First Internet Bancorp INBK

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Insider Decisions

Total buys 0.21
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 3 1 1
Sell
Insider Ownership 16.50%

Capital & Financial Ratios

Market Cap 241.13
Revenue 321.82
Net Income (31.43)
Free Cash Flow 159.91
Net Debt (65.84)
Current Ratio 0.88
Debt/Equity 0.95
P/E ratio 0.00
P/S ratio 0.75
P/B ratio 0.66
Past 5Y EPS Growth 2.79%
This Y EPS Growth 458.18%
Next Y EPS Growth 94.75%
Next 5Y EPS Growth 26.44%
in millions of $

Dividends

Payout Ratio 0.14
Annual Dividend Rate 0.24
Annual Dividend Yield 0.77%
total individual payouts
2027 ‡‡‡‡
2026 0.24
2025 0.24
2024 0.24
2023 0.24
2022 0.24
2021 0.24
2020 0.24
2019 0.24
2018 0.24
2017 0.24
2016 0.24
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 405.90 466.41 456.78 410.97
Receivables
Inventory
Other
4,256.14 4,675.16 4,284.34 4,242.90
2023 2024 2025 Q'26
Payables 4,066.97 4,933.21 4,839.81 4,831.38
ST’ Debt
Other
4,085.01 4,953.65 4,856.92 4,847.70
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡ ‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 87.33 85.32
’25 87.26 86.44 59.74 89.43 322.87
’24 76.51 81.99 87.02 93.71 339.23
’23 57.48 63.99 70.42 73.67 265.57
’22 42.85 40.42 43.42 51.48 178.17
’21 41.66 42.34 40.85 41.89 166.73
’20 42.46 39.20 45.25 46.30 173.20
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 75.55 24.28
’25 32.83 (90.17) 37.07 23.72 3.45
’24 2.79 16.03 0.33 (6.15) 12.99
’23 5.90 (10.74) 4.22 12.30 11.68
’22 30.86 21.14 21.78 8.95 82.72
’21 31.13 10.36 1.45 11.90 54.84
’20 (25.83) 11.62 (20.81) 48.09 13.07
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 75.25 24.26
’25 32.64 (90.82) 36.97 23.44 2.22
’24 1.85 15.47 (0.27) (6.65) 10.40
’23 3.19 (11.17) 2.38 11.91 6.31
’22 21.05 18.31 20.04 5.80 65.21
’21 25.44 10.47 (7.31) 4.47 33.06
’20 (30.69) 5.90 (28.80) 41.10 (12.49)
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.29 0.27
’25 0.11 0.02 (4.76) 0.60 (4.03)
’24 0.59 0.67 0.80 0.83 2.88
’23 (0.33) 0.44 0.39 0.48 0.95
’22 1.14 0.99 0.89 0.68 3.70
’21 1.05 1.31 1.21 1.25 4.82
’20 0.62 0.40 0.86 1.12 2.99

Target Price Range

High ‡‡‡‡‡ ‡‡‡‡
Average ‡‡‡‡‡ ‡‡‡‡
Low ‡‡‡‡‡ ‡‡‡‡

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell
Powerpack only forecast
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 22.01 9.68 23.05 17.05
Low Price
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 53.56 28.18 43.26 36.72
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 319 290 326 355
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.56 0.92 1.04 0.91
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 178.17 265.57 339.23 322.87 ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 66.43% 38.04% 39.71% 36.07%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 40.10 4.94 27.54 (50.87)
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 22.51% 1.86% 8.12% (15.76%) ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 35.54 8.42 25.28 (35.17) ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.73 5.75 8.46 6.19
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 18.69 30.05 39.04 36.98 ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 3.73 0.95 2.91 (4.03) ‡‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.68 1.32 1.50 0.40
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.84) (0.61) (0.30) (0.14) ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6.84 0.71 1.20 0.25
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 38.29 41.05 44.20 41.21
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9.53 8.84 8.69 8.73 ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ 6.62 24.73 12.37 0.00 ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.31 0.80 0.92 0.56 ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.64 0.59 0.81 0.51 ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.72 2.53 1.15 0.70 ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.90 106.47 37.64 101.48
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 82.72 11.68 12.99 3.45 ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (17.52) (5.37) (2.59) (1.23)
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 65.21 6.31 10.40 2.22
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 308.13 171.14 (278.48) (572.58)
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 864.46 719.77 400.15 354.97
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 607.91 313.87 (66.26) (101.81)
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 364.97 362.80 384.06 359.77
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.81% 0.17% 0.46% (0.62%)
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.58% 0.46% 5.42% (12.33%)
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9.54% 2.31% 6.77% (9.46%)
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

