8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): July 26, 2019

Ameris Bancorp
(Exact Name of Registrant as Specified in Charter)
Georgia	001-13901	58-1456434
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

310 First Street, S.E., Moultrie, Georgia	31768
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (229) 890-1111

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $1.00 per share	ABCB	Nasdaq Global Select Market

Item 2.02 Results of Operations and Financial Condition.

On July 26, 2019, Ameris Bancorp (the “Company”) issued a press release announcing its unaudited financial results for the quarter ended June 30, 2019. A copy of that press release is attached to this Current Report on Form 8-K (this “Report”) as Exhibit 99.1.

The information contained in this Item 2.02 and in Exhibit 99.1 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD Disclosure.

A copy of the investor presentation material that the Company will present regarding its earnings during the teleconference beginning at 10:00 a.m. Eastern time on July 26, 2019 is attached to this Report as Exhibit 99.2. The investor presentation material is also available on the “Investor Relations” page of the Company’s website (http://www.amerisbank.com).

The information contained in this Item 7.01 and in Exhibit 99.2 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d)	Exhibits.
99.1	Press release dated July 26, 2019
99.2	Investor Presentation dated July 26, 2019

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

AMERIS BANCORP
By:	/s/ Nicole S. Stokes
	Nicole S. Stokes
	Executive Vice President and Chief Financial Officer

Date: July 26, 2019

EX-99.1

Exhibit 99.1

Ameris Bancorp Announces Financial Results For Second Quarter 2019

JACKSONVILLE, Fla., July 26, 2019 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $38.9 million, or $0.82 per diluted share, for the quarter ended June 30, 2019, compared with $9.4 million, or $0.24 per diluted share, for the quarter ended June 30, 2018. The Company reported adjusted net income of $45.2 million, or $0.96 per diluted share, for the quarter ended June 30, 2019, compared with $29.2 million, or $0.74 per diluted share, for the same period in 2018. Adjusted net income excludes after-tax merger and conversion charges, executive retirement benefits, mortgage servicing right ("MSR") valuation adjustments, restructuring charges related to previously announced branch consolidations, loss on sale of bank premises and expenses related to hurricanes.

For the year-to-date period ending June 30, 2019, the Company reported net income of $78.8 million, or $1.66 per diluted share, compared with $36.0 million, or $0.92 per diluted share, for the same period in 2018. The Company reported adjusted net income of $87.8 million, or $1.85 per diluted share for the six months ended June 30, 2019, compared with $57.0 million, or $1.46 per diluted share, for the same period in 2018. Adjusted net income for the year-to-date period excludes the same items listed above for the Company's quarter-to-date period.

Commenting on the Company's results, Palmer Proctor, the Company's Chief Executive Officer, said, "The positive financial results from the second quarter are reflective of the hard work and dedication of our bankers. Strong momentum on integration, growing pipelines and unique market opportunities reinforce our commitment to an organic growth strategy."

Highlights of the Company's results for the second quarter of 2019 include the following:

• Increase of 5.5% in tangible book value per share to $20.81 at June 30, 2019, compared with $19.73 at March 31, 2019
• Improvement in adjusted efficiency ratio to 53.77%, compared with 55.12% in the first quarter of 2019 and 57.53% in the second quarter of 2018
• Adjusted return on average assets of 1.56%, compared with 1.51% in the first quarter of 2019 and 1.38% in the second quarter of 2018
• Adjusted return on average tangible common equity of 18.79%, compared with 18.82% in the first quarter of 2019 and 17.26% in the second quarter of 2018
• Growth in adjusted net income of $16.0 million, representing a 55% increase over second quarter of 2018
• Organic growth in loans of $581.4 million, or 28% annualized
• Annualized net charge-offs of 0.07% of average total loans and 0.11% of average non-purchased loans
• Improvement in nonperforming assets, decreasing to 0.51% of total assets
• Repurchase of 296,335 shares under the Company's previously announced common stock repurchase program
• Received required approvals to complete the acquisition of Fidelity Southern Corporation effective July 1, 2019

Following is a summary of the adjustments between reported net income and adjusted net income:

Adjusted Net Income Reconciliation
	Three Months Ended						Six Months Ended
	June 30,						June 30,
(dollars in thousands, except per share data)	2019			2018			2019			2018
Net income available to common shareholders	$	38,904		$	9,387		$	78,809		$	36,047
Adjustment items:
Merger and conversion charges	3,475			18,391			5,532			19,226
Executive retirement benefits	—			5,457			—			5,457
Restructuring charges	—			—			245			—
MSR valuation adjustment	1,460			—			1,460			—
Financial impact of hurricanes	50			—			(39)			—
Loss on sale of premises	2,800			196			3,719			779
Tax effect of adjustment items	(1,479)			(4,192)			(1,929)			(4,490)
After-tax adjustment items	6,306			19,852			8,988			20,972
Adjusted net income	$	45,210		$	29,239		$	87,797		$	57,019
Reported net income per diluted share	$	0.82		$	0.24		$	1.66		$	0.92
Adjusted net income per diluted share	$	0.96		$	0.74		$	1.85		$	1.46
Reported return on average assets	1.34		%	0.44		%	1.38		%	0.89		%
Adjusted return on average assets	1.56		%	1.38		%	1.54		%	1.40		%
Reported return on average common equity	10.27		%	3.86		%	10.60		%	7.72		%
Adjusted return on average tangible common equity	18.79		%	17.26		%	18.81		%	17.18		%

Acquisition of Fidelity
On July 1, 2019, the Company completed its acquisition of Fidelity Southern Corporation ("Fidelity"), the parent company of Fidelity Bank, Atlanta, Georgia. Fidelity operated 62 full-service banking locations, 46 of which were located in Georgia and 16 of which were located in Florida. The acquisition further expands the Company's existing Southeastern footprint in the attractive Atlanta market, where the Company is the largest community bank by deposit share after the acquisition. At June 30, 2019, Fidelity had total loans of $3.9 billion, total assets of $4.8 billion and total deposits of $4.0 billion. The conversion of Fidelity's systems to the Company's is scheduled to be completed during the fourth quarter of 2019, after which management expects to fully realize operating efficiencies from the acquisition.

Net Interest Income and Net Interest Margin
Net interest income on a tax-equivalent basis for the second quarter of 2019 totaled $102.7 million, compared with $100.5 million for the first quarter of 2019 and $76.9 million for second quarter of 2018. The Company's net interest margin was 3.91% for the second quarter of 2019, down from 3.95% reported for the first quarter of 2019 and 3.95% reported for the second quarter of 2018. Accretion income for the second quarter of 2019 increased to $3.1 million, compared with $2.9 million for the first quarter of 2019, and $2.7 million reported for the second quarter of 2018. The Company's net interest margin, excluding the effects of accretion income, also decreased slightly during the quarter to 3.79%, compared with 3.83% in the first quarter of 2019 and 3.81% in the second quarter of 2018. The linked quarter decrease was primarily attributable to an increase in deposit costs, as the total earning asset yield was stable at 4.95% for both the first and second quarters of 2019.

Yields on all loans, excluding the effect of accretion, decreased to 5.18% during the second quarter of 2019, compared with 5.22% for the first quarter of 2019 and increased from 4.81% during the second quarter of 2018. Loan production in the banking division during the second quarter of 2019 totaled $854.7 million, with weighted average yields of 5.49%, compared with $613.5 million and 5.78%, respectively, in the first quarter of 2019 and $439.3 million and 5.46%, respectively, in the second quarter of 2018. Loan production in the lines of business (including retail mortgage, warehouse lending, SBA and premium finance) amounted to an additional $2.6 billion during the second quarter of 2019, with weighted average yields of 5.20%, compared with $1.9 billion and 5.47%, respectively, during the first quarter of 2019 and $2.1 billion and 5.25%, respectively, during the second quarter of 2018.

Interest expense during the second quarter of 2019 increased to $27.4 million, compared with $25.5 million in the first quarter of 2019 and $13.9 million in the second quarter of 2018. The Company's total cost of funds moved five basis points higher to 1.10% in the second quarter of 2019 as compared with the first quarter of 2019. Deposit costs also increased five basis points during the second quarter of 2019 to 0.97%, compared with 0.92% in the first quarter of 2019. Costs of interest-bearing deposits increased during the quarter from 1.25% in the first quarter of 2019 to 1.34% in the second quarter of 2019, with the material portion of the increase relating to MMDA and CD accounts.

Noninterest Income
Noninterest income in the second quarter of 2019 was $35.2 million, compared with $30.8 million in the first quarter of 2019 and $31.3 million in the second quarter of 2018. The increase for both the linked quarter and year over year is a result of increased service charges and mortgage banking activity. Service charge revenue increased to $12.2 million in the second quarter of 2019, compared with $11.6 million in the first quarter of 2019 and $10.6 million in the second quarter of 2018 due to the Company's increased number of deposit accounts from organic growth and the acquisitions completed in 2018.

Mortgage banking activity increased to $18.5 million in the second quarter of 2019, compared with $14.7 million for the first quarter of 2019 and $15.4 million for the second quarter of 2018. Total production in the retail mortgage division increased to $585.1 million for the second quarter of 2019, compared with $356.0 million for the first quarter of 2019 and $522.1 million for the second quarter of 2018. Gain on sale spreads decreased slightly in the second quarter of 2019, moving to 3.11% from 3.18% in the linked quarter, but increased from 2.94% for the second quarter of 2018. Mortgage banking activity for the second quarter of 2019 was impacted by an unfavorable MSR valuation adjustment of $1.5 million.

Noninterest income from our SBA division increased to $1.9 million in the second quarter of 2019, compared with $1.7 million in the first quarter of 2019 and $1.3 million in the second quarter of 2018. Net income for the division increased over 22% from the first quarter of 2019 and over 52% from the second quarter of 2018 to $1.4 million in the second quarter of 2019.

