Ameris Bancorp: Q1 Earnings Snapshot
By AP News
Published - Apr 25, 2024, 05:06 PM ET
Last Updated - May 27, 2024, 01:06 AM EDT
ATLANTA (AP) — ATLANTA (AP) — Ameris Bancorp (ABCB) on Thursday reported first-quarter net income of $74.3 million.
The bank, based in Atlanta, said it had earnings of $1.08 per share. Earnings, adjusted for non-recurring costs, came to $1.10 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The bank posted revenue of $395.3 million in the period. Its revenue net of interest expense was $268.2 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $259.7 million.
