Ameris Bancorp (ABCB) Q3 Earnings Top Estimates

Group 1 - Ameris Bancorp reported quarterly earnings of $1.38 per share, exceeding the Zacks Consensus Estimate of$ 1.26 per share, and up from $1.16 per share a year ago, representing an earnings surprise of 9.52% [1] - The company posted revenues of$ 284.74 million for the quarter ended September 2024, which was 2.02% below the Zacks Consensus Estimate, compared to $270.93 million in the same quarter last year [1] - Over the last four quarters, Ameris Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [1] Group 2 - The stock has gained approximately 18.2% since the beginning of the year, while the S&P 500 has increased by 21.5% [2] - The current consensus EPS estimate for the upcoming quarter is$ 1.25 on revenues of $286.2 million, and for the current fiscal year, it is$ 4.82 on revenues of $1.14 billion [4] - The Zacks Industry Rank for Banks - Southeast is in the bottom 44% of over 250 Zacks industries, indicating potential challenges for stock performance [5]