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First Internet Bancorp - Fixed- (INBKZ) Financials

First Internet Bancorp - Fixed- logo
$25.11 -0.09 (-0.36%)
As of 07/16/2026 04:00 PM Eastern
This is a fair market value price provided by Massive. Learn more.
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Annual Income Statements for First Internet Bancorp - Fixed-

Annual Income Statements for First Internet Bancorp - Fixed-

This table shows First Internet Bancorp - Fixed-'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 4.32 8.93 12 15 22 25 29 48 36 8.42 25
Consolidated Net Income / (Loss)		 4.32 8.93 12 15 22 25 29 48 36 8.42 25
Net Income / (Loss) Continuing Operations		 4.32 8.93 12 15 22 25 29 48 36 8.42 25
Total Pre-Tax Income 		6.45 14 18 23 24 27 34 57 40 4.94 28
Total Revenue		 29 41 54 65 71 80 101 119 118 101 135
Net Interest Income / (Expense)		 22 31 40 54 62 63 65 87 97 75 87
Total Interest Income		 31 41 59 85 115 147 137 134 157 239 292
Loans and Leases Interest Income		 28 37 49 70 99 122 121 123 141 192 234
Investment Securities Interest Income		 3.09 4.04 9.18 13 13 16 13 8.99 12 21 31
Other Interest Income		 0.25 0.36 0.66 1.41 2.95 8.78 3.38 1.43 3.83 26 28
Total Interest Expense		 8.93 11 19 31 53 84 72 47 60 165 205
Deposits Interest Expense		 7.65 8.76 16 24 42 69 56 30 42 143 183
Long-Term Debt Interest Expense		 1.28 1.94 3.36 6.74 11 15 16 18 18 21 21
Total Non-Interest Income		 7.17 10 14 11 8.76 17 36 33 21 26 47
Other Service Charges		 6.71 10 14 10 1.61 2.58 1.66 1.69 2.42 2.30 9.41
Net Realized & Unrealized Capital Gains on Investments		 0.46 0.00 0.00 0.39 0.50 1.62 8.44 14 11 21 33
Other Non-Interest Income		 - - - - 6.65 13 26 17 7.47 3.30 4.61
Provision for Credit Losses		 0.35 1.95 4.33 4.87 3.89 5.97 9.33 1.03 4.98 15 19
Total Non-Interest Expense		 23 25 31 37 43 47 58 62 73 79 90
Salaries and Employee Benefits		 12 14 17 21 23 27 34 38 42 45 52
Net Occupancy & Equipment Expense		 3.93 3.78 4.83 5.15 6.23 7.40 7.92 8.71 13 13 14
Marketing Expense		 1.46 1.76 1.82 2.39 2.47 1.80 1.65 3.26 3.55 2.57 2.59
Property & Liability Insurance Claims		 0.59 0.64 1.16 1.41 1.96 1.90 1.81 1.21 1.15 3.88 5.00
Other Operating Expenses		 4.34 4.83 6.26 6.60 9.36 8.52 12 10 14 15 16
Nonoperating Income / (Expense), net		 - - - - - - - 0.00 0.00 -1.24 1.61
Income Tax Expense		 2.13 4.74 5.91 7.70 2.05 1.92 4.45 8.46 4.56 -3.48 2.27
Basic Earnings per Share		 $0.96 $1.97 $2.32 $2.14 $2.31 $2.51 $2.99 $4.85 $3.73 $0.95 $2.91
Weighted Average Basic Shares Outstanding		 4.50M 4.53M 5.21M 7.12M 9.49M 10.04M 9.84M 9.92M 9.53M 8.84M 8.69M
Diluted Earnings per Share		 $0.96 $1.96 $2.30 $2.13 $2.30 $2.51 $2.99 $4.82 $3.70 $0.95 $2.88
Weighted Average Diluted Shares Outstanding		 4.51M 4.55M 5.24M 7.15M 9.51M 10.04M 9.84M 9.98M 9.60M 8.86M 8.77M
Weighted Average Basic & Diluted Shares Outstanding		 4.50M 4.50M 5.20M 7.10M 9.50M 9.75M 9.68M - 8.95M 8.66M 8.70M
Cash Dividends to Common per Share		 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24 $0.24

