InBankShares Corporation · OTC:INBC
InBankShares — Investor Presentation (February 2025)
29 slides from InBankShares's investor presentation, February 2025
Slide 1: Investor Presentation 4th Quarter 2024
INVESTOR PRESENTATION INBANKSHARES, CORP 4 Quarter 2024 th
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,
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
Slide 4: INBC Timeline
INBC Timeline Invest for Growth Execution of Growth Strategy Expansion and Scale 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 associates
Slide 5: 4Q'2024 Highlights
4Q’2024 Highlights Net income of $3.4 million compared to $2.6 million for the linked quarter, and $594,000 million for 4Q’2023 Earnings Earnings per share (“EPS”) of $0.29, up 32% compared to $0.22 for the linked quarter, and $0.05 for 4Q’2023 PPNR1 of $4.4 million, compared to $3.7 million f
Slide 6: Earnings Performance
Earnings Performance Trailing Five Quarters Annual $5,000 $0.35 $17,500 $1.00 $4,500 $0.87 $0.30 $15,000 $0.84 $0.29 $4,000 $0.75 $0.75 $12,500 $3,500 $0.25 $0.22 $10,000 $ In Thousands $ In Thousands $3,000 $0.50 $0.20 $0.20 $2,500 $7,500 $0.36 $0.16 $0.15 $2,000 $0.25 $5,000 $0.18 $1,500 $0.10 $2,
Slide 7: Loan Growth
Loan Growth Total Loans Held for Investment (HFI) Total Loans HFI of $914.5 million $1,000,000 $940,815 Total Loans HFI growth of $12.4 million, or 1.4%, for the $902,141 $914,508 trailing one-year period $900,000 Loans HFI decreased $26.3 million, or 2.8%, during the quarter $ In Thousands $8
Slide 8: Diverse Loan Portfolio
Diverse Loan Portfolio Loans held for investment at 12/31/2024: $914.5 million CRE I & CRE II ratios: 38.8%, 270.5% C&I and CRE-OO combined represent ~40% of portfolio Loan Mix Loans by Market Construction Other Colorado 7% Farm 11% C&I 3% 22% 1-4 Family Colorado Springs 8% 5% New Mexico Multi
Slide 9: Deposit Growth
Deposit Growth Total Deposits Total deposits of $1.13 billion $1,400,000 Deposits decreased $28.2 million, or 2.4%, for the trailing $1,157,458 $1,161,346 $1,129,209 $1,200,000 one-year period $1,000,000 Deposits decreased $32.1 million, or 2.8%, during the quarter $ In Thousands $800,000 $600
Slide 10: Strong Core Deposit Base
Strong Core Deposit Base Deposits at 12/31/2024: $1.13 billion 30.1% Noninterest bearing deposits Deposit Mix Deposits by Market Retail Time 8% Other Colorado 13% Jumbo Time 6% Noninterest DDA 30% Colorado Springs Brokered 6% 9% Denver MSA 39% New Mexico 20% Interest Checking MMDA & Savings 15%
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 $450 $160,000 $400 $140,000
Slide 12: NIM, Loan Yield, and Cost of Funds
NIM, Loan Yield, and Cost of Funds 7.00% 6.29% MRQ NIM of 3.70%, up 11 bps compared to 3.59% for 6.00% 3Q’2024 5.49% 5.00% 5.00% 4.50% Cost of funds of 2.21%, a decrease of 15 bps from the linked 3.93% quarter and an increase of 25 bps from 4Q’2023 4.00% 3.59% 3.56% 3.58% 3.57% 3.59% 3.70% 3.53%
Slide 13: Scale and Efficiency
Scale and Efficiency Average Assets per Employee Efficiency Ratio $8,500 100.00% 90.00% $8,065 80.00% $8,000 68.99% 70.00% 66.54% 66.41% 63.00% 60.00% $7,500 $7,273 50.00% 40.00% $7,000 30.00% 20.00% $6,500 10.00% 0.00% 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 $6,000 1Q'23 2Q'23 3Q'23 4Q'23 1
Slide 14: Core Noninterest Income & Expense
