SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Segment Reporting, by Reportable Business Segments

The following tables present selected financial information with respect to the Company’s reportable business segments for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended September 30, 2025
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		Premium Finance Division		Total
Interest income	$	245,322	$	60,261	$	18,803	$	30,660	$	355,046
Interest expense	47,262		40,082		11,329		18,409		117,082
Net interest income	198,060		20,179		7,474		12,251		237,964
Provision for credit losses	21,617		529		23		461		22,630
Noninterest income	35,419		40,081		756		18		76,274
Noninterest expense
Salaries and employee benefits	66,301		21,589		566		2,492		90,948
Occupancy and equipment	10,718		760		7		39		11,524
Data processing and communications expenses	14,668		1,232		57		101		16,058
Other expenses(1)	22,286		12,480		195		1,075		36,036
Total noninterest expense	113,973		36,061		825		3,707		154,566
Income before income tax expense	97,889		23,670		7,382		8,101		137,042
Income tax expense	22,824		4,970		1,550		1,669		31,013
Net income	$	75,065	$	18,700	$	5,832	$	6,432	$	106,029

Total assets	$	19,510,473	$	4,693,083	$	1,105,821	$	1,790,452	$	27,099,829
Goodwill	951,148		—		—		64,498		1,015,646
Other intangible assets, net	57,773		—		—		930		58,703



	Three Months Ended September 30, 2024
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		Premium Finance Division		Total
Interest income	$	243,964	$	60,789	$	21,677	$	28,716	$	355,146
Interest expense	71,329		37,236		13,865		18,656		141,086
Net interest income	172,635		23,553		7,812		10,060		214,060
Provision for credit losses	5,566		254		(170)		457		6,107
Noninterest income	26,435		41,498		1,765		11		69,709
Noninterest expense
Salaries and employee benefits	62,634		23,233		621		2,212		88,700
Occupancy and equipment	10,725		957		6		28		11,716
Data processing and communications expenses	13,922		1,184		32		83		15,221
Other expenses(1)	22,619		12,164		217		1,140		36,140
Total noninterest expense	109,900		37,538		876		3,463		151,777
Income before income tax expense	83,604		27,259		8,871		6,151		125,885
Income tax expense	17,832		5,724		1,863		1,254		26,673
Net income	$	65,772	$	21,535	$	7,008	$	4,897	$	99,212

Total assets	$	18,983,335	$	4,899,282	$	1,001,666	$	1,515,499	$	26,399,782
Goodwill	951,148		—		—		64,498		1,015,646
Other intangible assets, net	71,164		—		—		3,777		74,941

(1) Other expenses for each reportable segment include credit resolution-related expenses, advertising and marketing expenses, amortization of intangible assets, and loan servicing expenses.



	Nine Months Ended September 30, 2025
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		Premium Finance Division		Total
Interest income	$	717,852	$	179,549	$	52,177	$	86,884	$	1,036,462
Interest expense	144,078		115,495		31,710		53,563		344,846
Net interest income	573,774		64,054		20,467		33,321		691,616
Provision for credit losses	38,714		6,730		217		1,633		47,294
Noninterest income	93,418		112,536		3,203		51		209,208
Noninterest expense
Salaries and employee benefits	191,018		66,942		1,736		7,175		266,871
Occupancy and equipment	31,069		2,400		21		112		33,602
Data processing and communications expenses	41,884		3,920		154		321		46,279
Other expenses(1)	73,449		36,939		561		3,159		114,108
Total noninterest expense	337,420		110,201		2,472		10,767		460,860
Income before income tax expense	291,058		59,659		20,981		20,972		392,670
Income tax expense	67,645		12,528		4,406		4,293		88,872
Net income	$	223,413	$	47,131	$	16,575	$	16,679	$	303,798



	Nine Months Ended September 30, 2024
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		Premium Finance Division		Total
Interest income	$	722,943	$	174,889	$	57,540	$	76,549	$	1,031,921
Interest expense	212,303		104,307		37,408		50,534		404,552
Net interest income	510,640		70,582		20,132		26,015		627,369
Provision for credit losses	45,581		(296)		334		366		45,985
Noninterest income	90,325		130,408		3,533		32		224,298
Noninterest expense
Salaries and employee benefits	181,473		69,560		2,633		6,165		259,831
Occupancy and equipment	33,952		3,014		20		174		37,160
Data processing and communications expenses	40,862		3,826		116		264		45,068
Other expenses(1)	71,680		38,091		752		3,263		113,786
Total noninterest expense	327,967		114,491		3,521		9,866		455,845
Income before income tax expense	227,417		86,795		19,810		15,815		349,837
Income tax expense	59,950		18,227		4,160		3,191		85,528
Net income	$	167,467	$	68,568	$	15,650	$	12,624	$	264,309

(1) Other expenses for each reportable segment include credit resolution-related expenses, advertising and marketing expenses, amortization of intangible assets, and loan servicing expenses.

Ameris Bancorp 10-Q