INBK investor presentation

Hi all,

INBK released its latest investor presentation. It’s worth reading, if you are invested in it or are considering investing in it.

Have a look at slides 6 & 7 where they talk about earnings growth, improving net interest margins, and increasing operating leverage. They have some information on loan portfolio, asset quality, deposit/loan growth as well.

Slide 17 talks about “compelling valuation”. There’s significant insider ownership here, it’s a growth story, it’s under-followed and has a depressed valuation.

This is one of my larger holdings, one that I hope to hold for a long time. I should also note that it’s a rather thinly traded micro-cap, so anyone interested in bigger building a position would need to be 1) comfortable with micro-cap volatility, and 2) consider building a position over time.