Ameris Bancorp Q2 FY26 net income drops 53.19% to $51.4 million; net interest margin widens 11 basis points to 3.88%
ABCB•Credit losses and charge-offs increase
Provision for credit losses climbed to $17.3 million from $2.8 million, while net charge-offs were $11.1 million, or 0.20% of average loans annualized.
Net interest income and margin improve
Tax-equivalent net interest income rose 8.89% to $253.4 million; net interest margin widened 11 basis points to 3.88%.
Noninterest income rises on securities gain
Noninterest income increased 6.7% to $73.5 million on a $7.4 million gain on securities, offset by a 17.1% drop in mortgage banking income to $32.5 million.
Quarterly profit falls on litigation expense
Ameris Bancorp posted Q2 net income available to common shareholders of $51.4 million, or , down from .
