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First Internet Bancorp
Investor Presentation
Second Quarter 2016
Exhibit 99.1
Forward Looking Statement
This presentation may contain forward-looking statements with respect to the financial condition, results of
operations, plans, objectives, future performance or business of the Company. Forward-looking statements
are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,”
“estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. Forward-looking statements
are not a guarantee of future performance or results, are based on information available at the time the
statements are made and involve known and unknown risks, uncertainties and other factors that could
cause actual results to differ materially from the information in the forward-looking statements. Factors that
may cause such differences include: failures of or interruptions in the communications and information
systems on which we rely to conduct our business; failure of our plans to grow our commercial real estate
and commercial and industrial loan portfolios; competition with national, regional and community financial
institutions; the loss of any key members of senior management; fluctuations in interest rates; general
economic conditions; risks relating to the regulation of financial institutions; and other factors identified in
reports we file with the SEC. All statements in this presentation, including forward-looking statements,
speak only as of the date they are made, and the Company undertakes no obligation to update any
statement in light of new information or future events.
2
Performance Summary
3
Strong balance sheet growth has driven increased earnings and consistent growth in tangible
book value per share
Diluted Earnings Per Share Pre-Tax, Pre-Provision Earnings Tangible Book Value Per Share
Total Assets Total Loans Total Deposits
$0.28
$0.32
$0.46
$0.50 $0.51 $0.50
$0.53
$0.57
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
$1,831
$2,594
$3,665 $3,721
$4,006
$4,219
$4,676
$5,179
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Dollars in thousands
$927 $971
$1,036
$1,105
$1,166
$1,270
$1,528
$1,702
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Dollars in millions
$696
$732
$768
$814
$877
$954
$1,041
$1,112
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Dollars in millions
$20.29
$20.74
$21.11 $21.23
$21.90
$22.24
$22.93
$23.67
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
$738 $759
$821 $857
$900
$956
$1,243
$1,389
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Dollars in millions
Corporate Overview
Corporate Summary
First Internet Bank launched in 1999
First state-chartered FDIC-insured
Internet bank
Headquartered in Fishers, IN with an
office in Phoenix, AZ
Industry pioneer in branchless
delivery of consumer and commercial
banking services
Nationwide deposit and lending
footprint
Experienced management team
Strong balance sheet and earnings
growth
4
2Q16 Financial Information
Total assets $1.7 billion
Total loans $1.1 billion
Total deposits $1.4 billion
TCE / tangible assets 7.72%
NPLs / total loans 0.51%
Net charge-offs / average loans 0.05%
Market capitalization 1 $ 134.5 million
Dividend yield 1 1.0%
NASDAQ Capital Market INBK
1 Market valuation data as of September 9, 2016
Strategic Objectives
Drive revenue growth and positive operating leverage
Achieve consistent strong profitability
Deploy capital in an accretive manner focused on building shareholder value
Capitalize on consumer trends by capturing greater deposit market share among
digital banking adopters
Maintain strong asset quality and focus on disciplined risk management
Expand asset generation channels to supplement growth and increase
profitability
Continue investing in technology to remain a digital banking leader and increase
efficiency
5
6
Corporate Recognition
First Internet Bank has been recognized for its innovation and is consistently ranked among
the best banks to work for, enhancing its ability to attract and retain top-level talent
TechPoint 2016 Mira Award “Tech-enabled
Company of the Year”
Top 10 finalist – 2016 Indiana Public Company of
the year presented by the CFA Society and FEI
American Banker’s “Best Banks to Work For”
2016
2015
2014
2013
Workplace Dynamics’ “Indianapolis Star Top
Workplaces”
2016
2015
2014
“Best Places to Work in Indiana”
2016
2013
Mortgage Technology 2013 awarded top honors
in the Online Mortgage Originator category
Consistent Balance Sheet Growth
7
Execution of the business strategy is driving consistent and sustainable balance sheet growth
Total Assets Total Loans
Total Deposits Loan Composition
$636
$802
$971
$1,270
$1,702
2012 2013 2014 2015 2Q16
Dollars in millions
$358
$501
$732
$954
$1,112
2012 2013 2014 2015 2Q16
Dollars in millions
$531
$673
$759
$956
$1,389
2012 2013 2014 2015 2Q16
Dollars in millions
31%
42% 48%
61% 65%
33%
36%
38%
27% 22%
36%
22% 14%
12% 13%
2012 2013 2014 2015 2Q16
Commercial Residential Real Estate Consumer
CAGR: 32.5% CAGR: 38.2%
CAGR: 31.6%
Five Year Balance Sheet Growth
Five year balance sheet growth rates far
exceed the median rates for similar
institutions
INBK growth over this period has been
primarily organic as opposed to through
acquisitions
8
Source: Company data and SNL Financial; financial data as of June 30,
2016; peer data represents median value of component companies.
