Slide 1: Ameris Bancorp 4th Quarter 2016 & YTD Results
Ameris Bancorp 4 th Quarter 2016 & YTD Results Investor Presentation
Slide 2: Non-GAAP and forward-looking statements disclaimer
This presentation contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”) . Management of Ameris Bancorp (the “Company”) uses these non - GAAP measures in its analysis of the Company’s
Slide 3: Earnings Summary – Operating Basis
Earnings Summary – Operating Basis Quarter to Date Results Year to Date Results 4Q16 4Q15 Change YTD 16 YTD 15 Change Operating Earnings $ 21,926 $ 15,323 43% $ 79,982 $ 53,341 50% Earnings Per Share $ 0.62 $ 0.47 32% $ 2.30 $ 1.66 39% Return on Assets 1.33% 1.12% 18% 1.30% 1.11% 17% Return on TCE 1
Slide 4: 4Q 2016 Operating Highlights
4 Q 2016 Operating Highlights • Organic Loan Growth of $660.4 million, or 20.8% annualized • Operating efficiency ratio of 59.97% compared to 72.12% in 4Q 2015 • Total Revenue of $81.6 million, growth of 14.8% compared to 4Q 2015 • Legacy NPAs declined to 0.42% of total assets • Non - acquired NCOs
Slide 5: YTD 2016 Operating Highlights
YTD 2016 Operating Highlights YTD 2016 YTD 2015 Asset Growth 1,303,091 1,551,863 Asset Growth Rate 23.32% 38.44% Organic Loan Growth 660,427 344,212 Organic Loan Growth Rate 20.78% 13.40% Total Revenue 325,172 263,699 Total Revenue Growth 24.53 % 23.01% Core Operating Expenses 203,709 179,894 Core O
Slide 6: Total Revenue
Total Revenue Reliable increases in revenue • Up 19% over same quarter in 2015 • YTD, higher by 29% Diversified between spread and non - interest income: • 66.3% of revenue is spread related • 4.1% of revenue is accretion income Organic Growth in Non - Interest Income • Non - interest income higher
Slide 7: Net Interest Margin
Net Interest Margin $36.2 $38.6 $45.1 $46.5 $48.2 $51.3 $54.4 $56.1 4.05% 3.87% 3.81% 3.74% 3.80% 3.70% 3.75% 3.76% 3.00% 3.50% 4.00% 4.50% $20.0 $30.0 $40.0 $50.0 $60.0 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 3Q 16 4Q 16 Net Interest Income before Accretion (in millions)
Slide 8: 2017 Outlook
2017 Outlook Growth • Looking to sustain our operating ratios as we continue to grow the balance sheet . • Margins are stable in the 3 . 75 % - 3 . 80 % range (net of accretion) • Expect that higher rates will make us more competitive on the deposit side . Do not need higher rates to deliver on our