Financial Services -
Banks - Regional - NASDAQ - US
$ 33.38
1.58 %
$ 289 M
Market Cap
11.59
P/E
1. INTRINSIC VALUE
Balance Sheet
First Internet Bancorp
| Current Assets | 433 M |
| Cash & Short-Term Investments | 881 M |
| Receivables | 26.7 M |
| Other Current Assets | -474 M |
| Non-Current Assets | 4.73 B |
| Long-Term Investments | 702 M |
| PP&E | 73.5 M |
| Other Non-Current Assets | 3.96 B |
| Current Liabilities | 18 M |
| Accounts Payable | 3.85 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 14.2 M |
| 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 | 79.4 M |
| Operating Income | 8.82 M |
| Other Expenses | 403 K |
| Net Income | 8.42 M |
RATIOS
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 | 6.31 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
1.86%
INBK Average Price Target
Wall Street Target
39.8 USD
19.33%
INBK Highest Price Target
Wall Street Target
45 USD
34.81%
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 |
|
5 years ago
Jan 15, 2020
|
Bought
1.36 K USD
|
Williams Jerry L.
Director
|
+ 57
|
23.9 USD |
|
3 years ago
Nov 30, 2021
|
Bought
432 K USD
|
BECKER DAVID B
Chairman and CEO
|
+ 10000
|
43.25 USD |
|
4 years ago
Dec 18, 2020
|
Bought
284 K USD
|
BECKER DAVID B
Chairman, President and CEO
|
+ 10000
|
28.45 USD |
|
4 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 |
|
6 years ago
Dec 20, 2018
|
Bought
20.1 K USD
|
KEACH JOHN K JR
Director
|
+ 1000
|
20.09 USD |
|
6 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 |
|
10 years ago
Jan 30, 2015
|
Bought
15.9 K USD
|
Williams Jerry L.
Director
|
+ 1000
|
15.8773 USD |
|
10 years ago
Jan 28, 2015
|
Bought
16 K USD
|
WHITNEY RALPH R JR
Director
|
+ 1000
|
16 USD |
|
10 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 |
|
11 years ago
Nov 27, 2013
|
Bought
100 K USD
|
Lovejoy David R.
Director
|
+ 5000
|
20 USD |
|
11 years ago
Nov 27, 2013
|
Bought
40 K USD
|
Williams Jerry L.
Director
|
+ 2000
|
20 USD |
|
11 years ago
Nov 27, 2013
|
Bought
40 K USD
|
Perfetti C. Charles
Senior Vice President
|
+ 2000
|
20 USD |
|
11 years ago
Nov 27, 2013
|
Bought
20 K USD
|
Whitaker Kay E.
SVP-Finance, CFO & Secretary
|
+ 1000
|
20 USD |
|
11 years ago
Nov 27, 2013
|
Bought
20 K USD
|
WHITNEY RALPH R JR
Director
|
+ 1000
|
20 USD |
|
11 years ago
Nov 27, 2013
|
Bought
40 K USD
|
KEACH JOHN K JR
Director
|
+ 2000
|
20 USD |
|
11 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
First Internet (INBK) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Get a deeper insight into the potential performance of First Internet (INBK) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
zacks.com
- 1 week ago
First Internet Bank Recognized in GOBankingRates 2025 Best Banks Awards
FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that it has been included in GOBankingRates' 2025 Best Banks Awards. The bank received accolades in four categories: Best Checking account, Best Money Market, Best CD Rates and Top 10 CD Rates. To formulate its rankings, GOBankingRates evaluates 100 of the largest banks, online banks and neobanks across nine categories, analyzing FDIC data and product offerings to identify industry leaders. “It's an honor to see national media.
businesswire.com
- 3 weeks ago
First Internet Bancorp to Announce Fourth Quarter 2024 Financial Results on Wednesday, January 22
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 fourth quarter 2024 financial results after the market closes on Wednesday, January 22, 2025. A conference call and webcast to discuss the results will be held the following day, Thursday, January 23 at 2:00 p.m., Eastern Time. Conference Call and Webcast Information: Date and Time: Thursday, January 23, 20.
businesswire.com
- 3 weeks ago
First Internet Bancorp: Floating Debt Securities Offer High Single-Digit Yield
First Internet Bancorp's Q3 results show strong net interest income growth and significant profits from loan sales, despite higher loan loss provisions. The bank's baby bond, now offering a floating rate yield of 3M SOFR +437 bps in total, provides attractive interest payments, surpassing the previous fixed rate. I remain satisfied with my position in the baby bond, expecting the three-month SOFR rate to decrease, reducing the bank's interest expenses.
seekingalpha.com
- 4 weeks ago
First Internet Bancorp to Pay Cash Dividend
FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on January 15, 2025 to shareholders of record at the close of business on December 31, 2024. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operatio.
businesswire.com
- 1 month ago
Bears are Losing Control Over First Internet (INBK), Here's Why It's a 'Buy' Now
First Internet (INBK) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
zacks.com
- 2 months ago
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
- 2 months 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 months 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 months 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 months 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 months 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
- 3 months ago
8. Profile
Summary
First Internet Bancorp INBK
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 289 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