InBankShares Corporation · OTC:INBC
InBankShares — Q2 2025 Earnings Presentation
30 slides from InBankShares's earnings presentation, August 2025
Slide 1: Investor Presentation 2nd Quarter 2025
INVESTOR PRESENTATION INBANKSHARES, CORP 2 Quarter 2025 nd
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements: This presentation contains, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements preceded by,
Slide 3: Overview of InBankshares, Corp
Overview of InBankshares, Corp Emphasis on capturing market share along the Colorado Footprint Front Range, while maintaining dominant market share Metro Markets in Southern Colorado and Northern New Mexico People-centric vs branch-centric The strategy is to be the premier Focused on developin
Slide 4: INBC Timeline
INBC Timeline Invest for Growth Execution of Growth Strategy Expansion and Scale June 2018: Ed Francis and investor group raise $69 April 2020: InBank welcomes 330 new-to-bank September 2024: Expanded Healthcare & Banking million of capital and acquire International Bank, a customers, resulting f
Slide 5: Quarterly Review
Quarterly Review $'s in million, except per share 2Q'2025 1Q'2025 Variance % 2Q'2024 Variance % Total Assets $ 1,375.5 $ 1,401.3 -1.8% $ 1,343.2 2.4% Gross Loans HFI $ 959.1 $ 933.3 2.8% $ 958.6 0.1% Deposits $ 1,182.2 $ 1,210.3 -2.3% $ 1,118.9 5.7% TBVPS $9.76 $9.52 2.5% $8.50 14.8% Net Income $ 2.
Slide 6: 2Q'2025 Highlights
2Q’2025 Highlights Net income of $2.6 million compared to $2.5 million for the linked quarter, and $2.4 million for 2Q’2024 Earnings Earnings per share (“EPS”) of $0.22, compared to $0.21 for the linked quarter, and $0.20 for 2Q’2024 PPNR1 of $4.0 million, compared to $3.7 million for the link
Slide 7: Earnings Performance
Earnings Performance Trailing Five Quarters Annual $5,000 $0.35 $17,500 $1.00 $4,500 $0.87 $0.30 $15,000 $0.84 $0.29 $4,000 $0.75 $0.75 $12,500 $3,500 $0.25 $0.22 $0.22 $10,000 $ In Thousands $ In Thousands $3,000 $0.21 $0.50 $0.20 $0.20 $2,500 $7,500 $0.36 $0.15 $2,000 $0.25 $5,000 $0.18 $1,500 $0.
Slide 8: INBC Consolidated Tangible Capital
INBC Consolidated Tangible Capital 6/30/2025 Tangible book value per share of $9.76 INBC Tangible Common Equity1 TBV per Share1 $120.0 $115.9 16.00% $11.00 15.05% $108.6 $10.13 $110.0 $100.2 14.00% $10.00 $9.69 $100.0 $9.76 $9.09 $90.0 $9.20 12.00% $9.00 $8.50 $ In Millions $80.0 $70.0 10.00% $8.00
Slide 9: Loan Growth
Loan Growth Total Loans Held for Investment (HFI) Total Loans HFI of $959.1 million $1,000.0 $958.6 $959.1 $940.8 $901.7 $902.1 $934.6 $914.5 $933.3 Total Loans HFI growth of $25.8 million, or 2.8%, during the $900.0 quarter $800.0 Total Loans HFI increased $517,000, or 0.1%, for the trailing
Slide 10: Diverse Loan Portfolio
Diverse Loan Portfolio Loans held for investment at 6/30/2025: $959.1 million CRE I & CRE II ratios: 27.1%, 245.4% C&I and CRE-OO combined represent ~47% of portfolio Loan Mix Loans by Market ConstructionFarm Other Colorado 4% 2% 8% 1-4 Family Colorado Springs C&I 8% 3% 27% New Mexico Multifam
Slide 11: Deposit Growth
Deposit Growth Total Deposits Total deposits of $1.18 billion $1,400.0 40.0% $1,210.3 $1,182.2 35.0% Deposits increased $63.3 million, or 5.7%, for the trailing $1,200.0 $1,118.9 one-year period 30.1%30.0% $1,000.0 25.0% Deposits decreased $28.1 million, or 2.3%, during the quarter $ In Millio
Slide 12: Strong Core Deposit Base
Strong Core Deposit Base Deposits at 6/30/2025: $1.18 billion 30.1% Noninterest bearing deposits 28.5% Estimated uninsured deposits excluding public fund deposits to total deposits Deposit Mix Deposits by Market Retail Time Other Colorado 8% 10% Jumbo Time 5% Colorado Springs Noninterest DDA 5
Slide 13: Taking Market Share In a Growing Market
Taking Market Share In a Growing Market Emphasis on capturing market share in the Denver and Boulder MSAs and along the Colorado Front Range, Southern Colorado, and Northern New Mexico InBank Deposits - Denver & Boulder MSAs Total Deposit Market - Denver & Boulder MSAs $450 $160,000 $400 $140,000
Slide 14: NIM, Loan Yield, and Cost of Funds
NIM, Loan Yield, and Cost of Funds 7.00% 6.26% MRQ NIM of 3.60%, down 16 bps compared to 3.76% for 6.00% 5.77% 1Q’2025 5.00% 5.50% 4.50% Cost of funds of 2.17%, an increase of 8 bps from the linked quarter and a decrease of 10 bps from 2Q’2024 4.00% 3.70% 3.76% 3.56% 3.58% 3.53% 3.57% 3.59% 3.60
Slide 15: Scale and Efficiency
Scale and Efficiency Average Assets per Employee Core Efficiency Ratio1 $8,500 90.00% $8,091 80.00% $8,000 $7,729 72.03% 69.95% 69.32% 70.57% 70.35% 68.91% 68.22% 70.00% 66.41% $7,500 60.00% $7,000 50.00% $6,500 40.00% $6,000 30.00% 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 3Q'23 4Q'23 1Q'24 2
