Atlantic Capital Bancshares, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, net interest income was $20,712,000 compared to $19,283,000 a year ago. Operating income before income taxes was $6,396,000 compared to $6,073,000 a year ago. Operating net income was $4,329,000 compared to $3,692,000 a year ago. Net income was $4,329,000 or $0.17 per diluted share compared to $5,147,000 or $0.20 per diluted share a year ago. Diluted earnings per share – operating was $0.17 compared to $0.15 a year ago. Return on average equity – GAAP was 5.48% compared to 6.88% a year ago. Return on average equity – operating was 5.48% compared to 4.94% a year ago. Return on average assets – GAAP was 0.63% compared to 0.76% a year ago. Return on average assets - operating was 0.63% compared to 0.54% a year ago. Income before provision for income taxes was $6,173,000 compared to $8,369,000 a year ago.

For the six months, net interest income was $40,220,000 compared to $38,204,000 a year ago. Operating income before income taxes was $11,383,000 compared to $11,529,000 a year ago. Operating net income was $7,559,000 compared to $7,083,000 a year ago. Net income was $7,559,000 or $0.29 per diluted share compared to $8,078,000 or $0.31 per diluted share a year ago. Diluted earnings per share – operating was $0.29 compared to $0.28 a year ago. Book value per share as at June 30, 2017 was $12.45 compared to $12.29 a year ago. Tangible book value per share as at June 30, 2017 was $11.47 compared to $11.15 a year ago. Return on average equity – GAAP was 4.88% compared to 5.47% a year ago. Return on average equity – operating was 4.88% compared to 4.79% a year ago. Return on average assets – GAAP was 0.56% compared to 0.61% a year ago. Return on average assets - operating was 0.56% compared to 0.53% a year ago. Income before provision for income taxes was $10,905,000 compared to $13,022,000 a year ago.

Net charge offs for the second quarter 2017 was $49,000 compared to $8,000 a year ago.

The company expects tax rate to be around 36% for the full year 2017.