287						40,227						40,896						41,393						42,168
Loans held for sale			575,461						491,000						323,351						405,080						464,452						463,680						510,690
Loans			21,023,629						20,820,361						20,320,678						20,252,773						20,371,689						20,722,659						20,121,143
Total Earning Assets			$	24,371,312					$	23,916,464					$	23,208,866					$	23,226,380					$	23,391,229					$	23,834,182					$	23,270,090
Deposits
Noninterest-bearing deposits			$	6,622,952					$	6,558,427					$	6,403,300					$	6,572,190					$	6,655,191					$	6,528,572					$	6,838,618
NOW accounts			3,753,528						3,824,538						3,829,977						3,760,992						3,661,701						3,802,501						3,917,476
MMDA			6,508,770						6,251,719						5,952,389						5,994,361						5,527,731						6,238,615						5,176,794
Savings accounts			765,909						781,588						795,887						817,075						915,678						781,072						976,684
Retail CDs			2,478,875						2,430,416						2,378,678						2,281,357						2,200,413						2,429,505						1,947,739
Brokered CDs			1,493,352						1,167,174						1,381,382						1,122,684						1,441,854						1,347,836						991,554
Total Deposits			21,623,386						21,013,862						20,741,613						20,548,659						20,402,568						21,128,101						19,848,865
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase			—						1						—						—						—						—						—
FHLB advances			358,332						548,251						219,589						538,096						943,855						375,328						1,436,753
Other borrowings			298,073						307,449						308,210						311,091						312,572						304,554						330,035
Subordinated deferrable interest debentures			131,547						131,050						130,551						130,054						129,554						131,052						129,059
Total Non-Deposit Funding			787,952						986,751						658,350						979,241						1,385,981						810,934						1,895,847
Total Funding			$	22,411,338					$	22,000,613					$	21,399,963					$	21,527,900					$	21,788,549					$	21,939,035					$	21,744,712

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Interest Income and Interest Expense (TE)			Table 7
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands)			2024						2024						2024						2023						2023						2024						2023
Interest Income
Interest-bearing deposits in banks			$	13,633					$	12,376					$	12,637					$	14,368					$	10,769					$	38,646					$	33,568
Debt securities - taxable			15,555						16,948						13,092						14,033						14,754						45,595						44,969
Debt securities - nontaxable (TE)			426						423						418						413						418						1,267						1,277
Loans held for sale			9,142						8,189						5,348						6,846						7,460						22,679						22,865
Loans (TE)			317,358						310,347						298,907						297,501						298,102						926,612						848,375
Total Earning Assets			$	356,114					$	348,283					$	330,402					$	333,161					$	331,503					$	1,034,799					$	951,054
Interest Expense
Interest-Bearing Deposits
NOW accounts			$	20,535					$	21,020					$	20,574					$	19,293					$	17,255					$	62,129					$	50,291
MMDA			61,620						58,332						53,953						54,002						45,683						173,905						108,716
Savings accounts			960						984						986						974						1,791						2,930						5,375
Retail CDs			26,775						25,711						24,576						22,257						19,013						77,062						41,393
Brokered CDs			19,808						15,198						18,085						15,223						19,257						53,091						38,493
Total Interest-Bearing Deposits			129,698						121,245						118,174						111,749						102,999						369,117						244,268
Non-Deposit Funding
FHLB advances			4,443						7,167						2,578						7,089						12,543						14,188						52,213
Other borrowings			3,514						3,574						3,879						3,798						3,821						10,967						13,072
Subordinated deferrable interest debentures			3,431						3,416						3,433						3,477						3,439						10,280						9,725
Total Non-Deposit Funding			11,388						14,157						9,890						14,364						19,803						35,435						75,010
Total Interest-Bearing Funding			$	141,086					$	135,402					$	128,064					$	126,113					$	122,802					$	404,552					$	319,278
Net Interest Income (TE)			$	215,028					$	212,881					$	202,338					$	207,048					$	208,701					$	630,247					$	631,776

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Yields(1)			Table 8
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
			2024						2024						2024						2023						2023						2024						2023
Earning Assets
Interest-bearing deposits in banks			5.44		%				5.53		%				5.50		%				6.09		%				4.94		%				5.49		%				4.95		%
Debt securities - taxable			3.57		%				4.10		%				3.29		%				3.50		%				3.55		%				3.66		%				3.82		%
Debt securities - nontaxable (TE)			4.08		%				4.11		%				4.07		%				4.07		%				4.06		%				4.09		%				4.05		%
