INBK FY 2010 Earnings Report — First Internet Bancorp Revenue & Financial Results | Market Cap Arena

First Internet BancorpINBK

FY 2010 Earnings

Reported December 31, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$29M	—	$32M	—	-8.8%
Op. Income	$7M	—	-$4M	—	256.3%
Gross Margin	59.2%	—	16.1%	—	43.1pp
Net Margin	17.2%	—	-6.7%	—	24.0pp
EPS (Diluted)	$1.74	—	$-0.75	—	332.0%
Free Cash Flow	$11M	—	$2M	—	573.1%

Revenue Flow

Item	Amount
REVENUE	$29M
Cost of Revenue	$12M
GROSS PROFIT	$17M
R&D Expenses	$0
Selling & Marketing	$269.5K
General & Administrative	$7M
SG&A Expenses	$8M
Other Expenses	$3M
Operating Expenses	$10M
Cost & Expenses	$22M
OPERATING INCOME	$7M
Interest Income	$25M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$361.2K
EBIT	$7M
EBITDA	$7M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$29M
Cost of Revenue	$12M
GROSS PROFIT	$17M
R&D Expenses	$0
Selling & Marketing	$269.5K
General & Administrative	$7M
SG&A Expenses	$8M
Other Expenses	$3M
Operating Expenses	$10M
Cost & Expenses	$22M
OPERATING INCOME	$7M
Interest Income	$25M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$361.2K
EBIT	$7M
EBITDA	$7M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$361.2K
Stock-Based Compensation	$0
Deferred Income Tax	$1M
Other Non-Cash Items	$2M
Change in Working Capital	$3M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$780.3K
Acquisitions (Net)	$0
Purchases of Investments	-$42M
Sales/Maturities of Investments	$36M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$3M
Net Debt Issuance	-$17M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$11M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$47M
PP&E (Net)	$0
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$441M
Tax Assets	$0
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$457M
TOTAL ASSETS	$504M
Account Payables	$126.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$423M
TOTAL CURRENT LIABILITIES	$424M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$563.5K
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$455M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$10M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$49M
Minority Interest	$0
TOTAL EQUITY	$49M
TOTAL LIABILITIES & EQUITY	$504M
Total Debt	$30M
Net Debt	-$2M