First Internet Bancorp (INBK), a tech-forward regional bank specializing in commercial financing and digital deposits, has delivered robust revenue growth at a 24% CAGR from 2016-2024, reaching $339 million in 2024 amid efficient scaling—revenue per employee soared 174% to $1.04 million with only 70% headcount growth. Despite a 2023 profitability trough (EPS $0.95, EBT margin 1.9%) triggered by regional banking stresses and CRE pressures, 2024 marked a sharp rebound (EPS +206% to $2.91, ROE 6.8%), bolstered by deleveraging (debt -54% to $400 million) and a cash-surplus balance sheet (equity +150% to $384 million).

Valuation metrics signal opportunity: shares trade at a discount to book value (0.81x PB), implying 24% mean upside to consensus targets (high-end 42%), with historical multiples (avg PE 11x, PS 1.7x) and a DCF fair value supporting 25-30% potential. Recent insider buying ($188k across executives) adds conviction, correlating with 70% modeled probability of 2026 outperformance if 2025’s projected net loss (-$4.05 EPS, 40% odds) proves transitory amid Fed rate cuts and digital tailwinds.

Projections forecast a V-shaped recovery—revenue stabilizing post-2025 dip, EPS tripling by 2027, ROE to 9.2%—with probability-weighted returns at +28% base case (+55% bull, -15% bear). Revenue growth explains 85% of EPS variance (R²=0.85), positioning INBK for fintech-like upside; monitor Q1 2026 FCF for confirmation.

First Internet Bancorp (INBK) Latest News

News by impact score

Fine-tune

8 Aug

4 transcript www.fool.com, 10:08 AM

First Internet Bancorp (INBK) Q2 2026 earnings call transcript covers quarterly financial results, management discussion and forward outlook. Earnings call reveals financial results and guidance that typically move stock price and investor views.

31 Jul

4 , 1:01 AM

First Internet Bancorp reported 23% revenue growth in Q2 2026 earnings amid credit developments. Revenue surge signals substantial growth that can markedly improve market standing and future outlook.

3 transcript www.marketbeat.com, 8:03 PM

First Internet Bancorp held its Q2 earnings call, covering quarterly financial results, net interest income, loan growth, deposit trends and management outlook for the bank. Quarterly earnings updates supply fresh financial metrics that can shift near-term investor sentiment and valuation for INBK.

3 app.moby.co, 8:30 AM

First Internet Bancorp discussed Q2 2026 financial results and outlook in its earnings call. Earnings call delivers financial metrics and guidance that can moderately shift investor sentiment and near-term performance.

30 Jul

3 , 6:30 PM

First Internet Bancorp Q2 earnings key metrics analyzed for insights on financial performance and operational results. Q2 earnings metrics offer moderate visibility into financial trends that may influence near-term investor views.

3 , 4:08 PM

First Internet Bancorp reported its second quarter 2026 financial results. Quarterly earnings releases update financial performance and can shift near-term investor views without guaranteeing major strategic shifts.

28 Jul

3 , 2:58 PM

First Internet Bank launches AI-powered financial intelligence tools for direct customer access. AI rollout may enhance product offerings and competitive positioning without fundamentally altering company trajectory.

14 May

3 Insider Monkey, 1:50 AM

Piper Sandler reports elevated credit costs continue to weigh on First Internet Bancorp (INBK). Elevated credit costs directly pressure INBK's profitability and market sentiment.

1 May

4 transcript www.fool.com, 12:31 PM

First Internet Bancorp (INBK) Q1 2026 earnings call transcript details quarterly financial performance, key metrics, management insights, and forward guidance. Q1 2026 earnings transcript discloses critical financial results and strategic updates that significantly influence INBK's market performance and investor outlook.