SNL Micro Cap US Banks represent publicly traded micro cap banks
with a market capitalization of less than $250 million; peer data based
on index components as of June 30, 2016.
Five Year Total Asset Growth
Five Year Total Loan Growth Five Year Total Deposit Growth
218%
42%
INBK SNL Micro Cap US Banks
213%
33%
INBK SNL Micro Cap US Banks
216%
32%
INBK SNL Micro Cap US Banks
Earnings and Profitability
9
The Company remains focused on driving earnings growth and improving profitability
Net Income Net Interest Margin
Return on Average Assets Return on Average Tangible Common Equity
$1,282
$1,465
$2,063
$2,265 $2,323 $2,278
$2,432
$2,834
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Dollars in thousands
2.68% 2.78%
2.84% 2.87% 2.84% 2.85% 2.78%
2.39%
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
0.59% 0.62%
0.84% 0.84% 0.82%
0.74% 0.72% 0.71%
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
5.64%
6.38%
8.98%
9.60% 9.58% 9.14% 9.63%
10.07%
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Strong Revenue and Earnings Growth
10
Strong asset generation and re-focused mortgage banking activities combined with disciplined
expense management are driving revenue growth and positive operating leverage
$7,616
$13,054
$5,785
$7,875
3Q14 2Q16
Net Interest Income + Noninterest Income Noninterest Expense
Dollars in thousands
Increase in quarterly noninterest expense: 36%
Increase in quarterly revenue: 71%
$5,673
$9,306 $1,943
$3,748
3Q14 2Q16
Net Interest Income Noninterest Income
Dollars in thousands
Increase in quarterly net interest income: 64%
LTM mortgage banking
revenue up 10% over prior
LTM period
Compelling Valuation
INBK trades at a
significant discount to
other micro-cap
institutions despite its
superior growth profile
The asset generation
and revenue growth
capabilities are
expected to drive
earnings per share
growth at rates
exceeding expectations
for the community /
regional bank sector 2
11
Price / Tangible Book Value Per Share 1
1 Market valuation data as of September 9, 2016; source: SNL Financial
2 Full year 2016 and 2017 EPS average analyst estimates represent annual growth of
16% and 18%, respectively
80.0
90.0
100.0
110.0
120.0
130.0
140.0
Dec 2015 Mar 2016 Jun 2016 Sep 2016
INBK SNL Micro Cap US Bank
Percentage
122.3
102.7
Loan Portfolio Overview
12
Dollars in thousands 2013 2014 2Q15 3Q15 4Q15 1Q16 2Q16
Commercial loans
Commercial and industrial 55,168$ 77,232$ 89,316$ 89,762$ 102,000$ 106,431$ 111,130$
Owner-occupied commercial real estate 18,165 34,295 39,405 42,117 44,462 47,010 46,543
Investor commercial real estate 26,574 22,069 20,163 17,483 16,184 14,756 12,976
Construction 28,200 24,883 20,155 30,196 45,898 52,591 53,368
Single tenant lease financing 84,173 192,608 279,891 329,149 374,344 445,534 500,937
Total commercial loans 212,280 351,087 448,930 508,707 582,888 666,322 724,954
Consumer loans
Residential mortgage 138,418 220,612 207,703 209,507 214,559 208,636 202,107
Home equity 37,906 58,434 49,662 47,319 43,279 40,000 38,981
Trailers 68,991 63,288 66,080 66,749 67,326 69,845 74,777
Recreational vehicles 34,738 30,605 34,366 36,800 38,597 41,227 44,387
Other consumer loans 3,833 3,201 2,711 2,638 2,389 10,251 22,592
Total consumer loans 283,886 376,140 360,522 363,013 366,150 369,959 382,844
Net def. loan fees, prem. and disc. 4,987 5,199 4,791 4,858 4,821 4,402 3,824
