First Internet Bancorp INBK

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

First Internet Bancorp is a bank holding company headquartered in Fishers, Indiana that conducts its primary business activities through its wholly-owned subsidiary, First Internet Bank of Indiana, an Indiana chartered bank. The Bank was the first state-chartered, Federal Deposit Insurance Corporation ("FDIC") insured Internet bank and commenced banking operations in 1999. First Internet Bancorp was incorporated under the laws of the State of Indiana on September 15, 2005. On March 21, 2006, we consummated a plan of exchange by which we acquired all of the outstanding shares of the Bank.

The Bank has three wholly-owned subsidiaries: First Internet Public Finance Corp., an Indiana corporation that provides a range of public and municipal finance lending and leasing products to governmental entities throughout the United States and acquires securities issued by state and local governments and other municipalities; JKH Realty Services, LLC, a Delaware limited liability company that manages other real estate owned properties as needed; and SPF15, Inc., an Indiana corporation that owns real estate used primarily for the Bank's principal office.

Last close 26.71 2026-10-23
Market cap $233.3M 2026-06-30 share count
52-week range 17.05 - 31.09

Valuation FY2025 figures against the last close

P/S0.7x
P/E—
P/FCF105.0x
EV/EBITDA—
Dividend yield0.9%
Diluted EPS-4.03

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $320.2M$291.9M$239.4M$156.9M$133.9M$136.9M$147.4M$115.5M$7.8M$58.9M
Interest expense $113.8M$87.4M$74.9M$97.1M$47.3M$72.3M$84.4M$53.2M$30.7M$19.2M
Pre-tax income -$50.9M$27.5M$4.9M$40.1M$56.6M$33.9M$27.2M$24.0M$22.9M$18.0M
Income tax $15.7M$2.3M$3.5M$4.6M$8.5M$4.4M$1.9M$2.1M$7.7M$5.9M
Net income -$35.2M$25.3M$8.4M$35.5M$48.1M$29.5M$25.2M$21.9M$15.2M$12.1M
EPS, basic -4.032.910.953.734.852.992.512.312.142.32
EPS, diluted -4.032.880.953.704.822.992.512.302.132.30
Shares, diluted (wtd. avg.) 8.7M8.8M8.9M9.6M10.0M9.8M10.0M9.5M7.1M5.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $456.8M$466.4M$405.9M$256.6M$443.0M$419.8M$327.4M$188.7M$48.0M$39.5M
Property, plant and equipment ——$73.5M$72.7M$59.8M$37.6M$14.6M$10.7M$10.1M$10.0M
Goodwill $4.7M$4.7M$4.7M$4.7M$4.7M$4.7M$4.7M$4.7M$4.7M$4.7M
Total assets $5.57B$5.74B$5.17B$4.54B$4.21B$4.25B$4.10B$3.54B$2.77B$1.85B
Long-term debt $249.5M$295.0M$614.9M$614.9M$514.9M$514.9M$514.9M$525.2M$410.2M$190.0M
Total liabilities $5.21B$5.35B$4.80B$4.18B$3.83B$3.92B$3.80B$3.25B$2.54B$1.70B
Retained earnings $193.3M$230.6M$207.5M$205.7M$172.4M$126.7M$99.7M$77.7M$57.1M$43.7M
Total equity $359.8M$384.1M$362.8M$365.0M$380.3M$330.9M$304.9M$288.7M$224.1M$153.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.4M$13.0M$11.7M$82.7M$54.8M$13.1M-$43.6M$29.4M$24.6M$26.5M
Depreciation and amortisation $6.2M$8.5M$5.7M$8.7M$8.8M$7.8M$6.9M$5.7M$5.3M$3.8M
Stock-based compensation $1.2M$1.8M$1.3M$2.0M$2.4M$2.1M$1.7M$1.6M$1.0M$736.0K
Capital expenditure $1.2M$2.6M$5.4M$17.5M$29.9M$25.6M$4.1M$2.2M$1.5M$3.2M
Investing cash flow $128.7M-$496.2M-$474.5M-$601.0M$43.9M-$44.8M-$313.3M-$638.7M-$908.2M-$586.7M
Financing cash flow -$141.8M$543.7M$612.2M$331.9M-$75.6M$124.2M$495.5M$750.1M$892.1M$574.6M
Dividends paid $2.1M$2.1M$2.2M$2.3M$2.4M$2.3M$2.4M$2.2M$1.7M$1.2M
Buybacks $521.0K$283.0K$9.3M$27.8M$4.4M$0$9.8M$216.0K$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001562463-26-000022.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2016: 58.9M Net income, FY2016: 12.1M Revenue, FY2017: 7.8M Net income, FY2017: 15.2M Revenue, FY2018: 115.5M Net income, FY2018: 21.9M Revenue, FY2019: 147.4M Net income, FY2019: 25.2M Revenue, FY2020: 136.9M Net income, FY2020: 29.5M Revenue, FY2021: 133.9M Net income, FY2021: 48.1M Revenue, FY2022: 156.9M Net income, FY2022: 35.5M Revenue, FY2023: 239.4M Net income, FY2023: 8.4M Revenue, FY2024: 291.9M Net income, FY2024: 25.3M Revenue, FY2025: 320.2M Net income, FY2025: -35.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $58.9M $7.8M $115.5M $147.4M $136.9M $133.9M $156.9M $239.4M $291.9M $320.2M
Gross profit — — — — — — — — — —
Net income $12.1M $15.2M $21.9M $25.2M $29.5M $48.1M $35.5M $8.4M $25.3M -$35.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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