Noninterest Expense
Noninterest expense increased $5.8 million, or 7.7%, to $81.3 million during the second quarter of 2019, compared with $75.4 million for the first quarter of 2019. During the second quarter of 2019, the Company recorded $6.3 million of charges to earnings, the majority of which was related to merger and conversion activity and loss on sale of premises, compared with $3.1 million in the first quarter of 2019 that were related principally to merger and conversion activity and loss on sale of premises. Excluding these charges, adjusted expenses increased approximately $2.6 million, or 3.6%, to $74.9 million in the second quarter of 2019, from $72.3 million in the first quarter of 2019. The majority of this increase is attributable to an increase in mortgage commissions of $3.9 million related to increased production compared with the first quarter of 2019. The Company continues to focus on its operating efficiency ratio. The Company's adjusted efficiency ratio declined from 57.53% in the second quarter of 2018 and 55.12% in the first quarter of 2019 to 53.77% in the second quarter of 2019.

Income Tax Expense
The Company's effective tax rate for the second quarter of 2019 was 23.7%, compared with 22.3% in the first quarter of 2019 and 20.5% for the second quarter of 2018. The increased rate for the second quarter of 2019 was attributable to certain non-deductible merger expenses and increased state tax expense.

Balance Sheet Trends
Total assets at June 30, 2019 were $11.9 billion, compared with $11.4 billion at December 31, 2018. Total loans, including loans held for sale, purchased loans and purchased loan pools, were $9.31 billion at June 30, 2019, compared with $8.62 billion at December 31, 2018. Strong loan production in the second quarter of 2019 helped offset the impact of early pay downs and pay offs experienced during the first quarter of 2019. Loan production in the banking division during the second quarter of 2019 was 39% higher than the first quarter of 2019 and was 95% higher than the second quarter of 2018.

At June 30, 2019, total deposits amounted to $9.58 billion, or 93.6% of total funding, compared with $9.65 billion and 97.4%, respectively, at December 31, 2018. The decrease in total deposits in the second quarter was primarily due to the maturity of approximately $310.0 million of brokered deposits as part of our liquidity management strategy. Excluding those maturities, non-brokered deposits increased $91.4 million, or 3.9% annualized, in the second quarter. At June 30, 2019, noninterest-bearing deposit accounts were $2.77 billion, or 28.9% of total deposits, compared with $2.52 billion, or 26.1% of total deposits, at December 31, 2018. Non-rate sensitive deposits (including non-interest bearing, NOW and savings) totaled $4.71 billion at June 30, 2019, compared with $4.60 billion at December 31, 2018. These funds represented 49.1% of the Company's total deposits at June 30, 2019, compared with 47.6% at the end of 2018.

Shareholders' equity at June 30, 2019 totaled $1.54 billion, an increase of $80.8 million, or 5.5%, from December 31, 2018. The increase in shareholders' equity was primarily the result of earnings of $78.8 million during the first six months of 2019, offset by dividends declared of $9.5 million and treasury stock purchases of $11.6 million. Tangible book value per share was $20.81 at June 30, 2019, up from $18.83 at December 31, 2018. Tangible common equity as a percentage of tangible assets was 8.68% at June 30, 2019, compared with 8.22% at the end of the 2018.

Credit Quality
Credit quality remains strong in the Company. During the second quarter of 2019, the Company recorded provision for loan loss expense of $4.7 million, compared with $3.4 million in the first quarter of 2019. Nonperforming assets as a percentage of total assets decreased by three basis point to 0.51% during the quarter. The net charge-off ratio for non-purchased loans was 11 basis points for the second quarter of 2019, compared with 27 basis points in the first quarter of 2019 and 26 basis points in the second quarter of 2018.

Conference Call
The Company will host a teleconference at 10:00 a.m. Eastern time today (July 26, 2019) to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-877-504-1190 (or 1-855-669-9657 for participants in Canada and 1-412-902-6630 for other international participants). The conference ID name is Ameris Bancorp ABCB. A replay of the call will be available one hour after the end of the conference call until August 9, 2019. To listen to the replay, dial 1-877-344-7529 (or 1-855-669-9658 for participants in Canada and 1-412-317-0088 for other international participants). The conference replay access code is 10133078. The conference call replay and the financial information discussed will also be available on the Investor Relations page of the Ameris Bank website at www.amerisbank.com.

About Ameris Bancorp
Ameris Bancorp is a bank holding company headquartered in Moultrie, Georgia. The Company's banking subsidiary, Ameris Bank, had 176 locations in Georgia, Alabama, Florida and South Carolina at July 1, 2019, including the 62 locations acquired in the Fidelity acquisition.

This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management of Ameris Bancorp (the "Company") uses these non-GAAP measures in its analysis of the Company's performance. These measures are useful when evaluating the underlying performance and efficiency of the Company's operations and balance sheet. The Company's management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company's management believes that investors may use these non-GAAP financial measures to evaluate the Company's financial performance without the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals, and including statements about the benefits of the merger between the Company and Fidelity. Words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, political and market conditions and fluctuations, including, without limitation, movements in interest rates; competitive pressures on product pricing and services; the businesses of the Company and Fidelity may not be integrated successfully or such integration may take longer to accomplish than expected; the expected cost savings and any revenue synergies from the merger may not be fully realized within the expected timeframes; disruption from the merger may make it more difficult to maintain relationships with customers, employees or others; diversion of management time to merger-related issues; and the success and timing of other business strategies. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2018 and its subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Financial Highlights	Table 1
	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
(dollars in thousands except per share data)	2019			2019			2018			2018			2018			2019			2018
EARNINGS
Net income	$	38,904		$	39,905		$	43,536		$	41,444		$	9,387		$	78,809		$	36,047
Adjusted net income	$	45,210		$	42,587		$	45,897		$	43,292		$	29,239		$	87,797		$	57,019
COMMON SHARE DATA
Earnings per share available to common shareholders
Basic	$	0.82		$	0.84		$	0.92		$	0.87		$	0.24		$	1.66		$	0.93
Diluted	$	0.82		$	0.84		$	0.91		$	0.87		$	0.24		$	1.66		$	0.92
Adjusted diluted EPS	$	0.96		$	0.90		$	0.96		$	0.91		$	0.74		$	1.85		$	1.46
Cash dividends per share	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10		$	0.20		$	0.20
Book value per share (period end)	$	32.52		$	31.43		$	30.66		$	29.58		$	28.87		$	32.52		$	28.87
Tangible book value per share (period end)	$	20.81		$	19.73		$	18.83		$	17.78		$	17.12		$	20.81		$	17.12
Weighted average number of shares
Basic	47,310,561			47,366,296			47,501,150			47,514,653			39,432,021			47,353,678			38,703,449
Diluted	47,337,809			47,456,314			47,593,252			47,685,334			39,709,503			47,394,911			38,980,754
Period end number of shares	47,261,584			47,585,309			47,499,941			47,496,966			47,518,662			47,261,584			47,518,662
Market data
High intraday price	$	39.60		$	42.01		$	47.25		$	54.35		$	58.10		$	42.01		$	59.05
Low intraday price	$	33.57		$	31.27		$	29.97		$	45.15		$	50.20		$	31.27		$	47.90
Period end closing price	$	39.19		$	34.35		$	31.67		$	45.70		$	53.35		$	39.19		$	53.35
Average daily volume	352,684			387,800			375,773			382,622			253,413			369,959			244,914
PERFORMANCE RATIOS
Return on average assets	1.34		%	1.42		%	1.53		%	1.47		%	0.44		%	1.38		%	0.89		%
Adjusted return on average assets	1.56		%	1.51		%	1.61		%	1.53		%	1.38		%	1.54		%	1.40		%
Return on average common equity	10.27		%	10.95		%	12.09		%	11.78		%	3.86		%	10.60		%	7.72		%
Adjusted return on average tangible common equity	18.79		%	18.82		%	20.95		%	20.50		%	17.26		%	18.81		%	17.18		%
Earning asset yield (TE)	4.95		%	4.95		%	4.81		%	4.78		%	4.66		%	4.95		%	4.60		%
Total cost of funds	1.10		%	1.05		%	0.94		%	0.90		%	0.75		%	1.08		%	0.69		%
Net interest margin (TE)	3.91		%	3.95		%	3.91		%	3.92		%	3.95		%	3.93		%	3.93		%
Noninterest income excluding securities transactions, as a percent of total revenue (TE)	21.27		%	19.59		%	19.75		%	19.77		%	25.72		%	20.45		%	25.25		%
Efficiency ratio	59.36		%	57.95		%	58.30		%	56.00		%	80.50		%	58.67		%	71.82		%
Adjusted efficiency ratio (TE)	53.77		%	55.12		%	54.10		%	54.42		%	57.53		%	54.43		%	58.67		%
CAPITAL ADEQUACY (period end)
Shareholders' equity to assets	12.93		%	12.83		%	12.73		%	12.29		%	12.26		%	12.93		%	12.26		%
Tangible common equity to tangible assets	8.68		%	8.46		%	8.22		%	7.77		%	7.65		%	8.68		%	7.65		%
EQUITY TO ASSETS RECONCILIATION
Tangible common equity to tangible assets	8.68		%	8.46		%	8.22		%	7.77		%	7.65		%	8.68		%	7.65		%
Effect of goodwill and other intangibles	4.25		%	4.37		%	4.51		%	4.52		%	4.61		%	4.25		%	4.61		%
Equity to assets (GAAP)	12.93		%	12.83		%	12.73		%	12.29		%	12.26		%	12.93		%	12.26		%
OTHER DATA (period end)
Full time equivalent employees
Banking Division	1,336			1,343			1,370			1,432			1,477			1,336			1,477
Retail Mortgage Division	348			328			332			317			308			348			308
Warehouse Lending Division	10			9			8			8			7			10			7
SBA Division	21			22			22			23			22			21			22
Premium Finance Division	62			64			72			67			68			62			68
Total Ameris Bancorp FTE headcount	1,777			1,766			1,804			1,847			1,882			1,777			1,882
Assets per Banking Division FTE	$	8,889		$	8,679		$	8,353		$	7,981		$	7,577		$	8,899		$	7,577
Branch locations	114			114			125			125			126			114			126
Deposits per branch location	$	84,056		$	85,973		$	77,195		$	73,451		$	69,536		$	84,056		$	69,536