Total loans 501,153$ 732,426$ 814,243$ 876,578$ 953,859$ 1,040,683$ 1,111,622$
22%
14% 13% 13% 12% 12% 1 %
36%
38%
32% 29% 27% 24% 22%
17% 26% 34% 8% 9% 3% 45%
11% 7% 5% 5% 7% 6% 6%
14% 15% 16% 15 15% 15% 14
2013 2014 2Q15 3Q15 4Q15 1Q16 2Q16
Commercial and industrial
Commercial real estate
Single tenant lease financing
Residential
mortg ge/HELOCs
Consumer
Commercial Real Estate
Single tenant lease financing overview:
Long term lease financing of single tenant
properties occupied by financially strong lessees
Originations / commitments over the past twelve
months exceeded $258 million
Nationwide platform provides ability to capitalize on
national correspondent network
Expertise in asset class with streamlined execution
and credit process
Strong historic credit performance
Average LTV of approximately 53%
13
Commercial real estate balances increased
$247.0 million, or 77.1%, since 2Q15
Single Tenant Lease Financing
Portfolio Diversity
As of % of
Dollars in millions June 30, 2016 total
Single tenant lease financing $500.9 88.3%
Construction 53.4 9.4%
Investor commercial real estate 13.0 2.3%
Total commercial real estate $567.3 100.0%
9.2%
6.9%
5.4%
5.4%
4.8%68.3%
Red
Lobster
CVS
Walgreen's
Rite Aid
Wendy's
All others
15.7%
9.8%
6.3%
6.1%
5.5%
56.6%
Texas
Florida
North
Carolina
Georgia
Indiana
All others
Commercial and Industrial
Commercial and industrial overview:
Originations / commitments exceeded $77
million over the past twelve months
Primarily serves the borrowing and treasury
management needs of small and middle-
market businesses
Seasoned banking team leverages market
knowledge and experience to serve clients in
a relationship-based approach
Business line built organically, adding select
personnel with specialized product or market
expertise
Indiana team focuses on central Indiana
and ancillary Midwestern markets
Added to Arizona team to further enhance
origination efforts
Strong credit performance to date
14
Commercial and industrial balances increased
$29.0 million, or 22.5%, since 2Q15
As of % of
Dollars in millions June 30, 2016 total
Commercial and industrial $111.1 70.5%
Owner-occupied CRE 46.6 29.5%
Total commercial and ind. $157.7 100.0%
Commercial & Industrial Balances
$55.2
$77.2
$102.0 $111.1
$18.1
$34.3
$44.5
$46.6
2013 2014 2015 2Q16
Commercial and industrial Owner-occupied CRE
Dollars in millions
$73.3
$111.5
$146.5
$157.7
Residential Mortgage
15
Last 12 Months of Mortgage Originations – Regional Distribution
Award-winning national
online origination
platform
Highly efficient
application and
underwriting process
Sales and marketing
efforts re-focused on
purchase mortgage
business
Full range of residential
mortgage and home
equity products
Launched central-
Indiana based
construction loan
program
23.0%
12.4%
26.8%
20.3%
17.5%
Nationwide Branchless Deposit Franchise
16
Total Deposits – $1.4 Billion – Regional Distribution
As of June 30, 2016
Nationwide consumer,
small business and
commercial deposit
base
Scalable technology
and customer
convenience supported
by exceptional service
Deposit relationships in
all 50 states, including
desirable metropolitan
markets
Average consumer
interest checking
account balance of
$14,900 far exceeds
the national average
$269.9 million
19.4%
$129.4 million
9.3%
$539.9 million
38.9%
$223.2 million
16.1%
