Ameris Bancorp (Exact Name of Registrant As Specified in Charter)

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): January 28, 2021

Ameris Bancorp (Exact Name of Registrant as Specified in Charter)

Georgia 001-13901 58-1456434 (State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.) Incorporation)

3490 Piedmont Road N.E., Suite 1550, Atlanta, Georgia 30305 (Zip Code) (Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (404) 639-6500

(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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

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. ☐

Item 2.02 Results of Operations and Financial Condition.

On January 28, 2021, Ameris Bancorp (the “Company”) issued a press release announcing its unaudited financial results for the quarter and fiscal year ended December 31, 2020. 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 9:00 a.m. Eastern time on January 29, 2021 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 January 28, 2021

99.2 Investor Presentation re: 4th Quarter 2020 Results

104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 Chief Financial Officer

Date: January 28, 2021

Exhibit 99.1

Ameris Bancorp Announces Fourth Quarter And Full Year 2020 Financial Results

ATLANTA, Jan. 28, 2021 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $94.3 million, or $1.36 per diluted share, for the quarter ended December 31, 2020, compared with $61.2 million, or $0.88 per diluted share, for the quarter ended December 31, 2019. The increase in net income is primarily attributable to increases in mortgage banking activity of $62.0 million and net interest income of $8.1 million, partially offset by an increase of $22.8 million in salaries and employee benefits, compared with the fourth quarter of 2019. The Company reported adjusted net income of $102.0 million, or $1.47 per diluted share, for the quarter ended December 31, 2020, compared with $66.6 million, or $0.96 per diluted share, for the same period in 2019. Adjusted net income excludes after-tax merger and conversion charges, servicing right valuation adjustments, restructuring charges related to branch consolidations and efficiency initiatives, certain legal expenses, (gain) loss on sale of bank premises and expenses related to natural disasters and the COVID-19 pandemic.

For the year ended December 31, 2020, the Company reported net income of $262.0 million, or $3.77 per diluted share, compared with $161.4 million, or $2.75 per diluted share, for the year ended December 31, 2019. The Company reported adjusted net income of $300.5 million, or $4.33 per diluted share, for the year ended December 31, 2020, compared with $222.9 million, or $3.80 per diluted share, for the year ended December 31, 2019. Adjusted net income for the year excludes the same items listed above for the Company's fourth quarter.

Commenting on the Company's results, Palmer Proctor, the Company's Chief Executive Officer, said, "Last quarter, I commented on the optimistic outlook for the remainder of 2020 and we delivered on that optimism this quarter. Our team remained focused and we had many successes during the quarter, including reducing our NPAs down to 48bps of total assets, maintaining our margin and continuing to safely grow the balance sheet to over $20 billion in assets for the first time in our history. While 2020 was not the year that we had anticipated, I am extremely pleased with the adaptability of our Ameris teammates, our ability to serve our customers and our record financial results this year. We are well positioned for 2021 and look forward to our continued success."

Significant items from the Company's results for the fourth quarter of 2020 include the following:

Net income of $94.3 million, or $1.36 per diluted share, compared with $116.1 million, or $1.67 per diluted share, for the third quarter of 2020 Tangible book value growth of $1.23 per share, or 5.5%, to $23.69 compared with $22.46 last quarter Successfully negotiated the termination of our remaining loss-share agreements with the FDIC Net interest margin stable at 3.64%, compared with the third quarter of 2020 Reduced exposure to hotel industry by $87.5 million through the sale of selected notes Non-performing assets decreased to 0.48% of total assets at December 31, 2020, compared with 0.82% at September 30, 2020

Highlights of the Company's results for the full year 2020 include the following:

Growth in net income of $100.5 million, from $161.4 million in 2019 to $262.0 million in 2020 Adjusted return on average assets of 1.56%, compared with 1.52% in 2019 Improvement in adjusted efficiency ratio to 52.17% in 2020, compared with 55.67% in 2019 Growth in tangible book value of 13.8%, from $20.81 at the end of 2019 to $23.69 at the end of 2020 Organic growth in loans of $1.66 billion, or 13.0% (and $834.8 million, or 6.5%, exclusive of PPP loans) Improvement in deposit mix such that noninterest bearing deposits represent 36.27% of total deposits, up from 29.94% at December 31, 2019

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

Adjusted Net Income Reconciliation Three Months Ended Year Ended December 31, December 31, (dollars in thousands, except per share data) 2020 2019 2020 2019 Net income available to common shareholders $ 94,285 $ 61,248 $ 261,988 $ 161,441

Adjustment items: Merger and conversion charges — 2,415 1,391 73,105 Restructuring charges — — 1,513 245 Servicing right impairment 9,501 366 40,067 507 Gain on BOLI proceeds — 752 (948) (3,583) Expenses related to SEC and DOJ investigation 53 463 3,058 463 Natural disaster and pandemic charges (Note 1) 235 — 3,296 (39) (Gain) loss on sale of premises (30) 1,413 624 6,021 Tax effect of adjustment items (Note 2) (2,049) (898) (10,488) (16,065) After-tax adjustment items 7,710 4,511 38,513 60,654

Tax expense attributable to merger related compensation and acquired BOLI — 849 — 849 Adjusted net income $ 101,995 $ 66,608 $ 300,501 $ 222,944

Reported net income per diluted share $ 1.36 $ 0.88 $ 3.77 $ 2.75 Adjusted net income per diluted share $ 1.47 $ 0.96 $ 4.33 $ 3.80

Reported return on average assets 1.89 % 1.35 % 1.36 % 1.10 % Adjusted return on average assets 2.04 % 1.47 % 1.56 % 1.52 %

Reported return on average common equity 14.30 % 9.97 % 10.35 % 8.19 % Adjusted return on average tangible common equity 25.04 % 18.45 % 19.77 % 18.74 %

Note 1: Pandemic charges include "thank you" pay for certain employees, additional sanitizing expenses at our locations, protective equipment for our employees and branch locations, and additional equipment required to support our remote workforce. Note 2: A portion of the merger and conversion charges are nondeductible for tax purposes.

Net Interest Income and Net Interest Margin

Net interest income on a tax-equivalent basis for 2020 totaled $642.9 million, compared with $509.5 million for 2019. The Company's net interest margin was 3.70% for 2020, down from 3.88% reported for 2019. Accretion income for 2020 increased to $27.4 million, compared with $19.9 million for 2019. The decrease in net interest margin is primarily attributable to a decrease in the yield on earning assets resulting from declines in market interest rates, partially offset by a decrease in funding costs.

Net interest income on a tax-equivalent basis for the fourth quarter of 2020 totaled $164.8 million, compared with $163.9 million for the third quarter of 2020 and $156.5 million for the fourth quarter of 2019. The Company's net interest margin was 3.64% for the fourth quarter of 2020, flat compared with 3.64% reported for the third quarter of 2020 and down from 3.86% reported for the fourth quarter of 2019. The stability in net interest margin in the current quarter is primarily attributable to continued focus on management of cost of funds as yields on earning assets decline. Contributing to net interest income for the fourth quarter of 2020 was $6.3 million related to accelerated fee income on PPP loan forgiveness, partially offset by $2.3 million in interest reversals related to the sale of certain hotel loans. Accretion income for the fourth quarter of 2020 decreased to $4.7 million, compared with $6.5 million for the third quarter of 2020 and $9.7 million for the fourth quarter of 2019. The decrease in accretion income in the fourth quarter is primarily attributable to decreased accretion on payoffs compared with the third quarter of 2020.

Yields on loans decreased to 4.41% during the fourth quarter of 2020, compared with 4.42% for the third quarter of 2020 and 5.28% reported for the fourth quarter of 2019. Loan production in the banking division during the fourth quarter of 2020 totaled $784.9 million, with weighted average yields of 3.86%, compared with $869.0 million and 4.00%, respectively, in the third quarter of 2020 and $1.1 billion and 4.70%, respectively, in the fourth quarter of 2019. Loan production in the lines of business (including retail mortgage, warehouse lending, SBA and premium finance) amounted to an additional $7.7 billion during the fourth quarter of 2020, with weighted average yields of 3.25%, compared with $7.7 billion and 3.33%, respectively, during the third quarter of 2020 and $4.1 billion and 4.29%, respectively, during the fourth quarter of 2019.

Interest expense during the fourth quarter of 2020 decreased to $15.3 million, compared with $17.4 million in the third quarter of 2020 and $38.7 million in the fourth quarter of 2019. The Company's total cost of funds moved five basis points lower to 0.36% in the fourth quarter of 2020 as compared with the third quarter of 2020. Deposit costs decreased eight basis points during the fourth quarter of 2020 to 0.22%, compared with 0.30% in the third quarter of 2020. Costs of interest-bearing deposits decreased during the quarter from 0.47% in the third quarter of 2020 to 0.34% in the fourth quarter of 2020.

Noninterest Income

Noninterest income increased $248.4 million, or 125.4%, to $446.5 million for 2020, compared with $198.1 million for 2019, as a result of increased mortgage banking activity. Mortgage banking activity increased $254.7 million, or 213.3%, to $374.1 million for 2020, compared with $119.4 million for 2019, as a result of a production increase of $5.44 billion, or 125.9%, over the same period. Gain on sale spreads increased to 3.79% in 2020 compared with 2.75% in 2019.

Noninterest income decreased $46.9 million, or 29.5%, in the fourth quarter of 2020 to $112.1 million, compared with $159.0 million for the third quarter of 2020, primarily as a result of decreased mortgage banking activity.

Mortgage banking activity decreased $43.4 million, or 31.3%, to $95.2 million in the fourth quarter of 2020, compared with $138.6 million for the third quarter of 2020. This decrease was a result of decreased production, increased servicing right impairment and a decline in the retail mortgage open pipeline, partially offset by an expansion in our gain on sale spread. Gain on sale spreads increased to 4.34% in the fourth quarter of 2020 from 3.92% for the third quarter of 2020. Total production in the retail mortgage division decreased to $2.81 billion in the fourth quarter of 2020, compared with $2.92 billion for the third quarter of 2020. Mortgage banking activity was negatively impacted during the fourth quarter of 2020 by a $9.1 million servicing right impairment, compared with an impairment of $1.1 million for the third quarter of 2020. The retail mortgage open pipeline was $2.00 billion at the end of the fourth quarter of 2020, compared with $2.71 billion at September 30, 2020.

Service charge revenue increased $551,000, or 5.0%, to $11.5 million in the fourth quarter of 2020, compared with $10.9 million for the third quarter of 2020, resulting from an increase in volume. Other noninterest income decreased $3.9 million, or 46.4%, to $4.5 million for the fourth quarter of 2020, compared with $8.4 million for the third quarter of 2020, primarily as a result of decreases in the gain on sales of SBA loans and SBA servicing right valuation adjustment of $2.7 million and $1.1 million, respectively.

Noninterest Expense

Noninterest expense increased $126.7 million, or 26.8%, to $598.6 million in 2020, compared with $471.9 million in 2019. During 2020, the Company recorded $9.9 million of charges to earnings, the majority of which related to natural disaster and pandemic charges and certain legal expenses, compared with $79.8 million in charges in 2019 that were principally related to merger and conversion charges and loss on sale of premises. Excluding these charges, adjusted expenses increased $196.6 million, or 50.1%, to $588.7 million in 2020, from $392.1 million in 2019. The majority of this increase is attributable to the acquisition of Fidelity Bank and variable expenses related to increased mortgage production. The Company continues to focus on its operating efficiency ratio, such that the adjusted efficiency ratio improved from 55.67% in 2019 to 52.17% in 2020.