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Income Statement	Table 2
	Three Months Ended										Six Months Ended
	Jun		Mar		Dec		Sep		Jun		Jun		Jun
(dollars in thousands except per share data)	2019		2019		2018		2018		2018		2019		2018
Interest income
Interest and fees on loans	$	117,010	$	112,401	$	111,749	$	110,470	$	82,723	$	229,411	$	155,990
Interest on taxable securities	9,383		9,043		8,686		8,792		6,321		18,426		11,528
Interest on nontaxable securities	102		156		195		204		179		258		501
Interest on deposits in other banks	2,276		3,150		1,964		1,581		723		5,426		1,439
Interest on federal funds sold	257		179		155		72		—		436		—
Total interest income	129,028		124,929		122,749		121,119		89,946		253,957		169,458
Interest expense
Interest on deposits	23,454		21,684		18,858		15,630		7,794		45,138		14,566
Interest on other borrowings	3,923		3,850		4,337		6,451		6,153		7,773		10,092
Total interest expense	27,377		25,534		23,195		22,081		13,947		52,911		24,658
Net interest income	101,651		99,395		99,554		99,038		75,999		201,046		144,800
Provision for loan losses	4,668		3,408		3,661		2,095		9,110		8,076		10,911
Net interest income after provision for loan losses	96,983		95,987		95,893		96,943		66,889		192,970		133,889
Noninterest income
Service charges on deposits accounts	12,168		11,646		12,597		12,690		10,613		23,814		20,841
Mortgage banking activity	18,523		14,677		11,883		14,082		15,403		33,200		27,689
Other service charges, commissions and fees	793		768		810		777		697		1,561		1,416
Gain (loss) on securities	69		66		1		48		(123)		135		(86)
Other noninterest income	3,683		3,614		5,179		2,574		4,717		7,297		7,911
Total noninterest income	35,236		30,771		30,470		30,171		31,307		66,007		57,771
Noninterest expense
Salaries and employee benefits	38,441		38,370		38,982		38,446		39,776		76,811		71,865
Occupancy and equipment expenses	7,834		8,204		7,945		8,598		6,390		16,038		12,588
Data processing and telecommunications expenses	8,388		8,391		8,293		8,518		6,439		16,779		13,574
Credit resolution related expenses(1)	979		911		1,174		1,248		1,045		1,890		1,594
Advertising and marketing expenses	1,987		1,741		1,633		1,453		1,256		3,728		2,485
Amortization of intangible assets	3,121		3,132		3,650		2,676		2,252		6,253		3,186
Merger and conversion charges	3,475		2,057		997		276		18,391		5,532		19,226
Other noninterest expenses	17,026		12,619		13,136		11,138		10,837		29,645		20,966
Total noninterest expense	81,251		75,425		75,810		72,353		86,386		156,676		145,484
Income before income tax expense	50,968		51,333		50,553		54,761		11,810		102,301		46,176
Income tax expense	12,064		11,428		7,017		13,317		2,423		23,492		10,129
Net income	$	38,904	$	39,905	$	43,536	$	41,444	$	9,387	$	78,809	$	36,047
Diluted earnings per common share	$	0.82	$	0.84	$	0.91	$	0.87	$	0.24	$	1.66	$	0.92
(1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Period End Balance Sheet	Table 3
	Three Months Ended
	Jun		Mar		Dec		Sep		Jun
(dollars in thousands)	2019		2019		2018		2018		2018
Assets
Cash and due from banks	$	151,186	$	144,801	$	172,036	$	158,453	$	151,539
Federal funds sold and interest-bearing deposits in banks	186,969		712,199		507,491		470,804		273,170
Time deposits in other banks	748		7,371		10,812		11,558		11,558
Investment securities available for sale, at fair value	1,273,244		1,234,435		1,192,423		1,162,570		1,153,703
Other investments	32,481		15,157		14,455		35,929		44,769
Loans held for sale, at fair value	261,073		112,070		111,298		130,179		137,249
Loans	6,522,448		5,756,358		5,660,457		5,543,306		5,380,515
Purchased loans	2,286,425		2,472,271		2,588,832		2,711,460		2,812,510
Purchased loan pools	240,997		253,710		262,625		274,752		297,509
Loans, net of unearned income	9,049,870		8,482,339		8,511,914		8,529,518		8,490,534
Allowance for loan losses	(31,793)		(28,659)		(28,819)		(28,116)		(31,532)
Loans, net	9,018,077		8,453,680		8,483,095		8,501,402		8,459,002
Other real estate owned	5,169		6,014		7,218		9,375		8,003
Purchased other real estate owned	9,506		10,857		9,535		7,692		7,272
Total other real estate owned	14,675		16,871		16,753		17,067		15,275
Premises and equipment, net	141,378		141,698		145,410		145,885		144,484
Goodwill	501,140		501,308		503,434		505,604		504,764
Other intangible assets, net	52,437		55,557		58,689		54,729		53,561
Cash value of bank owned life insurance	105,064		104,597		104,096		103,588		103,059
Deferred income taxes, net	30,812		33,295		35,126		38,217		40,240
Other assets	120,052		123,236		88,397		93,009		98,324
Total assets	$	11,889,336	$	11,656,275	$	11,443,515	$	11,428,994	$	11,190,697
Liabilities
Deposits
Noninterest-bearing	$	2,771,443	$	2,753,173	$	2,520,016	$	2,333,992	$	2,356,420
Interest-bearing	6,810,927		7,047,702		7,129,297		6,847,371		6,405,173
Total deposits	9,582,370		9,800,875		9,649,313		9,181,363		8,761,593
Federal funds purchased and securities sold under agreements to repurchase	3,307		4,259		20,384		14,071		11,002
Other borrowings	564,636		151,454		151,774		656,831		862,136
Subordinated deferrable interest debentures	89,871		89,529		89,187		88,986		88,646
FDIC loss-share payable, net	20,596		18,834		19,487		18,740		18,716
Other liabilities	91,435		95,740		57,023		64,026		76,708
Total liabilities	10,352,215		10,160,691		9,987,168		10,024,017		9,818,801
Shareholders' Equity
Preferred stock	—		—		—		—		—
Common stock	49,099		49,126		49,015		49,012		49,012
Capital stock	1,053,500		1,053,190		1,051,584		1,050,752		1,049,283
Retained earnings	446,182		412,005		377,135		338,350		301,656
Accumulated other comprehensive income (loss), net of tax	16,462		(1,178)		(4,826)		(16,576)		(12,571)
Treasury stock	(28,122)		(17,559)		(16,561)		(16,561)		(15,484)
Total shareholders' equity	1,537,121		1,495,584		1,456,347		1,404,977		1,371,896
Total liabilities and shareholders' equity	$	11,889,336	$	11,656,275	$	11,443,515	$	11,428,994	$	11,190,697
Other Data
Earning assets	$	10,804,385	$	10,563,571	$	10,348,393	$	10,340,558	$	10,110,983
Intangible assets	553,577		556,865		562,123		560,333		558,325
Interest-bearing liabilities	7,468,741		7,292,944		7,390,642		7,607,259		7,366,957
Average assets	11,625,344		11,423,677		11,307,980		11,204,504		8,529,035
Average common shareholders' equity	1,519,598		1,478,462		1,428,341		1,395,479		974,494

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Asset Quality Information																Table 4
	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
(dollars in thousands)	2019			2019			2018			2018			2018			2019			2018
Allowance for Loan Losses
Balance at beginning of period	$	28,659		$	28,819		$	28,116		$	31,532		$	26,200		$	28,819		$	25,791
Provision for loan losses	4,668			3,408			3,661			2,095			9,110			8,076			10,911
Charge-offs	3,496			5,379			4,430			8,112			5,717			8,875			8,589
Recoveries	1,962			1,811			1,472			2,601			1,939			3,773			3,419
Net charge-offs (recoveries)	1,534			3,568			2,958			5,511			3,778			5,102			5,170
Ending balance	$	31,793		$	28,659		$	28,819		$	28,116		$	31,532		$	31,793		$	31,532
Net  Charge-off Information
Charge-offs
Commercial, financial and agricultural	$	1,338		$	2,004		$	2,489		$	6,121		$	3,744		$	3,342		$	5,193
Real estate - construction and development	222			25			7			265			20			247			20
Real estate - commercial and farmland	100			1,253			169			27			—			1,353			142
Real estate - residential	40			20			76			293			204			60			402
Consumer installment	1,126			1,893			1,465			923			839			3,019			1,801
Purchased loans	670			184			224			483			910			854			1,031
Purchased loan pools	—			—			—			—			—			—			—
Total charge-offs	3,496			5,379			4,430			8,112			5,717			8,875			8,589
Recoveries
Commercial, financial and agricultural	742			1,065			927			939			1,247			1,807			1,903
Real estate - construction and development	19			1			3			1			2			20			116
Real estate - commercial and farmland	4			4			7			134			11			8			35
Real estate - residential	133			104			91			44			29			237			211
Consumer installment	242			164			137			178			117			406			184
Purchased loans	822			473			307			1,305			533			1,295			970
Purchased loan pools	—			—			—			—			—			—			—
Total recoveries	1,962			1,811			1,472			2,601			1,939			3,773			3,419
Net charge-offs (recoveries)	$	1,534		$	3,568		$	2,958		$	5,511		$	3,778		$	5,102		$	5,170
Non-Performing Assets
Nonaccrual loans (excluding purchased loans)	$	18,129		$	17,633		$	17,952		$	15,986		$	16,813		$	18,129		$	16,813
Nonaccrual purchased loans	23,350			23,846			24,107			27,764			33,557			23,350			33,557
Nonaccrual purchased loan pools	—			400			—			4,696			2,197			—			2,197
Other real estate owned	5,169			6,014			7,218			9,375			8,003			5,169			8,003
Purchased other real estate owned	9,506			10,857			9,535			7,692			7,272			9,506			7,272
Accruing loans delinquent 90 days or more (excluding purchased loans)	4,439			3,676			4,222			2,863			7,421			4,439			7,421
Accruing purchased loans delinquent 90 days or more	174			—			—			—			—			174			—
Total non-performing assets	$	60,767		$	62,426		$	63,034		$	68,376		$	75,263		$	60,767		$	75,263
Asset Quality Ratios
Non-performing assets as a percent of total assets	0.51		%	0.54		%	0.55		%	0.60		%	0.67		%	0.51		%	0.67		%
Net charge-offs as a percent of average loans (annualized)	0.07		%	0.17		%	0.14		%	0.26		%	0.23		%	0.12		%	0.16		%
Net charge-offs, excluding purchased loans as a percent of average loans (annualized)	0.11		%	0.27		%	0.21		%	0.44		%	0.26		%	0.18		%	0.20		%

