Investor Presentaiton
Non-GAAP Measures
In Bankshares, Corp
Non-GAAP Financial Measures (unaudited)
(Dollars in thousands, except per share data)
As of and For the Quarter Ended
As of and For the
Twelve Months Ended
Dec 31,
2023
Dec 31,
2022
Dec 31,
Sep 30,
2023
2023
Jun 30,
2023
Mar 31,
2023
Dec 31,
2022
Pre-Provision, Pre-Tax Net Revenue (PPNR)
Net income (GAAP)
$
8,811 $
8,814
$
594 $
2,479 $
Add: Provision for credit losses
774
2,227
348
50
2,608 $
83
3,131 $
3,138
293
900
Add: Income tax expense
3,045
2,303
717
695
755
878
743
Add: Write-down of nonmarketable equity security
1,500
500
1,500
500
Add: Merger and acquisition expense
2,514
451
Pre-provision, pre-tax net revenue (PPNR) (non-GAAP)
$
14,130 $ 16,358
$
3,159 $
3,224 $
3,446 $
4,302 $
5,732
As of and For the
Twelve Months Ended
Dec 31,
2023
Dec 31,
2022
Dec 31,
2023
As of and For the Quarter Ended
Sep 30,
Jun 30,
2023
2023
Mar 31,
2023
Dec 31,
2022
Return on Average Tangible Common Equity
Net income (GAAP)
(A)
$
8,811 $
8,814
$
594 $
2,479 $
2,608 $
3,131 $
3,138
Add: Intangible amortization
1,727
1,445
420
421
431
455
475
Less: Tax effect on intangible amortization (at 21.0%)
Tangible income to common stockholders (non-GAAP)
(363)
(303)
(88)
(88)
(91)
(96)
(100)
(B)
$
10,175 $
9,956
$
926 $
2,812 $
2,948 $
3,490 $
3,513
Average stockholders equity
(C)
$
Less: Average intangible assets
115,379 $
(25,913)
Average tangible common equity (non-GAAP)
(D)
$
97,274
(20,870)
89,466 $ 76,404
$
117,702 $
(25,281)
$
92,421 $
116,302 $
(25,695)
90,607 $
114,857 $
(26,121)
88,736 $
112,587 $ 109,125
(26,571)
(27,037)
86,016 $ 82,088
Return on average equity
(A/C)
Return on average tangible common equity (non-GAAP)
(B/D)
7.64%
11.37%
9.06%
13.03%
2.00%
3.98%
8.46%
12.31%
9.11%
13.33%
11.28%
11.41%
16.45%
16.98%
IN
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