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First Internet Bancorp Stock Research

INBK

17.04USD-0.52(-2.96%)Delayed

Market Summary

USD17.04-0.52
Delayed
-2.96%

INBK Alerts

INBK Stock Price

INBK RSI Chart

INBK Valuation

Market Cap

161.2B

Price/Earnings (Trailing)

4.5K

Price/Sales (Trailing)

1.0K

EV/EBITDA

1.1K

Price/Free Cashflow

2.5K

INBK Price/Sales (Trailing)

INBK Profitability

EBT Margin

32.82%

Return on Equity

11.55%

Return on Assets

0.98%

Free Cashflow Yield

0.04%

INBK Fundamentals

INBK Revenue

Revenue (TTM)

156.9M

Revenue Y/Y

33.57%

Revenue Q/Q

16.8%

INBK Earnings

Earnings (TTM)

35.5M

Earnings Y/Y

-49.1%

Earnings Q/Q

-24.72%

Price Action

52 Week Range

16.9646.39
(Low)(High)

Last 7 days

-13.6%

Last 30 days

-37.9%

Last 90 days

-30.7%

Trailing 12 Months

-62.2%

INBK Financial Health

Debt/Equity

1.63

Debt/Cashflow

0.17

INBK Investor Care

Dividend Yield

1.41%

Dividend/Share (TTM)

0.24

Buy Backs (1Y)

4.81%

Diluted EPS (TTM)

3.7

Peers (Alternatives to First Internet Bancorp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
56.4B
40.0B
-8.98% -31.24%
5.3
1.79
34.99% -10.60%
20.1B
6.2B
-25.47% -35.61%
14.56
3.21
58.61% -25.85%
15.3B
7.1B
-25.67% -34.02%
7.39
2.17
45.54% -10.61%
MID-CAP
7.7B
2.3B
-27.78% -31.39%
6.84
3.32
43.40% 29.22%
6.9B
999.0M
-12.47% -19.22%
14.12
6.9
17.76% -7.98%
6.3B
5.7B
-67.21% -80.32%
3.9
1.11
72.48% -22.38%
3.8B
1.1B
-0.34% -14.19%
11.38
3.34
19.33% -19.88%
3.6B
2.7B
-54.27% -60.94%
3.36
1.32
62.28% 17.58%
1.7B
1.2B
-36.14% -46.05%
5.96
1.38
28.25% -31.33%
SMALL-CAP
1.1B
431.2M
-21.04% -5.46%
7.71
2.62
26.04% 33.18%
1.1B
413.5M
-15.00% -12.73%
12.03
2.69
-1.43% -22.02%
810.0M
345.2M
-19.47% -31.98%
7.38
2.35
10.80% -4.93%
781.5M
227.5M
-21.29% -9.70%
9.54
3.44
6.87% -16.48%
434.5M
316.6M
-25.03% -36.19%
5.65
1.37
9.73% -5.93%

Financials for First Internet Bancorp

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue7.9%157145139137134
EBITDA-1.4%156158165152-
EBITDA Margin-5.6%1.07*1.13*1.21*1.13*-
Earnings Before Taxes-16.0%40.0048.0053.0057.0057.00
EBT Margin-13.1%0.33*0.38*0.42*0.42*-
Interest Expenses3.2%99.0096.0092.0087.00-
Net Income-14.7%36.0042.0045.0049.0048.00
Net Income Margin-11.9%0.29*0.33*0.36*0.36*-
Free Cahsflow80.4%77.0042.0025.0061.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets6.5%4,5434,2644,1004,2254,211
    Cash Equivalents16.1%257221208518443
  Net PPE2.8%73.0071.0070.0069.0060.00
  Goodwill-0.3%5.005.005.005.005.00
Liabilities7.0%4,1783,9043,7343,8513,831
  Long Term Debt26.9%590465515515-
Shareholder's Equity1.1%365361365375380
  Retained Earnings2.9%206200192183172
Accumulated Depreciation12.0%10.009.008.007.00-
Shares Outstanding-1.5%9,4589,6009,790--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-3.4%83.0086.0065.0056.0055.00
  Share Based Compensation-19.6%2.003.003.002.002.00
Cashflow From Investing-109.2%-601-287-92.3223.0044.00
Cashflow From Financing2081.4%33215.00-93.8722.00-75.56
  Dividend Payments-1.2%2.002.002.002.002.00
  Buy Backs10.8%28.0025.0021.0010.004.00

Risks for INBK

What is the probability of a big loss on INBK?