4 app.moby.co, 8:30 AM

First Internet Bancorp (INBK) released Q1 2026 earnings call summary detailing financial performance, strategic updates, and forward guidance. Q1 2026 earnings call summary reveals key financial metrics and outlook directly shaping INBK's valuation and market trajectory.

4 GuruFocus.com, 3:20 AM

First Internet Bancorp (INBK) reported strong revenue growth in Q1 2026 earnings call highlights amid challenges. Strong revenue growth demonstrates robust financial performance likely to enhance investor sentiment and future market trajectory.

30 Apr

4 Zacks, 8:45 PM

First Internet Bancorp (INBK) Q1 earnings surpass estimates. Q1 earnings beat signals strong financial results, likely driving positive investor sentiment and stock performance.

4 Zacks, 7:30 PM

Key metrics from First Internet Bancorp (INBK) Q1 earnings highlight performance insights. Q1 earnings metrics signal significant potential shifts in INBK's financial trajectory and market perception.

4 www.marketbeat.com, 7:21 PM

First Internet Bancorp's Q1 earnings call highlights key financial results, including revenue growth, net income, loan portfolio expansion, deposit increases, and forward guidance on interest rates and digital banking strategies. Q1 earnings highlights detail financial performance and strategic outlook, significantly impacting investor sentiment and stock trajectory.

3 , 4:07 PM

First Internet Bancorp reported first quarter 2026 results. Quarterly earnings releases directly affect financial metrics and investor sentiment.

11 Apr

3 Simply Wall St., 9:09 AM

First Internet Bancorp insiders purchased US$4.59 million worth of company stock, increasing their holdings. Insider purchases totaling $4.59 million signal executive confidence, likely boosting short-term market sentiment without fundamentally altering long-term trajectory.

30 Jan

4 transcript GuruFocus.com, 12:01 AM

First Internet Bancorp (INBK) reported strong revenue growth in its Q4 2025 earnings call, highlighting robust performance across various segments. The bank's strategic initiatives and focus on customer service contributed to improved financial results, positioning it favorably in the competitive landscape. Management expressed optimism about future growth prospects and ongoing investments in technology and innovation. Strong revenue growth and strategic initiatives indicate significant potential for future performance and market positioning.

29 Jan

4 transcript www.marketbeat.com, 6:55 PM

First Internet Bancorp reported its Q4 earnings, highlighting key financial metrics and strategic initiatives. The bank showed growth in deposits and loans, alongside improvements in net interest margin. Management discussed plans for expanding digital services and enhancing customer experience. The earnings call emphasized a positive outlook for the upcoming year, driven by ongoing investments in technology and a focus on operational efficiency. Significant strategic initiatives and growth in key financial metrics indicate a strong potential for future performance.

4 Zacks, 5:45 PM

First Internet Bancorp (INBK) reported its Q4 earnings, surpassing analysts' estimates. The bank's performance reflects strong financial management and growth strategies, contributing to positive investor sentiment. This achievement highlights the company's resilience in a competitive banking environment. Surpassing earnings estimates indicates significant financial performance improvements that could positively influence investor sentiment and future growth.

4 Associated Press Finance, 4:56 PM

First Internet Bancorp reported its Q4 earnings, showcasing a notable performance with increased revenues and improved net income compared to the previous quarter. The bank highlighted growth in its loan portfolio and a solid deposit base, contributing to its overall financial stability. Management expressed optimism about future growth prospects, citing strategic initiatives aimed at enhancing customer experience and expanding market reach. The results reflect the bank's resilience in a competitive landscape, positioning it favorably for upcoming challenges. The earnings report indicates significant growth and strategic initiatives that could alter the company's trajectory.

4 Business Wire, 4:08 PM

First Internet Bancorp reported its financial results for the fourth quarter and full year of 2025, highlighting key metrics such as net income, loan growth, and deposit trends. The bank experienced a notable increase in total assets and maintained a strong capital position. Management provided insights into strategic initiatives aimed at enhancing customer experience and expanding market reach. Overall, the results reflect a positive trajectory for the bank amidst a competitive landscape. The financial results indicate significant growth and strategic initiatives that could alter the company's trajectory and investor sentiment.

3 Zacks, 7:30 PM

First Internet Bancorp (INBK) reported its Q4 earnings, highlighting key metrics that reflect the bank's financial performance and operational efficiency. The results indicate a stable growth trajectory, with improvements in net interest income and a solid loan portfolio. The bank's strategic initiatives appear to be positively influencing its market position, although challenges in the broader economic environment remain a consideration for future performance. The earnings report shows moderate improvements in financial performance, which may influence investor sentiment and operational aspects.

3 transcript www.fool.com, 6:40 PM

First Internet Bancorp (INBK) reported its latest earnings, highlighting key financial metrics and performance indicators. The bank's results showed growth in deposits and loans, alongside a focus on expanding its digital banking services. Management discussed strategies for future growth and addressed market challenges. Overall, the earnings call provided insights into the bank's operational efficiency and outlook for the upcoming quarters. The earnings report indicates moderate growth and strategic focus, which may influence financial performance but is balanced by market conditions.

16 Jan

4 Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St., 7:51 AM

First Internet Bancorp (NASDAQ: INBK) has a strong institutional backing, with 73% of its shares owned by institutional investors. This significant ownership indicates confidence in the bank's stability and growth potential, which may positively influence its market performance and investor sentiment. High institutional ownership typically signals strong confidence in the company's future prospects and can impact its market performance significantly.

13 Jan

3 Business Wire, 4:12 PM

First Internet Bancorp (INBK) is set to announce its financial results for the fourth quarter and full year of 2025 on Thursday, January 29. Investors and analysts are likely to closely monitor these results for insights into the bank's performance and future outlook. The upcoming financial results may moderately influence investor sentiment and provide insights into the bank's performance.

3 Business Wire, 9:04 AM

First Internet Bank has been awarded the 2025 Best in Biz Award for its Do More Business™ Checking account. This recognition highlights the bank's commitment to providing innovative banking solutions tailored to the needs of businesses. The award reflects the bank's efforts in enhancing customer experience and supporting business growth through its offerings. Recognition from a prestigious award can enhance brand reputation and customer trust, potentially influencing market sentiment.

29 Nov

3 Simply Wall St., 7:34 AM

First Internet Bancorp (NASDAQ: INBK) has seen its investors face a significant loss of 54% over the past year. The decline in stock value raises concerns about the bank's performance and future prospects, as market conditions and investor sentiment shift. Analysts are closely monitoring the situation to assess potential recovery strategies and the bank's ability to navigate the challenging financial landscape. The substantial loss in stock value indicates a moderately noticeable influence on investor sentiment and future financial performance.

24 Oct

3 , 8:15 AM

First Internet Bancorp (INBK) continues to face five years of losses, raising concerns among investors. Despite this, analysts are optimistic about a projected 186% growth in earnings, which may shift focus towards potential recovery and profitability. The contrasting narratives of persistent losses and strong earnings forecasts create a complex outlook for the bank's future performance. The significant forecasted earnings growth could moderately influence investor sentiment and financial performance, despite ongoing losses.

23 Oct

4 GuruFocus.com, 11:01 PM

First Internet Bancorp (INBK) reported a significant revenue surge in Q3 2025, driven by strategic initiatives aimed at enhancing operational efficiency and expanding market reach. The earnings call highlighted strong performance metrics and positive outlooks for future growth, reflecting the bank's commitment to innovation and customer service. Management emphasized ongoing investments in technology and product offerings to maintain competitive advantage in the evolving financial landscape. The revenue surge and strategic initiatives are likely to significantly impact future performance and investor sentiment.

22 Oct

3 ZacksZacksZacks, 6:30 PM

First Internet Bancorp (INBK) reported its Q3 earnings, highlighting key metrics that were compared against market estimates. The results showed variations in performance indicators, which could influence investor sentiment and future projections for the bank. Analysts are assessing the implications of these earnings on the company's operational trajectory and market positioning. Earnings results may moderately influence financial performance and market sentiment but are not expected to drastically alter the company's trajectory.