23 added · 18 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
For example, in July 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law, introducing significant tax changes.
Notwithstanding the strength of defensive measures, cybersecurity threats and the tactics, techniques and procedures used in cyberattacks change, develop and evolve rapidly and continuously, including from emerging technologies, such as artificial intelligence, which may be used to enhance the tactics, techniques and procedures described above and facilitate new cyber threats.
Accounting principles generally accepted in the United States require our management to make estimates and assumptions about matters that are inherently uncertain, including in determining loan loss and litigation reserves, goodwill impairment and the fair value of certain assets and liabilities, among other items.
The widespread adoption of new and emerging technologies, such as artificial intelligence and quantum computing, have the potential to further intensify competition and accelerate disruption in the financial services market.
The combination of these provisions may inhibit a non-negotiated merger or other business combination, which, in turn, could adversely affect the market price of our Common Stock. 30
The OBBBA extends or makes permanent various tax provisions that were originally enacted in the 2017 Tax Cuts and Jobs Act and were set to expire at the end of 2025.
The ability to pay dividends and the amount of dividends to our shareholders, as well as the ability to make repurchases of our Common Stock is dependent upon several factors, including, but not limited to, regulatory restrictions, the profitability of the Company, the ability of the Bank to provide dividends to the Company, regulatory capital levels, liquidity needs and market conditions.
Because of the uncertainty and subjectivity surrounding management’s judgments and the estimates pertaining to these matters, the Company cannot guarantee that it will not be required to adjust accounting policies or restate prior period financial statements.
While the Trump administration has generally sought to reform financial services regulation in a manner that reduces the regulatory burden, the Company expects that its businesses will remain subject to extensive regulation and supervision.
In addition, it includes various revenue-raising measures, including changes to certain Inflation Reduction Act clean energy tax credits and various limits on business and individual tax deductions, that are intended to offset part of the cost of the legislation.
Provisions in Georgia law, our articles of incorporation and bylaws, and federal banking laws could make it more difficult for a third party to acquire us, even if doing so would be perceived to be beneficial to our shareholders.
If we were to reduce or discontinue the payment of dividends and/or repurchases of our Common Stock, it could have an adverse effect on the value of our Common Stock.
No longer disclosed
As of December 31, 2024, we had outstanding trust preferred securities and accompanying junior subordinated debentures with a carrying value of $132.3 million and other subordinated notes payable with a carrying value of $108.8 million.
On October 19, 2023, the Bank entered into a consent order with the DOJ that resolved alleged violations of fair lending laws in the Jacksonville, Florida metropolitan area from 2016 to 2021.
Under the terms of the consent order, in addition to complying with various obligations of an administrative nature, the Bank will provide $7.5 million in mortgage loan subsidies over a five-year period in Majority Black and Hispanic Census Tracts (“MBHCTs”) in Jacksonville and will also commit, for the same five-year period in the Jacksonville MBHCT communities, $900,000 for focused advertising and outreach and $600,000 for community development partnerships providing services related to credit, financial education, homeownership and foreclosure prevention.
We have selected these third-party vendors carefully and have conducted the due diligence consistent with regulatory guidance and best practices.
Moreover, we expect the Trump administration will seek to implement a regulatory reform agenda that is significantly different than that of the Biden administration, impacting the rulemaking, supervision, examination and enforcement priorities of the federal banking agencies.
Actions taken to achieve compliance with the consent order may affect our financial performance and may require us to reallocate resources away from existing businesses or to undertake significant changes to our businesses, operations, products and services, and risk management practices.
Although we are committed to full compliance with the consent order, achieving such compliance will require significant management attention from us and may cause the Company to incur unanticipated costs and expenses.
Unrealized losses in our securities portfolio could affect liquidity. 21 As market interest rates have increased, we have experienced unrealized losses on our available for sale securities portfolio.
District Court for the Middle District of Florida on November 7, 2023.
In addition, Ameris and the Bank could be subject to other enforcement or adverse regulatory actions or constraints relating to the alleged violations resolved by the consent order.
Any of these results could have a material and adverse effect on our business, results of operations, financial condition, cash flows and stock price.
The Bank is subject to additional requirements included in the consent order entered into with the DOJ concerning our Jacksonville, Florida market.