Exhibit

Total noninterest income improved to $8.9 million in the second quarter of 2016, including the $3.9 million gain on sale of the Eastern Tennessee branches (gross of expenses recorded in noninterest expense). Excluding the gain on sale of branches, noninterest income increased $575,000 to $5.0 million from $4.4 million in the first quarter of 2016. This increase was primarily due to higher gains on the sale of SBA and TriNet loans. During the second quarter of 2016, the SBA division contributed $1.2 million in income compared to $880,000 in the first quarter from the sale of SBA loans and servicing fees on previously sold SBA loans. The TriNet lending division contributed $761,000 in noninterest income during the second quarter compared to $383,000 in the first quarter of 2016.

Statements included in this press release include non-GAAP financial measures and should be read along with the accompanying tables, which provide a reconciliation of non-GAAP financial measures to GAAP financial measures. Atlantic Capital management uses non-GAAP financial measures, including: (i) operating net income; (ii) operating non-interest expense; (iii) operating provision for loan losses, (iv) taxable equivalent net interest margin, (v) efficiency ratio (vi) operating return on assets; (vii) operating return on equity: (viii) tangible common equity and (ix) deposits excluding deposits to be assumed in branch sales, in its analysis of the Company's performance. Operating net income excludes the following from net income available to common shareholders: merger and conversion costs, net gains on branch sales, provision for loan losses for the acquired FSG portfolio, and the income tax effect of adjustments. Operating non-interest expense excludes merger and conversion costs from non-interest expense as well as costs related to the sale of branches. The efficiency ratio excludes merger and conversion costs. Operating provision for loan losses excludes the provision related to loans acquired from FSG. Tangible common equity excludes goodwill and other intangible assets from shareholders' equity.

Management believes that non-GAAP financial measures provide a greater understanding of ongoing performance and operations, and enhance comparability with prior periods. Non-GAAP financial measures should not be considered as an alternative to any measure of performance or financial condition as determined in accordance with GAAP, and investors should consider Atlantic Capital’s performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the results or financial condition as reported under GAAP. Non-GAAP financial measures may not be comparable to non-GAAP financial measures presented by other companies.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “project,” “expect,” “intend,” “plan,” or words or phases of similar meaning. Forward-looking statements may include, among other things, statements about Atlantic Capital’s confidence in its strategies and its expectations about financial performance, market growth, market and regulatory trends and developments, acquisitions and divestitures, new technologies, services and opportunities and earnings. The forward-looking statements are based largely on Atlantic Capital’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond Atlantic Capital’s control. Atlantic Capital undertakes no obligation to publicly update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements as a result of, among other factors, the risks and uncertainties described in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Atlantic Capital’s Annual Report on Form 10-K for the year ended December 31, 2015 and Quarterly Report on Form 10-Q for the period ended March 31, 2016. Please refer to the SEC’s website at www.sec.gov where you can review those documents.



ATLANTIC CAPITAL BANCSHARES, INC.
Selected Financial Information

	2016						2015											For the six months ended June 30,
(in thousands, except share and per share data; taxable equivalent)	Second Quarter			First Quarter			Fourth Quarter				Third Quarter				Second Quarter			2016			2015
INCOME SUMMARY
Interest income ⁽¹⁾	$	22,190		$	21,553		$	18,270			$	10,345			$	10,492		$	43,743		$	20,415
Interest expense	2,907			2,632			2,292				840				911			5,539			1,791
Net interest income	19,283			18,921			15,978				9,505				9,581			38,204			18,624
Operating provision for loan losses ⁽²⁾	777			368			859				(137		)		185			1,145			549
Net interest income after provision for loan losses	18,506			18,553			15,119				9,642				9,396			37,059			18,075
Operating noninterest income	4,995			4,420			3,460				1,729				3,028			9,415			4,210
Operating noninterest expense ⁽³⁾	17,428			17,517			16,067				6,953				7,065			34,945			13,759
Operating income before income taxes	6,073			5,456			2,512				4,418				5,359			11,529			8,526
Operating income tax expense	2,381			2,065			2,117				1,749				1,991			4,446			3,131
Operating net income ⁽²⁾⁽³⁾	3,692			3,391			395				2,669				3,368			7,083			5,395
Provision for acquired non PCI FSG loans	—			—			4,153				—				—			—			—
Merger related expenses, net of income tax	743			460			4,403				443				466			1,203			779
Net gain on sale of branches, net of income tax	2,198			—			—				—				—			2,198			—
Net income (loss) - GAAP	$	5,147		$	2,931		$	(8,161	)		$	2,226			$	2,902		$	8,078		$	4,616

