Financial Data and Key Metrics Changes - For Q3 2022, the company reported net income of $8.4 million and earnings per share of $0.89, with adjusted net income of $8.5 million and adjusted diluted earnings per share of $0.90 [8][9] - The return on average assets was 0.83% and return on tangible common equity was 9.24% [9] - The tangible common equity ratio at the end of the quarter was 8.36%, maintaining strong capital levels [11][57] Business Line Data and Key Metrics Changes - Total loan balances increased by $174 million, a nearly 6% growth from the prior quarter, reaching an all-time high of almost $3.3 billion [12][37] - Loan originations for the quarter were $491.3 million, a 47% increase from the second quarter, with new funded originations totaling $272.5 million, up 9% from the prior quarter [12][14] - The construction lending team sourced nearly $190 million in new originations, with unfunded commitments in construction lending totaling $367 million, up over 74% compared to the previous quarter [14][12] Market Data and Key Metrics Changes - The company experienced lower gain on sale premiums in the second and third quarters of 2022 compared to previous years, forecasting SBA gain on sale revenue to be in the range of $10.5 million to $11 million for the year [16][18] - The competitive environment for deposits intensified, with a record outflow of $370 billion in deposits for the banking system in the second quarter, leading to increased competition for deposits [25][26] Company Strategy and Development Direction - The company is focusing on banking-as-a-service partnerships, with expectations to onboard its first relationship in early 2023, aiming to drive non-interest income [28][29] - The company plans to apply more pricing discipline in the fourth quarter to mitigate pressure on net interest margin, with expectations for higher average loan yields in future periods [27][48] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment in net interest income and net interest margin performance but highlighted strong growth in construction lending and SBA lending [31][33] - The company anticipates continued increases in deposit costs and a potential decline in net interest margin due to competitive pressures [48][49] Other Important Information - The company repurchased 120,000 shares of common stock at an average price of $36.56 per share, with a total of $25.1 million repurchased under the authorized program [58][59] - The company was named one of the Best Banks to Work For by American Banker for the ninth consecutive year, reflecting its commitment to workplace culture [34][35] Q&A Session Summary Question: Regarding BaaS deposits and pricing dynamics - Management explained that pricing on BaaS opportunities has increased, and the specific partnership faced challenges due to changing business models and market rates [62][63] Question: Future growth and stock performance - Management indicated a focus on maintaining solid margins rather than pursuing growth for its own sake, with expectations for loan activity to be more measured [72][74] Question: Loan growth outlook - Management stated that loan growth would be selective, with expectations for mid-single digit growth, focusing on higher yielding assets [92][94]

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, 2022 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 Indicate by check mark whether the registrant is a shell company (as defined in R ...

First Internet Bancorp (NASDAQ:INBK) Q2 2022 Earnings Conference Call July 21, 2022 12:00 PM ET Company Participants Larry Clark - Financial Profiles David Becker - Chairman and Chief Executive Officer Kenneth Lovik - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Perito - KBW Nathan Race - Piper Sandler Brett Rabatin - Hovde Group John Rodis - Janney George Sutton - Craig-Hallum Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Confer ...

FIRST IN · . . Financial Results Second Quarter 2022 ® nd and ad ad ad and out all and ad ad ad and Forward-Looking Statements & Non-GAAP Financial Measures 2 This presentation contains forward-looking statements, including statements with respect to 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 are generally identifiable by the u ...

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 March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Large Accelerated Filer ¨ Accelerated Filer þ Emerging growth company ☐ Non-accelerated Filer ¨ Smaller Reporting Company ☑ If an emerging growth company, indicate by check mark if the regi ...

First Internet Bancorp (NASDAQ:INBK) Q1 2022 Earnings Conference Call April 21, 2022 12:00 PM ET CompanyParticipants Larry Clark - Financial Profiles, Inc. David Becker - Chairman & Chief Executive Officer Kenneth Lovik - Executive Vice President & Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group Michael Perito - KBW Nathan Race - Piper Sandler John Rodis - Janney Montgomery Scott George Sutton - Craig-Hallum Operator Hello, all and a warm welcome to the First Internet Bancor ...

FIRST INT . · · · · · ® Financial Results First Quarter 2022 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, ...

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]