First Internet Bancorp · NASDAQ:INBK
First Internet Bancorp — Shareholder Meeting (May 2015)
27 slides from First Internet Bancorp's shareholder meeting presentation, May 18, 2015
Slide 1: Annual Meeting of Shareholders May 18, 2015
Annual Meeting of Shareholders May 18, 2015
Slide 2: Proposals
a PROPOSALS
Slide 3: Election of Directors Proposal 1
Election of Directors Proposal 1
Slide 4: Advisory Vote to Approve Executive Compensation Proposal
Advisory Vote to Approve Executive Compensation Proposal 2
Slide 5: Ratification of Appointment of Independent Registered Public Accounting Firm Proposal 3
Ratification of Appointment of Independent Registered Public Accounting Firm Proposal 3
Slide 6: Voting
a VOTING
Slide 7: Safe Harbor
Safe Harbor 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,” “exp
Slide 8: 1999: A Revolution in Banking
1999: A Revolution in Banking ▪ First Internet Bank launched in 1999 as the first state - chartered, FDIC - insured Internet bank ▪ Initial offering consisted of consumer checking, savings, CDs, credit cards, and personal loans
Slide 9: First Internet Banking Experience
First Internet Banking Experience ▪ Full suite of online capabilities and mobile apps for consumers and businesses ▪ Technology supports security, productivity, fast response and high - touch service ▪ One click “get started” call to action ▪ Supports growing customer preference for online / mobile
Slide 10: Digital Preference
Digital Preference ▪ Consumers continue to increasingly embrace digital channels to serve their banking needs ▪ According to a recent study, over 25% of North American consumers would consider switching to a bank with no physical locations Sources: Accenture – The Digital Disruption in Banking; Back
Slide 11: Demographics of Digital Banking
Demographics of Digital Banking Sources: Pew Research Center, August 7, 2013; AlixPartners – The Innovation Commitment, May 2014 ▪ According to Pew Research Center, 61% of Internet users bank online and 35% of cell phone users bank using their mobile device ▪ Online and mobile banking users represen
Slide 12: 2015: Evolution of the Revolution
2015: Evolution of the Revolution ▪ Commercial and consumer banking services ▪ Asset class and geographic diversity provides ability to generate top tier balance sheet and revenue growth funded by a loyal, efficient and growing deposit base
Slide 13: Strategic Objectives
Strategic Objectives Asset Growth ▪ Expand asset generation channels to continue growth and increase profitability ▪ Maintain strong asset quality and focus on disciplined risk management Revenue Growth ▪ Drive revenue growth and positive operating leverage ▪ Achieve consistent strong profitability
Slide 14: Asset Growth Strategic Objective
ASSET GROWTH Strategic Objective:
Slide 15: In 2015, we exceeded $1 Billion in assets
Jn 2015, .. we exceeded S1 Billion -** ‘in assets.
Slide 16: Balance Sheet Growth
Balance Sheet Growth $335.2 $358.2 $501.2 $732.4 $767.7 $585.4 $636.4 $802.3 $970.5 $1,035.7 2011 2012 2013 2014 1Q15 Total Loans Total Assets Source: Company data and SNL Financial. Financial data as of March 31, 2015. Peer data represents media value of component companies. SNL Micro Cap US Banks
Slide 17: Evolution of Our Business Loan Portfolio Composition
Evolution of Our Business Loan Portfolio Composition 14% 28% 42% 48% 52% 43% 36% 36% 38% 35% 43% 36% 22% 14% 13% 2011 2012 2013 2014 1Q15 Commercial Residential Real Estate Consumer
Slide 18: Commercial Loan Growth
Commercial Loan Growth $42.3 $72.3 $138.9 $239.6 $272.6 2011 2012 2013 2014 1Q15 $14.3 $55.2 $77.2 $83.9 $12.6 $18.1 $34.3 $38.5 2011 2012 2013 2014 1Q15 Commercial & Industrial Owner-Occupied CRE $3.3 $26.9 $73.3 $111.5 $122.4 Commercial Real Estate Commercial & Industrial Dollar values in millions
Slide 19: Asset Quality
Asset Quality NPAs / Total Assets NPLs / Total Loans Allowance for Loan Losses / NPLs Net Charge-Offs (Recoveries) / Average Loans 2.29% 1.62% 0.90% 0.50% 0.47% 2011 2012 2013 2014 1Q15 2.64% 1.23% 0.37% 0.04% 0.03% 2011 2012 2013 2014 1Q15 64.6% 133.3% 293.0% 1,959.5% 2,592.7% 2011 2012 2013 2014 1
Slide 20: Revenue Growth Strategic Objective
REVENUE GROWTH Strategic Objective:
Slide 21: Record Quarterly Net Income
Record Quarterly Net Income $600 $977 $1,282 $1,465 $2,063 $0.13 $0.22 $0.28 $0.32 $0.46 1Q14 2Q14 3Q14 4Q14 1Q15 Net Income Diluted EPS Quarterly net income dollar values in thousands
Slide 22: Net Interest Margin
Net Interest Margin 2.51% 2.61% 2.68% 2.78% 2.84% 1Q14 2Q14 3Q14 4Q14 1Q15
Slide 23: Growth Brings Economies of Scale
Growth Brings Economies of Scale Dollar values in thousands
Slide 24: Declining Cost of Funds
Declining Cost of Funds $486.7 $530.7 $673.1 $758.6 $821.2 2.03% 1.58% 1.35% 1.18% 1.12% 2011 2012 2013 2014 1Q15 Deposits Cost of Total Interest-Bearing Liabilities Dollar values in millions
Slide 25: Results Strategic Objective
RESULTS Strategic Objective:
Slide 26: Price Performance Comparison
Price Performance Comparison 1 Price performance comparison for January 1, 2012 through May 15, 2015. S ource : SNL Financial
Slide 27: Investor Relations
Investor Relations www.firstinternetbancorp.com investors@firstib.com NASDAQ: INBK
First Internet Bancorp — Shareholder Meeting (May 2015) on 6ix