First Internet Bancorp INBK R2K

Financial Services · Banks - Regional · United States

https://www.firstinternetbancorp.com

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certificates of deposit and brokered deposits. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, single tenant lease financing, single tenant lease, public, specialty, healthcare and finance, small business lending, commercial deposits and treasury management, franchise finance, residential mortgage, home equity, and other consumer loans. In addition, the company is involved in the provision of municipal finance lending and leasing products to government entities, as well as treasury management services; purchase, manage, service, and safekeeping of municipal securities; and offers corporate credit cards. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.

Market & Price

Market Cap

$210.59M

Current Price

$24.16

High / Low (52W)

$27.76 / $17.16

Beta

0.85

Valuation

Stock P/E

Industry PE

12.01

Forward P/E

5.12

PEG Ratio

Book Value

$41.41

Price to Book

0.58

P/S

4.44

EV/EBITDA

Dividend Yield

0.99%

Profitability & Returns

ROCE

ROE

-8.98%

ROA

-0.58%

Profit Margin

-70.92%

Op Margin

12.20%

EPS (Latest Qtr)

$0.29

EPS (TTM)

$-3.85

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$345.16M

Total Assets

$5.57B

Current Assets

Working Capital

Ownership

Promoter Holding

14.01%

Chg in Prom Hold

FII / Inst Holding

71.92%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$-46.16M

Total Revenue (TTM)

$47.38M

EBITDA

Free Cash Flow

Operating Cash Flow

$46.17M

Shares Outstanding

8.72M

Gross Margin

0.00%

Payout Ratio

13.64%

Growth (CAGR)

Revenue 5Y

-1.22%

Profit 5Y

-66.32%

Revenue (YoY)

13.70%

Earnings (YoY)

165.50%

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -1.2% CAGR over 5 years.
Earnings shrank at -66.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	INBK First Internet Bancorp R2K	24.16	-	$210.59M	0.99%	-	-8.98%	-1.22%	-66.32%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34.01M	32.04M	3.85M	39.91M	40.94M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51.73M	52.90M	54.04M	47.73M	44.21M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34.00K	-1.86M	-54.54M	5.50M	1.78M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-909.00K	-2.05M	-12.95M	213.00K	-725.00K
Net Income	2.27M	2.32M	2.28M	2.43M	2.83M	3.10M	3.71M	2.83M	4.00M	4.89M	3.50M	6.03M	6.01M	6.29M	3.58M	5.70M	6.12M	6.33M	7.10M	6.02M	3.93M	8.41M	11.09M	10.45M	13.10M	12.09M	11.21M	9.54M	8.44M	-3.02M	3.88M	3.41M	5.18M	5.78M	6.99M	943.00K	193.00K	-41.59M	5.29M	2.51M
Diluted EPS	0.50	0.51	0.50	0.53	0.57	0.55	0.64	0.43	0.61	0.71	0.41	0.71	0.67	0.61	0.35	0.56	0.60	0.63	0.72	0.62	0.40	0.86	1.12	1.05	1.31	1.21	1.14	0.99	0.89	-0.33	0.44	0.39	0.59	0.67	0.80	0.11	0.02	-4.76	0.60	0.29

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	7.84M	5.72M	11.54M	-	-	113.92M	95.31M	128.91M	109.81M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	59.81M	164.54M	204.51M	206.40M
Pretax Income	-	-	-	-	-	-	-	-	-	-	40.10M	4.94M	27.54M	-50.87M
Tax Provision	-	-	-	-	-	-	-	-	-	-	4.56M	-3.48M	2.27M	-15.70M
Net Income	5.61M	4.59M	4.32M	8.93M	12.07M	15.23M	21.90M	25.24M	29.45M	-	35.54M	8.42M	25.28M	-35.17M
Diluted EPS	1.95	1.51	0.96	1.96	2.30	2.13	2.30	2.51	2.99	-	3.70	0.95	2.88	-4.03

Compounded Sales Growth

5 Years:	-1.22%
1 Year:	13.70%

Compounded Profit Growth

5 Years:	-66.32%
1 Year:	165.50%

Stock Price Performance

1 Year:	+0.70%
6 Months:	+27.45%
3 Months:	+19.49%
1 Month:	+7.00%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	636.37M	802.34M	970.50M	1.27B	1.85B	2.77B	3.54B	4.10B	4.25B	-	4.54B	5.17B	5.74B	5.57B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	34.78M	32.51M	53.69M	28.29M	25.15M	39.45M	47.98M	188.71M	327.36M	419.81M	-	256.55M	405.90M	466.41M	456.78M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	21.07M	26.75M	28.18M	27.91M
Total Liabilities	-	575.02M	711.43M	873.72M	1.17B	1.70B	2.54B	3.25B	3.80B	3.92B	-	4.18B	4.80B	5.35B	5.21B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	40.69M	31.79M	106.90M	190.96M	189.98M	410.18M	525.15M	514.91M	514.92M	-	719.46M	719.77M	400.15M	354.96M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	719.46M	719.77M	400.15M	354.96M
Total Equity	55.42M	61.35M	90.91M	96.78M	104.33M	153.94M	224.13M	288.74M	304.91M	330.94M	-	364.97M	362.80M	384.06M	359.77M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	9.07M	8.64M	8.67M	8.69M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-	-	-	-	24.62M	29.36M	-43.58M	13.07M	-	82.72M	11.68M	12.99M	3.45M
Investing Cash Flow	-	-	-	-	-	-908.15M	-638.71M	-313.27M	-44.81M	-	-601.03M	-474.50M	-496.17M	128.68M
Financing Cash Flow	-	-	-	-	-	892.06M	750.09M	495.50M	124.19M	-	331.90M	612.17M	543.69M	-141.76M
Capital Expenditure	-309.00K	-7.19M	-915.00K	-2.54M	-3.17M	-1.52M	-2.22M	-4.11M	-25.56M	-	-17.52M	-5.37M	-2.59M	-1.23M
Free Cash Flow	-	-	-	-	-	23.11M	27.14M	-47.68M	-12.49M	-	65.21M	6.31M	10.40M	2.22M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-186.41M	149.35M	60.51M	-9.63M
Share Buybacks	-	-	-	-	0	0	216.00K	9.78M	0	4.44M	27.78M	9.34M	283.00K	521.00K
Dividends Paid	479.00K	450.00K	1.08M	1.09M	1.20M	1.68M	2.23M	2.42M	2.35M	2.42M	2.32M	2.16M	2.08M	2.09M

Ratios (Annual)

Figures in %.

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	194.3%	383.0%	218.7%	-	-	31.2%	8.8%	19.6%	-32.0%
ROE %	9.1%	5.1%	4.5%	8.6%	7.8%	6.8%	7.6%	8.3%	8.9%	-	9.7%	2.3%	6.6%	-9.8%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

14.01%

Institutions

71.92%

Public Float

83.64%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	8.93%	778.52K	$18.81M
2	Heartland Advisors Inc.	4.42%	384.90K	$9.30M
3	Dimensional Fund Advisors LP	4.31%	375.81K	$9.08M
4	Aegis Financial Corporation	4.06%	354.26K	$8.56M
5	Vanguard Capital Management LLC	3.86%	336.25K	$8.12M
6	Acadian Asset Management. LLC	2.48%	216.35K	$5.23M
7	Geode Capital Management, LLC	2.41%	209.81K	$5.07M
8	Shaw D.E. & Co., Inc.	2.40%	209.45K	$5.06M
9	CSM Advisors, LLC	2.20%	191.38K	$4.62M
10	Simcoe Capital LLC	1.97%	172.09K	$4.16M

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INBK · Financial Services