# EDGAR Filing Document

**Accession Number:** 0000351569
**File Stem:** 0000950170-23-001250
**Filing Date:** 2023-1
**Character Count:** 104504
**Document Hash:** 7a806c8b6a73eb75d59e70bfff960d40
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-001250.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000950170-23-001250

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 46

**CONFORMED PERIOD OF REPORT**: 20230126

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ameris Bancorp
- **CENTRAL INDEX KEY:** 0000351569
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 581456434
- **STATE OF INCORPORATION:** GA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13901
- **FILM NUMBER:** 23558705

**BUSINESS ADDRESS:**
- **STREET 1:** 3490 PIEDMONT RD
- **STREET 2:** SUITE 1550
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305
- **BUSINESS PHONE:** 4046396500

**MAIL ADDRESS:**
- **STREET 1:** 3490 PIEDMONT RD
- **STREET 2:** SUITE 1550
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABC BANCORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABC HOLDING CO
- **DATE OF NAME CHANGE:** 19870119

?xml version="1.0" encoding="ASCII"? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** January 26, 2023<br>

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Ameris Bancorp

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Georgia | 001-13901 | 58-1456434 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 3490 Piedmont Road N.E.<br>Suite 1550 |  |  |
| Atlanta**,** Georgia |  | 30305 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (404) 639-6500<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | |
|:---|:---|
| **<br>Title of each class** | **<br>Name of each exchange on which registered** |
| Common Stock, par value $1.00 per share<br> ABCB | The Nasdaq Global Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On January 26, 2023, Ameris Bancorp (the "Company") issued a press release announcing its unaudited financial results for the quarter and fiscal year ended December 31, 2022. A copy of that press release is attached to this Current Report on Form 8-K (this "Report") as Exhibit 99.1.

The information contained in this Item 2.02 and in Exhibit 99.1 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

**Item 7.01 Regulation FD Disclosure.**

A copy of the investor presentation material that the Company will present regarding its earnings during the teleconference beginning at 9:00 a.m. Eastern time on January 27, 2023 is attached to this Report as Exhibit 99.2. The investor presentation material is also available on the "Investor Relations" page of the Company's website (http://www.amerisbank.com).

The information contained in this Item 7.01 and in Exhibit 99.2 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

**Item 9.01 Financial Statements and Exhibits.**

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| | |
|:---|:---|
| &nbsp;&nbsp;[<u>99.1</u>](abcb-ex99_1.htm) | &nbsp;&nbsp;[<u>Press release dated January 26, 2023</u>](abcb-ex99_1.htm) |
| &nbsp;&nbsp;[<u>99.2</u>](abcb-ex99_2.htm) | &nbsp;&nbsp;[<u>Investor Presentation re: 4</u><u>th</u><u>Quarter 2022 Results</u>](abcb-ex99_2.htm) |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | AMERIS BANCORP |
| Date: | January 26, 2023 | By:  | /s/ Nicole S. Stokes |
|  |  |  | Nicole S. Stokes |
|  |  |  | Chief Financial Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

**AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS**

Highlights of the Company's results for the full year 2022 include the following:

* Net income of $346.5 million, or $4.99 per diluted share

* Growth in tangible book value<sup>(1)</sup> of $3.66 per share, or 13.9%, to $29.92 at December 31, 2022

* Improvement in net interest margin of 44bps, from 3.32% for 2021 to 3.76% for 2022

* Growth in total revenue of $64.6 million, or 6.3%, to $1.09 billion this year

* Adjusted efficiency ratio<sup>(1)</sup> of 52.54%, compared with 55.00% last year

* Organic growth in loans of $3.51 billion, or 22.1%

* Growth in TCE ratio<sup>(1)</sup> of 62bps, or 7.7%, to 8.67% at December 31, 2022

* Growth in noninterest-bearing deposits, representing 40.74% of total deposits, from 39.54% a year ago

Significant items from the Company's results for the fourth quarter of 2022 include the following:

* Net income of $82.2 million, or $1.18 per diluted share

* Growth in tangible book value<sup>(1)</sup> of $1.30 per share, or 18.0% annualized, to $29.92 at December 31, 2022

* Improvement in net interest margin of 6bps, from 3.97% last quarter to 4.03% this quarter

* Growth in net interest income of $11.2 million, or 5.2%, to $224.1 million for the fourth quarter of 2022

* Adjusted return on average assets<sup>(1)</sup> of 1.32%

* Adjusted return on average tangible common equity<sup>(1)</sup> of 15.78%

ATLANTA, Jan. 26, 2023 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $82.2 million, or $1.18 per diluted share, for the quarter ended December 31, 2022, compared with $81.9 million, or $1.18 per diluted share, for the quarter ended December 31, 2021. The Company reported adjusted net income<sup>(1)</sup> of $81.1 million, or $1.17 per diluted share, for the quarter ended December 31, 2022, compared with $81.5 million, or $1.17 per diluted share, for the same period in 2021. Adjusted net income excludes after-tax merger and conversion charges, natural disaster and pandemic expenses, servicing right valuation adjustments, gain on bank owned life insurance ("BOLI") proceeds, gain/loss on sale of mortgage servicing rights ("MSR") and gain/loss on sale of bank premises.

For the year ended December 31, 2022, the Company reported net income of $346.5 million, or $4.99 per diluted share, compared with $376.9 million, or $5.40 per diluted share, for 2021. The Company reported adjusted net income<sup>(1)</sup> of $329.4 million, or $4.75 per diluted share, for the year ended December 31, 2022, compared with $368.7 million, or $5.29 per diluted share, for 2021. Adjusted net income for the year excludes the same items listed above for the fourth quarter.

Commenting on the Company's results, Palmer Proctor, the Company's Chief Executive Officer, said, "The strong financial results we are reporting today are a direct result of our team's continued focus and discipline. The fourth quarter was another strong quarter where we grew tangible book value, expanded the margin, protected our balance sheet and improved our efficiency ratio. The additional provision for credit losses we recorded this quarter is attributable to loan growth and the economic forecast and strengthens our position as we move into 2023. Despite forecasted challenging economic conditions and potential market volatility, we are well positioned for 2023 as we focus on core fundamentals in our strong Southeastern markets."

***Increase in Net Interest Income and Net Interest Margin***

Net interest income on a tax-equivalent basis for 2022 increased to $804.9 million, compared with $659.9 million for 2021. The Company's net interest margin was 3.76% for 2022, an increase from 3.32% reported for 2021. The Company recorded accretion expense of $285,000 for 2022, compared with accretion income of $16.3 million for 2021. The increase in net interest margin is primarily attributable to deployment of excess liquidity in the loan and securities portfolios during the year, along with the rising interest rate environment.

Net interest income on a tax-equivalent basis (TE) grew to $225.1 million in the fourth quarter of 2022, an increase of $11.2 million, or 5.2%, from last quarter and $57.2 million, or 34.1%, compared with the fourth quarter of 2021. The Company's net interest margin improved to 4.03% for the fourth quarter of 2022, up from 3.97% reported for the third quarter of 2022 and 3.18% reported for the fourth quarter of 2021.

Yields on earning assets increased 54 basis points during the quarter to 4.91%, compared with 4.37% in the third quarter of 2022, and increased 152 basis points from 3.39% in the fourth quarter of 2021. Yields on loans increased to 5.07% during the fourth quarter of 2022, compared with 4.62% for the third quarter of 2022 and 4.26% for the fourth quarter of 2021. In addition, the Company incurred net accretion expense in the fourth quarter of $315,000, compared with $597,000 in the third quarter of 2022 and accretion income of $2.8 million for the fourth quarter of 2021.

Loan production in the banking division during the fourth quarter of 2022 was $612.9 million, with weighted average yields of 7.92%, compared with $1.12 billion and 6.26%, respectively, in the third quarter of 2022 and $1.15 billion and 3.35%, respectively, in the fourth quarter of 2021. Loan production in the lines of business (including retail mortgage, warehouse lending, SBA and premium finance) amounted to an additional $3.6 billion during the fourth quarter of 2022, with weighted average yields of 6.06%, compared with $4.6 billion and 5.29%, respectively, during the third quarter of 2022 and $5.5 billion and 3.43%, respectively, during the fourth quarter of 2021.

The Company's total cost of funds was 0.94% in the fourth quarter of 2022, an increase of 52 basis points compared with the third quarter of 2022. Deposit costs increased 39 basis point during the fourth quarter of 2022 to 0.68%, compared with 0.29% in the third quarter of 2022. Costs of interest-bearing deposits increased during the quarter from 0.49% in the third quarter of 2022 to 1.17% in the fourth quarter of 2022, reflecting deposit pricing adjustments made at the end of the third quarter and during the fourth quarter.

***Noninterest Income***

Noninterest income decreased $17.0 million, or 26.0%, in the fourth quarter of 2022 to $48.3 million, compared with $65.3 million for the third quarter of 2022, primarily as a result of decreased mortgage banking activity, which declined by $17.5 million, or 43.4%, to $22.9 million in the fourth quarter of 2022, compared with $40.4 million for the third quarter of 2022. Gain on sale spreads decreased to 1.26% in the fourth quarter of 2022 from 2.10% for the third quarter of 2022. Total production in the retail mortgage division decreased to $947.3 million in the fourth quarter of 2022, compared with $1.26 billion for the third quarter of 2022. The retail mortgage open pipeline was $507.1 million at the end of the fourth quarter of 2022, compared with $520.0 million at September 30, 2022. Mortgage banking activity included a $1.3 million recovery of servicing right impairment and a $316,000 loss on sale of MSR recorded in the third quarter of 2022, compared with a $1.7 million gain on sale of MSR for the fourth quarter of 2022.

For the full year 2022, noninterest income decreased $81.1 million, or 22.2%, to $284.4 million, compared with $365.5 million for 2021, primarily as a result of decreased mortgage banking activity, which declined by $101.0 million, or 35.3%, to $184.9 million in 2022, compared with $285.9 million in 2021. Production in the retail mortgage division decreased to $5.5 billion in 2022, compared with $8.9 billion in 2021, while gain on sale spreads narrowed to 2.27% in 2022 from 3.31% in 2021. Other noninterest income increased $21.1 million, or 70.7%, to $50.9 million for 2022, compared with $29.8 million for 2021, primarily as a result of an $18.1 million increase in noninterest income in our equipment finance division of the bank. Also contributing to the increase were increases of $1.9 million in both BOLI income and swap fee income.

