UPDATE: Ameris Bancorp (ABCB) Tops Q1 EPS by 51c

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Go back to UPDATE: Ameris Bancorp (ABCB) Tops Q1 EPS by 51c

Ameris Bancorp Announces Financial Results For First Quarter 2021

April 22, 2021 4:05 PM EDT

ATLANTA, April 22, 2021 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $125.0 million, or $1.79 per diluted share, for the quarter ended March 31, 2021, compared with $19.3 million, or $0.28 per diluted share, for the quarter ended March 31, 2020.  The increase in net income is primarily attributable to a reduction in provision for credit losses of $69.6 million and an increase in mortgage banking activity for the quarter of $63.2 million.  The Company reported adjusted net income of $115.7 million, or $1.66 per diluted share, for the quarter ended March 31, 2021, compared with $39.2 million, or $0.56 per diluted... More