Regional Bank Stocks Post Mixed Q1 as Ameris Bancorp Beats Revenue Estimates

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2▲4 ▼1Impact / 5
Summary · why it matters

Regional bank stocks delivered a mixed first quarter, with Ameris Bancorp reporting revenues of $315.3 million, up 10% year on year and exceeding analyst expectations by 2.1%. Among the 91 regional banks tracked, UMB Financial stood out with revenues of $744.8 million, a 29.3% increase that beat estimates by 5.4%, while BankUnited fell short with revenues of $273.8 million, missing expectations by 5.1%. Western Alliance Bancorporation posted revenues of $977.3 million, up 25.8% and surpassing estimates by 2.7%, and East West Bank reported revenues of $773.7 million, an 11.8% rise that beat estimates by 2.8%. On average, share prices of the group have held steady, rising 1.6% since the latest earnings results.

Impact on assets 5

Financials± Mixed
Ameris Bancorp
ABCB
▲ PositiveCapitalrelevance

Ameris Bancorp reported Q1 revenues of $315.3M, up 10% YoY and beating estimates by 2.1%.

BankUnited Inc
BKU
▼ NegativeCapitalrelevance

BankUnited fell short with Q1 revenues of $273.8M, missing expectations by 5.1%.

East West Bancorp Inc
EWBC
▲ PositiveCapitalrelevance

East West Bank reported Q1 revenues of $773.7M, up 11.8% and beating estimates by 2.8%.