First Internet Bancorp · NASDAQ:INBK

First Internet Bancorp — Investor Presentation (September 2016)

22 slides from First Internet Bancorp's investor presentation, Sep 14, 2016

1. Slide 1: First Internet Bancorp Investor Presentation Second Quarter 2016

   First Internet Bancorp Investor Presentation Second Quarter 2016 Exhibit 99.1

2. Slide 2: Forward Looking Statement

   Forward Looking Statement 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 “beli

3. Slide 3: Performance Summary

   Performance Summary 3 Strong balance sheet growth has driven increased earnings and consistent growth in tangible book value per share Diluted Earnings Per Share Pre-Tax, Pre-Provision Earnings Tangible Book Value Per Share Total Assets Total Loans Total Deposits $0.28 $0.32 $0.46 $0.50 $0.51 $0.50

4. Slide 4: Corporate Overview

   Corporate Overview Corporate Summary  First Internet Bank launched in 1999  First state-chartered FDIC-insured Internet bank  Headquartered in Fishers, IN with an office in Phoenix, AZ  Industry pioneer in branchless delivery of consumer and commercial banking services  Nationwide deposit and l

5. Slide 5: Strategic Objectives

   Strategic Objectives  Drive revenue growth and positive operating leverage  Achieve consistent strong profitability  Deploy capital in an accretive manner focused on building shareholder value  Capitalize on consumer trends by capturing greater deposit market share among digital banking adopters

6. Slide 6: Corporate Recognition

   6 Corporate Recognition First Internet Bank has been recognized for its innovation and is consistently ranked among the best banks to work for, enhancing its ability to attract and retain top-level talent  TechPoint 2016 Mira Award “Tech-enabled Company of the Year”  Top 10 finalist – 2016 Indiana

7. Slide 7: Consistent Balance Sheet Growth

   Consistent Balance Sheet Growth 7 Execution of the business strategy is driving consistent and sustainable balance sheet growth Total Assets Total Loans Total Deposits Loan Composition $636 $802 $971 $1,270 $1,702 2012 2013 2014 2015 2Q16 Dollars in millions $358 $501 $732 $954 $1,112 2012 2013 2014

8. Slide 8: Five Year Balance Sheet Growth

   Five Year Balance Sheet Growth  Five year balance sheet growth rates far exceed the median rates for similar institutions  INBK growth over this period has been primarily organic as opposed to through acquisitions 8 Source: Company data and SNL Financial; financial data as of June 30, 2016; peer d

9. Slide 9: Earnings and Profitability

   Earnings and Profitability 9 The Company remains focused on driving earnings growth and improving profitability Net Income Net Interest Margin Return on Average Assets Return on Average Tangible Common Equity $1,282 $1,465 $2,063 $2,265 $2,323 $2,278 $2,432 $2,834 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16

10. Slide 10: Strong Revenue and Earnings Growth

    Strong Revenue and Earnings Growth 10 Strong asset generation and re-focused mortgage banking activities combined with disciplined expense management are driving revenue growth and positive operating leverage $7,616 $13,054 $5,785 $7,875 3Q14 2Q16 Net Interest Income + Noninterest Income Noninterest

11. Slide 11: Compelling Valuation

    Compelling Valuation  INBK trades at a significant discount to other micro-cap institutions despite its superior growth profile  The asset generation and revenue growth capabilities are expected to drive earnings per share growth at rates exceeding expectations for the community / regional bank se

12. Slide 12: Loan Portfolio Overview

    Loan Portfolio Overview 12 Dollars in thousands 2013 2014 2Q15 3Q15 4Q15 1Q16 2Q16 Commercial loans Commercial and industrial 55,168$ 77,232$ 89,316$ 89,762$ 102,000$ 106,431$ 111,130$ Owner-occupied commercial real estate 18,165 34,295 39,405 42,117 44,462 47,010 46,543 Investor commercial real est

13. Slide 13: Commercial Real Estate

    Commercial Real Estate Single tenant lease financing overview:  Long term lease financing of single tenant properties occupied by financially strong lessees  Originations / commitments over the past twelve months exceeded $258 million  Nationwide platform provides ability to capitalize on nationa

14. Slide 14: Commercial and Industrial

    Commercial and Industrial Commercial and industrial overview:  Originations / commitments exceeded $77 million over the past twelve months  Primarily serves the borrowing and treasury management needs of small and middle- market businesses  Seasoned banking team leverages market knowledge and exp

15. Slide 15: Residential Mortgage

    Residential Mortgage 15 Last 12 Months of Mortgage Originations – Regional Distribution  Award-winning national online origination platform  Highly efficient application and underwriting process  Sales and marketing efforts re-focused on purchase mortgage business  Full range of residential mort

16. Slide 16: Nationwide Branchless Deposit Franchise

    Nationwide Branchless Deposit Franchise 16 Total Deposits – $1.4 Billion – Regional Distribution As of June 30, 2016  Nationwide consumer, small business and commercial deposit base  Scalable technology and customer convenience supported by exceptional service  Deposit relationships in all 50 sta

17. Slide 17: Deposit Composition

    Deposit Composition  Total deposits increased $532.4 million, or 62.2%, since 2Q15  Treasury management and small business deposits provide a significant opportunity for increasing lower-cost core deposits 17 Total Deposits - $1,388.9 Million As of June 30, 2016 Total Non-Time Deposits - $513.9 Mi

18. Slide 18: Asset Quality

    Asset Quality 18 Asset quality has improved significantly while balance sheet growth has continued on a strong upward trend NPAs / Total Assets NPLs / Total Loans Allowance for Loan Losses / NPLs Net Charge-Offs (Recoveries) / Average Loans 1.62% 0.90% 0.50% 0.37% 0.60% 2012 2013 2014 2015 2Q16 1.23

19. Slide 19: Capital

    Capital 19  Following the initial public offering in late 2013, the Company deployed capital to fund commercial loan growth, driving revenue growth and improved profitability  In 2Q16, the Company raised $22.8 million of common equity to further support its growth  During 4Q15, the Company issued

20. Slide 20: Customer Behavior – Shift to Digital

    Customer Behavior – Shift to Digital  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 20 Sources: Accenture – The Digital Disrup

21. Slide 21: Investment Summary

    Investment Summary  Strong earnings growth and rapidly improving profitability  Demonstrated track record of deploying capital to fuel loan growth while maintaining strong asset quality  Investments in commercial lending platform are producing results  Geographic and credit product diversity pro

22. Slide 22: First Internet Bancorp Second Quarter 2016

    First Internet Bancorp Investor Presentation Second Quarter 2016

First Internet Bancorp — Investor Presentation (September 2016) on 6ix