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Loan Information	Table 5
	Jun		Mar		Dec		Sep		Jun
(dollars in thousands)	2019		2019		2018		2018		2018
Loans by Type
Legacy loans
Commercial, financial and agricultural	$	1,648,190	$	1,382,907	$	1,316,359	$	1,422,152	$	1,446,857
Real estate - construction and development	788,409		676,563		671,198		641,830		672,155
Real estate - commercial and farmland	2,046,347		1,894,937		1,814,529		1,804,265		1,640,411
Real estate - residential	1,589,646		1,365,482		1,403,000		1,275,201		1,245,370
Consumer installment	449,856		436,469		455,371		399,858		375,722
Total legacy loans	$	6,522,448	$	5,756,358	$	5,660,457	$	5,543,306	$	5,380,515
Purchased loans
Commercial, financial and agricultural	$	252,621	$	327,972	$	372,686	$	413,365	$	397,517
Real estate - construction and development	315,141		239,413		227,900		219,882		268,443
Real estate - commercial and farmland	1,135,866		1,280,515		1,337,859		1,399,174		1,428,490
Real estate - residential	558,458		597,735		623,199		649,352		679,205
Consumer installment	24,339		26,636		27,188		29,687		38,855
Total purchased loans	$	2,286,425	$	2,472,271	$	2,588,832	$	2,711,460	$	2,812,510
Purchased loan pools
Real estate - residential	$	240,997	$	253,710	$	262,625	$	274,752	$	297,509
Total purchased loan pools	$	240,997	$	253,710	$	262,625	$	274,752	$	297,509
Total loan portfolio
Commercial, financial and agricultural	$	1,900,811	$	1,710,879	$	1,689,045	$	1,835,517	$	1,844,374
Real estate - construction and development	1,103,550		915,976		899,098		861,712		940,598
Real estate - commercial and farmland	3,182,213		3,175,452		3,152,388		3,203,439		3,068,901
Real estate - residential	2,389,101		2,216,927		2,288,824		2,199,305		2,222,084
Consumer installment	474,195		463,105		482,559		429,545		414,577
Total loans	$	9,049,870	$	8,482,339	$	8,511,914	$	8,529,518	$	8,490,534
Troubled Debt Restructurings (excluding purchased loans)
Accruing troubled debt restructurings
Commercial, financial and agricultural	$	300	$	116	$	256	$	180	$	38
Real estate - construction and development	138		142		145		384		150
Real estate - commercial and farmland	2,911		2,954		2,863		3,817		4,531
Real estate - residential	9,593		8,240		6,043		6,558		6,299
Consumer installment	10		11		16		4		5
Total accruing troubled debt restructurings	$	12,952	$	11,463	$	9,323	$	10,943	$	11,023
Nonaccrual troubled debt restructurings
Commercial, financial and agricultural	$	135	$	138	$	138	$	208	$	330
Real estate - construction and development	2		2		2		6		30
Real estate - commercial and farmland	576		450		426		306		196
Real estate - residential	791		832		1,119		742		709
Consumer installment	65		63		69		92		102
Total nonaccrual troubled debt restructurings	$	1,569	$	1,485	$	1,754	$	1,354	$	1,367
Total troubled debt restructurings (excluding purchased loans)	$	14,521	$	12,948	$	11,077	$	12,297	$	12,390

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Loan Information (continued)	Table 5
	Jun		Mar		Dec		Sep		Jun
(dollars in thousands)	2019		2019		2018		2018		2018
Loans by Risk Grade
Legacy loans
Grade 1 - Prime credit	$	543,786	$	540,646	$	542,164	$	550,020	$	545,902
Grade 2 - Strong credit	730,621		587,622		523,101		645,612		660,495
Grade 3 - Good credit	2,801,373		2,372,115		2,408,128		2,289,584		2,211,703
Grade 4 - Satisfactory credit	2,225,083		2,088,813		2,047,688		1,939,518		1,820,884
Grade 5 - Fair credit	139,936		87,785		59,054		40,041		52,069
Grade 6 - Other assets especially mentioned	34,414		32,949		35,118		41,125		38,150
Grade 7 - Substandard	47,232		46,428		45,204		37,406		51,305
Grade 8 - Doubtful	—		—		—		—		7
Grade 9 - Loss	3		—		—		—		—
Total legacy loans	$	6,522,448	$	5,756,358	$	5,660,457	$	5,543,306	$	5,380,515
Purchased loans
Grade 1 - Prime credit	$	78,248	$	80,682	$	90,775	$	54,840	$	55,183
Grade 2 - Strong credit	81,069		84,904		84,617		132,454		139,683
Grade 3 - Good credit	787,052		677,718		656,289		463,307		449,317
Grade 4 - Satisfactory credit	1,176,182		1,428,353		1,586,377		1,828,090		1,908,143
Grade 5 - Fair credit	71,293		90,391		63,613		133,653		135,281
Grade 6 - Other assets especially mentioned	29,661		38,599		30,448		35,676		45,095
Grade 7 - Substandard	62,920		71,618		76,713		63,440		79,808
Grade 8 - Doubtful	—		—		—		—		—
Grade 9 - Loss	—		6		—		—		—
Total purchased loans	$	2,286,425	$	2,472,271	$	2,588,832	$	2,711,460	$	2,812,510
Purchased loan pools
Grade 3 - Good credit	$	240,997	$	253,310	$	262,625	$	270,056	$	295,312
Grade 7 - Substandard	—		400		—		4,696		2,197
Total purchased loan pools	$	240,997	$	253,710	$	262,625	$	274,752	$	297,509

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Average Balances	Table 6
	Three Months Ended										Six Months Ended
	Jun		Mar		Dec		Sep		Jun		Jun		Jun
(dollars in thousands)	2019		2019		2018		2018		2018		2019		2018
Earning Assets
Federal funds sold	$	41,683	$	31,291	$	28,755	$	15,074	$	203	$	36,515	$	107
Interest-bearing deposits in banks	341,937		467,379		373,068		283,604		151,332		404,311		151,691
Time deposits in other banks	3,792		10,221		10,961		11,557		254		6,989		128
Investment securities - taxable	1,233,297		1,186,896		1,138,981		1,117,517		839,772		1,210,225		808,714
Investment securities - nontaxable	15,288		24,136		29,962		31,641		26,626		19,688		37,480
Other investments	15,830		14,532		18,494		36,067		42,384		15,185		38,662
Loans held for sale	154,707		101,521		129,664		151,396		141,875		128,261		140,012
Loans	6,370,860		5,867,037		5,819,684		5,703,921		5,198,301		6,138,749		5,051,742
Purchased loans	2,123,754		2,359,280		2,402,610		2,499,393		1,107,184		2,222,457		974,846
Purchased loan pools	245,947		257,661		268,568		287,859		310,594		251,772		317,813
Total Earning Assets	$	10,547,095	$	10,319,954	$	10,220,747	$	10,138,029	$	7,818,525	$	10,434,152	$	7,521,195
Deposits
Noninterest-bearing deposits	$	2,723,843	$	2,545,043	$	2,570,783	$	2,320,851	$	1,973,910	$	2,634,937	$	1,877,858
NOW accounts	1,506,721		1,553,988		1,546,939		1,567,111		1,311,952		1,530,224		1,324,764
MMDA	2,655,108		2,677,015		2,590,194		2,440,086		1,950,601		2,666,001		1,960,531
Savings accounts	405,506		399,089		401,836		423,449		295,326		402,315		286,750
Retail CDs < $100,000	778,957		767,405		776,556		744,145		475,965		773,213		449,515
Retail CDs $100,000 and over	1,183,465		1,124,733		1,055,973		978,842		585,632		1,154,261		589,611
Brokered CDs	486,292		510,301		510,663		487,686		14,132		498,230		7,105
Total Deposits	9,739,892		9,577,574		9,452,944		8,962,170		6,607,518		9,659,181		6,496,134
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	3,213		15,879		14,670		12,529		14,762		9,511		17,819
FHLB advances	22,390		6,257		101,337		513,460		703,177		14,368		538,282
Other borrowings	145,453		145,473		145,494		145,513		86,302		145,463		80,957
Subordinated deferrable interest debentures	89,686		89,343		89,135		88,801		86,085		89,516		85,894
Total Non-Deposit Funding	260,742		256,952		350,636		760,303		890,326		258,858		722,952
Total Funding	$	10,000,634	$	9,834,526	$	9,803,580	$	9,722,473	$	7,497,844	$	9,918,039	$	7,219,086

