Ameris Bancorp: 2Q Earnings Snapshot
MOULTRIE, Ga. (AP) _ Ameris Bancorp (ABCB) on Friday reported second-quarter net income of $38.9 million.
The Moultrie, Georgia-based bank said it had earnings of 82 cents per share. Earnings, adjusted for non-recurring costs, came to 96 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 96 cents per share.
The bank posted revenue of $164.3 million in the period. Its revenue net of interest expense was $136.9 million, which topped Street forecasts. Four analysts surveyed by Zacks expected $136.2 million.
Ameris Bancorp shares have climbed 21% since the beginning of the year. The stock has decreased 23% in the last 12 months.