First Internet BancorpINBK

NasdaqFinanceState Commercial Banks
Price (close)
$26.04
Market cap
$229.7M
P/E
—
Revenue (TTM)
$131.6M
Net income
-$31.4M
Dividend yield
0.92%
1-year total return
10.4%
Net margin
-23.9%
Revenue growth
-7.5%
Debt / equity
0.69x

What First Internet Bancorp does.

When we refer to “First Internet Bancorp,” the “Company,” “we,” “us” and “our” in the remainder of this Annual Report on Form 10-K, we mean First Internet Bancorp and its consolidated subsidiaries, unless the context indicates otherwise. References to “First Internet Bank” or the “Bank” refer to First Internet Bank of Indiana, an Indiana chartered bank and wholly-owned subsidiary of the Company.

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.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$100.9M$119.4M$118.3M$101.0M$134.7M$116.5M
Net income$29.5M$48.1M$35.5M$8.4M$25.3M-$35.2M
Free cash flow-$12.5M$24.9M$65.2M$6.3M$10.4M$2.2M

More on INBK.

Figures from First Internet Bancorp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.