First Internet Bancorp · NASDAQ:INBK

First Internet Bancorp — Q4 2015 Earnings Presentation

21 slides from First Internet Bancorp's earnings presentation, Mar 3, 2016

1. Slide 1: First Internet Bancorp Investor Presentation Fourth Quarter 2015

   First Internet Bancorp Investor Presentation Fourth Quarter 2015 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: 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

4. Slide 4: Differentiated Business Model

   Differentiated Business Model  Nationwide consumer banking provider  Proven online / mobile retail deposit platform using scalable technology backed by exceptional customer service  Low cost delivery channel creates customer value through competitive rates and low fees  Commercial banking franch

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: Improving Performance

   Improving Performance 6 The Company’s focus on enhancing profitability resulted in continued performance improvement since early 2014 Diluted Earnings Per Share Net Interest Margin Return on Average Assets Return on Average Tangible Common Equity $0.13 $0.22 $0.28 $0.32 $0.46 $0.50 $0.51 $0.50 1Q14

7. Slide 7: Strong Revenue and Earnings Growth

   Strong Revenue and Earnings Growth 7 Strong asset generation and re-focused mortgage banking activities combined with disciplined expense management are driving revenue growth and positive operating leverage Net Income Net Interest Income Noninterest Income Noninterest Expense $4,866 $5,373 $5,673 $

8. Slide 8: Consistent Balance Sheet Growth

   Consistent Balance Sheet Growth 8 Execution of the business strategy is driving consistent and sustainable balance sheet growth Total Assets Total Loans Total Deposits Loan Composition $585.4 $636.4 $802.3 $970.5 $1,269.9 2011 2012 2013 2014 2015 Dollars in millions $335.2 $358.2 $501.2 $732.4 $953.

9. Slide 9: 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 9 Source: Company data and SNL Financial; financial data as of December 31, 2015; pe

10. Slide 10: 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 $220 million  Nationwide platform provides ability to capitalize on nationa

11. Slide 11: Commercial and Industrial

    Commercial and Industrial Commercial and industrial overview:  Originations / commitments exceeded $86 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

12. Slide 12: Residential Mortgage

    Residential Mortgage 12 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

13. Slide 13: Nationwide Branchless Deposit Franchise

    Nationwide Branchless Deposit Franchise 13 Total Deposits – $956.1 Million – Regional Distribution As of December 31, 2015  Nationwide consumer, small business and commercial deposit base  Scalable technology and customer convenience supported by exceptional service  Deposit relationships in all

14. Slide 14: Deposit Composition

    Deposit Composition  Total deposits increased 26.0% since 4Q14 while the cost of funds declined 4 bps year- over-year  Treasury management and small business deposits provide a significant opportunity for increasing lower-cost core deposits 14 Total Deposits - $956.1 Million As of December 31, 201

15. Slide 15: Asset Quality

    Asset Quality 15 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 2.29% 1.62% 0.90% 0.50% 0.37% 2011 2012 2013 2014 2015 2.64

16. Slide 16: Capital

    Capital 16  Following the equity offering in late 2013, the Company has deployed capital to fund commercial loan growth, driving revenue growth and improved profitability  During 4Q15, the Company issued $10 million in subordinated notes (tier 2 capital) to further support its strong organic asset

17. Slide 17: First Internet Banking Experience

    17 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 / mobil

18. Slide 18: 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 18 Sources: Accenture – The Digital Disrup

19. Slide 19: Demographics of Digital Banking

    19 Demographics of Digital Banking  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 represent attractive demographic segments  Additional research shows that digitally oriented consumer

20. Slide 20: 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

21. Slide 21: First Internet Bancorp Fourth Quarter 2015

    First Internet Bancorp Investor Presentation Fourth Quarter 2015

First Internet Bancorp — Q4 2015 Earnings Presentation on 6ix