$226.5 million
16.3%
$1.7 million of balances in US territories/Armed Forces
included in headquarters/Midwest balance
Deposit Composition
Total deposits increased $532.4 million, or 62.2%, since 2Q15
Treasury management and small business deposits provide a significant opportunity for
increasing lower-cost core deposits
17
Total Deposits - $1,388.9 Million
As of June 30, 2016
Total Non-Time Deposits - $513.9 Million
As of June 30, 2016
$28.1
2%
$83.0
6%
$28.9
2%
$373.9
27%
$875.0
63%
Noninterest-bearing deposits Interest-bearing demand deposits
Savings accounts Money market accounts
Time deposits
$102.7
20%
$102.8
20%
$308.4
60%
Treasury management Small business Consumer
Asset Quality
18
Asset quality has improved significantly while balance sheet growth has continued on a strong
upward trend
NPAs / Total Assets NPLs / Total Loans
Allowance for Loan Losses / NPLs Net Charge-Offs (Recoveries) / Average Loans
1.62%
0.90%
0.50%
0.37%
0.60%
2012 2013 2014 2015 2Q16
1.23%
0.37%
0.04% 0.02%
0.51%
2012 2013 2014 2015 2Q16
133.3% 293.0%
1,959.5%
5,000.6%
177.6%
2012 2013 2014 2015 2Q16
0.69%
0.17%
0.00% (0.07%) 0.05%
2012 2013 2014 2015 2Q16
Capital
19
Following the initial public offering in late 2013, the Company deployed capital to fund
commercial loan growth, driving revenue growth and improved profitability
In 2Q16, the Company raised $22.8 million of common equity to further support its growth
During 4Q15, the Company issued $10 million in subordinated notes (tier 2 capital) to
supplement regulatory capital
Strong insider ownership ensures board, management and shareholder interests are
aligned
Tangible Common Equity Regulatory Capital Ratios
11.7%
9.9% 9.5%
8.9% 8.8%
8.3%
7.7% 8.1%
15.6%
12.6%
12.0%
11.1%
10.7% 10.1%
9.4%
10.7%
17.1%
13.8%
13.2%
12.3%
11.9%
12.3%
11.4%
12.5%
2013 2014 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
Tier 1 Leverage Tier 1 Capital Total Capital
$19.38
$20.74 $21.11
$21.23
$21.90 $22.24
$22.93
$23.67
10.8%
9.5% 9.2% 8.7% 8.5%
7.9%
6.8%
7.7%
2013 2014 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16
TBV Per Share TCE / TA
Customer Behavior – Shift to Digital
Consumers continue to increasingly
embrace digital channels to serve their
banking needs
According to a recent study, over 25% of
North American consumers would consider
switching to a bank with no physical
locations
20
Sources: Accenture – The Digital Disruption in Banking;
Backbase, December 19, 2014; ABA Survey
Customer Usage by Channel
Preferred Banking Method 2014
31%
21%
14%
10%
7%
6%
11%
Internet
Branches
ATM
Mobile
Telephone
Mail
Unsure
% Who Would Consider Switching
to a Branchless Bank
39%
29%
16%
18 - 34 Years Old 35 - 55 Years Old 55+ Years Old
Investment Summary
Strong earnings growth and rapidly improving profitability
Demonstrated track record of deploying capital to fuel loan growth while
maintaining strong asset quality
Investments in commercial lending platform are producing results
Geographic and credit product diversity provide ability to generate sustained
balance sheet growth
Consumer banking platform well-positioned to capitalize on changing consumer
preferences
Full service, technology-driven model will deliver increasing efficiency
Experienced management team committed to building shareholder value
21
First Internet Bancorp
Investor Presentation
Second Quarter 2016