Investor Presentaiton
Non-GAAP Measures
In Bankshares, Corp
Non-GAAP Financial Measures (unaudited)
(Dollars in thousands, except per share data)
Tangible Common Equity, Tangible Assets, Tangible Common Equity to
As of and For the Quarter Ended
As of and For the
Twelve Months Ended
Dec 31,
2023
Dec 31,
2022
Dec 31,
2023
Sep 30,
2023
Jun 30,
2023
Mar 31,
2023
Dec 31,
2022
Tangible Assets, and Tangible Book Value Per Share
Total stockholders' equity (GAAP)
(A)
$
119,464 $
Less: Goodwill
Less: Core deposit intangible, net
(18,660)
110,554
(18,660)
$
119,464 $
115,690 $
114,364 $
113,251 $
110,554
(18,660)
(18,660)
(18,660)
(18,660)
(18,660)
(6,355)
(8,081)
(6,355)
(6,775)
(7,195)
(7,627)
(8,081)
Tangible common equity (non-GAAP)
(B)
$
94,449 $
83,813
$
94,449 $
90,255 $
88,509 $
86,964 $
83,813
Tangible common equity (non-GAAP)
$
94,449 $
Less: Accumulated other comprehensive income (loss)
(7,318)
Adjusted tangible common equity (non-GAAP)
(C)
$
101,767 $
83,813
(8,764)
92,577
$
94,449 $
90,255 $
88,509 $
86,964 $
83,813
(7,318)
(10,273)
(9,074)
(7,754)
(8,764)
$
101,767 $ 100,528 $
97,583 $ 94,718 $
92,577
Total assets (GAAP)
(D)
Less: Goodwill
Less: Core deposit intangible, net
$ 1,341,153 $ 1,245,212
(18,660) (18,660)
(6,355) (8,081)
(18,660)
(6,355)
Tangible assets (non-GAAP)
(E)
$ 1,316,138 $ 1,218,471
$ 1,341,153 $ 1,290,701 $ 1,301,834 $ 1,298,400 $ 1,245,212
(18,660) (18,660)
(6,775)
$ 1,316,138 $ 1,265,266 $1,275,979 $ 1,272,113 $ 1,218,471
(7,195)
(18,660)
(7,627)
(18,660)
(8,081)
Equity to assets (GAAP)
(A/D)
8.91%
8.88%
8.91%
8.96%
8.78%
8.72%
8.88%
Tangible common equity to tangible assets (non-GAAP)
Adjusted tangible common equity to tangible assets (non-G
(B/E)
7.18%
6.88%
7.18%
7.13%
6.94%
6.84%
6.88%
(C/E)
7.73%
7.60%
7.73%
7.95%
7.65%
7.45%
7.60%
Common shares outstanding
(F)
11,730,313
11,672,362
11,730,313
11,729,066
11,738,902
11,683,691
11,672,362
Book value per share (GAAP)
(A/F)
$10.18
$9.47
$10.18
$9.86
$9.74
$9.69
$9.47
Tangible book value per share (non-GAAP)
(B/F)
$8.05
$7.18
$8.05
$7.69
$7.54
$7.44
$7.18
Adjusted tangible book value per share (non-GAAP)
(C/F)
$8.68
$7.93
$8.68
$8.57
$8.31
$8.11
$7.93
IN
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