ATLANTA (AP) — ATLANTA (AP) — Ameris Bancorp (ABCB) on Thursday reported fourth-quarter earnings of $94.4 million.
The bank, based in Atlanta, said it had earnings of $1.37 per share. Earnings, adjusted for non-recurring costs, were $1.38 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The bank posted revenue of $415.3 million in the period. Its revenue net of interest expense was $290.8 million, which also beat Street forecasts.
For the year, the company reported profit of $358.7 million, or $5.19 per share. Revenue was reported as $1.14 billion.
Ameris Bancorp shares have increased almost 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $65.57, an increase of 26% 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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