Financial Results Second Quarter 2022
Second Quarter 2022 Highlights
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Earnings
Key Operating
Trends
Loans and
Deposits
Profitability
and Capital
■
▪ Diluted EPS of $0.99; adjusted diluted EPS of $1.06¹
▪ Net income of $9.5 million; adjusted net income of $10.3 million ¹
▪ Total revenue of $30.0 million
■
▪ NIM of 2.60% and FTE NIM of 2.74%, increases of 4 bps & 5 bps, respectively, from 1Q22¹
■ Cost of interest-bearing deposits increased 4 bps from 1Q22 to 0.85%
▪ SBA loan sales contributed $2.0 million of fee revenue
▪ Asset quality remained strong with NPAs to total assets of 0.10%
▪ ROAA of 0.93%, ROAE of 10.23% and ROATCE of 10.36%¹
Adjusted ROAA of 1.00%¹, adj. ROAE of 11.01%¹ and adj. ROATCE of 11.15%1
▪ TCE / TA increased to 8.81¹%; regulatory capital ratios remained strong
Repurchased 294,464 common shares under authorized repurchase program
▪ Total portfolio loan balances grew by 7.0% from 1Q22
Most commercial and consumer lines experienced growth in 2Q22
▪ Total non-maturity deposit balances increased 2.6% from 1Q22 while CD and
brokered deposit balances decreased 10.2%
See Reconciliation of Non-GAAP Financial Measures in the Appendix
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FIRST INTERNET
BANCOR P
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