InBankShares Corporation · OTC:INBC

InBankShares — Q1 2024 Earnings Presentation

28 slides from InBankShares's earnings presentation, May 1, 2024

  1. Slide 1: Investor Presentation 1Q'2024

    Investor Presentation INBANKSHARES, CORP 1Q’2024

  2. Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures

    Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements: This presentation contains, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements preceded by,

  3. Slide 3: Overview of InBankshares, Corp

    Overview of InBankshares, Corp  Emphasis on capturing market share along the Colorado Footprint Front Range, while maintaining dominant market share Metro Markets in Southern Colorado and Northern New Mexico People-centric vs branch-centric The strategy is to be the premier  Focused on developin

  4. Slide 4: INBC Timeline

    INBC Timeline Invest for Growth Execution of Growth Strategy Expansion of Footprint June 2018: Ed Francis and investor group raise $69 July 2019: Staff for growth with the addition of April 2021: CFO, Dan Patten, joins the organization. million of capital and acquire International Bank, a associa

  5. Slide 5: 1Q'2024 Highlights

    1Q’2024 Highlights  Net income of $1.9 million compared to $594,000 for the linked quarter, and $3.1 million for 1Q’2023  Earnings per share (“EPS”) of $0.16 compared to $0.05 for the linked quarter, and $0.27 for 1Q’2023 Earnings  4Q’2023 adjusted net income1 was $2.2 million, or $0.19 per share

  6. Slide 6: Earnings Performance

    Earnings Performance Trailing Five Quarters Annual $5,000 $0.30 $17,500 $1.00 $0.27 $0.84 $4,500 $15,000 $0.75 $0.25 $4,000 $0.22 $0.64 $0.75 $0.21 $12,500 $3,500 $0.20 $10,000 $ In Thousands $ In Thousands $3,000 $0.16 $0.50 $0.36 $2,500 $0.15 $7,500 $2,000 $0.18 $0.25 $5,000 $0.10 $1,500 $2,500 $1

  7. Slide 7: Loan Growth

    Loan Growth Total Loans Held for Investment (HFI)  Total Loans HFI of $934.6 million $1,000,000  Total Loans HFI growth of $35.9 million, or 4.0%, for the $800,000 trailing one-year period  Loans HFI increased $32.4 million, or 3.6%, during the $ In Thousands $600,000 quarter $400,000 $200,000 To

  8. Slide 8: Diverse Loan Portfolio

    Diverse Loan Portfolio  Loans held for investment at 3/31/2024: $934.6 million  CRE I & CRE II ratios: 67.1%, 304.6% LOAN MIX LOANS BY MARKET Consumer & Other 2% Other Colorado Farm 14% C&I Construction 3% 22% 10% Colorado 1-4 Family Springs 9% 7% New Mexico Agriculture Multifamily 3% 2% 5% Denver

  9. Slide 9: Deposit Growth

    Deposit Growth Total Deposits  Total deposits of $1.13 billion $1,400,000  Deposits increased $75.5 million, or 7.2%, for the trailing $1,200,000 one-year period $1,000,000  Deposits decreased $29.3 million, or 2.5%, during the quarter $ In Thousands $800,000 $600,000  Noninterest bearing deposi

  10. Slide 10: Strong Core Deposit Base

    Strong Core Deposit Base  Deposits at 3/31/2024: $1.13 billion  28.3% Noninterest bearing deposits DEPOSIT MIX DEPOSITS BY MARKET Retail Time 7% Jumbo Time Other Colorado 6% 18% Noninterest Brokered DDA Denver MSA 8% 28% 34% Colorado Springs 7% MMDA & New Mexico Interest Savings 19% Boulder Checki

  11. Slide 11: Taking Market Share In a Growing Market

    Taking Market Share In a Growing Market  Emphasis on capturing market share in the Denver and Boulder MSAs and along the Colorado Front Range, Southern Colorado, and Northern New Mexico InBank Deposits - Denver & Boulder MSAs Total Deposit Market - Denver & Boulder MSAs $400 $160,000 $350 $140,000

  12. Slide 12: NIM and Cost of Funds

    NIM and Cost of Funds 5.00% 4.56%  MRQ NIM of 3.53%, compared to 3.58% for 4Q’2023 4.43% 4.50% 4.17% 3.93% 4.00% 3.59% 3.58%  Cost of funds of 2.19%, an increase of 23 bps from the linked 3.56% 3.53% 3.50% quarter and an increase of 103 bps from 1Q’2023 3.00% 2.50%  Total loan yield of 6.06% for

  13. Slide 13: Scale and Efficiency

    Scale and Efficiency Average Assets per Employee and Core NIE1 to Assets Efficiency Ratio $8,500 3.00% 100.00% 90.00% 75.14% $8,000 2.90% 80.00% 71.08% 72.03% 70.00% 2.83% 60.20% $7,500 2.80% 60.00% $7,249 $7,300 50.00% $7,000 2.70% 40.00% 30.00% $6,500 2.60% 20.00% 2.57% 10.00% $6,000 2.50% 0.00% 2

  14. Slide 14: Asset Quality – NPAs and Past Due Loans

    Asset Quality – NPAs and Past Due Loans Non-Performing Assets1 Past Due Loans 30-89 Days $8,000 1.00% $14,000 1.40% $12,000 1.20% 0.80% $6,000 $10,000 1.00% $ In Thousands $ In Thousands 0.60% $8,000 0.80% $4,000 $6,000 0.60% 0.40% $4,000 0.40% $2,000 0.20% $2,000 0.20% $- 0.00% $- 0.00% 2Q'22 3Q'22

  15. Slide 15: Asset Quality – Allowance and Net Chargeoffs

    Asset Quality – Allowance and Net Chargeoffs Total Allowance + Purchase Discount Net Chargeoffs $20,000 1.75% $400 0.40% 1.60% $350 0.35% $17,500 1.50% 1.33% $300 0.30% $15,000 1.25% $250 0.25% $ In Thousands $12,500 $ In Thousands 1.00% $200 0.20% $10,000 0.14% $150 0.15% 0.75% $7,500 $100 0.10% 0.