Quarterly Income Statements for First Internet Bancorp - Fixed-

This table shows First Internet Bancorp - Fixed-'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 3.41 4.14 5.18 5.78 6.99 7.33 0.94 0.19 -42 2.51
Consolidated Net Income / (Loss)		 3.41 4.14 5.18 5.78 6.99 7.33 0.94 0.19 -42 2.51
Net Income / (Loss) Continuing Operations		 3.41 4.14 5.18 5.78 6.99 7.33 0.94 0.19 -42 2.51
Total Pre-Tax Income 		3.08 3.56 5.61 5.99 7.61 8.33 0.03 -1.86 -55 1.78
Total Revenue		 25 27 29 32 34 39 36 34 5.71 43
Net Interest Income / (Expense)		 17 20 21 21 22 24 25 28 30 32
Total Interest Income		 63 66 68 71 75 78 77 81 84 76
Loans and Leases Interest Income		 49 53 55 57 60 62 63 67 69 61
Investment Securities Interest Income		 5.21 6.41 6.66 7.45 8.00 8.41 9.12 9.72 9.27 10
Other Interest Income		 8.90 7.17 6.07 6.42 7.20 7.84 5.04 4.49 6.16 4.82
Total Interest Expense		 46 46 47 50 53 54 52 53 54 44
Deposits Interest Expense		 40 41 42 44 47 49 48 47 50 40
Long-Term Debt Interest Expense		 5.30 5.39 5.30 5.14 5.81 5.11 4.11 6.10 3.90 3.85
Total Non-Interest Income		 7.41 7.40 8.35 11 12 16 10 5.56 -25 12
Other Service Charges		 0.82 -0.20 1.81 1.85 1.13 4.61 1.78 2.78 1.36 1.50
Net Realized & Unrealized Capital Gains on Investments		 5.57 6.03 6.54 8.29 9.93 8.57 8.65 1.67 -27 7.38
Other Non-Interest Income		 1.02 - - 0.89 0.97 - - 1.10 1.09 2.64
Provision for Credit Losses		 1.85 3.44 2.45 3.92 3.86 8.59 12 14 34 17
Total Non-Interest Expense		 20 20 21 22 23 24 24 22 25 25
Salaries and Employee Benefits		 12 11 12 12 13 14 13 11 14 13
Net Occupancy & Equipment Expense		 3.02 3.34 3.39 3.76 3.59 3.61 3.75 3.94 4.22 4.45
Marketing Expense		 0.50 0.52 0.74 0.61 0.55 0.70 0.65 0.70 0.48 0.62
Property & Liability Insurance Claims		 1.07 1.33 1.15 1.17 1.22 1.46 1.40 1.56 1.58 1.49
Other Operating Expenses		 3.41 3.81 3.96 4.33 3.98 4.15 4.65 4.73 4.79 5.24
Nonoperating Income / (Expense), net		 -0.11 - - -0.11 0.44 - - -0.02 -0.40 0.30
Income Tax Expense		 -0.33 -0.59 0.43 0.22 0.62 1.00 -0.91 -2.05 -13 -0.73
Basic Earnings per Share		 $0.39 $0.45 $0.60 $0.67 $0.80 $0.84 $0.11 $0.02 ($4.76) $0.29
Weighted Average Basic Shares Outstanding		 8.74M 8.84M 8.68M 8.59M 8.70M 8.69M 8.72M 8.73M 8.74M 8.73M
Diluted Earnings per Share		 $0.39 $0.45 $0.59 $0.67 $0.80 $0.82 $0.11 $0.02 ($4.76) $0.29
Weighted Average Diluted Shares Outstanding		 8.77M 8.86M 8.75M 8.66M 8.77M 8.77M 8.78M 8.76M 8.74M 8.77M
Weighted Average Basic & Diluted Shares Outstanding		 8.64M 8.66M 8.66M 8.67M 8.67M 8.70M 8.70M 8.71M 8.71M 8.72M
Cash Dividends to Common per Share		 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06 $0.06

