Ameris Bancorp (ABCB) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2024, Ameris Bancorp (ABCB) reported revenue of $284.74 million, up 5.1% over the same period last year. EPS came in at $1.38, compared to $1.16 in the year-ago quarter.The reported revenue represents a surprise of -2.02% over the Zacks Consensus Estimate of $290.6 million. With the consensus EPS estimate being $1.26, the EPS surprise was +9.52%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Ameris Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net interest margin (TE): 3.5% versus 3.6% estimated by three analysts on average. Efficiency ratio: 53.5% compared to the 52.2% average estimate based on three analysts. Book value per share (period end): $53.30 versus $52.76 estimated by three analysts on average. Average Balances - Total Earning Assets: $24.37 billion versus $24.52 billion estimated by two analysts on average. Net charge-offs as a percent of average loans (annualized): 0.2% compared to the 0.3% average estimate based on two analysts. Net Interest Income (TE): $215.03 million versus the three-analyst average estimate of $217.70 million. Total Non-Interest Income: $69.71 million versus the three-analyst average estimate of $72.90 million. Net Interest Income: $214.06 million versus $218 million estimated by two analysts on average. View all Key Company Metrics for Ameris Bancorp here>>>Shares of Ameris Bancorp have returned +2.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ameris Bancorp (ABCB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks