Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Merger or Acquisition (December 2021)
9 slides from Ameris Bancorp's merger presentation, Dec 13, 2021
Slide 1: Acquisition of Balboa Capital Corporation
Acquisition of Balboa Capital Corporation December 13, 2021 Exhibit 99.2
Slide 2: Forward-looking statements
This presentation contains estimates, predictions, opinions, projections and other “forward-looking statements” as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements relating to the impact Ameris and Balb
Slide 3: Overview of Balboa Capital
Originations and Portfolio Balance Company Overview Presented net of unearned income Note: Financial data as of September 30, 2021 unless otherwise noted 2 Overview of Balboa Capital Technology-Driven Lending Platform Powers a Broad Array of Credit Solutions Delivered through Multiple Distribution C
Slide 4: Technology-Driven Platform
3 Technology-Driven Platform The Ultimate Sales Tool for Equipment Vendors Engine that Fuels Quick, Efficient Credit Decisions and Fundings Balboa’s Online Vendor Management Tool Balboa’s Robust Data & Analytics Balboa’s Proprietary Workflow Platform Customer Credit Database Collected Over 33 Years.
Slide 5: Financially Compelling Strategic Rationale
10% accretive to estimated 2022 EPS combined with upside potential from identified operating synergies Manageable tangible book value dilution with a four year earnback period and enhances our efficiency ratio profile Leverages balance sheet liquidity resulting in approximately 15bps accretion to es
Slide 6: Comprehensive Marketing Strategy
5 Comprehensive Marketing Strategy Balboa is on the cutting edge of using all marketing tools to further the Balboa Capital brand and to reach small and medium businesses Direct salesforce follows up on applications and transactions generated from vendor partners Current portfolio includes over 5,80
Slide 7: Significant Market Opportunity
6 Source: ELFA Website / Equipment Finance in 2020: Special COVID-19 Impact Issue Management estimate U.S. Small Business Administration U.S. Small Business Economic Profile (as of 12/31/20) FRBNY Small Business Credit Survey 2020 Significant Market Opportunity U.S. Investment in Capital Goods and S
Slide 8: Portfolio Summary Statistics
Portfolio Summary Statistics Presented net of unearned income Note: Segmentation charts as of September 30, 2021; portfolio summary statistics as of September 30, 2021 7 High Quality Diverse Portfolio Segmentation by Equipment Segmentation by Geography Segmentation by Customer
Slide 9: Impressive Credit Performance Through Economic Cycles
8 Balboa maintains separate underwriting scorecards by channel and product including vendor, direct, working capital, commercial vehicle, office products, <$50k, >$50k Reflects average monthly net charge-off rate since 2017 Reflects net charge-off performance as of September 2021 Note: MLP is define
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