Loans held for sale			6.32		%				6.71		%				6.65		%				6.71		%				6.37		%				6.53		%				5.99		%
Loans (TE)			6.01		%				6.00		%				5.92		%				5.83		%				5.81		%				5.97		%				5.64		%
Total Earning Assets			5.81		%				5.86		%				5.73		%				5.69		%				5.62		%				5.80		%				5.46		%
Interest-Bearing Deposits
NOW accounts			2.18		%				2.21		%				2.16		%				2.04		%				1.87		%				2.18		%				1.72		%
MMDA			3.77		%				3.75		%				3.65		%				3.57		%				3.28		%				3.72		%				2.81		%
Savings accounts			0.50		%				0.51		%				0.50		%				0.47		%				0.78		%				0.50		%				0.74		%
Retail CDs			4.30		%				4.25		%				4.16		%				3.87		%				3.43		%				4.24		%				2.84		%
Brokered CDs			5.28		%				5.24		%				5.27		%				5.38		%				5.30		%				5.26		%				5.19		%
Total Interest-Bearing Deposits			3.44		%				3.37		%				3.31		%				3.17		%				2.97		%				3.38		%				2.51		%
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase			—		%				—		%				—		%				—		%				—		%				—		%				—		%
FHLB advances			4.93		%				5.26		%				4.72		%				5.23		%				5.27		%				5.05		%				4.86		%
Other borrowings			4.69		%				4.68		%				5.06		%				4.84		%				4.85		%				4.81		%				5.30		%
Subordinated deferrable interest debentures			10.38		%				10.48		%				10.58		%				10.61		%				10.53		%				10.48		%				10.07		%
Total Non-Deposit Funding			5.75		%				5.77		%				6.04		%				5.82		%				5.67		%				5.84		%				5.29		%
Total Interest-Bearing Liabilities			3.55		%				3.53		%				3.43		%				3.35		%				3.22		%				3.51		%				2.86		%
Net Interest Spread			2.26		%				2.33		%				2.30		%				2.34		%				2.40		%				2.29		%				2.60		%
Net Interest Margin(2)			3.51		%				3.58		%				3.51		%				3.54		%				3.54		%				3.53		%				3.63		%
Total Cost of Funds(3)			2.50		%				2.48		%				2.41		%				2.32		%				2.24		%				2.46		%				1.96		%
(1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%.
(2) Rate calculated based on average earning assets.
(3) Rate calculated based on total average funding including noninterest-bearing deposits.

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations
Adjusted Net Income			Table 9A
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands except per share data)			2024						2024						2024						2023						2023						2024						2023
Net income available to common shareholders			$	99,212					$	90,785					$	74,312					$	65,934					$	80,115					$	264,309					$	203,171
Adjustment items:
Gain on sale of MSR			(5,245)						(4,713)						—						—						—						(9,958)						—
Gain on conversion of Visa Class B-1 stock			—						(12,554)						—						—						—						(12,554)						—
Gain on BOLI proceeds			—						(466)						(998)						—						—						(1,464)						(486)
FDIC special assessment			—						(895)						2,909						11,566						—						2,014						—
Natural disaster expenses			150						—						—						—						—						150						—
Gain on bank premises			—						—						—						(1,903)						—						—						—
Tax effect of adjustment items (Note 1)			1,070						3,814						(611)						(2,029)						—						4,273						—
After tax adjustment items			(4,025)						(14,814)						1,300						7,634						—						(17,539)						(486)
Tax expense attributable to BOLI restructuring			—						4,792						—						—						—						4,792						—
Adjusted net income			$	95,187					$	80,763					$	75,612					$	73,568					$	80,115					$	251,562					$	202,685
Weighted average number of shares - diluted			69,066,298						69,013,834						69,014,116						69,014,793						68,994,247						69,031,666						69,129,921
Net income per diluted share			$	1.44					$	1.32					$	1.08					$	0.96					$	1.16					$	3.83					$	2.94
Adjusted net income per diluted share			$	1.38					$	1.17					$	1.10					$	1.07					$	1.16					$	3.64					$	2.93
Average assets			$	26,442,984					$	25,954,808					$	25,295,088					$	25,341,990					$	25,525,913					$	25,899,617					$	25,426,064
Return on average assets			1.49		%				1.41		%				1.18		%				1.03		%				1.25		%				1.36		%				1.07		%
Adjusted return on average assets			1.43		%				1.25		%				1.20		%				1.15		%				1.25		%				1.30		%				1.07		%
Average common equity			$	3,618,052					$	3,530,869					$	3,462,871					$	3,383,554					$	3,324,960					$	3,537,559					$	3,289,706
Average tangible common equity			$	2,525,421					$	2,433,958					$	2,361,544					$	2,277,810					$	2,214,775					$	2,440,619					$	2,174,958
Return on average common equity			10.91		%				10.34		%				8.63		%				7.73		%				9.56		%				9.98		%				8.26		%
Adjusted return on average tangible common equity			14.99		%				13.35		%				12.88		%				12.81		%				14.35		%				13.77		%				12.46		%
Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included.

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Adjusted Efficiency Ratio (TE)			Table 9B
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands)			2024						2024						2024						2023						2023						2024						2023
Adjusted Noninterest Expense
Total noninterest expense			$	151,777					$	155,357					$	148,711					$	149,011					$	141,446					$	455,845					$	429,270
Adjustment items:
FDIC special assessment			—						895						(2,909)						(11,566)						—						(2,014)						—
Natural disaster expenses			(150)						—						—						—						—						(150)						—
Gain on bank premises			—						—						—						1,903						—						—						—
Adjusted noninterest expense			$	151,627					$	156,252					$	145,802					$	139,348					$	141,446					$	453,681					$	429,270
Total Revenue
Net interest income			$	214,060					$	211,921					$	201,388					$	206,101					$	207,751					$	627,369					$	628,943
Noninterest income			69,709						88,711						65,878						56,248						63,181						224,298						186,580
Total revenue			$	283,769					$	300,632					$	267,266					$	262,349					$	270,932					$	851,667					$	815,523
Adjusted Total Revenue
Net interest income (TE)			$	215,028					$	212,881					$	202,338					$	207,048					$	208,701					$	630,247					$	631,776
Noninterest income			69,709						88,711						65,878						56,248						63,181						224,298						186,580
Total revenue (TE)			284,737						301,592						268,216						263,296						271,882						854,545						818,356
Adjustment items:
(Gain) loss on securities			8						(12,335)						7						288						16						(12,320)						16
Gain on sale of MSR			(5,245)						(4,713)						—						—						—						(9,958)						—
Gain on BOLI proceeds			—						(466)						(998)						—						—						(1,464)						(486)
Adjusted total revenue (TE)			$	279,500					$	284,078					$	267,225					$	263,584					$	271,898					$	830,803					$	817,886
Efficiency ratio			53.49		%				51.68		%				55.64		%				56.80		%				52.21		%				53.52		%				52.64		%
Adjusted efficiency ratio (TE)			54.25		%				55.00		%				54.56		%				52.87		%				52.02		%				54.61		%				52.49		%
Tangible Book Value Per Share			Table 9C
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands except per share data)			2024						2024						2024						2023						2023						2024						2023
Total shareholders' equity			$	3,681,368					$	3,566,614					$	3,484,738					$	3,426,747					$	3,347,069					$	3,681,368					$	3,347,069
Less:
Goodwill			1,015,646						1,015,646						1,015,646						1,015,646						1,015,646						1,015,646						1,015,646
Other intangibles, net			74,941						79,120						83,527						87,949						92,375						74,941						92,375
Total tangible shareholders' equity			$	2,590,781					$	2,471,848					$	2,385,565					$	2,323,152					$	2,239,048					$	2,590,781					$	2,239,048
Period end number of shares			69,067,019						69,066,573						69,115,263						69,053,341						69,138,461						69,067,019						69,138,461
Book value per share (period end)			$	53.30					$	51.64					$	50.42					$	49.62					$	48.41					$	53.30					$	48.41
Tangible book value per share (period end)			$	37.51					$	35.79					$	34.52					$	33.64					$	32.38					$	37.51					$	32.38

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Tangible Common Equity to Tangible Assets			Table 9D
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands except per share data)			2024						2024						2024						2023						2023						2024						2023
Total shareholders' equity			$	3,681,368					$	3,566,614					$	3,484,738					$	3,426,747					$	3,347,069					$	3,681,368					$	3,347,069
Less:
Goodwill			1,015,646						1,015,646						1,015,646						1,015,646						1,015,646						1,015,646						1,015,646
Other intangibles, net			74,941						79,120						83,527						87,949						92,375						74,941						92,375
Total tangible shareholders' equity			$	2,590,781					$	2,471,848					$	2,385,565					$	2,323,152					$	2,239,048					$	2,590,781					$	2,239,048
Total assets			$	26,399,782					$	26,520,728					$	25,655,445					$	25,203,699					$	25,697,830					$	26,399,782					$	25,697,830
