Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Investor Presentation (February 2013)
20 slides from Ameris Bancorp's investor presentation, Feb 12, 2013
Slide 1: Ameris Bancorp Investor Presentation
Exhibit 99.1 Amerts Bancorp Investor Presentation
Slide 2: Cautionary Statements
Cautionary Statements capital measures may, or may not be necessarily comparable to This presentation contains certain performance measures similar capital measures that may be presented by other determined by methods other than in accordance with accounting companies. principles generally accepted
Slide 3: Corporate Profile
Corporate Profile • Headquartered in Moultrie, Georgia • Founded in 1971 as American Banking Company • Historically grown through acquisitions of smaller banks in areas close to existing operations • Recent growth through de novo expansion strategy and 10 FDIC-assisted transactions • Four state foot
Slide 4: Experienced Management Team
Experienced Management Team Name, Position Experience Previous Experience (Banking / Ameris) Edwin W. Hortman Jr. 32/14 Colony Bankcorp, Inc. Chief Executive Officer Andrew B. Cheney 36/3 Barnett Bank, Mercantile Bank EVP & Chief Operating Officer Dennis J. Zember Jr. 19/7 Flag Financial Corporation
Slide 5: Current Focus
Current Focus Realizethe positiveimpactsof ourEarningsStrategies • Continue to drive double digit growth in loans and low-cost/no-cost funding. • Design and implement strategies to build more efficient banking platform. Rationalize branch network and position Bank for faster growth in assets. • Buil
Slide 6: Fourth Quarter Update
Fourth Quarter Update dollars in millions, except per share data Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Change BALANCE SHEET Assets $2,994 $3,043 $2,920 $2,949 $3,008 0.47% Loans, net 1,868 1,949 1,941 2,015 2,007 7.44 Tang Common Equity / Assets 7.96% 7.95% 8.41% 8.27% 8.23% 3.39 Tangible Book Value $1
Slide 7: Loan Portfolio Detail
Loan Portfolio Detail Agriculture C&I Loan Portfolio Detail – 12/31/12 Covered 7% 9% 28% Construction Average Loan 6% Loan Type Size Average Rate Non-owner Investor CRE $ 425,335 5.15 % occupied CRE Consumer C&D 100,350 5.25 15% Installment & Owner Residential Residential 71,248 5.64 Occupied CRE 20
Slide 8: Loan Portfolio Growth in Loan Pipelines
Loan Portfoliostrong – loan pipelines 1 Growth in Loan Pipelines Lending Strategies $160 • Leveraging presence in new markets (top five Loan Pipeline EOQ (in millions) markets account for 70% of pipeline: Atlanta, $139.0 $147.2 Jacksonville, Columbia, Savannah, Charleston $120 $127.4 • Upgrading pro
Slide 9: Loan Portfolio
Loan Portfolio Diversified through smaller relationships as well Portfoliocomprised ofsmallerrelationships $12 $11.53 Relationship Totals in LegacyPortfolio (inmillions) Rank Total O/S % of total Top 10 $ 81.81 5.64% $8 Top 50 $ 242.53 16.72% Top 100 $ 376.12 25.93% Top 200 $ 544.95 37.57% $4.23 Top
Slide 10: Significant Value in Deposit Portfolio
Significant Value in Deposit Portfolio Low cost funding for loan growth • 29.2%- Growth rate in Non-interest Bearing Demand during last 12 months • 68.0%- Percentage of deposits in retail oriented transaction style accounts • 98.0%- Percentageof Bank’stotal funding through depositsthat “walks throug
Slide 11: Significant Value in Deposit Portfolio
Significant Value in Deposit Portfolio Future revenue opportunity is large, and growing • $0.44 per share Additional – earnings embedded in today’s Balance Sheet vs. 2008. Today’s deposit mix would have reduced interest expense by 30% in 2008, or $16.0 million. • Built significant value in our core
Slide 12: Capital Growth - Expansion/Remix of Total Assets
Capital Growth – Expansion/Remix of Total Assets Tangible Common / Tangible Assets 9.00% • Strong capital ratios supported by high PTPP earnings 8.41% 8.27% 8.20% • Anticipate repaying remaining portions of TARP 7.96% 7.99% 7.95% 7.78% before rate adjustment in Feb 2014. 7.51% 7.35% • Consider re-in
Slide 13: FDIC Indemnification Asset
FDIC Indemnification Asset Managing towards the end of loss share protection Original Current % of Original Months remaining Original Estimate Current Estimate Current Estimate of Acquisition Indemnification Indemnification Indem Asset to collect of Total Losses of Total Losses Losses as a % of 1 2
Slide 14: Earnings Continued - Growth in Revenue
EarningsContinued – Growth in Revenue Revenue growth through this cycle with opportunistic strategies: • 16.5%compoundedannualgrowth rate in total revenue over the last three years • Revenue has grown faster than earning assets • Significant amount of assets that will be deployed over the next 3 yea
Slide 15: Earnings - Net Interest Margin
Earnings Net - Interest Margin “Acquisition Yields” Net Interest Margin (2) (%) Loans CDs Quarter Yield Quarter Yield Q3 '11 5.62% Q3 '11 0.96% Q4 '11 5.38% Q4 '11 0.67% Q1 '12 5.48% Q1 '12 0.65% Q2 '12 5.45% Q2 '12 0.54% Q3 '12 5.28% Q3 '12 0.51% Q4 '12 5.11% Q4 '12 0.44% Maturity & Repricing Oppor
Slide 16: Earnings - Non-Interest Income
EarningsNon-Interest – Income Serious about building strength and diversification in non- interest income sources • Moving away from deposit charges • Researching unique lines of business • Momentum in our numbers coming from mortgage revenue; we believe we can duplicate that strategy with other LOB
Slide 17: Earnings - Corporate Restructure & Improved Efficiency
EarningsCorporate - Restructure & Improved Efficiency Details regarding the recently announced Corporate Restructuring: Branch Rationalization – Closing 20% of our retail branch locations, either in smaller markets or areas where our market share is not sufficient to drive desired profitability. “At
Slide 18: Credit Quality
Credit Quality 2013 should benefit from significant improvement in 2012 Trends in NPA’s 100 $92 $88 $79 75 $68 $70 $61 $59 $52 $57 $59 50 $44 $52 $51 $49 $47 $38 $39 $41 $40 $37 $36 $37 25 0 Q2 '10 Q4 '10 Q2 '11 Q4 '11 Q2 '12 Q4 '12 NPLs OREO • NPLs down 60% from their peak levels over • Improvement
Slide 19: M&A Opportunities
M&A Opportunities (Significant opportunity building in our 4-State Footprint) Ameris Bank is positioned to capitalize on an The Numbers indicate Consolidation is necessary: anticipated consolidation in the Southeast: 595 – Banks headquartered in our four states Seasoned acquirer– AmerisBankhascomple
Slide 20: Ameris Bancorp
A-merts Investor Presentation Bancorp
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