Ameris Bancorp: Q3 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Ameris Bancorp (ABCB) on Thursday reported third-quarter net income of $80.1 million.

The Atlanta-based bank said it had earnings of $1.16 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The bank posted revenue of $393.7 million in the period. Its revenue net of interest expense was $270.9 million, which did not meet Street forecasts.

Ameris Bancorp shares have declined 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.18, a decline of 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABCB at https://www.zacks.com/ap/ABCB