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Ameris Bancorp ( (ABCB) ) has shared an announcement.
Ameris Bancorp reported a strong first quarter of 2026, with net income rising to $110.5 million, or $1.63 per diluted share, for the period ended March 31, 2026, up from $87.9 million a year earlier, driven by higher net interest income and robust noninterest revenue. Return on average assets reached 1.62%, return on average tangible common equity climbed to 14.75% and net interest margin expanded to 3.88%, underscoring outperformance versus much of the regional banking sector.
Earning assets grew by $607.8 million on an annualized basis, supported by $314.5 million in loan growth and $260.7 million in deposit growth, while the noninterest-bearing deposit mix improved to 29.8% of total deposits, helping reduce the total cost of funds to 1.88%. The efficiency ratio improved year over year to 49.97% despite seasonal expense pressures, credit quality remained solid with annualized net charge-offs of 0.21% and stable reserves and the company returned capital by repurchasing about $74.9 million of stock, or roughly 1.4% of outstanding equity, while growing tangible book value per share to $44.79.
Noninterest income increased 13.1% from the prior quarter to $69.9 million, with mortgage banking revenue up 16.1% and other fee income helped by the absence of prior mortgage servicing right losses and higher gains on SBA loan sales. Total assets reached $28.11 billion, shareholders’ equity stood at $4.08 billion and tangible common equity represented 11.15% of tangible assets, positioning Ameris with a stronger balance sheet and capital base as it continues to expand in its Southeast markets.
The most recent analyst rating on (ABCB) stock is a Hold with a $85.00 price target. To see the full list of analyst forecasts on Ameris Bancorp stock, see the ABCB Stock Forecast page.
Spark’s Take on ABCB Stock
According to Spark, TipRanks’ AI Analyst, ABCB is a Outperform.
The score is driven primarily by solid fundamentals (profitability and a strong, conservatively levered balance sheet), partially offset by cash flow volatility. Earnings-call guidance and sentiment were constructive, while technicals are mixed and valuation is reasonable but not especially supported by yield.
To see Spark’s full report on ABCB stock, click here.
More about Ameris Bancorp
Ameris Bancorp is a regional financial services company and bank holding company for Ameris Bank, operating primarily across attractive markets in the U.S. Southeast. The company offers a range of banking products, including commercial and consumer loans, deposit accounts and treasury services, as well as a sizable retail mortgage business and SBA lending platform that contribute meaningfully to fee income and balance-sheet growth.
The bank focuses on profitable franchise expansion in its core Southeast footprint, emphasizing a strong mix of noninterest-bearing deposits and disciplined credit underwriting. Management highlights operating efficiency and net interest margin performance as key differentiators versus peers, supporting returns on tangible common equity that outpace much of the broader regional banking industry.
Average Trading Volume: 572,571
Technical Sentiment Signal: Buy
Current Market Cap: $5.77B
Learn more about ABCB stock on TipRanks’ Stock Analysis page.