Financial Services - Banks - Regional - NASDAQ - US
$ 40.24
-0.764 %
$ 349 M
Market Cap
15.97
P/E
First 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.[ Read More ]
The intrinsic value of one INBK stock under the base case scenario is HIDDEN Compared to the current market price of 40.2 USD, First Internet Bancorp is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart INBK
FINANCIALS
84.4 M
REVENUE
10.7 M
OPERATING INCOME
8.42 M
NET INCOME
-2.86 M
OPERATING CASH FLOW
-475 M
INVESTING CASH FLOW
612 M
FINANCING CASH FLOW
32.3 M
REVENUE
-12.8 M
OPERATING INCOME
6.99 M
NET INCOME
331 K
OPERATING CASH FLOW
-148 M
INVESTING CASH FLOW
463 M
FINANCING CASH FLOW
Balance Sheet Decomposition
First Internet Bancorp
| Current Assets | 1.31 B |
| Cash & Short-Term Investments | 881 M |
| Receivables | 0 |
| Other Current Assets | 433 M |
| Non-Current Assets | 780 M |
| Long-Term Investments | 702 M |
| PP&E | 73.5 M |
| Other Non-Current Assets | 4.69 M |
| Current Liabilities | 3.37 B |
| Accounts Payable | 3.85 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 3.36 B |
| Non-Current Liabilities | 4.79 B |
| Long-Term Debt | 465 M |
| Other Non-Current Liabilities | 4.32 B |
EFFICIENCY
Earnings Waterfall
First Internet Bancorp
| Revenue | 84.4 M |
| Cost Of Revenue | 0 |
| Gross Profit | 84.4 M |
| Operating Expenses | 95.3 M |
| Operating Income | 10.7 M |
| Other Expenses | 2.27 M |
| Net Income | 8.42 M |
RATIOS
100.00%
GROSS MARGIN
12.67%
OPERATING MARGIN
9.98%
NET MARGIN
2.32%
ROE
0.16%
ROA
2.20%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
First Internet Bancorp
| Net Income | 8.42 M |
| Depreciation & Amortization | 5.75 M |
| Capital Expenditures | -5.37 M |
| Stock-Based Compensation | 1.26 M |
| Change in Working Capital | -8.32 M |
| Others | 610 K |
| Free Cash Flow | -8.22 M |
Wall Street Analysts Price Targets
First Internet Bancorp
Wall Street analysts predict an average 1-year price target for INBK of $39.8 , with forecasts ranging from a low of $34 to a high of $45 .
INBK Lowest Price Target
Wall Street Target
34 USD
-15.51%
INBK Average Price Target
Wall Street Target
39.8 USD
-1.01%
INBK Highest Price Target
Wall Street Target
45 USD
11.83%
4. DIVIDEND ANALYSIS
0.18%
DIVIDEND YIELD
0.06 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
First Internet Bancorp
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
May 12, 2023
|
Bought 102 K USD
|
Christian Justin P.
Director |
+ 10000
|
10.17 USD |
|
1 year ago
May 12, 2023
|
Bought 50.2 K USD
|
BECKER DAVID B
Chairman and CEO |
+ 5000
|
10.05 USD |
|
1 year ago
May 11, 2023
|
Bought 99.5 K USD
|
Bade Aasif M.
Director |
+ 10000
|
9.95 USD |
|
1 year ago
May 10, 2023
|
Bought 108 K USD
|
Bade Aasif M.
Director |
+ 10000
|
10.76 USD |
|
1 year ago
May 09, 2023
|
Bought 20.8 K USD
|
Lorch Nicole S.
President & COO |
+ 2000
|
10.4 USD |
|
1 year ago
May 04, 2023
|
Bought 22.2 K USD
|
KEACH JOHN K JR
Director |
+ 2000
|
11.12 USD |
|
1 year ago
May 03, 2023
|
Bought 25 K USD
|
Dee Ann C.