Noninterest expense decreased $2.6 million, or 1.7%, to $151.1 million during the fourth quarter of 2020, compared with $153.7 million for the third quarter of 2020. During the fourth quarter of 2020, the Company recorded $258,000 of charges to earnings, related to certain legal expenses, natural disaster and pandemic charges and (gain) loss on sale of premises, compared with $647,000 in charges in the third quarter of 2020 that were related to the same items, in addition to merger and conversion charges and restructuring charges associated with branch consolidations and efficiency initiatives. Excluding these charges, adjusted expenses decreased approximately $2.2 million, or 1.4%, to $150.9 million in the fourth quarter of 2020, from $153.0 million in the third quarter of 2020. The majority of this decrease is attributable to variable expenses related to decreased mortgage production. Also during the fourth quarter, the Company incurred a $765,000 expense related to the final termination of the remaining loss-share agreements with the FDIC. The Company made a $1.0 million donation to the Ameris Bank Foundation as well. The adjusted efficiency ratio was 52.67% in the fourth quarter of 2020, compared with 47.34% in the third quarter of 2020.

Income Tax Expense

The Company's effective tax rate for the fourth quarter of 2020 was 25.2%, compared with 22.7% in the third quarter of 2020. The increased rate for the fourth quarter of 2020 was primarily a result of a large return to provision adjustment when the Company filed its 2019 income tax returns in the fourth quarter of 2020.

Balance Sheet Trends

Total assets at December 31, 2020 were $20.44 billion, compared with $18.24 billion at December 31, 2019. Total loans, including loans held for sale, were $15.65 billion at December 31, 2020, compared with $14.48 billion at December 31, 2019. Total loans held for investment were $14.48 billion at December 31, 2020, compared with $12.82 billion at December 31, 2019, an increase of $1.66 billion, or 13.0%. Loan production in the banking division during the fourth quarter of 2020 was down 10% from the third quarter of 2020 and 28% from the fourth quarter of 2019. Loan growth for the year ended December 31, 2020 was driven by PPP loan originations, which totaled $827.6 million in outstanding balances at December 31, 2020, and increases in commercial real estate and warehouse lending.

At December 31, 2020, total deposits amounted to $16.96 billion, or 96.8% of total funding, compared with $14.03 billion and 90.1%, respectively, at December 31, 2019. At December 31, 2020, noninterest-bearing deposit accounts were $6.15 billion, or 36.3% of total deposits, compared with $4.20 billion, or 29.9% of total deposits, at December 31, 2019. Non-rate sensitive deposits (including noninterest-bearing, NOW and savings) totaled $10.23 billion at December 31, 2020, compared with $7.21 billion at December 31, 2019. These funds represented 60.3% of the Company's total deposits at December 31, 2020, compared with 51.4% at the end of 2019.

Shareholders' equity at December 31, 2020 totaled $2.65 billion, an increase of $177.5 million, or 7.2%, from December 31, 2019. The increase in shareholders' equity was primarily the result of earnings of $262.0 million during 2020, partially offset by the CECL adoption impact of $56.7 million and dividends declared. Tangible book value per share was $23.69 at December 31, 2020, compared with $20.81 at December 31, 2019. Tangible common equity as a percentage of tangible assets was 8.47% at December 31, 2020, compared with 8.40% at the end of the 2019.

Credit Quality

Credit quality remains strong in the Company. During the fourth quarter of 2020, the Company reversed provision for credit losses of $1.5 million, compared with a provision of $17.7 million in the third quarter of 2020. This decrease in provision was primarily attributable to improvements in forecast economic conditions, particularly levels of unemployment and GDP, compared with forecast conditions during the third quarter of 2020. The Company has been prudently working with borrowers to support their credit needs during the challenging economic conditions and monitoring the level of modifications on an ongoing basis, such that loans remaining on deferral at the end of the fourth quarter of 2020 equaled approximately 2.9% of total loans, down from approximately 19.0% of total loans at the end of the second quarter of 2020. Nonperforming assets as a percentage of total assets decreased by 34 basis points to 0.48% during the quarter. The decrease in nonperforming assets is primarily attributable to decreased nonaccrual loans in the residential real estate and commercial real estate loan categories. The net charge-off ratio was 70 basis points for the fourth quarter of 2020, compared with 10 basis points in the third quarter of 2020 and nine basis points in the fourth quarter of 2019. The increase in net charge-offs for the fourth quarter of 2020 was primarily attributable to approximately $17.2 million of charge-offs on certain hotel exposures sold during the quarter. The hotel loans sold were selected based on a number of factors, including the level of relationship with the borrower, tier of hotel brand underlying the property and market conditions in the area.

Conference Call

The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, January 29, 2021, 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 February 12, 2021. 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 10151038. The conference call replay and the financial information discussed will also be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com.

About Ameris Bancorp

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. The Company's banking subsidiary, Ameris Bank, had 164 locations in Georgia, Florida, South Carolina and Alabama at the end of the most recent quarter.

This news release 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 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, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy, including any changes that result from the recent U.S. elections; the impact of the COVID-19 pandemic on the general economy, our customers and the allowance for loan losses; the benefits that may be realized by our customers from government assistance programs and regulatory actions related to the COVID-19 pandemic; the potential impact of the proposed phase-out of the London Interbank Offered Rate ("LIBOR") or other changes involving LIBOR; competitive pressures on product pricing and services; the cost savings and any revenue synergies expected to result from acquisition transactions, which may not be fully realized within the expected timeframes if at all; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. 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, 2019, as amended, and its subsequently filed periodic reports and other filings. 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 Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands except per share data) 2020 2020 2020 2020 2019 2020 2019 EARNINGS Net income $ 94,285 $ 116,145 $ 32,236 $ 19,322 $ 61,248 $ 261,988 $ 161,441 Adjusted net income $ 101,995 $ 116,879 $ 42,423 $ 39,205 $ 66,608 $ 300,501 $ 222,944

COMMON SHARE DATA Earnings per share available to common shareholders Basic $ 1.36 $ 1.68 $ 0.47 $ 0.28 $ 0.88 $ 3.78 $ 2.76 Diluted $ 1.36 $ 1.67 $ 0.47 $ 0.28 $ 0.88 $ 3.77 $ 2.75 Adjusted diluted EPS $ 1.47 $ 1.69 $ 0.61 $ 0.56 $ 0.96 $ 4.33 $ 3.80 Cash dividends per share $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.15 $ 0.60 $ 0.50 Book value per share (period end) $ 38.07 $ 36.91 $ 35.42 $ 35.10 $ 35.53 $ 38.07 $ 35.53 Tangible book value per share (period end) $ 23.69 $ 22.46 $ 20.90 $ 20.44 $ 20.81 $ 23.69 $ 20.81 Weighted average number of shares Basic 69,252,307 69,230,667 69,191,778 69,247,661 69,429,193 69,256,020 58,462,137 Diluted 69,493,105 69,346,141 69,292,972 69,502,022 69,683,999 69,426,185 58,614,151 Period end number of shares 69,541,481 69,490,546 69,462,782 69,441,274 69,503,833 69,541,481 69,503,833 Market data High intraday price $ 39.53 $ 27.81 $ 29.82 $ 43.79 $ 44.90 $ 43.79 $ 44.90 Low intraday price $ 22.37 $ 19.91 $ 17.12 $ 17.89 $ 38.34 $ 17.12 $ 31.27 Period end closing price $ 38.07 $ 22.78 $ 23.59 $ 23.76 $ 42.54 $ 38.07 $ 42.54 Average daily volume 394,641 359,059 470,151 461,692 353,783 420,874 389,112

PERFORMANCE RATIOS Return on average assets 1.89 % 2.33 % 0.67 % 0.43 % 1.35 % 1.36 % 1.10 % Adjusted return on average assets 2.04 % 2.35 % 0.89 % 0.87 % 1.47 % 1.56 % 1.52 % Return on average common equity 14.30 % 18.27 % 5.23 % 3.16 % 9.97 % 10.35 % 8.19 % Adjusted return on average tangible common equity 25.04 % 30.53 % 11.66 % 10.98 % 18.45 % 19.77 % 18.74 % Earning asset yield (TE) 3.98 % 4.02 % 4.32 % 4.56 % 4.82 % 4.21 % 4.88 % Total cost of funds 0.36 % 0.41 % 0.52 % 0.91 % 1.00 % 0.54 % 1.05 % Net interest margin (TE) 3.64 % 3.64 % 3.83 % 3.70 % 3.86 % 3.70 % 3.88 % Noninterest income excluding securities transactions, as a percent of total revenue (TE) 38.37 % 46.72 % 39.35 % 22.83 % 22.02 % 37.90 % 23.60 % Efficiency ratio 54.83 % 47.80 % 54.70 % 68.23 % 58.24 % 55.21 % 67.11 % Adjusted efficiency ratio (TE) 52.67 % 47.34 % 51.08 % 59.87 % 55.61 % 52.17 % 55.67 %

CAPITAL ADEQUACY (period end) Shareholders' equity to assets 12.95 % 12.90 % 12.38 % 13.37 % 13.54 % 12.95 % 13.54 % Tangible common equity to tangible assets 8.47 % 8.27 % 7.70 % 8.25 % 8.40 % 8.47 % 8.40 %

EQUITY TO ASSETS RECONCILIATION Tangible common equity to tangible assets 8.47 % 8.27 % 7.70 % 8.25 % 8.40 % 8.47 % 8.40 % Effect of goodwill and other intangibles 4.48 % 4.63 % 4.68 % 5.12 % 5.14 % 4.48 % 5.14 % Equity to assets (GAAP) 12.95 % 12.90 % 12.38 % 13.37 % 13.54 % 12.95 % 13.54 %

OTHER DATA (period end) Full time equivalent employees Banking Division 1,816 1,807 1,832 1,865 1,913 1,816 1,913 Retail Mortgage Division 748 734 692 689 690 748 690 Warehouse Lending Division 12 11 9 9 9 12 9 SBA Division 24 33 42 44 42 24 42 Premium Finance Division 71 71 70 72 68 71 68 Total Ameris Bancorp FTE headcount 2,671 2,656 2,645 2,679 2,722 2,671 2,722

Assets per Banking Division FTE $ 11,255 $ 10,998 $ 10,848 $ 9,772 $ 9,536 $ 11,255 $ 9,536 Branch locations 164 170 170 170 170 164 170 Deposits per branch location $ 103,401 $ 94,493 $ 91,705 $ 81,439 $ 82,512 $ 103,401 $ 82,512

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Income Statement Table 2 Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands except per share data) 2020 2020 2020 2020 2019 2020 2019 Interest income Interest and fees on loans $ 171,971 $ 172,351 $ 175,345 $ 171,242 $ 182,391 $ 690,909 $ 586,848 Interest on taxable securities 6,398 7,259 9,347 10,082 10,358 33,086 40,138 Interest on nontaxable securities 150 159 157 157 167 623 593 Interest on deposits in other banks 252 153 123 1,211 1,091 1,739 8,139 Interest on federal funds sold 12 12 46 76 69 146 676 Total interest income 178,783 179,934 185,018 182,768 194,076 726,503 636,394

Interest expense Interest on deposits 8,870 11,822 14,273 24,102 27,970 59,067 102,533 Interest on other borrowings 6,457 5,574 6,931 10,721 10,755 29,683 28,695 Total interest expense 15,327 17,396 21,204 34,823 38,725 88,750 131,228

Net interest income 163,456 162,538 163,814 147,945 155,351 637,753 505,166

Provision for loan losses (6,700) 26,692 68,449 37,047 5,693 125,488 19,758 Provision for unfunded commitments 5,481 (10,131) 19,712 4,000 — 19,062 — Provision for other credit losses (291) 1,121 — — — 830 — Provision for credit losses (1,510) 17,682 88,161 41,047 5,693 145,380 19,758 Net interest income after provision for credit losses 164,966 144,856 75,653 106,898 149,658 492,373 485,408

Noninterest income Service charges on deposits accounts 11,465 10,914 9,922 11,844 13,567 44,145 50,792 Mortgage banking activity 95,192 138,627 104,925 35,333 33,168 374,077 119,409 Other service charges, commissions and fees 965 1,039 949 961 935 3,914 3,566 Gain (loss) on securities — — 14 (9) (1) 5 138 Other noninterest income 4,521 8,438 5,150 6,250 7,444 24,359 24,208 Total noninterest income 112,143 159,018 120,960 54,379 55,113 446,500 198,113

