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INBK logoFirst Internet Bancorp(INBK)Earnings, Financials & Key Ratios

INBK•NASDAQ•Banking & Credit
$25.52
$222M mkt cap·Price updated May 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryDigital banks and banking-as-a-service
AboutFirst Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity and improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; franchise finance; and small business lending. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of municipal finance lending and leasing products to government entities. In addition, it offers corporate credit card and treasury management services. The company provides its services through its firstib.com Website. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.Show more
  • Net Interest Income$114M+30.2%
  • Total Revenue$323M-3.2%
  • Net Income-$35M-239.1%
  • Return on Equity-9.46%-239.7%
  • Net Interest Margin2.04%+34.1%
  • Efficiency Ratio29.43%+16.6%
  • ROA-0.62%-234.2%
  • Equity / Assets6.46%-3.5%
  • Book Value per Share41.21-5.9%
  • Tangible BV/Share40.67-6.0%
  • Debt/Equity0.99-5.3%
Technical→

INBK Key Insights

First Internet Bancorp (INBK) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 29.4% efficiency ratio
  • ✓Trading at only 0.6x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

INBK Price & Volume

First Internet Bancorp (INBK) stock price & volume — 10-year historical chart

Loading chart...

INBK Growth Metrics

First Internet Bancorp (INBK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years20.28%
5 Years13.53%
3 Years22.95%
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-239.14%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-239.38%

Return on Capital

10 Years2.6%
5 Years1.29%
3 Years-1.1%
Last Year-6.64%

INBK Recent Earnings

First Internet Bancorp (INBK) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (44%)●Beat Revenue 6/12 qtrs (67%)
Q2 2026Latest
Apr 30, 2026
EPS
$0.29
Est $0.08
+262.5%
Revenue
$43M
Est $46M
-5.6%
Q2 2026
Mar 11, 2026
EPS
$0.60
Revenue
$89M
Q1 2026
Jan 29, 2026
EPS
$0.64
Est $0.59
+8.5%
Revenue
$42M
Est $44M
-3.2%
Q4 2025
Oct 22, 2025
EPS
$1.43
Est $0.66
-316.7%
Revenue
$58M
Est $33M
+75.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.29vs $0.08+262.5%
$43Mvs $46M-5.6%
Q2 2026Mar 11, 2026
$0.60
$89M
Q1 2026Jan 29, 2026
$0.64vs $0.59+8.5%
$42Mvs $44M-3.2%
Q4 2025Oct 22, 2025
$1.43vs $0.66-316.7%
$58Mvs $33M+75.3%
Based on last 12 quarters of dataView full earnings history →

INBK Peer Comparison

First Internet Bancorp (INBK) competitors in Digital banks and banking-as-a-service — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SOFI logoSOFISoFi Technologies, Inc.Product Competitor20.4B16.0041.0328.78%5.87%0.17
HONE logoHONEHarborOne Bancorp, Inc.Product Competitor522.22M12.1018.3310.7%4.56%0.90
NBTB logoNBTBNBT Bancorp Inc.Product Competitor2.35B45.0713.5310.36%9.51%0.17
CFFN logoCFFNCapitol Federal Financial, Inc.Product Competitor1.02B7.8215.0410.03%6.99%1.86
FIS logoFISFidelity National Information Services, Inc.Supply Chain24.47B47.25635.43%3.51%2.75%0.29
FISV logoFISVFiserv, Inc.Supply Chain30.38B56.818.963.6%15.17%12.43%1.13
JKHY logoJKHYJack Henry & Associates, Inc.Supply Chain10.57B146.0323.407.21%20.64%24.03%
LMND logoLMNDLemonade, Inc.Often Compared4.18B54.43-23.6740.15%-16.92%-26.52%0.34

Compare INBK vs Peers

First Internet Bancorp (INBK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SOFI

Most directly comparable listed peer for INBK.

Scale Benchmark

vs FISV

Larger-name benchmark to compare INBK against a more recognizable public peer.

