Attached files
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| 8-K - 8-K - First Internet Bancorp | inbk-2017annualmeetingpres.htm |
Annual Meeting
of Shareholders
May 15, 2017
Exhibit 99.1
PROPOSALS
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Election of Directors
Proposal 1
3
Advisory Vote to Approve
Executive Compensation
Proposal 2
4
Ratification of Appointment
of Independent Registered
Public Accounting Firm
Proposal 3
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VOTING
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Company Update
May 15, 2017
This presentation may contain forward-looking statements with respect to the
financial condition, results of operations, plans, objectives, future performance
or business of the Company. Forward-looking statements are generally
identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,”
“intend,” “estimate,” “consider,” “may,” “will,” “would,” “could,” “should” or other
similar expressions. Forward-looking statements are not a guarantee of future
performance or results, are based on information available at the time the
statements are made and involve known and unknown risks, uncertainties and
other factors that could cause actual results to differ materially from the
information in the forward-looking statements. Factors that may cause such
differences include: failures of or interruptions in the communications and
information systems on which we rely to conduct our business; failure of our
plans to grow our commercial real estate, commercial and industrial, and public
finance loan portfolios; competition with national, regional and community
financial institutions; the loss of any key members of senior management;
fluctuations in interest rates; general economic conditions; risks relating to the
regulation of financial institutions; and other factors identified in reports we file
with the U.S. Securities and Exchange Commission. All statements in this
presentation, including forward-looking statements, speak only as of the date
they are made, and the Company undertakes no obligation to update any
statement in light of new information or future events.
Safe Harbor
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Who We Are
First Internet Bank launched in 1999
First state-chartered, FDIC-insured Internet bank
Industry pioneer in branchless delivery of
consumer and commercial banking services
Headquartered in Fishers, IN with a loan
production office in Phoenix, AZ
Experienced management team
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2016 in Review
Strong loan growth
Revenue growth
Positive operating leverage
Disciplined risk management
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2016 in Review
Strong loan growth
Revenue growth
Positive operating leverage
Disciplined risk management
$53.8 million
Revenue in 2016
32%
Increase over prior year
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2016 in Review
Strong loan growth
Revenue growth
Positive operating leverage
Disciplined risk management
$22.3 million
1
Pre-provision, pre-tax income
43%
Increase over prior year
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1 Non-GAAP financial measure; reconciled as follows: full year 2016 net income of $12.1
million plus full year 2016 income tax provision of $5.9 million plus full year 2016 provision for
loan losses of $4.3 million. For further information on the full year amounts, see the
Consolidated Statements of Income on page F-4 of the Company’s Annual Report on 10-K
for the year ended December 31, 2016.
2016 in Review
Strong loan growth
Revenue growth
Positive operating leverage
Disciplined risk management
15 bps
Net charge-offs / average loans
46 bps
(U.S. Commercial Banks1)
1 Source: SNL Financial
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FIRST LOOK
Focused on the Future
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Driving to $3 Billion in Total Assets
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With Growth, Expanded Net Interest Income
YOY Growth
1Q17 v 1Q16
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38%
Loans
25%
Net Interest
Income
With Growth, Improved Economies of Scale
$9.4M
1Q16
$10.3M
1Q17
2.08%
1Q16
1.85%
1Q17
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With Growth, Created Shareholder Value
1 Year 2 Year 5 Year
NASDAQ Composite Index 7.5% 13.7% 106.6%
SNL Micro Cap US Bank Index 20.7% 31.7% 130.3%
INBK 11.5% 91.2% 413.4%
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Increased liquidity
Increased visibility
in investment
community
Upgraded listing
(NASDAQ Global
Select Market)
Our Growth: Organic
Five-year balance sheet growth rates far exceed
median rates for similar institutions
19
Source: Company data and SNL Financial; financial data as March 31, 2017; peer data
represents median value of component companies. SNL Micro Cap US Banks represent
publicly traded micro cap banks with a market capitalization of less than $250 million; peer
data based on index components as of March 31, 2017.
Components of a Diversified Growth Engine
Contribution to Total 1Q16
Loan Growth of $87 Million
Contribution to Total 1Q17
Loan Growth of $182 Million
2017: Balanced Growth – Reduced CRE Concentration – High Credit Quality
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Growth Opportunities under Consideration
Marketplace lending
Healthcare or other industry-focused lending
Asset-based lending
Specialty finance (equipment, franchise,
lender, trade)
SBA lending
Other niche consumer lending
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Execution
1 Assumes average tangible common equity/tangible assets of 7.50%.
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Investor Relations
www.firstinternetbancorp.com
investors@firstib.com
NASDAQ: INBK
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