Ameris Bancorp (ABCB) Tuesday reported first-quarter profit of $4.8 million or $0.20 per share, up from $4.6 million or $0.19 per share in the same period last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Net-interest income dropped to $28.34 million from $27.73 million last year. Net-interest margin was 4.79 percent, compared to 4.48 percent last year.
Non-interest income totaled $11.36 million, down from $27.26 million last year.
Provision for loan losses was $2.92 million, compared to $12.88 million last year.
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