Director |
+ 2000
|
12.52 USD |
|
1 year ago
Mar 29, 2023
|
Bought 34.5 K USD
|
Dee Ann C.
Director |
+ 2000
|
17.26 USD |
|
1 year ago
Mar 16, 2023
|
Bought 19.5 K USD
|
Lorch Nicole S.
President & COO |
+ 1000
|
19.46 USD |
|
1 year ago
Mar 15, 2023
|
Bought 149 K USD
|
Christian Justin P.
Director |
+ 8247
|
18.1 USD |
|
1 year ago
Mar 16, 2023
|
Bought 93.6 K USD
|
BECKER DAVID B
Chairman and CEO |
+ 5000
|
18.72 USD |
|
1 year ago
Feb 23, 2023
|
Bought 27.4 K USD
|
Dee Ann C.
Director |
+ 1000
|
27.43 USD |
|
2 years ago
Oct 25, 2022
|
Bought 250 K USD
|
Christian Justin P.
Director |
+ 10475
|
23.84 USD |
|
2 years ago
Oct 24, 2022
|
Bought 236 K USD
|
BECKER DAVID B
Chairman and CEO |
+ 10000
|
23.6 USD |
|
2 years ago
Oct 24, 2022
|
Bought 22.9 K USD
|
Lorch Nicole S.
President & COO |
+ 1000
|
22.92 USD |
|
2 years ago
May 03, 2022
|
Bought 275 K USD
|
Bade Aasif M.
director: |
+ 7500
|
36.69 USD |
|
2 years ago
May 03, 2022
|
Bought 1.09 M USD
|
BECKER DAVID B
Chairman and CEO |
+ 30000
|
36.42 USD |
|
2 years ago
Mar 10, 2022
|
Bought 726 K USD
|
BECKER DAVID B
Chairman and CEO |
+ 16314
|
44.5 USD |
|
2 years ago
Mar 10, 2022
|
Bought 166 K USD
|
BECKER DAVID B
Chairman and CEO |
+ 3686
|
45 USD |
|
2 years ago
Feb 08, 2022
|
Sell 85.1 K USD
|
Williams Jerry L.
Director |
- 1702
|
50 USD |
|
4 years ago
Oct 15, 2020
|
Bought 2.57 K USD
|
Williams Jerry L.
Director |
+ 150
|
17.13 USD |
|
4 years ago
Jul 15, 2020
|
Bought 2.38 K USD
|
Williams Jerry L.
Director |
+ 151
|
15.75 USD |
|
4 years ago
Apr 15, 2020
|
Bought 2.37 K USD
|
Williams Jerry L.
Director |
+ 142
|
16.69 USD |
|
4 years ago
Jan 15, 2020
|
Bought 1.36 K USD
|
Williams Jerry L.
Director |
+ 57
|
23.9 USD |
|
2 years ago
Nov 30, 2021
|
Bought 432 K USD
|
BECKER DAVID B
Chairman and CEO |
+ 10000
|
43.25 USD |
|
3 years ago
Dec 18, 2020
|
Bought 284 K USD
|
BECKER DAVID B
Chairman, President and CEO |
+ 10000
|
28.45 USD |
|
3 years ago
Dec 17, 2020
|
Bought 279 K USD
|
BECKER DAVID B
Chairman, President and CEO |
+ 10000
|
27.93 USD |
|
4 years ago
Aug 27, 2020
|
Bought 30 K USD
|
Williams Jerry L.
Director |
+ 2000
|
14.99 USD |
|
4 years ago
Aug 07, 2020
|
Bought 14.5 K USD
|
Williams Jerry L.
Director |
+ 1000
|
14.5 USD |
|
4 years ago
Mar 23, 2020
|
Bought 14.2 K USD
|
Lorch Nicole S.
