Ameris Bancorp reports Q3 net income of $106 million

Reuters10-28
Ameris Bancorp reports Q3 net income of $106 million

Ameris Bancorp reported net income of $106.0 million for the third quarter of 2025, compared to $99.2 million in the same period of 2024. For the year-to-date period ending September 30, 2025, net income was $303.8 million, up from $264.3 million for the same period in 2024. Return on average assets was 1.56% for the quarter, and return on average tangible common equity was 14.57%. Tangible book value per share increased to $42.90 at September 30, 2025. The tangible common equity ratio rose to 11.31% from 10.24% a year ago. Net interest margin was 3.80% for the third quarter of 2025. The efficiency ratio improved to 49.19%. Net interest income grew by $6.2 million from the previous quarter, and earning assets increased by $469.8 million. Loans grew by $216.9 million, and annualized net charge-offs remained at 0.14% of average total loans. Deposits grew 5% annualized, with non-interest bearing deposits comprising over 30% of the mix.

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