INBK - First Internet Bancorp Stock Price, Fair Value and News

32.56USD+0.74 (+2.33%)Delayed

Market Summary

USD32.56+0.74

Delayed

2.33%

INBK Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

INBK Stock Price

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INBK RSI Chart

INBK Valuation

Market Cap

281.8M

Price/Earnings (Trailing)

16.96

Price/Sales (Trailing)

1.1

EV/EBITDA

-2.02

Price/Free Cashflow

56.71

INBK Price/Sales (Trailing)

INBK Profitability

EBT Margin

6.22%

Return on Equity

4.53%

Return on Assets

0.31%

Free Cashflow Yield

1.76%

INBK Fundamentals

INBK Revenue

Revenue (TTM)

255.6M

Rev. Growth (Yr)

31%

Rev. Growth (Qtr)

2.86%

INBK Earnings

Earnings (TTM)

16.6M

Earnings Growth (Yr)

271.73%

Earnings Growth (Qtr)

25.05%

Breaking Down INBK Revenue

Last 7 days

1.9%

Last 30 days

5.0%

Last 90 days

-2.0%

Trailing 12 Months

174.7%

How does INBK drawdown profile look like?

INBK Financial Health

INBK Investor Care

Dividend Yield

0.74%

Dividend/Share (TTM)

0.24

Buy Backs (1Y)

99.90%

Diluted EPS (TTM)

1.88

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	255.6M	0	0	0
2023	172.9M	194.9M	218.8M	239.4M
2022	136.6M	139.4M	145.4M	156.9M
2021	133.9M	133.1M	133.3M	133.9M
2020	148.7M	146.0M	141.1M	136.9M
2019	124.5M	133.9M	141.4M	147.4M
2018	93.3M	100.7M	108.3M	115.5M
2017	63.6M	69.6M	76.8M	84.7M
2016	45.0M	48.8M	53.7M	58.9M
2015	33.4M	35.9M	38.5M	41.4M
2014	26.7M	28.2M	29.7M	31.2M
2013	24.1M	24.2M	24.6M	25.5M
2012	0	0	0	24.3M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of First Internet Bancorp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 31, 2024	lovik kenneth j.	sold (taxes)	-20,051	32.98	-608	executive vice president & cfo
Jan 02, 2024	lorch nicole s.	acquired	-	-	6,387	president & coo
Jan 02, 2024	lovik kenneth j.	acquired	-	-	3,720	executive vice president & cfo
Jan 02, 2024	becker david b	acquired	-	-	10,219	chairman and ceo
Dec 31, 2023	lovik kenneth j.	sold (taxes)	-6,458	24.19	-267	executive vice president & cfo
Dec 18, 2023	becker david b	gifted	-	-	-15,000	chairman and ceo
May 15, 2023	dee ann c.	acquired	-	-	5,005	-
May 15, 2023	wojtowicz jean l	acquired	-	-	5,005	-
May 15, 2023	keach john k jr	acquired	-	-	5,005	-
May 15, 2023	fenech joseph a.	acquired	-	-	5,005	-

Which funds bought or sold INBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-11.28	905	4,115	-%
May 16, 2024	Ancora Advisors LLC	added	7.01	2,629,570	7,528,580	0.17%
May 16, 2024	JANE STREET GROUP, LLC	added	59.16	1,032,740	1,835,970	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	484,245	1,594,570	0.03%
May 15, 2024	JACOBS LEVY EQUITY MANAGEMENT, INC	reduced	-16.65	609,061	3,699,910	0.02%
May 15, 2024	Royal Bank of Canada	reduced	-10.22	64,000	287,000	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-23.91	22,709	267,463	-%
May 15, 2024	D. E. Shaw & Co., Inc.	reduced	-10.07	696,965	3,088,320	-%
May 15, 2024	MARSHALL WACE, LLP	new	-	1,063,110	1,063,110	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	4,220	13,896	-%

Are Funds Buying or Selling INBK?

Are funds buying INBK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own INBK

No. of Funds

Unveiling First Internet Bancorp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	dimensional fund advisors lp	5.0%	429,382	SC 13G/A
Jul 07, 2023	blackrock inc.	4.0%	359,468	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.1%	656,922	SC 13G/A
Feb 01, 2023	blackrock inc.	6.2%	571,532	SC 13G/A
Jan 19, 2023	stieven capital advisors, l.p.	3.70%	341,899	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	6.1%	599,997	SC 13G/A
Feb 03, 2022	blackrock inc.	5.8%	570,919	SC 13G/A
Jan 19, 2022	stieven capital advisors, l.p.	5.41%	532,691	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	6.2%	606,460	SC 13G/A
Feb 10, 2021	vanguard group inc	5.24%	513,377	SC 13G

Recent SEC filings of First Internet Bancorp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
Apr 24, 2024	8-K	Current Report
Mar 28, 2024	DEFA14A	DEFA14A
Mar 28, 2024	DEF 14A	DEF 14A
Mar 18, 2024	8-K	Current Report
Mar 13, 2024	10-K	Annual Report
Feb 14, 2024	4	Insider Trading
Feb 09, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to First Internet Bancorp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