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Interest Income and Interest Expense (TE)													Table 7
	Three Months Ended										Six Months Ended
	Jun		Mar		Dec		Sep		Jun		Jun		Jun
(dollars in thousands)	2019		2019		2018		2018		2018		2019		2018
Interest Income
Federal funds sold	$	257	$	179	$	155	$	72	$	—	$	436	$	—
Interest-bearing deposits in banks	2,260		3,099		1,906		1,520		723		5,359		1,439
Time deposits in other banks	16		51		58		61		—		67		—
Investment securities - taxable	9,383		9,043		8,686		8,792		6,321		18,426		11,528
Investment securities - nontaxable (TE)	129		197		247		258		226		327		634
Loans held for sale	1,632		1,152		1,618		1,566		1,315		2,784		2,525
Loans (TE)	87,412		77,322		73,594		73,178		63,908		164,733		122,679
Purchased loans	27,154		33,011		35,413		34,692		16,130		60,165		27,892
Purchased loan pools	1,847		1,933		2,151		2,059		2,267		3,780		4,691
Total Earning Assets	$	130,090	$	125,987	$	123,828	$	122,198	$	90,890	$	256,077	$	171,388
Accretion income (included above)	$	3,103	$	2,883	$	4,077	$	3,656	$	2,652	$	5,986	$	4,096
Interest Expense
Deposits
Noninterest-bearing deposits	$	—	$	—	$	—	$	—	$	—	$	—	$	—
NOW accounts	2,260		2,109		1,736		1,142		1,142		4,369		2,095
MMDA	9,488		9,047		7,991		5,885		3,953		18,535		7,479
Savings accounts	85		77		83		82		54		162		101
Retail CDs < $100,000	2,744		2,312		1,880		1,827		907		5,056		1,575
Retail CDs $100,000 and over	5,841		5,018		3,978		3,643		1,670		10,859		3,248
Brokered CDs	3,036		3,121		3,190		3,051		68		6,157		68
Total Deposits	23,454		21,684		18,858		15,630		7,794		45,138		14,566
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	2		11		5		4		5		13		14
FHLB advances	141		44		568		2,745		3,383		185		4,840
Other borrowings	2,210		2,227		2,222		2,180		1,320		4,437		2,454
Subordinated deferrable interest debentures	1,570		1,568		1,542		1,522		1,445		3,138		2,784
Total Non-Deposit Funding	3,923		3,850		4,337		6,451		6,153		7,773		10,092
Total Funding	$	27,377	$	25,534	$	23,195	$	22,081	$	13,947	$	52,911	$	24,658
Net Interest Income (TE)	$	102,713	$	100,453	$	100,633	$	100,117	$	76,943	$	203,166	$	146,730

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Yields(1)													Table 8
	Three Months Ended										Six Months Ended
	Jun		Mar		Dec		Sep		Jun		Jun		Jun
	2019		2019		2018		2018		2018		2019		2018
Earning Assets
Federal funds sold	2.47	%	2.32	%	2.14	%	1.89	%	0.00	%	2.41	%	0.00	%
Interest-bearing deposits in banks	2.65	%	2.69	%	2.03	%	2.13	%	1.92	%	2.67	%	1.91	%
Time deposits in other banks	1.69	%	2.02	%	2.10	%	2.09	%	0.00	%	1.93	%	0.00	%
Investment securities - taxable	3.05	%	3.09	%	3.03	%	3.12	%	3.02	%	3.07	%	2.87	%
Investment securities - nontaxable (TE)	3.38	%	3.31	%	3.27	%	3.24	%	3.40	%	3.35	%	3.41	%
Loans held for sale	4.23	%	4.60	%	4.95	%	4.10	%	3.72	%	4.38	%	3.64	%
Loans (TE)	5.50	%	5.34	%	5.02	%	5.09	%	4.93	%	5.41	%	4.90	%
Purchased loans	5.13	%	5.67	%	5.85	%	5.51	%	5.84	%	5.46	%	5.77	%
Purchased loan pools	3.01	%	3.04	%	3.18	%	2.84	%	2.93	%	3.03	%	2.98	%
Total Earning Assets	4.95	%	4.95	%	4.81	%	4.78	%	4.66	%	4.95	%	4.60	%
Deposits
Noninterest-bearing deposits	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
NOW accounts	0.60	%	0.55	%	0.45	%	0.29	%	0.35	%	0.58	%	0.32	%
MMDA	1.43	%	1.37	%	1.22	%	0.96	%	0.81	%	1.40	%	0.77	%
Savings accounts	0.08	%	0.08	%	0.08	%	0.08	%	0.07	%	0.08	%	0.07	%
Retail CDs < $100,000	1.41	%	1.22	%	0.96	%	0.97	%	0.76	%	1.32	%	0.71	%
Retail CDs $100,000 and over	1.98	%	1.81	%	1.49	%	1.48	%	1.14	%	1.90	%	1.11	%
Brokered CDs	2.50	%	2.48	%	2.48	%	2.48	%	1.93	%	2.49	%	1.93	%
Total Deposits	0.97	%	0.92	%	0.79	%	0.69	%	0.47	%	0.94	%	0.45	%
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	0.25	%	0.28	%	0.14	%	0.13	%	0.14	%	0.28	%	0.16	%
FHLB advances	2.53	%	2.85	%	2.22	%	2.12	%	1.93	%	2.60	%	1.81	%
Other borrowings	6.09	%	6.21	%	6.06	%	5.94	%	6.13	%	6.15	%	6.11	%
Subordinated deferrable interest debentures	7.02	%	7.12	%	6.86	%	6.80	%	6.73	%	7.07	%	6.54	%
Total Non-Deposit Funding	6.03	%	6.08	%	4.91	%	3.37	%	2.77	%	6.06	%	2.82	%
Total Funding(2)	1.10	%	1.05	%	0.94	%	0.90	%	0.75	%	1.08	%	0.69	%
Net Interest Spread	3.85	%	3.90	%	3.87	%	3.88	%	3.91	%	3.87	%	3.91	%
Net Interest Margin(3)	3.91	%	3.95	%	3.91	%	3.92	%	3.95	%	3.93	%	3.93	%
(1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%.
(2) Rate calculated based on total average funding including noninterest-bearing deposits.
(3) Rate calculated based on average earning assets.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations
Adjusted Net Income																Table 9A
	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
(dollars in thousands except per share data)	2019			2019			2018			2018			2018			2019			2018
Net income available to common shareholders	$	38,904		$	39,905		$	43,536		$	41,444		$	9,387		$	78,809		$	36,047
Adjustment items:
Merger and conversion charges	3,475			2,057			997			276			18,391			5,532			19,226
Executive retirement benefits	—			—			2,005			962			5,457			—			5,457
Restructuring charges	—			245			754			229			—			245			—
MSR valuation adjustment	1,460			—			—			—			—			1,460			—
Financial impact of hurricanes	50			(89)			882			—			—			(39)			—
Loss on sale of premises	2,800			919			250			4			196			3,719			779
Tax effect of adjustment items (Note 1)	(1,479)			(450)			(810)			377			(4,192)			(1,929)			(4,490)
After tax adjustment items	6,306			2,682			4,078			1,848			19,852			8,988			20,972
Reduction in state tax expense accrued in prior year net of federal tax impact	—			—			(1,717)			—			—			—			—
Adjusted net income	$	45,210		$	42,587		$	45,897		$	43,292		$	29,239		$	87,797		$	57,019
Weighted average number of shares - diluted	47,337,809			47,456,314			47,593,252			47,685,334			39,709,503			47,394,911			38,980,754
Net income per diluted share	$	0.82		$	0.84		$	0.91		$	0.87		$	0.24		$	1.66		$	0.92
Adjusted net income per diluted share	$	0.96		$	0.90		$	0.96		$	0.91		$	0.74		$	1.85		$	1.46
Average assets	$	11,625,344		$	11,423,677		$	11,307,980		$	11,204,504		$	8,529,035		$	11,525,068		$	8,207,704
Return on average assets	1.34		%	1.42		%	1.53		%	1.47		%	0.44		%	1.38		%	0.89		%
Adjusted return on average assets	1.56		%	1.51		%	1.61		%	1.53		%	1.38		%	1.54		%	1.40		%
Average common equity	$	1,519,598		$	1,478,462		$	1,428,341		$	1,395,479		$	974,494		$	1,499,144		$	941,778
Average tangible common equity	$	964,841		$	917,876		$	869,201		$	837,914		$	679,559		$	941,489		$	669,228
Return on average common equity	10.27		%	10.95		%	12.09		%	11.78		%	3.86		%	10.60		%	7.72		%
Adjusted return on average tangible common equity	18.79		%	18.82		%	20.95		%	20.50		%	17.26		%	18.81		%	17.18		%
Note 1:  A portion of the merger and conversion charges for all periods and the 2Q18 executive retirement benefits are nondeductible for tax purposes.
Net Interest Margin Excluding Accretion and Yield on Total Loans Excluding Accretion																Table 9B
	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
(dollars in thousands)	2019			2019			2018			2018			2018			2019			2018
Total interest income (TE)	$	130,090		$	125,987		$	123,828		$	122,198		$	90,890		$	256,077		$	171,388
Accretion income	3,103			2,883			4,077			3,656			2,652			5,986			4,096
Total interest income (TE) excluding accretion	126,987			123,104			119,751			118,542			88,238			250,091			167,292
Interest expense	27,377			25,534			23,195			22,081			13,947			52,911			24,658
Net interest income (TE) excluding accretion	$	99,610		$	97,570		$	96,556		$	96,461		$	74,291		$	197,180		$	142,634
Yield on total loans (TE) excluding accretion	5.18		%	5.22		%	5.00		%	4.95		%	4.81		%	5.20		%	4.78		%
Net interest margin (TE) excluding accretion	3.79		%	3.83		%	3.75		%	3.77		%	3.81		%	3.81		%	3.82		%

