Ameris Bancorp reported third‑quarter 2025 earnings, posting net income of $106.0 million, or $1.54 per diluted share, up from $99.2 million and $1.44 per share in the same quarter a year earlier.
Net interest income rose to $238.9 million, an increase of $6.2 million from the second quarter, and the net interest margin expanded to 3.80% from 3.77% in the prior quarter.
Deposits grew 5% on an annualized basis, with non‑interest‑bearing deposits representing 30.4% of total deposits at September 30, 2025.
Tangible book value per share climbed to $42.90, a 14.9% year‑over‑year gain from $37.51 at September 30, 2024.
The company repurchased 125,900 shares during the quarter, and its board authorized a share‑repurchase program of up to $200 million, effective October 20, 2025 and extending through October 31, 2026.
The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, reflecting tighter cost control and higher operating leverage.
Return on average assets was 1.56%, return on average tangible common equity 14.57%, and the common equity tier 1 ratio stood at 13.2%.
Ameris also redeemed $74 million of 5.875% fixed‑to‑floating rate subordinated notes due 2030 on September 1, 2025, and $110 million of 3.875% fixed‑to‑floating rate subordinated notes due 2030 on October 1, 2025.
Earnings beat analyst expectations for revenue but missed street estimates for EPS, according to consensus estimates.
CEO said, "We remain confident in our capital position and continue to focus on delivering value to shareholders."
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