Regional banking company Ameris Bancorp (NYSE: ABCB) reported Q2 CY2026 results topping the market’s revenue expectations, with sales up 8.2% year on year to $326 million. Its non-GAAP profit of $1.60 per share was 3.6% below analysts’ consensus estimates.
Is now the time to buy Ameris Bancorp? Find out by accessing our full research report, it’s free.
Ameris Bancorp (ABCB) Q2 CY2026 Highlights:
- Net Interest Income: $252.5 million vs analyst estimates of $250.6 million (8.9% year-on-year growth, 0.7% beat)
- Net Interest Margin: 3.9% vs analyst estimates of 3.8% (3.9 basis point beat)
- Revenue: $326 million vs analyst estimates of $323.4 million (8.2% year-on-year growth, 0.8% beat)
- Efficiency Ratio: 50.4% vs analyst estimates of 49.7% (72 basis point miss)
- Adjusted EPS: $1.60 vs analyst expectations of $1.66 (3.6% miss)
- Tangible Book Value per Share: $45.10 vs analyst estimates of $46.06 (8.7% year-on-year growth, 2.1% miss)
- Market Capitalization: $6.03 billion
Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, “Ameris delivered another quarter of strong underlying operating performance, underscoring the resilience of our franchise and the earning power of our business and reflecting the consistency of our long-term strategy and disciplined execution across the organization. We generated a return on assets of 1.53% on an adjusted basis, maintained a stable net interest margin of 3.88% and delivered annualized earning asset growth of 8.5%. We continued to build long-term shareholder value through a relentless focus on profitable growth and a high-quality balance sheet funded with 30% noninterest bearing deposits and tangible common equity exceeding 11%. During the quarter, we were pleased to announce our expansion into the Nashville market, another important step in extending our high-performing Southeast franchise and creating additional opportunities for profitable growth.”
Company Overview
Tracing its roots back to 1971 and expanding significantly through both organic growth and strategic acquisitions, Ameris Bancorp (NYSE: ABCB) is a financial holding company that provides a full range of banking services to retail and commercial customers across select markets in the southeastern United States.
Sales Growth
In general, banks make money from two primary sources. The first is net interest income, which is interest earned on loans, mortgages, and investments in securities minus interest paid out on deposits. The second source is non-interest income, which can come from bank account, credit card, wealth management, investment banking, and trading fees. Unfortunately, Ameris Bancorp’s 2.2% annualized revenue growth over the last five years was sluggish. This was below our standards and is a tough starting point for our analysis.
We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Ameris Bancorp’s annualized revenue growth of 7.8% over the last two years is above its five-year trend, which is encouraging. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Ameris Bancorp reported year-on-year revenue growth of 8.2%, and its $326 million of revenue exceeded Wall Street’s estimates by 0.8%.
Net interest income made up 75.6% of the company’s total revenue during the last five years, meaning lending operations are Ameris Bancorp’s largest source of revenue.
While banks generate revenue from multiple sources, investors view net interest income as the cornerstone - its predictable, recurring characteristics stand in sharp contrast to the volatility of non-interest income.
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
Tangible Book Value Per Share (TBVPS)
The balance sheet drives banking profitability since earnings flow from the spread between borrowing and lending rates. As such, valuations for these companies concentrate on capital strength and sustainable equity accumulation potential.
This is why we consider tangible book value per share (TBVPS) the most important metric to track for banks. TBVPS represents the real, liquid net worth per share of a bank, excluding intangible assets that have debatable value upon liquidation. Other (and more commonly known) per-share metrics like EPS can sometimes be murky due to M&A or accounting rules allowing for loan losses to be spread out.
Ameris Bancorp’s TBVPS grew at an incredible 11.2% annual clip over the last five years. The last two years show a similar trajectory as TBVPS grew by 12% annually from $35.92 to $45.10 per share.
Over the next 12 months, Consensus estimates call for Ameris Bancorp’s TBVPS to grow by 14.4% to $51.57, decent growth rate.
Key Takeaways from Ameris Bancorp’s Q2 Results
It was good to see Ameris Bancorp narrowly top analysts’ revenue expectations this quarter. We were also happy its net interest income narrowly outperformed Wall Street’s estimates. On the other hand, its EPS missed and its tangible book value per share fell short of Wall Street’s estimates. Overall, this was a softer quarter. The stock remained flat at $89.12 immediately after reporting.
Should you buy the stock or not? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).
