UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021. or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the Transition Period From ________ to ________. Commission File Number 001-35750 First Internet Bancorp (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction ...

FIRST INT · . . · Financial Results Fourth Quarter 2021 ® nd and ad ad ad and out all and ad ad ad and Forward-Looking Statements & Non-GAAP Financial Measures 2 This presentation may contain forward-looking statements, including statements with respect to the pending acquisition of First Century Bancorp and its effects on the future performance of the Company and the Bank, the expected timing of completion of the transaction and other statements concerning the financial condition, results of operations, tr ...

Financial Data and Key Metrics Changes - The company reported a record annual net income of $48.1 million for 2021, with diluted earnings per share of $4.82, both up over 60% compared to 2020 [9] - The fully taxable equivalent net interest margin for the year was 2.25%, an increase of 57 basis points from 1.68% in 2020 [9][10] - The return on average assets improved to 1.14%, up 45 basis points from the previous year [10] - The tangible common equity to tangible assets ratio increased to 8.93% at year-end [11][45] Business Line Data and Key Metrics Changes - The company saw strong growth in its SBA platform, with originations particularly strong during the fourth quarter [11] - The franchise finance business unit funded over $18 million in loans since its launch in July 2021, with a target of $115 million in origination volumes for 2022 [12] - Total loans at the end of Q4 were $2.9 billion, down 5.6% from the previous year, with notable growth in franchise finance and construction lending [26] - The company originated $54 million in SBA 7(a) loans during the quarter, with $14 million retained on the balance sheet [27] Market Data and Key Metrics Changes - Overall deposit balances were down modestly from the end of Q3, but non-maturity deposits increased by $51.6 million [29] - The company realized $26 million in deposit interest savings for the full year 2021 [29] - The net interest income for Q4 was $23.5 million, a 12.4% increase compared to Q3 [30] Company Strategy and Development Direction - The company announced a transformational acquisition of First Century Bancorp, which will add four scalable business lines and diversify funding sources [14] - The company plans to invest in fintech partnerships to enhance digital service delivery capabilities and expand its market presence [16][17] - The company aims to position itself as a leading provider in the banking as a service space, leveraging its experience and partnerships [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving loan growth of 10% to 12% for 2022, driven by franchise financing and construction lending [50][54] - The integration of First Century is expected to provide a stable deposit base and enhance overall balance sheet sensitivity to interest rate changes [55][56] - Management anticipates that the upcoming rate hikes will not negatively impact net interest margin due to the changes in the balance sheet and the addition of First Century [73] Other Important Information - The company repurchased 100,000 shares of common stock at an average price of $44.36 as part of its stock repurchase program [46] - The company published its inaugural ESG report in 2021, highlighting its commitments to governance, environmental management, and social responsibility [21] Q&A Session Summary Question: Loan growth outlook - Management forecasts loan growth in the range of 10% to 12% for the year, with franchise financing as a key driver [50][54] Question: Interest rate sensitivity and balance sheet - The integration of First Century is expected to provide a stable deposit base, allowing for better management of interest rate sensitivity [55][56] Question: Expense growth and First Century impact - Management expects a 15% to 17% increase in expenses for 2022, with First Century's costs on top of that [59][62] Question: Homeowners Association (HOA) business outlook - The HOA business is seen as a stable opportunity, with potential for growth through additional integrations and partnerships [80] Question: Non-interest revenue impact from fintech partnerships - Non-interest income is expected to increase through partnerships in banking as a service and enhanced offerings [86]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From ________ to ________. Commission File Number 001-35750 First Internet Bancorp (Exact Name of Registrant as Specified in Its Charter) Indiana 20-3489991 (S ...

First Internet Bancorp (NASDAQ:INBK) Q3 2021 Results Conference Call October 21, 2021 12:00 PM ET Company Participants Larry Clark - Financial Profiles David Becker - Chairman & CEO Ken Lovik - EVP & CFO Conference Call Participants John Rodis - Janney Michael Perito - KBW Brett Rabatin - Hovde Group George Sutton - Craig-Hallum Nathan Race - Piper Sandler Operator Good day, and welcome to the First Internet Bancorp Earnings Conference Call for the Third Quarter of 2021. All participants will be in a listen ...

