Ameris Bancorp reports results for the quarter ended in March - Earnings Summary

• Ameris Bancorp ABCB reported quarterly adjusted earnings of $1.10​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of seven analysts for the quarter was for earnings of $1.04 per share. Wall Street expected results to range from 98 cents to $1.09 per share.

• Revenue fell 0.2% to $267.27 million from a year ago; analysts expected $258.05 million.

• Ameris Bancorp's reported EPS for the quarter was $1.08​.

• The company reported quarterly net income of $74.31 million.

• Ameris Bancorp shares had fallen by 0.3% this quarter and lost 9.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Ameris Bancorp is $57.50

This summary was machine generated from LSEG data April 25 at 11:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)