Peer Set

Compare Top 5

vs SOFI, HONE, NBTB, CFFN

INBK Income Statement

First Internet Bancorp (INBK) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income53.98M62.27M62.97M64.54M86.56M97.09M74.9M87.38M113.76M
NII Growth %36.01%15.35%1.12%2.5%34.11%12.17%-22.85%16.65%30.19%
Net Interest Margin %1.95%1.76%1.54%1.52%2.06%2.14%1.45%1.52%2.04%
Interest Income84.7M115.47M147.41M136.86M133.88M156.91M239.44M291.89M320.16M
Interest Expense30.71M53.2M84.45M72.32M47.33M59.81M164.54M204.51M206.4M
Loan Loss Provision4.87M3.89M5.97M9.32M1.03M4.98M16.7M17.21M72.31M
Non-Interest Income9.51M7.82M15.65M34.3M28.21M16.82M20.41M41.54M2.71M
Non-Interest Income %10.1%6.34%9.6%20.04%17.4%9.68%7.85%12.46%0.84%
Total Revenue
94.21M▲ 0%
123.28M▲ 30.9%
163.06M▲ 32.3%
171.16M▲ 5.0%
162.09M▼ 5.3%
173.73M▲ 7.2%
259.85M▲ 49.6%
333.42M▲ 28.3%
322.87M▼ 3.2%
Revenue Growth %30.69%30.86%32.26%4.97%-5.3%7.18%49.57%28.31%-3.17%
Non-Interest Expense35.7M42.24M45.49M55.62M57.16M68.84M73.68M84.16M95.03M
Efficiency Ratio37.89%34.26%27.9%32.49%35.27%39.62%28.35%25.24%29.43%
Operating Income
22.93M▲ 0%
23.95M▲ 4.5%
27.16M▲ 13.4%
33.9M▲ 24.8%
56.57M▲ 66.9%
40.1M▼ 29.1%
4.94M▼ 87.7%
27.54M▲ 457.5%
-50.87M▼ 284.7%
Operating Margin %24.34%19.43%16.65%19.8%34.9%23.08%1.9%8.26%-15.76%
Operating Income Growth %27.48%4.47%13.38%24.83%66.89%-29.12%-87.68%457.53%-284.7%
Pretax Income
22.93M▲ 0%
23.95M▲ 4.5%
27.16M▲ 13.4%
33.9M▲ 24.8%
56.57M▲ 66.9%
40.1M▼ 29.1%
4.94M▼ 87.7%
27.54M▲ 457.5%
-50.87M▼ 284.7%
Pretax Margin %24.34%19.43%16.65%19.8%34.9%23.08%1.9%8.26%-15.76%
Income Tax7.7M2.05M1.92M4.45M8.46M4.56M-3.48M2.27M-15.7M
Effective Tax Rate %33.59%8.57%7.06%13.11%14.95%11.37%-70.38%8.23%30.87%
Net Income
15.23M▲ 0%
21.9M▲ 43.8%
25.24M▲ 15.2%
29.45M▲ 16.7%
48.11M▲ 63.4%
35.54M▼ 26.1%
8.42M▼ 76.3%
25.28M▲ 200.3%
-35.17M▼ 239.1%
Net Margin %16.16%17.76%15.48%17.21%29.68%20.46%3.24%7.58%-10.89%
Net Income Growth %26.11%43.83%15.25%16.7%63.36%-26.13%-76.32%200.3%-239.14%
Net Income (Continuing)15.23M21.9M25.24M29.45M48.11M35.54M8.42M25.28M-35.17M
EPS (Diluted)
2.13▲ 0%
2.30▲ 8.0%
2.51▲ 9.1%
2.99▲ 19.1%
4.82▲ 61.2%
3.70▼ 23.2%
0.95▼ 74.3%
2.88▲ 203.2%
-4.03▼ 239.9%
EPS Growth %-7.39%7.98%9.13%19.12%61.2%-23.24%-74.32%203.16%-239.93%
EPS (Basic)2.142.312.512.994.853.730.952.91-4.03
Diluted Shares Outstanding7.15M9.51M10.04M9.84M9.98M9.6M8.86M8.77M8.73M

