First Internet Bancorp (INBK) Financial Ratios
21 years of historical data (2005–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
N/A
—
5yr avg: 20.12
30Y Low2.7·High49.4
P/FCF
↓
5.87
↓-68% vs avg
5yr avg: 18.28
30Y Low2.0·High70.9
P/B Ratio
↓
0.63
↓-17% vs avg
5yr avg: 0.76
30Y Low0.3·High1.3
ROE
↓
-9.5%
↑-308% vs avg
5yr avg: 4.5%
30Y Low-9%·High14%
Debt/EBITDA
↑
N/A
—
5yr avg: 25.67
30Y Low3.8·High24.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
INBK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
First Internet Bancorp currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 5.9x P/FCF, 68% below the 5-year average of 18.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $225M | $182M | $315M | $214M | $233M | $469M | $283M | $238M | $194M | $273M | $168M |
| Enterprise Value | $123M | $80M | $249M | $528M | $696M | $645M | $458M | $495M | $565M | $672M | $355M |
| P/E Ratio → | -6.40 | — | 12.50 | 25.46 | 6.56 | 9.76 | 9.61 | 9.45 | 8.89 | 17.91 | 13.91 |
| P/S Ratio | 0.70 | 0.56 | 0.95 | 0.82 | 1.34 | 2.90 | 1.65 | 1.46 | 1.58 | 2.89 | 2.33 |
| P/B Ratio | 0.63 | 0.51 | 0.82 | 0.59 | 0.64 | 1.23 | 0.85 | 0.78 | 0.67 | 1.22 | 1.09 |
| P/FCF | 5.87 | 4.76 | 30.34 | 33.95 | 3.57 | 18.81 | — | — | 7.16 | 11.80 | 7.20 |
| P/OCF | 5.68 | 4.61 | 24.28 | 18.35 | 2.82 | 8.56 | 21.65 | — | 6.62 | 11.08 | 6.33 |
P/E links to full P/E history page with 30-year chart
INBK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.25 | 0.75 | 2.03 | 4.01 | 3.98 | 2.67 | 3.04 | 4.58 | 7.13 | 4.92 |
| EV / EBITDA | — | — | 6.92 | 49.42 | 14.25 | 9.88 | 10.97 | 14.53 | 19.06 | 23.79 | 16.27 |
| EV / EBIT | — | — | 9.05 | 106.92 | 17.35 | 11.41 | 13.50 | 18.24 | 23.58 | 29.29 | 19.71 |
| EV / FCF | — | 2.10 | 23.96 | 83.66 | 10.67 | 25.87 | — | — | 20.81 | 29.07 | 15.22 |
INBK Profitability
Margins and return-on-capital ratios measuring operating efficiency
First Internet Bancorp earns an operating margin of -15.8%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 1.9% to -15.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -9.5% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.7% | 13.7% | 33.5% | 30.3% | 62.7% | 70.2% | 52.3% | 44.6% | 53.7% | 62.2% | 67.3% |
| Operating Margin | -15.8% | -15.8% | 8.3% | 1.9% | 23.1% | 34.9% | 19.8% | 16.7% | 19.4% | 24.3% | 24.9% |
| Net Profit Margin | -10.9% | -10.9% | 7.6% | 3.2% | 20.5% | 29.7% | 17.2% | 15.5% | 17.8% | 16.2% | 16.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.5% | -9.5% | 6.8% | 2.3% | 9.5% | 13.5% | 9.3% | 8.5% | 8.5% | 8.1% | 9.3% |
| ROA | -0.6% | -0.6% | 0.5% | 0.2% | 0.8% | 1.1% | 0.7% | 0.7% | 0.7% | 0.7% | 0.8% |
| ROIC | -5.1% | -5.1% | 2.2% | 0.3% | 2.9% | 4.4% | 2.8% | 2.3% | 2.4% | 3.3% | 3.9% |
| ROCE | -6.6% | -6.6% | 2.9% | 0.5% | 3.8% | 5.9% | 3.7% | 3.1% | 3.2% | 4.4% | 5.2% |
INBK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $457M exceeds total debt of $355M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.99 | 0.99 | 1.04 | 1.98 | 1.97 | 1.63 | 1.80 | 1.92 | 1.94 | 1.99 | 1.47 |
| Debt / EBITDA | — | — | 11.11 | 67.34 | 14.73 | 9.47 | 14.25 | 17.15 | 18.87 | 15.83 | 10.40 |
| Net Debt / Equity | — | -0.28 | -0.17 | 0.87 | 1.27 | 0.46 | 0.53 | 0.84 | 1.28 | 1.78 | 1.21 |