Executive Vice President & COO |
+ 1200
|
11.84 USD |
|
4 years ago
Mar 20, 2020
|
Bought 28.5 K USD
|
Perfetti C. Charles
Executive Vice President |
+ 2000
|
14.26 USD |
|
4 years ago
Mar 19, 2020
|
Bought 27.6 K USD
|
KEACH JOHN K JR
Director |
+ 2000
|
13.8 USD |
|
4 years ago
Mar 19, 2020
|
Bought 28 K USD
|
BECKER DAVID B
Chairman, President and CEO |
+ 2000
|
14 USD |
|
4 years ago
Mar 18, 2020
|
Bought 61.9 K USD
|
BECKER DAVID B
Chairman, President and CEO |
+ 5000
|
12.38 USD |
|
4 years ago
Mar 17, 2020
|
Bought 255 K USD
|
Williams Jerry L.
Director |
+ 17000
|
15.01 USD |
|
5 years ago
Aug 01, 2019
|
Bought 21.1 K USD
|
Williams Jerry L.
Director |
+ 1000
|
21.11 USD |
|
5 years ago
Dec 20, 2018
|
Bought 20.1 K USD
|
KEACH JOHN K JR
Director |
+ 1000
|
20.09 USD |
|
5 years ago
Dec 03, 2018
|
Bought 100 K USD
|
Williams Jerry L.
Director |
+ 4000
|
25.1 USD |
|
6 years ago
Nov 01, 2018
|
Bought 38.8 K USD
|
Williams Jerry L.
Director |
+ 1500
|
25.88 USD |
|
6 years ago
Jul 27, 2018
|
Bought 77.2 K USD
|
BECKER DAVID B
Chairman, President and CEO |
+ 2500
|
30.89 USD |
|
6 years ago
Jul 26, 2018
|
Bought 93 K USD
|
Williams Jerry L.
Director |
+ 3000
|
31 USD |
|
7 years ago
Sep 20, 2017
|
Bought 150 K USD
|
BECKER DAVID B
Chairman, President and CEO |
+ 5000
|
30.02 USD |
|
7 years ago
Sep 20, 2017
|
Bought 63.1 K USD
|
Williams Jerry L.
Director |
+ 2100
|
30.05 USD |
|
7 years ago
May 25, 2017
|
Bought 26.4 K USD
|
KEACH JOHN K JR
Director |
+ 1000
|
26.39 USD |
|
8 years ago
May 27, 2016
|
Bought 129 K USD
|
BECKER DAVID B
Chairman, President and CEO |
+ 5000
|
25.73 USD |
|
9 years ago
Jan 30, 2015
|
Bought 15.9 K USD
|
Williams Jerry L.
Director |
+ 1000
|
15.8773 USD |
|
9 years ago
Jan 28, 2015
|
Bought 16 K USD
|
WHITNEY RALPH R JR
Director |
+ 1000
|
16 USD |
|
9 years ago
Jan 27, 2015
|
Bought 16.3 K USD
|
Williams Jerry L.
Director |
+ 1000
|
16.2773 USD |
|
10 years ago
Sep 19, 2014
|
Bought 16 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 1000
|
15.95 USD |
|
10 years ago
Sep 19, 2014
|
Bought 15.9 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 1000
|
15.9 USD |
|
10 years ago
Aug 14, 2014
|
Bought 17.8 K USD
|
Williams Jerry L.
Director |
+ 1000
|
17.82 USD |
|
10 years ago
Aug 11, 2014
|
Bought 37.3 K USD
|
Williams Jerry L.
Director |
+ 2000
|
18.67 USD |
|
10 years ago
Jul 31, 2014
|
Bought 17.8 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 1000
|
17.75 USD |
|
10 years ago
Jul 31, 2014
|
Bought 35.5 K USD
|
BECKER DAVID B
Chairman, President, and CEO |
+ 2000
|
17.74 USD |
|
10 years ago
Jul 31, 2014
|
Bought 3.55 K USD
|
Lorch Nicole S.
