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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, 2023 Sep 30, 2022 Sep 30, Jun 30, 2023 2023 Mar 31, 2023 Dec 31, Sep 30, 2022 2022 Pre-Provision, Pre-Tax Net Revenue (PPNR) Net income (GAAP) $ 8,218 $ 5,676 $ 2,479 $ 2,608 $ 3,131 $ 3,138 $ 3,128 Add: Provision for credit losses 426 1,327 50 83 293 900 525 Add: Income tax expense 2,328 1,560 695 755 878 743 776 Add: Merger and acquisition expense 2,063 451 1,014 Pre-provision, pre-tax net revenue (PPNR) (non-GAAP) $ 10,972 $ 10,626 $ 3,224 $ 3,446 $ 4,302 $ 5,232 $ 5,443 As of and For the Nine Months Ended Sep 30, 2023 Sep 30, 2022 Sep 30, 2023 As of and For the Quarter Ended Jun 30, Mar 31, 2023 2023 Dec 31, 2022 Sep 30, 2022 Return on Average Tangible Common Equity Net income (GAAP) Add: Intangible amortization (A) $ 8,218 $ 1,307 5,676 970 $ 2,479 $ 2,608 $ 3,131 $ 3,138 $ 3,128 421 Less: Tax effect on intangible amortization (at 21.0%) Tangible income to common stockholders (non-GAAP) (274) (204) (88) 431 (91) 455 475 475 (96) (100) (100) (B) (B) $ 9,251 $ 6,442 $ 2,812 $ 2,948 $ 3,490 $ 3,513 $ 3,503 Average stockholders equity (C) Less: Average intangible assets $ 114,596 $ (26,126) 93,280 (18,791) Average tangible common equity (non-GAAP) (D) $ 88,470 $ 74,489 $ $ 116,302 $ 114,857 $ 112,587 $ 109,125 $ 109,539 (25,695) (26,121) (26,571) (27,037) (27,517) 90,607 $ 88,736 $ 86,016 $ 82,088 $ 82,022 Return on average equity (A/C) Return on average tangible common equity (B/D) 9.59% 13.98% 8.14% 11.56% 8.46% 12.31% 9.11% 13.33% 11.28% 16.45% 11.41% 16.98% 11.33% 16.94% IN 26
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