***Noninterest Expense***

Noninterest expense decreased $4.5 million, or 3.2%, to $135.1 million during the fourth quarter of 2022, compared with $139.6 million for the third quarter of 2022. During the fourth quarter of 2022, the Company recorded merger and conversion charges of $235,000, compared with natural disaster and pandemic charges of $151,000 during the third quarter of 2022. Excluding those charges, adjusted expenses<sup>(1)</sup> decreased approximately $4.6 million, or 3.3%, to $134.8 million in the fourth quarter of 2022, from $139.4 million in the third quarter of 2022. The decrease in adjusted expenses<sup>(1)</sup> resulted from a $7.3 million decline in mortgage expenses related to reduced production, offset by a $3.0 million increase in the banking division, the majority of which was related to compensation, incentives and benefits. Management continues to deliver high performing operating efficiency, as the adjusted efficiency ratio<sup>(1)</sup> decreased to 49.92% in the fourth quarter of 2022, compared with 50.06% in the third quarter of 2022.

For the full year 2022, noninterest expense increased $531,000 to $560.7 million, compared with $560.1 million in 2021. During 2022, the Company recorded $1.3 million of charges to earnings, the majority of which related to merger and conversion charges, compared with $4.7 million in charges in 2021 that were principally related to merger and conversion charges. Excluding these charges, adjusted expenses increased $3.9 million, or 0.7%, to $559.3 million in 2022, from $555.4 million in 2021. This increase is primarily attributable to expansion of our equipment finance division in December 2021, partially offset by a reduction in variable expenses related to mortgage production.

***Income Tax Expense***

The Company's effective tax rate for 2022 was 23.5%, compared with 24.0% in 2021. The Company's effective tax rate for the fourth quarter of 2022 was 21.3%, compared with 23.6% in the third quarter of 2022. The decreased rate for the fourth quarter of 2022 was primarily a result of the impact of state rates applied to the Company's deferred tax asset.

***Balance Sheet Trends***

Total assets at December 31, 2022 were $25.05 billion, compared with $23.86 billion at December 31, 2021. The Company has improved the earning asset mix through a shift in reinvestment of excess liquidity to the securities portfolio and loans held for investment. Debt securities available-for-sale increased $907.4 million, or 153.1%, from $592.6 million at December 31, 2021 to $1.50 billion at December 31, 2022. Loans, net of unearned income, increased $3.98 billion, or 25.1%, to $19.86 billion at December 31, 2022, compared with $15.87 billion at December 31, 2021. Organic loan growth in the fourth quarter of 2022 was $576.1 million, or 12.3% annualized, which was diversified across the portfolio, including commercial and industrial, residential mortgages, construction and mortgage warehouse. The Company purchased approximately $472 million of cash value life insurance secured loans during the fourth quarter of 2022, complementing our existing offerings of this product. Loans held for sale decreased $862.6 million from $1.25 billion at December 31, 2021 to $392.1 million at December 31, 2022 due to a decline in mortgage activity resulting from the rising rate environment.

At December 31, 2022, total deposits amounted to $19.46 billion, or 90.7% of total funding, compared with $19.67 billion and 95.8%, respectively, at December 31, 2021. At December 31, 2022, noninterest-bearing deposit accounts were $7.93 billion, or 40.7% of total deposits, compared with $7.77 billion, or 39.5% of total deposits, at December 31, 2021. Non-rate sensitive deposits (including noninterest-bearing, NOW and savings) totaled $12.80 billion at December 31, 2022, compared with $12.52 billion at December 31, 2021. These funds represented 65.7% of the Company's total deposits at December 31, 2022, compared with 63.6% at the end of 2021, which continues to positively impact the cost of funds sensitivity in a rising rate environment.

Shareholders' equity at December 31, 2022 totaled $3.20 billion, an increase of $230.9 million, or 7.8%, from December 31, 2021. The increase in shareholders' equity was primarily the result of earnings of $346.5 million during 2022, partially offset by dividends declared, share repurchases and the impact to other comprehensive income resulting from rising rates on our investment portfolio. Tangible book value per share<sup>(1)</sup> increased $1.30 per share, or 18.0% annualized, during the fourth quarter to $29.92 at December 31, 2022. The Company recorded an improvement of $0.06 per share of tangible book value<sup>(1)</sup> this quarter from other comprehensive income related to the decrease in net unrealized losses on the securities portfolio. For the year-to-date period, tangible book value per share<sup>(1)</sup> increased $3.66, or 13.9%, to $29.92 at December 31, 2022, compared with $26.26 at December 31, 2021. Tangible common equity as a percentage of tangible assets was 8.67% at December 31, 2022, compared with 8.05% at the end of 2021.

***Credit Quality***

Credit quality remains strong in the Company. During the fourth quarter of 2022, the Company recorded a provision for credit losses of $32.9 million, compared with a provision of $17.7 million in the third quarter of 2022. The fourth quarter provision was primarily attributable to loan growth of $1.05 billion during the quarter, the updated economic forecast and the related impacts to unfunded commitments. Nonperforming assets as a percentage of total assets increased six basis points to 0.61% during the quarter. Approximately $69.6 million, or 45.3%, of the nonperforming assets at December 31, 2022 were GNMA-guaranteed mortgage loans, which have minimal loss exposure. Excluding these government-guaranteed loans, nonperforming assets as a percentage of total assets were only 0.34% at December 31, 2022, compared with 0.32% at September 30, 2022. The net charge-off ratio was eight basis points for the fourth quarter of 2022, compared with 11 basis points in the third quarter of 2022 and a net recovery of one basis point in the fourth quarter of 2021.

***Conference Call***

The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, January 27, 2023, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-200-6205 (or 1-929-526-1599 for international participants). The conference call access code is 929912. A replay of the call will be available one hour after the end of the conference call until February 10, 2023. To listen to the replay, dial 1-866-813-9403. The conference replay access code is 597631. The financial information discussed will also be available on the Investor Relations page of the Ameris Bank website at <u>ir.amerisbank.com</u>.

***About Ameris Bancorp***

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. The Company's banking subsidiary, Ameris Bank, had 164 locations in Georgia, Alabama, Florida, North Carolina and South Carolina at the end of the most recent quarter.

<sup>(1)</sup> Considered non-GAAP financial measure - See reconciliation of GAAP to non-GAAP financial measures in tables 9A - 9D

*This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The Company's management uses these non-GAAP financial measures in its analysis of the Company's performance. These measures are useful when evaluating the underlying performance and efficiency of the Company's operations and balance sheet. The Company's management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company's management believes that investors may use these non-GAAP financial measures to evaluate the Company's financial performance without the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies.*

*This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy; competitive pressures on product pricing and services; the cost savings and any revenue synergies expected to result from acquisition transactions, which may not be fully realized within the expected timeframes if at all; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements.*

