How does INBK's PE Ratio compare to its peers?

INBK is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (18x).

How does INBK's PE Ratio compare vs other companies in the US Banks Industry?

INBK is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the US Banks industry average (12.8x).

What is INBK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INBK is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).

What is the Fair Price of INBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

INBK ($39.5) is trading below our estimate of [[fair value]] ($57.31)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

First Internet Bancorp (Nasdaq:INBK) - Stock Price, News & Analysis

INBK Stock Overview

Operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. More details

INBK fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 31.1% below our estimate of its fair value

Earnings are forecast to grow 32.05% per year

Earnings grew by 107.9% over the past year

Risk Analysis

No risks detected for INBK from our risk checks.

First Internet Bancorp Competitors

Southern First Bancshares

NasdaqGM:SFST

US$352.8m

First Bancorp

NasdaqGS:FNLC

US$317.5m

First of Long Island

NasdaqCM:FLIC

US$312.9m

Fidelity D & D Bancorp

NasdaqGM:FDBC

US$311.2m

Price History & Performance

Summary of all time highs, changes and price drops for First Internet Bancorp
Historical stock prices
Current Share Price	US$39.50
52 Week High	US$42.89
52 Week Low	US$18.65
Beta	0.66
11 Month Change	9.33%
3 Month Change	17.11%
1 Year Change	107.79%
33 Year Change	-13.94%
5 Year Change	73.86%
Change since IPO	308.62%

Despite Rapid Growth, First Internet Bancorp Deserves A Pass

Sep 22

Recent updates

Analysts Are More Bearish On First Internet Bancorp (NASDAQ:INBK) Than They Used To Be

Oct 26

Treasury Prime partners with First Internet Bank

Oct 18

Grabbing A 6.7% Yield With First Internet Bancorp's Debt Securities

Sep 20

First Internet Bancorp Non-GAAP EPS of $1.06 misses by $0.07, revenue of $29.99M beats by $3.44M

Jul 21

First Internet Bancorp: Strong Topline Growth To Buoy Earnings

Jul 08

Is Now The Time To Put First Internet Bancorp (NASDAQ:INBK) On Your Watchlist?

May 03

First Internet Bancorp: Management's Plans Likely To Boost The Top Line

Apr 10

Shareholder Returns

	INBK	US Banks	US Market
7D	-3.5%	-0.9%	-1.0%
1Y	107.8%	53.3%	30.3%

Return vs Industry: INBK exceeded the US Banks industry which returned 54.2% over the past year.

Return vs Market: INBK exceeded the US Market which returned 30.4% over the past year.

Price Volatility

Is INBK's price volatile compared to industry and market?
INBK volatility
INBK Average Weekly Movement	8.1%
Banks Industry Average Movement	5.1%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: INBK has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: INBK's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	289	David Becker	www.firstinternetbancorp.com

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, commercial deposit, savings, money market, and Banking-as-a-Service 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.

First Internet Bancorp Fundamentals Summary

How do First Internet Bancorp's earnings and revenue compare to its market cap?
INBK fundamental statistics
Market cap	US$350.44m
Earnings (TTM)	US$22.09m
Revenue (TTM)	US$108.98m

15.5x

P/E Ratio

0.9x

P/B Ratio

Is INBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
INBK income statement (TTM)
Revenue	US$108.98m
Cost of Revenue	US$0
Gross Profit	US$108.98m
Other Expenses	US$86.89m
Earnings	US$22.09m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.55
Gross Margin	100.00%
Net Profit Margin	20.27%
Debt/Equity Ratio	161.2%

How did INBK perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

9%

Payout Ratio

INBK Stock Overview

Rewards

Risk Analysis

First Internet Bancorp Competitors

NasdaqGM:SFST

US$352.8m

NasdaqGS:FNLC

US$317.5m

NasdaqCM:FLIC

US$312.9m

NasdaqGM:FDBC

US$311.2m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First Internet Bancorp to Report Q3, 2024 Results on Oct 23, 2024

Despite Rapid Growth, First Internet Bancorp Deserves A Pass

Second quarter dividend of US$0.06 announced

First Internet Bancorp Declares Quarterly Cash Dividend, Payable on October 15, 2024

Recent updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First Internet Bancorp to Report Q3, 2024 Results on Oct 23, 2024

Despite Rapid Growth, First Internet Bancorp Deserves A Pass

Second quarter dividend of US$0.06 announced

First Internet Bancorp Declares Quarterly Cash Dividend, Payable on October 15, 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Investor sentiment improves as stock rises 15%

First Internet Bancorp to Report Q2, 2024 Results on Jul 24, 2024

First Internet Bancorp: Bottoming Net Interest Margin Bodes Well For The Future

First Internet Bancorp's (NASDAQ:INBK) Dividend Will Be $0.06

First quarter dividend of US$0.06 announced

First Internet Bancorp Declares a Quarterly Cash Dividend, Payable on July 15, 2024

First Internet Bancorp: The Recovery Begins

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First Internet Bancorp to Report Q1, 2024 Results on Apr 24, 2024

First Internet Bancorp, Annual General Meeting, May 20, 2024

Fourth quarter dividend of US$0.06 announced

First Internet Bancorp Declares Quarterly Cash Dividend, Payable on April 15, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

First Internet Bancorp: There Is Light At The End Of The Tunnel

Consensus EPS estimates increase by 26%

Third quarter 2023 earnings released: EPS: US$0.39 (vs US$0.89 in 3Q 2022)

Investor sentiment improves as stock rises 18%

First Internet Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

First Internet Bancorp to Pay Quarterly Cash Dividend, Payable on January 16, 2024

Price target increased by 20% to US$25.60

Investor sentiment improves as stock rises 15%

New minor risk - Earnings quality

Price target decreased by 7.6% to US$21.90

Price target decreased by 7.2% to US$23.10

Third quarter 2023 earnings: EPS exceeds analyst expectations

Investor sentiment deteriorates as stock falls 15%

Now 25% undervalued after recent price drop

First Internet Bancorp to Report Q3, 2023 Results on Oct 25, 2023

First Internet Bancorp Declares Quarterly Dividend, Payable on October 16, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

First Internet Bancorp Announces Net Charge-Offs for the Second Quarter Ended June 30, 2023

Investor sentiment improves as stock rises 16%

First Internet Bancorp to Report Q2, 2023 Results on Jul 26, 2023

Price target increased by 10% to US$19.00

First Internet Bancorp (NASDAQ:INBK) Is Paying Out A Dividend Of $0.06

First Internet Bancorp(NasdaqGS:INBK) dropped from Russell 2000 Value-Defensive Index

First Internet Bancorp Declares Quarterly Cash Dividend, Payable on July 17, 2023

Investor sentiment improves as stock rises 18%

First Internet Bancorp Announces Board Committee Changes

Investor sentiment improves as stock rises 22%

Independent Director recently bought US$108k worth of stock

Investor sentiment deteriorates as stock falls 20%

Price target decreased by 11% to US$24.70

Price target decreased by 7.3% to US$27.80

Investor sentiment deteriorates as stock falls 17%

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

Chairman & CEO recently bought US$94k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 28%

First Internet Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

First Internet Bancorp to Report Q4, 2022 Results on Jan 25, 2023

First Internet Bancorp (NASDAQ:INBK) Is Paying Out A Dividend Of $0.06

First Internet Bancorp (NasdaqGS:INBK) announces an Equity Buyback for $25 million worth of its shares.