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

30.60USD-2.67 (-8.03%)Delayed as of 25 Apr 2024, 01:53 pm ET

Market Summary

USD30.60-2.67

Delayedas of 25 Apr 2024, 01:53 pm

-8.03%

INBK Stock Price

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INBK RSI Chart

INBK Valuation

Market Cap

288.0M

Price/Earnings (Trailing)

34.21

Price/Sales (Trailing)

1.2

EV/EBITDA

-1.38

Price/Free Cashflow

45.62

INBK Price/Sales (Trailing)

INBK Profitability

EBT Margin

2.06%

Return on Equity

2.32%

Return on Assets

0.16%

Free Cashflow Yield

2.19%

INBK Fundamentals

INBK Revenue

Revenue (TTM)

239.4M

Rev. Growth (Yr)

45.11%

Rev. Growth (Qtr)

5.17%

INBK Earnings

Earnings (TTM)

8.4M

Earnings Growth (Yr)

-34.77%

Earnings Growth (Qtr)

21.53%

Breaking Down INBK Revenue

52 Week Range

9.6832.29

(Low)(High)

Last 7 days

7.0%

Last 30 days

-1.7%

Last 90 days

11.7%

Trailing 12 Months

114.0%

How does INBK drawdown profile look like?

INBK Financial Health

INBK Investor Care

Dividend Yield

0.72%

Dividend/Share (TTM)

0.24

Diluted EPS (TTM)

0.96

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
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
Apr 22, 2024	DONALDSON CAPITAL MANAGEMENT, LLC	unchanged	-	129,237	425,565	0.02%
Apr 22, 2024	SAPIENT CAPITAL LLC	reduced	-32.89	-129,264	3,365,400	0.07%
Apr 19, 2024	Valeo Financial Advisors, LLC	reduced	-11.65	171,865	811,185	0.03%
Apr 19, 2024	CALDWELL SUTTER CAPITAL, INC.	reduced	-0.2	770,298	2,548,460	1.23%
Apr 19, 2024	DENALI ADVISORS LLC	unchanged	-	256,365	844,182	0.25%
Apr 12, 2024	FIRST FINANCIAL CORP /IN/	unchanged	-	63,300	208,380	0.11%
Apr 11, 2024	Fortitude Family Office, LLC	unchanged	-	63.00	208	-%
Apr 11, 2024	SALEM INVESTMENT COUNSELORS INC	unchanged	-	1,635	5,394	-%
Apr 05, 2024	CWM, LLC	unchanged	-	2,000	7,000	-%
Mar 11, 2024	VANGUARD GROUP INC	added	0.55	3,077,530	9,225,820	-%

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
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
Jan 24, 2024	8-K	Current 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	556.1B	171.1B	-0.89%	40.25%	11.22	3.25	60.72%	31.52%
BAC	301.8B	130.3B	3.99%	32.91%	11.38	2.32	79.51%	-3.68%
WFC	216.8B	85.7B	6.82%	49.45%	11.33	2.53	41.49%	39.96%
C	119.4B	133.3B	2.49%	30.42%	12.94	0.9	79.09%	-
CFG	16.3B	10.2B	0.65%	23.03%	10.13	1.6	44.53%	-22.43%
KEY	13.9B	7.9B	-1.71%	42.46%	14.42	1.76	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.67%	30.02%	7.96	1.68	56.25%	-23.46%
ZION	6.2B	3.9B	2.80%	57.76%	9.19	1.58	45.91%	-25.03%
ABCB	3.3B	1.3B	2.99%	50.41%	12.38	2.6	43.24%	-22.35%
ASB	3.2B	2.0B	3.49%	25.83%	17.62	1.65	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	414.5M	164.9M	-2.10%	42.66%	35.44	2.51	42.66%	-70.76%
AROW	380.2M	162.6M	-5.51%	7.64%	12.64	2.34	25.39%	-38.37%
ACNB	289.0M	96.6M	-4.81%	8.26%	9.12	2.99	11.02%	-11.37%
ASRV	47.3M	60.9M	2.22%	-5.80%	-14.14	0.78	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.2%	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	32.00
EBITDA Margin	-13.1%	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*	0.66*	-	-	-	-
Interest Expenses	14.0%	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	15.00
Income Taxes	-79.4%	-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	-0.33
Earnings Before Taxes	15.4%	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	3.00
EBT Margin	-45.2%	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*	0.18*	-	-	-	-
Net Income	21.5%	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	4.00
Net Income Margin	-27.6%	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*	0.17*	-	-	-	-
Free Cashflow	399.9%	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	-3.25	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.0%	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	3,542
Cash Equivalents	-22.1%	406	521	466	304	257	221	208	518	443	408	329	416	420	488	499	351	327	416	348	130	189
Net PPE	-1.0%	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	11.00
Goodwill	0.3%	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	-0.3%	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	3,253
Shareholder's Equity	4.3%	363	348	354	356	365	361	365	375	380	370	359	345	331	318	308	305	305	295	296	294	289
Retained Earnings	1.8%	207	204	201	198	206	200	192	183	172	161	149	137	127	116	108	105	100	93.00	87.00	82.00	78.00
Shares Outstanding	-99.9%	9.00	8,744	8,963	9,024	-	-	9,600	9,790	-	-	-	9,899	-	10.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	191.6%	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	6,022
Share Based Compensation	-0.3%	385	386	115	372	68.00	433	894	640	563	568	570	692	510	527	518	555	402	416	384	478	339
Cashflow From Investing	37.5%	-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	-227,061
Cashflow From Financing	-107.9%	-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	323,961
Dividend Payments	0.2%	533	532	543	548	584	565	572	596	613	601	600	601	576	594	594	585	610	594	601	613	610
Buy Backs	-59.4%	743	1,828	2,745	4,002	7,153	4,387	11,123	5,118	4,436	-	-	-	-	-	-	-	-	5,651	2,387	1,746	216

