ABCB NYSE Earnings call
Ameris Bancorp (ABCB) · Q2 2026 results and valuation
Share price: $82.96 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 24 Jul 2026 and 24 Apr 2026
Net income down 53.4% on the previous quarter. Management sounded upbeat, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−53.4%
Net income vs Q1 2026
Outlook given
Net income 51.4M vs 110.5M
Revenue +3.8%
Against the same quarter last year (Q2 2025) it is −53.2%, so it is not just seasonal.
Why Net income decreased because it included a litigation accrual and excluded Visa B and BOLI gains.
2 · How management spoke
Upbeat
More upbeat than 83% of company calls
Answers to analysts: upbeat, in line with the script.
Similar to last call.
3 · What stood out
Key theme
Revenue grew 6% year over year while expense focus held the ratio at 50%.
Valuation
Is Ameris Bancorp undervalued?
Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 10.0% growth a year (the standard assumption), the model's fair value is $139.77 a share — the stock trades 41% below it. Today's price assumes 2.3% growth a year.
Current price
$82.96
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+2.3% for 10 yrs
Fair value / share
$139.77
Buy below
$104.83
Price vs fair value
Undervalued 41%
Price vs buy-below price
Undervalued 21%
Read between the lines
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Guidance
ABCB organically grew its balance sheet by almost $1 billion in the first six months, expanding through internal strength rather than acquisitions.
Source quote
“For the first 6 months of the year, we've organically grown the balance sheet by almost $1 billion while improving...”
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Guidance
But Ameris Bancorp does think that, that's part of its margin guidance going forward of coming down a few basis points as it sees and have to pay…
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“As we recently announced, we are also excited to be expanding Ameris' footprint into the attractive Nashville, Tennessee market, which should be additive to our longer-term organic growth profile, and...”
“As I've said before, we're going to remain focused on controlling what we can control, executing on our strategy with discipline, growing our core deposit franchise and consistently building long-term...”
“Year-over-year, we grew adjusted revenue by 6%, while keeping adjusted expense growth at just 3%, which highlights our ability to generate organic profitable growth and positive operating leverage.”
Full figures
USD · ROIC.AI fundamentals (NYSE:ABCB, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 318.0M | 306.5M | +3.8% | 292.2M | +8.8% |
| Net income | 51.4M | 110.5M | −53.4% | 109.8M | −53.2% |
| EPS | 0.77 | 1.64 | −53.0% | 1.60 | −52.0% |
| P/E today 14.5 | 16.3 | 12.3 | +4.0 | 11.4 | +4.9 |
Topics
Most discussed now
- To these positives, Ameris Bancorp's loan production was $2.4 billion in the second quarter, which represents a 24% increase...
- Adjusted noninterest income decreased $4.6 million this quarter, mostly from mortgage-related revenue.
- Ameris Bancorp reported net income of $51.4 million or $0.77 per diluted share in the second quarter and adjusted net income...
- As I previously said, Ameris Bancorp does anticipate some slight margin compression over the next few quarters due to higher deposit...
- That's a really tall standard to have.
Faded since Q1 2026
- Fading I said Ameris Bancorp was focused on enhancing revenue generation and positive operating leverage.
- Fading Ameris Bancorp's tangible book value increased to $44.79 and that's about 12.5% higher than a year ago.
- Fading Ameris Bancorp's remaining share repurchase authorization was $84.3 million at the end of the first quarter.
Latest announcements
Official filings, newest first.
- Results of operations; Regulation FD disclosure · SEC 8-K
- Articles or bylaws amended · SEC 8-K
- Other events · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Director or officer change · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K