Less:
Goodwill			1,015,646						1,015,646						1,015,646						1,015,646						1,015,646						1,015,646						1,015,646
Other intangibles, net			74,941						79,120						83,527						87,949						92,375						74,941						92,375
Total tangible assets			$	25,309,195					$	25,425,962					$	24,556,272					$	24,100,104					$	24,589,809					$	25,309,195					$	24,589,809
Equity to Assets			13.94		%				13.45		%				13.58		%				13.60		%				13.02		%				13.94		%				13.02		%
Tangible Common Equity to Tangible Assets			10.24		%				9.72		%				9.71		%				9.64		%				9.11		%				10.24		%				9.11		%
PPNR ROA			Table 9E
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands except per share data)			2024						2024						2024						2023						2023						2024						2023
Net income			$	99,212					$	90,785					$	74,312					$	65,934					$	80,115					$	264,309					$	203,171
Plus:
Income taxes			26,673						35,717						23,138						24,452						24,912						85,528						63,378
Provision for credit losses			6,107						18,773						21,105						22,952						24,459						45,985						119,704
PPNR			$	131,992					$	145,275					$	118,555					$	113,338					$	129,486					$	395,822					$	386,253
Average Assets			$	26,442,984					$	25,954,808					$	25,295,088					$	25,341,990					$	25,525,913					$	25,899,617					$	25,426,064
Return on Average Assets (ROA)			1.49		%				1.41		%				1.18		%				1.03		%				1.25		%				1.36		%				1.07		%
PPNR ROA			1.99		%				2.25		%				1.89		%				1.77		%				2.01		%				2.04		%				2.03		%

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting			Table 10
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands)			2024						2024						2024						2023						2023						2024						2023
Retail Mortgage Division
Net interest income			$	23,553					$	23,742					$	23,287					$	24,053					$	22,805					$	70,582					$	64,249
Provision for credit losses			254						(2,882)						2,332						1,005						2,399						(296)						8,530
Noninterest income			41,498						50,145						38,765						30,588						35,691						130,408						106,557
Noninterest expense
Salaries and employee benefits			23,233						25,254						21,073						16,996						21,231						69,560						63,321
Occupancy and equipment expenses			957						1,008						1,049						1,210						1,182						3,014						3,689
Data processing and telecommunications expenses			1,184						1,276						1,366						1,318						1,052						3,826						3,518
Other noninterest expenses			12,164						13,397						12,530						11,634						12,153						38,091						35,759
Total noninterest expense			37,538						40,935						36,018						31,158						35,618						114,491						106,287
Income before income tax expense			27,259						35,834						23,702						22,478						20,479						86,795						55,989
Income tax expense			5,724						7,525						4,978						4,720						4,301						18,227						11,758
Net income			$	21,535					$	28,309					$	18,724					$	17,758					$	16,178					$	68,568					$	44,231
Warehouse Lending Division
Net interest income			$	3,653					$	6,292					$	6,028					$	5,965					$	6,008					$	15,973					$	17,874
Provision for credit losses			(170)						359						145						(68)						(589)						334						(372)
Noninterest income			400						1,028						740						929						662						2,168						2,546
Noninterest expense
Salaries and employee benefits			621						1,124						888						296						924						2,633						2,498
Occupancy and equipment expenses			6						7						7						3						1						20						2
Data processing and telecommunications expenses			32						59						25						51						30						116						120
Other noninterest expenses			217						298						237						229						219						752						644
Total noninterest expense			876						1,488						1,157						579						1,174						3,521						3,264
Income before income tax expense			3,347						5,473						5,466						6,383						6,085						14,286						17,528
Income tax expense			703						1,149						1,148						1,340						1,278						3,000						3,681
Net income			$	2,644					$	4,324					$	4,318					$	5,043					$	4,807					$	11,286					$	13,847
