First Internet Bancorp operates as a bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services in the United States.
Very undervalued with flawless balance sheet.
Share Price & News
How has First Internet Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 45H's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how 45H performed against the German Banks industry.
Return vs Market: Insufficient data to determine how 45H performed against the German Market.
Price Volatility Vs. Market
How volatile is First Internet Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is First Internet Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 45H (€13.85) is trading below our estimate of fair value (€29.69)
Significantly Below Fair Value: 45H is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 45H is good value based on its PE Ratio (5.5x) compared to the Banks industry average (15x).
PE vs Market: 45H is good value based on its PE Ratio (5.5x) compared to the German market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: 45H is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 45H is good value based on its PB Ratio (0.4x) compared to the DE Banks industry average (0.8x).
How is First Internet Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 45H's forecast earnings growth (7.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: 45H's earnings (7.6% per year) are forecast to grow slower than the German market (14.1% per year).
High Growth Earnings: 45H's earnings are forecast to grow, but not significantly.
Revenue vs Market: 45H's revenue (1.8% per year) is forecast to grow slower than the German market (3.9% per year).
High Growth Revenue: 45H's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 45H's Return on Equity is forecast to be low in 3 years time (8.6%).
How has First Internet Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 45H has high quality earnings.
Growing Profit Margin: 45H's current net profit margins (34.2%) are higher than last year (32.6%).
Past Earnings Growth Analysis
Earnings Trend: 45H's earnings have grown significantly by 27.8% per year over the past 5 years.
Accelerating Growth: 45H's earnings growth over the past year (15.2%) is below its 5-year average (27.8% per year).
Earnings vs Industry: 45H earnings growth over the past year (15.2%) exceeded the Banks industry 0.7%.
Return on Equity
High ROE: 45H's Return on Equity (8.3%) is considered low.
How is First Internet Bancorp's financial position?
Financial Position Analysis
Short Term Liabilities: 45H's short term assets ($471.2M) do not cover its short term liabilities ($3.2B).
Long Term Liabilities: 45H's short term assets ($471.2M) do not cover its long term liabilities ($586.0M).
Debt to Equity History and Analysis
Debt Level: 45H's debt to equity ratio (203.9%) is considered high.
Reducing Debt: 45H's debt to equity ratio has increased from 113.8% to 203.9% over the past 5 years.
Debt Coverage: 45H's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 45H's interest payments on its debt are well covered by EBIT.
What is First Internet Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 45H's dividend (1.73%) is higher than the bottom 25% of dividend payers in the German market (1.7%).
High Dividend: 45H's dividend (1.73%) is low compared to the top 25% of dividend payers in the German market (4.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 45H has been paying a dividend for less than 10 years.
Growing Dividend: 45H's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.5%), 45H's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 45H's dividends in 3 years are forecast to be thoroughly covered by earnings (8.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Becker (66yo)
Mr. David B. Becker is the Chairman, President and Chief Executive Officer of First Internet Bancorp (“Bancorp”) since 2006 and 2007 respectively. Mr. Becker is the founder of the First Internet Bank of In ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.50M) is above average for companies of similar size in the German market ($USD428.66K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||5.67yrs||US$634.88k||0.22% $303.9k|
|Executive VP & COO||3.25yrs||US$645.37k||0.27% $370.1k|
|Executive VP & Corporate Secretary||8.25yrs||US$490.71k||0.49% $674.8k|
|Executive Assistant||6.25yrs||no data||no data|
|Senior Vice President of Retail Lending - First Internet Bank||9.25yrs||no data||no data|
|Senior Vice President of Public Finance - First Internet Bank||no data||no data||no data|
Experienced Management: 45H's management team is seasoned and experienced (7.3 years average tenure).
|Independent Director||14.25yrs||US$81.48k||0.26% $365.1k|
|Independent Director||7.42yrs||US$82.48k||0.20% $281.7k|
|Independent Director||14.25yrs||US$82.48k||0.26% $364.5k|
|Vice Chairman & Lead Independent Director||14.25yrs||US$88.48k||0.15% $209.8k|
|Independent Director||14.25yrs||US$81.48k||0.86% $1.2m|
Experienced Board: 45H's board of directors are seasoned and experienced ( 14.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 45H insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.
First Internet Bancorp's company bio, employee growth, exchange listings and data sources
- Name: First Internet Bancorp
- Ticker: 45H
- Exchange: DB
- Founded: 1999
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$150.031m
- Listing Market Cap: US$138.734m
- Shares outstanding: 9.75m
- Website: https://www.firstinternetbancorp.com
Number of Employees
- First Internet Bancorp
- 11201 USA Parkway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|INBK||NasdaqGS (Nasdaq Global Select)||Yes||Voting Common Stock||US||USD||Dec 2004|
|45H||DB (Deutsche Boerse AG)||Yes||Voting Common Stock||DE||EUR||Dec 2004|
First Internet Bancorp operates as a bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services in the United States. The company offers savings and money market accounts, non-interest bearing and interest-bearing demand deposits, brokered deposit accounts, and certificates of deposit. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, residential mortgage, term, small installment, home improvement, home equity, and other consumer loans, as well as single tenant lease financing, public and healthcare finance, lines of credit, and letters of credit to individuals and commercial customers. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and offers municipal lending and leasing products to government entities. In addition, it provides corporate credit card and treasury management services. The company offers its services through its Website, www.firstib.com. First Internet Bancorp was founded in 1999 and is based in Fishers, Indiana.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 02:20|
|End of Day Share Price||2020/04/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.