Ameris Bancorp (ABCB) Surpasses Q1 Earnings and Revenue Estimates

Core Insights - Ameris Bancorp (ABCB) reported quarterly earnings of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and up from $1.10 per share a year ago, representing an earnings surprise of 11.30% [1] - The company posted revenues of $286.79 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.87%, and an increase from $268.22 million year-over-year [2] - Ameris Bancorp has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.27 on revenues of $292.23 million, and for the current fiscal year, it is $5.08 on revenues of $1.17 billion [7] - The estimate revisions trend for Ameris Bancorp is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Southeast industry, to which Ameris Bancorp belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]