PER SHARE DATA
Diluted earnings (loss) per share - GAAP	$	0.20		$	0.12		$	(0.40	)		$	0.16			$	0.21		$	0.32		$	0.33
Diluted earnings per share - operating ⁽²⁾⁽³⁾	0.15			0.14			0.02				0.19				0.24			0.28			0.39
Book value per share	12.29			11.99			11.79				11.05				10.80			12.29			10.80
Tangible book value per share ⁽⁴⁾	11.01			10.61			10.35				10.95				10.72			11.01			10.72

PERFORMANCE MEASURES
Return on average equity - GAAP	6.88		%	4.02		%	(13.22		)	%	6.08			%	7.99		%	5.47		%	6.43		%
Return on average equity - operating ⁽²⁾⁽³⁾	4.94			4.65			0.64				7.29				9.28			4.79			7.52
Return on average assets - GAAP	0.76			0.45			(1.45		)		0.66				0.84			0.61			0.68
Return on average assets operating ⁽²⁾⁽³⁾	0.54			0.52			0.07				0.79				0.98			0.53			0.79
Taxable equivalent net interest margin	3.12			3.26			3.13				2.93				2.92			3.18			2.89
Efficiency ratio	72.00			75.22			82.79				61.95				56.08			73.58			60.31

CAPITAL
Average equity to average assets	11.01		%	11.13		%	10.98			%	10.85			%	10.53		%	11.07		%	10.54		%
Tangible common equity to tangible assets	9.81			9.69			9.71				10.76				10.60			9.81			10.60
Tier 1 capital ratio	9.9		⁽⁶⁾	9.5			9.8				11.0				10.4			9.9		⁽⁶⁾	10.4
Total risk based capital ratio	12.8		⁽⁶⁾	12.4			12.9				15.5				11.3			12.8		⁽⁶⁾	11.3
Number of common shares outstanding - basic	24,750,163			24,569,823			24,425,546				13,562,125				13,562,125			24,750,163			13,562,125
Number of common shares outstanding - diluted	25,267,803			25,077,520			25,059,823				13,904,395				13,899,659			25,267,803			13,899,659

ASSET QUALITY
Allowance for loan losses to loans held for investment	0.95		%	0.93		%	1.06			%	1.13			%	1.13		%	0.95		%	1.13		%
Net charge-offs to average loans ⁽⁵⁾	—			0.35			0.15				(0.01		)		—			0.17			—
NPAs to total assets	0.07			0.08			0.40				—				—			0.07			—

⁽¹⁾Interest income has been increased to reflect comparable interest on taxable securities. The rate used was 35%, reflecting the statutory federal income tax rate. ⁽²⁾Excludes provision for acquired non PCI FSG loans. ⁽³⁾Excludes merger related expenses. ⁽⁴⁾Excludes effect of servicing asset and acquisition related intangibles. ⁽⁵⁾Annualized. ⁽⁶⁾Amounts are estimates as of 6/30/16.



ATLANTIC CAPITAL BANCSHARES, INC.
Consolidated Balance Sheets (unaudited)

	June 30,			March 31,			December 31,			June 30,
(in thousands, except share and per share data)	2016			2016			2015			2015
ASSETS
Cash and due from banks	$	40,309		$	36,585		$	45,848		$	11,943
Interest-bearing deposits in banks	239,387			91,608			130,900			53,457
Other short-term investments	20,548			32,861			26,137			62,059
Cash and cash equivalents	300,244			161,054			202,885			127,459
Investment securities available-for-sale	328,370			364,422			346,221			140,716
Other investments	22,575			11,899			8,034			4,811
Loans held for sale	29,061			95,291			95,465			1,768
Loans held for investment	1,942,137			1,886,763			1,790,669			1,056,688
Less: allowance for loan losses	(18,377		)	(17,608		)	(18,905		)	(11,985		)
Loans, net	1,923,760			1,869,155			1,771,764			1,044,703
Branch premises held for sale	—			7,200			7,200			—
Premises and equipment, net	21,770			22,780			23,145			3,345
Bank owned life insurance	61,378			60,981			60,608			30,252
Goodwill and intangible assets, net	31,674			33,914			35,232			1,055
Other real estate owned	951			1,760			1,982			27
Other assets	88,039			96,213			86,244			19,131
Total assets	$	2,807,822		$	2,724,669		$	2,638,780		$	1,373,267

LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits:
Noninterest-bearing demand	$	592,043		$	560,363		$	544,561		$	327,775
Interest-bearing checking	231,091			215,176			232,868			115,614
Savings	30,839			29,788			28,922			437
Money market	913,094			862,120			875,441			546,408
Time	178,615			187,750			183,206			16,597
Brokered deposits	212,623			229,408			183,810			96,230
Deposits to be assumed in branch sale	—			197,857			213,410			—
Total deposits	2,158,305			2,282,462			2,262,218			1,103,061
Federal funds purchased and securities sold under agreements to repurchase	14,047			11,824			11,931			30,000
Federal Home Loan Bank borrowings	240,000			60,000			—			85,349
Long-term debt	49,281			49,239			49,197			—
Other liabilities	42,123			26,491			27,442			8,372
Total liabilities	2,503,756			2,430,016			2,350,788			1,226,782

