Q2 2026 Ameris Bancorp Earnings Call Transcript
Key Points
- Ameris Bancorp (ABCB) achieved core profitability levels well ahead of the industry, with an adjusted ROA of 153% and an adjusted return on TCE of over 14%.
- The company experienced profitable growth, with average earning assets increasing 8.5% annualized and loans over 6% annualized.
- Ameris Bancorp (ABCB) maintained a strong balance sheet, funded with almost 50% checking accounts and over 11% tangible common equity.
- The company reported a robust loan production of $2.4 billion in the second quarter, a 24% increase over the previous year.
- Capital levels remain strong, with CET1 at almost 13% and TCE ratio above 11%, positioning the company well for future growth.
- Ameris Bancorp (ABCB) reported an $82.5 billion litigation accrual related to a jury verdict in an employment case in California, impacting reported expenses.
- Adjusted non-interest income decreased by $4.6 million, primarily due to a decline in mortgage-related revenue.
- The company anticipates slight margin compression over the next few quarters due to higher deposit costs.
- Brokered deposits increased by $174 million, raising concerns about reliance on non-core funding sources.
- There is a potential for a few basis points of margin compression in the coming quarters if one-time benefits do not recur.
Good day, and welcome to the Ameris Bancorp second-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.
Great. Thank you, Dave, and thank you to all who have 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 by 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.
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.
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