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Financial Highlights** | **Table 1** | **Table 1** | **Table 1** | **Table 1** | **Table 1** | **Table 1** | **Table 1** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands except per share data)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **EARNINGS** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income | $82221 | $92555 | $90066 | $81698 | $81944 | $346540 | $376913 |
| &nbsp;&nbsp;&nbsp;Adjusted net income | $81086 | $91817 | $81473 | $75039 | $81544 | $329415 | $368699 |
| **COMMON SHARE DATA** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Earnings per share available to common shareholders |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.19 | $1.34 | $1.30 | $1.18 | $1.18 | $5.01 | $5.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | $1.18 | $1.34 | $1.30 | $1.17 | $1.18 | $4.99 | $5.40 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted EPS<sup>(1)</sup> | $1.17 | $1.32 | $1.18 | $1.08 | $1.17 | $4.75 | $5.29 |
| &nbsp;&nbsp;&nbsp;Cash dividends per share | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.60 | $0.60 |
| &nbsp;&nbsp;&nbsp;Book value per share (period end) | $46.09 | $44.97 | $44.31 | $43.31 | $42.62 | $46.09 | $42.62 |
| &nbsp;&nbsp;&nbsp;Tangible book value per share (period end)<sup>(1)</sup> | $29.92 | $28.62 | $27.89 | $26.84 | $26.26 | $29.92 | $26.26 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 69138431 | 69124855 | 69136046 | 69345735 | 69398594 | 69193591 | 69431860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 69395224 | 69327414 | 69316258 | 69660990 | 69738426 | 69419721 | 69761394 |
| &nbsp;&nbsp;&nbsp;Period end number of shares | 69369050 | 69352709 | 69360461 | 69439084 | 69609228 | 69369050 | 69608228 |
| &nbsp;&nbsp;&nbsp;Market data |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;High intraday price | $54.24 | $50.94 | $46.28 | $55.62 | $56.64 | $55.62 | $59.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Low intraday price | $44.61 | $38.22 | $39.37 | $43.56 | $46.20 | $38.22 | $36.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Period end closing price | $47.14 | $44.71 | $40.18 | $43.88 | $49.68 | $47.14 | $49.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average daily volume | $340890 | $346522 | $446121 | $471858 | $350119 | $400670 | $407447 |
| **PERFORMANCE RATIOS** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average assets | 1.34% | 1.56% | 1.54% | 1.42% | 1.41% | 1.47% | 1.73% |
| &nbsp;&nbsp;&nbsp;Adjusted return on average assets<sup>(1)</sup> | 1.32% | 1.54% | 1.40% | 1.31% | 1.40% | 1.39% | 1.69% |
| &nbsp;&nbsp;&nbsp;Return on average common equity | 10.30% | 11.76% | 11.87% | 11.06% | 11.06% | 11.24% | 13.33% |
| &nbsp;&nbsp;&nbsp;Adjusted return on average tangible common equity<sup>(1)</sup> | 15.78% | 18.33% | 17.18% | 16.38% | 16.88% | 16.92% | 20.19% |
| &nbsp;&nbsp;&nbsp;Earning asset yield (TE) | 4.91% | 4.37% | 3.88% | 3.56% | 3.39% | 4.19% | 3.56% |
| &nbsp;&nbsp;&nbsp;Total cost of funds | 0.94% | 0.42% | 0.22% | 0.22% | 0.23% | 0.46% | 0.25% |
| &nbsp;&nbsp;&nbsp;Net interest margin (TE) | 4.03% | 3.97% | 3.66% | 3.35% | 3.18% | 3.76% | 3.32% |
| &nbsp;&nbsp;&nbsp;Noninterest income excluding securities transactions, as a percent of total revenue (TE) | 14.97% | 21.74% | 29.09% | 32.05% | 31.31% | 24.04% | 34.01% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 49.57% | 50.15% | 51.67% | 55.43% | 55.66% | 51.65% | 54.87% |
| &nbsp;&nbsp;&nbsp;Adjusted efficiency ratio (TE)<sup>(1)</sup> | 49.92% | 50.06% | 53.66% | 56.95% | 54.85% | 52.54% | 55.00% |
| **CAPITAL ADEQUACY (period end)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Shareholders' equity to assets | 12.76% | 13.10% | 12.97% | 12.76% | 12.43% | 12.76% | 12.43% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets<sup>(1)</sup> | 8.67% | 8.75% | 8.58% | 8.32% | 8.05% | 8.67% | 8.05% |
| **OTHER DATA (period end)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Full time equivalent employees |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banking Division | 2079 | 2071 | 2050 | 2033 | 2008 | 2079 | 2008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retail Mortgage Division | 633 | 671 | 712 | 714 | 739 | 633 | 739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warehouse Lending Division | 8 | 9 | 9 | 10 | 12 | 8 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SBA Division | 39 | 40 | 36 | 35 | 34 | 39 | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premium Finance Division | 76 | 77 | 78 | 77 | 72 | 76 | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Ameris Bancorp FTE headcount | 2835 | 2868 | 2885 | 2869 | 2865 | 2835 | 2865 |
| &nbsp;&nbsp;&nbsp;Assets per Banking Division FTE | $12051 | $11499 | $11555 | $11589 | $11882 | $12051 | $11882 |
| &nbsp;&nbsp;&nbsp;Branch locations | 164 | 164 | 164 | 165 | 165 | 164 | 165 |
| &nbsp;&nbsp;&nbsp;Deposits per branch location | $118675 | $118701 | $120030 | $118718 | $119185 | $118675 | $119185 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Income Statement** | **Table 2** | **Table 2** | **Table 2** | **Table 2** | **Table 2** | **Table 2** | **Table 2** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands except per share data)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **Interest income** |  |  |  |  |  |  |  |
| Interest and fees on loans | $250263 | $216400 | $190740 | $177566 | $170813 | $834969 | $676089 |
| Interest on taxable securities | 13029 | 10324 | 7064 | 4239 | 5866 | 34656 | 22524 |
| Interest on nontaxable securities | 358 | 363 | 269 | 186 | 156 | 1176 | 575 |
| Interest on deposits in other banks | 9984 | 7188 | 4463 | 1373 | 1521 | 23008 | 3882 |
| Interest on federal funds sold | 8 | 27 | 32 | 10 | 9 | 77 | 42 |
| **Total interest income** | 273642 | 234302 | 202568 | 183374 | 178365 | 893886 | 703112 |
| **Interest expense** |  |  |  |  |  |  |  |
| Interest on deposits | 33071 | 14034 | 4908 | 4092 | 4678 | 56105 | 22357 |
| Interest on other borrowings | 16434 | 7287 | 6296 | 6738 | 6850 | 36755 | 25428 |
| **Total interest expense** | 49505 | 21321 | 11204 | 10830 | 11528 | 92860 | 47785 |
| **Net interest income** | 224137 | 212981 | 191364 | 172544 | 166837 | 801026 | 655327 |
| Provision for loan losses | 24648 | 17469 | 13227 | (2734) | (13619) | 52610 | (35081) |
| Provision for unfunded commitments | 8246 | 192 | 1779 | 9009 | 16388 | 19226 | 332 |
| Provision for other credit losses | (4) | (9) | (82) | (44) | (10) | (139) | (616) |
| **Provision for credit losses** | 32890 | 17652 | 14924 | 6231 | 2759 | 71697 | (35365) |
| **Net interest income after provision for credit losses** | 191247 | 195329 | 176440 | 166313 | 164078 | 729329 | 690692 |
| **Noninterest income** |  |  |  |  |  |  |  |
| Service charges on deposit accounts | 11125 | 11168 | 11148 | 11058 | 11784 | 44499 | 45106 |
| Mortgage banking activity | 22855 | 40350 | 58761 | 62938 | 60723 | 184904 | 285900 |
| Other service charges, commissions and fees | 968 | 970 | 998 | 939 | 962 | 3875 | 4188 |
| Gain (loss) on securities | 3 | (21) | 248 | (27) | (4) | 203 | 515 |
| Other noninterest income | 13397 | 12857 | 12686 | 12003 | 8304 | 50943 | 29835 |
| **Total noninterest income** | 48348 | 65324 | 83841 | 86911 | 81769 | 284424 | 365544 |
| **Noninterest expense** |  |  |  |  |  |  |  |
| Salaries and employee benefits | 75196 | 78697 | 81545 | 84281 | 76615 | 319719 | 337776 |
| Occupancy and equipment | 12905 | 12983 | 12746 | 12727 | 13494 | 51361 | 48066 |
| Data processing and communications expenses | 12486 | 12015 | 12155 | 12572 | 11534 | 49228 | 45976 |
| Credit resolution-related expenses<sup>(1)</sup> | 372 | 126 | 496 | (965) | 1992 | 29 | 3538 |
| Advertising and marketing | 3818 | 3553 | 3122 | 1988 | 2381 | 12481 | 8434 |
| Amortization of intangible assets | 4709 | 4710 | 5144 | 5181 | 3387 | 19744 | 14965 |
| Merger and conversion charges | 235 |  |  | 977 | 4023 | 1212 | 4206 |
| Other noninterest expenses | 25340 | 27494 | 26988 | 27059 | 24943 | 106881 | 97163 |
| **Total noninterest expense** | 135061 | 139578 | 142196 | 143820 | 138369 | 560655 | 560124 |
| **Income before income tax expense** | 104534 | 121075 | 118085 | 109404 | 107478 | 453098 | 496112 |
| **Income tax expense** | 22313 | 28520 | 28019 | 27706 | 25534 | 106558 | 119199 |
| **Net income** | $82221 | $92555 | $90066 | $81698 | $81944 | $346540 | $376913 |
| **Diluted earnings per common share** | $1.18 | $1.34 | $1.30 | $1.17 | $1.18 | $4.99 | $5.40 |
| (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns. | (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns. | (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns. | (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns. | (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns. | (1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns. |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Period End Balance Sheet** | **Table 3** | **Table 3** | **Table 3** | **Table 3** | **Table 3** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** |
| **Assets** |  |  |  |  |  |
| Cash and due from banks | $284567 | $269193 | $345627 | $257316 | $307813 |
| Federal funds sold and interest-bearing deposits in banks | 833565 | 1061975 | 1961209 | 3541144 | 3756844 |
| Debt securities available-for-sale, at fair value | 1500060 | 1255149 | 1052268 | 579204 | 592621 |
| Debt securities held-to-maturity, at amortized cost | 134864 | 130214 | 111654 | 91454 | 79850 |
| Other investments | 110992 | 60560 | 49500 | 49395 | 47552 |
| Loans held for sale | 392078 | 297987 | 555665 | 901550 | 1254632 |
| Loans, net of unearned income | 19855253 | 18806856 | 17561022 | 16143801 | 15874258 |
| Allowance for credit losses | (205677) | (184891) | (172642) | (161251) | (167582) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans, net | 19649576 | 18621965 | 17388380 | 15982550 | 15706676 |
| Other real estate owned | 843 | 843 | 835 | 1910 | 3810 |
| Premises and equipment, net | 220283 | 222694 | 224249 | 224293 | 225400 |
| Goodwill | 1015646 | 1023071 | 1023056 | 1022345 | 1012620 |
| Other intangible assets, net | 106194 | 110903 | 115613 | 120757 | 125938 |
| Cash value of bank owned life insurance | 388405 | 386533 | 384862 | 332914 | 331146 |
| Other assets | 416213 | 372570 | 474552 | 455460 | 413419 |
| **Total assets** | $25053286 | $23813657 | $23687470 | $23560292 | $23858321 |
| **Liabilities** |  |  |  |  |  |