INBK Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income
Loans	$ 192,337	$ 140,600	$ 123,467
Securities – taxable	17,189	10,711	7,970
Securities – non-taxable	3,532	1,767	1,017
Other earning assets	26,384	3,830	1,429
Total interest income	239,442	156,908	133,883
Interest expense
Deposits	143,363	41,832	29,822
Other borrowed funds	21,175	17,983	17,505
Total interest expense	164,538	59,815	47,327
Net interest income	74,904	97,093	86,556
Provision for credit losses - loans	15,454	4,977	1,030
Benefit for credit losses - debt securities held-to-maturity	(42)	0	0
Provision for credit losses - off-balance sheet commitments	1,241	0	0
Net interest income after provision for credit losses	58,251	92,116	85,526
Noninterest income
Gain on sale of loans	20,526	11,372	11,598
Gain on sale of premises and equipment	0	0	2,523
Other	2,302	2,416	1,694
Total noninterest income	26,125	21,257	32,844
Noninterest expense
Salaries and employee benefits	45,322	41,553	38,223
Marketing, advertising and promotion	2,567	3,554	3,261
Consulting and professional fees	3,082	4,826	4,054
Data processing	2,373	1,989	1,649
Loan expenses	5,756	4,435	2,112
Premises and equipment	10,599	10,688	7,063
Deposit insurance premium	3,880	1,152	1,213
Other	5,857	5,076	4,223
Total noninterest expense	79,436	73,273	61,798
Income before income taxes	4,940	40,100	56,572
Income tax (benefit) provision	(3,477)	4,559	8,458
Net income	$ 8,417	$ 35,541	$ 48,114
Income Per Share of Common Stock (in dollars per share)
Basic (in dollars per share)	$ 0.95	$ 3.73	$ 4.85
Diluted (in dollars per share)	$ 0.95	$ 3.70	$ 4.82
Weighted-average number of common shares outstanding
Basic (shares)	8,837,558	9,530,921	9,918,083
Diluted (shares)	8,858,890	9,595,115	9,976,261
Dividends Declared Per Share (in dollars per share)	$ 0.24	$ 0.24	$ 0.24
Service charges and fees
Noninterest income
Noninterest income	$ 851	$ 1,071	$ 1,114
Loan servicing revenue
Noninterest income
Noninterest income	3,833	2,573	1,934
Mortgage banking activities
Noninterest income
Noninterest income	76	5,464	15,050
Loan Servicing Asset Revaluation
Noninterest income
Noninterest income	$ (1,463)	$ (1,639)	$ (1,069)

INBK Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 8,269	$ 17,426
Interest-bearing demand deposits	397,629	239,126
Total cash and cash equivalents	405,898	256,552
Securities available-for-sale - at fair value (amortized cost of $513,315 in 2023 and $436,183 in 2022)	474,855	390,384
Net Carrying Value	227,153	189,168
Loans held-for-sale (includes $9,110 at fair value in 2022)	22,052	21,511
Total	3,840,220	3,499,401
Allowance for credit losses - loans	(38,774)	(31,737)
Net loans	3,801,446	3,467,664
Accrued interest receivable	26,746	21,069
Federal Home Loan Bank of Indianapolis stock	28,350	28,350
Cash surrender value of bank-owned life insurance	40,882	39,859
Premises and equipment, net	73,463	72,711
Goodwill	4,687	4,687
Servicing asset, at fair value	10,567	6,255
Other real estate owned	375	0
Accrued income and other assets	51,098	44,894
Total assets	5,167,572	4,543,104
Liabilities
Noninterest-bearing deposits	123,464	175,315
Interest-bearing deposits	3,943,509	3,265,930
Total deposits	4,066,973	3,441,245
Advances from Federal Home Loan Bank	614,934	614,928
Subordinated debt, net of unamortized discounts and debt issuance costs of $2,162 in 2023 and $2,468 in 2022	104,838	104,532
Accrued interest payable	3,848	2,913
Accrued expenses and other liabilities	14,184	14,512
Total liabilities	4,804,777	4,178,130
Commitments and Contingencies
Shareholders’ equity
Preferred stock, no par value; 4,913,779 shares authorized; issued and outstanding - none	0	0
Retained earnings	207,470	205,675
Accumulated other comprehensive loss	(29,375)	(33,636)
Total shareholders’ equity	362,795	364,974
Total liabilities and shareholders’ equity	5,167,572	4,543,104
Significant Unobservable Inputs (Level 3)
Assets
Securities available-for-sale - at fair value (amortized cost of $513,315 in 2023 and $436,183 in 2022)	0	0
Servicing asset, at fair value	10,567	6,255
Significant Unobservable Inputs (Level 3) \| Servicing asset
Assets
Servicing asset, at fair value	10,567	6,255
Voting Common Stock
Shareholders’ equity
Voting and nonvoting common stock	184,700	192,935
Nonvoting Common Stock
Shareholders’ equity
Voting and nonvoting 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 Wed Apr 24 2024, market cap of First Internet Bancorp is 287.98 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 Wed Apr 24 2024, INBK's PE ratio (Price to Earnings) is 34.21 and Price to Sales (PS) ratio is 1.2. 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 0.051 (multiply by 100 for percentage) rate of return.