Premium Finance Division
Net interest income			$	10,060					$	8,350					$	7,605					$	7,801					$	9,381					$	26,015					$	26,206
Provision for credit losses			457						408						(499)						27						139						366						745
Noninterest income			11						11						10						9						4						32						22
Noninterest expense
Salaries and employee benefits			2,212						1,900						2,053						1,973						2,308						6,165						6,627
Occupancy and equipment expenses			28						70						76						83						89						174						231
Data processing and telecommunications expenses			83						102						79						100						73						264						224
Other noninterest expenses			1,140						1,095						1,028						1,057						1,027						3,263						3,160
Total noninterest expense			3,463						3,167						3,236						3,213						3,497						9,866						10,242
Income before income tax expense			6,151						4,786						4,878						4,570						5,749						15,815						15,241
Income tax expense			1,254						953						984						945						1,170						3,191						3,089
Net income			$	4,897					$	3,833					$	3,894					$	3,625					$	4,579					$	12,624					$	12,152

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AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting (continued)			Table 10
			Three Months Ended																														Nine Months Ended
			Sep						Jun						Mar						Dec						Sep						Sep						Sep
(dollars in thousands)			2024						2024						2024						2023						2023						2024						2023
Banking Division
Net interest income			$	176,794					$	173,537					$	164,468					$	168,282					$	169,557					$	514,799					$	520,614
Provision for credit losses			5,566						20,888						19,127						21,988						22,510						45,581						110,801
Noninterest income			27,800						37,527						26,363						24,722						26,824						91,690						77,455
Noninterest expense
Salaries and employee benefits			62,634						59,923						58,916						56,701						57,435						181,473						171,698
Occupancy and equipment expenses			10,725						11,474						11,753						11,901						11,473						33,952						34,331
Data processing and telecommunications expenses			13,922						13,756						13,184						12,559						11,818						40,862						35,596
Other noninterest expenses			22,619						24,614						24,447						32,900						20,431						71,680						67,852
Total noninterest expense			109,900						109,767						108,300						114,061						101,157						327,967						309,477
Income before income tax expense			89,128						80,409						63,404						56,955						72,714						232,941						177,791
Income tax expense			18,992						26,090						16,028						17,447						18,163						61,110						44,850
Net income			$	70,136					$	54,319					$	47,376					$	39,508					$	54,551					$	171,831					$	132,941
Total Consolidated
Net interest income			$	214,060					$	211,921					$	201,388					$	206,101					$	207,751					$	627,369					$	628,943
Provision for credit losses			6,107						18,773						21,105						22,952						24,459						45,985						119,704
Noninterest income			69,709						88,711						65,878						56,248						63,181						224,298						186,580
Noninterest expense
Salaries and employee benefits			88,700						88,201						82,930						75,966						81,898						259,831						244,144
Occupancy and equipment expenses			11,716						12,559						12,885						13,197						12,745						37,160						38,253
Data processing and telecommunications expenses			15,221						15,193						14,654						14,028						12,973						45,068						39,458
Other noninterest expenses			36,140						39,404						38,242						45,820						33,830						113,786						107,415
Total noninterest expense			151,777						155,357						148,711						149,011						141,446						455,845						429,270
Income before income tax expense			125,885						126,502						97,450						90,386						105,027						349,837						266,549
Income tax expense			26,673						35,717						23,138						24,452						24,912						85,528						63,378
Net income			$	99,212					$	90,785					$	74,312					$	65,934					$	80,115					$	264,309					$	203,171