INBK FY 2016 Earnings Report — First Internet Bancorp Revenue & Financial Results | Market Cap Arena

First Internet BancorpINBK

FY 2016 Earnings

Reported March 14, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$72M	—	$51M	—	41.5%
Op. Income	$18M	—	$14M	—	31.6%
Gross Margin	67.3%	—	75.2%	—	-7.9pp
Net Margin	16.7%	—	17.5%	—	-0.8pp
EPS (Diluted)	$2.30	—	$1.96	—	17.3%
Free Cash Flow	$23M	—	$8M	—	178.5%

Revenue Flow

Item	Amount
REVENUE	$72M
Cost of Revenue	$24M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$9M
Operating Expenses	$31M
Cost & Expenses	$54M
OPERATING INCOME	$18M
Interest Income	$59M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$6M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$4M
EBIT	$18M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$72M
Cost of Revenue	$24M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$9M
Operating Expenses	$31M
Cost & Expenses	$54M
OPERATING INCOME	$18M
Interest Income	$59M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$6M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$4M
EBIT	$18M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$4M
Stock-Based Compensation	$736.0K
Deferred Income Tax	$4M
Other Non-Cash Items	$13M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$366M
Sales/Maturities of Investments	$92M
Other Investing Activities	-$309M
NET CASH FROM INVESTING	-$587M
Net Debt Issuance	$23M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$507M
NET CASH FROM FINANCING	$575M
FREE CASH FLOW	$23M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$457M
Net Receivables	$613M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$10M
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$677M
Tax Assets	$0
Other Non-Current Assets	$53M
TOTAL NON-CURRENT ASSETS	$745M
TOTAL ASSETS	$1.9B
Account Payables	$112.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$227M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$227M
TOTAL LIABILITIES	$1.7B
Common Stock	$120M
Additional Paid-In Capital	$0
Retained Earnings	$44M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$154M
Minority Interest	$0
TOTAL EQUITY	$154M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$227M
Net Debt	$187M