Ameris Bancorp (NYSE: ABCB) (the “Company”) announced today that its board of directors authorized the Company to repurchase up to $200 million of its outstanding common stock. The board's authorization is a continuation of and increase in the Company's previously announced share repurchase program which was set to expire on October 31 and under which the Company has repurchased $36.3 million of its outstanding common stock in the past 12 months.

Repurchases of shares, which are authorized to occur through October 31, 2026, must be made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including share acquisition price, regulatory limitations and other market and economic factors. The program does not require the Company to repurchase any specific number of shares.

H. Palmer Proctor, Jr., the Company's Chief Executive Officer, stated, "This repurchase plan reflects our disciplined focus on long-term shareholder value and confidence in the strength of the Company's balance sheet and top of class financial results."