SVP, Retail Banking |
+ 200
|
17.73 USD |
|
10 years ago
Jul 29, 2014
|
Bought 9.05 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 500
|
18.1 USD |
|
10 years ago
Jul 29, 2014
|
Bought 9.08 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 500
|
18.15 USD |
|
10 years ago
Jul 29, 2014
|
Bought 9 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 500
|
18 USD |
|
10 years ago
Jul 29, 2014
|
Bought 9.12 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 500
|
18.25 USD |
|
10 years ago
Jul 29, 2014
|
Bought 36 K USD
|
KEACH JOHN K JR
Director |
+ 2000
|
18 USD |
|
10 years ago
Nov 27, 2013
|
Bought 100 K USD
|
Lovejoy David R.
Director |
+ 5000
|
20 USD |
|
10 years ago
Nov 27, 2013
|
Bought 40 K USD
|
Williams Jerry L.
Director |
+ 2000
|
20 USD |
|
10 years ago
Nov 27, 2013
|
Bought 40 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 2000
|
20 USD |
|
10 years ago
Nov 27, 2013
|
Bought 20 K USD
|
Whitaker Kay E.
SVP-Finance, CFO & Secretary |
+ 1000
|
20 USD |
|
10 years ago
Nov 27, 2013
|
Bought 20 K USD
|
WHITNEY RALPH R JR
Director |
+ 1000
|
20 USD |
|
10 years ago
Nov 27, 2013
|
Bought 40 K USD
|
KEACH JOHN K JR
Director |
+ 2000
|
20 USD |
|
10 years ago
Nov 27, 2013
|
Bought 200 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 10000
|
20 USD |
|
11 years ago
Aug 27, 2013
|
Bought 28 K USD
|
Murtlow Ann D.
Director |
+ 1000
|
28 USD |
|
11 years ago
Aug 16, 2013
|
Bought 30 K USD
|
Murtlow Ann D.
Director |
+ 1000
|
30 USD |
|
11 years ago
Jul 31, 2013
|
Bought 130 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 5315
|
24.4843 USD |
|
11 years ago
Jul 30, 2013
|
Bought 106 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 4700
|
22.5067 USD |
|
11 years ago
Aug 01, 2013
|
Bought 24 K USD
|
Murtlow Ann D.
Director |
+ 1000
|
24 USD |
|
11 years ago
Jul 31, 2013
|
Bought 364 USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 15
|
24.29 USD |
|
11 years ago
Jul 31, 2013
|
Bought 2.42 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 100
|
24.23 USD |
|
11 years ago
Jul 31, 2013
|
Bought 2.45 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 100
|
24.49 USD |
|
11 years ago
Jul 31, 2013
|
Bought 4.85 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 200
|
24.24 USD |
|
11 years ago
Jul 31, 2013
|
Bought 110 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 4500
|
24.5 USD |
|
11 years ago
Jul 31, 2013
|
Bought 9.8 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 400
|
24.5 USD |
|
11 years ago
Jul 30, 2013
|
Bought 2.25 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 100
|
22.49 USD |
|
11 years ago
Jul 30, 2013
|
Bought 9 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 400
|
22.5 USD |
|
11 years ago
Jul 30, 2013
|
Bought 72 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 3200
|
22.5 USD |
|
11 years ago
Jul 30, 2013
|
Bought 15.8 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 700
|
22.53 USD |
|
11 years ago
Jul 30, 2013
|
Bought 6.76 K USD
|
BECKER DAVID B
CEO, President, Chairman |
+ 300
|
22.54 USD |
|
11 years ago
Mar 28, 2013
|
Bought 9.85 K USD
|
Murtlow Ann D.