| Deposits |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $7929579 | $8343200 | $8262929 | $7870207 | $7774823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | 11533159 | 11123719 | 11422053 | 11718234 | 11890730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 19462738 | 19466919 | 19684982 | 19588441 | 19665553 |
| Federal funds purchased and securities sold under agreements to repurchase |  |  | 953 | 2065 | 5845 |
| Other borrowings | 1875736 | 725664 | 425592 | 425520 | 739879 |
| Subordinated deferrable interest debentures | 128322 | 127823 | 127325 | 126827 | 126328 |
| Other liabilities | 389090 | 374181 | 375242 | 410280 | 354265 |
| **Total liabilities** | 21855886 | 20694587 | 20614094 | 20553133 | 20891870 |
| **Shareholders' Equity** |  |  |  |  |  |
| Preferred stock |  |  |  |  |  |
| Common stock | 72264 | 72247 | 72251 | 72212 | 72017 |
| Capital stock | 1935211 | 1932906 | 1931088 | 1928702 | 1924813 |
| Retained earnings | 1311258 | 1239477 | 1157359 | 1077725 | 1006436 |
| Accumulated other comprehensive income (loss), net of tax | (46507) | (50734) | (12635) | (1841) | 15590 |
| Treasury stock | (74826) | (74826) | (74687) | (69639) | (52405) |
| **Total shareholders' equity** | 3197400 | 3119070 | 3073376 | 3007159 | 2966451 |
| **Total liabilities and shareholders' equity** | $25053286 | $23813657 | $23687470 | $23560292 | $23858321 |
| **Other Data** |  |  |  |  |  |
| Earning assets | $22826812 | $21612741 | $21291318 | $21306548 | $21605757 |
| Intangible assets | 1121840 | 1133974 | 1138669 | 1143102 | 1138558 |
| Interest-bearing liabilities | 13537217 | 11977206 | 11975923 | 12272646 | 12762782 |
| Average assets | 24354979 | 23598465 | 23405201 | 23275654 | 23054847 |
| Average common shareholders' equity | 3168320 | 3123718 | 3043280 | 2994652 | 2939507 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Asset Quality Information** | **Table 4** | **Table 4** | **Table 4** | **Table 4** | **Table 4** | **Table 4** | **Table 4** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **Allowance for Credit Losses** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Balance at beginning of period | $229135 | $216703 | $203615 | $200981 | $188234 | $200981 | $233105 |
| &nbsp;&nbsp;&nbsp;Acquired allowance for purchased credit deteriorated loans |  |  |  |  | 9432 |  | 9432 |
| &nbsp;&nbsp;&nbsp;Provision for loan losses | 24648 | 17469 | 13227 | (2734) | (13619) | 52610 | (35081) |
| &nbsp;&nbsp;&nbsp;Provision for unfunded commitments | 8246 | 192 | 1779 | 9009 | 16388 | 19226 | 332 |
| &nbsp;&nbsp;&nbsp;Provision for other credit losses | (4) | (9) | (82) | (44) | (10) | (139) | (616) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 32890 | 17652 | 14924 | 6231 | 2759 | 71697 | (35365) |
| &nbsp;&nbsp;&nbsp;Charge-offs | 8371 | 9272 | 6853 | 8579 | 3367 | 33075 | 21616 |
| &nbsp;&nbsp;&nbsp;Recoveries | 4509 | 4052 | 5017 | 4982 | 3923 | 18560 | 15425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net charge-offs (recoveries) | 3862 | 5220 | 1836 | 3597 | (556) | 14515 | 6191 |
| &nbsp;&nbsp;&nbsp;Ending balance | $258163 | $229135 | $216703 | $203615 | $200981 | $258163 | $200981 |
| &nbsp;&nbsp;Allowance for loan losses | $205677 | $184891 | $172642 | $161251 | $167582 | $205677 | $167582 |
| &nbsp;&nbsp;Allowance for unfunded commitments | 52411 | 44165 | 43973 | 42194 | 33185 | 52411 | 33185 |
| &nbsp;&nbsp;Allowance for other credit losses | 75 | 79 | 88 | 170 | 214 | 75 | 214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total allowance for credit losses | $258163 | $229135 | $216703 | $203615 | $200981 | $258163 | $200981 |
| **Net Charge-off Information** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Charge-offs** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial, financial and agricultural | $5108 | $4722 | $4391 | $4414 | $1003 | $18635 | $7760 |
| &nbsp;&nbsp;&nbsp;Consumer | 1136 | 1228 | 1137 | 1425 | 1484 | 4926 | 6248 |
| &nbsp;&nbsp;&nbsp;Indirect automobile | 86 | 50 | 41 | 88 | 40 | 265 | 1188 |
| &nbsp;&nbsp;&nbsp;Premium Finance | 1812 | 1205 | 1066 | 1369 | 526 | 5452 | 3668 |
| &nbsp;&nbsp;&nbsp;Real estate - construction and development | 27 |  |  |  | 21 | 27 | 233 |
| &nbsp;&nbsp;&nbsp;Real estate - commercial and farmland | 196 | 2014 | 81 | 1283 | 220 | 3574 | 1852 |
| &nbsp;&nbsp;&nbsp;Real estate - residential | 6 | 53 | 137 |  | 73 | 196 | 667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total charge-offs | 8371 | 9272 | 6853 | 8579 | 3367 | 33075 | 21616 |
| &nbsp;&nbsp;&nbsp;**Recoveries** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial, financial and agricultural | 2072 | 2201 | 2785 | 2896 | 2389 | 9954 | 5727 |
| &nbsp;&nbsp;&nbsp;Consumer | 217 | 277 | 230 | 158 | 172 | 882 | 939 |
| &nbsp;&nbsp;&nbsp;Indirect automobile | 229 | 276 | 265 | 275 | 329 | 1045 | 1679 |
| &nbsp;&nbsp;&nbsp;Premium Finance | 1682 | 1023 | 1113 | 1247 | 633 | 5065 | 4870 |
| &nbsp;&nbsp;&nbsp;Real estate - construction and development | 223 | 96 | 355 | 218 | 210 | 892 | 506 |
| &nbsp;&nbsp;&nbsp;Real estate - commercial and farmland | 48 | 96 | 44 | 37 | 81 | 225 | 573 |
| &nbsp;&nbsp;&nbsp;Real estate - residential | 38 | 83 | 225 | 151 | 109 | 497 | 1131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total recoveries | 4509 | 4052 | 5017 | 4982 | 3923 | 18560 | 15425 |
| &nbsp;&nbsp;&nbsp;**Net charge-offs (recoveries)** | $3862 | $5220 | $1836 | $3597 | $(556) | $14515 | $6191 |
| **Non-Performing Assets** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual portfolio loans | $65221 | $64055 | $72352 | $59316 | $54905 | $65221 | $54905 |
| &nbsp;&nbsp;&nbsp;Other real estate owned | 843 | 843 | 835 | 1910 | 3810 | 843 | 3810 |
| &nbsp;&nbsp;&nbsp;Repossessed assets | 28 | 60 | 122 | 139 | 84 | 28 | 84 |
| &nbsp;&nbsp;&nbsp;Accruing loans delinquent 90 days or more | 17865 | 12378 | 8542 | 6584 | 12648 | 17865 | 12648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-performing portfolio assets | $83957 | $77336 | $81851 | $67949 | $71447 | $83957 | $71447 |
| &nbsp;&nbsp;&nbsp;Serviced GNMA-guaranteed mortgage nonaccrual loans | 69587 | 54621 | 50560 | 43281 | 30361 | 69587 | 30361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-performing assets | $153544 | $131957 | $132411 | $111230 | $101808 | $153544 | $101808 |
| **Asset Quality Ratios** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-performing portfolio assets as a percent of total assets | 0.34% | 0.32% | 0.35% | 0.29% | 0.30% | 0.34% | 0.30% |
| &nbsp;&nbsp;&nbsp;Total non-performing assets as a percent of total assets | 0.61% | 0.55% | 0.56% | 0.47% | 0.43% | 0.61% | 0.43% |
| &nbsp;&nbsp;&nbsp;Net charge-offs as a percent of average loans (annualized) | 0.08% | 0.11% | 0.04% | 0.09% | (0.01) % | 0.08% | 0.04% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Loan Information** | **Table 5** | **Table 5** | **Table 5** | **Table 5** | **Table 5** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** |
| **Loans by Type** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial, financial and agricultural | $2679403 | $2245287 | $2022845 | $1836663 | $1875993 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 384037 | 162345 | 167237 | 173642 | 191298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indirect automobile | 108648 | 137183 | 172245 | 214120 | 265779 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage warehouse | 1038924 | 980342 | 949191 | 732375 | 787837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal | 509151 | 516797 | 529268 | 547926 | 572701 |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium Finance | 1023479 | 1062724 | 942357 | 819163 | 798409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - construction and development | 2086438 | 2009726 | 1747284 | 1577215 | 1452339 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - commercial and farmland | 7604868 | 7516309 | 7156017 | 6924475 | 6834917 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - residential | 4420305 | 4176143 | 3874578 | 3318222 | 3094985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total loans** | $19855253 | $18806856 | $17561022 | $16143801 | $15874258 |
| **Troubled Debt Restructurings** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Accruing troubled debt restructurings**  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial, financial and agricultural | $835 | $1342 | $964 | $868 | $1286 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 3 | 6 | 9 | 13 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indirect automobile | 533 | 595 | 759 | 893 | 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium Finance | 171 | 455 | 993 | 162 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - construction and development | 693 | 698 | 706 | 725 | 789 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - commercial and farmland | 7995 | 8091 | 8213 | 17161 | 35575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - residential | 24166 | 24516 | 24456 | 24664 | 26879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total accruing troubled debt restructurings** | $34396 | $35703 | $36100 | $44486 | $65582 |
| &nbsp;&nbsp;&nbsp;**Nonaccrual troubled debt restructurings** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial, financial and agricultural | $743 | $353 | $364 | $72 | $83 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer | 11 | 12 | 14 | 31 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indirect automobile | 55 | 101 | 122 | 221 | 273 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - construction and development | 17 | 24 |  | 11 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - commercial and farmland | 767 | 66 | 788 | 788 | 5924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate - residential | 4181 | 3494 | 4369 | 4341 | 4678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total nonaccrual troubled debt restructurings** | $5774 | $4050 | $5657 | $5464 | $11006 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total troubled debt restructurings** | $40170 | $39753 | $41757 | $49950 | $76588 |
| **Loans by Risk Grade** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Grades 1 through 5 - Pass | $19513726 | $18483046 | $17296520 | $15899956 | $15614323 |
| &nbsp;&nbsp;&nbsp;&nbsp;Grade 6 - Other assets especially mentioned | 104614 | 110408 | 68444 | 51670 | 78957 |
| &nbsp;&nbsp;&nbsp;&nbsp;Grade 7 - Substandard | 236913 | 213402 | 196058 | 192175 | 180978 |
| &nbsp;&nbsp;&nbsp;&nbsp;Grade 8 - Doubtful |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Grade 9 - Loss |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total loans** | $19855253 | $18806856 | $17561022 | $16143801 | $15874258 |

