Q1 2026 Ameris Bancorp Earnings Call Transcript
Key Points
- Ameris Bancorp (ABCB) achieved a high level of core profitability with an ROA above 1.60% and a return on tangible common equity of almost 15%.
- The company experienced strong growth in loans, deposits, earning assets, and revenue, with a 10% increase in quarterly revenue compared to the previous year.
- Net interest margin expanded by 3 basis points to 3.88%, remaining well above peer levels.
- Ameris Bancorp (ABCB) actively managed its capital by repurchasing 1.4% of the company at a discount, enhancing shareholder value.
- Credit quality remained stable with improved net charge-offs and non-performing assets, positioning the company well for future growth.
- The company anticipates slight margin compression over the next few quarters due to pressure on deposit costs.
- Non-interest expense increased by $14 million in the quarter, driven by seasonally higher compensation costs.
- Despite strong performance, the company remains cautious about potential macroeconomic headwinds affecting growth.
- The competitive landscape for deposits remains challenging, potentially impacting future growth opportunities.
- There is a potential for increased deposit costs if interest rates remain flat, which could affect the net interest margin.
Good day, and welcome to the Ameris Bancorp first-quarter conference call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Nicole Stokes, Chief Financial Officer. Please go ahead.
Thank you, Bailey, and thank you to all who joined our call today. During the call, we will be referencing the press release and the financial highlights that are available on the Investor Relations section of our website at amerisbank.com.
I'm joined today with Palmer Proctor, our CEO; and Doug Strange, our Chief Credit Officer. Palmer will begin with some opening comments, and then I will discuss the details of our financial results before we open up for Q&A.
But before we begin, I'll remind you that our comments may include forward-looking statements. These statements are subject to risks and uncertainties. The actual results could vary materially. We list some of the factors that might cause results to
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