SHAREHOLDERS' EQUITY
Preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2016, March 31, 2016, December 31, 2015, and June 30, 2015	—			—			—			—
Common stock, no par value; 100,000,000 shares authorized; 24,750,163, 24,569,823, 24,425,546, and 13,562,125 shares issued and outstanding as of June 30, 2016, March 31, 2016, December 31, 2015, and June 30, 2015, respectively	289,353			288,270			286,367			136,752
Retained earnings	11,219			6,073			3,141			9,076
Accumulated other comprehensive income (loss)	3,494			310			(1,516		)	657
Total shareholders’ equity	304,066			294,653			287,992			146,485
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	2,807,822		$	2,724,669		$	2,638,780		$	1,373,267



ATLANTIC CAPITAL BANCSHARES, INC.
Consolidated Statements of Income (unaudited)

(in thousands, except per share data)	Three months ended												Six months ended
	June 30, 2016		March 31, 2016		December 31, 2015			September 30, 2015			June 30, 2015		June 30, 2016		June 30, 2015
INTEREST INCOME
Loans, including fees	$	20,282	$	19,625	$	16,688		$	9,423		$	9,500	$	39,907	$	18,451
Investment securities available-for-sale	1,327		1,601		1,224			664			710		2,928		1,413
Interest and dividends on other interest‑earning assets	507		273		328			247			271		780		529
Total interest income	22,116		21,499		18,240			10,334			10,481		43,615		20,393

INTEREST EXPENSE
Interest on deposits	1,841		1,673		1,355			751			769		3,514		1,511
Interest on Federal Home Loan Bank advances	147		44		7			52			117		191		231
Interest on federal funds purchased and securities sold under agreements to repurchase	87		67		10			20			25		154		49
Interest on long-term debt	832		810		841			17			—		1,642		—
Other	—		38		79			—			—		38		—
Total interest expense	2,907		2,632		2,292			840			911		5,539		1,791

NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES	19,209		18,867		15,948			9,494			9,570		38,076		18,602
Provision for loan losses	777		368		7,623			(137		)	185		1,145		549
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	18,432		18,499		8,325			9,631			9,385		36,931		18,053

NONINTEREST INCOME
Service charges	1,392		1,498		1,265			521			501		2,890		827
Gains on sale of securities available-for-sale	11		33		—			10			—		44		—
Gains on sale of other assets	31		48		103			—			—		79		—
Mortgage income	447		339		163			—			—		786		—
Trust income	386		314		192			—			—		700		—
Derivatives income	98		65		89			67			65		163		148
Bank owned life insurance	398		393		365			227			1,336		791		1,567
SBA lending activities	1,204		880		904			745			903		2,084		1,261
TriNet gains on sale	761		383		—			—			—		1,144		—
Gains on sale of branches	3,885		—		—			—			—		3,885		—
Other noninterest income	267		467		379			159			223		734		407
Total noninterest income	8,880		4,420		3,460			1,729			3,028		13,300		4,210

NONINTEREST EXPENSE
Salaries and employee benefits	10,420		10,555		9,661			4,859			4,836		20,975		9,578
Occupancy	1,274		1,100		907			419			423		2,374		844
Equipment and software	724		686		608			243			225		1,410		444
Professional services	760		748		1,020			208			273		1,508		382
Postage, printing and supplies	159		169		115			21			18		328		42
Communications and data processing	694		916		555			313			342		1,610		673
Marketing and business development	317		267		197			90			77		584		123
FDIC premiums	493		398		273			161			189		891		355
Merger and conversion costs	1,210		749		7,172			718			756		1,959		1,264
Amortization of intangibles	668		762		526			—			—		1,430		—
Other noninterest expense	2,224		1,916		2,205			639			682		4,140		1,318
Total noninterest expense	18,943		18,266		23,239			7,671			7,821		37,209		15,023

INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	8,369		4,653		(11,454		)	3,689			4,592		13,022		7,240
Provision for income taxes	3,222		1,722		(3,293		)	1,463			1,690		4,944		2,624
NET INCOME (LOSS)	$	5,147	$	2,931	$	(8,161	)	$	2,226		$	2,902	$	8,078	$	4,616

Net income (loss) per common share‑basic	$	0.21	$	0.12	$	(0.40	)	$	0.16		$	0.21	$	0.33	$	0.34
Net income (loss) per common share‑diluted	$	0.20	$	0.12	$	(0.40	)	$	0.16		$	0.21	$	0.32	$	0.33

Weighted average shares - basic	24,644,755		24,485,900		20,494,895			13,562,125			13,552,820		24,565,328		13,509,441
Weighted average shares - diluted	25,158,694		24,993,597		21,004,577			13,904,395			13,895,090		25,082,968		13,846,975