INBK Balance Sheet

First Internet Bancorp (INBK) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments521.26M670.06M868.21M917.43M1.05B646.94M880.75M879.71M1.07B
Cash & Due from Banks47.98M188.71M327.36M419.81M442.96M256.55M405.9M466.41M456.78M
Short Term Investments473.27M481.35M540.85M497.63M603.04M390.38M474.86M413.3M615.5M
Total Investments1.82B2.3B2.6B2.69B2.7B3.14B3.6B4.07B4.61B
Investments Growth %60.25%26.67%13.18%3.09%0.72%16.11%14.55%13.23%13.11%
Long-Term Investments1.34B1.82B2.06B2.19B2.1B2.75B3.12B3.66B3.99B
Accounts Receivables11.94M16.82M18.61M17.42M16.04M21.07M26.75M28.18M27.91M
Goodwill & Intangibles4.69M4.69M4.69M4.69M4.69M4.69M4.69M4.69M4.69M
Goodwill4.69M4.69M4.69M4.69M4.69M4.69M4.69M4.69M4.69M
Intangible Assets000000000
PP&E (Net)10.06M10.7M14.63M37.59M59.84M72.71M73.46M71.45M67.93M
Other Assets72.9M100.02M134.26M131.47M117.29M119.36M131.27M149.41M407.5M
Total Current Assets1.34B1.61B1.88B1.89B1.93B1.6B1.84B1.85B1.1B
Total Non-Current Assets1.43B1.94B2.22B2.36B2.28B2.95B3.33B3.89B4.47B
Total Assets
2.77B▲ 0%
3.54B▲ 28.0%
4.1B▲ 15.8%
4.25B▲ 3.6%
4.21B▼ 0.8%
4.54B▲ 7.9%
5.17B▲ 13.7%
5.74B▲ 11.0%
5.57B▼ 2.9%
Asset Growth %49.25%27.97%15.77%3.56%-0.83%7.89%13.75%11.04%-2.9%
Return on Assets (ROA)0.66%0.69%0.66%0.71%1.14%0.81%0.17%0.46%-0.62%
Accounts Payable311K1.11M3.77M1.44M2.02M2.91M3.85M2.5M1.74M
Total Debt446.9M559.03M584.44M594.52M619.15M719.46M719.77M400.15M354.96M
Net Debt398.92M370.32M257.08M174.71M176.19M462.91M313.87M-66.26M-101.81M
Long-Term Debt446.9M559.03M584.44M594.52M619.15M719.46M719.77M400.15M354.96M
Short-Term Debt000000000
Other Liabilities00000014.18M17.95M15.36M
Total Current Liabilities2.1B2.69B3.21B3.32B3.21B3.46B4.07B4.94B4.84B
Total Non-Current Liabilities446.9M559.03M584.44M594.52M619.15M719.46M733.96M418.1M370.32M
Total Liabilities2.54B3.25B3.8B3.92B3.83B4.18B4.8B5.35B5.21B
Total Equity
224.13M▲ 0%
288.74M▲ 28.8%
304.91M▲ 5.6%
330.94M▲ 8.5%
380.34M▲ 14.9%
364.97M▼ 4.0%
362.8M▼ 0.6%
384.06M▲ 5.9%
359.77M▼ 6.3%
Equity Growth %45.59%28.83%5.6%8.54%14.93%-4.04%-0.6%5.86%-6.33%
Equity / Assets (Capital Ratio)8.1%8.15%7.44%7.79%9.03%8.03%7.02%6.69%6.46%
Return on Equity (ROE)8.05%8.54%8.5%9.26%13.53%9.54%2.31%6.77%-9.46%
Book Value per Share31.3530.3630.3633.6338.1338.0440.9543.8141.21
Tangible BV per Share30.7029.8729.8933.1537.6637.5540.4243.2840.67
Common Stock172.04M227.59M219.42M221.41M218.95M192.94M184.7M186.09M186.58M
Additional Paid-in Capital000000000
Retained Earnings57.1M77.69M99.68M126.73M172.43M205.68M207.47M230.62M193.32M
Accumulated OCI-5.02M-16.54M-14.19M-17.2M-11.04M-33.64M-29.38M-32.65M-20.13M
Treasury Stock000000000
Preferred Stock000000000