Noninterest expense Salaries and employee benefits 92,466 96,698 95,168 75,946 69,642 360,278 223,938 Occupancy and equipment expenses 12,709 13,805 13,807 12,028 11,919 52,349 40,596 Data processing and telecommunications expenses 11,323 12,226 10,514 11,954 11,362 46,017 38,513 Credit resolution related expenses(1) 1,156 802 950 2,198 1,098 5,106 4,082 Advertising and marketing expenses 3,267 966 1,455 2,358 2,250 8,046 7,927 Amortization of intangible assets 4,190 4,190 5,601 5,631 5,741 19,612 17,713 Merger and conversion charges — (44) 895 540 2,415 1,391 73,105 Other noninterest expenses 26,005 25,049 27,378 27,398 18,137 105,830 66,063 Total noninterest expense 151,116 153,692 155,768 138,053 122,564 598,629 471,937

Income before income tax expense 125,993 150,182 40,845 23,224 82,207 340,244 211,584 Income tax expense 31,708 34,037 8,609 3,902 20,959 78,256 50,143 Net income $ 94,285 $ 116,145 $ 32,236 $ 19,322 $ 61,248 $ 261,988 $ 161,441

Diluted earnings per common share $ 1.36 $ 1.67 $ 0.47 $ 0.28 $ 0.88 $ 3.77 $ 2.75 (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 Dec Sep Jun Mar Dec (dollars in thousands) 2020 2020 2020 2020 2019 Assets Cash and due from banks $ 203,349 $ 257,026 $ 292,899 $ 255,312 $ 246,234 Federal funds sold and interest-bearing deposits in banks 1,913,957 494,765 428,560 396,844 375,615 Time deposits in other banks 249 249 249 249 249 Investment securities available for sale, at fair value 982,879 1,117,436 1,238,896 1,353,040 1,403,403 Other investments 28,202 47,329 76,453 81,754 66,919 Loans held for sale, at fair value 1,167,659 1,414,889 1,736,397 1,398,229 1,656,711

Loans, net of unearned income 14,480,925 14,943,593 14,503,157 13,094,106 12,818,476 Allowance for credit losses (199,422) (231,924) (208,793) (149,524) (38,189) Loans, net 14,281,503 14,711,669 14,294,364 12,944,582 12,780,287

Other real estate owned 11,880 17,969 23,563 21,027 19,500 Premises and equipment, net 222,890 231,278 230,118 231,347 233,102 Goodwill 928,005 928,005 928,005 931,947 931,637 Other intangible assets, net 71,974 76,164 80,354 85,955 91,586 Cash value of bank owned life insurance 176,467 175,605 175,011 176,239 175,270 Deferred income taxes, net 33,314 53,039 56,306 24,196 2,180 Other assets 416,310 348,428 311,454 323,827 259,886 Total assets $ 20,438,638 $ 19,873,851 $ 19,872,629 $ 18,224,548 $ 18,242,579

Liabilities Deposits Noninterest-bearing $ 6,151,070 $ 5,909,316 $ 5,595,868 $ 4,226,253 $ 4,199,448 Interest-bearing 10,806,753 10,154,490 9,993,950 9,618,365 9,827,625 Total deposits 16,957,823 16,063,806 15,589,818 13,844,618 14,027,073 Federal funds purchased and securities sold under agreements to repurchase 11,641 9,103 12,879 15,160 20,635 Other borrowings 425,155 875,255 1,418,336 1,543,371 1,398,709 Subordinated deferrable interest debentures 124,345 123,860 123,375 122,890 127,560 FDIC loss-share payable, net — 19,476 18,903 18,111 19,642 Other liabilities 272,586 217,668 249,188 243,248 179,378 Total liabilities 17,791,550 17,309,168 17,412,499 15,787,398 15,772,997

Shareholders' Equity Preferred stock — — — — — Common stock 71,754 71,703 71,674 71,652 71,500 Capital stock 1,913,285 1,911,031 1,909,839 1,908,721 1,907,108 Retained earnings 671,510 587,657 481,948 460,153 507,950 Accumulated other comprehensive income, net of tax 33,505 37,252 39,613 39,551 17,995 Treasury stock (42,966) (42,960) (42,944) (42,927) (34,971) Total shareholders' equity 2,647,088 2,564,683 2,460,130 2,437,150 2,469,582 Total liabilities and shareholders' equity $ 20,438,638 $ 19,873,851 $ 19,872,629 $ 18,224,548 $ 18,242,579

Other Data Earning assets $ 18,573,871 $ 18,018,261 $ 17,983,712 $ 16,324,222 $ 16,321,373 Intangible assets 999,979 1,004,169 1,008,359 1,017,902 1,023,223 Interest-bearing liabilities 11,367,894 11,162,708 11,548,540 11,299,786 11,374,529 Average assets 19,876,338 19,810,084 19,222,181 18,056,445 17,998,494 Average common shareholders' equity 2,622,942 2,529,471 2,478,373 2,456,617 2,437,272

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Asset Quality Information Table 4 Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands) 2020 2020 2020 2020 2019 2020 2019 Allowance for Credit Losses Balance at beginning of period $ 260,417 $ 246,295 $ 167,315 $ 39,266 $ 36,607 $ 39,266 $ 28,819

CECL adoption impact on allowance for loan losses — — — 78,661 — 78,661 — CECL adoption impact on allowance for unfunded commitments — — — 12,714 — 12,714 — Total CECL adoption impact — — — 91,375 — 91,375 —

Acquired allowance for unfunded commitments — — — — — — 1,077

Charge-offs 29,094 7,370 11,282 6,718 5,664 54,464 19,861 Recoveries 3,292 3,810 2,101 2,345 2,630 11,548 9,473 Net charge-offs 25,802 3,560 9,181 4,373 3,034 42,916 10,388

Ending balance $ 233,105 $ 260,417 $ 246,295 $ 167,315 $ 39,266 $ 233,105 $ 39,266

Allowance for loan losses $ 199,422 $ 231,924 $ 208,793 $ 149,524 $ 38,189 $ 199,422 $ 38,189 Allowance for unfunded commitments 32,853 27,372 37,502 17,791 1,077 32,853 1,077 Allowance for other credit losses 830 1,121 — — — 830 — T otal allowance for credit losses $ 233,105 $ 260,417 $ 246,295 $ 167,315 $ 39,266 $ 233,105 $ 39,266 Net Charge-off Information Charge-offs Commercial, financial and agricultural $ 5,960 $ 1,715 $ 486 $ 2,486 $ 1,813 $ 10,647 $ 3,460 Consumer installment 2,861 677 962 1,142 1,586 5,642 5,899 Indirect automobile 658 697 1,016 1,231 939 3,602 1,904 Premium Finance 2,240 1,158 1,904 831 899 6,133 4,351 Real estate - construction and development — 9 74 — 146 83 414 Real estate - commercial and farmland 17,284 2,977 6,315 928 181 27,504 3,342 Real estate - residential 91 137 525 100 100 853 491 Total charge-offs 29,094 7,370 11,282 6,718 5,664 54,464 19,861

Recoveries Commercial, financial and agricultural 754 470 303 362 934 1,889 1,838 Consumer installment 480 516 436 321 461 1,753 1,620 Indirect automobile 637 317 359 344 241 1,657 445 Premium Finance 605 1,224 676 684 358 3,189 2,754 Real estate - construction and development 125 182 168 342 430 817 1,745 Real estate - commercial and farmland 439 904 21 85 140 1,449 332 Real estate - residential 252 197 138 207 68 794 739 Total recoveries 3,292 3,810 2,101 2,345 2,632 11,548 9,473

Net charge-offs $ 25,802 $ 3,560 $ 9,181 $ 4,373 $ 3,032 $ 42,916 $ 10,388

Non-Performing Assets Nonaccrual loans $ 76,457 $ 138,163 $ 77,745 $ 77,866 $ 75,124 $ 76,457 $ 75,124 Other real estate owned 11,880 17,969 23,563 21,027 19,500 11,880 19,500 Repossessed assets 544 258 1,348 783 939 544 939 Accruing loans delinquent 90 days or more 8,326 7,003 15,127 11,969 5,754 8,326 5,754 Total non-performing assets $ 97,207 $ 163,393 $ 117,783 $ 111,645 $ 101,317 $ 97,207 $ 101,317

Asset Quality Ratios Non-performing assets as a percent of total assets 0.48 % 0.82 % 0.59 % 0.61 % 0.56 % 0.48 % 0.56 % Net charge-offs as a percent of average loans (annualized) 0.70 % 0.10 % 0.27 % 0.14 % 0.09 % 0.31 % 0.10 %

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Loan Information Table 5 Dec Sep Jun Mar Dec (dollars in thousands) 2020 2020 2020 2020 2019 Loans by Type Commercial, financial and agricultural $ 1,627,477 $ 1,879,788 $ 1,839,921 $ 827,392 $ 802,171 Consumer installment 306,995 450,810 575,782 520,592 498,577 Indirect automobile 580,083 682,396 739,543 937,736 1,061,824 Mortgage warehouse 916,353 995,942 748,853 547,328 526,369 Municipal 659,403 725,669 731,508 749,633 564,304 Premium Finance 687,841 710,890 690,584 661,845 654,669 Real estate - construction and development 1,606,710 1,628,255 1,641,744 1,628,367 1,549,062 Real estate - commercial and farmland 5,300,006 5,116,252 4,804,420 4,516,451 4,353,039 Real estate - residential 2,796,057 2,753,591 2,730,802 2,704,762 2,808,461 Total loans $ 14,480,925 $ 14,943,593 $ 14,503,157 $ 13,094,106 $ 12,818,476

Troubled Debt Restructurings Accruing troubled debt restructurings Commercial, financial and agricultural $ 521 $ 459 $ 591 $ 575 $ 516 Consumer installment 32 36 42 4 8 Indirect automobile 2,277 2,689 — — — Mortgage warehouse — — — — — Municipal — — — — — Premium Finance — — — 159 156 Real estate - construction and development 506 510 919 925 936 Real estate - commercial and farmland 36,707 56,417 5,252 5,587 6,732 Real estate - residential 38,800 28,777 30,253 22,775 21,261 Total accruing troubled debt restructurings $ 78,843 $ 88,888 $ 37,057 $ 30,025 $ 29,609 Nonaccrual troubled debt restructurings Commercial, financial and agricultural $ 849 $ 1,002 $ 1,034 $ 334 $ 335 Consumer installment 56 64 67 105 107 Indirect automobile 461 482 — — — Mortgage warehouse — — — — — Municipal — — — — — Premium Finance — — — — — Real estate - construction and development 707 709 307 289 253 Real estate - commercial and farmland 1,401 19,942 1,878 2,415 2,071 Real estate - residential 2,671 4,477 2,231 3,078 2,857 Total nonaccrual troubled debt restructurings $ 6,145 $ 26,676 $ 5,517 $ 6,221 $ 5,623 Total troubled debt restructurings $ 84,988 $ 115,564 $ 42,574 $ 36,246 $ 35,232

Loans by Risk Grade Grade 1 - Prime credit $ 1,368,661 $ 1,845,900 $ 1,789,709 $ 774,956 $ 587,877 Grade 2 - Strong credit 869,581 838,267 801,273 785,770 840,372 Grade 3 - Good credit 6,624,154 6,189,269 5,784,754 5,772,834 6,034,398 Grade 4 - Satisfactory credit 4,794,672 4,989,617 5,643,133 4,353,733 4,884,541 Grade 5 - Fair credit 452,350 643,502 212,667 1,131,128 233,020 Grade 6 - Other assets especially mentioned 108,541 151,501 108,704 106,885 86,412 Grade 7 - Substandard 262,947 285,537 162,917 168,561 151,846 Grade 8 - Doubtful 19 — — 239 8 Grade 9 - Loss — — — — 2 Total loans $ 14,480,925 $ 14,943,593 $ 14,503,157 $ 13,094,106 $ 12,818,476

