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via finance.yahoo.comBusiness & Companies

Ameris Bancorp: third-quarter earnings top expectations

FROM THE WIRE · FINANCE.YAHOO.COM

ATLANTA (AP) — ATLANTA (AP) — Ameris Bancorp (ABCB) on Thursday reported third-quarter net income of $116.1 million. The Atlanta-based bank said it had earnings of $1.73 per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEarnings per share beat consensus for a regional bank, though net revenue fell short of forecasts.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter net income was $116.1 million.
  2. 02Earnings per share were $1.73 versus an estimate of $1.68.
  3. 03Revenue net of interest expense was $322.8 million, missing forecasts.
  4. 04Shares hit $82.37 in the final minutes of trading, up 13% over 12 months.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Ameris BancorpABCBStock82.37 USDMarket closedtoday +2.17%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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