Director |
+ 385
|
25.5843 USD |
|
11 years ago
Mar 26, 2013
|
Bought 19.2 K USD
|
Perfetti C. Charles
Senior Vice President |
+ 800
|
24 USD |
|
11 years ago
Feb 28, 2013
|
Bought 7.27 K USD
|
KEACH JOHN K JR
Director |
+ 285
|
25.52 USD |
7. News
Wall Street Analysts Believe First Internet (INBK) Could Rally 25.04%: Here's is How to Trade
The mean of analysts' price targets for First Internet (INBK) points to a 25% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
zacks.com
- 1 week ago
First Internet Bancorp (INBK) Q3 2024 Earnings Call Transcript
First Internet Bancorp (NASDAQ:INBK ) Q3 2024 Earnings Conference Call October 24, 2024 2:00 PM ET Company Participants Ben Brodkowitz - Financial Profiles, Inc. David Becker - Chairman & Chief Executive Officer Ken Lovik - Executive Vice President & Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group Tim Switzer - KBW Nathan Race - Piper Sandler George Sutton - Craig-Hallum Operator Good day, everyone, and welcome to the First Internet Bancorp Earnings Conference Call for the Third Quarter of 2024. At this time, all lines are in a listen-only mode.
seekingalpha.com
- 3 weeks ago
First Internet (INBK) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for First Internet (INBK) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 weeks ago
First Internet Bancorp (INBK) Q3 Earnings Miss Estimates
First Internet Bancorp (INBK) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.39 per share a year ago.
zacks.com
- 3 weeks ago
First Internet Bancorp Reports Third Quarter 2024 Results
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net income of $7.0 million, an increase of 21.0% from the second quarter of 2024 Diluted earnings per share of $0.80, an increase of 19.4% from the second quarter of 2024 Net interest income of $21.8 million and fully-.
businesswire.com
- 3 weeks ago
First Internet Bancorp (INBK) Reports Next Week: Wall Street Expects Earnings Growth
First Internet (INBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
First Internet Bancorp to Announce Third Quarter 2024 Financial Results on Wednesday, October 23
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (www.firstib.com), announced today that it plans to issue its third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024. A conference call and webcast to discuss the results will be held the following day, Thursday, October 24 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, October 24, 2.
businesswire.com
- 1 month ago
First Internet Bancorp (INBK) Shares Gap Down to $32.06 on Oct 2
Shares of First Internet Bancorp (INBK, Financial) fell 3.46% in mid-day trading on Oct 2. The stock reached an intraday low of $32.06, down from its previous close of $33.21.
gurufocus.com
- 1 month ago
Is the Options Market Predicting a Spike in First Internet Bancorp (INBK) Stock?
Investors need to pay close attention to First Internet Bancorp (INBK) stock based on the movements in the options market lately.
zacks.com
- 3 months ago
Compared to Estimates, First Internet (INBK) Q2 Earnings: A Look at Key Metrics
The headline numbers for First Internet (INBK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 months ago
First Internet Bancorp (INBK) Matches Q2 Earnings Estimates
First Internet Bancorp (INBK) came out with quarterly earnings of $0.72 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.
zacks.com
- 3 months ago
First Internet Bancorp: Bottoming Net Interest Margin Bodes Well For The Future
First Internet Bancorp's net interest margin is improving, hopefully leading to increased net interest income and profitability. The bank's loan book shows decent diversification with minimal exposure to past due loans, particularly in commercial real estate - a pleasant surprise. I maintain a long position in the bank's fix-to-float debt securities due to attractive yield and potential for increasing profitability.
seekingalpha.com
- 4 months ago
8. Profile Summary
First Internet Bancorp INBK
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 349 M
Dividend Yield
0.18%
Description
First 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.
Contact
8701 East 116th Street, Fishers, IN, 46038
https://www.firstinternetbancorp.com
IPO Date
April 5, 2006
Employees
287
Officers
Ms. Nicole S. Lorch
President, Chief Operating Officer & Corporate Secretary
Ms. Paula Deemer
Executive Assistant & Director of Corporate Administration
Mr. David B. Becker
Chairman & Chief Executive Officer
Mr. Kenneth J. Lovik
Executive Vice President & Chief Financial Officer
Mr. David Bybee
Vice President & Senior Credit Officer