Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — SunTrust Robinson Humphrey Financial Services Unconference May 2011
27 slides from Ameris Bancorp's conference presentation, May 25, 2011
Slide 1: SunTrust Robinson Humphrey Financial Services Unconference May 2011
EXHIBIT 99.1 SunTrust Robinson Humphrey Financial Services Unconference May 2011 AMERIS BANCORP
Slide 2: Cautionary Statements
Cautionary This Management presentation Statements of Ameris contains Bancorp certain(the performance “Company”) measures uses these determined non? GAAP by methods measures other in its thananalysis in accordance of the Company’s with accounting perform principles generally accepted in the United S
Slide 3: Corporate Profile
•Corporate Approximately Assets Headquartered Founded Historically Recent Four state –growth $2.9 Profile infootprint 1971 grown billion through in 691 as Moultrie, through with FTEs the Loans de American 58managing novo –acquisitions Georgia offices $1.9 expansion Banking billion 175,000 ofDeposits
Slide 4: Experienced Management Team
Experienced NAME (Banking Edwin 31/13 Andrew 35/2 President Dennis 18/6 Jon 27/12 EVP Marc 20/4 Cindi EVP, Corporate Management S.South Barnett Flag &Retail Chief J. H. Colony NationsBank, Edwards W.J. Chief Director /Bogan B. Lewis POSITION /Zember &Financial Hortman Secretary Ameris) Carolina Chen
Slide 5: Current Focus: FDIC-Assisted and Traditional M&A, Credit Quality
Current FDIC and Traditional •Continue Aggressively Position Build Gain 2011 T1operating momentum unique Assisted pace capital). Focus Ameris the 3Improving M&A quarter of Company non? value “in? acquisitions leverage Bank –on interest trend migration” and Rapidly Credit loan as todispose from on aR
Slide 6: Diversified Loan Portfolio
Average Loan Commercial C&D Residential C&I Consumer Agriculture •–Total Aggressive Top Diversified In? Loan Low Alabama Inland 3Coastal loans 51,314 house Type $Portfolio 25 124,279 aver participations 81,309 Georgia Loan relationships above Georgia 6,932 Size –age lending 65,415 101,244 5.65 R/E m
Slide 7: C&D and Commercial Real Estate Detail
C&D Spec ?Misc. Owner Commercial Pre?sold Subdivisions Raw Buildable CRE Auto Land Restaurant Comm Misc Strip Warehouse Retail Hotels Apartments Offices $0.0 Average Reduced $10.0 ?agriculture land /Centers Portfolio Dealerships $27.3 /Portfolio $4.5 Properties model Golf /Occupied /$49.3 Motels Res
Slide 8: Credit Quality: Non-Performing Assets Trends
Credit NonPerforming $180 •Investor (1) Classified (2) Values Only Non OREO Cumulative Net Accrual Quality $43.2 Book are sales appropriate million balance require were loans losses loans 87% held of more of are defined accruing for classified of at back discounts. carrying sale 44.2% as toto substa
Slide 9: Cumulative Loss Analysis and Forecast
Analysis and Forecasted cumulative pre? trends tax, shows pre? charge? losses credit thatforAmeris offs earnings remainder of 10% Bank for?11%. of remainder iscycle 80% is through $32.5 of cycle million. theiscurrent $37.5 million. cycle with only small levels of dilution to TBV or capital levels.
Slide 10: Quarterly Performance Update
Firstinterest dollars BALANCE Assets Loans, Tang Tangible Pre?tax, PERFORMANCE Diluted Net Efficiency CREDIT NPAs NCOs Reserves Quarter Common //$2,352 net in Assets Avg earnings pre?credit Book QUALITY /millions, Loans NPLs ratio 1,627 margin SHEET loans Update $2,422 5.21% Value Equity 66.93 per 1
Slide 11: Local Retail Deposit Funding
•Local Retail 20.2% 60.0% 94.9% 18.8% Deposit Funding ?Annualized ?Percentage ?Additional Customers as a %funding of rate ofBank’s deposits total drive of increase through Funding total Profitability in retail funding in retail Deposit Non? oriented deposit through interest Composition transaction s
Slide 12: Additional Consolidation and Earnings Upside
Additional consolidation •earning $5.1 (1) (2) additional $3.2 $37.5 13.6% Ameris Credit million million million asset ?Net expenses revenue Upside Bank (annualized)). yield). reduction of ––Annualized 4net Net branches ofinclude interest Interest accretion, in normalized provision, & savings margin
Slide 13: Strong Pre-Credit Operating Earnings
Strong Pre $14,000 4.08 4.11 4.15 1.70% 3.55 3.73 3.65 ABCB $? 3.30 Q3 Additional consolidation •earning $16.6 (1) (2) additional $3.2 $37.5 13.6% 0.5% Ameris Credit ‘09 Tax, 4.07 $3,500 million million 3.80 Core UBPR Q4 million asset Net 2.5% PreCredit $12,335 expenses revenue Upside ‘09 Bank $7,00
Slide 14: FDIC-Assisted Acquisitions
