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Shares of Ameris (NASDAQ:ABCB) were flat in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share increased 104.92% over the past year to $1.25, which beat the estimate of $1.18.
Revenue of $251,092,000 decreased by 11.83% from the same period last year, which missed the estimate of $263,830,000.
Guidance
Ameris hasn't issued any earnings guidance for the time being.
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Ameris hasn't issued any revenue guidance for the time being.
Recent Stock Performance
Company's 52-week high was at $59.85
52-week low: $20.86
Price action over last quarter: down 10.06%
Company Overview
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.