90.8%


Probability that First Internet Bancorp stock will be more than 20% underwater in next one year

56.1%


Probability that First Internet Bancorp stock will be more than 30% underwater in next one year.

45.8%


Probability that First Internet Bancorp stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does INBK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if First Internet Bancorp was unfortunately bought at previous high price.

Drawdowns

Returns for INBK

Cumulative Returns on INBK

1.6%


10-Year Cumulative Returns

-3.6%


7-Year Cumulative Returns

-13.1%


5-Year Cumulative Returns

7.9%


3-Year Cumulative Returns

What are the long-term rolling returns for INBK?

FIve years rolling returns for First Internet Bancorp.

Annualized Returns

Which funds bought or sold INBK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
12.62
-226,579
949,421
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
unchanged
-
-4,288
9,712
-%
2023-02-15
SALEM INVESTMENT COUNSELORS INC
unchanged
-
-1,227
3,773
-%
2023-02-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-18.49
-56,000
78,000
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
sold off
-100
-203,000
-
-%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
-5,655
15,345
-%
2023-02-15
MetLife Investment Management, LLC
unchanged
-
-50,976
129,024
-%
2023-02-15
CONNORS INVESTOR SERVICES INC
reduced
-0.24
-1,087,460
2,732,540
0.34%
2023-02-14
BRIDGEWAY CAPITAL MANAGEMENT, LLC
unchanged
-
-985,016
2,495,980
0.06%
2023-02-14
INNOVIS ASSET MANAGEMENT LLC
new
-
546,179
546,179
0.25%

1–10 of 48

Latest Funds Activity

Are funds buying INBK calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own INBK
No. of Funds

First Internet Bancorp News

Simply Wall St

First Internet Bancorp (NASDAQ:INBK) Has Affirmed Its Dividend Of $0.06.

Simply Wall St,
27 hours ago

Dividend Investor

Defense World

Schedule 13G FIlings of First Internet Bancorp

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 29, 2021
blackrock inc.
6.4%
631,409
SC 13G/A
Jan 22, 2021
stieven capital advisors, l.p.
6.61%
647,865
SC 13G/A
Feb 12, 2020
dimensional fund advisors lp
5.67%
552,347
SC 13G

INBK Fair Value

First Internet Bancorp fair value in different scenarios

The table shows the Fair Value estimates for First Internet Bancorp for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.02

-99.88%

0.03

-99.82%

0.07

-99.59%

0.20

-98.83%

0.29

-98.30%
Current Inflation

0.02

-99.88%

0.03

-99.82%

0.06

-99.65%

0.17

-99.00%

0.24

-98.59%
Very High Inflation

0.01

-99.94%

0.02

-99.88%

0.05

-99.71%

0.14

-99.18%

0.20

-98.83%

Historical First Internet Bancorp Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of First Internet Bancorp

View All Filings
Date Filed Form Type Document
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 21, 2023
8-K
Current Report
Mar 20, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 14, 2023
10-K
Annual Report
Feb 24, 2023
4
Insider Trading
Feb 10, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for INBK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-20
Lorch Nicole S.
sold (taxes)
-27,074
19.08
-1,419
president & coo
2023-03-20
Lovik Kenneth J.
acquired
-
-
4,811
executive vice president & cfo
2023-03-20
Lovik Kenneth J.
sold (taxes)
-26,254
19.08
-1,376
executive vice president & cfo
2023-03-20
Lorch Nicole S.
acquired
-
-
4,961
president & coo
2023-03-20
BECKER DAVID B
acquired
-
-
15,033
chairman and ceo
2023-03-16
BECKER DAVID B
bought
93,600
18.72
5,000
chairman and ceo
2023-03-16
Lorch Nicole S.
bought
19,460
19.46
1,000
president & coo
2023-03-15
Christian Justin P.
bought
149,271
18.1
8,247
-
2023-02-23
Dee Ann C.
bought
27,430
27.43
1,000
-
2023-01-06
Lorch Nicole S.
acquired
-
-
6,178
president & coo

1–10 of 50

David B. Becker
290
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.