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES Average Balances Table 6 Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands) 2020 2020 2020 2020 2019 2020 2019 Earning Assets Federal funds sold $ 20,000 $ 20,004 $ 24,265 $ 27,380 $ 23,104 $ 22,896 $ 31,104 Interest-bearing deposits in banks 879,481 467,188 398,284 419,260 304,427 541,776 358,924 Time deposits in other banks 249 249 249 249 401 249 3,705 Investment securities - taxable 1,024,335 1,160,585 1,281,980 1,359,651 1,426,062 1,206,014 1,341,330 Investment securities - nontaxable 20,112 21,619 21,576 22,839 23,580 21,533 21,695 Other investments 31,552 64,656 79,143 73,972 64,852 62,253 37,415 Loans held for sale 1,281,762 1,507,481 1,614,080 1,587,131 1,537,648 1,497,051 667,078 Loans 14,752,664 14,688,317 13,915,406 12,712,997 12,697,912 14,018,582 10,666,978 Total Earning Assets $ 18,010,155 $ 17,930,099 $ 17,334,983 $ 16,203,479 $ 16,077,986 $ 17,370,354 $ 13,128,229

Deposits Noninterest-bearing deposits $ 5,970,672 $ 5,782,163 $ 5,061,578 $ 4,080,920 $ 4,124,872 $ 5,227,399 $ 3,364,785 NOW accounts 2,968,596 2,718,315 2,441,305 2,287,947 2,204,666 2,605,349 1,831,024 MMDA 4,534,243 4,273,899 4,221,906 4,004,644 3,953,717 4,259,467 3,280,233 Savings accounts 793,414 749,314 692,382 643,422 649,118 719,916 529,866 Retail CDs 2,109,600 2,274,150 2,471,134 2,624,209 2,721,829 2,368,802 2,348,689 Brokered CDs 1,140 1,933 2,043 61,190 249,644 16,494 347,844 Total Deposits 16,377,665 15,799,774 14,890,348 13,702,332 13,903,846 15,197,427 11,702,441 Non-Deposit Funding Federal funds purchased and securities sold under agreements to repurchase 9,929 10,483 12,452 15,637 17,088 12,115 14,043 FHLB advances 127,797 799,034 1,212,537 1,267,303 1,080,516 849,546 483,735 Other borrowings 376,295 272,443 269,300 269,454 234,001 297,023 186,798 Subordinated deferrable interest debentures 124,091 123,604 123,120 127,731 127,292 124,632 110,129 Total Non-Deposit Funding 638,112 1,205,564 1,617,409 1,680,125 1,458,897 1,283,316 794,705 Total Funding $ 17,015,777 $ 17,005,338 $ 16,507,757 $ 15,382,457 $ 15,362,743 $ 16,480,743 $ 12,497,146

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Interest Income and Interest Expense (TE) Table 7 Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands) 2020 2020 2020 2020 2019 2020 2019 Interest Income Federal funds sold $ 13 $ 13 $ 45 $ 76 $ 69 $ 147 $ 676 Interest-bearing deposits in banks 251 152 122 1,210 1,089 1,735 8,068 Time deposits in other banks 1 1 1 1 2 4 71 Investment securities - taxable 6,398 7,260 9,346 10,082 10,358 33,086 40,138 Investment securities - nontaxable (TE) 190 202 198 199 212 789 751 Loans held for sale 9,705 10,365 14,053 13,637 14,330 47,760 25,003 Loans (TE) 163,532 163,352 162,617 158,636 169,119 648,137 566,037 Total Earning Assets $ 180,090 $ 181,345 $ 186,382 $ 183,841 $ 195,179 $ 731,658 $ 640,744

Accretion income (included above) $ 4,688 $ 6,525 $ 9,576 $ 6,562 $ 9,727 $ 27,351 $ 19,935

Interest Expense Interest-Bearing Deposits NOW accounts $ 1,091 $ 1,394 $ 1,265 $ 2,774 $ 2,728 $ 6,524 $ 9,940 MMDA 2,326 2,823 3,764 9,748 11,311 18,661 42,439 Savings accounts 143 112 94 210 233 559 669 Retail CDs 5,301 7,484 9,136 11,064 12,220 32,985 41,040 Brokered CDs 9 9 14 306 1,478 338 8,445 Total Interest-Bearing Deposits 8,870 11,822 14,273 24,102 27,970 59,067 102,533 Non-Deposit Funding Federal funds purchased and securities sold under agreements to repurchase 8 9 25 40 41 82 86 FHLB advances 245 661 1,686 5,109 5,241 7,701 10,044 Other borrowings 4,635 3,558 3,487 3,511 3,358 15,191 11,127 Subordinated deferrable interest debentures 1,569 1,346 1,733 2,061 2,115 6,709 7,438 Total Non-Deposit Funding 6,457 5,574 6,931 10,721 10,755 29,683 28,695 Total Interest-Bearing Funding $ 15,327 $ 17,396 $ 21,204 $ 34,823 $ 38,725 $ 88,750 $ 131,228

Net Interest Income (TE) $ 164,763 $ 163,949 $ 165,178 $ 149,018 $ 156,454 $ 642,908 $ 509,516

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Yields(1) Table 8 Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec 2020 2020 2020 2020 2019 2020 2019 Earning Assets Federal funds sold 0.26 % 0.26 % 0.75 % 1.12 % 1.18 % 0.64 % 2.17 % Interest-bearing deposits in banks 0.11 % 0.13 % 0.12 % 1.16 % 1.42 % 0.32 % 2.25 % Time deposits in other banks 1.60 % 1.60 % 1.62 % 1.62 % 1.98 % 1.61 % 1.92 % Investment securities - taxable 2.48 % 2.49 % 2.93 % 2.98 % 2.88 % 2.74 % 2.99 % Investment securities - nontaxable (TE) 3.76 % 3.72 % 3.69 % 3.50 % 3.57 % 3.66 % 3.46 % Loans held for sale 3.01 % 2.74 % 3.50 % 3.46 % 3.70 % 3.19 % 3.75 % Loans (TE) 4.41 % 4.42 % 4.70 % 5.02 % 5.28 % 4.62 % 5.31 % Total Earning Assets 3.98 % 4.02 % 4.32 % 4.56 % 4.82 % 4.21 % 4.88 %

Interest-Bearing Deposits NOW accounts 0.15 % 0.20 % 0.21 % 0.49 % 0.49 % 0.25 % 0.54 % MMDA 0.20 % 0.26 % 0.36 % 0.98 % 1.14 % 0.44 % 1.29 % Savings accounts 0.07 % 0.06 % 0.05 % 0.13 % 0.14 % 0.08 % 0.13 % Retail CDs 1.00 % 1.31 % 1.49 % 1.70 % 1.78 % 1.39 % 1.75 % Brokered CDs 3.14 % 1.85 % 2.76 % 2.01 % 2.35 % 2.05 % 2.43 % Total Interest-Bearing Deposits 0.34 % 0.47 % 0.58 % 1.01 % 1.13 % 0.59 % 1.23 % Non-Deposit Funding Federal funds purchased and securities sold under agreements to repurchase 0.32 % 0.34 % 0.81 % 1.03 % 0.95 % 0.68 % 0.61 % FHLB advances 0.76 % 0.33 % 0.56 % 1.62 % 1.92 % 0.91 % 2.08 % Other borrowings 4.90 % 5.20 % 5.21 % 5.24 % 5.69 % 5.11 % 5.96 % Subordinated deferrable interest debentures 5.03 % 4.33 % 5.66 % 6.49 % 6.59 % 5.38 % 6.75 % Total Non-Deposit Funding 4.03 % 1.84 % 1.72 % 2.57 % 2.92 % 2.31 % 3.61 % Total Interest-Bearing Liabilities 0.55 % 0.62 % 0.75 % 1.24 % 1.37 % 0.79 % 1.44 %

Net Interest Spread 3.43 % 3.40 % 3.57 % 3.32 % 3.45 % 3.42 % 3.44 %

Net Interest Margin(2) 3.64 % 3.64 % 3.83 % 3.70 % 3.86 % 3.70 % 3.88 %

Total Cost of Funds(3) 0.36 % 0.41 % 0.52 % 0.91 % 1.00 % 0.54 % 1.05 % (1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%. (2) Rate calculated based on average earning assets. (3) Rate calculated based on total average funding including noninterest-bearing deposits.

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Non-GAAP Reconciliations

Adjusted Net Income Table 9A Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands except per share data) 2020 2020 2020 2020 2019 2020 2019 Net income available to common shareholders $ 94,285 $ 116,145 $ 32,236 $ 19,322 $ 61,248 $ 261,988 $ 161,441

Adjustment items: Merger and conversion charges — (44) 895 540 2,415 1,391 73,105 Restructuring charges — 50 1,463 — — 1,513 245 Servicing right impairment 9,501 412 7,989 22,165 366 40,067 507 (Gain) loss on BOLI proceeds — (103) (845) — 752 (948) (3,583) Expenses related to SEC/DOJ Investigation 53 268 1,294 1,443 463 3,058 463 Natural disaster and pandemic charges (Note 1) 235 470 2,043 548 — 3,296 (39) (Gain) loss on sale of premises (30) (97) 281 470 1,413 624 6,021 Tax effect of adjustment items (Note 2) (2,049) (222) (2,933) (5,283) (898) (10,488) (16,065) After tax adjustment items 7,710 734 10,187 19,883 4,511 38,513 60,654

Tax expense attributable to acquisition related compensation and acquired BOLI — — — — 849 — 849

Adjusted net income $ 101,995 $ 116,879 $ 42,423 $ 39,205 $ 66,608 $ 300,501 $ 222,944

Weighted average number of shares - diluted 69,493,105 69,346,141 69,292,972 69,502,022 69,683,999 69,426,185 58,614,151 Net income per diluted share $ 1.36 $ 1.67 $ 0.47 $ 0.28 $ 0.88 $ 3.77 $ 2.75 Adjusted net income per diluted share $ 1.47 $ 1.69 $ 0.61 $ 0.56 $ 0.96 $ 4.33 $ 3.80

Average assets $ 19,876,338 $ 19,810,084 $ 19,222,181 $ 18,056,445 $ 17,998,494 $ 19,240,493 $ 14,621,185 Return on average assets 1.89 % 2.33 % 0.67 % 0.43 % 1.35 % 1.36 % 1.10 % Adjusted return on average assets 2.04 % 2.35 % 0.89 % 0.87 % 1.47 % 1.56 % 1.52 %

Average common equity $ 2,622,942 $ 2,529,471 $ 2,478,373 $ 2,456,617 $ 2,437,272 $ 2,531,419 $ 1,970,780 Average tangible common equity $ 1,620,742 $ 1,523,066 $ 1,462,871 $ 1,436,108 $ 1,432,081 $ 1,520,303 $ 1,189,493 Return on average common equity 14.30 % 18.27 % 5.23 % 3.16 % 9.97 % 10.35 % 8.19 % Adjusted return on average tangible common equity 25.04 % 30.53 % 11.66 % 10.98 % 18.45 % 19.77 % 18.74 %

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Non-GAAP Reconciliations (continued)