| Net Debt / EBITDA | — | — | -1.84 | 29.37 | 9.48 | 2.70 | 4.19 | 7.54 | 12.50 | 14.13 | 8.58 |
| Debt / FCF | — | -2.66 | -6.37 | 49.72 | 7.10 | 7.06 | — | — | 13.65 | 17.26 | 8.02 |
| Interest Coverage | -0.25 | -0.25 | 0.13 | 0.03 | 0.67 | 1.20 | 0.47 | 0.32 | 0.45 | 0.75 | 0.94 |
Net cash position: cash ($457M) exceeds total debt ($355M)
INBK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.23x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.45x to 0.23x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.23 | 0.23 | 0.38 | 0.45 | 0.46 | 0.60 | 0.57 | 0.59 | 0.60 | 0.64 | 0.75 |
| Quick Ratio | 0.23 | 0.23 | 0.38 | 0.45 | 0.46 | 0.60 | 0.57 | 0.59 | 0.60 | 0.64 | 0.75 |
| Cash Ratio | 0.09 | 0.09 | 0.09 | 0.10 | 0.07 | 0.14 | 0.13 | 0.10 | 0.07 | 0.02 | 0.03 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
INBK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
First Internet Bancorp returns 1.2% to shareholders annually — split between a 0.9% dividend yield and 0.2% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 8.2% | 25.6% | 6.5% | 5.0% | 8.0% | 9.6% | 10.2% | 11.0% | 9.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 8.0% | 3.9% | 15.2% | 10.2% | 10.4% | 10.6% | 11.3% | 5.6% | 7.2% |
| FCF Yield | 17.0% | 21.0% | 3.3% | 2.9% | 28.0% | 5.3% | — | — | 14.0% | 8.5% | 13.9% |
| Buyback Yield | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $9M | $9M | $9M | $10M | $10M | $10M | $10M | $10M | $7M | $5M |
Peer Comparison
Compare INBK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 INBKYou | $225M | -6.4 | — | 5.9 | 13.7% | -15.8% | -9.5% | -5.1% | — |
 SOFI | $23B | 45.9 | 26.0 | — | 75.1% | 11.0% | 5.7% | 3.6% | 2.4 |
 HONE | $522M | 18.3 | 20.8 | 200.7 | 50.9% | 10.9% | 4.7% | 2.3% | 13.3 |
 NBTB | $2B | 14.0 | 10.7 | 11.1 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 CFFN | $1B | 15.5 | 30.3 | 21.1 | 47.3% | 19.9% | 6.5% | 2.0% | 21.5 |
 FIS | $20B | 50.9 | 6.4 | 7.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $26B | 7.5 | 6.1 | 5.9 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 JKHY | $9B | 20.2 | 11.7 | 15.5 | 42.7% | 23.9% | 21.4% | 21.0% | — |
 LMND | $5B | -25.6 | — | — | 40.3% | -21.8% | -29.4% | -36.8% | — |
 UPST | $3B | 72.1 | 54.3 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
 LC | $2B | 16.7 | 3.3 | — | 64.7% | 25.0% | 9.5% | 17.3% | 0.0 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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INBK — Frequently Asked Questions
Quick answers to the most common questions about buying INBK stock.
What is First Internet Bancorp's P/E ratio?
First Internet Bancorp's current P/E ratio is -6.4x. The historical average is 11.9x.
What is First Internet Bancorp's ROE?
First Internet Bancorp's return on equity (ROE) is -9.5%. The historical average is 6.1%.
Is INBK stock overvalued?
Based on historical data, First Internet Bancorp is trading at a P/E of -6.4x. Compare with industry peers and growth rates for a complete picture.
What is First Internet Bancorp's dividend yield?
First Internet Bancorp's current dividend yield is 0.93%.
What are First Internet Bancorp's profit margins?
First Internet Bancorp has 13.7% gross margin and -15.8% operating margin.