INBK Stock Overview

Operates as the bank holding company for First Internet Bank of Indiana that provides various 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	6/6
Future Growth	4/6
Past Performance	4/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 50.2% below our estimate of its fair value

Earnings are forecast to grow 43.76% per year

Earnings grew by 26.6% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 21.4%

Risk Analysis

No risks detected for INBK from our risk checks.

Community vs My Fair Value

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First Internet Bancorp

AnalystConsensusTarget

Consensus Narrative from 5 Analysts

Fintech Partnerships And Loan Origination Will Secure Stability

Key Takeaways Robust loan growth in key sectors and fintech partnerships enhance net interest income and reduce funding costs, boosting profitability. Strategic deposit cost management and improved credit management stabilize net income, augmenting sustained revenue growth.

View narrative

US$28.20

17.6% undervalued

13.01%

Revenue growth p.a.

10 days ago

View First Internet Bancorp Community

First Internet Bancorp Competitors

Investar Holding

NasdaqGM:ISTR

US$193.0m

First United

NasdaqGS:FUNC

US$201.1m

Isabella Bank

OTCPK:ISBA

US$196.5m

C&F Financial

NasdaqGS:CFFI

US$216.9m

Price History & Performance

Summary of share price highs, lows and changes for First Internet Bancorp
Historical stock prices
Current Share Price	US$23.23
52 Week High	US$43.26
52 Week Low	US$19.54
Beta	0.67
1 Month Change	1.04%
3 Month Change	-29.07%
1 Year Change	-27.34%
3 Year Change	-37.90%
5 Year Change	76.39%
Change since IPO	140.31%

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

Shareholder Returns

	INBK	US Banks	US Market
7D	5.4%	0.4%	-0.3%
1Y	-27.3%	15.2%	8.1%

Return vs Industry: INBK underperformed the US Banks industry which returned 15.2% over the past year.

Return vs Market: INBK underperformed the US Market which returned 8.1% over the past year.

Price Volatility

Is INBK's price volatile compared to industry and market?
INBK volatility
INBK Average Weekly Movement	9.7%
Banks Industry Average Movement	4.7%
Market Average Movement	8.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	4.2%

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 (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	325	David Becker	www.firstinternetbancorp.com

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certificates of deposit and brokered deposits. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, single tenant lease financing, public and healthcare finance, small business lending, franchise finance, residential mortgage, home equity, and other consumer loans.

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$202.03m
Earnings (TTM)	US$21.04m
Revenue (TTM)	US$114.61m

9.6x

P/E Ratio

0.5x

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$114.61m
Cost of Revenue	US$0
Gross Profit	US$114.61m
Other Expenses	US$93.57m
Earnings	US$21.04m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	2.42
Gross Margin	100.00%
Net Profit Margin	18.36%
Debt/Equity Ratio	128.9%

How did INBK perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

10%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/11 09:23
End of Day Share Price	2025/05/09 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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.

Analyst	Institution
George Sutton	Craig-Hallum Capital Group LLC
Brett Rabatin	Hovde Group, LLC
John Rodis	Janney Montgomery Scott LLC

INBK Stock Overview

Rewards

Risk Analysis

Fintech Partnerships And Loan Origination Will Secure Stability

First Internet Bancorp Competitors

NasdaqGM:ISTR

US$193.0m

NasdaqGS:FUNC

US$201.1m

OTCPK:ISBA

US$196.5m

NasdaqGS:CFFI

US$216.9m

Price History & Performance

Recent News & Updates

Investor sentiment deteriorates as stock falls 18%

Price target decreased by 22% to US$30.80

First quarter 2025 earnings: EPS and revenues miss analyst expectations

First Internet Bancorp Reports Net Charge-Offs for the First Quarter Ended March 31, 2025

First Internet Bancorp to Report Q1, 2025 Results on Apr 23, 2025

Price target decreased by 7.8% to US$37.60

Recent updates

Investor sentiment deteriorates as stock falls 18%

Price target decreased by 22% to US$30.80

First quarter 2025 earnings: EPS and revenues miss analyst expectations

First Internet Bancorp Reports Net Charge-Offs for the First Quarter Ended March 31, 2025

First Internet Bancorp to Report Q1, 2025 Results on Apr 23, 2025

Price target decreased by 7.8% to US$37.60

First Internet Bancorp, Annual General Meeting, May 19, 2025

Price target decreased by 9.4% to US$39.60

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

Fourth quarter dividend of US$0.06 announced

First Internet Bancorp Announces Quarterly Cash Dividend, Payable on April 15, 2025

Full year 2024 earnings: EPS misses analyst expectations

Full year 2024 earnings: EPS misses analyst expectations

First Internet Bancorp to Report Q4, 2024 Results on Jan 22, 2025

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

Third quarter dividend of US$0.06 announced

First Internet Bancorp to Pay Cash Dividend, Payable on January 15, 2025

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

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

Calculated Fintech Partnerships And SBA Lending Propel Growth And Profitability

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