Atlantic Capital Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total interest income of $25,137,000 against $22,307,000 a year ago. Net interest income before provision for loan losses was $21,109,000 against $19,278,000 a year ago. Net interest income after provision for loan losses was $20,827,000 against $17,070,000 a year ago. Income before provision for income taxes was $3,801,000 against $2,725,000 a year ago. Net loss was $15,337,000 against profit of $1,609,000 a year ago. Net loss per diluted share was $0.59 against earnings of $0.06 a year ago. Net interest income - taxable equivalent was $21,322,000 against $19,501,000 a year ago. Operating income before income taxes was $4,014,000 against $3,152,000 a year ago. Operating net income was $2,061,000 against $3,230,000 a year ago. Diluted earnings per share – operating were $0.08 against $0.07 a year ago. Return on average assets was negative 2.24% against positive return on average assets of 0.24% a year ago. Return on average equity was negative 18.66% against positive return on average equity of 2.09% a year ago. Return on average equity operating was 0.30% against 0.25% a year ago. Return on average assets operating was 2.51% against 2.25% a year ago.

For the year, the company reported total interest income of $96,271,000 against $88,217,000 a year ago. Net interest income before provision for loan losses was $81,142,000 against $76,708,000 a year ago. Net interest income after provision for loan losses was $77,924,000 against $72,892,000 a year ago. Income before provision for income taxes was $20,648,000 against $21,344,000 a year ago. Net loss was $3,726,000 against profit of $13,395,000 a year ago. Net loss per diluted share was $0.14 against earnings of $0.53 a year ago. Net interest income - taxable equivalent was $82,048,000 against $77,192,000 a year ago. Operating income before income taxes was $21,554,000 against $20,990,000 a year ago. Operating net income was $13,672,000 against $12,882,000 a year ago. Diluted earnings per share – operating was $0.53 against loss of $0.51 a year ago. Tangible book value per share was $11.05 against $11.05 a year ago. Book value per common share was $11.99 against $12.10 a year ago. Negative Return on average assets was 0.14% against positive return on average assets of 0.49% a year ago. Negative return on average equity was 1.17% against positive return on average equity of 4.44% a year ago. Return on average equity operating was 4.29 against 4.27% a year ago. Return on average assets operating was 0.50% against 0.48% a year ago.

The company estimates the 2018 effective tax rate to be approximately 20%. The company expects significant improvement in operating performance in 2018.

The company anticipates the consolidation of two branches in chattanooga, tennessee during the first quarter of 2018.