Investor Presentaiton
Non-GAAP Measures
In Bankshares, Corp
Non-GAAP Financial Measures (unaudited)
(Dollars in thousands, except per share data)
As of and For the
Twelve Months Ended
As of and For the Quarter Ended
Dec 31,
2023
Dec 31,
2022
Dec 31,
2023
Sep 30,
2023
Jun 30,
2023
Mar 31,
Dec 31,
2023
2022
Core Efficiency Ratio and Core Noninterest Expense to Average Assets
Noninterest expense (GAAP)
(A)
$
36,400 $ 32,997
$
10,248 $
Less: Intangible amortization
(1,727)
(1,445)
(420)
8,905 $
(421)
8,691 $
(431)
8,556 $
(455)
9,377
(475)
Less: Write-down of nonmarketable equity security
(1,500)
(500)
(1,500)
(500)
Less: Merger and acquisition expense
(2,514)
(451)
Adjusted noninterest expense (non-GAAP)
(B)
$
33,173 $
28,538
$
8,328 $
8,484 $
8,260 $
8,101 $
7,951
Noninterest income (GAAP)
$
5,371 $
4,302
$
1,162 $
1,451 $
1,368 $
1,394 $
1,360
Add: (gain) loss on sale of investment securities
178
178
Adjusted noninterest income (non-GAAP)
(C)
$
5,549 $
4,302
$
1,340 $
1,451 $
1,368 $
1,394 $
1,360
Net interest income (GAAP)
(D)
$
43,659 $ 42,039
$
10,745 $
10,678 $
10,769 $
11,464 $
12,798
Efficiency ratio
Core efficiency ratio (non-GAAP)
(A/(C+D))
(B/(C+D))
73.97%
67.41%
71.20%
61.58%
84.80%
68.91%
73.42%
69.95%
71.61%
68.06%
66.54%
66.23%
63.00%
56.16%
Average assets
(E) $1,276,460 $ 1,075,057
$ 1,276,268 $ 1,273,438 $ 1,287,299 $ 1,268,787 $1,231,642
Noninterest expense to average assets
(A/E)
2.85%
3.07%
3.19%
2.77%
2.71%
2.73%
3.02%
Core noninterest expense to average assets
(B/E)
2.60%
2.65%
2.59%
2.64%
2.57%
2.59%
2.56%
IN
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