8-K Announcements
6Apr 30, 2026·SEC
Mar 17, 2026·SEC
Jan 29, 2026·SEC
First Internet Bancorp (INBK) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
First Internet Bancorp (INBK) stock price & volume — 10-year historical chart
First Internet Bancorp (INBK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
First Internet Bancorp (INBK) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.29vs $0.08+262.5% | $43Mvs $46M-5.6% |
| Q2 2026 | Mar 11, 2026 | $0.60 | $89M |
| Q1 2026 | Jan 29, 2026 | $0.64vs $0.59+8.5% | $42Mvs $44M-3.2% |
| Q4 2025 | Oct 22, 2025 | $1.43vs $0.66-316.7% | $58Mvs $33M+75.3% |
First Internet Bancorp (INBK) competitors in Digital banks and banking-as-a-service — business model, growth, and fundamentals comparison
First Internet Bancorp (INBK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
First Internet Bancorp (INBK) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 53.98M | 62.27M | 62.97M | 64.54M | 86.56M | 97.09M | 74.9M | 87.38M | 113.76M |
| 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 Income | 84.7M | 115.47M | 147.41M | 136.86M | 133.88M | 156.91M | 239.44M | 291.89M | 320.16M |
| Interest Expense | 30.71M | 53.2M | 84.45M | 72.32M | 47.33M | 59.81M | 164.54M | 204.51M | 206.4M |
| Loan Loss Provision | 4.87M | 3.89M | 5.97M | 9.32M | 1.03M | 4.98M | 16.7M | 17.21M | 72.31M |
| Non-Interest Income | 9.51M | 7.82M | 15.65M | 34.3M | 28.21M | 16.82M | 20.41M | 41.54M | 2.71M |
| 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 Expense | 35.7M | 42.24M | 45.49M | 55.62M | 57.16M | 68.84M | 73.68M | 84.16M | 95.03M |
| Efficiency Ratio | 37.89% | 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 Tax | 7.7M | 2.05M | 1.92M | 4.45M | 8.46M | 4.56M | -3.48M | 2.27M | -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) | 15.23M | 21.9M | 25.24M | 29.45M | 48.11M | 35.54M | 8.42M | 25.28M | -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) | 2.14 | 2.31 | 2.51 | 2.99 | 4.85 | 3.73 | 0.95 | 2.91 | -4.03 |
| Diluted Shares Outstanding | 7.15M | 9.51M | 10.04M | 9.84M | 9.98M | 9.6M | 8.86M | 8.77M | 8.73M |
First Internet Bancorp (INBK) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 521.26M | 670.06M | 868.21M | 917.43M | 1.05B | 646.94M | 880.75M | 879.71M | 1.07B |
| Cash & Due from Banks | 47.98M | 188.71M | 327.36M | 419.81M | 442.96M | 256.55M | 405.9M | 466.41M | 456.78M |
| Short Term Investments | 473.27M | 481.35M | 540.85M | 497.63M | 603.04M | 390.38M | 474.86M | 413.3M | 615.5M |
| Total Investments | 1.82B | 2.3B | 2.6B | 2.69B | 2.7B | 3.14B | 3.6B | 4.07B | 4.61B |
| Investments Growth % | 60.25% | 26.67% | 13.18% | 3.09% | 0.72% | 16.11% | 14.55% | 13.23% | 13.11% |
| Long-Term Investments | 1.34B | 1.82B | 2.06B | 2.19B | 2.1B | 2.75B | 3.12B | 3.66B | 3.99B |
| Accounts Receivables | 11.94M | 16.82M | 18.61M | 17.42M | 16.04M | 21.07M | 26.75M | 28.18M | 27.91M |
| Goodwill & Intangibles | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M |
| Goodwill | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 10.06M | 10.7M | 14.63M | 37.59M | 59.84M | 72.71M | 73.46M | 71.45M | 67.93M |
| Other Assets | 72.9M | 100.02M | 134.26M | 131.47M | 117.29M | 119.36M | 131.27M | 149.41M | 407.5M |
| Total Current Assets | 1.34B | 1.61B | 1.88B | 1.89B | 1.93B | 1.6B | 1.84B | 1.85B | 1.1B |
| Total Non-Current Assets | 1.43B | 1.94B | 2.22B | 2.36B | 2.28B | 2.95B | 3.33B | 3.89B | 4.47B |
| 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 Payable | 311K | 1.11M | 3.77M | 1.44M | 2.02M | 2.91M | 3.85M | 2.5M | 1.74M |
| Total Debt | 446.9M | 559.03M | 584.44M | 594.52M | 619.15M | 719.46M | 719.77M | 400.15M | 354.96M |
| Net Debt | 398.92M | 370.32M | 257.08M | 174.71M | 176.19M | 462.91M | 313.87M | -66.26M | -101.81M |
| Long-Term Debt | 446.9M | 559.03M | 584.44M | 594.52M | 619.15M | 719.46M | 719.77M | 400.15M | 354.96M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 14.18M | 17.95M | 15.36M |
| Total Current Liabilities | 2.1B | 2.69B | 3.21B | 3.32B | 3.21B | 3.46B | 4.07B | 4.94B | 4.84B |
| Total Non-Current Liabilities | 446.9M | 559.03M | 584.44M | 594.52M | 619.15M | 719.46M | 733.96M | 418.1M | 370.32M |