ATLANTIC CAPITAL BANCSHARES, INC.
Average Balance Sheets and Net Interest Margin Analysis
Selected Financial Information

	Three months ended
	June 30, 2016						March 31, 2016
(dollars in thousands; taxable equivalent)	Average Balance		Interest Income/Expense		Tax Equivalent Yield/Rate		Average Balance		Interest Income/Expense		Tax Equivalent Yield/Rate

Assets
Interest bearing deposits in other banks	$	84,734	$	131	0.62	%	$	63,976	$	173	1.09	%
Other short-term investments	27,777		100		1.45		29,768		99		1.34
Investment securities:
Taxable investment securities	329,237		1,183		1.45		338,880		1,498		1.78
Non-taxable investment securities⁽¹⁾	29,202		218		3.00		18,848		157		3.35
Total investment securities	358,439		1,401		1.57		357,728		1,655		1.86
Total loans	2,000,685		20,281		4.08		1,881,749		19,625		4.19
FHLB and FRB stock	14,642		277		7.61		9,048		1		0.04
Total interest-earning assets	2,486,277		22,190		3.59		2,342,269		21,553		3.71
Non-earning assets	231,833						278,481
Total assets	$	2,718,110					$	2,620,750
Liabilities
Interest bearing deposits:
NOW, money market, and savings	1,173,093		1,256		0.43		1,117,316		1,050		0.38
Time deposits	203,679		189		0.37		267,330		224		0.34
Brokered deposits	220,098		395		0.72		216,490		399		0.74
Total interest-bearing deposits	1,596,870		1,840		0.46		1,601,136		1,673		0.42
Total borrowings	204,231		235		0.46		99,357		149		0.60
Long-term debt	49,254		832		6.79		49,213		810		6.62
Total interest-bearing liabilities	1,850,355		2,907		0.63		1,749,706		2,632		0.61
Demand deposits	538,422						554,547
Other liabilities	30,163						24,691
Shareholders' equity	299,170						291,806
Total liabilities and shareholders' equity	$	2,718,110					$	2,620,750
Net interest spread					2.96	%					3.10	%
Net interest income and net interest margin⁽²⁾			$	19,283	3.12	%			$	18,921	3.26	%

⁽¹⁾ Interest revenue on tax-exempt securities has been increased to reflect comparable interest on taxable securities. The rate used was 35%, reflecting the statutory federal income tax rate.
⁽²⁾ Tax equivalent net interest income divided by total interest-earning assets using the appropriate day count convention based on the type of interest-earning asset.



	Three months ended
	June 30, 2016					March 31, 2016
(dollars in thousands; taxable equivalent)	Amount			Yield		Amount			Yield

Reported interest income on loans	$	20,281		4.08	%	$	19,625		4.19	%
Less: accretion of loan acquisition discounts	(525		)			(886		)
Core interest income on loans	$	19,756		3.97	%	$	18,739		4.01	%

	Amount			Net Interest Margin		Amount			Net Interest Margin

Net interest income / net interest margin	$	19,283		3.12	%	$	18,921		3.26	%
Less:
Accretion of loan acquisition discounts	(525		)			(886		)
Accretion of time deposit premium	(234		)			(308		)
Net interest income / net interest margin excluding purchase accounting	$	18,524		3.00	%	$	17,727		3.05	%



ATLANTIC CAPITAL BANCSHARES, INC.
Average Balance Sheets and Net Interest Margin Analysis
Selected Financial Information

	Six months ended
	June 30, 2016						June 30, 2015
(dollars in thousands; taxable equivalent)	Average Balance		Interest Income/Expense		Tax Equivalent Yield/Rate		Average Balance		Interest Income/Expense		Tax Equivalent Yield/Rate

Assets
Interest bearing deposits in other banks	$	74,355	$	301	0.81	%	$	43,244	$	56	0.26	%
Other short-term investments	28,773		183		1.28		61,206		383		1.26
Investment securities:
Taxable investment securities	334,059		2,681		1.61		134,848		1,372		2.05
Non-taxable investment securities⁽¹⁾	24,025		375		3.14		2,338		63		5.43
Total investment securities	358,084		3,056		1.72		137,186		1,435		2.11
Total loans	1,941,217		39,906		4.13		1,051,770		18,451		3.54
FHLB and FRB stock	11,845		297		5.04		4,606		90		3.95
Total interest-earning assets	2,414,273		43,743		3.64		1,298,012		20,415		3.17
Non-earning assets	255,157						64,845
Total assets	$	2,669,430					$	1,362,857
Liabilities
Interest bearing deposits:
NOW, money market, and savings	1,145,205		2,307		0.41		652,782		1,244		0.38
Time deposits	235,505		413		0.35		16,266		31		0.39
Brokered deposits	218,294		794		0.73		131,724		236		0.36
Total interest-bearing deposits	1,599,003		3,514		0.44		800,772		1,511		0.38
Total borrowings	151,794		383		0.51		110,365		280		0.51
Total long-term debt	49,234		1,642		6.71		—		—		—
Total interest-bearing liabilities	1,800,031		5,539		0.62		911,137		1,791		0.40
Demand deposits	546,485						298,819
Other liabilities	27,427						9,322
Shareholders' equity	295,488						143,579
Total liabilities and shareholders' equity	$	2,669,430					$	1,362,857
Net interest spread					3.02	%					2.77	%
Net interest income and net interest margin⁽²⁾			$	38,204	3.18	%			$	18,624	2.89	%

⁽¹⁾ Interest revenue on tax-exempt securities has been increased to reflect comparable interest on taxable securities. The rate used was 35%, reflecting the statutory federal income tax rate.
⁽²⁾ Tax equivalent net interest income divided by total interest-earning assets using the appropriate day count convention based on the type of interest-earning asset.



ATLANTIC CAPITAL BANCSHARES, INC.
Period End Loans

	2016						2015									Linked Quarter Change			Year Over Year Change
(dollars in thousands)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			Linked Quarter Change			Year Over Year Change

Loans held for sale
Loans held for sale	$	29,061		$	61,003		$	59,995		$	—		$	1,768		$	(31,942	)	$	27,293
Branch loans held for sale	—			34,288			35,470			—			—			(34,288		)	—
Total loans held for sale	$	29,061		$	95,291		$	95,465		$	—		$	1,768		$	(66,230	)	$	27,293

Loans held for investment
Commercial loans:
Commercial and industrial	$	508,516		$	499,634		$	467,083		$	366,830		$	368,857		$	8,882		$	139,659
Commercial real estate:
Multifamily	79,144			81,331			78,778			55,352			58,081			(2,187		)	21,063
Owner occupied	351,419			333,172			320,656			165,210			186,021			18,247			165,398
Investment	431,633			429,094			446,979			219,664			192,898			2,539			238,735
Construction and land:
1-4 family residential construction	9,611			8,540			6,609			—			—			1,071			9,611
Other construction, development, and land	199,536			174,899			159,749			106,934			90,039			24,637			109,497
Mortgage warehouse loans	126,108			123,875			84,350			89,816			113,285			2,233			12,823
Total commercial loans	1,705,967			1,650,545			1,564,204			1,003,806			1,009,181			55,422			696,786

Residential:
Residential mortgages	103,313			106,433			110,381			726			728			(3,120		)	102,585
Home equity	80,321			83,094			80,738			27,186			32,005			(2,773		)	48,316
Total residential loans	183,634			189,527			191,119			27,912			32,733			(5,893		)	150,901

Consumer	29,788			30,905			30,451			18,741			18,462			(1,117		)	11,326
Other	28,168			20,925			6,901			—			—			7,243			28,168
	1,947,557			1,891,902			1,792,675			1,050,459			1,060,376			55,655			887,181
Less net deferred fees and other unearned income	(5,420		)	(5,139		)	(2,006		)	(4,022		)	(3,688		)	(281		)	(1,732		)
Total loans held for investment	$	1,942,137		$	1,886,763		$	1,790,669		$	1,046,437		$	1,056,688		$	55,374		$	885,449



ATLANTIC CAPITAL BANCSHARES, INC.
Allowance for Loan Losses Activity and Credit Quality


	2016								2015
(dollars in thousands)	Second Quarter				First Quarter				Fourth Quarter				Third Quarter				Second Quarter

Balance at beginning of period	$	17,608			$	18,905			$	11,862			$	11,985			$	11,800
Provision for loan losses	777				368				7,623				(137		)		185
Loans charged-off:
Commercial and industrial	(5		)		(1,465		)		—				—				—
Commercial real estate	—				(140		)		(500		)		—				—
Residential mortgages	(2		)		—				—				—				—
Home equity	(23		)		—				—				—				—
Consumer	(38		)		(146		)		(128		)		—				—
Total loans charged-off	(68		)		(1,751		)		(628		)		—				—
Recoveries on loans previously charged‑off:
Construction and land	—				15				—				14				—
Commercial and industrial	—				2				—				—				—
Consumer	60				69				48				—				—
Total recoveries	60				86				48				14				—
Net charge-offs	(8		)		(1,665		)		(580		)		14				—
Balance at period end	$	18,377			$	17,608			$	18,905			$	11,862			$	11,985

Loans held for investment
PCI Loans	$	19,733			$	22,893			$	24,349			$	—			$	—
Non-PCI Loans	1,922,404				1,863,870				1,766,320				1,046,437				1,056,688
	$	1,942,137			$	1,886,763			$	1,790,669			$	1,046,437			$	1,056,688

Non-performing loans - PCI	$	1,082			$	911			$	1,422			$	—			$	—

Non-performing loans - Non-PCI	$	922			$	566			$	8,549			$	—			$	—
Foreclosed properties (OREO)	951				1,760				1,982				27				27
Total nonperforming assets	$	1,873			$	2,326			$	10,531			$	27			$	27

Allowance for loan losses to loans	0.95			%	0.93			%	1.06			%	1.13			%	1.13		%
Net charge-offs to average loans ⁽¹⁾	—				0.35				0.15				(0.01		)		—
Nonperforming loans as a percentage of total loans⁽²⁾	0.05				0.02				0.45				—				—
Nonperforming assets as a percentage of total assets⁽²⁾	0.07				0.08				0.40				—				—

⁽¹⁾Annualized ⁽²⁾Excludes non-performing PCI loans



ATLANTIC CAPITAL BANCSHARES, INC.
Period End Deposits

	2016						2015									Linked Quarter Change			Year Over Year Change
(dollars in thousands)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			Linked Quarter Change			Year Over Year Change

DDA	$	592,043		$	560,363		$	544,561		$	328,065		$	327,775		$	31,680		$	264,268
NOW	231,091			215,176			232,868			135,350			115,614			15,915			115,477
Savings	30,839			29,788			28,922			321			437			1,051			30,402
Money Market	913,094			862,120			875,441			550,879			546,408			50,974			366,686
Time	178,615			187,750			183,206			15,434			16,597			(9,135		)	162,018
Brokered	212,623			229,408			183,810			98,559			96,230			(16,785		)	116,393
Deposits to be assumed in branch sale	—			197,857			213,410			—			—			(197,857		)	—
Total Deposits	$	2,158,305		$	2,282,462		$	2,262,218		$	1,128,608		$	1,103,061		$	(124,157	)	$	1,055,244

Average Deposits⁽¹⁾

	2016						2015									Linked Quarter Change			Year Over Year Change
(dollars in thousands)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			Linked Quarter Change			Year Over Year Change

DDA	$	538,422		$	554,547		$	486,860		$	325,474		$	297,793		$	(16,125	)	$	240,629
NOW	272,556			302,376			254,821			154,776			132,783			(29,820		)	139,773
Savings	35,090			45,571			30,024			425			396			(10,481		)	34,694
Money Market	865,447			769,369			730,582			506,064			527,994			96,078			337,453
Time	203,679			267,330			184,257			15,756			16,528			(63,651		)	187,151
Brokered	220,098			216,490			199,748			98,939			137,839			3,608			82,259
Total Deposits	$	2,135,292		$	2,155,683		$	1,886,292		$	1,101,434		$	1,113,333		$	(20,391	)	$	1,021,959

Noninterest bearing deposits as a percentage of average deposits	25.2		%	25.7		%	25.8		%	29.6		%	26.7		%
Cost of deposits	0.35		%	0.31		%	0.28		%	0.27		%	0.28		%

⁽¹⁾ Includes average balances of deposits to be assumed in branch sale.



ATLANTIC CAPITAL BANCSHARES, INC.
Non-GAAP Performance Measures Reconciliation


(in thousands, except per share data)	2016						2015									For the six months ended June 30,
	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter			2016			2015

Interest income reconciliation
Interest income - taxable equivalent	$	22,190		$	21,553		$	18,270		$	10,345		$	10,492		$	43,743		$	20,415
Taxable equivalent adjustment	(74		)	(54		)	(30		)	(11		)	(11		)	(128		)	(22		)
Interest income - GAAP	$	22,116		$	21,499		$	18,240		$	10,334		$	10,481		$	43,615		$	20,393

Net interest income reconciliation
Net interest income - taxable equivalent	$	19,283		$	18,921		$	15,978		$	9,505		$	9,581		$	38,204		$	18,624
Taxable equivalent adjustment	(74		)	(54		)	(30		)	(11		)	(11		)	(128		)	(22		)
Net interest income - GAAP	$	19,209		$	18,867		$	15,948		$	9,494		$	9,570		$	38,076		$	18,602

Operating provision for loan losses reconciliation
Operating provision for loan losses	$	777		$	368		$	859		$	(137	)	$	185		$	1,145		$	549
Provision for acquired non PCI FSG loans	—			—			6,764			—			—			—			—
Provision for loan losses - GAAP	$	777		$	368		$	7,623		$	(137	)	$	185		$	1,145		$	549

Operating noninterest income reconciliation
Operating noninterest income	$	4,995		$	4,420		$	3,460		$	1,729		$	3,028		$	9,415		$	4,210
Gain on sale of branches	3,885			—			—			—			—			3,885			—
Noninterest income - GAAP	$	8,880		$	4,420		$	3,460		$	1,729		$	3,028		$	13,300		$	4,210

Operating noninterest expense reconciliation
Operating noninterest expense	$	17,428		$	17,517		$	16,067		$	6,953		$	7,065		$	34,945		$	13,759
Merger-related expenses	1,210			749			7,172			718			756			1,959			1,264
Divestiture expenses	305			—			—			—			—			305			—
Noninterest expense - GAAP	$	18,943		$	18,266		$	23,239		$	7,671		$	7,821		$	37,209		$	15,023

Operating income before income taxes reconciliation
Operating income before income taxes	$	6,073		$	5,456		$	2,512		$	4,418		$	5,359		$	11,529		$	8,526
Taxable equivalent adjustment	(74		)	(54		)	(30		)	(11		)	(11		)	(128		)	(22		)
Merger-related expenses	(1,210		)	(749		)	(7,172		)	(718		)	(756		)	(1,959		)	(1,264		)
Divestiture expenses	(305		)	—			—			—			—			(305		)	—
Gain on sale of branches	3,885			—			—			—			—			3,885			—
Provision for acquired non PCI FSG loans	—			—			(6,764		)	—			—			—			—
Income (loss) before income taxes - GAAP	$	8,369		$	4,653		$	(11,454	)	$	3,689		$	4,592		$	13,022		$	7,240

Income tax reconciliation
Operating income tax expense	$	2,381		$	2,065		$	2,117		$	1,749		$	1,991		4,446			3,131
Taxable equivalent adjustment	(74		)	(54		)	(30		)	(11		)	(11		)	(128		)	(22		)
Merger related expenses, tax benefit	(467		)	(289		)	(2,769		)	(275		)	(290		)	(756		)	(485		)
Divestiture expenses, tax benefit	(118		)	—			—			—			—			(118		)	—



ATLANTIC CAPITAL BANCSHARES, INC.
Non-GAAP Performance Measures Reconciliation


(in thousands, except per share data)	2016								2015												For the six months ended June 30,
	Second Quarter				First Quarter				Fourth Quarter				Third Quarter				Second Quarter				2016				2015

Gain on sale of branches, tax expense	1,500				—				—				—				—				1,500				—
Provision for acquired non PCI FSG loans, tax benefit	—				—				(2,611		)		—				—				—				—
Income tax expense - GAAP	$	3,222			$	1,722			$	(3,293	)		$	1,463			$	1,690			$	4,944			$	2,624

Net income reconciliation
Operating net income	$	3,692			$	3,391			$	395			$	2,669			$	3,368			7,083				$	5,395
Merger related expenses, net of income tax	(743		)		(460		)		(4,403		)		(443		)		(466		)		(1,203		)		(779		)
Divestiture expenses, net of income tax	(187		)		—				—				—				—				(187		)		—
Gain on sale of branches, net of income tax	2,385				—				—				—				—				2,385				—
Provision for acquired non PCI FSG loans, net of income tax	—				—				(4,153		)		—				—				—				—
Net income - GAAP	$	5,147			$	2,931			$	(8,161	)		$	2,226			$	2,902			$	8,078			$	4,616

Diluted earnings per share reconciliation
Diluted earnings per share - operating	$	0.15			$	0.14			$	0.02			$	0.19			$	0.24			$	0.32			$	0.33
Merger related expenses	(0.03		)		(0.02		)		(0.42		)		(0.03		)		(0.03		)		0.06				0.06
Net gain on sale of branches	0.08				—				—				—				—				(0.10		)		—
Diluted earnings per share - GAAP	$	0.20			$	0.12			$	(0.40	)		$	0.16			$	0.21			$	0.28			$	0.39

Book value per common share reconciliation
Total shareholders’ equity	$	304,066			$	294,652			$	287,992			$	149,809			$	146,485			$	304,066			$	146,485
Intangible assets	(31,674		)		(33,914		)		(35,232		)		(1,259		)		(1,055		)		(31,674		)		(1,055		)
Total tangible common equity	$	272,392			$	260,738			$	252,760			$	148,550			$	145,430			$	272,392			$	145,430
Common shares outstanding	24,750,163				24,569,823				24,425,546				13,562,125				13,562,125				24,750,163				13,562,125
Book value per common share - GAAP	12.29				11.99				11.79				11.05				10.80				12.29				10.80
Tangible book value	11.01				10.61				10.35				10.95				10.72				11.01				10.72

Return on average equity reconciliation
Net income - GAAP	$	5,147			$	2,931			$	(8,161	)		$	2,226			$	2,902			$	8,078			$	4,616
Merger related expenses, net of income tax	743				460				4,403				443				466				1,203				779
Divestiture expenses, net of income tax	187				—				—				—				—				187				—
Gain on sale of branches, net of income tax	(2,385		)		—				—				—				—				(2,385		)		—
Provision for acquired FSG loans, net of income tax	—				—				4,153				—				—				—				—
Operating net income	$	3,692			$	3,391			$	395			$	2,669			$	3,368			$	7,083			$	5,395
Average shareholders' equity	299,170				291,806				246,842				146,430				145,210				295,488				143,579
Return on average equity - GAAP	6.88			%	4.02			%	(13.22		)	%	6.08			%	7.99			%	5.47			%	6.43			%
Return on average equity - operating	4.94				4.65				0.64				7.29				9.28				4.79				7.52