Core Noninterest Income & Expense $12,000 Net Overhead Ratio $9,839 3.50% $10,000 $9,431 2.96% 2.93% 3.00% 2.83% 2.82% $8,328 2.64% 2.59% 2.57% 2.59% $8,000 2.50% 2.23% 2.22% 2.14% 2.14% 2.19% 2.15% 2.04% 2.04% $6,000 2.00% 1.50% $4,000 0.92% $2,634 $2,612 1.00% 0.78% 0.78% 0.61% $2,000 $1,340 0.45%
Slide 15: Asset Quality – NPAs and Past Due Loans
Asset Quality – NPAs and Past Due Loans Non-Performing Assets1 Past Due Loans 30-89 Days $14,000 1.00% $25,000 2.50% $12,000 0.80% $20,000 2.00% $10,000 $ In Thousands $ In Thousands 0.60% $15,000 1.50% $8,000 $6,000 0.40% $10,000 1.00% $4,000 0.20% $5,000 0.50% $2,000 $- 0.00% $- 0.00% 1Q'23 2Q'23
Slide 16: Asset Quality – Allowance and Net Chargeoffs
Asset Quality – Allowance and Net Chargeoffs Total Allowance + Purchase Discount Net Chargeoffs $18,000 1.75% $1,250 0.50% 0.45% $16,000 1.58% 1.50% 1.42% $1,000 0.40% $14,000 1.25% $12,000 $ In Thousands $ In Thousands $10,000 1.00% $750 0.30% $8,000 0.75% $6,000 $500 0.20% 0.50% 0.14% $4,000 0.25%
Slide 17: InBank Remains Well-Capitalized
InBank Remains Well-Capitalized InBank Leverage Ratio $1,500,000 12.00% 10.60% 11.00% $1,400,000 10.41% 10.20% 10.28% 10.03% 10.02% 9.66% 9.71% 10.00% $ In Thousands $1,300,000 9.00% $1,200,000 8.00% $1,100,000 7.00% $1,000,000 6.00% 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 Total Assets Tier
Slide 18: INBC Consolidated Tangible Capital
INBC Consolidated Tangible Capital 12/31/2024 Tangible book value per share of $9.20 INBC Tangible Common Equity1 TBV per Share1 $120.0 10.00% $10.00 $9.69 8.84% $108.6 9.00% $9.50 $9.20 $110.0 8.40% 7.24% 8.00% $9.00 $100.0 7.00% $8.50 6.76% $ In Millions 6.00% $8.00 $90.0 $7.33 5.00% $7.50 $79.4 $
Slide 19: 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
Slide 20: 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
Slide 21: 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 21
Slide 22: Contact Information
Contact Information Edward Francis 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 22
Slide 23: Experienced Management Team
Experienced Management Team Edward Francis – Chief Executive Officer Dan Patten – EVP, Chief Financial Officer Ed has over 35 years of banking and financial institution Bo Scott – President, Chief Banking Officer Dan has over 20 years of experience in corporate finance, experience and is Chairman of
Slide 24: Board of Directors
Board of Directors Eric Donnelly – Lead Director Kevin Ahern - Chairman 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 for
Slide 25: Appendix
INBANKSHARES, CORP APPENDIX
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 Twelve Months Ended As of and For the Quarter Ended Dec 31, Dec 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, 2024 2023 2024 2024 2024 2024 2023 Tangible Common
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 Twelve Months Ended As of and For the Quarter Ended Dec 31, Dec 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, 2024 2023 2024 2024 2024 2024 2023 Pre-Provision, P
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 Twelve Months Ended As of and For the Quarter Ended Dec 31, Dec 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, 2024 2023 2024 2024 2024 2024 2023 Core Efficiency
Slide 29: 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 Twelve Months Ended As of and For the Quarter Ended Dec 31, Dec 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, 2024 2023 2024 2024 2024 2024 2023 Adjusted Net Inc