INBK Cash Flow Statement

First Internet Bancorp (INBK) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations24.62M29.36M-43.58M13.07M54.84M82.72M11.68M12.99M12.1M
Operating CF Growth %-6.97%19.22%-248.44%129.99%319.65%50.84%-85.88%11.23%-6.83%
Net Income15.23M21.9M25.24M29.45M48.11M35.54M8.42M25.28M-35.17M
Depreciation & Amortization5.3M5.67M6.93M7.83M8.78M8.73M5.75M8.46M0
Deferred Taxes-3.3M978K-4.4M-4.12M2.43M4.63M-4.35M-1.36M0
Other Non-Cash Items8.99M12.12M-33.52M-22.35M-13.1M25.07M9.95M-25.17M41.61M
Working Capital Changes-2.63M-12.84M-39.5M142K6.23M6.72M-9.34M3.97M5.66M
Cash from Investing-908.15M-638.71M-313.27M-44.81M43.87M-601.03M-474.5M-496.17M-7.72M
Purchase of Investments-94.01M-91.55M-211.21M-146.09M-282.23M-57.73M-188.81M-261.5M-7.72M
Sale/Maturity of Investments77.53M62.51M122.75M196.71M174.78M88.13M72.25M110.96M0
Net Investment Activity-16.48M-29.04M-88.46M50.62M-107.44M30.4M-116.56M-150.55M-7.72M
Acquisitions000000000
Other Investing-890.15M-607.45M-220.71M-69.87M181.21M-613.92M-352.57M-343.03M0
Cash from Financing892.06M750.09M495.5M124.19M-75.56M331.9M612.17M543.69M-2.87M
Dividends Paid-1.68M-2.23M-2.42M-2.35M-2.42M-2.32M-2.16M-2.08M-2.09M
Share Repurchases0-216K-9.78M0-4.44M-27.78M-9.34M-283K-521K
Stock Issued51.64M54.33M0000000
Net Stock Activity51.64M54.12M-9.78M0-4.44M-27.78M-9.34M-283K-521K
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K0-1000K-1000K
Other Financing621.9M586.2M482.28M116.77M-92.37M262M623.66M866.05M45.24M
Net Change in Cash
8.53M▲ 0%
140.73M▲ 1550.0%
138.65M▼ 1.5%
92.44M▼ 33.3%
23.15M▼ 75.0%
-186.41M▼ 905.1%
149.35M▲ 180.1%
60.51M▼ 59.5%
1.51M▼ 97.5%
Exchange Rate Effect000000000
Cash at Beginning39.45M47.98M188.71M327.36M419.81M442.96M256.55M405.9M13M
Cash at End47.98M188.71M327.36M419.81M442.96M256.55M405.9M466.41M14.51M
Interest Paid30.52M52.4M81.79M74.65M46.75M58.92M163.6M205.86M207.15M
Income Taxes Paid6.57M485K4.56M5.91M7.04M2M939K684K99K
Free Cash Flow
23.11M▲ 0%
27.14M▲ 17.4%
-47.68M▼ 275.7%
-12.49M▲ 73.8%
24.95M▲ 299.7%
65.21M▲ 161.4%
6.31M▼ 90.3%
10.4M▲ 64.7%
38.3M▲ 268.3%
FCF Growth %-0.82%17.44%-275.71%73.8%299.73%161.37%-90.32%64.74%268.28%

INBK Banking Ratios

First Internet Bancorp (INBK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)9.35%8.05%8.54%8.5%9.26%13.53%9.54%2.31%6.77%-9.46%
Return on Assets (ROA)0.77%0.66%0.69%0.66%0.71%1.14%0.81%0.17%0.46%-0.62%
Net Interest Margin2.14%1.95%1.76%1.54%1.52%2.06%2.14%1.45%1.52%2.04%
Efficiency Ratio42.39%37.89%34.26%27.9%32.49%35.27%39.62%28.35%25.24%29.43%
Equity / Assets8.3%8.1%8.15%7.44%7.79%9.03%8.03%7.02%6.69%6.46%
Book Value / Share29.3831.3530.3630.3633.6338.1338.0440.9543.8141.21
NII Growth29.06%36.01%15.35%1.12%2.5%34.11%12.17%-22.85%16.65%30.19%
Dividend Payout9.93%11%10.18%9.58%7.98%5.02%6.52%25.61%8.22%-

INBK SEC Filings & Documents

First Internet Bancorp (INBK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Mar 17, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 11, 2026·SEC

FY 2025

Mar 12, 2025·SEC

FY 2024

Mar 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

INBK Frequently Asked Questions

First Internet Bancorp (INBK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

First Internet Bancorp (INBK) saw revenue decline by 3.2% over the past year.

First Internet Bancorp (INBK) reported a net loss of $35.2M for fiscal year 2025.

Dividend & Returns

Yes, First Internet Bancorp (INBK) pays a dividend with a yield of 0.94%. This makes it attractive for income-focused investors.

First Internet Bancorp (INBK) has a return on equity (ROE) of -9.5%. Negative ROE indicates the company is unprofitable.

Industry Metrics

First Internet Bancorp (INBK) has a net interest margin (NIM) of 2.0%. NIM has been under pressure due to interest rate environment.

First Internet Bancorp (INBK) has an efficiency ratio of 29.4%. This is excellent, indicating strong cost control.

Explore More INBK

First Internet Bancorp (INBK) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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