Ameris Bancorp (ABCB) Reports Earnings Tomorrow: What To Expect

ABCB Cover Image

Regional banking company Ameris Bancorp (NYSE: ABCB) will be announcing earnings results this Thursday after the bell. Here’s what you need to know.

Ameris Bancorp beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $313.1 million, up 12% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and a decent beat of analysts’ tangible book value per share estimates.

Is Ameris Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Ameris Bancorp’s revenue to grow 6.6% year on year to $310.5 million, slowing from the 10.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.58 per share.

Ameris Bancorp Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ameris Bancorp has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Ameris Bancorp’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. UMB Financial delivered year-on-year revenue growth of 66%, beating analysts’ expectations by 6%, and WSFS Financial reported revenues up 6.2%, topping estimates by 4.1%. WSFS Financial traded up 6.5% following the results.

Read our full analysis of UMB Financial’s results here and WSFS Financial’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 3.4% on average over the last month. Ameris Bancorp is up 5.7% during the same time and is heading into earnings with an average analyst price target of $83.29 (compared to the current share price of $80.17).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  242.24
-2.44 (-1.00%)
AAPL  254.69
-3.58 (-1.39%)
AMD  251.45
-0.58 (-0.23%)
BAC  51.63
-0.54 (-1.03%)
GOOG  332.15
-2.85 (-0.85%)
META  669.29
-3.68 (-0.55%)
MSFT  478.36
-2.22 (-0.46%)
NVDA  191.04
+2.52 (1.34%)
ORCL  173.05
-1.85 (-1.06%)
TSLA  432.54
+1.64 (0.38%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.