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Here's What Key Metrics Tell Us About Ameris Bancorp (ABCB) Q2 Earnings
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Ameris Bancorp (ABCB - Free Report) reported $301.59 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.9%. EPS of $1.17 for the same period compares to $0.91 a year ago.
The reported revenue represents a surprise of +10.20% over the Zacks Consensus Estimate of $273.67 million. With the consensus EPS estimate being $1.15, the EPS surprise was +1.74%.
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: 3.6% compared to the 3.5% average estimate based on three analysts.
Efficiency ratio: 51.7% compared to the 54.2% average estimate based on three analysts.
Book value per share (period end): $51.64 versus $51.38 estimated by three analysts on average.
Average Balances-Interest earning assets: $23.92 billion versus the two-analyst average estimate of $23.65 billion.
Net charge-offs to average loans: 0.2% compared to the 0.3% average estimate based on two analysts.
Net Interest Income (FTE): $212.88 million compared to the $204.40 million average estimate based on three analysts.
Total Non-Interest Income: $88.71 million versus $69.27 million estimated by three analysts on average.
Net Interest Income: $211.92 million versus the two-analyst average estimate of $203.85 million.
Shares of Ameris Bancorp have returned +22.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Ameris Bancorp (ABCB) Q2 Earnings
Ameris Bancorp (ABCB - Free Report) reported $301.59 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.9%. EPS of $1.17 for the same period compares to $0.91 a year ago.
The reported revenue represents a surprise of +10.20% over the Zacks Consensus Estimate of $273.67 million. With the consensus EPS estimate being $1.15, the EPS surprise was +1.74%.
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: 3.6% compared to the 3.5% average estimate based on three analysts.
- Efficiency ratio: 51.7% compared to the 54.2% average estimate based on three analysts.
- Book value per share (period end): $51.64 versus $51.38 estimated by three analysts on average.
- Average Balances-Interest earning assets: $23.92 billion versus the two-analyst average estimate of $23.65 billion.
- Net charge-offs to average loans: 0.2% compared to the 0.3% average estimate based on two analysts.
- Net Interest Income (FTE): $212.88 million compared to the $204.40 million average estimate based on three analysts.
- Total Non-Interest Income: $88.71 million versus $69.27 million estimated by three analysts on average.
- Net Interest Income: $211.92 million versus the two-analyst average estimate of $203.85 million.
View all Key Company Metrics for Ameris Bancorp here>>>Shares of Ameris Bancorp have returned +22.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.