DIC Assisted American Bank Assets, Deposits, Other Discount Deposit Cash Gain Assets Acquisition /rec’d/(paid) Bank borrowings (Goodwill) stated fair premium bid fair United Bank value date gain 19,645 net Acquisitions value 10/23/09 plus of Jacksonville United 120,994 17,100 262 7,802 12,445 cash 1
Slide 15: Protected Tangible Book Value and M&A Opportunities
Protected Tangible $10 $12 $10.10 $9.44 $9.20 $8 ?Ability 2006 $4 1.75%. effect deals of Consolidation 57 22 33 Institutions •Provides “LossShare” surprises •changes value Number State Georgia Florida South Total Data (1) Potential Remaining size $8.49 Potential Successfully as Institutions 2007 57
Slide 16: SunTrust Robinson Humphrey Financial Services Unconference
SunTrust Robinson Financial Services Unconference Humphrey May 2011
Slide 17: Ameris Bancorp Reports First Quarter 2011 Results
For year Dennis Executive (229) AND April AMERIS March Tangible The total Allowance compared Annualized the “We success recovery,”stated Continued Non-performing accrual OREObalances Mr. conditions. more Hortman first Company’s are assets 26, 890-1111 DECLINE 31, J. loans of ended proud quarter comm
Slide 18: Balance Sheet and Income Trends
during loan $11.4 $35.4 Balance over-year However, from and billion million, annualized Improvement Net compared improvement 5.36% greater to At billion, assets asset be Non-Interest Total the of $554,000 due income. the 1.22% 2010 reinvested March first charge-offs the interest to losses $1.93 of a
Slide 19: Non-GAAP Measures and Forward-Looking Statements
Non-interest increase The the branch 2011, months Ameris accounting Bancorp measures balance understanding effects may of be comparable This Section amended. variations were whether looking results Readers Company’s unusual viewed second Company use news made. compared may of locations Bancorp ended
Slide 20: Financial Highlights
AMERIS FINANCIAL (dollars (unaudited) 90 365 Three Mar. 2011 EARNINGS PER Earnings Cash Stock Book Weighted Basic Diluted Period-end Market High Low Period Average PERFORMANCE Return Earning Total Net Non-interest as Efficiency CAPITAL Stockholders’ EQUITY Tangible Effect Equity OTHER FTE Assets Bra
Slide 21: Income Statement Highlights
AMERIS FINANCIAL (dollars (unaudited) Three Mar. 2011 INCOME Interest Provision Service Mortgage Gain(loss) Gains Noninterest Salaries Occupancy Data FDIC Credit Advertising Amortization Goodwill Other Total Operating Income Preferred Net to Diluted (1)common Includes interest income/(loss) Dec. pro
Slide 22: Balance Sheet Highlights
AMERIS FINANCIAL (dollars (unaudited) Three Mar. 2011 PERIOD-END Cash Assets Investment Loans, Covered Premises Goodwill FDIC Noninterest-bearing Deposits: Liabilities Interest-bearing Federal agreements Subordinated Stockholders’ Preferred Common Capital Retained Accumulated Less Total Other Earnin
Slide 23: Asset Quality Information
AMERIS FINANCIAL (dollars (unaudited) Three Mar. 2011 ASSET Allowance Balance Acquired Provision Ending As Charge-offs Commercial, Recoveries Real Consumer Other———- Non-accrual Foreclosed Accruing Total Non-performing Net Asset During assisted acharge charge-off charge-offs percentage Estate—Reside
Slide 24: Average Balances
AMERIS FINANCIAL (dollars (unaudited) Three Mar. 2011 AVERAGE Interest Investment Loans Noninterest NOW MMDA Savings Retail Brokered FHLB Subordinated Federal under Other Total Dec. 2010 Earning Deposits Non-Deposit Funding investments agreements borrowings———- Months accounts CDs 1,902,091 advances
Slide 25: Interest Income/Expense
AMERIS FINANCIAL (dollars (unaudited) Three Mar. 2011 Federal Interest Investment Loans INTEREST Non-interest NOW MMDA Savings Retail Brokered FHLB Subordinated Repurchase Correspondent Total Net Interest Dec. 2010 Earning Deposits Non-Deposit Funding Months accounts CDs (TE) advances funds bearing
Slide 26: Yields
AMERIS FINANCIAL (dollars (unaudited) Three Mar. 2011 YIELDS Federal Investment Loans Noninterest NOW MMDA Savings Retail Brokered FHLB Subordinated Repurchase Correspondent Total Net Interest Rateinterest calculated Dec. 2010 Earning Deposits Non-Deposit funding Months accounts CDs 6.19% advances f
Slide 27: Reconciliation of Core Pre-tax Pre-provision Earnings
AMERIS FINANCIAL (dollars (unaudited) Core Pre-tax Provision Interest Plus: Gains Other Pretax, Three Mar. Total Less: Gains/(Losses) Problem Costs Severance (Gains)/Losses FDIC Recurring Dec. Earnings Credit Non-recurring Costs Credit-Related Operating Non-recurring Credit associated non-recurring
Ameris Bancorp — SunTrust Robinson Humphrey Financial Services Unconference May 2011 on 6ix