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Ameris Bancorp: Q3 Earnings Snapshot
By AP News - Oct 24, 2024, 04:41 PM ET
Last Updated - Dec 16, 2024, 06:00 PM EST
ATLANTA (AP) — ATLANTA (AP) — Ameris Bancorp (ABCB) on Thursday reported third-quarter profit of $99.2 million.
The bank, based in Atlanta, said it had earnings of $1.44 per share. Earnings, adjusted for non-recurring gains, came to $1.38 per share.
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The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The bank posted revenue of $424.9 million in the period. Its revenue net of interest expense was $284.7 million, missing Street forecasts. Three analysts surveyed by Zacks expected $290.6 million.
Ameris Bancorp shares have climbed 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $63.03, a rise of 78% 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
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