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---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Average Balances** | **Table 6** | **Table 6** | **Table 6** | **Table 6** | **Table 6** | **Table 6** | **Table 6** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **Earning Assets** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Federal funds sold | $924 | $5000 | $17692 | $20000 | $20000 | $10836 | $20000 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits in banks | 1009935 | 1394529 | 2209761 | 3393238 | 3719878 | 1993672 | 2857141 |
| &nbsp;&nbsp;&nbsp;Time deposits in other banks |  |  |  |  |  |  | 122 |
| &nbsp;&nbsp;&nbsp;Debt securities - taxable | 1451861 | 1242811 | 932824 | 623498 | 698915 | 1065511 | 793883 |
| &nbsp;&nbsp;&nbsp;Debt securities - nontaxable | 44320 | 45730 | 39236 | 29605 | 22639 | 39779 | 19793 |
| &nbsp;&nbsp;&nbsp;Other investments | 83730 | 51209 | 49550 | 47872 | 31312 | 58170 | 28525 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 371952 | 471070 | 944964 | 1097098 | 1365886 | 718599 | 1463614 |
| &nbsp;&nbsp;&nbsp;Loans | 19212560 | 18146083 | 16861674 | 15821397 | 15119752 | 17521461 | 14703957 |
| **Total Earning Assets** | $22175282 | $21356432 | $21055701 | $21032708 | $20978382 | $21408028 | $19887035 |
| **Deposits** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | $8138887 | $8259625 | $7955765 | $7658451 | $7600284 | $8005201 | $7017614 |
| &nbsp;&nbsp;&nbsp;NOW accounts | 3621454 | 3701045 | 3695490 | 3684772 | 3651595 | 3675586 | 3400441 |
| &nbsp;&nbsp;&nbsp;MMDA | 5161047 | 5026815 | 5087199 | 5240922 | 5209653 | 5128497 | 4953748 |
| &nbsp;&nbsp;&nbsp;Savings accounts | 1010966 | 1030298 | 1007340 | 973724 | 928954 | 1005752 | 884623 |
| &nbsp;&nbsp;&nbsp;Retail CDs | 1450037 | 1506761 | 1693740 | 1774016 | 1827852 | 1604978 | 1953927 |
| &nbsp;&nbsp;&nbsp;Brokered CDs |  |  |  |  |  |  | 625 |
| **Total Deposits** | 19382391 | 19524544 | 19439534 | 19331885 | 19218338 | 19420014 | 18210978 |
| **Non-Deposit Funding** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Federal funds purchased and securities sold under agreements to repurchase | 1 | 92 | 1854 | 4020 | 5559 | 1477 | 6700 |
| &nbsp;&nbsp;&nbsp;FHLB advances | 918228 | 94357 | 48746 | 48786 | 48828 | 279409 | 48888 |
| &nbsp;&nbsp;&nbsp;Other borrowings | 377056 | 376942 | 376829 | 443657 | 468058 | 393393 | 399485 |
| &nbsp;&nbsp;&nbsp;Subordinated deferrable interest debentures | 128060 | 127560 | 127063 | 126563 | 126067 | 127316 | 125324 |
| **Total Non-Deposit Funding** | 1423345 | 598951 | 554492 | 623026 | 648512 | 801595 | 580397 |
| **Total Funding** | $20805736 | $20123495 | $19994026 | $19954911 | $19866850 | $20221609 | $18791375 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Interest Income and Interest Expense (TE)** | **Table 7** | **Table 7** | **Table 7** | **Table 7** | **Table 7** | **Table 7** | **Table 7** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **Interest Income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Federal funds sold | $8 | $27 | $32 | $10 | $9 | $77 | $42 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits in banks | 9984 | 7188 | 4463 | 1373 | 1521 | 23008 | 3880 |
| &nbsp;&nbsp;&nbsp;Time deposits in other banks |  |  |  |  |  |  | 2 |
| &nbsp;&nbsp;&nbsp;Debt securities - taxable | 13029 | 10324 | 7064 | 4239 | 5866 | 34656 | 22524 |
| &nbsp;&nbsp;&nbsp;Debt securities - nontaxable (TE) | 454 | 459 | 341 | 235 | 198 | 1489 | 728 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 5519 | 6012 | 10036 | 8132 | 9433 | 29699 | 42651 |
| &nbsp;&nbsp;&nbsp;Loans (TE) | 245603 | 211223 | 181602 | 170398 | 162415 | 808826 | 637861 |
| **Total Earning Assets** | $274597 | $235233 | $203538 | $184387 | $179442 | $897755 | $707688 |
| &nbsp;&nbsp;&nbsp;Accretion income (included above) | $(315) | $(597) | $(379) | $1006 | $2812 | $(285) | $16349 |
| **Interest Expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Interest-Bearing Deposits** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW accounts | $8564 | $3733 | $1246 | $824 | $864 | $14367 | $3414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MMDA | 20683 | 8613 | 2204 | 1643 | 1971 | 33143 | 7847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings accounts | 654 | 360 | 140 | 133 | 128 | 1287 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retail CDs | 3170 | 1328 | 1318 | 1492 | 1715 | 7308 | 10575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered CDs |  |  |  |  |  |  | 18 |
| &nbsp;&nbsp;&nbsp;**Total Interest-Bearing Deposits** | 33071 | 14034 | 4908 | 4092 | 4678 | 56105 | 22357 |
| &nbsp;&nbsp;&nbsp;**Non-Deposit Funding** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal funds purchased and securities sold under agreements to repurchase |  |  | 1 | 3 | 4 | 4 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FHLB advances | 8801 | 527 | 192 | 190 | 195 | 9710 | 775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 4953 | 4655 | 4437 | 5164 | 5317 | 19209 | 19278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated deferrable interest debentures | 2680 | 2105 | 1666 | 1381 | 1334 | 7832 | 5355 |
| &nbsp;&nbsp;&nbsp;**Total Non-Deposit Funding** | 16434 | 7287 | 6296 | 6738 | 6850 | 36755 | 25428 |
| &nbsp;&nbsp;&nbsp;**Total Interest-Bearing Funding** | $49505 | $21321 | $11204 | $10830 | $11528 | $92860 | $47785 |
| **Net Interest Income (TE)** | $225092 | $213912 | $192334 | $173557 | $167914 | $804895 | $659903 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Yields<sup>(1)</sup>**  | **Table 8** | **Table 8** | **Table 8** | **Table 8** | **Table 8** | **Table 8** | **Table 8** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
|  | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **Earning Assets** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Federal funds sold | 3.43% | 2.14% | 0.73% | 0.20% | 0.18% | 0.71% | 0.21% |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits in banks | 3.92% | 2.04% | 0.81% | 0.16% | 0.16% | 1.15% | 0.14% |
| &nbsp;&nbsp;&nbsp;Time deposits in other banks | — % | — % | — % | — % | — % | — % | 1.64% |
| &nbsp;&nbsp;&nbsp;Debt securities - taxable | 3.56% | 3.30% | 3.04% | 2.76% | 3.33% | 3.25% | 2.84% |
| &nbsp;&nbsp;&nbsp;Debt securities - nontaxable (TE) | 4.06% | 3.98% | 3.49% | 3.22% | 3.47% | 3.74% | 3.68% |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 5.89% | 5.06% | 4.26% | 3.01% | 2.74% | 4.13% | 2.91% |
| &nbsp;&nbsp;&nbsp;Loans (TE) | 5.07% | 4.62% | 4.32% | 4.37% | 4.26% | 4.62% | 4.34% |
| **Total Earning Assets** | 4.91% | 4.37% | 3.88% | 3.56% | 3.39% | 4.19% | 3.56% |
| **Interest-Bearing Deposits** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;NOW accounts | 0.94% | 0.40% | 0.14% | 0.09% | 0.09% | 0.39% | 0.10% |
| &nbsp;&nbsp;&nbsp;MMDA | 1.59% | 0.68% | 0.17% | 0.13% | 0.15% | 0.65% | 0.16% |
| &nbsp;&nbsp;&nbsp;Savings accounts | 0.26% | 0.14% | 0.06% | 0.06% | 0.05% | 0.13% | 0.06% |
| &nbsp;&nbsp;&nbsp;Retail CDs | 0.87% | 0.35% | 0.31% | 0.34% | 0.37% | 0.46% | 0.54% |
| &nbsp;&nbsp;&nbsp;Brokered CDs | — % | — % | — % | — % | — % | — % | 2.88% |
| **Total Interest-Bearing Deposits** | 1.17% | 0.49% | 0.17% | 0.14% | 0.16% | 0.49% | 0.20% |
| **Non-Deposit Funding** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Federal funds purchased and securities sold under agreements to repurchase | — % | — % | 0.22% | 0.30% | 0.29% | 0.27% | 0.30% |
| &nbsp;&nbsp;&nbsp;FHLB advances | 3.80% | 2.22% | 1.58% | 1.58% | 1.58% | 3.48% | 1.59% |
| &nbsp;&nbsp;&nbsp;Other borrowings | 5.21% | 4.90% | 4.72% | 4.72% | 4.51% | 4.88% | 4.83% |
| &nbsp;&nbsp;&nbsp;Subordinated deferrable interest debentures | 8.30% | 6.55% | 5.26% | 4.43% | 4.20% | 6.15% | 4.27% |
| **Total Non-Deposit Funding** | 4.58% | 4.83% | 4.55% | 4.39% | 4.19% | 4.59% | 4.38% |
| **Total Interest-Bearing Liabilities** | 1.55% | 0.71% | 0.37% | 0.36% | 0.37% | 0.76% | 0.41% |
| **Net Interest Spread** | 3.36% | 3.66% | 3.51% | 3.20% | 3.02% | 3.43% | 3.15% |
| **Net Interest Margin<sup>(2)</sup>** | 4.03% | 3.97% | 3.66% | 3.35% | 3.18% | 3.76% | 3.32% |
| **Total Cost of Funds<sup>(3)</sup>** | 0.94% | 0.42% | 0.22% | 0.22% | 0.23% | 0.46% | 0.25% |
| (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. | (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. | (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. | (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. | (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. | (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. |  |  |
| (2) Rate calculated based on average earning assets. | (2) Rate calculated based on average earning assets. | (2) Rate calculated based on average earning assets. | (2) Rate calculated based on average earning assets. | (2) Rate calculated based on average earning assets. | (2) Rate calculated based on average earning assets. |  |  |
| (3) Rate calculated based on total average funding including noninterest-bearing deposits. | (3) Rate calculated based on total average funding including noninterest-bearing deposits. | (3) Rate calculated based on total average funding including noninterest-bearing deposits. | (3) Rate calculated based on total average funding including noninterest-bearing deposits. | (3) Rate calculated based on total average funding including noninterest-bearing deposits. | (3) Rate calculated based on total average funding including noninterest-bearing deposits. |  |  |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Non-GAAP Reconciliations** |  |  |  |  |  |  |  |
| **Adjusted Net Income** | **Table 9A** | **Table 9A** | **Table 9A** | **Table 9A** | **Table 9A** | **Table 9A** | **Table 9A** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands except per share data)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| Net income available to common shareholders | $82221 | $92555 | $90066 | $81698 | $81944 | $346540 | $376913 |
| Adjustment items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger and conversion charges | 235 |  |  | 977 | 4023 | 1212 | 4206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on sale of MSR | (1672) | 316 |  |  |  | (1356) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Servicing right impairment (recovery) |  | (1332) | (10838) | (9654) | (4540) | (21824) | (14530) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on BOLI proceeds |  | (55) |  |  |  | (55) | (603) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural disaster and pandemic charges |  | 151 |  |  |  | 151 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on bank premises |  |  | (39) | (6) | (126) | (45) | 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax effect of adjustment items (Note 1) | 302 | 182 | 2284 | 2024 | 243 | 4792 | 2203 |
| After tax adjustment items | (1135) | (738) | (8593) | (6659) | (400) | (17125) | (8214) |
| Adjusted net income | $81086 | $91817 | $81473 | $75039 | $81544 | $329415 | $368699 |
| Weighted average number of shares - diluted | 69395224 | 69327414 | 69316258 | 69660990 | 69738426 | 69419721 | 69761394 |
| Net income per diluted share | $1.18 | $1.34 | $1.30 | $1.17 | $1.18 | $4.99 | $5.40 |
| Adjusted net income per diluted share | $1.17 | $1.32 | $1.18 | $1.08 | $1.17 | $4.75 | $5.29 |
| Average assets | $24354979 | $23598465 | $23405201 | $23275654 | $23054847 | $23644754 | $21847731 |
| Return on average assets | 1.34% | 1.56% | 1.54% | 1.42% | 1.41% | 1.47% | 1.73% |
| Adjusted return on average assets | 1.32% | 1.54% | 1.40% | 1.31% | 1.40% | 1.39% | 1.69% |
| Average common equity | $3168320 | $3123718 | $3043280 | $2994652 | $2939507 | $3083081 | $2827669 |
| Average tangible common equity | $2039094 | $1987385 | $1902265 | $1857713 | $1916783 | $1947222 | $1826433 |
| Return on average common equity | 10.30% | 11.76% | 11.87% | 11.06% | 11.06% | 11.24% | 13.33% |
| Adjusted return on average tangible common equity | 15.78% | 18.33% | 17.18% | 16.38% | 16.88% | 16.92% | 20.19% |
| Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. | Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. | Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. | Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. | Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. | Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. | Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. | Note 1: Tax effect is calculated utilizing a 21% rate for taxable adjustments. Gain on BOLI proceeds is non-taxable and no tax effect is included. A portion of the merger and conversion charges for 1Q22, 4Q21 and both annual periods are nondeductible for tax purposes. |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |  |  |
| **Adjusted Efficiency Ratio (TE)** | **Table 9B** | **Table 9B** | **Table 9B** | **Table 9B** | **Table 9B** | **Table 9B** | **Table 9B** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **Adjusted Noninterest Expense** |  |  |  |  |  |  |  |
| Total noninterest expense | $135061 | $139578 | $142196 | $143820 | $138369 | $560655 | $560124 |
| Adjustment items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merger and conversion charges | (235) |  |  | (977) | (4023) | (1212) | (4206) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural disaster and pandemic charges |  | (151) |  |  |  | (151) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain (loss) on bank premises |  |  | 39 | 6 | 126 | 45 | (510) |
| Adjusted noninterest expense | $134826 | $139427 | $142235 | $142849 | $134472 | $559337 | $555408 |
| **Total Revenue** |  |  |  |  |  |  |  |
| Net interest income | $224137 | $212981 | $191364 | $172544 | $166837 | $801026 | $655327 |
| Noninterest income | 48348 | 65324 | 83841 | 86911 | 81769 | 284424 | 365544 |
| Total revenue | $272485 | $278305 | $275205 | $259455 | $248606 | $1085450 | $1020871 |
| **Adjusted Total Revenue** |  |  |  |  |  |  |  |
| Net interest income (TE) | $225092 | $213912 | $192334 | $173557 | $167914 | $804895 | $659903 |
| Noninterest income | 48348 | 65324 | 83841 | 86911 | 81769 | 284424 | 365544 |
| Total revenue (TE) | 273440 | 279236 | 276175 | 260468 | 249683 | 1089319 | 1025447 |
| Adjustment items: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on securities | (3) | 21 | (248) | 27 | 4 | (203) | (515) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on sale of MSR | (1672) | 316 |  |  |  | (1356) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on BOLI proceeds |  | (55) |  |  |  | (55) | (603) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Servicing right impairment (recovery) |  | (1332) | (10838) | (9654) | (4540) | (21824) | (14530) |
| Adjusted total revenue (TE) | $271765 | $278186 | $265089 | $250841 | $245147 | $1065881 | $1009799 |
| **Efficiency ratio** | 49.57% | 50.15% | 51.67% | 55.43% | 55.66% | 51.65% | 54.87% |
| **Adjusted efficiency ratio (TE)** | 49.92% | 50.06% | 53.66% | 56.95% | 54.85% | 52.54% | 55.00% |
| **Tangible Book Value Per Share** | **Table 9C** | **Table 9C** | **Table 9C** | **Table 9C** | **Table 9C** | **Table 9C** | **Table 9C** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands except per share data)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| Total shareholders' equity | $3197400 | $3119070 | $3073376 | $3007159 | $2966451 | $3197400 | $2966451 |
| Less: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 1015646 | 1023071 | 1023056 | 1022345 | 1012620 | 1015646 | 1012620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other intangibles, net | 106194 | 110903 | 115613 | 120757 | 125938 | 106194 | 125938 |
| Total tangible shareholders' equity | $2075560 | $1985096 | $1934707 | $1864057 | $1827893 | $2075560 | $1827893 |
| Period end number of shares | 69369050 | 69352709 | 69360461 | 69439084 | 69609228 | 69369050 | 69608228 |
| Book value per share (period end) | $46.09 | $44.97 | $44.31 | $43.31 | $42.62 | $46.09 | $42.62 |
| Tangible book value per share (period end) | $29.92 | $28.62 | $27.89 | $26.84 | $26.26 | $29.92 | $26.26 |