INBK Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income   
Loans$ 140,600$ 123,467$ 120,628
Securities – taxable10,7117,97011,123
Securities – non-taxable1,7671,0171,728
Other earning assets3,8301,4293,380
Total interest income156,908133,883136,859
Interest expense   
Deposits41,83229,82255,976
Other borrowed funds17,98317,50516,342
Total interest expense59,81547,32772,318
Net interest income97,09386,55664,541
Provision for loan losses4,9771,0309,325
Net interest income after provision for loan losses92,11685,52655,216
Noninterest income   
Gain on sale of loans11,37211,5988,298
Gain on sale of securities00139
Gain on sale of premises and equipment02,5230
Other2,4161,6941,655
Total noninterest income21,25732,84436,336
Noninterest expense   
Salaries and employee benefits41,55338,22334,231
Marketing, advertising and promotion3,5543,2611,654
Consulting and professional fees4,8264,0543,511
Data processing1,9891,6491,528
Loan expenses4,4352,1122,036
Premises and equipment10,6887,0636,396
Deposit insurance premium1,1521,2131,810
Write-down of other real estate owned002,065
Other5,0764,2234,423
Total noninterest expense73,27361,79857,654
Income before income taxes40,10056,57233,898
Income tax provision4,5598,4584,445
Net income$ 35,541$ 48,114$ 29,453
Income Per Share of Common Stock (in dollars per share)   
Basic (in dollars per share)$ 3.73$ 4.85$ 2.99
Diluted (in dollars per share)$ 3.70$ 4.82$ 2.99
Weighted-average number of common shares outstanding   
Basic (shares)9,530,9219,918,0839,840,205
Diluted (shares)9,595,1159,976,2619,842,425
Dividends Declared Per Share (in dollars per share)$ 0.24$ 0.24$ 0.24
Service charges and fees   
Noninterest income   
Noninterest income$ 1,071$ 1,114$ 824
Loan servicing revenue   
Noninterest income   
Noninterest income2,5731,9341,159
Mortgage banking activities   
Noninterest income   
Noninterest income5,46415,05024,693
Loan Servicing Asset Revaluation   
Noninterest income   
Noninterest income$ (1,639)$ (1,069)$ (432)

INBK Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets  
Cash and due from banks$ 17,426$ 7,492
Interest-bearing demand deposits239,126435,468
Total cash and cash equivalents256,552442,960
Securities available-for-sale - at fair value (amortized cost of $436,183 in 2022 and $606,507 in 2021)390,384603,044
Securities held-to-maturity - at amortized cost (fair value of $168,483 in 2022 and $61,468 in 2021)189,16859,565
Loans held-for-sale (includes $9,110 in 2022 and $23,233 in 2021 at fair value)21,51147,745
Loans3,499,4012,887,662
Allowance for loan losses(31,737)(27,841)
Net loans3,467,6642,859,821
Accrued interest receivable21,06916,037
Federal Home Loan Bank of Indianapolis stock28,35025,650
Cash surrender value of bank-owned life insurance39,85938,900
Premises and equipment, net72,71159,842
Goodwill4,6874,687
Servicing asset, at fair value6,2554,702
Other real estate owned01,188
Accrued income and other assets44,89446,853
Total assets4,543,1044,210,994
Liabilities  
Noninterest-bearing deposits175,315117,531
Interest-bearing deposits3,265,9303,061,428
Total deposits3,441,2453,178,959
Advances from Federal Home Loan Bank614,928514,922
Subordinated debt, net of unamortized discounts and debt issuance costs of $2,468 in 2022 and $2,769 in 2021104,532104,231
Accrued interest payable2,9132,018
Accrued expenses and other liabilities14,51230,526
Total liabilities4,178,1303,830,656
Commitments and Contingencies
Shareholders’ equity  
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none00
Retained earnings205,675172,431
Accumulated other comprehensive loss(33,636)(11,039)
Total shareholders’ equity364,974380,338
Total liabilities and shareholders’ equity4,543,1044,210,994
Significant Unobservable Inputs (Level 3)  
Assets  
Securities available-for-sale - at fair value (amortized cost of $436,183 in 2022 and $606,507 in 2021)00
Servicing asset, at fair value6,2554,702
Significant Unobservable Inputs (Level 3) | Servicing asset  
Assets  
Servicing asset, at fair value6,2554,702
Voting Common Stock  
Shareholders’ equity  
Voting and nonvoting common stock192,935218,946
Nonvoting Common Stock  
Shareholders’ equity  
Voting and nonvoting common stock$ 0$ 0