Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q1 2015 Earnings Presentation
14 slides from Ameris Bancorp's earnings presentation, May 20, 2015
Slide 1: 1st Quarter 2015 Earnings Presentation
Ameris Bancorp 1%t Quarter 2015 Earnings Presentation Edwin W. Hortman, Jr. - President & CEO Dennis J. Zember, Jr. — EVP & CFO Acmerts Bancorp
Slide 2: Cautionary Statements
Cautionary Statements ‘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 analys
Slide 3: Headquartered in Moultrie, Georgia
* 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 mergers with Coastal Bankshares, Prosperity Banking Company and 10 FDIC-assisted transactions
Slide 4: Experienced Management
Experienced Managemen Experience Name, Position (Banking / Ameris) Edwin W. Hortman Jr. apie Chief Executive Officer ‘Andrew B. Cheney 38/6 EVP & Chief Operating Officer Dennis J. Zember Jr. aij EVP & Chief Financial Officer Jon S. Edwards paps EVP & Chief Credit Officer Stephen A. Melton fs EVP, Ch
Slide 5: Stronger ROA and ROTCE to support M&A activities
Manage Stronger ROA’s (over 1.15%) and ROTCE (over 15%) to support M&A activities Current earnings produce 15%t ROTCE. Sustain double digit loan and deposit growth, particularly in larger MSA markets. Manage Mortgage and SBA lines of business for meaningful addition to ROA and ROTCE. Continue to dri
Slide 6: Pending Acquisition Updates
Pending Acquisition Updates ‘+ Announced acquisition covering $866.9 million in deposits + $400 milion acquisition in Gainesville, FL + Regulatory approvals received, Anticipated closure date of + Regulatory approvals received, Anticipated closure date of June 12, 2015 May 22, 2015 + Stable Deposit
Slide 7: 1st Quarter Operating Results
1st Quarter Operating Results | 101540148 1014} Interest Income before Accretion 39,271 40,620 35,193, Accretion income 3097 4.280 2,680 Interest Expense 3536 3.803 __3.389 Net Interest Income 38,832 _41,007 __ 34.484 1069888 Core Operating Expenses Credit Coste Mergerrelated expences 15 67 Income b
Slide 8: Revenues — 1Q15
Revenues — 1Q15 inmilions) EA Decline in Net interest Margin ("NIM") relates the following: 1. Heavier concentration in S/T assets resulting from capital raise (a0bps) 2. Lower yields on loans, partially offeet by lower cost of funds 3. Lower loan yields resulting from more focus on variable rate lo
Slide 9: Non-Interest Income — 1Q15
Non-Interest Income — 1Q15 Income as a % of Average Assets + Service chargesin 1015 up 15.1% over 1014 + Morigage non-interest income in 1015 up $9.58 over 1014 + SBA noninterest income in 1035 up 300% over 1034 Pending acquisitions had approximately 1.60% non-interest income to average aecets in 20
Slide 10: Expenses — 1Q15
Expenses —1Q15 One + 1035 includes approximately $1.4 milion that we do not : =| believe willbe recurring in 20,5 (detailed on following slide) 5 + Core Opex in 1035 as a percentage of Assets is about flat compared to 1014; Rapid growth in assets (approximately 25% per year over last 5 years includi
Slide 11: Expenses — 1Q15
Expenses —1Q15 cae erecel ee Froese | sans] clea Salaries total Incentive & FICA, Mortgage Expense SBA Expenses pp ait FDIC Insurance Occupancy Printing & Postage $14,013 3,242 6249 705 $440 1258 292 (335) 31 (133) (153) 3) $1759 1431 1482 305 806 220 490 $267 Coastal Salaries are approximately $1.3
Slide 12: Legacy & PN Loans
Legacy & PN inline Bae as ae ill 1013 sans nau Total Loan Production in 1015 up 38% against 4014 levels; Yields steady to increasing with acceptable mix of fixed / floating Shorter average life on our fixed rate credits Production in 1015 up 30% against 1014 1015 Loans outstanding increased 12% annu
Slide 13: Deposits — 1Q15
Deposits —-1Q15 *° NIB Demand Di + Growth rate in NIB deposits continues to be strong; 1015, | {growth in NIB deposits totaled $268 milion or 38.3% over poy Ee iai4 ‘+ 26% ofthe growth from the Coastal Bank acquisition ‘+ 74% of the growth from internal sales efforts on consumer co ES BS ee and comm
Slide 14: Capital and TBV — 1Q15
Capital and TBV-1Q15 © Tangible Book Valu 100% ‘© Steady capital levels (proforma) despite having a balance sheet much more centered in cash and securities + TCE at 1015 includes effect of the capital raise but not the incremental assets 60% © Confident in our TCE build over the coming quarters and