---

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |  |  |
| **Tangible Common Equity to Tangible Assets** | **Table 9D** | **Table 9D** | **Table 9D** | **Table 9D** | **Table 9D** | **Table 9D** | **Table 9D** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands except per share data)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| Total shareholders' equity | $3197400 | $3119070 | $3073376 | $3007159 | $2966451 | $3197400 | $2966451 |
| Less: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Goodwill | 1015646 | 1023071 | 1023056 | 1022345 | 1012620 | 1015646 | 1012620 |
| &nbsp;&nbsp;&nbsp;Other intangibles, net | 106194 | 110903 | 115613 | 120757 | 125938 | 106194 | 125938 |
| Total tangible shareholders' equity | $2075560 | $1985096 | $1934707 | $1864057 | $1827893 | $2075560 | $1827893 |
| Total assets | $25053286 | $23813657 | $23687470 | $23560292 | $23858321 | $25053286 | $23858321 |
| Less: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Goodwill | 1015646 | 1023071 | 1023056 | 1022345 | 1012620 | 1015646 | 1012620 |
| &nbsp;&nbsp;&nbsp;Other intangibles, net | 106194 | 110903 | 115613 | 120757 | 125938 | 106194 | 125938 |
| Total tangible assets | $23931446 | $22679683 | $22548801 | $22417190 | $22719763 | $23931446 | $22719763 |
| Equity to Assets | 12.76% | 13.10% | 12.97% | 12.76% | 12.43% | 12.76% | 12.43% |
| Tangible Common Equity to Tangible Assets | 8.67% | 8.75% | 8.58% | 8.32% | 8.05% | 8.67% | 8.05% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Segment Reporting** | **Table 10** | **Table 10** | **Table 10** | **Table 10** | **Table 10** | **Table 10** | **Table 10** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **Banking Division** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net interest income | $185909 | $174507 | $152122 | $133745 | $120572 | $646283 | $457582 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 35946 | 10551 | 10175 | 5226 | 4565 | 61898 | (32866) |
| &nbsp;&nbsp;&nbsp;Noninterest income | 23448 | 23269 | 23469 | 21364 | 18859 | 91550 | 69664 |
| &nbsp;&nbsp;&nbsp;Noninterest expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 52296 | 48599 | 46733 | 49195 | 36522 | 196823 | 157079 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment expenses | 11482 | 11357 | 11168 | 11074 | 11699 | 45081 | 41065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing and telecommunications expenses | 11085 | 10779 | 10863 | 11230 | 10162 | 43957 | 39802 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 21811 | 22974 | 21123 | 20045 | 24048 | 85953 | 84244 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 96674 | 93709 | 89887 | 91544 | 82431 | 371814 | 322190 |
| &nbsp;&nbsp;&nbsp;Income before income tax expense | 76737 | 93516 | 75529 | 58339 | 52435 | 304121 | 237922 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 16545 | 22706 | 19120 | 16996 | 14010 | 75367 | 64446 |
| &nbsp;&nbsp;&nbsp;Net income | $60192 | $70810 | $56409 | $41343 | $38425 | $228754 | $173476 |
| **Retail Mortgage Division** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net interest income | $19837 | $19283 | $20779 | $19295 | $19912 | $79194 | $82718 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | (2778) | 9043 | 4499 | 1587 | 175 | 12351 | 2947 |
| &nbsp;&nbsp;&nbsp;Noninterest income | 24011 | 38584 | 57795 | 61649 | 59650 | 182039 | 281900 |
| &nbsp;&nbsp;&nbsp;Noninterest expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 19164 | 25813 | 31219 | 31614 | 36787 | 107810 | 167796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment expenses | 1242 | 1460 | 1406 | 1471 | 1587 | 5579 | 6206 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing and telecommunications expenses | 1203 | 1082 | 1123 | 1172 | 1213 | 4580 | 5551 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 11126 | 11641 | 12812 | 12645 | 10793 | 48224 | 38295 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 32735 | 39996 | 46560 | 46902 | 50380 | 166193 | 217848 |
| &nbsp;&nbsp;&nbsp;Income before income tax expense | 13891 | 8828 | 27515 | 32455 | 29007 | 82689 | 143823 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 2916 | 1854 | 5779 | 6815 | 6092 | 17364 | 30203 |
| &nbsp;&nbsp;&nbsp;Net income | $10975 | $6974 | $21736 | $25640 | $22915 | $65325 | $113620 |
| **Warehouse Lending Division** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net interest income | $6601 | $6979 | $6700 | $6447 | $8063 | $26727 | $35401 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 117 | (1836) | 867 | (222) | 77 | (1074) | (514) |
| &nbsp;&nbsp;&nbsp;Noninterest income | 579 | 1516 | 1041 | 1401 | 1253 | 4537 | 4603 |
| &nbsp;&nbsp;&nbsp;Noninterest expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 427 | 1055 | 208 | 283 | 258 | 1973 | 1130 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment expenses | 1 | 1 | 1 | 1 | 1 | 4 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing and telecommunications expenses | 49 | 43 | 48 | 47 | 56 | 187 | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 191 | 209 | 212 | 218 | 227 | 830 | 490 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 668 | 1308 | 469 | 549 | 542 | 2994 | 1855 |
| &nbsp;&nbsp;&nbsp;Income before income tax expense | 6395 | 9023 | 6405 | 7521 | 8697 | 29344 | 38663 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 1342 | 1895 | 1346 | 1579 | 1827 | 6162 | 8120 |
| &nbsp;&nbsp;&nbsp;Net income | $5053 | $7128 | $5059 | $5942 | $6870 | $23182 | $30543 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** | **AMERIS BANCORP AND SUBSIDIARIES** |
| **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** | **FINANCIAL TABLES** |
| **Segment Reporting (continued)** | **Table 10** | **Table 10** | **Table 10** | **Table 10** | **Table 10** | **Table 10** | **Table 10** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|  | **Dec** | **Sep** | **Jun** | **Mar** | **Dec** | **Dec** | **Dec** |
| **(dollars in thousands)** | **2022** | **2022** | **2022** | **2022** | **2021** | **2022** | **2021** |
| **SBA Division** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net interest income | $2491 | $2424 | $3798 | $6011 | $11319 | $14724 | $51535 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 265 | 52 | (523) | (143) | (663) | (349) | (2921) |
| &nbsp;&nbsp;&nbsp;Noninterest income | 302 | 1946 | 1526 | 2491 | 2002 | 6265 | 9360 |
| &nbsp;&nbsp;&nbsp;Noninterest expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 1306 | 1412 | 1316 | 1271 | 1217 | 5305 | 4856 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment expenses | 98 | 82 | 81 | 99 | 121 | 360 | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing and telecommunications expenses | 30 | 29 | 29 | 28 | 28 | 116 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 368 | 100 | 539 | 380 | 645 | 1387 | 1594 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 1802 | 1623 | 1965 | 1778 | 2011 | 7168 | 6972 |
| &nbsp;&nbsp;&nbsp;Income before income tax expense | 726 | 2695 | 3882 | 6867 | 11973 | 14170 | 56844 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 153 | 566 | 815 | 1442 | 2514 | 2976 | 11937 |
| &nbsp;&nbsp;&nbsp;Net income | $573 | $2129 | $3067 | $5425 | $9459 | $11194 | $44907 |
| **Premium Finance Division** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net interest income | $9299 | $9788 | $7965 | $7046 | $6971 | $34098 | $28091 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | (660) | (158) | (94) | (217) | (1395) | (1129) | (2011) |
| &nbsp;&nbsp;&nbsp;Noninterest income | 8 | 9 | 10 | 6 | 5 | 33 | 17 |
| &nbsp;&nbsp;&nbsp;Noninterest expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 2003 | 1818 | 2069 | 1918 | 1831 | 7808 | 6915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment expenses | 82 | 83 | 90 | 82 | 86 | 337 | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing and telecommunications expenses | 119 | 82 | 92 | 95 | 75 | 388 | 344 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 978 | 959 | 1064 | 952 | 1013 | 3953 | 3683 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 3182 | 2942 | 3315 | 3047 | 3005 | 12486 | 11259 |
| &nbsp;&nbsp;&nbsp;Income before income tax expense | 6785 | 7013 | 4754 | 4222 | 5366 | 22774 | 18860 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 1357 | 1499 | 959 | 874 | 1091 | 4689 | 4493 |
| &nbsp;&nbsp;&nbsp;Net income | $5428 | $5514 | $3795 | $3348 | $4275 | $18085 | $14367 |
| **Total Consolidated** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net interest income | $224137 | $212981 | $191364 | $172544 | $166837 | $801026 | $655327 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 32890 | 17652 | 14924 | 6231 | 2759 | 71697 | (35365) |
| &nbsp;&nbsp;&nbsp;Noninterest income | 48348 | 65324 | 83841 | 86911 | 81769 | 284424 | 365544 |
| &nbsp;&nbsp;&nbsp;Noninterest expense |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 75196 | 78697 | 81545 | 84281 | 76615 | 319719 | 337776 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment expenses | 12905 | 12983 | 12746 | 12727 | 13494 | 51361 | 48066 |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing and telecommunications expenses | 12486 | 12015 | 12155 | 12572 | 11534 | 49228 | 45976 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expenses | 34474 | 35883 | 35750 | 34240 | 36726 | 140347 | 128306 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 135061 | 139578 | 142196 | 143820 | 138369 | 560655 | 560124 |
| &nbsp;&nbsp;&nbsp;Income before income tax expense | 104534 | 121075 | 118085 | 109404 | 107478 | 453098 | 496112 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 22313 | 28520 | 28019 | 27706 | 25534 | 106558 | 119199 |
| &nbsp;&nbsp;&nbsp;Net income | $82221 | $92555 | $90066 | $81698 | $81944 | $346540 | $376913 |

