Ameris Bancorp

ABCB remains in a Stage 2 advance underpinned by higher highs and rising EMAs. While the medium-term bias is firmly bullish, current price is extended above the 9 and 20 EMA with extreme overbought RSI and Options Score, signaling limited upside on the immediate bar. We will stalk for shallow pullbacks into the rising EMAs for structural acceptance before committing.

• ↑Q1 net income $110.5M ($1.63/share); ROA above 1.62%; ROTCE 14.75%
• ↑Annualized loan growth +5.9%; deposit growth +4.7%; loan pipeline $2.8B
• ↓Rising deposit costs likely to compress net interest margins