Return on average assets reconciliation
Net income - GAAP	$	5,147			$	2,931			$	(8,161	)		$	2,226			$	2,902			$	8,078			$	4,616
Merger related expenses, net of income tax	743				460				4,403				443				466				1,203				779
Divestiture expenses, net of income tax	187				—				—				—				—				187				—
Gain on sale of branches, net of income tax	(2,385		)		—				—				—				—				(2,385		)		—
Provision for acquired FSG loans, net of income tax	—				—				4,153				—				—				—				—
Operating net income	$	3,692			$	3,391			$	395			$	2,669			$	3,368			$	7,083			$	5,395
Average assets	2,718,110				2,620,750				2,248,614				1,349,997				1,379,150				2,669,430				1,362,857
Return on average assets - GAAP	0.76			%	0.45			%	(1.45		)	%	0.66			%	0.84			%	0.61			%	0.68			%



ATLANTIC CAPITAL BANCSHARES, INC.
Non-GAAP Performance Measures Reconciliation


(in thousands, except per share data)	2016								2015												For the six months ended June 30,
	Second Quarter				First Quarter				Fourth Quarter				Third Quarter				Second Quarter				2016				2015

Return on average assets - operating	0.54				0.52				0.07				0.79				0.98				0.53				0.79

Efficiency ratio reconciliation
Operating noninterest income	$	4,995			$	4,420			$	3,460			$	1,729			$	3,028			$	9,415			$	4,210
Gain on sale of branches	3,885				—				—				—				—				3,885				—
Noninterest income - GAAP	$	8,880			$	4,420			$	3,460			$	1,729			$	3,028			$	13,300			$	4,210
Operating noninterest expense	$	17,428			$	17,517			$	16,067			$	6,953			$	7,065			$	34,945			$	13,759
Merger-related expenses	1,210				749				7,172				718				756				1,959				1,264
Divestiture expenses	305				—				—				—				—				305				—
Noninterest expense - GAAP	$	18,943			$	18,266			$	23,239			$	7,671			$	7,821			$	37,209			$	15,023
Net interest income	19,209				18,867				15,948				9,494				9,570				38,075				18,602
Efficiency ratio	72.00			%	75.22			%	82.79			%	61.95			%	56.08			%	73.58			%	60.31			%

Tangible equity to tangible assets reconciliation
Total shareholders’ equity	$	304,066			$	294,652			$	287,992			$	149,809			$	146,485			$	304,066			$	146,485
Intangible assets	(31,674		)		(33,914		)		(35,232		)		(1,259		)		(1,055		)		(31,674		)		(1,055		)
Total tangible common equity	$	272,392			$	260,738			$	252,760			$	148,550			$	145,430			$	272,392			$	145,430

Total assets	$	2,807,822			$	2,724,669			$	2,638,780			$	1,381,698			$	1,373,267			$	2,807,822			$	1,373,267
Intangible assets	(31,674		)		(33,914		)		(35,232		)		(1,259		)		(1,055		)		(31,674		)		(1,055		)
Total tangible assets	$	2,776,148			$	2,690,755			$	2,603,548			$	1,380,439			$	1,372,212			$	2,776,148			$	1,372,212
Tangible equity to tangible assets	9.81			%	9.69			%	9.71			%	10.76			%	10.60			%	9.81			%	10.60			%

Deposits excluding deposits to be assumed in branch sales
Total deposits	$	2,158,305			$	2,282,462			$	2,262,218			$	1,128,608			$	1,103,061			$	2,158,305			$	1,103,061
Deposits to be assumed in branch sales	—				197,857				213,410				—				—				—				—
Deposits excluding deposits to be assumed in branch sales	$	2,158,305			$	2,084,605			$	2,048,808			$	1,128,608			$	1,103,061			$	2,158,305			$	1,103,061



Contact:	Douglas L. Williams	Patrick T. Oakes
	Chief Executive Officer	Executive Vice President and CFO
	404-995-6051	404-995-6079
	doug.williams@atlcapbank.com	patrick.oakes@atlcapbank.com


•	Net income of $5.1 million, or $0.20 per diluted share; operating net income of $3.7 million, or $0.15 per diluted share.


•	Total loans held for investment increased $55 million, or 2.9%, to $1.94 billion from March 31, 2016.


•	Total deposits, excluding the decrease in deposits resulting from branch sales, increased $74 million, or 3.5%, to $2.16 billion from March 31, 2016.


•	Operating noninterest income increased $575,000, or 13.0%, to $5.0 million compared to the first quarter of 2016.


•	Nonperforming assets totaled 0.04% of total assets as of June 30, 2016, and net charge-offs were less than 0.01% of average loans for the second quarter.


•	Completed the system integration of FSGBank in July 2016.