---

![](abcb-ex99_1i0.jpg)

For more information, contact: Nicole S. Stokes, Chief Financial Officer, (404) 240-1514

## Exhibit 99.2

![Slide 1](abcb-ex99_2s1.jpg)

4th Quarter 2022 Results Investor Presentation Exhibit 99.2

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![Slide 2](abcb-ex99_2s2.jpg)

Cautionary Statements This presentation contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this presentation are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy; competitive pressures on product pricing and services; the cost savings and any revenue synergies expected to result from acquisition transactions, which may not be fully realized within the expected timeframes if at all; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements.

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![Slide 3](abcb-ex99_2s3.jpg)

Ameris Profile Investment Rationale Top of peer financial results Culture of discipline – credit, liquidity, expense control, capital preservation Proven stewards of shareholder value – TBV has grown 11% annualized over past five years Experienced executive team with skills and leadership to continue to grow organically Diversified loan portfolio among geographies and product lines Diversified revenue streams with strong core bank and lines of business Strong Southeastern Markets Atlanta's premier independent banking franchise Scarcity value in one of the fastest growing regions in nation Attractive core deposit base 65% of our franchise is in 5 MSAs, which grew 2x the national average over the last 15 years Greenville MSA Charlotte MSA

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![Slide 4](abcb-ex99_2s4.jpg)

4th Quarter 2022 Financial Results

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![Slide 5](abcb-ex99_2s5.jpg)

4Q 2022 Operating Highlights Net income of $82.2 million, or $1.18 per diluted share Adjusted net income(1) of $81.1 million, or $1.17 per diluted share Growth in tangible book value(1) of $1.30 per share, or 4.5%, to $29.92 at December 31, 2022 Improvement in net interest margin of 6bps, from 3.97% for 3Q22 to 4.03% this quarter Organic loan growth of $576.1 million, or 12.3% annualized Adjusted ROA(1) of 1.32% Adjusted ROTCE(1) of 15.78% Adjusted efficiency ratio(1) of 49.92% 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

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![Slide 6](abcb-ex99_2s6.jpg)

2022 YTD Operating Highlights Net income of $346.5 million, or $4.99 per diluted share Adjusted net income(1) of $329.4 million, or $4.75 per diluted share Growth in tangible book value(1) of $3.66 per share, or 13.9%, to $29.92 at December 31, 2022, compared with $26.26 at December 31, 2021 Improvement in TCE/TA ratio of 62bps to 8.67% at December 31, 2022 Growth in noninterest bearing deposits, representing 40.74% of total deposits Organic loan growth of $3.51 billion, or 22.1% annualized Improvement in net interest margin of 44bps, from 3.32% for 2021 to 3.76% for 2022 Adjusted ROA(1) of 1.39% Adjusted ROTCE(1) of 16.92% 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

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![Slide 7](abcb-ex99_2s7.jpg)

Financial Highlights 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix 2 – Growth rates are annualized for the applicable periods 3 – Excludes serviced GNMA-guaranteed mortgage loans (dollars in thousands, except per share data) Quarter to Date Results Year to Date Results 4Q22 3Q22 Change 4Q21 Change 2022 2021 Change Net Interest Income $224,137 $212,981 5% $166,837 34% $801,026 $655,327 22% Noninterest Income $48,348 $65,324 -26% $81,769 -41% $284,424 $365,544 -22% Provision for Credit Losses $32,890 $17,652 86% $2,759 1092% $71,697 $(35,365) -303% Noninterest Expense $135,061 $139,578 -3% $138,369 -2% $560,655 $560,124 0% Net Income $82,221 $92,555 -11% $81,944 0% $346,540 $376,913 -8% Net Income Per Diluted Share $1.18 $1.34 -12% $1.18 0% $4.99 $5.40 -8% Return on Assets 1.34% 1.56% -14% 1.41% -5% 1.47% 1.73% -15% Return on Equity 10.30% 11.76% -12% 11.06% -7% 11.24% 13.33% -16% Efficiency Ratio 49.57% 50.15% -1% 55.66% -11% 51.65% 54.87% -6% Net Interest Margin 4.03% 3.97% 2% 3.18% 27% 3.76% 3.32% 13% Adjusted Net Income(1) $81,086 $91,817 -12% $81,544 -1% $329,415 $368,699 -11% Adjusted Net Income Per Share(1) $1.17 $1.32 -11% $1.17 0% $4.75 $5.29 -10% Adjusted Return on Assets(1) 1.32% 1.54% -14% 1.40% -6% 1.39% 1.69% -17% Adjusted Return on TCE(1) 15.78% 18.33% -14% 16.88% -7% 16.92% 20.19% -16% Adjusted Efficiency Ratio(1) 49.92% 50.06% 0% 54.85% -9% 52.54% 55.00% -4% Organic Loan Growth 576,131 1,245,834 -54% 383,903 50% 3,508,729 727,517 382% Organic Loan Growth Rate(2) 12.25% 28.38% -57% 10.36% 18% 22.10% 5.02% 340% Portfolio NPAs/Assets(3) 0.34% 0.32% 3% 0.30% 12% 0.34% 0.30% 12% Total NPAs/Assets 0.61% 0.55% 11% 0.43% 44% 0.61% 0.43% 44%

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![Slide 8](abcb-ex99_2s8.jpg)

Diversified Revenue Stream Strong revenue base of net interest income from core banking division Additional revenue provided by our diversified lines of business Improved mix of earning assets as excess liquidity was deployed in the investment and loan portfolios Mortgage Banking Activity Retail mortgage activity has continued to stabilize back to pre-pandemic levels Revenue, exclusive of MSR valuation, was 8% of total revenue in 4Q22, down from 23% a year ago Purchase business was near historic levels at 83% in 4Q22 due to strong core relationships with builders and realtors Approximately 88% of the net interest income included in mortgage revenue is related to portfolio loans generated from the mortgage division Other Noninterest Income Other Noninterest Income has consistently been 8-9% of total revenue Noninterest income from the equipment finance group was approximately $5.4 million in 4Q22 Other Noninterest income also includes BOLI income and gains on sale of SBA loans