Slide 16: Core Noninterest Income & Expense
Core Noninterest Income & Expense $12,000 Net Overhead Ratio 3.50% $10,000 $9,518 $9,568 $9,272 2.96% 2.93% 2.89% 3.00% 2.83% 2.82% 2.64% 2.69% 2.59% $8,000 2.50% 2.23% 2.31% $ in Thousands 2.19% 2.22% 2.15% 2.14% 2.04% 2.04% $6,000 2.00% 1.50% $4,000 $2,960 0.92% 1.00% 0.78% 0.78% $1,930 $1,892 0.6
Slide 17: Asset Quality – NPAs and Past Due Loans
Asset Quality – NPAs and Past Due Loans Non-Performing Assets1 Past Due Loans 30-89 Days $16,000 1.00% $25,000 2.50% $14,000 0.80% $20,000 2.00% $12,000 $ In Thousands $ In Thousands $10,000 0.60% $15,000 1.50% $8,000 0.40% $10,000 1.00% $6,000 $4,000 0.20% $5,000 0.50% $2,000 $- 0.00% $- 0.00% 3Q'2
Slide 18: Asset Quality – Allowance and Net Chargeoffs
Asset Quality – Allowance and Net Chargeoffs Total Allowance + Purchase Discount Net Chargeoffs $18,000 1.75% $1,250 0.50% 0.45% $16,000 1.54%1.50% 1.44% $1,000 0.40% $14,000 1.25% $12,000 $ In Thousands $ In Thousands 1.00% $750 0.30% $10,000 $8,000 0.75% $500 0.20% $6,000 0.14% 0.50% 0.12% $4,000
Slide 19: InBank Remains Well-Capitalized
InBank Remains Well-Capitalized InBank Leverage Ratio $1,500,000 12.00% 10.60% 10.70% 10.59% 11.00% $1,400,000 10.41% 10.20% 10.28% 10.03% 10.03% Total Assets (In Thousands) 10.00% Leverage Ratio $1,300,000 9.00% $1,200,000 8.00% $1,100,000 7.00% $1,000,000 6.00% 3Q'23 4Q'23 1Q'24 2Q'24 3Q'24 4Q'24
Slide 20: Focused on Culture
Focused on Culture Our Mission: To Positively Impact the Lives of Our Customers, Communities and Associates Our Vision: We reinvent relationship banking by delivering an exceptional customer experience. Our devoted associates and loyal customers are the foundation of our success. COMMITMENT INNOVATI
Slide 21: Strategic Pillars
Strategic Pillars Customer WOW! Thriving Culture Growth Mindset Make it Better Own the Risk Think Big Exceed Enhance Win Drive Empowered Act • Exceed customer • Enhance • Win market • Drive value by • Empowered to • Take action expectations InBank’s share through making it easier identify risk to bu
Slide 22: Why Invest in InBankshares?
Why Invest in InBankshares? Strong Colorado- granular core Proven and headquartered deposit base dedicated high company caliber team Capturing Focused on market share Building long building in growth term advisory- shareholder markets based value relationships 22
Slide 23: Contact Information
Contact Information Edward Francis Chief Executive Officer & President Email: [email protected] Phone: (720) 907-8130 Dan Patten EVP, Chief Financial Officer Email: [email protected] Phone: (720) 552-8327 23
Slide 24: Experienced Management Team
Experienced Management Team Edward Francis – Chief Executive Officer Dan Patten – EVP, Chief Financial Officer Amy Lovell – EVP, Chief Accounting Officer, Ed has over 35 years of banking and financial institution Dan has over 20 years of experience in corporate finance, Corporate Controller experien
Slide 25: Board of Directors
Board of Directors Eric Donnelly – Lead Director Kevin Ahern - Chairman Eric is CEO of Capital Plus Financial which through its holding Kevin is Managing Partner of Brush Creek Partners, a Denver-based company, Crossroads Systems, is the first publicly traded nonbank private equity firm, and the for
Slide 26: Appendix
INBANKSHARES, CORP APPENDIX
Slide 27: Non-GAAP Measures
Non-GAAP Measures InBankshares, Corp Non-GAAP Financial Measures (unaudited) As of and For the (Dollars in thousands, except per share data) As of and For the Quarter Ended Six Months Ended Jun 30, Jun 30, Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, 2025 2024 2025 2025 2024 2024 2024 Tangible Common Equ
Slide 28: Non-GAAP Measures
Non-GAAP Measures InBankshares, Corp As of and For the Non-GAAP Financial Measures (unaudited) Six Months Ended As of and For the Quarter Ended (Dollars in thousands, except per share data) Jun 30, Jun 30, Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, 2025 2024 2025 2025 2024 2024 2024 Pre-Provision, Pre-
Slide 29: Non-GAAP Measures
Non-GAAP Measures InBankshares, Corp Non-GAAP Financial Measures (unaudited) (Dollars in thousands, except per share data) As of and For the Six Months Ended As of and For the Quarter Ended Jun 30, Jun 30, Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, 2025 2024 2025 2025 2024 2024 2024 Core Efficiency Rat
Slide 30: Non-GAAP Measures
Non-GAAP Measures InBankshares, Corp Non-GAAP Financial Measures (unaudited) (Dollars in thousands, except per share data) As of and For the Six Months Ended As of and For the Quarter Ended Jun 30, Jun 30, Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, 2025 2024 2025 2025 2024 2024 2024 Adjusted Net Income