FIRST IN · · . Financial Results Third Quarter 2021 Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements, including statements with respect to the Company's stock repurchase program and timing and methods of executing the same, the financial condition, results of operations, trends in lending policies and loan programs, plans and prospective business partnerships, objectives, future performance and business of the Company. Forward-looking statements ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From ________ to ________. Commission File Number 001-35750 First Internet Bancorp (Exact Name of Registrant as Specified in Its Charter) Indiana 20-3489991 (State ...

FIRST IN · · ● Investor Presentation Second Quarter 2021 Forward-Looking Statements & Non-GAAP Financial Measures This presentation may contain forward-looking statements with respect to the financial condition, results of operations, trends in lending policies, plans, objectives, future performance or business of the Company. Forward-looking statements are generally identifiable by the use of words such as "anticipate," "believe," "continue," "could," "designed," "estimate," "expect," "intend," "may," "opt ...

FIRST IN · · . Financial Results Second Quarter 2021 Forward-Looking Statements & Non-GAAP Financial Measures This presentation may contain forward-looking statements with respect to the financial condition, results of operations, trends in lending policies, plans, objectives, future performance or business of the Company. Forward-looking statements are generally identifiable by the use of words such as "anticipate," "believe," "continue," "could," "designed," "estimate," "expect," "intend," "may," "optimis ...

Financial Data and Key Metrics Changes - The company reported record net income of $13.1 million and diluted earnings per share of $1.31, including a $2.5 million pretax gain on the sale of its corporate headquarters [9][27] - Adjusted net income was $11.1 million, marking a 182% increase in net income and a 178% increase in earnings per share compared to Q2 2020, with adjusted total revenue up 45% [11][27] - The adjusted return on average assets was 1.06%, and the tangible common equity to tangible assets ratio increased by 31 basis points to just over 8.4% [10][50] Business Line Data and Key Metrics Changes - The national SBA platform generated $3 million in gain on sale revenue, significantly up from the first quarter, with expected gain on sale revenue for the full year between $13 million to $14 million [12][19] - Total loan balances decreased by over $100 million, primarily due to elevated prepayment activity in health care finance and single-tenant leasing portfolios [13][30] - Construction lending funding balances increased over 50% year-over-year, with unfunded commitments totaling $159 million, a 39% increase from the end of the first quarter [15] Market Data and Key Metrics Changes - Demand for digital banking services reached an all-time high, with small business checking relationships growing by more than 25% in the first half of 2021 [22] - The company experienced a decline in health care finance balances by over $50 million due to elevated prepayment activity and low new originations [16][30] - The commercial pipeline increased over 20% from the end of the first quarter, indicating a recovery in lending activity [14] Company Strategy and Development Direction - The company is focused on increasing its presence in construction lending and exploring new lines of business and partnerships, including a partnership with a fintech-oriented specialty lender in the franchise industry [18][19] - The management emphasized the importance of maintaining a strong capital position to support growth and is looking for acquisition opportunities to enhance its business [72][97] - The company aims to build a sustainable SBA lending platform and diversify its noninterest income to provide stability during interest rate volatility [53][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the SBA business and the overall loan pipelines, despite some challenges in the health care finance sector [12][19] - The economic outlook is improving, but management remains cautious about potential future pandemic-related disruptions [48] - The company anticipates loan growth in the second half of 2021, supported by a strong capital position and increasing pipelines [66][69] Other Important Information - The company has been recognized as one of the top workplaces in Indiana for eight consecutive years, reflecting its workplace culture that promotes innovation and customer focus [25] - The sale of the corporate headquarters was part of a strategic move to relocate to a new facility, which is expected to be operational by the end of the year [82] Q&A Session Summary Question: Can you provide more details on the fintech partnerships? - The partnerships focus on internal software and infrastructure improvements in the small business category, enhancing both lending and deposit services [60] Question: What are the margins in the SBA secondary market? - The company is averaging about $1.13 in gain on sale, with margins improving despite a forecasted decrease in loan volume [63] Question: Should we expect balance sheet growth moving forward? - While loan growth is expected, overall balance sheet growth may be limited due to excess cash on hand [66] Question: Why not initiate a buyback given the current stock price? - The company prefers to invest in growth opportunities rather than buybacks, but may consider it if acquisition opportunities do not materialize [72] Question: How do you see the provision for loan losses evolving? - The provision is expected to be influenced by loan growth and adjustments to qualitative factors, with no negative provisions anticipated [111]