Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q3 2016 Earnings Presentation
9 slides from Ameris Bancorp's earnings presentation, Oct 17, 2016
Slide 1: Ameris Bancorp 3rd Quarter 2016 Financial Highlights
Ameris Bancorp 3 rd Quarter 2016 Financial Highlights
Slide 2: Non-GAAP measures and forward-looking 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 analysis of the Company’s
Slide 3: 3Q 2016 Earnings Summary
3Q 2016 Earnings Summary 3 Reported Net Income of $21.6 million – Increase of 38% over 3Q 2015 net income – EPS of $0.61 per diluted share, an increase of 27% over 3Q 2015 EPS – Return on Average Assets of 1.35% – Return on Average Tangible Common Equity of 17.2% “Operating” Net Income of $21.6 mill
Slide 4: Operating Highlights
3Q 2016 Operating Highlights 4 • Organic Loan Growth of $223 million, or 23% annualized • Operating efficiency ratio of 60.08% compared to 63.9% in 3Q 2015 • Total Revenue of $86.9 million, growth of 18.9% compared to 3Q 2015 • Legacy NPAs declined to 0.41% of total assets • Non - acquired NCOs of o
Slide 5: Key Operating Ratios
3Q 2016 Key Operating Ratios 5 3Q16 2Q16 1Q16 4Q15 3Q15 Operating ROAA 1.35% 1.31% 1.18% 1.12% 1.21% Operating ROTCE 17.18% 17.03% 15.42% 14.97% 16.23% Net Interest Margin 3.99% 4.05% 4.03% 3.98% 4.07% Net Interest Margin w/o Accretion 3.75% 3.74% 3.80% 3.74% 3.81% Efficiency Ratio 60.08% 60.42% 63.
Slide 6: Total Revenue
Total Revenue 6 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 highe
Slide 7: Net Interest Margin
Net Interest Margin 7 $36.2 $38.6 $45.1 $46.5 $48.2 $51.3 $54.4 4.05% 3.87% 3.81% 3.74% 3.80% 3.70% 3.75% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% 4.20% 4.40% $20.0 $30.0 $40.0 $50.0 $60.0 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 3Q 16 Net Interest Income before Accretion (in millions)
Slide 8: Non-Interest Income
Non - Interest Income 8 3Q 2016 3Q 2015 change Service Charges NSF Income 5,205 4,947 5.2% Debit Interchange 3,853 3,820 0.9% Service charges 2,024 1,663 21.7% Other 1,028 1,048 - 1.9% Total Deposit Related 12,110 11,478 5.5% Mortgage Revenues 13,197 9,694 36.1% SBA Revenues 1,162 1,308 - 11.2% BOLI
Slide 9: Expense Highlights
3Q 2016 Expense Highlights Solving Our Efficiency Riddle: What is driving these results: • Leveraging our strong commercial lenders with larger portfolios • Restructure/re - engineering of administrative functions to support larger operations more efficiently • Operate lines of business for profit,