Atlantic Capital Bancshares, Inc. (ACBI) [Rocket]

Overview

Atlantic Capital Bancshares, Inc. (ACBI)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/10/2023	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
02/10/2023	SC 13G/A	DIMENSIONAL FUND ADVISORS LP reports a 0% stake in Atlantic Capital Bancshares Inc
03/11/2022	15-15D	Form 15-15D - Suspension of duty to report [Section 13 and 15(d)]:
03/11/2022	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]:
03/04/2022	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
03/04/2022	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
03/04/2022	8-K	Quarterly results

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
Revenues	79.8	88.9	84.3	71.8	61.9	45.4	37.9	32.6
Revenue growth	-10.2%	5.4%	17.5%	16.0%	36.3%	19.7%	16.6%
Cost of goods sold	37.4	37.4	34.7	35.6	30.9	26.3	20.3	18.9
Gross profit	42.4	51.5	49.6	36.1	31.0	19.1	17.6	13.6
Gross margin	53.1%	57.9%	58.8%	50.3%	50.1%	42.2%	46.4%	41.9%
Sales and marketing	0.5	0.8	0.7	0.8	1.0	0.4	0.3	0.4
Research and development	3.1	3.2	2.7	2.6	1.9	1.5	1.3	1.1
General and administrative	3.0	3.6	4.3	4.8	3.2	1.8	1.1	1.0
EBITA	27.3	38.7	36.2	20.2	15.2	9.6	11.6	8.7
EBITA margin	34.2%	43.6%	42.9%	28.1%	24.5%	21.2%	30.6%	26.7%
Amortization of intangibles		0.2				0.5
EBIT	27.3	38.5	36.2	20.2	15.2	9.1	11.6	8.7
EBIT margin	34.2%	43.3%	42.9%	28.1%	24.5%	20.1%	30.6%	26.7%
Pre-tax income	27.2	35.8	34.4	19.0	11.8	-0.5	11.4	7.7
Income taxes	4.6	7.6	6.3	23.7	4.2	0.8	3.9	2.5
Tax rate	17.0%	21.3%	18.4%	125.1%	35.8%		33.9%	32.8%
Earnings from continuing ops	22.5	28.2	28.1	-4.8	7.6	-1.3	7.5	5.1
Earnings from discontinued ops		21.7	0.5	1.0	5.8
Net income	22.5	49.9	28.5	-3.7	13.4	-1.3	7.5	5.1
Net margin	28.2%	56.1%	33.8%	-5.2%	21.6%	-2.9%	19.8%	15.8%

Diluted EPS	$1.05	$1.20	$1.07	($0.18)	$0.30	($0.08)	$0.55	$0.38
Shares outstanding (diluted)	21.4	23.5	26.1	25.8	25.2	15.7	13.6	13.5

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.