Adjusted Efficiency Ratio (TE) Table 9B Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands) 2020 2020 2020 2020 2019 2020 2019 Adjusted Noninterest Expense Total noninterest expense $ 151,116 $ 153,692 $ 155,768 $ 138,053 $ 122,564 $ 598,629 $ 471,937 Adjustment items: Merger and conversion charges — 44 (895) (540) (2,415) (1,391) (73,105) Restructuring charges — (50) (1,463) — — (1,513) (245) Expenses related to SEC/DOJ Investigation (53) (268) (1,294) (1,443) (463) (3,058) (463) Natural disaster and pandemic charges (235) (470) (2,043) (548) — (3,296) 39 Gain (loss) on sale of premises 30 97 (281) (470) (1,413) (624) (6,021) Adjusted noninterest expense $ 150,858 $ 153,045 $ 149,792 $ 135,052 $ 118,273 $ 588,747 $ 392,142

Total Revenue Net interest income $ 163,456 162,538 $ 163,814 $ 147,945 $ 155,351 $ 637,753 $ 505,166 Noninterest income 112,143 159,018 120,960 54,379 55,113 446,500 198,113 Total revenue $ 275,599 $ 321,556 $ 284,774 $ 202,324 $ 210,464 $ 1,084,253 $ 703,279

Adjusted Total Revenue Net interest income (TE) $ 164,763 $ 163,949 $ 165,178 $ 149,018 $ 156,454 $ 642,908 $ 509,516 Noninterest income 112,143 $ 159,018 120,960 54,379 55,113 446,500 198,113 Total revenue (TE) 276,906 $ 322,967 286,138 203,397 211,567 1,089,408 707,629 Adjustment items: (Gain) loss on securities — — (14) 9 (1) (5) (138) (Gain) loss on BOLI proceeds — (103) (845) — 752 (948) (3,583) Servicing right impairment 9,501 412 7,989 22,165 366 40,067 507 Adjusted total revenue (TE) $ 286,407 $ 323,276 $ 293,268 $ 225,571 $ 212,684 $ 1,128,522 $ 704,415 Efficiency ratio 54.83 % 47.80 % 54.70 % 68.23 % 58.24 % 55.21 % 67.11 % Adjusted efficiency ratio (TE) 52.67 % 47.34 % 51.08 % 59.87 % 55.61 % 52.17 % 55.67 %

Tangible Book Value Per Share Table 9C Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands except per share data) 2020 2020 2020 2020 2019 2020 2019 Total shareholders' equity $ 2,647,088 $ 2,564,683 $ 2,460,130 $ 2,437,150 $ 2,469,582 $ 2,647,088 $ 2,469,582 Less: Goodwill 928,005 $ 928,005 928,005 931,947 931,637 928,005 931,637 Other intangibles, net 71,974 $ 76,164 80,354 85,955 91,586 71,974 91,586 Total tangible shareholders' equity $ 1,647,109 $ 1,560,514 $ 1,451,771 $ 1,419,248 $ 1,446,359 $ 1,647,109 $ 1,446,359

Period end number of shares 69,541,481 69,490,546 69,461,968 69,441,274 69,503,833 69,541,481 69,503,833 Book value per share (period end) $ 38.07 $ 36.91 $ 35.42 $ 35.10 $ 35.53 $ 38.07 $ 35.53 Tangible book value per share (period end) $ 23.69 $ 22.46 $ 20.90 $ 20.44 $ 20.81 $ 23.69 $ 20.81

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Segment Reporting Table 10 Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands) 2020 2020 2020 2020 2019 2020 2019 Banking Division Net interest income $ 112,964 $ 119,562 $ 120,330 $ 118,375 $ 124,957 $ 471,231 $ 419,013 Provision for credit losses 1,847 487 86,805 35,997 4,741 125,136 12,654 Noninterest income 15,659 15,265 14,468 17,773 18,632 63,165 69,005 Noninterest expense Salaries and employee benefits 38,668 39,718 40,423 41,621 38,180 160,430 130,134 Occupancy and equipment expenses 10,958 11,955 11,679 10,347 10,216 44,939 35,281 Data processing and telecommunications expenses 9,608 9,716 8,919 10,797 10,156 39,040 34,934 Other noninterest expenses 25,806 21,517 27,997 30,645 23,176 105,965 149,919 Total noninterest expense 85,040 82,906 89,018 93,410 81,728 350,374 350,268 Income (loss) before income tax expense 41,736 51,434 (41,025) 6,741 57,120 58,886 125,096 Income tax expense (benefit) 13,992 13,453 (8,582) 275 15,412 19,138 31,609 Net income (loss) $ 27,744 $ 37,981 $ (32,443) $ 6,466 $ 41,708 $ 39,748 $ 93,487

Retail Mortgage Division Net interest income $ 19,908 $ 20,393 $ 24,302 $ 17,756 $ 18,223 $ 82,359 $ 44,552 Provision for credit losses (1,621) 15,051 423 1,997 1,237 15,850 3,472 Noninterest income 94,109 137,583 104,195 34,369 33,335 370,256 118,188 Noninterest expense Salaries and employee benefits 50,165 53,500 50,003 31,097 28,233 184,765 82,470 Occupancy and equipment expenses 1,577 1,676 1,953 1,504 1,544 6,710 4,666 Data processing and telecommunications expenses 1,534 2,349 1,406 986 1,034 6,275 2,418 Other noninterest expenses 7,442 7,889 6,949 5,875 4,553 28,155 12,536 Total noninterest expense 60,718 65,414 60,311 39,462 35,364 225,905 102,090 Income before income tax expense 54,920 77,511 67,763 10,666 14,957 210,860 57,178 Income tax expense 11,535 16,112 14,231 2,408 3,371 44,286 12,202 Net income $ 43,385 $ 61,399 $ 53,532 $ 8,258 $ 11,586 $ 166,574 $ 44,976

Warehouse Lending Division Net interest income $ 9,017 $ 6,546 $ 5,026 $ 3,302 $ 3,771 $ 23,891 $ 12,617 Provision for credit losses 1,673 495 403 (9) 67 2,562 67 Noninterest income 1,113 1,064 727 960 610 3,864 1,999 Noninterest expense Salaries and employee benefits 296 266 209 210 325 981 934 Occupancy and equipment expenses 1 1 1 1 1 4 5 Data processing and telecommunications expenses 101 73 55 41 47 270 156 Other noninterest expenses 26 28 88 34 53 176 223 Total noninterest expense 424 368 353 286 426 1,431 1,318 Income before income tax expense 8,033 6,747 4,997 3,985 3,888 23,762 13,231 Income tax expense 1,687 1,431 1,049 837 816 5,004 2,778 Net income $ 6,346 $ 5,316 $ 3,948 $ 3,148 $ 3,072 $ 18,758 $ 10,453

AMERIS BANCORP AND SUBSIDIARIES FINANCIAL TABLES

Segment Reporting (continued) Table 10 Three Months Ended Year Ended Dec Sep Jun Mar Dec Dec Dec (dollars in thousands) 2020 2020 2020 2020 2019 2020 2019 SBA Division Net interest income $ 14,909 $ 8,966 $ 7,034 $ 2,181 $ 2,190 $ 33,090 $ 7,031 Provision for credit losses (2,997) 4,297 2,322 (903) 150 2,719 544 Noninterest income 1,247 5,106 1,570 1,277 2,536 9,200 8,915 Noninterest expense Salaries and employee benefits 1,233 1,572 2,612 1,476 1,336 6,893 4,783 Occupancy and equipment expenses 100 97 97 97 79 391 269 Data processing and telecommunications expenses 1 4 15 13 5 33 32 Other noninterest expenses 363 595 359 515 402 1,832 1,651 Total noninterest expense 1,697 2,268 3,083 2,101 1,822 9,149 6,735 Income before income tax expense 17,456 7,507 3,199 2,260 2,754 30,422 8,667 Income tax expense 3,666 1,577 671 475 578 6,389 1,820 Net income $ 13,790 $ 5,930 $ 2,528 $ 1,785 $ 2,176 $ 24,033 $ 6,847

Premium Finance Division Net interest income $ 6,658 $ 7,071 $ 7,122 $ 6,331 $ 6,210 $ 27,182 $ 21,953 Provision for credit losses (412) (2,648) (1,792) 3,965 (502) (887) 3,021 Noninterest income 15 — — — — 15 6 Noninterest expense Salaries and employee benefits 2,104 1,642 1,921 1,542 1,568 7,209 5,617 Occupancy and equipment expenses 73 76 77 79 79 305 375 Data processing and telecommunications expenses 79 84 119 117 120 399 973 Other noninterest expenses 981 934 886 1,056 1,457 3,857 4,561 Total noninterest expense 3,237 2,736 3,003 2,794 3,224 11,770 11,526 Income (loss) before income tax expense 3,848 6,983 5,911 (428) 3,488 16,314 7,412 Income tax expense (benefit) 828 1,464 1,240 (93) 782 3,439 1,734 Net income (loss) $ 3,020 $ 5,519 $ 4,671 $ (335) $ 2,706 $ 12,875 $ 5,678

Total Consolidated Net interest income $ 163,456 $ 162,538 $ 163,814 $ 147,945 $ 155,351 $ 637,753 $ 505,166 Provision for credit losses (1,510) 17,682 88,161 41,047 5,693 145,380 19,758 Noninterest income 112,143 159,018 120,960 54,379 55,113 446,500 198,113 Noninterest expense Salaries and employee benefits 92,466 96,698 95,168 75,946 69,642 360,278 223,938 Occupancy and equipment expenses 12,709 13,805 13,807 12,028 11,919 52,349 40,596 Data processing and telecommunications expenses 11,323 12,226 10,514 11,954 11,362 46,017 38,513 Other noninterest expenses 34,618 30,963 36,279 38,125 29,641 139,985 168,890 Total noninterest expense 151,116 153,692 155,768 138,053 122,564 598,629 471,937 Income before income tax expense 125,993 150,182 40,845 23,224 82,207 340,244 211,584 Income tax expense 31,708 34,037 8,609 3,902 20,959 78,256 50,143 Net income $ 94,285 $ 116,145 $ 32,236 $ 19,322 $ 61,248 $ 261,988 $ 161,441

CONTACT: Nicole S. Stokes, Chief Financial Officer, (404) 240-1514 4th Quarter 2020 Results Investor Presentation Exhibit 99.2 Cautionary Statements 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, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy, including any changes that result from recent U.S. elections; the impact of the COVID-19 pandemic on the general economy, our customers and the allowance for loan losses; the benefits that may be realized by our customers from government assistance programs and regulatory actions related to the COVID-19 pandemic; the potential impact of the proposed phase-out of the London Interbank Offered Rate (“LIBOR”) or other changes involving LIBOR; competitive pressures on product pricing and services; the cost savings and any revenue synergies expected to result from acquisition transactions, which may not be fully realized within the expected timeframes if at all; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. 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, 2019, as amended, and its subsequently filed periodic reports and other filings. 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. Risk Management Operating Strength Diversification Entered pandemic in position of strength and forward momentum: Well capitalized Strong liquidity and continued funding opportunities Premier Southeastern markets Historically top quartile return on assets (≥1.50% ROA for last three years) Disciplined rate cuts on funding side while growing core deposits Focus on expense control and improved operating efficiency Culture of discipline Geographic Diversification Balance Sheet Diversification: CRE concentrations are moderate Diversified loan portfolio across geography and product lines 4th Quarter 2020 Financial Results Earnings Summary – Adjusted Basis (dollars in thousands, except per share data) Quarter to Date Results Year To Date Results 4Q20 4Q19 Change 2020 2019 Change Adjusted Net Income $ 101,995 $ 66,608 53% $ 300,501 $ 222,944 35% Adjusted Net Income Per Share $ 1.47 $ 0.96 53% $ 4.33 $ 3.80 14% Adjusted Return on Assets 2.04% 1.47% 39% 1.56% 1.52% 2% Adjusted Return on TCE 25.04% 18.45% 36% 19.77% 18.74% 5% Net Interest Margin 3.64% 3.86% -6% 3.70% 3.88% -5% Adjusted Efficiency Ratio 52.67% 55.61% -5% 52.17% 55.67% -6% Adjusted Net Overhead Ratio 0.77% 1.39% -44% 0.74% 1.33% -44% 4Q 2020 Operating Highlights Net income of $94.3 million, or $1.36 per diluted share Adjusted net income of $102.0 million, or $1.47 per diluted share Adjusted efficiency ratio of 52.67%, compared with 47.34% in 3Q20 Adjusted ROA of 2.04%, compared with 2.35% in 3Q20 Adjusted ROTCE of 25.04%, compared with 30.53% in 3Q20 Net interest margin of 3.64%, flat compared with 3Q20 TBV increased $1.23 per share to $23.69 per share, compared with $22.46 at the end of 3Q20 Non-performing assets decreased 34 basis points to 0.48% of total assets, compared with 0.82% at September 30, 2020 2020 YTD Operating Highlights Net income of $262.0 million, or $3.77 per diluted shares, after pre-tax provision for credit losses of $145.4 million Adjusted net income of $300.5 million, or $4.33 per diluted share Growth in adjusted total revenue of $424.1 million, or 60.2% when compared with 2019 Adjusted efficiency ratio of 52.17%, compared with 55.67% for 2019 Adjusted ROA of 1.56%, compared with 1.52% for 2019 Adjusted ROTCE of 19.77%, compared with 18.74% for 2019 Net interest margin of 3.70%, compared with 3.88% for 2019 Total loan growth of $1.7 billion including PPP loans; Organic loan growth of 6.5% annualized, excluding PPP loans Improvement in deposit mix such that noninterest bearing deposits represent 36.27% of total deposits, up from 29.94% at 4Q19 Operating Highlights (dollars in thousands) For the quarter For the year to date period 4Q20 4Q19 2020 2019 Asset Growth (1) 564,787 478,302 2,196,059 6,799,064 Asset Growth Rate 11.37% 10.77% 12.04% 59.41% Organic Loan Growth (462,668) (95,095) 1,662,449 751,811 Organic Loan Growth Rate -12.38% -3.03% 12.97% 9.16% Organic Loan Growth Ex. PPP (225,091) (95,095) 834,848 751,811 Organic Loan Growth Rate Ex. PPP -6.70% -3.03% 6.51% 9.16% Total Revenue 275,599 210,464 1,084,253 703,279 Total Revenue Growth -57.17% -27.10% 54.17% 52.29% Adjusted Operating Expenses (2) 150,858 118,273 588,747 392,142 Adjusted OPEX Growth -5.72% -26.46% 50.14% 49.77% Adjusted Efficiency (3) 52.67% 55.61% 52.17% 55.67% Asset growth is materially impacted in 2019 by the acquisition of Fidelity Bank Adjusted Operating Expenses exclude merger and conversion charges, restructuring charges related to branch consolidation plan and efficiency initiatives, natural disaster and pandemic charges, expenses related to SEC and DOJ investigation and (gain) loss on sale of premises. Adjusted Efficiency ratio is Adjusted Operating Expenses divided by Net Interest Income (TE) plus Non-Interest Income, excluding gain/loss on securities, gain on BOLI proceeds and servicing right impairment/recovery Growth rates are annualized for the applicable periods Total Revenue Spread Revenues Quarterly growth in average earning assets of $80.1 million, or 0.4%, from 3Q20 to 4Q20 Net Interest Margin of 3.64% in 4Q20, flat compared with 3Q20, and down from 3.86% in 4Q19 Continued focus on cost of funds led to stable margin quarter over quarter Downward repricing on deposits lowered cost of interest-bearing deposits 13 bps during the quarter Noninterest Income Mortgage banking Revenue increased $59.9 million, or 180.5%, in 4Q20 compared with 4Q19 Production increased $1.24 billion, or 79.4%, over the same period. SBA revenues – noninterest income decreased 50.8%, compared with 4Q19 due to decreased volume of loans sold. Net Interest Margin Loan Production Details Period Fixed Rate Variable Rate Total 4Q20 $ 588.4 3.77% $ 196.5 4.14% $ 784.9 3.86% 3Q20 $ 474.9 3.78% $ 394.1 4.27% $ 869.0 4.00% 2Q20 $ 275.4 3.88% $ 196.7 4.55% $ 472.1 4.16% Spread Income and Margin: Average earning assets were up $80.1 million, while spread income increased $814,000 Margin flat from 3Q20 and down 22bps from 4Q19 Decrease in accretion income due to decline in payoff accretion compared with both 3Q20 and 4Q19 PPP income of $13.8 million, including $6.3 million related to acceleration of fee income on PPP forgiveness Deposit costs decreased by 8bps Growth in noninterest bearing deposits during the fourth quarter such that noninterest bearing deposits are over 36% of total deposits at quarter end Accretion income as a part of our revenues: 2.5% of revenue in 2020 2.8% of revenue in 2019 2.6% of revenue in 2018 2.9% of revenue in 2017 Expenses Steady, Adjusted Operating Expenses(1) OPEX Highlights: Total adjusted operating expenses decreased $2.2 million in 4Q20 compared with 3Q20 Increase of $2.5 million in Q4 20 Banking division operating expenses primarily due to: $1.0 million contribution to Ameris Bank Foundation $765,000 related to termination of remaining loss share agreements with the FDIC $532,000 in OREO write-downs Decrease in lines of business operating expenses is due to decreased variable costs (primarily incentives) driven by decreased production and revenue levels $4.7 million decrease in retail mortgage $571,000 decrease in SBA Continue to drive expense control behaviors throughout the Company to fund future technology and innovation costs 1 – Adjusted Operating Expenses exclude merger and conversion charges, restructuring charges related to branch consolidation plan and efficiency initiatives, natural disaster and pandemic charges, expenses related to SEC and DOJ investigation and (gain) loss on sale of premises. Capital and TBV Consistent Growth in TBV Steady Capital Levels Support Growth Rate Historically, consistent growth in TBV TBV increased $1.23 per share in 4Q20: $1.20 from retained earnings $0.03 from all other items including treasury stock transactions TBV negatively impacted $0.82 by adoption of CECL in 1Q20 TCE / TA at quarter end of 8.47%, up from 8.27% at the end of 3Q20 primarily due to retained earnings PPP loans impacted TCE/TA by 38bps at quarter end 4Q20 Adjusted ROTCE of 25.04% Loan Diversification and Credit Quality Diversified Loan Portfolio 4Q20 Loan Portfolio Loan portfolio is well-diversified across all loan types C&I loans represent the largest category of loans PPP loans totaled $848.2 million at YE20, which added ~5% to this category Only 11% of total loans are construction or A&D loans Average loan size is $73.2 thousand across all loan types CRE and C&D concentrations are 253% and 78%, respectively, at YE20 Linked-quarter EOP loan growth was ($462.7) million, primarily the result of a net reduction in PPP loans of $251.4 million and the designation of a consumer loan portfolio as HFS totaling $119.0 million Annualized loan growth for 2020 was 13.0%. Net of PPP loans, growth was 6.5% for 2020. Diversified Loan Portfolio In-house lending limit is $50.0 million versus our legal lending limit of $536.7 million Largest commitment of $100.0 million represents Mortgage Warehouse line of credit comprised of well diversified, individual mortgage loans Largest single commercial loan is $60.4 million committed exposure that is fully secured by cash in Ameris Bank Total participations purchased are less than 1% of outstanding balances Updated as of: 44196 BASED ON SUPER TRIAL RELATIONSHIPS Relationship Summary Relationship Groupings Total Committed Exposure (MM's) % of Total Legacy (FIS) Portfolio Top 25 Relationships $1,629.5 9.3% Total Super Trial Loans - TCE Top 50 Relationships $2,594 0.14733362489563395 $17,606.3 Top 100 Relationships $4,019.9 0.22832168030761718 Top 250 Relationships $6,315.9 0.35872954567399168 Top 300 Relationships $6,776.8 0.38490767509357449 Individual Groupings Total Committed Exposure (MM's) Largest Relationship $100 10th Largest $67.5 50th Largest $34 100th Largest $24.6 200th Largest $12.7 300th Largest $8.1999999999999993 # of Relationships Relationship Size (MM's) 1 $100 50 $34 100 $24.6 150 $16.3 200 $12.7 250 $10.199999999999999 300 $8.1999999999999993 COVID-19 Response 4Q20 COVID-related Payment Extensions As a % of Portfolio Volume Our COVID-19 disaster program included an initial payment extension for up to 90-days. Additional deferrals were available for customers that continued to be impacted by the pandemic since that time Through YE20, we had provided payment relief to > 11,000 customers totaling $2.4 billion across all loan products, which equated to 18% of Total Loans, excluding PPP loans