Investor Presentaiton
Non-GAAP Measures
InBankshares, 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
Nine Months Ended
Sep 30,
Sep 30,
2023
2022
Sep 30,
2023
Jun 30,
2023
Mar 31,
2023
Dec 31,
2022
Sep 30,
2022
Tangible Common Equity, Tangible Assets, Tangible Common Equity to
Tangible Assets, and Tangible Book Value Per Share
Total stockholders' equity (GAAP)
Less: Goodwill
Less: Core deposit intangible, net
(A)
$ 115,690 $
(18,660)
(6,775)
107,231
(18,660)
(8,557)
$ 115,690 $ 114,364 $ 113,251 $ 110,554 $ 107,231
(18,660)
(6,775)
(18,660)
(7,195)
(18,660)
(7,627)
(18,660)
(18,660)
(8,081)
(8,557)
Tangible common equity (non-GAAP)
(B)
$
90,255 $
80,014
$ 90,255 $
88,509 $
86,964 $
83,813 $
80,014
Tangible common equity (non-GAAP)
$
90,255 $
80,014
Less: Accumulated other comprehensive income (loss)
(10,273)
(8,746)
$ 90,255 $
(10,273)
88,509 $
(9,074)
86,964 $
83,813 $
80,014
(7,754)
(8,764)
(8,746)
Adjusted tangible common equity (non-GAAP)
(C)
$
100,528 $ 88,760
$ 100,528 $ 97,583 $
94,718 $ 92,577 $ 88,760
Total assets (GAAP)
(D)
$ 1,290,701 $ 1,211,300
Less: Goodwill
Less: Core deposit intangible, net
(18,660)
(6,775)
(18,660)
(8,557)
Tangible assets (non-GAAP)
(E)
$ 1,265,266 $ 1,184,083
$1,290,701 $1,301,834 $1,298,400 $1,245,212 $1,211,300
(18,660) (18,660) (18,660) (18,660) (18,660)
(6,775)
(7,195)
(7,627)
(8,081) (8,557)
$1,265,266 $1,275,979 $1,272,113 $1,218,471 $1,184,083
Equity to assets (GAAP)
(A/D)
8.96%
8.85%
8.96%
8.78%
8.72%
8.88%
8.85%
Tangible common equity to tangible assets (non-GAAP)
Adjusted tangible common equity to tangible assets (non-G
(B/E)
7.13%
6.76%
7.13%
6.94%
6.84%
6.88%
6.76%
(C/E)
7.95%
7.50%
7.95%
7.65%
7.45%
7.60%
7.50%
Common shares outstanding
(F)
11,729,066
11,671,815
11,729,066 11,738,902 11,683,691
11,672,362
11,671,815
Book value per share (GAAP)
(A/F)
$9.86
$9.19
$9.86
$9.74
$9.69
$9.47
$9.19
Tangible book value per share (non-GAAP)
(B/F)
$7.69
$6.86
$7.69
$7.54
$7.44
$7.18
$6.86
Adjusted tangible book value per share (non-GAAP)
(C/F)
$8.57
$7.60
$8.57
$8.31
$8.11
$7.93
$7.60
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