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Adjusted Efficiency Ratio (TE)																Table 9C
	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
(dollars in thousands)	2019			2019			2018			2018			2018			2019			2018
Adjusted Noninterest Expense
Total noninterest expense	$	81,251		$	75,425		$	75,810		$	72,353		$	86,386		$	156,676		$	145,484
Adjustment items:
Merger and conversion charges	(3,475)			(2,057)			(997)			(276)			(18,391)			(5,532)			(19,226)
Executive retirement benefits	—			—			(2,005)			(962)			(5,457)			—			(5,457)
Restructuring charges	—			(245)			(754)			(229)			—			(245)			—
Financial impact of hurricanes	(50)			89			(882)			—			—			39			—
Loss on sale of premises	(2,800)			(919)			(250)			(4)			(196)			(3,719)			(779)
Adjusted noninterest expense	$	74,926		$	72,293		$	70,922		$	70,882		$	62,342		$	147,219		$	120,022
Total Revenue
Net interest income	$	101,651		$	99,395		$	99,554		$	99,038		$	75,999		$	201,046		$	144,800
Noninterest income	35,236			30,771			30,470			30,171			31,307			66,007			57,771
Total revenue	$	136,887		$	130,166		$	130,024		$	129,209		$	107,306		$	267,053		$	202,571
Adjusted Total Revenue
Net interest income (TE)	$	102,713		$	100,453		$	100,633		$	100,117		$	76,943		$	203,166		$	146,730
Noninterest income	35,236			30,771			30,470			30,171			31,307			66,007			57,771
Total revenue (TE)	137,949			131,224			131,103			130,288			108,250			269,173			204,501
Adjustment items:
(Gain) loss on securities	(69)			(66)			(1)			(48)			123			(135)			86
MSR valuation adjustment	1,460			—			—			—			—			1,460			—
Adjusted total revenue (TE)	$	139,340		$	131,158		$	131,102		$	130,240		$	108,373		$	270,498		$	204,587
Efficiency ratio	59.36		%	57.95		%	58.30		%	56.00		%	80.50		%	58.67		%	71.82		%
Adjusted efficiency ratio (TE)	53.77		%	55.12		%	54.10		%	54.42		%	57.53		%	54.43		%	58.67		%
Tangible Book Value Per Share																Table 9D
	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
(dollars in thousands except per share data)	2019			2019			2018			2018			2018			2019			2018
Total shareholders' equity	$	1,537,121		$	1,495,584		$	1,456,347		$	1,404,977		$	1,371,896		$	1,537,121		$	1,371,896
Less:
Goodwill	501,140			501,308			503,434			505,604			504,764			501,140			504,764
Other intangibles, net	52,437			55,557			58,689			54,729			53,561			52,437			53,561
Total tangible shareholders' equity	$	983,544		$	938,719		$	894,224		$	844,644		$	813,571		$	983,544		$	813,571
Period end number of shares	47,261,584			47,585,309			47,499,941			47,496,966			47,518,662			47,261,584			47,518,662
Book value per share (period end)	$	32.52		$	31.43		$	30.66		$	29.58		$	28.87		$	32.52		$	28.87
Tangible book value per share (period end)	$	20.81		$	19.73		$	18.83		$	17.78		$	17.12		$	20.81		$	17.12

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting											Table 10
	Three Months Ended										Six Months Ended
	Jun		Mar		Dec		Sep		Jun		Jun		Jun
(dollars in thousands)	2019		2019		2018		2018		2018		2019		2018
Banking Division
Net interest income	$	84,755	$	85,039	$	84,399	$	84,041	$	61,759	$	169,794	$	117,118
Provision for loan losses	2,306		2,058		1,603		1,229		766		4,364		1,654
Noninterest income	14,830		14,370		15,784		16,524		13,287		29,200		26,386
Noninterest expense
Salaries and employee benefits	24,228		27,932		25,882		26,120		26,646		52,160		48,714
Occupancy and equipment expenses	7,034		7,281		7,080		7,871		5,684		14,315		11,161
Data processing and telecommunications expenses	7,635		7,592		7,522		7,589		5,611		15,227		11,915
Other noninterest expenses	22,728		16,956		17,310		13,461		29,937		39,684		41,017
Total noninterest expense	61,625		59,761		57,794		55,041		67,878		121,386		112,807
Income before income tax expense	35,654		37,590		40,786		44,295		6,402		73,244		29,043
Income tax expense	8,691		8,775		5,493		11,156		1,716		17,466		6,958
Net income	$	26,963	$	28,815	$	35,293	$	33,139	$	4,686	$	55,778	$	22,085
Retail Mortgage Division
Net interest income	$	7,567	$	5,753	$	7,873	$	5,544	$	5,046	$	13,320	$	10,043
Provision for loan losses	609		136		(1)		122		246		745		463
Noninterest income	18,070		14,290		10,689		12,097		13,889		32,360		25,474
Noninterest expense
Salaries and employee benefits	11,886		8,207		10,802		10,061		10,864		20,093		18,606
Occupancy and equipment expenses	670		766		684		618		545		1,436		1,138
Data processing and telecommunications expenses	394		330		306		347		383		724		772
Other noninterest expenses	2,385		2,114		1,661		1,828		1,778		4,499		3,509
Total noninterest expense	15,335		11,417		13,453		12,854		13,570		26,752		24,025
Income before income tax expense	9,693		8,490		5,110		4,665		5,119		18,183		11,029
Income tax expense	2,170		1,613		1,073		943		1,075		3,783		2,319
Net income	$	7,523	$	6,877	$	4,037	$	3,722	$	4,044	$	14,400	$	8,710
Warehouse Lending Division
Net interest income	$	2,987	$	2,690	$	2,438	$	2,469	$	2,326	$	5,677	$	4,181
Provision for loan losses	—		—		—		—		—		—		—
Noninterest income	450		379		386		503		735		829		1,132
Noninterest expense
Salaries and employee benefits	162		161		145		136		128		323		266
Occupancy and equipment expenses	1		1		—		2		—		2		—
Data processing and telecommunications expenses	38		30		29		30		30		68		63
Other noninterest expenses	75		68		62		69		55		143		107
Total noninterest expense	276		260		236		237		213		536		436
Income before income tax expense	3,161		2,809		2,588		2,735		2,848		5,970		4,877
Income tax expense	664		590		544		574		598		1,254		1,024
Net income	$	2,497	$	2,219	$	2,044	$	2,161	$	2,250	$	4,716	$	3,853

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting (continued)											Table 10
	Three Months Ended										Six Months Ended
	Jun		Mar		Dec		Sep		Jun		Jun		Jun
(dollars in thousands)	2019		2019		2018		2018		2018		2019		2018
SBA Division
Net interest income	$	1,182	$	1,086	$	1,352	$	1,459	$	1,320	$	2,268	$	2,244
Provision for loan losses	178		231		112		41		447		409		984
Noninterest income	1,883		1,730		1,094		1,045		1,349		3,613		2,719
Noninterest expense
Salaries and employee benefits	845		765		712		682		736		1,610		1,476
Occupancy and equipment expenses	65		59		63		58		55		124		113
Data processing and telecommunications expenses	3		2		—		1		9		5		18
Other noninterest expenses	249		349		401		210		290		598		526
Total noninterest expense	1,162		1,175		1,176		951		1,090		2,337		2,133
Income before income tax expense	1,725		1,410		1,158		1,512		1,132		3,135		1,846
Income tax expense	362		296		243		317		238		658		388
Net income	$	1,363	$	1,114	$	915	$	1,195	$	894	$	2,477	$	1,458
Premium Finance Division
Net interest income	$	5,160	$	4,827	$	3,492	$	5,525	$	5,548	$	9,987	$	11,214
Provision for loan losses	1,575		983		1,947		703		7,651		2,558		7,810
Noninterest income	3		2		2,517		2		2,047		5		2,060
Noninterest expense
Salaries and employee benefits	1,320		1,305		1,441		1,447		1,402		2,625		2,803
Occupancy and equipment expenses	64		97		118		49		106		161		176
Data processing and telecommunications expenses	318		437		436		551		406		755		806
Other noninterest expenses	1,151		973		1,156		1,223		1,721		2,124		2,298
Total noninterest expense	2,853		2,812		3,151		3,270		3,635		5,665		6,083
Income before income tax expense	735		1,034		911		1,554		(3,691)		1,769		(619)
Income tax expense	177		154		(336)		327		(1,204)		331		(560)
Net income	$	558	$	880	$	1,247	$	1,227	$	(2,487)	$	1,438	$	(59)
Total Consolidated
Net interest income	$	101,651	$	99,395	$	99,554	$	99,038	$	75,999	$	201,046	$	144,800
Provision for loan losses	4,668		3,408		3,661		2,095		9,110		8,076		10,911
Noninterest income	35,236		30,771		30,470		30,171		31,307		66,007		57,771
Noninterest expense
Salaries and employee benefits	38,441		38,370		38,982		38,446		39,776		76,811		71,865
Occupancy and equipment expenses	7,834		8,204		7,945		8,598		6,390		16,038		12,588
Data processing and telecommunications expenses	8,388		8,391		8,293		8,518		6,439		16,779		13,574
Other noninterest expenses	26,588		20,460		20,590		16,791		33,781		47,048		47,457
Total noninterest expense	81,251		75,425		75,810		72,353		86,386		156,676		145,484
Income before income tax expense	50,968		51,333		50,553		54,761		11,810		102,301		46,176
Income tax expense	12,064		11,428		7,017		13,317		2,423		23,492		10,129
Net income	$	38,904	$	39,905	$	43,536	$	41,444	$	9,387	$	78,809	$	36,047