First Internet Bancorp News

Latest updates

First Internet Bancorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.9%	68.00	66.00	63.00	58.00	52.00	46.00	39.00	36.00	36.00	34.00	33.00	33.00	33.00	34.00	33.00	34.00	36.00	38.00	38.00	37.00	35.00
EBITDA Margin	7.8%	0.39*	0.36*	0.41*	0.54*	0.69*	0.93*	1.07*	1.13*	1.17*	1.13*	1.10*	1.03*	0.87*	0.78*	0.68*	0.62*	0.64*	-	-	-	-
Interest Expenses	4.7%	21.00	20.00	17.00	18.00	20.00	22.00	24.00	26.00	26.00	24.00	21.00	22.00	21.00	19.00	16.00	14.00	15.00	15.00	15.00	16.00	16.00
Income Taxes	173.3%	0.00	-0.58	-0.33	-0.23	-2.33	1.00	1.00	1.00	2.00	2.00	2.00	2.00	2.00	3.00	1.00	-0.27	0.00	1.00	0.00	0.00	1.00
Earnings Before Taxes	57.7%	6.00	4.00	3.00	4.00	-5.35	7.00	9.00	11.00	13.00	14.00	14.00	15.00	12.00	14.00	10.00	4.00	6.00	8.00	7.00	6.00	6.00
EBT Margin	201.5%	0.06*	0.02*	0.04*	0.07*	0.13*	0.26*	0.33*	0.38*	0.42*	0.42*	0.42*	0.39*	0.30*	0.25*	0.19*	0.17*	0.18*	-	-	-	-
Net Income	25.1%	5.00	4.00	3.00	4.00	-3.02	6.00	8.00	10.00	11.00	12.00	12.00	13.00	10.00	11.00	8.00	4.00	6.00	7.00	6.00	6.00	6.00
Net Income Margin	84.9%	0.07*	0.04*	0.05*	0.08*	0.12*	0.23*	0.29*	0.33*	0.36*	0.36*	0.35*	0.32*	0.25*	0.22*	0.18*	0.16*	0.17*	-	-	-	-
Free Cashflow	-84.5%	2.00	12.00	2.00	-11.17	3.00	6.00	20.00	18.00	21.00	4.00	-7.31	2.00	25.00	41.00	-28.80	6.00	-30.69	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.3%	5,341	5,168	5,169	4,947	4,721	4,543	4,264	4,100	4,225	4,211	4,252	4,205	4,189	4,246	4,334	4,325	4,168	4,100	4,095	3,959	3,670
Cash Equivalents	18.6%	481	406	521	466	304	257	221	208	518	443	408	329	416	420	488	499	351	327	416	348	130
Net PPE	-0.3%	73.00	73.00	74.00	74.00	74.00	73.00	71.00	70.00	69.00	60.00	53.00	44.00	42.00	38.00	31.00	24.00	19.00	15.00	15.00	14.00	14.00
Goodwill	0%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Liabilities	3.5%	4,974	4,805	4,821	4,593	4,366	4,178	3,904	3,734	3,851	3,831	3,882	3,846	3,844	3,915	4,016	4,017	3,863	3,795	3,800	3,663	3,376
Shareholder's Equity	1.1%	367	363	348	354	356	365	361	365	375	380	370	359	345	331	318	308	305	305	295	296	294
Retained Earnings	2.2%	212	207	204	201	198	206	200	192	183	172	161	149	137	127	116	108	105	100	93.00	87.00	82.00
Shares Outstanding	-1.8%	9.00	9.00	8,744	8,963	9,024	-	-	9,600	9,790	-	-	-	9,899	-	10.00	10.00	10.00	10.00	-	-	-
Float	-	-	-	-	284	-	-	-	284	-	-	-	284	-	-	-	153	-	-	-	205	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-77.3%	2,791	12,304	4,220	-10,742	5,898	8,947	21,775	21,140	30,861	11,897	1,451	10,359	31,133	48,091	-20,811	11,623	-25,835	-2,724	-7,522	-28,048	-5,283
Share Based Compensation	15.1%	443	385	386	115	372	68.00	433	894	640	563	568	570	692	510	527	518	555	402	416	384	478
Cashflow From Investing	15.0%	-93,267	-109,759	-175,687	-56,492	-132,565	-239,202	-169,268	-202,985	10,422	74,480	25,761	-85,711	29,344	-24,362	19,637	-65,961	25,877	-91,193	-60,108	-1,733	-160,239
Cashflow From Financing	1029.0%	165,842	-17,852	227,041	228,893	174,087	265,755	160,592	-127,751	33,306	-50,932	51,506	-12,056	-64,078	-92,376	-8,992	201,689	23,865	4,876	135,734	247,585	107,304
Dividend Payments	-2.6%	519	533	532	543	548	584	565	572	596	613	601	600	601	576	594	594	585	610	594	601	613
Buy Backs	-61.9%	283	743	1,828	2,745	4,002	7,153	4,387	11,123	5,118	4,436	-	-	-	-	-	-	-	-	5,651	2,387	1,746

