ATLANTA (AP) — ATLANTA (AP) — Ameris Bancorp (ABCB) on Monday reported third-quarter net income of $106 million.
The bank, based in Atlanta, said it had earnings of $1.54 per share. Earnings, adjusted for non-recurring gains, came to $1.53 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The bank posted revenue of $431.3 million in the period. Its revenue net of interest expense was $315.2 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $304.5 million.
Ameris Bancorp shares have increased 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $74.41, a climb of 21% 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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