Atlantic Capital Bancshares (ACBI) has reported a 10.20 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $3.23 million, or $0.13 a share in the quarter, compared with $2.93 million, or $0.12 a share for the same period last year.

Revenue during the quarter went down marginally by 1.93 percent to $22.48 million from $22.92 million in the previous year period. Net interest income for the quarter rose 2.05 percent over the prior year period to $19.25 million. Non-interest income for the quarter fell 12.74 percent over the last year period to $3.86 million.

Atlantic Capital Bancshares has made provision of $0.63 million for loan losses during the quarter, up 72.28 percent from $0.37 million in the same period last year.

Efficiency ratio for the quarter deteriorated to 76.78 percent from 75.22 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.

"Atlantic Capital reported improved results for the first quarter of 2017, with strong growth in demand deposits and an expanded net interest margin, despite weaker than expected loan growth. We've strengthened our banking teams to provide the capacity for resumed loan growth consistent with our plan," explained Douglas Williams, chief executive officer.

Total assets stood at $2,802.08 million as on Mar. 31, 2017, up 2.76 percent compared with $2,726.89 million on Mar. 31, 2016. On the other hand, total liabilities stood at $2,491.11 million as on Mar. 31, 2017, up 2.48 percent from $2,430.87 million on Mar. 31, 2016.

Net loans stood at $1,881.78 million as on Mar. 31, 2017, down 0.68 percent compared with $1,869.16 million on Mar. 31, 2016. Deposits stood at $2,203.04 million as on Mar. 31, 2017, down 3.48 percent compared with $2,282.46 million on Mar. 31, 2016.

Noninterest-bearing deposit liabilities were $606.39 million or 27.52 percent of total deposits on Mar. 31, 2017, compared with $560.36 million or 24.55 percent of total deposits on Mar. 31, 2016.

Investments stood at $485.27 million as on Mar. 31, 2017, up 28.20 percent or $106.73 million from year-ago. Shareholders equity stood at $310.97 million as on Mar. 31, 2017, up 5.05 percent or $14.95 million from year-ago.

Nonperforming assets moved up 151.59 percent or $3.53 million to $5.85 million on Mar. 31, 2017 from $2.33 million on Mar. 31, 2016. Meanwhile, nonperforming assets to total assets was 0.21 percent in the quarter, up from 0.08 percent in the last year period.

Tier-1 leverage ratio stood at 10.50 percent for the quarter, up from 9.50 percent for the previous year quarter. Average equity to average assets ratio was 11.44 percent for the quarter, up from 11.13 percent for the previous year quarter. Book value per share was $12.18 for the quarter, up 1.58 percent or $0.19 compared to $11.99 for the same period last year.