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INBK Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Loans	$ 55,435	$ 43,843
Securities – taxable	5,694	3,606
Securities – non-taxable	969	798
Other earning assets	6,067	3,786
Total interest income	68,165	52,033
Interest Expense
Deposits	42,129	27,270
Other borrowed funds	5,302	5,189
Total interest expense	47,431	32,459
Net Interest Income	20,734	19,574
Provision for credit losses	2,582	9,373
Benefit for credit losses - debt securities held to maturity	(62)	0
(Benefit) provision for credit losses - off-balance sheet commitments	(72)	42
Net Interest Income After Provision for Credit Losses	18,286	10,159
Noninterest Income
Gain on sale of loans	6,536	4,061
Other	702	370
Total noninterest income	8,347	5,446
Noninterest Expense
Salaries and employee benefits	11,796	11,794
Marketing, advertising and promotion	736	844
Consulting and professional services	853	926
Data processing	564	659
Loan expenses	1,445	1,977
Premises and equipment	2,826	2,777
Deposit insurance premium	1,145	543
Other	1,658	1,434
Total noninterest expense	21,023	20,954
Income (Loss) Before Income Taxes	5,610	(5,349)
Income Tax Provision (Benefit)	429	(2,332)
Net Income (Loss)	$ 5,181	$ (3,017)
Income (Loss) Per Share of Common Stock
Basic (in dollars per share)	$ 0.60	$ (0.33)
Diluted (in dollars per share)	$ 0.59	$ (0.33)
Weighted-Average Number of Common Shares Outstanding
Basic (in shares)	8,679,429	9,024,072
Diluted (in shares)	8,750,297	9,024,072
Dividends Declared Per Share (in dollars per share)	$ 0.06	$ 0.06
Service charges and fees
Noninterest Income
Noninterest income	$ 220	$ 209
Loan servicing revenue
Noninterest Income
Noninterest income	1,323	785
Loan servicing asset revaluation
Noninterest Income
Noninterest income	(434)	(55)
Mortgage banking activities
Noninterest Income
Noninterest income	$ 0	$ 76

INBK Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 6,638	$ 8,269
Interest-bearing deposits	474,626	397,629
Total cash and cash equivalents	481,264	405,898
Total available-for-sale securities	482,431	474,855
Held-to-maturity, debt securities, after allowance for credit loss	235,738	227,153
Loans held-for-sale	22,589	22,052
Loans	3,909,804	3,840,220
Allowance for credit losses - loans	(40,891)	(38,774)
Net loans	3,868,913	3,801,446
Accrued interest receivable	26,809	26,746
Federal Home Loan Bank of Indianapolis stock	28,350	28,350
Cash surrender value of bank-owned life insurance	41,154	40,882
Premises and equipment, net	73,231	73,463
Goodwill	4,687	4,687
Servicing asset, at fair value	11,760	10,567
Other real estate owned	375	375
Accrued income and other assets	63,366	51,098
Total assets	5,340,667	5,167,572
Liabilities and Shareholders’ Equity
Noninterest-bearing deposits	130,760	123,464
Interest-bearing deposits	4,143,008	3,943,509
Total deposits	4,273,768	4,066,973
Advances from Federal Home Loan Bank	574,936	614,934
Subordinated debt, net of unamortized debt issuance costs of $2,085 and $2,162 in 2024 and 2023, respectively	104,915	104,838
Accrued interest payable	3,382	3,848
Accrued expenses and other liabilities	16,927	14,184
Total liabilities	4,973,928	4,804,777
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none	0	0
Retained earnings	212,121	207,470
Accumulated other comprehensive loss	(30,102)	(29,375)
Total shareholders’ equity	366,739	362,795
Total liabilities and shareholders’ equity	5,340,667	5,167,572
Voting Common Stock
Shareholders’ Equity
Common stock	184,720	184,700
Nonvoting Common Stock
Shareholders’ Equity
Common stock	$ 0	$ 0

About First Internet Bancorp

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal 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, commercial 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 line of credit and home 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. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.

CEO	Mr. David B. Becker
WEBSITE	firstinternetbancorp.com
INDUSTRY	Banks Diversified
EMPLOYEES	314

First Internet Bancorp Frequently Asked Questions

What is the ticker symbol for First Internet Bancorp? What does INBK stand for in stocks?

INBK is the stock ticker symbol of First Internet Bancorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First Internet Bancorp (INBK)?

As of Fri May 17 2024, market cap of First Internet Bancorp is 281.83 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of INBK stock?

You can check INBK's fair value in chart for subscribers.

What is the fair value of INBK stock?

You can check INBK's fair value in chart for subscribers. The fair value of First Internet Bancorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First Internet Bancorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for INBK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First Internet Bancorp a good stock to buy?

The fair value guage provides a quick view whether INBK is over valued or under valued. Whether First Internet Bancorp is cheap or expensive depends on the assumptions which impact First Internet Bancorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for INBK.

What is First Internet Bancorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, INBK's PE ratio (Price to Earnings) is 16.96 and Price to Sales (PS) ratio is 1.1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. INBK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First Internet Bancorp's stock?

In the past 10 years, First Internet Bancorp has provided 0.059 (multiply by 100 for percentage) rate of return.