CONTACT: Nicole S. Stokes, Executive Vice President and CFO, (904) 486-7214

EX-99.2

Exhibit 99.2

Ameris Bancorp 2nd Quarter 2019 Results Investor Presentation

This presentation contains forward - looking statements, as defined by federal securities laws, including, among other forward - looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward - looking statements. The forward - looking statements in this presentation are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward - looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements. Factors that could cause or contribute to such differences include, without limitation, the following: general competitive, economic, political and market conditions and fluctuations, including, without limitation, movements in interest rates; competitive pressures on product pricing and services; the businesses of Ameris Bancorp (“Ameris”) and Fidelity Southern Corporation may not be integrated successfully or such integration may take longer to accomplish than expected following the parties’ merger; the expected cost savings and any revenue synergies from the merger may not be fully realized within the expected timeframes; disruption from the merger may make it more difficult to maintain relationships with customers, employees or others; diversion of management time to merger - related issues; and success and timing of other business strategies. For a discussion of some of the other risks and other factors that may cause such forward - looking statements to differ materially from actual results, please refer to Ameris’s filings with the Securities and Exchange Commission (the “SEC”), including Ameris’s Annual Report on Form 10 - K for the year ended December 31, 2018 and its subsequently filed Quarterly Reports on Form 10 - Q and Current Reports on Form 8 - K. Forward - looking statements speak only as of the date they are made, and Ameris undertakes no obligation to update or revise forward - looking statements. Cautionary Statements 2

• Management team focused on producing top quartile results, including 1 . 56 % Adjusted ROA and 18 . 79 % Adjusted ROTCE in 2 Q 2019 • Managed minimal rate sensitivity despite significant growth in total assets and intense pressure on deposit costs • 2 Q 19 margin (excluding accretion) down slightly to 3 . 79 % , from 3 . 83 % in 1 Q 19 • Strong, attractive Southeastern markets and attractive lines of business give us the ability to grow organically at a safe pace • Growth prospects for TBV and Capital levels are very attractive • CRE concentrations are moderate and forecast to decline . The Ameris Bancorp Story Top of Class Operating Results Disciplined M&A Strategy in the Southeast • Completed acquisition of Fidelity Southern Corporation (LION) on July 1 , which increased assets approximately $ 4 . 78 billion • Expect four - six quarter pause on M&A activity – Management team is focused on successful integration of Fidelity acquisition – Opportunities exist within our current markets due to competitor disruption • Successfully integrated acquisitions, including three transactions in 2018 with $ 3 . 1 billion in new assets 3

Clear Path to Future Increase in EPS Confidence in 2020 financial expectations: • Manage margin through funding expertise, capacity and better mix • High single - digit balance sheet growth in strong economic times; able to dial back if necessary in downturns to protect credit and balance sheet • Reliable and profitable growth in all segments of loan production • Sustained profitability in lines of business (mortgage, premium finance, SBA) • Growing pipelines in Orlando and Atlanta as acquisitions and competitor disruption provide additional growth opportunities • Cost savings from Fidelity Southern acquisition identified to be fully implemented by 2020 • Maintain continued efficiency ratio discipline 4

Investment Rationale Organic Growth Opportunities • Historically top quartile return on assets (> 1 . 50 % YTD 2019 ) • Strong ROTCE’s that support organic and M&A growth (over 18 % YTD 2019 ) • Catalysts already identified that are expected to drive efficiency ratio to 50 % over next 12 months Operating Performance Valuation • Material discount on earnings relative to Southeastern peer group suggests material upside and rare buying opportunity : – Current Price of $ 37 . 78 ( 1 ) is 9 . 4 x consensus estimates – Price to TBV of 1 . 82 x ; Price to consensus EOY 2019 TBV of 1 . 80 x – Expansion in multiples is likely as 2019 financial results and earnings are realized ( 1 ) Closing price on July 19 , 2019 • Organic diversified growth opportunities while protecting credit in an economic downturn • Loan production is strong ; diversified across bank and lines of business • Competition for deposits is brisk ; however, noninterest bearing deposits have increased more than 9 % YTD 2019 5

2nd Quarter 2019 Financial Results

Earnings Summary – Adjusted Basis 7 (dollars in thousands, except per share data) Quarter to Date Results Year To Date Results 2Q19 2Q18 Change 2019 2018 Change Adjusted Net Income $ 45,210 $ 29,239 55% $ 87,797 $ 57,019 54% Adjusted Net Income Per Share $ 0.96 $ 0.74 30% $ 1.85 $ 1.46 27% Adjusted Return on Assets 1.56% 1.38% 13% 1.54% 1.40% 10% Adjusted Return on TCE 18.79% 17.26% 9% 18.81% 17.18% 9% NIM (net of accretion) 3.79% 3.81% - 1% 3.81% 3.82% 0% Adjusted Efficiency Ratio 53.77% 57.53% - 7% 54.43% 58.67% - 7% Adjusted Net Overhead Ratio 1.37% 1.46% - 6% 1.42% 1.53% - 7%

2Q 2019 Operating Highlights • Growth in adjusted net income of 54.6% compared with 2Q18 • Growth in adjusted EPS of 30% compared with 2Q18 • Adjusted efficiency ratio of 53.77% compared with 55.12% in 1Q19 and 57.53% in 2Q18 • Adjusted ROA of 1.56%, compared with 1.51% in 1Q19 and 1.38% in 2Q18 • Adjusted ROTCE of 18.79%, compared with 18.82% in 1Q19 and 17.26% in 2Q18 • Net Interest Margin (excluding accretion) of 3.79%, compared with 3.83% in 1Q19 • Total revenue of $136.9 million, growth of 27.6% compared with 2Q18 • Increase in TBV of $1.08 per share to $20.81 per share compared with $19.73 at the end of 1Q19 (Includes dividends, repurchases and OCI impact) • Legacy non - performing assets remained stable at 0.23% of total assets, compared with March 31, 2019 8

Operating Highlights (1) Asset growth is materially impacted in 2Q18 by the acquisitions of Atlantic Coast Bank and Hamilton State Bank (2) Adjusted operating expenses exclude merger related charges, executive retirement costs, restructuring charges, financial impact of hurricanes and loss on sale of premises (3) Adjusted efficiency ratio is Adjusted operating Expenses divided by Net Interest Income (TE) and Non - Interest Income, excluding gain/loss on securities and MSR impairment 9 (dollars in thousands) For the quarter For the year to date period 2Q19 2Q18 2019 2018 Asset Growth (1) 233,061 3,167,869 445,821 3,334,494 Asset Growth Rate 8.00% 157.94% 7.79% 84.89% Organic Loan Growth 581,382 268,020 563,978 421,795 Organic Loan Growth Rate 28.38% 18.35% 13.74% 14.83% Total Revenue 136,887 107,306 267,053 202,571 Total Revenue Growth 20.65% 12.64% 31.83% 14.03% Adjusted Operating Expenses (2) 74,926 62,342 147,219 120,022 Adjusted OPEX Growth 14.57% 8.08% 22.66% 11.58% Adjusted Efficiency (3) 53.77% 57.53% 54.43% 58.67% Legacy NPAs / Assets 0.23% 0.29% Credit Related Costs 5,647 10,155 9,966 12,505

Total Revenue Spread Revenues • Steady growth in average earning assets from 1Q19 to 2Q19; $2.73 billion, or 34.9%, growth in average earning assets from 2Q18 to 2Q19 • Slight decrease in margin in challenging rate environment while maintaining stable yield on earning assets • Margin (excluding accretion) of 3.79% in 2Q19, compared with 3.83% in 1Q19 Non - Interest Income • Mortgage banking – increased $3.1 million, or 20.3%, in 2Q19 compared with 2Q18. Production continues to be heavily weighted to purchase volume • Service charges – increased $1.6 million, or 14.7%, in 2Q19, compared with 2Q18, due to acquisitions completed during 2018 • SBA revenues – increased 39.6% over 2Q18 due to increased volume of sold loans. 10 $90.1 $92.9 $92.9 $94.8 $105.6 $126.6 $127.0 $128.3 $134.8 $25.0 $50.0 $75.0 $100.0 $125.0 $150.0 2Q 17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Total Quarterly Revenue (TE), excluding accretion (in millions)

Net Interest Margin Spread Income and Margin: • Average earning assets were up $227 million, increasing spread income of $2.2 million. • Margin (excluding accretion) down 4bps in the second quarter due to shift in deposit mix. – Stable yield on earning assets – Deposit costs increased by 5bps – Growth in noninterest bearing deposits outpaced total deposit growth such that noninterest bearing deposits are over 28% of total deposits at quarter end Accretion income a small part of our revenues: • 2.2% of revenue in 2019 YTD • 2.6% of revenue in 2018 • 2.9% of revenue in 2017 • 4.3% of revenue in 2016 Stable margins over the entire rate cycle. Loan Production Details Period Fixed Rate Variable Rate Total 2Q19 443.1 5.01% 411.7 6.00% 854.7 5.49% 1Q19 264.3 5.29% 349.2 6.15% 613.5 5.78% 4Q18 234.5 5.40% 370.3 5.96% 604.9 5.74% 11 $61.9 $65.9 $69.4 $68.3 $74.3 $96.5 $96.6 $97.6 $99.6 3.77% 3.80% 3.82% 3.84% 3.81% 3.77% 3.75% 3.83% 3.79% 3.00% 3.50% 4.00% 4.50% 5.00% $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0 2Q 17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Net Interest Income (TE) before Accretion (in millions)

Expenses – 2Q19 • Slight decrease in 2 Q 19 core operating expenses at the Bank due to payroll taxes ( 1 Q annual payroll tax seasonality) and continued efficiency efforts • Increase in lines of business - related operating expenses due to increased commissions related to elevated production levels • Continue to drive expense control behaviors throughout the Company and look for efficiencies in our administrative functions 1 – Adjusted operating expenses exclude merger and conversion costs, executive retirement benefits, restructuring charges related to branch consolidation plan, compliance resolution expenses, financial impact of hurricanes and loss on sale of premises. OPEX Highlights: Steady, Adjusted Operating Expenses (1) 12 $15.6 $14.2 $18.5 $17.3 $18.0 $15.7 $19.6 $42.5 $43.5 $43.8 $53.6 $52.9 $56.6 $55.3 0.0 25.0 50.0 75.0 100.0 4Q 17 1Q 18 2Q 18 3Q 18 4Q18 1Q 19 2Q 19 Adjusted Operating Expenses (in millions) LOBs Banking

Capital and TBV – 2Q19 • Historically, consistent growth in TBV • TBV increased $1.08 in 2Q19 – $0.72 from retained earnings – $0.37 from change in OCI – ($0.01) from all other items including share repurchase Consistent Growth in TBV • TCE / TA at quarter end of 8.68%, up from 8.46% at end of 1Q19 • 2Q19 Adjusted ROTCE of 18.79% • Normalized ROTCE in the range of 17% - 19% for 2019 Steady Capital Levels Support Growth Rate 13 $17.24 $17.78 $17.86 $16.90 $17.12 $17.78 $18.83 $19.73 $20.81 $10.00 $12.50 $15.00 $17.50 $20.00 $22.50 $25.00 2Q 17 3Q 17 4Q 17 1Q 18 2Q18 3Q18 4Q18 1Q19 2Q19 Tangible Book Value

Credit Quality and Loan Diversification

Diversified Loan Portfolio 2Q19 Loan Portfolio • Largest category of loans = 21% of total – well diversified Mortgage loans & HELOCs • Participations purchased only 1% of total loans • Average loan size = $72M (all loan types) • < 12% of total loans in Construction or A&D • CRE and C&D concentrations are 251% and 89%, respectively, at 2Q19 • Credit Admin Management consists of CCO, SCO and six Regional Credit Officers. Collectively, they have 70 years with Ameris and 256 years of banking experience • 2Q19 loan growth split among Bank, Mortgage and Warehouse, Premium Finance and Specialty 15 Agriculture 2.4% C&I 20.2% Municipal 6.4% Consumer 5.1% Investor CRE 18.0% Owner Occupied CRE 11.8% AC&D 11.7% Multi - Family 3.3% SFR Mortgage (ex HFS) 21.1%

Diversified Loan Portfolio 16 Relationship Groupings Total Committed Exposure (MM's) % of Total Portfolio Top 25 Relationships $ 932.1 15.3% Top 50 Relationships $ 1,519.8 25.0% Top 100 Relationships $ 2,319.9 38.2% Top 250 Relationships $ 3,596.1 59.2% Top 300 Relationships $ 3,853.9 63.4% Individual Groupings Total Committed Exposure (MM's) Largest Relationship $ 64.5 10th Largest $ 36.5 50th Largest $ 20.0 100th Largest $ 12.9 200th Largest $ 7.0 300th Largest $ 4.8 $64.5 $20.0 $12.9 $9.8 $7.0 $5.6 $4.8 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 1 50 100 150 200 250 300 Relative Size of our Top 300 Relationships (MM’s)

Non - Performing Asset Trend • Non - Performing Assets have decreased from $87.5 million at YE14 to $60.8 million at 2Q19 (31% reduction) • As a % of Total Assets, NPAs declined from 2.17% at YE14 to 0.51% at 2Q19 17 • Ameris has completed five acquisitions since YE14 resulting in an increase in Total Assets from $4.0B to $11.9B (excluding Fidelity Southern) 2.17% 1.09% 0.85% 0.68% 0.55% 0.51% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0 2014 2015 2016 2017 2018 2Q19 NPL-Legacy NPL-Purchased NPL-90+ DPD (USPF) OREO-Legacy OREO-Purchased NPA / Total Assets

Investor CRE Loans 18 Loan Type Outstanding Balance (MM’s) % NPL % PD Office $ 521.7 0.00% 0.28% Multi - Family $ 406.4 0.06% 0.00% Retail (inc Single - Tenant) $ 394.5 0.10% 1.53% Warehouse / Industrial $ 290.1 0.10% 0.00% Hotels / Motels $ 238.9 0.86% 0.00% Strip Center, Non - Anchored $ 219.6 0.00% 0.36% Misc CRE (ALF, Church, etc) $ 203.7 0.00% 0.01% All Other Types $ 202.5 4.04% 0.19% RRE Construction - Spec $ 199.2 0.01% 0.00% Strip Center, Anchored $ 196.4 0.00% 0.00% RRE Construction - Pre - Sold $ 158.5 0.00% 0.26% $ 3,031.5 0.37% 0.30% • 62% of CRE assets are concentrated in Atlanta, Jacksonville, Orlando, Tampa, Tallahassee, Columbia, Savannah and Charleston MSAs • At 2Q19, Past Due and Nonaccrual loans totaled 30 bps and 37 bps, respectively. Investor CRE 18.0% AC&D 11.7% Multi - Family 3.3%

2Q19 Commercial Real Estate Production 19 Loan Type Outstanding (MM's) Committed Exposure (MM's) Direct Debt Service Coverage (DSC)* Loan / Value* Multi - Family $ 39.7 $ 178.2 1.62 53.2% Hotels / Motels $ 40.8 $ 42.2 1.98 53.2% Office $ 23.5 $ 39.2 1.59 63.7% Warehouse / Industrial $ 12.5 $ 34.4 1.58 56.8% Misc CRE (ALF, Church, Colleges) $ 18.7 $ 26.3 2.28 60.8% Retail (inc Single - Tenant) $ 9.1 $ 17.9 1.40 70.7% Strip Center, Anchored $ 11.6 $ 11.6 1.40 58.1% Strip Center, Non - Anchored $ 2.9 $ 9.1 1.19 80.0% $ 158.8 $ 358.9 1.63 60.2% *Based on the average of all loans in that category > $500M Committed Exposure • C&D and CRE loans - $515.1MM • Residential Real Estate Construction: • 2Q19 production spec to sold ratio of 1.8:1 • Total RRE construction portfolio of spec to sold 1.4:1 at 6/30/19 • Spec loans at low average loan size $239.6M • Investor CRE 2Q19 production: • Average 1.63:1 debt service coverage • Average 60.2% loan/value. 2Q19 Construction and Development Loan Production Summary: 2Q19 Commercial Real Estate Production Summary: Loan Type Outstanding (MM's) Committed Exposure (MM's) Avg Loan Size (000's) RRE Construction - Spec RRE Construction - Pre - Sold A&D, RRE Lots, Other Land Loans $ 34.2 $ 19.9 $ 9.5 $ 87.4 $ 49.6 $ 19.2 $ 239.6 $ 250.5 $ 785.3 $ 63.6 $ 156.2

• Largest segment is US Premium Finance at $659.6MM • 2Q19 Production Stats: • Mortgage Warehouse Division funded $4.4 billion of loans in 2018 and $2.7B through 2Q19 – 23% annualized growth through 2019 • Total approved guidance lines = $773.5 million • Average days on line = 20 days • No losses in 2017, 2018 and 1Q19 • Purchased C&I portfolio in 2Q19: • Primarily essential equipment used by convenient stores • Totaled $128.8MM, avg rate = 8.15% • No P/D loans • Avg loan size =$96.5M, 4 ½ avg term C & I Loans Lending Division Balance (in millions) % Portfolio % Nonaccruing Average Loan Size (in thousands) US Premium Finance $659.6 35.7% 0.56% $16.0 Mortgage Warehouse / MSR $467.9 25.3% 0.00% $257.7 Ameris Equipment Finance $120.3 8.4% 0.00% $257.8 Corporate Finance Group $117.2 6.3% 0.77% $3,552.8 Other C&I Loans $484.6 26.2% 0.51% $136.2 Totals $1,847.9 0.43% 20 2Q19 Rolling 12 - Mos $$ Production $407.6MM $1.2B W/A Down Payment 21.2% 20.8% W/A # Installments 9.7 mos 9.8 mos C&I Loans 20.2%

Mortgage Loans • Portfolio Loans consist of: • Legacy Bank mortgage loans - $753.8 million • Mortgage division - $780.6 million • Purchase mortgage pools - $232.6 million • Home Equity LOCs - $158.5 million • Mortgage division production is underwritten to secondary market standards, as follows: 21 3Q18 4Q18 1Q19 2Q19 Net Production $44.4MM $94.1MM $41.5MM $68.6MM Avg DTI 35.9% 36.1% 36.2% 35.5% Avg LTV 81.1% 81.1% 81.2% 77.8% Avg FICO 726 725 723 719 Overall Past Due 2.71% 2.07% 2.04% 1.64% SFR Mortgage (ex HFS) 21.0%

Update on Acquisition of Fidelity Southern Corporation

Combined 3Q19 Estimated Impact • Completed acquisition on July 1, 2019; Conversion scheduled for November 2019 • Balance Sheet: – L oan growth expected to be in mid - single digits, net of indirect runoff – No significant deposit attrition expected • Net I nterest Margin: – S ensitivity slightly asset sensitive – Low double digit margin compression inclusive of purchase accounting adjustments and 25bp fed cut • Noninterest Income: – No signi ficant attrition expected in mortgage line of business • Noninterest Expense: – Fully phased in cost saves not until 2020 – Expect 20% of the announced cost savings to be realized in 3Q19 – Maintain efficiency ratio below 60% until fully phased in cost savings 23

Agriculture 0.2% C&I 6.2% Municipal 0.0% Consumer , 36.2% Investor CRE , 14.6% Owner Occupied CRE, 12.2% AC&D 8.5% Multi - Family 0.1% SFR Mortgage (ex HFS) 22.0% Proforma Loan Portfolio with Fidelity 24 Agriculture 2.4% C&I 20.2% Municipal 6.4% Consumer 5.1% Investor CRE 18.0% Owner Occupied CRE 11.8% AC&D 11.7% Multi - Family 3.3% SFR Mortgage (ex HFS) 21.0% Agriculture 1.8% C&I 16.2% Municipal 4.6% Consumer 14.0% Investor CRE 17.0% Owner Occupied CRE 12.0% AC&D 10.8% Multi - Family , 2.4% SFR Mortgage (ex HFS) 21.3% Combined Bank Fidelity Bank Ameris Bank

Ameris Bancorp Press Release & Financial Highlights June 30, 2019