INBK FY 2015 Earnings Report — First Internet Bancorp Revenue & Financial Results | Market Cap Arena

First Internet BancorpINBK

FY 2015 Earnings

Reported March 10, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$51M	—	$38M	—	34.7%
Op. Income	$14M	—	$6M	—	111.9%
Gross Margin	75.2%	—	75.5%	—	-0.3pp
Net Margin	17.5%	—	11.4%	—	6.1pp
EPS (Diluted)	$1.96	—	$0.96	—	104.2%
Free Cash Flow	$8M	—	$1M	—	685.4%

Revenue Flow

Item	Amount
REVENUE	$51M
Cost of Revenue	$13M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$16M
SG&A Expenses	$18M
Other Expenses	$7M
Operating Expenses	$25M
Cost & Expenses	$37M
OPERATING INCOME	$14M
Interest Income	$41M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$5M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$51M
Cost of Revenue	$13M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$16M
SG&A Expenses	$18M
Other Expenses	$7M
Operating Expenses	$25M
Cost & Expenses	$37M
OPERATING INCOME	$14M
Interest Income	$41M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$5M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$2M
Stock-Based Compensation	$762.0K
Deferred Income Tax	$443.0K
Other Non-Cash Items	-$397.0K
Change in Working Capital	-$771.0K
OPERATING CASH FLOW	$11M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$100M
Sales/Maturities of Investments	$22M
Other Investing Activities	-$223M
NET CASH FROM INVESTING	-$304M
Net Debt Issuance	$94M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$197M
NET CASH FROM FINANCING	$290M
FREE CASH FLOW	$8M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$214M
Net Receivables	$378M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$618M
PP&E (Net)	$9M
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$608M
Tax Assets	$0
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$652M
TOTAL ASSETS	$1.3B
Account Payables	$117.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$956M
TOTAL CURRENT LIABILITIES	$962M
Long-Term Debt	$204M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$204M
TOTAL LIABILITIES	$1.2B
Common Stock	$73M
Additional Paid-In Capital	$0
Retained Earnings	$33M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$104M
Minority Interest	$0
TOTAL EQUITY	$104M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$204M
Net Debt	$178M