Customers who reverted to pre-COVID payments totaled $2.1 billion, or 84% of total deferrals Customers that remain on deferral totaled $391.4 million, which equated to 2.9% of Total Loans SBA’s Paycheck Protection Program – at YE20, 7,620 customers & balances totaling $848.2 million Of the total PPP loans, 6,417 loans (84% of total) for $254.1 million were < $150,000, which is currently the SBA’s threshold for the streamlined PPP forgiveness process Updated as of: 44196 Break at $350M SBA Fee Category Count Dollars Approved (MM's) Avg Size (MM's) Loan Size Category Count Dollars Approved (MM's) Avg Size (MM's) NAICS Code Total (MM's) % of Total NAICS Description 0.01 35 $120.8 $3.4514285714285715 < $50M 4,463 $84 $1.8821420569123906E-2 722511 $43.8 5.2% Full-Service Restaurants 0.03 422 $305.3 $0.72345971563981049 $50M - $150M 1,954 $170.5 $8.7256908904810651E-2 621111 $34.1 4.3% Offices of Physicians (except Mental Health Specialists) 0.05 7,173 $422.1 $5.8845671267252202E-2 $150M - $500M 915 $235.1 $0.25693989071038253 541110 $32.799999999999997 3.9% Offices of Lawyers Totals 7,630 $848.2 $0.11116644823066842 $500M - $2MM 263 $237.8 $0.90418250950570345 238220 $29.7 3.5% Plumbing, Heating, and Air-Conditioning Contractors > $2MM 35 $120.8 $3.4514285714285715 721110 $25.4 3.3% Hotels (except Casino Hotels) and Motels Totals 7,630 $848.2 $0.11116644823066842 722513 $19.5 2.3% Limited-Service Restaurants 44104 813110 $17.100000000000001 2.2% Religious Organizations Dollars 236115 $16.7 1.9744620477654292 New Single-Family Housing Construction (except For-Sale Builders) Number of Approved 611110 $14.6 1.7% Elementary and Secondary Schools Loans (MM's) 622110 $14.3 1.7% General Medical and Surgical Hospitals 8140 $526.29999999999995 Total Top 10 $248 0.29321352565618353 607 $447.9 36 $123 Total PPP $845.8 8783 $1,097.1999999999998 Change Dollars Number of Approved Loans (MM's) -967 $-,104.19999999999993 -185 $-,142.59999999999997 -1 $-2.2000000000000028 -1153 $-,248.99999999999977 Allowance$17.200000000000045 for Loan Losses $9.213020189534428E-2 The ALLL totaled $199.4 Other million $0 $0 at $0 YE20, $0 $0 a $0 net $0 decrease Inc / (Dec) of $32.5 $0 0 million,$-56.3 0 or $-56.3 14% from$0 $231.9 3Q20 $0.56422328274808264 The reserve for unfunded $-25.799999999999997 commitments totaled $32.9 $13.899999999999999 million, an increase of$30.900000000000002 $5.5 million, or 20% from$-52.064223282748088 3Q20 During 4Q20, $199.4 $1.5 million $-32.5 of$13,846.300000000001 prior provision expense 1.6748156547236444E-2 was reversed, primarily the $13,624.400000000001 result of an improving 1.4635506884706849E-2forecast model Certain Q-Factor $-,221.89999999999975 overlays accounted $0.56422328274808264 for an increase in the ALLL Unfunded of $30.9 Commitments million The $27.4 YE20 $0 ALLL $0 $0 equated $0 $5.5 to $32.9 1.38% $5.5 of GrossPPP $1,097.2 Loans and $845.9 1.46%, Other net ofLoans PPP $0 Loans $0 $14,943.500000000002 4Q20 CECL Reserve Updated $14,470.300000000001 as of: 44196 ALLL 1.3779949275412396E-2 Summary Reserve Change ALLL due atto 9/30/2020Loan Growth Loan ALLL Growth at 9/30/2020 Net Charge-Offs Loan Growth Specific Net Reserves Charge-Offs Q-Factor Specific Changes Reserves Model Q-Factor Changes Changes ALLL atModel 12/31/2020 Changes $231.9 ALLL $0.56422328274808264 at 12/31/2020 9/30/2020 $-25.799999999999997 Portfolio x PPP % LLR $13.899999999999999 12/31/2020 Portfolio x $30.900000000000002 PPP % LLR Change Reserve $-52.064223282748088 impact 4Q20 Allowance $199.4 Coverage Outstanding Balance (MM's) ALLL (MM's) % ALLL 4Q20 Allowance Coverage Outstanding Balance (MM's) ALLL (MM's) % ALLL Agriculture $2.2000000000000002 $-0.37145405887600347 $0 $0.4 $0.7 $-0.52854594112399655 $2.4 $258.89999999999998 8.4974893781382781E-3 $224.2 1.0704727921498663E-2 $-34.699999999999989 $-0.37145405887600347 Total Loans $14,480.9 $199.4 1.3769862370432777E-2 Gross Loans $14,470.3 $199.4 1.3779949275412397E-2 CFIA $15.1 $-0.33302081143577794 $-5.1999999999999993 $0 $1.6 $0.53302081143577551 $11.7 $2,446.1999999999998 6.17283950617284E-3 $2,378.5 4.9190666386377969E-3 $-67.699999999999818 $-0.33302081143577794 less: PPP Loans $-,848.2 Unfunded Commitments $3,090.3 $32.9 1.064621557777562E-2 Real Estate - Investor CRE $124.5 $2.4562571888658762 $-16.599999999999998 $13.799999999999999 $26.7 $-31.556257188865882 $119.3 $5,109 2.4368761009982386E-2 $5,216.3999999999996 2.2870178667280118E-2 $107.39999999999964 $2.4562571888658762 Net Loans $13,632.699999999999 $199.4 1.4626596345551506E-2 Reserves / Total Loans + Unfunded $17,560.599999999999 $232.3 1.3228477386877444E-2 Real Estate - Owner Occupied $17.7 $0.59443347808922264 $-0.1 $0.6 $0 $-6.1944334780892216 $12.6 $1,448.1 1.2222912782266419E-2 $1,519.8 8.2905645479668371E-3 $71.700000000000045 $0.59443347808922264 Unfunded Commitments $3,085.7 $32.9 1.0662086398548142E-2 Real Estate - Residential $47.1 $-0.14741464125641807 $0.1 $0.6 $0.8 $-4.952585358743586 $43.5 $2,753.6 1.7104880883207437E-2 $2,744.3 1.5851036694238967E-2 $-9.2999999999997272 $-0.14741464125641807 Reserves / Total Loans + Unfunded $17,566.599999999999 $232.3 1.3223959104209126E-2 Consumer $19.399999999999999 $-1.726708074534161 $-2.4 $0 $1.1000000000000001 $-10.373291925465837 $6 $1,119.5999999999999 1.7327617006073597E-2 $869.4 6.901311249137336E-3 $-,250.19999999999993 $-1.726708074534161 US Premium Finance $5.9 $9.213020189534428E-2 $-1.6 $-1.5 $0 $1.0078697981046556 $3.9 $710.9 8.299338866225912E-3 $728.1 5.356407086938607E-3 NPA / Charge-Off Trend Non-Performing Assets (“NPA”) decreased to $97.2 million at YE20, primarily as a result of: $23.8 million decrease in hotel nonaccrual loans as a result of the note sale Decrease in portfolio mortgage nonaccrual loans of $31.7 million, as borrowers were placed in new CARES Act deferral programs Net OREO reduction of $6.4 million. As a percentage of Total Assets, Total NPAs decreased to 0.48%. Net Charge-Offs (“NCO”) totaled $25.8 million in 4Q20, which equated to an annualized NCO ratio of 0.70% NCOs as a result of the hotel note sale totaled $17.2 million YTD NCOs totaled $43.0 million, which equated to an annualized NCO ratio of 0.31%. Net of the hotel note sale, the YTD NCO ratio was 0.18%. Investor4.3773408239700363E-2 CRE Loans ~ 94% Assisted of CRE Living loans are$59.7 concentrated 3.493679775280898E-2 within our four-state Mini-Storage footprint, $71.2 primarily 4.1666666666666657E-2 in the Bank’s primary Misc MSAs CRE of $47.9Atlanta, 2.8031367041198494E-2 Jacksonville, Orlando, Tallahassee, $1,708.8000000000004 Columbia, Savannah 0.99999999999999978 and Charleston Loans outside the Bank’s footprint are generally acquired loans or SBA guaranteed Updated as of: 44196 Excludes Service Director CONST Loans Investor CRE Portfolio (CRE, MULTI, CONST) Investor CRE by MSA Loan Type Outstanding (MM's) % NPL % PD Avg Size Commitment (000's) MSA Outstanding (MM's) % of Total Construction Loans: Atlanta GA $1,534.9 0.30114383252565285 RRE - Spec & Models $200.1 3.5000000000000001E-3 2.5999999999999999E-3 $377.4 Jacksonville FL $708.9 0.13908454158410011 RRE - Presold $187.6 1.7000000000000001E-2 0 $273.7 Orlando FL $322.89999999999998 6.3% RRE - Subdivisions $34.5 2.8999999999999998E-3 0 $1,455.6 Charleston SC $250.8 4.9% RRE - Lots & Land $86.2 1.44E-2 4.4000000000000003E-3 $139.4 Greenville SC $149.4 2.9% Sub-Total RRE Construction $508.4 1.03E-2 1.8E-3 $291.8 Tampa FL $149.1 2.9% CML - Improved $877.3 0 0 $7,594.6 Columbia SC $145.1 2.8% CML - Raw Land & Other $90.4 6.1000000000000004E-3 5.0000000000000001E-4 $360 Tallahassee FL $140.30000000000001 2.8% Sub-Total CRE Construction $967.69999999999993 5.9999999999999995E-4 0 $3,615.6 Savannah GA $133 2.6% Total Construction Loans $1,476.1 3.8999999999999998E-3 5.9999999999999995E-4 $760.2 Gainesville FL $101.2 1.9855206105672072 All Other MSAs $698.6 0.13706370538955051 Term Loans: Non-MSAs w/in Footprint $441.8 8.7% Office $825.2 2.0000000000000001E-4 1.2999999999999999E-3 $1,657.2 Other Markets $320.89999999999998 6.3% General Retail $571.5 1.1000000000000001E-3 5.9999999999999995E-4 $1,059.5 Grand Total $5,096.9000000000005 0.99999999999999978 Hotels / Motels $429.3 1.5E-3 6.9999999999999999E-4 $2,894.2 Strip Center, Anchored $443.7 0 0 $5,770.2 Multi-Family $362.5 5.9999999999999995E-4 0 $2,195.6999999999998 Warehouse / Industrial $285.2 2.7000000000000001E-3 8.9999999999999998E-4 $1,153.5999999999999 Strip Center, Non-Anchored $323.7 0 0 $1,957.4 Assisted Living Facilities $126.8 4.0000000000000002E-4 0 $3,308 Mini-Storage Warehouse $166.4 0 0 $1,875 Misc CRE (Church, etc) $86.5 2.9999999999999997E-4 2.9999999999999997E-4 $830.1 Other $0 0 0 $0 Sub-Total CRE Term Loans $3,620.7999999999997 6.9999999999999999E-4 5.9999999999999995E-4 $1,740.9 Grand Total Investor CRE Loans $5,096.8999999999996 1.5E-3 5.9999999999999995E-4 $1,130 CML-Improved Construction Loan Breakdown Collateral Type TCE Office $257.60000000000002 0.15074906367041196 General Retail $153.30000000000001 8.9712078651685373E-2 Hotels $117.5 6.8761704119850164E-2 Strip Center, Anchored $155.1 9.0765449438202223E-2 Multi-Family $674.2 0.39454588014981268 Warehouse / Industrial $97.5 5.7057584269662905E-2 Strip Center, Non-Anchored $74.8 Hotel Exposure Hotel exposure totaled $515.6 million at YE20, or 3.8% of Total Loans (excluding PPP loans). Approximately 14% of total committed exposure guaranteed by US Government Agencies (SBA or USDA). Top-Tier brands represent > 82% of exposure. All National brands totaled > 95% of committed balances. Approximately 80% of exposure located within the Bank’s primary MSAs. At YE20, $93.0 million, or 18% of outstanding loans remained under some form of payment deferral In 4Q20, we sold $87.5 million of the hotel portfolio (25 loans) for 82% of book value: $55.6 million (57% of total) were classified loans $39.7 million (41% of total) were TDRs $23.8 million (25% of total) were nonaccrual loans Hotels by Product # $$ Committed Balance (MM's) $$ Outstanding (MM's) $$ Avg Committed Balance (M's) Term CRE 94 $378.4 $375.1 $4.0255319148936168 In-Process Construction 7 $96.3 $69.599999999999994 $13.757142857142856 Government Guaranteed (SBA, USDA) 62 $77 $70.900000000000006 $1.2419354838709677 Totals 163 $551.70000000000005 $515.6 $3.3846625766871168 TCE Hotel Portfolio by Brands # Net FMV TCE Avg FMV Avg TCE $$ GGL % GGL National Economy 55 $68.3 $69.3 $1.2418181818181817 $1.26 24.5 0.35353535353535354 Non-Flagged 38 $26.7 $27 $0.70263157894736838 $0.71052631578947367 4.7 0.17407407407407408 Top Tier 70 $420.6 $455.3 $6.0085714285714289 $6.5042857142857144 47.8 0.10498572369866022 Grand Total 163 $515.6 $551.6 $3.1631901840490797 $3.3840490797546012 $77 0.13959390862944163 Top Tier + Nat Eco $524.6 % 0.95105148658448146 MSA # Net FMV TCE Avg FMV Avg TCE Atlanta, GA 18 $98.2 $105.8 $5.4555555555555557 $5.8777777777777773 Jacksonville, FL 19 $88.2 $110.6 $4.6421052631578945 $5.8210526315789473 Orlando, FL 14 $65.2 $65.2 $4.6571428571428575 $4.6571428571428575 Columbia, SC 4 $44.7 $44.7 $11.175000000000001 $11.175000000000001 Tampa, FL 3 $25.3 $25.4 $8.4333333333333336 $8.4666666666666668 Savannah, GA 15 $22 $22.3 $1.4666666666666666 $1.4866666666666668 All Other MSAs 28 $98.3 $101.5 $3.5107142857142857 $3.625 No MSA 62 $73.7 $76.2 $1.1887096774193548 $1.2290322580645161 Grand Total 163 $515.6 $551.69999999999993 $3.1631901840490797 $3.3846625766871163 CommercialOffice $142.5 Real $199.4 Estate 1.85 Production 0.63400000000000001 4Q20 Commercial Non-Recourse Real Estate $235.1 Production $295.39999999999998 Summary: 4Q20 Construction 1.77 0.57799999999999996 and Development Mortgages Loan Production $0 Multi-Family Summary: $10.34Q20 $150.69999999999999production of C&D and 1.71 CRE 0.52700000000000002 loans - $1.05 billion committed Burn Off exposureGuaranty Residential $17.899999999999999 Real Estate Construction: $191.4 1.72 0.622Spec &Legacy model $0 to Strip pre-sold Center, ratio Anchored of 0.7:1 RRE $108.5 construction $149.4 1.68 portfolio 0.61199999999999999 global spec to pre-sold Full Guaranty ratio was $112.2 1.1:1 Total$142.6 spec 1.61 loans 0.64500000000000002 at low average loan sizeUSPF of $0$263.9 Retail thousand (inc Single-Tenant) Investor CRE $78.5 4Q20 $97.9 production: 1.51 0.70499999999999996 Production totaled $752.3 Limited million, Guaranty a 65% - By increase % $44.1 over $50.1 3Q20 1.39 production 0.73560000000000003 Weighted Average WHSE 1.69:1 $0 debtWarehouse service /coverage Industrial Weighted $13.1 $48.3 Average 1.82 61.4%0.59599999999999997 loan/value Updated Limited as of: Guaranty 44196 Production - By $$ $0 New $33.799999999999997 CRE Guaranty Structure 1.64 Loan0.59699999999999998 Type Outstanding (MM's)PPP $0 CommittedStrip Center, Exposure Non-Anchored (MM's) $28.1Debt Service$41.1 1.63 Coverage 0.67800000000000005 (DSC)* Loan / Value* Exempt Guaranty / Direct Structure Debt $10.9 Outstanding $23.3 1.89 (MM's) 0.65500000000000003 Committed Exposure INST (MM's) Purchases Debt $0 Service Misc CRECoverage (Church, (DSC)* etc.) Loan $15.7 / Value*$28.2 1.24 From 0.72699999999999998 Super Trial Office $142.5 Burn $199.4 Down 1.85Guaranty 0.63400000000000001 $9 $15.7 1.45 0.53680000000000005 Non-Recourse $235.1 Mini-Storage $295.39999999999998 Warehouses $17.8999999999999991.77 0.57799999999999996 $18.5 Mortgages 1.6 0.36199999999999999 $0 Multi-Family $10.3Total CRE$150.69999999999999 Loans $429.2 $752.3 1.71 0 0.527000000000000020.0% $0 Other CRE Types Burn $8.6 Off $12.2 Guaranty 1.71 $17.8999999999999990.54900000000000004 $191.4*Based 1.72 on the 0.622 average Legacy of all $0 loans Strip inCenter, that category Anchored > $250M$108.5 Committed$149.4 1.68 Exposure 0.61199999999999999 Hotels $6 $6.6 Full1 0.8 Guaranty Total CRE $112.2 Loans $142.6 $429.20000000000005 1.61 0.64500000000000002 $752.30000000000007 USPF $0 Retail 1.69 (inc 0.61399999999999999 Single-Tenant) $78.5 *Based$97.9 1.51 on the 0.70499999999999996 average of all loans in Limited that category Guaranty > $250M - By % Committed $44.1 $50.1 Exposure 1.39 0.73560000000000003 New C&D Loan Type WHSE Outstanding $0 Warehouse (MM's) Committed/ Industrial Exposure$13.1 $48.3 (MM's) 1.82 Avg0.59599999999999997 Size Commitment (000's) Limited RRE Guaranty Construction - By $$ - $0Pre-Sold $33.799999999999997 $59.1 $162.80000000000001 1.64 0.59699999999999998 $272.60000000000002 PPP $0 StripRRE Center,Construction Non-Anchored - Spec $37.5 $28.1 $120.1 $41.1 $263.89999999999998 1.63 0.67800000000000005 A&D, RREExempt Lots, / Direct Other Debt Land $10.9 Loans $23.3 $11.5 1.89 $13.7 0.65500000000000003 $319.60000000000002 INST RRE Purchases Construction $0 Misc - Model CRE $0.5 (Church, $0.8 etc.)$283 $15.7 Total $28.2Construction 1.24 0.72699999999999998 Loans $108.6 $297.39999999999998 Burn Down Guaranty $270.89999999999998 $9 $15.7 1.45 0.53680000000000005 Mini-Storage Warehouses $17.899999999999999 $18.5 1.6 0.36199999999999999 Total CRE Loans $429.2 $752.3 0 0.0% $0 Other CRE Types $8.6 $12.2 1.71 0.54900000000000004 *Based on the average of all loans in that category > $250M Committed Exposure Hotels $6 $6.6 1 0.8 Total CRE Loans $429.20000000000005 $752.30000000000007 1.69 0.61399999999999999 *Based on the average of all loans in that category > $250M Committed Exposure New C&D Loan Type Outstanding (MM's) Committed Exposure (MM's) Avg Size Commitment (000's) RRE Construction - Pre-Sold $59.1 $162.80000000000001 $272.60000000000002 RRE Construction - Spec $37.5 $120.1 $263.89999999999998 A&D, RRE Lots, Other Land Loans $11.5 $13.7 $319.60000000000002 RRE Construction - Model $0.5 $0.8 $283 Total Construction Loans $108.6 $297.39999999999998 $270.89999999999998 Updated as of: 44196 Production New CRE Guaranty Structure Loan Type Outstanding (MM's) Committed Exposure (MM's) Debt Service Coverage (DSC)* Loan / Value* Guaranty Structure Outstanding (MM's) Committed Exposure (MM's) Debt Service Coverage (DSC)* Loan / Value* From Super Trial C&IRate4.7820290358765741E-2 Loans5.2075589898630727E-3 US Premium Finance Difference 2.3933110199552592E-3 4Q20 $50.464999999999236 production statistics: 2.4754588309267478E-3 Mortgage Wtd Avg WarehouseAPR 7.6684401505416305E-2 Division 5.2951034528377332E-3 funded $4.6 7.0028410424008106E-2 billion Est. in 4Q20, Net Interest a 100% Margin increase7.5957784202258266E-2 % over3.1043110792115788E-2 4Q19 YTD, total7.67695221831632E-2 loans 2.9236544596623459E-2 funded were $14.6APP 1.6103505520476617E-2 billion 3.0686511754537137E-2 4Q20 Statistics: Total 1.5691227524286089E-2 approved 3.1027746536672444E-2 guidance lines 1.6860137502925317E-2 = $1.6 Average billion 1 AverageMo FHLB days 1.6158772678699564E-2 Rate on 5.0297619047619032E-3line = 14 days No losses WA Agent since 2.2000000000000001E-3 Buy2016 Rate Updated 6.0580895984939688E-2 as of: 44196 2.2435483870967723E-3 BASED 5.4337182899722017E-2ON SUPER 5.1220472440944862E-3 TRIAL CFIA 5.9097646699332949E-2 LOANS USPF Updated Production as of: 6.0610749504463636E-2 44196 CFIA BASEDLoans Current ON SUPER Year Ameris Loan TRIAL TypeWtd CFIA Avg Outstanding LOANSBuy Rate (MM's)USPF 3.6250669781978863E-2 Production % of Portfolio CFIA % Loans NPL 3.1629855616578717E-2 %Current PD Avg Year Loan Loan Size Type (000's) 3.3161970585463885E-2 Outstanding 4Q20 Rolling (MM's) 12-mos % of 3.6322849989510179E-2 PortfolioAvg of Workdays % NPL % from PD Trailing:AvgWtd LoanAvg 12 6 Size MoMonths (000's)FHLB MTD Rate4Q20 QTD 5.2075589898630727E-3 Rolling YTD 12-mosPPP Loans Avg $0of #DIV/0!Workdays 2.3933110199552592E-3 0 from0 $0 Trailing:New Production 12 2.4754588309267478E-3Months ($MM's) MTD $428.7QTD YTD $1,693.6 PPP5.2951034528377332E-3 LoansAverage $848.19999999999993 AR ,728,568,849.4023778 Est. Net Interest0.26173357607924219 ,725,872,439.10333312 Margin % 3.1043110792115788E-2 0 1E-4 ,736,827,497.7099998 $111 New Production 2.9236544596623459E-2 ,728,206,566.23157442($MM's) $428.7 $1,693.63.0686511754537137E-2 Mortgage Average WarehouseAR ,728,568,849.4023778 3.1027746536672444E-2 / MSR $0 #DIV/0! ,725,872,439.10333312 0 0 $0Average Weighted-Avg 1 Mo FHLB ,736,827,497.7099998 Down Rate Payment 5.0297619047619032E-3 0.23400000000000001 ,728,206,566.23157442 2.2000000000000001E-3 0.22800000000000001 Mortgage Warehouse 2.2435483870967723E-3 Total / AF MSR 1,693,635,920.1300004 $994.4 0.30684728608016792 5.1220472440944862E-3 ,165,918,415.44999999 0 0 $9,845.6 Weighted-Avg ,428,677,860.47999984 Down Payment 1,705,989,547.1600006 0.23400000000000001 US Premium0.22800000000000001 Finance $0 #DIV/0! Total AF0 0 1,693,635,920.1300004$0 Weighted-Avg # Instalments ,165,918,415.44999999 9.6999999999999993 ,428,677,860.47999984 9.6999999999999993 1,705,989,547.1600006 Total Units ,102,607 US8,164 Premium 25,061 Finance ,103,298 $690.8 Equipment 0.2131638226309131 $0 #DIV/0! 0 0 $0 9.5999999999999992E-3 Avg Loan Size 16,506.46567290734 1.61E-2 $10.1 20,323.176806712396 Weighted-Avg # Instalments 17,105.377298591429 9.6999999999999993 16,515.223403744512 9.6999999999999993 Ameris Total Equipment Units ,102,607 Finance 8,164 (AEF) 25,061 $0 #DIV/0! ,103,298 0 0 Equipment$0 Wtd Avg $148.1 DP % 4.6% 0.2283325323285624 1.15E-2 1.4E-3 $66.400000000000006 0.23258572043703804 Avg 0.23387327987377607 Loan Size 16,506.46567290734 0.22708259999309333 20,323.176806712396 Patriot Capital 17,105.377298591429 $0 #DIV/0! 0 0 $0 16,515.223403744512Wtd Avg Maturity (Months) Ameris 9.6559321470592838 Equipment Finance (AEF)9.6720283997111594 $79.099999999999994 9.6748876911484434 2.4% 1.77E-2 5.1000000000000004E-39.6550952158519756 A/R $218.6 & Inventory Wtd Avg $0 DP#DIV/0! % 0.2283325323285624 0 0 $0 Avg Daily # of0.23258572043703804 Quotes 808.03174603174602 0.23387327987377607 798.04761904761904 0.22708259999309333 795 807.66929133858264 Patriot Capital Government $68.599999999999994 Guaranteed Lending 2.1% $0 7.3000000000000001E-3 #DIV/0! 0 0 $0 Avg Daily 2.4799999999999999E-2 AF 6,720,777.4608333344 $64.599999999999994 7,900,876.9261904759 Wtd 6,914,159.399999972Avg Maturity (Months) 6,716,494.2801574823 9.6559321470592838 Other9.6720283997111594 $0 #DIV/0! 0 0 $09.6748876911484434 Avg Daily Units 407.17063492063494 9.6550952158519756 388.76190476190476 A/R & Inventory $84.7 404.20967741935482 2.6% 2.1299999999999999E-2 406.68503937007875 3.5000000000000001E-3 Totals $0 100.0% $152.30000000000001 0 0 $0 Avg Daily Deposits Avg 6,938,936.3142460342 Daily # of Quotes 808.03174603174602 8,067,458.8919047611 798.04761904761904 7,613,741.4424193548 795 807.66929133858264 6,975,587.7245669309 Government Avg Exposure Guaranteed % of AR Lending 4.1778381735255547E-2 $41.4 1.3% 0.1014 1.21E-2 5.1526485346526853E-2 $108.4 Avg Daily AF5.2581367304792556E-2 6,720,777.4608333344 4.168686183975933E-2 7,900,876.9261904759 6,914,159.399999972C&I Total from page 1 6,716,494.2801574823 $3,528.2130000000002 Other Avg $285.39999999999998Cxld $ Ratio 3.4239739623238542E-2 8 Ameris Bancorp Press Release & Financial Highlights December 31, 2020