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![Slide 9](abcb-ex99_2s9.jpg)

Net Interest Margin Banking Division Loan Production Details Period Fixed Rate Variable Rate Total 4Q22 $399.9 8.16% $213.0 7.46% $612.9 7.92% 3Q22 $596.3 6.58% $528.5 5.90% $1,124.7 6.26% 2Q22 $638.3 5.84% $427.7 4.35% $1,066.0 5.24% Growth in net interest income of $145.7 million in 2022, compared with 2021 Core bank segment grew net interest income by 41% in 2022 Average earning assets grew by $818.9 million, while spread income increased $11.2 million compared with 3Q22 Margin up 6bps from 3Q22: Earning asset yield improved by 54bps Cost of funds increased by 52bps Total deposit costs up 39bp from 3Q22 reflecting strategic deposit pricing adjustments made at the end of 3Q22 and during 4Q22 Continued focus on low cost funding mix such that noninterest bearing deposits are 41% of total deposits at quarter end Spread Income and Margin

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![Slide 10](abcb-ex99_2s10.jpg)

Expenses Adjusted Operating Expenses and Efficiency Ratio(1) OPEX Highlights Management continues to deliver high performing operating efficiency Adjusted efficiency ratio improved to 49.92% in 4Q22, compared with 50.06% in 3Q22 Total adjusted operating expenses decreased $4.6 million in 4Q22 compared with 3Q22 Lines of business operating expenses down $7.5 million in 4Q22 compared with 3Q22, primarily due to variable compensation related to production in the mortgage division Increase of $2.8 million in 4Q22 banking division operating expenses, the majority of which was compensation expenses resulting from lower deferred costs Disciplined expense control throughout the Company with identified cost savings utilized to fund future technology and innovation costs 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

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Balance Sheet Trends Asset sensitivity is moderating as the FOMC nears the end of their tightening cycle: -2.5% asset sensitivity in -100bps -1.2% asset sensitivity in -50bps 1.1% asset sensitivity in +50bps 2.2% asset sensitivity in +100bps A 25bps rate increase positively affects margin by approximately 2bps Approximately $6.8 billion, or 35%, of loans are variable rate Approximately $900 million, or 4.5%, of loans are short term fixed rate loans that reprice quickly and behave like a variable rate loan Approximately $6.7 billion of variable rate loans have no floor or are at/above their floor and only $160 million of variable rate loans are below their floor $834 million of liquidity in interest bearing cash immediately reprices Cumulative weighted average beta for all non-maturity deposits so far this year has been 15.7%; below our modeled beta of 20.4% Interest Rate Sensitivity Earning Assets Highlights Available-for-sale securities represent less than 6.0% of total assets, limiting potential tangible book value dilution from rising interest rates

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Strong Core Deposit Base Deposit Highlights Deposit mix well positioned for future rate increases Improved deposit mix over the past five years such that noninterest bearing deposits now represent 41% of total deposits, a 52% improvement from 27% at 4Q17 Favorable deposit mix provides ability to manage deposit costs in rising rate environment Total deposits minimally changed in 4Q22 compared with 3Q22 Noninterest-bearing deposits decreased $413.6 million, or 5.0% MMDAs increased $155.4 million, or 3.1% NOWs increased $255.1 million, or 7.1% Total interest-bearing deposit costs increased to 1.17% in 4Q22, compared with 0.49% in 3Q22 reflecting deposit rate increases made at the end of 3Q22 and during 4Q22

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Capital and TBV Proven Stewards of Shareholder Value Management focused on long term growth in TBV(1), such that over the past five years TBV has grown by 11% annualized TBV increased $1.30 per share in 4Q22: $1.04 from retained earnings $0.06 from impact of OCI $0.20 from all other items including stock compensation TBV increased $3.66 per share, or 13.9%, compared with 4Q21 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix CAGR 11%

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Loan Diversification and Credit Quality

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Diversified Loan Portfolio 4Q22 Loan Portfolio Loan portfolio is well diversified across loan types and geographies C&I loans represent second-largest category of loans CRE and C&D concentrations were 292% and 79%, respectively, at 4Q22 Top 25 relationships totaled $2.6 billion, or 9.6% of total committed exposure of $26.5 billion Participations purchased ~ 1.0% of loans; Limited exposure in SNCs and Syndications Increased diligence by Credit staff on stress testing given the current economic environment, including loan type and concentration monitoring, particularly in C&D and Investor CRE loans Continued strong asset quality driven by substantial equity and experienced sponsor group Portfolio Highlights Total Loans $19.9 Billion

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Loan Production vs Growth 4Q22 loan production was spread across many product lines, which continues to contribute to portfolio diversification During the 4Q22, we purchased a portfolio of loans secured by CSVLI totaling $472.3 million ($873.3 million committed balances). The average FICO score for those loans scored was 765. The loans are complementary to an existing line of business, require minimal additional overhead to service and are accretive to ROA. \*Loan production reflects committed balance total, excluding Mortgage Warehouse production; loan portfolio growth reflects quarter-over-quarter loan ending balances. 4Q21 and 4Q22 loan growth includes acquired loans of $665.8 million and $472.3 million, respectively. (in millions)

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Loan Balance Changes 4Q22 Loan Balance Changes 4Q22 loan growth was varied across several loan types and totaled $1.05 billion, or 22.3% annualized. Net of the portfolio purchase described below, loan growth totaled $576.1 million, or 12.3% annualized The CSVLI loans that were purchased in 4Q22 are split between the C&I and Consumer categories above. (in millions)

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Equipment Finance Portfolio Ameris purchased an equipment finance company with $665.8 million of loans in December 2021 and successfully integrated them during 2022 to include credit, accounting, compliance, technology and HR Total loans at 4Q22 were $1.02 billion. Loan production totaled $189.0 million The overall average loan size was $43.5 thousand at 4Q22 and the average duration was 4.6 years Average FICO score for loans originated in 4Q22 was 737 30-89 day accruing past due loans were 0.85% of total loans NCOs totaled $3.1 million in 4Q22 and $8.2MM YTD, which equated to a 1.07% NCO ratio for 2022 Portion of ACL attributable to those loans totaled $30.5MM, or 2.98% of loans Portfolio Highlights

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Allowance for Credit Losses The ACL on loans totaled $205.7 million at 4Q22, a net increase of $20.8 million, or 11.2% from 3Q22 The reserve for unfunded commitments totaled $52.4 million, an increase of $8.2 million, or 18.6% During 4Q22, we recorded a provision expense of $32.9 million The ACL for 4Q22 was driven by loan growth and changes in the economic forecast The ACL on loans equated to 1.04% of total loans at December 31, 2022, compared to 0.98% at September 30, 2022 The total ACL on loans + unfunded commitments was $258.1 million, or 0.97% at December 31, 2022, compared to 0.92% at September 30, 2022 4Q22 CECL Reserve Reserve Summary (in millions)

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NPA / Charge-Off Trend Net of GNMA-guaranteed mortgage loans, NPAs were stable as a percentage of total assets at 0.34% at 4Q22 vs 0.32% at 3Q22 Total NPAs increased $21.5 million, to $153.5 million at 4Q22, primarily as a result of: $15.0 million increase in 90+ past due GNMA-guaranteed mortgage loans $4.3 million increase in Premium Finance loans, primarily the result of the timing of collection of unearned premium from the carriers There is minimal loss exposure in GNMA-guaranteed mortgages and Premium Finance NPAs Net charge-offs for 4Q22 totaled $3.9 million, which equated to an annualized NCO ratio of 0.08% Non-Performing Assets ("NPAs") Net Charge-Offs ($ in millions)

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Problem Loan Trends Total criticized loans (special mention + classified) declined as a percentage of total loans to 1.37% at 4Q22, excluding GNMA-guaranteed mortgage loans Total classified loans increased $8.5 million, primarily the result of the increase in 90+ past due Premium Finance loans The largest component of criticized loans was SFR mortgage loans at $119.8 million (35% of total), where the average balance was $177.5 thousand Nonperforming loans increased $6.6 million (excluding GNMA-guaranteed mortgages) to $83.1 million, also the result of the increase in 90+ past due Premium Finance loans Highlights Note: Criticized, Classified and Nonperforming loan totals exclude GNMA-guaranteed loans (in millions)

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Investor CRE Loans Approximately 95% of CRE loans are concentrated within our five-state footprint Stratification of Investor CRE Portfolio Portfolio is well diversified Overall past dues were 0.38% and NPAs 0.16% Office properties are primarily essential-use, credit tenant, or medical office Anchored strip centers are primarily grocery-anchored

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Commercial Real Estate Production 4Q22 Commercial Real Estate Production Summary: 4Q22 Construction and Development Loan Production Summary: 4Q22 production of C&D and CRE loans - $912.6 million in total committed exposure Residential real estate construction: Spec/model to pre-sold ratio of 1.0:1 Total spec loans at low average loan size of $384.6 thousand Investor CRE 4Q22 production: Production totaled $619.3 million Weighted average 1.46:1 debt service coverage Weighted average 53.8% loan/value Summary of CRE production by collateral state: Highlights

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Construction & Development Total committed exposure for C&D loans was $5.5 billion at 4Q22 – 27% residential loans and 73% commercial The largest category of CRE construction was multi-family at $2.2 billion, or 56% of the CRE category Overall spec and model to presold ratio in residential construction was 0.7:1 at 4Q22 Construction Lending Highlights

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C&I Loans Premium Finance 4Q22 production statistics: Mortgage warehouse division funded $2.0 billion in 4Q22, a 38% decrease over 4Q21 as higher mortgage rates resulted in lower lending volume Fundings in 4Q22 were lower than 3Q22 by 23% 4Q22 statistics: Total approved guidance lines = $2.1 billion Average days on line = 18 days Highlights

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Mortgage Loans Mortgage portfolio totaled $4.4 billion and consists of: Legacy bank mortgage loans - $322.7 million Mortgage division originated loans - $3.8 billion Purchased mortgage pools - $56.5 million Home equity loans and LOCs - $213.7 million Portfolio mortgage loans are generally underwritten to secondary market standards, as follows: FICO Score Band

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Appendix

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Reconciliation of GAAP to Non-GAAP Measures

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Reconciliation of GAAP to Non-GAAP Measures

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Reconciliation of GAAP to Non-GAAP Measures

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Ameris Bancorp Press Release & Financial Highlights December 31, 2022