| Total Liabilities | 2.54B | 3.25B | 3.8B | 3.92B | 3.83B | 4.18B | 4.8B | 5.35B | 5.21B |
| 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 Share | 31.35 | 30.36 | 30.36 | 33.63 | 38.13 | 38.04 | 40.95 | 43.81 | 41.21 |
| Tangible BV per Share | 30.70 | 29.87 | 29.89 | 33.15 | 37.66 | 37.55 | 40.42 | 43.28 | 40.67 |
| Common Stock | 172.04M | 227.59M | 219.42M | 221.41M | 218.95M | 192.94M | 184.7M | 186.09M | 186.58M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 57.1M | 77.69M | 99.68M | 126.73M | 172.43M | 205.68M | 207.47M | 230.62M | 193.32M |
| Accumulated OCI | -5.02M | -16.54M | -14.19M | -17.2M | -11.04M | -33.64M | -29.38M | -32.65M | -20.13M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
First Internet Bancorp (INBK) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 24.62M | 29.36M | -43.58M | 13.07M | 54.84M | 82.72M | 11.68M | 12.99M | 12.1M |
| Operating CF Growth % | -6.97% | 19.22% | -248.44% | 129.99% | 319.65% | 50.84% | -85.88% | 11.23% | -6.83% |
| Net Income | 15.23M | 21.9M | 25.24M | 29.45M | 48.11M | 35.54M | 8.42M | 25.28M | -35.17M |
| Depreciation & Amortization | 5.3M | 5.67M | 6.93M | 7.83M | 8.78M | 8.73M | 5.75M | 8.46M | 0 |
| Deferred Taxes | -3.3M | 978K | -4.4M | -4.12M | 2.43M | 4.63M | -4.35M | -1.36M | 0 |
| Other Non-Cash Items | 8.99M | 12.12M | -33.52M | -22.35M | -13.1M | 25.07M | 9.95M | -25.17M | 41.61M |
| Working Capital Changes | -2.63M | -12.84M | -39.5M | 142K | 6.23M | 6.72M | -9.34M | 3.97M | 5.66M |
| Cash from Investing | -908.15M | -638.71M | -313.27M | -44.81M | 43.87M | -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 Investments | 77.53M | 62.51M | 122.75M | 196.71M | 174.78M | 88.13M | 72.25M | 110.96M | 0 |
| Net Investment Activity | -16.48M | -29.04M | -88.46M | 50.62M | -107.44M | 30.4M | -116.56M | -150.55M | -7.72M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -890.15M | -607.45M | -220.71M | -69.87M | 181.21M | -613.92M | -352.57M | -343.03M | 0 |
| Cash from Financing | 892.06M | 750.09M | 495.5M | 124.19M | -75.56M | 331.9M | 612.17M | 543.69M | -2.87M |
| Dividends Paid | -1.68M | -2.23M | -2.42M | -2.35M | -2.42M | -2.32M | -2.16M | -2.08M | -2.09M |
| Share Repurchases | 0 | -216K | -9.78M | 0 | -4.44M | -27.78M | -9.34M | -283K | -521K |
| Stock Issued | 51.64M | 54.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | 51.64M | 54.12M | -9.78M | 0 | -4.44M | -27.78M | -9.34M | -283K | -521K |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | -1000K | -1000K |
| Other Financing | 621.9M | 586.2M | 482.28M | 116.77M | -92.37M | 262M | 623.66M | 866.05M | 45.24M |
| 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 Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 39.45M | 47.98M | 188.71M | 327.36M | 419.81M | 442.96M | 256.55M | 405.9M | 13M |
| Cash at End | 47.98M | 188.71M | 327.36M | 419.81M | 442.96M | 256.55M | 405.9M | 466.41M | 14.51M |
| Interest Paid | 30.52M | 52.4M | 81.79M | 74.65M | 46.75M | 58.92M | 163.6M | 205.86M | 207.15M |
| Income Taxes Paid | 6.57M | 485K | 4.56M | 5.91M | 7.04M | 2M | 939K | 684K | 99K |
| 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% |
First Internet Bancorp (INBK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 2.14% | 1.95% | 1.76% | 1.54% | 1.52% | 2.06% | 2.14% | 1.45% | 1.52% | 2.04% |
| Efficiency Ratio | 42.39% | 37.89% | 34.26% | 27.9% | 32.49% | 35.27% | 39.62% | 28.35% | 25.24% | 29.43% |
| Equity / Assets | 8.3% | 8.1% | 8.15% | 7.44% | 7.79% | 9.03% | 8.03% | 7.02% | 6.69% | 6.46% |
| Book Value / Share | 29.38 | 31.35 | 30.36 | 30.36 | 33.63 | 38.13 | 38.04 | 40.95 | 43.81 | 41.21 |
| NII Growth | 29.06% | 36.01% | 15.35% | 1.12% | 2.5% | 34.11% | 12.17% | -22.85% | 16.65% | 30.19% |
| Dividend Payout | 9.93% | 11% | 10.18% | 9.58% | 7.98% | 5.02% | 6.52% | 25.61% | 8.22% | - |
First Internet Bancorp (INBK) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Mar 17, 2026·SEC
Jan 29, 2026·SEC
First Internet Bancorp (INBK) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
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.
First Internet Bancorp (INBK) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates