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
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