  16. Slide 16: InBank Remains Well-Capitalized

    InBank Remains Well-Capitalized InBank Leverage Ratio2 $1,500,000 12.00% 10.54% 10.20% 10.02% 9.66% 9.71% 10.03% 9.79% $1,250,000 9.44% 10.00% $1,000,000 8.00% $ In Thousands 1 $750,000 6.00% InBank Capital Ratios 1Q'24 2 Tier 1 Leverage Ratio 10.02% Common Equity Tier 1 Capital Ratio 11.90% Tier 1

  17. Slide 17: INBC Consolidated Tangible Capital

    INBC Consolidated Tangible Capital 3/31/2024 Tangible book value per share of $8.26 INBC Tangible Common Equity1 TBV per Share1 $100.0 $97.0 10.00% $10.00 $8.87 $90.0 9.00% $9.00 $8.34 $79.4 $7.97 $8.26 $80.0 8.00% 7.99% $8.00 $7.33 7.44% $70.0 $63.8 7.00% $7.00 $6.84 $ In Millions $60.0 6.00% $6.00

  18. Slide 18: Focused on Culture

    Focused on Culture Our Mission: To Positively Impact the Lives of Our Customers, Communities and Associates Our Vision: We reinvent relationship banking by delivering an exceptional customer experience. Our devoted associates and loyal customers are the foundation of our success. COMMITMENT INNOVATI

  19. Slide 19: Strategic Pillars

    Strategic Pillars Customer WOW! Thriving Culture Growth Mindset Make it Better Own the Risk Think Big Exceed Enhance Win Drive Empowered Act • Exceed customer • Enhance • Win market • Drive value by • Empowered to • Take action expectations InBank’s share through making it easier identify risk to bu

  20. Slide 20: Why Invest in InBankshares?

    Why Invest in InBankshares? Strong Colorado- granular core Proven and headquartered deposit base dedicated high company caliber team Capturing Focused on market share Building long building in growth term advisory shareholder markets based value relationships 20

  21. Slide 21: Contact Information

    Contact Information Edward Francis Chairman, Chief Executive Officer  Email: Edward.Francis@inbank.com  Phone: (720) 907-8130 Dan Patten EVP, Chief Financial Officer  Email: Dan.Patten@inbank.com  Phone: (720) 552-8327 21

  22. Slide 22: Appendix

    INBANKSHARES, CORP APPENDIX

  23. Slide 23: Experienced Management Team

    Experienced Management Team Edward Francis – Chairman, Chief Executive Officer Bo Scott – President, Chief Banking Officer Dan Patten – EVP, Chief Financial Officer Ed has over 35 years of banking and financial institution Dan has over 20 years of experience in corporate finance, Bo has over 25 year

  24. Slide 24: Board of Directors

    Board of Directors Eric Donnelly – Lead Director Kevin Ahern Eric is CEO of Capital Plus Financial which through its holding Kevin is Managing Partner of Brush Creek Partners, a Denver-based company, Crossroads Systems, is the first publicly traded nonbank private equity firm, and the former Chairma

  25. Slide 25: Non-GAAP Measures

    Non-GAAP Measures InBankshares, Corp Non-GAAP Financial Measures (unaudited) (Dollars in thousands, except per share data) As of and For the Quarter Ended Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, 2024 2023 2023 2023 2023 Tangible Common Equity, Tangible Assets, Tangible Common Equity to Tangible Asse

  26. Slide 26: Non-GAAP Measures

    Non-GAAP Measures InBankshares, Corp Non-GAAP Financial Measures (unaudited) (Dollars in thousands, except per share data) As of and For the Quarter Ended Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, 2024 2023 2023 2023 2023 Pre-Provision, Pre-Tax Net Revenue (PPNR) Net income (GAAP) $ 1,877 $ 594 $ 2,47

  27. Slide 27: Non-GAAP Measures

    Non-GAAP Measures InBankshares, Corp Non-GAAP Financial Measures (unaudited) (Dollars in thousands, except per share data) As of and For the Quarter Ended Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, 2024 2023 2023 2023 2023 Core Efficiency Ratio and Core Noninterest Expense to Average Assets Noninterest

  28. Slide 28: Non-GAAP Measures

    Non-GAAP Measures InBankshares, Corp Non-GAAP Financial Measures (unaudited) (Dollars in thousands, except per share data) As of and For the Quarter Ended Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, 2024 2023 2023 2023 2023 Adjusted Net Income, Adjusted Return on Average Assets, and Adjusted Income Per

InBankshares — Q1 2024 Earnings Presentation on 6ix