Ameris Bancorp (ABCB) reported $301.59 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.9%. EPS of $1.17 for the same period compares to $0.91 a year ago.The reported revenue represents a surprise of +10.20% over the Zacks Consensus Estimate of $273.67 million. With the consensus EPS estimate being $1.15, the EPS surprise was +1.74%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.74%. A quarter ago, it was expected that this bank would post earnings of $1.06 per share when it actually produced earnings of $1.10, delivering a surprise of 3.77%.Over the last four quarters, the company has su ...

Exhibit 99.1 News Release AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2024 Highlights of Ameris's results for the second quarter of 2024 include the following: · Net income of $90.8 million, or $1.32 per diluted share; · Adjusted net income of $80.8 million, or $1.17 per diluted share · Return on average assets ("ROA") of 1.41%; Adjusted ROA of 1.25% · Pre-tax, pre-provision net revenue (PPNR) ROA of 2.25%; Adjustment items positively impacted PPNR ROA by 29 basis points · Growth in tangib ...

Highlights of Ameris's results for the second quarter of 2024 include the following:Net income of $90.8 million, or $1.32 per diluted share;Adjusted net income(1) of $80.8 million, or $1.17 per diluted shareReturn on average assets ("ROA") of 1.41%; Adjusted ROA(1) of 1.25%Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 2.25%; Adjustment items positively impacted PPNR ROA by 29 basis pointsGrowth in tangible book value(1) of $1.27 per share, or 14.8% annualized, to $35.79 at June 30, 2024TCE ratio(1) of ...

In its upcoming report, Ameris Bancorp (ABCB) is predicted by Wall Street analysts to post quarterly earnings of $1.15 per share, reflecting an increase of 26.4% compared to the same period last year. Revenues are forecasted to be $273.67 million, representing a year-over-year decrease of 1.2%.Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

ATLANTA, July 12, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company" or "Ameris") announced today that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Stock Market LLC ("Nasdaq").Ameris's common stock is expected to begin trading on the NYSE on Tuesday, July 23, 2024, and will continue to be traded under its current ticker symbol "ABCB" after the transfer. Ameris's common stock is expected to continue to trade on Nasdaq until the clos ...

ATLANTA, July 2, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its second quarter 2024 financial results in a press release after the market closes on Thursday, July 25, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S. Stokes, Chief Financial Officer, and Douglas D. Strange, Chief Credit Officer, will host a teleconference at 9:00 a.m. Eastern time on Friday, July 26, 2024 to discuss the Company's results and answer appropriate ...

ATLANTA, June 12, 2024 /PRNewswire/ -- Ameris Bank is donating $2.23 million to 40 rural hospitals in Georgia, as part of the Georgia HEART Hospital Program in 2024. Ameris has been participating in the state income tax credit program since 2018, contributing more than $12 million."Ameris is proud to support our rural hospitals and the communities they serve," said Ameris Bank CEO Palmer Proctor. "The Georgia HEART Hospital Program is important because it not only provides much needed funding to these cruci ...

Investors in Ameris Bancorp (ABCB) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $35 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

ATLANTA, May 31, 2024 /PRNewswire/ -- Ameris Bank ranked among the Top 10 banks in the U.S. for the largest retail mortgage volume in the first quarter of this year, according to data reported by National Mortgage News today. The industry data was cited from quarterly call reports from the Federal Financial Institutions Examination Council. "I credit our strong mortgage origination volume to our team of professionals who offer expert counsel, quick mortgage underwriting decisions, and attractive mortgage ra ...