First Internet Bancorp

NasdaqGS:INBK Stock Report

Market Cap: US$165.9m

First Internet Bancorp Management

Management criteria checks 3/4

First Internet Bancorp's CEO is David Becker, appointed in Jan 2007, has a tenure of 18.83 years. total yearly compensation is $1.93M, comprised of 42.6% salary and 57.4% bonuses, including company stock and options. directly owns 4.66% of the company’s shares, worth $7.72M. The average tenure of the management team and the board of directors is 11.3 years and 4.2 years respectively.

Key information

David Becker

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage42.59%
CEO tenure18.8yrs
CEO ownership4.7%
Management average tenure11.3yrs
Board average tenure4.2yrs

Recent management updates

Recent updates

Why I (Finally) Bought First Internet Bancorp

Oct 26

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

Sep 20
First Internet Bancorp (NASDAQ:INBK) Is Paying Out A Dividend Of $0.06

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

Jun 21
First Internet Bancorp (NASDAQ:INBK) Is Paying Out A Dividend Of $0.06

First Internet Bancorp (NASDAQ:INBK) Has Announced A Dividend Of $0.06

Mar 22
First Internet Bancorp (NASDAQ:INBK) Has Announced A Dividend Of $0.06

First Internet Bancorp: Floating Debt Securities Offer High Single-Digit Yield

Jan 03
User avatar

Calculated Fintech Partnerships And SBA Lending Propel Growth And Profitability

Shift towards higher yielding variable rate loans and reduction in higher cost broker deposits are expected to enhance the company's net margins.

Despite Rapid Growth, First Internet Bancorp Deserves A Pass

Sep 22

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

Jul 04

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

Jun 23
First Internet Bancorp's (NASDAQ:INBK) Dividend Will Be $0.06

First Internet Bancorp: The Recovery Begins

Apr 28

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

Feb 01

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

Jun 26
First Internet Bancorp (NASDAQ:INBK) Is Paying Out A Dividend Of $0.06

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

Mar 25
First Internet Bancorp (NASDAQ:INBK) Has Affirmed Its Dividend Of $0.06

CEO Compensation Analysis

How has David Becker's remuneration changed compared to First Internet Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-US$33m

Jun 30 2025n/an/a

US$15m

Mar 31 2025n/an/a

US$21m

Dec 31 2024US$2mUS$824k

US$25m

Sep 30 2024n/an/a

US$22m

Jun 30 2024n/an/a

US$19m

Mar 31 2024n/an/a

US$17m

Dec 31 2023US$2mUS$800k

US$8m

Sep 30 2023n/an/a

US$11m

Jun 30 2023n/an/a

US$16m

Mar 31 2023n/an/a

US$21m

Dec 31 2022US$2mUS$800k

US$36m

Sep 30 2022n/an/a

US$42m

Jun 30 2022n/an/a

US$45m

Mar 31 2022n/an/a

US$49m

Dec 31 2021US$2mUS$800k

US$48m

Sep 30 2021n/an/a

US$47m

Jun 30 2021n/an/a

US$43m

Mar 31 2021n/an/a

US$34m

Dec 31 2020US$2mUS$800k

US$29m

Sep 30 2020n/an/a

US$25m

Jun 30 2020n/an/a

US$23m

Mar 31 2020n/an/a

US$26m

Dec 31 2019US$2mUS$700k

US$25m

Sep 30 2019n/an/a

US$22m

Jun 30 2019n/an/a

US$22m

Mar 31 2019n/an/a

US$22m

Dec 31 2018US$2mUS$700k

US$22m

Compensation vs Market: David's total compensation ($USD1.93M) is about average for companies of similar size in the US market ($USD1.52M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

CEO

David Becker (72 yo)

18.8yrs
Tenure
US$1,934,751
Compensation

Mr. David B. Becker is the Chairman of First Internet Bancorp since 2006 and Chief Executive Officer since 2007 also its Director since 1999. Mr. Becker served as President of First Internet Bancorp since...

Leadership Team

NamePositionTenureCompensationOwnership
David Becker
Chairman & CEO18.8yrsUS$1.93m4.66%
$ 7.7m
Nicole Lorch
President8.8yrsUS$1.20m0.68%
$ 1.1m
Kenneth Lovik
Executive VP & CFO11.3yrsUS$799.88k0.48%
$ 798.6k
Paula Deemer
Executive Assistant & Director of Corporate Administration11.8yrsno datano data
David Bybee
Senior vice president of government guaranteed lending.less than a yearno datano data
11.3yrs
Average Tenure
55yo
Average Age

Experienced Management: INBK's management team is seasoned and experienced (11.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Becker
Chairman & CEO26.8yrsUS$1.93m4.66%
$ 7.7m
Jean Wojtowicz
Independent Director19.8yrsUS$116.11k0.46%
$ 754.9k
John Keach
Independent Vice Chairman of the Board & Lead Independent Director13yrsUS$102.11k0.43%
$ 705.7k
Joseph Fenech
Independent Director2.5yrsUS$112.56k0.10%
$ 172.4k
Aasif Bade
Independent Director4.5yrsUS$102.11k0.51%
$ 846.2k
Ann Dee
Independent Director3.9yrsUS$115.54k0.20%
$ 325.2k
Justin Christian
Independent Director3.9yrsUS$115.54k0.12%
$ 206.9k
Michele Raines
Independent Director1.5yrsUS$90.11k0.046%
$ 76.3k
4.2yrs
Average Tenure
60yo
Average Age

Experienced Board: INBK's board of directors are considered experienced (4.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/30 09:15
End of Day Share Price 2025/11/28 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Internet Bancorp is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
George SuttonCraig-Hallum Capital Group LLC
Brett RabatinHovde Group, LLC
John RodisJanney Montgomery Scott LLC