ABCB · Ameris Bancorp Q2 FY2026 earnings call record财报电话会记录

“First, we achieved core profitability levels well ahead of the industry with adjusted ROA of 1.53%, adjusted PPNR ROA of 2.24%, and adjusted return on TCE of over 14%, even with our high capital levels.”

“Year-over-year, we grew adjusted revenue by 6% while keeping adjusted expense growth at just 3%, which highlights our ability to generate organic, profitable growth and positive operating leverage.”

“In addition to these positives, our loan production was $2.4 billion in the second quarter, which represents a 24% increase over the second quarter last year, and our loan pipeline remained robust at $2.7 billion.”

“Despite this accrual, we had positive earnings, and we grew tangible book value per share in the quarter due to our strong core profitability.”

“Moving on, we continued returning capital in the quarter by repurchasing $19 million of our common stock, which brings year-to-date buybacks to approximately $94 million, or roughly 1.7% of our shares outstanding.”

“Our net interest margin was stable this quarter at 3.88%, with a 4 basis point positive impact from higher asset yields exactly offsetting the increase in funding costs.”

“This was driven by positive operating leverage as year-over-year adjusted quarterly revenue was $17.4 million or 6%, compared to adjusted expense growth of just $4.8 million or 3%.”

“We repurchased about 226,600 shares at an average price of $83.71 per share, and that brings our year-to-date share buybacks to $93.8 million or about 1.7% of the company, and that was at an average price of $79.72.”

“For the year, we are providing guidance of 20-25 basis points.”

“We are probably more encouraged now than we've been in long-term in terms of the outlook for growth, and that's really across all our verticals.”

“We do think that that's part of our margin guidance going forward of coming down a few basis points as we see and have to pay up a little bit for deposits in order to continue to fund the loan growth that we expect.”

“We're probably a little more focused on hiring customers than we are bankers, and that seems to work pretty well for our model.”