Piper Jaffray Downgrades Ameris Bancorp (ABCB) to Neutral
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Ameris Bancorp Reports Operating Net Income of $16.5 Million, or $0.50 Per Diluted Share, for First Quarter 2016
April 22, 2016 7:05 AM EDTMOULTRIE, Ga., April 22, 2016 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported operating net income of $16.5 million, or $0.50 per diluted share, for the quarter ended March 31, 2016, compared with $9.8 million, or $0.32 per diluted share, for the quarter ended March 31, 2015. Commenting on the Company's quarterly results, Edwin W. Hortman, Jr., the Company's President and Chief Executive Officer, said, "We are very pleased with our operating results and performance ratios that our outstanding bankers produced in the first quarter. Even more encouraging is the positive momentum we see going into the... More
