Investor Presentaiton
$ in Thousands
Building Scale and Improving Efficiency
IN
Average Assets per Employee and Core NIE¹ to Assets
Efficiency Ratio
$8,500
3.00%
100%
90%
87.0%
84.8%
$8,000
2.90%
80%
82.3%
$7,664
70%
$7,500
2.80%
2.80%
60%
50%
$6,942
$7,000
2.70%
40%
30%
$6,500
2.59% 2.60%
20%
10%
$6,000
2.50%
0%
1Q'22
2Q'22
3Q'22
4Q'22
1Q'23
2Q'23
3Q'23
4Q'23
1Q'22
2Q'22
3Q'22
4Q'22
1Q'23
2Q'23
3Q'23
4Q'23
Average Assets per Employee
Core Noninterest Expense to Average Assets
Efficiency Ratio
Core Efficiency Ratio
Core noninterest expense ¹ ("NIE") and core efficiency ratio¹ excludes intangible amortization, write-down of nonmarketable equity
security, gain (loss) on sale of investment securities, and M&A expense. There were no M&A expenses in 10'23, 2Q'23, 3Q'23 or
4Q'23.
1.
Core noninterest expense, efficiency ratio, and core efficiency ratio are non-GAAP measures, see reconciliation tables elsewhere in this presentation
13
68.9%View entire presentation