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Ameris . ABCB Stock Price, News, Charts

Ameris . ABCB Stock Price, News, Charts
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Ameris Bancorp Announces Financial Results For Second Quarter 2021

Ameris Bancorp Announces Financial Results For Second Quarter 2021
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Ameris Bancorp (NASDAQ:ABCB) - Ameris: Q2 Earnings Insights

Ameris Bancorp (NASDAQ:ABCB) - Ameris: Q2 Earnings Insights
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Ameris Bancorp Announces Financial Results For First Quarter 2021

Ameris Bancorp Announces Financial Results For First Quarter 2021
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ATLANTA, April 22, 2021 /PRNewswire/ Ameris Bancorp (Nasdaq: ABCB) (the Company ) today reported net income of $125.0 million, or $1.79 per diluted share, for the quarter ended March 31, 2021, compared with $19.3 million, or $0.28 per diluted share, for the quarter ended March 31, 2020. The increase in net income is primarily attributable to a reduction in provision for credit losses of $69.6 million and an increase in mortgage banking activity for the quarter of $63.2 million. The Company reported adjusted net income of $115.7 million, or $1.66 per diluted share, for the quarter ended March 31, 2021, compared with $39.2 million, or $0.56 per diluted share, for the same period in 2020. Adjusted net income excludes after-tax merger and conversion charges, servicing right valuation adjustments, certain legal expenses, gain on bank owned ....

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Ameris Bancorp (NASDAQ:ABCB) - Recap: Ameris Q1 Earnings

Quarterly Results
Earnings per share were up 196.43% year over year to $1.66, which beat the estimate of $1.15.
Revenue of $282,950,000 higher by 39.85% year over year, which beat the estimate of $260,930,000.
Looking Ahead
Revenue guidance hasn t been issued by the company for now.
Technicals
Company s 52-week low was at $17.12
Price action over last quarter: Up 24.50%
Company Description
Ameris Bancorp operates as a bank. It offers services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments namely Banking Division, the Retail Mortgage Division, the Warehouse Lending Division, the SBA Division, and the Premium Finance Division. The company generates a majority of its revenue from the Banking division. ....

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