Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Q1 2012 Earnings Presentation
19 slides from Ameris Bancorp's earnings presentation, Jun 20, 2012
Slide 1: First Quarter 2012 Investor Presentation
Exhibit 99.1 First Quarter 2012 Investor Presentation
Slide 2: Cautionary Statements
Cautionary Ameris Company’s periods financial in measures. useful This 1934, which that 2aassummary accordance a any result presentation as inand they Bancorp such amended. their performance The ofof were Statements operations demonstrate various forward-looking certain with evaluation Company (the
Slide 3: Corporate Profile
3•Corporate Approximately Assets Founded Historically Recent Four state –growth $3.0 Profile infootprint 1971 grown billion through 830 asthrough with FTEs the Loans de American 67managing novo –acquisitions offices $2.0 expansion Banking billion 200,000 ofDeposits strategy smaller Company core cust
Slide 4: Experienced Management Team
Experienced Name, (Banking Experience Previous Edwin Chief Colony 31/13 Andrew Barnett 35/2 Dennis Flag 18/6 Jon EVP NationsBank, 27/12 Stephen Columbus 31/1 Cindi Officer 35/35 T. EVP, Whitney 7/1 4Management Stan S.Financial & Chief Executive H. Edwards W. Position Limerick J. at Chief Bank, Bankc
Slide 5: Current Position and Strategies
Current Position Realize 5•Continue Traditional FDICoperating Build Gain Continue Reducemomentum unique Assisted the Focus Ameris credit-related Improving to positive M&A manage non-interest Bank acquisitions leverage –on impacts Credit Rapidly strategies as growing operating afrom Consolidator line
Slide 6: First Quarter Update
First dollars BALANCE Assets Loans, Tang Tangible Pre-tax, PERFORMANCE Revenue OPEX as Diluted Net Efficiency CREDIT NPAs Classified Reserves 6(1)aExcludes interest percentage Quarter Common / (ex $2,918 net in Assets earnings pre-credit Book (ex QUALITY /millions, Assets Loans NPLs credit ratio 1,8
Slide 7: Earnings: Short-term Earnings Improvement
Earnings Short-term 40,035 85,803 220,016 172,020 194,172 1Q Transition •Pickup Balance 498,432 142,409 71,205 7712,046 After Majority Cash Reshuffling Loan Some 2012flows tax generation Legacy Covered S/T in loan Type Total Traditional FDIC Covered S/T Loans Investments was Growth net into of picku
Slide 8: Earnings Growth: Non-Interest Income
Earnings Growth Non-Interest Non-Interest 1.50% Income to Assets Income 1.25% 1.00% 0.94% 0.88% 0.82%0.92% 0.83% 0.83% 0.82% 0.75% 0.81% 0.81% 0.50% 1Q Serious •Significant 1,600 Moving Researching Momentum Believe Still Current Hiring Larger 2010hiring about experienced volume 3Q we retail away gro
Slide 9: Earnings: Revenue Growth
Earnings 9•Revenue 15.0%revenue Revenue Significant 27.4%—CGR 23.6%—CGR 7.8%—CGR 2011 2012-2015 Diversification Protect compounded our growth Growth hasstrategy amount advantage grown for gains for through of Continued analysis mortgage debit revenue of boosted demands: twice annual from assets inte
Slide 10: Earnings: Operating Expense and Corporate Facts
5Earnings SAD Corporate FDIC M&A •Non-provision 10 $5.2 Incorporated Headed $4.1 Our Believe $24.7 Facts department M&A core Insurance opportunities million million that Growth by we functions processor Point strategy business can in reduction 9credit inis acquisitions annualized integrate fully Ope
Slide 11: Local Deposit Franchise
Local •Drive $1,200,$1,000,$800,$600,$400,1Q 15.0%, Deposits % Deposit DDA,17%, “Zero” 11 40.7%—Growth 63.2%—Percentage 98.0%—Percentage of total Deposit Profitability cost 25.0%, Composition costing funding MMDA,23%, deposits Customers 35.0%, less rate &include –Long than –of3/30/12 in 34%, 3/31/12
Slide 12: Strong Pre-Tax, Pre-Credit Earnings Power
Strong Pre-Tax, $18,000 $9,588 PTPP Net 4.70 4.11 ABCB Earnings •management (1) (annualized)) 12 TRUPs 28.3% 17.8% Credit Interest 4.08 4.30 ROA Core Net $13,864 -$12,000 Pre-Credit Power Average 4.21 3.90 Net expenses Interest Margin(2) Operating believes reduction 4.48 3.50 1.66% $6,000 Growth Mar
Slide 13: Adequate and Stable Capital Strength
Adequate Stable 11.00 $9.94 Significant 20.00% 13.38% 9.26% •Tier (1) 13 Additional 9.51% 7.95% 8.7% Successfully Tangible 1 9.00 $9.43 Risk Tangible 12.19% increase 16.00% 18.08% - Proforma Proforma for 7.00 Capital Based $9.35 growth book TARP earned 12.01% in 1Q Book 12.00% 18.01% value Capital T
Slide 14: Leading FDIC-Assisted Acquisitions
FDIC-Assisted Leading Acquisition Bank Date American United Satilla First Tifton Darby One High Central •1,811,966 14 Line Self-capitalizing Serious Georgia Bank Premium Trust Assets, of Banking Bank Community Security Bank the business about United 1,501,574 of Bank Deposit nation &Bank FV Jacksonv
Slide 15: Potential M&A Opportunities
Potential (data “Loss-Share” 137 Traditional 170 •148 (1) under 15 Average These Majority Intense 20% Some Credit Similar Banks 130 159 145 162 for $2 ofimprovement banks marks 90 155 120 156 banks regulatory all billion. in Consolidation Tier assets in remaining M&A 50 average banks Ga, 151 95 158
Slide 16: Loan Portfolio Detail
Average Loan Commercial C&D •Total Covered 16 Aggressive Top Diversified Inland 5In-house Loan Low loans Type $Portfolio 25 107,866 average participations 80,789 Georgia Loan relationships 34% greater lending Size R/E management loan Agriculture 5.43 5.68% loan Detail Average than –$portfolio limit
Slide 17: C&D and CRE Loan Portfolio Data
C&D •CRE Data Misc. Pre-sold $2.0 $24.3 Land/ Hotels/ $39.6 $0.0 Pass 17 Average C&D Reduced 38% 50% $0.0 $4.0 $5.0 Grade as Portfolio and Portfolio $2.1$33.6 $7.0 Spec/model Golf ofONLY Motels ofhomes all our $2.1 $0.0 $10.0 LTV CRE 3/31/12; exposure $42.4 Courses Classified 2011 CRE 6% $0.2 $5.7 (
Slide 18: Credit Trends and OREO Breakdown
Credit Trends •OREO Breakdown 100 Q1’10 RRE Subdiv CML AGRE 18 Values 1Q75 NPLs In-migration 2012 Land, Land Properties, Quality Q2’10 Land in 50 & down are NPA’s lots, 25 Disposal $8.50, $10.20, of appropriate $0.30, 043% Q4’10 of OREO Substantial $6.10, $90 $10.00, new 23% from 28% $30 1% activity
Slide 19: Credit In-Migration
Credit In-Migration •2012 Conservative $102.1 $180 $49.8 $30.5 Classified—Accruing 45%quarter 4th Management Only Non- Original over $43.5 $0 Decline Cycle $32.8 Accrual $90Appraisal 2011 2011 million of Carrying –anticipates loans levels, New In-migration increase Current of held Problem 62.7% Valu