Ameris Bancorp FY26 Q2 net income drops 53.16% to $51.45 million - ABCB News | RalliesAmeris Bancorp FY26 Q2 net income drops 53.16% to $51.45 million
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ABCB• Ameris Bancorp reports lower Q2 net income amid litigation charge
- Ameris Bancorp Q2 2026 net income fell 53.17% to $51.4 million, or $0.77 per diluted share, from a year earlier.
- Adjusted net income (non-GAAP) slipped 1.95% to $107.3 million, holding adjusted diluted EPS (non-GAAP) at $1.60.
- Net interest income on a tax-equivalent basis rose 8.9% to $253.4 million; net interest margin (TE) widened 0.11 percentage point to 3.88%.
- Noninterest expense jumped 54.5% to $242.7 million, driven by an $82.5 million litigation accrual tied to a California employment-case jury verdict.
- Ameris expanded into the Nashville market, while repurchasing $19 million of stock; tangible book value per share rose to $45.10.
