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ATLANTA (AP) — ATLANTA (AP) — Ameris Bancorp (ABCB) on Thursday reported fourth-quarter net income of $65.9 million.
The Atlanta-based bank said it had earnings of 96 cents per share. Earnings, adjusted for non-recurring costs, were $1.07 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The bank posted revenue of $388.5 million in the period. Its revenue net of interest expense was $262.3 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $267.2 million.
For the year, the company reported profit of $269.1 million, or $3.89 per share. Revenue was reported as $1.08 billion.
Ameris Bancorp shares have decreased 0.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.77, an increase of 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABCB at https://www.zacks.com/ap/ABCB