Ameris Bancorp: 4Q Earnings Snapshot
MOULTRIE, Ga. (AP) _ Ameris Bancorp (ABCB) on Friday reported fourth-quarter net income of $43.5 million.
The Moultrie, Georgia-based bank said it had earnings of 91 cents per share. Earnings, adjusted for one-time gains and costs, came to 96 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.
The bank posted revenue of $153.2 million in the period. Its revenue net of interest expense was $130 million, missing Street forecasts. Three analysts surveyed by Zacks expected $132.2 million.
For the year, the company reported profit of $121 million, or $2.80 per share. Revenue was reported as $461.8 million.
Ameris Bancorp shares have increased 11 percent since the beginning of the year. The stock has fallen 34 percent in the last 12 months.