Annual Cash Flow Statements for First Internet Bancorp - Fixed-

This table details how cash moves in and out of First Internet Bancorp - Fixed-'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -25 -3.14 14 8.53 141 139 92 23 -186 149 61
Net Cash From Operating Activities		 1.98 11 26 25 29 -44 13 55 83 12 13
Net Cash From Continuing Operating Activities		 1.98 11 26 25 29 -44 13 55 83 12 13
Net Income / (Loss) Continuing Operations		 4.32 8.93 12 15 22 25 29 48 36 8.42 25
Consolidated Net Income / (Loss)		 4.32 8.93 12 15 22 25 29 48 36 8.42 25
Provision For Loan Losses		 0.35 1.95 4.33 4.87 3.89 5.97 9.33 1.03 4.98 17 17
Depreciation Expense		 1.90 1.94 3.80 5.30 5.67 6.93 7.83 8.78 8.73 5.75 8.46
Non-Cash Adjustments to Reconcile Net Income		 -7.43 -1.14 13 1.88 11 -45 -35 -8.24 28 -8.33 -38
Changes in Operating Assets and Liabilities, net		 2.83 -0.77 -6.82 -2.63 -13 -37 1.23 5.16 5.08 -11 0.33
Net Cash From Investing Activities		 -187 -304 -587 -908 -639 -313 -45 44 -601 -475 -496
Net Cash From Continuing Investing Activities		 -187 -304 -587 -908 -639 -313 -45 44 -601 -475 -496
Purchase of Property, Leasehold Improvements and Equipment		 -0.92 -2.54 -3.17 -1.52 -2.22 -4.11 -26 -30 -18 -5.37 -2.59
Purchase of Investment Securities		 -346 -324 -676 -1,052 -278 -535 -470 -446 -473 -474 -605
Sale and/or Maturity of Investments		 159 22 92 145 105 417 404 196 104 72 112
Net Cash From Financing Activities		 159 290 575 892 750 495 124 -76 332 612 544
Net Cash From Continuing Financing Activities		 159 290 575 892 750 495 124 -76 332 612 544
Net Change in Deposits		 86 197 507 622 586 483 117 -92 262 624 866
Issuance of Debt		 170 310 181 542 375 630 450 499 615 475 430
Repayment of Debt		 -95 -216 -158 -322 -263 -605 -440 -475 -515 -475 -750
Repurchase of Common Equity		 - - 0.00 0.00 -0.22 -9.78 0.00 -4.44 -28 -9.34 -0.28
Payment of Dividends		 -1.08 -1.09 -1.20 -1.68 -2.23 -2.42 -2.35 -2.42 -2.32 -2.16 -2.08
Other Financing Activities, Net		 -0.11 0.02 -0.04 -0.17 -0.21 -0.33 -0.15 -0.44 -0.29 -0.15 -0.18
Cash Interest Paid		 8.93 11 19 31 52 82 75 47 59 164 206
Cash Income Taxes Paid		 2.35 3.79 5.89 6.57 0.49 4.56 5.91 7.05 2.01 0.94 0.68

Quarterly Cash Flow Statements for First Internet Bancorp - Fixed-

This table details how cash moves in and out of First Internet Bancorp - Fixed-'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Change in Cash & Equivalents		 56 -115 75 -84 316 -246 -72 52 341 145
Net Cash From Operating Activities		 4.22 12 2.79 16 0.33 -6.16 33 -90 37 76
Net Cash From Continuing Operating Activities		 4.22 12 2.79 16 0.33 -6.16 33 -90 37 76
Net Income / (Loss) Continuing Operations		 3.41 4.14 5.18 5.78 6.99 7.33 0.94 0.19 -42 2.51
Consolidated Net Income / (Loss)		 3.41 4.14 5.18 5.78 6.99 7.33 0.94 0.19 -42 2.51
Provision For Loan Losses		 1.95 3.59 2.45 4.03 3.39 7.20 12 14 35 16
Depreciation Expense		 0.10 2.73 1.87 1.98 2.18 2.43 1.07 1.91 2.25 2.71
Non-Cash Adjustments to Reconcile Net Income		 -0.62 3.92 -0.06 2.81 -16 -25 22 -94 45 53
Changes in Operating Assets and Liabilities, net		 -0.62 -2.08 -6.64 1.43 3.61 1.94 -2.79 -12 -2.95 0.90
Net Cash From Investing Activities		 -176 -110 -93 -100 -148 -155 -216 -80 703 -62
Net Cash From Continuing Investing Activities		 -176 -110 -93 -100 -148 -155 -216 -80 703 -62
Purchase of Property, Leasehold Improvements and Equipment		 -1.84 -0.40 -0.94 -0.56 -0.60 -0.50 -0.18 -0.65 -0.11 -0.30
Purchase of Investment Securities		 -177 -111 -76 -105 -115 -310 -191 18 -43 -69
Sale and/or Maturity of Investments		 17 18 23 23 28 38 33 45 842 52
Other Investing Activities, net		 -14 -16 -40 -18 -60 - -58 -142 -96 -45
Net Cash From Financing Activities		 227 -18 166 -0.38 463 -85 112 222 -399 131
Net Cash From Continuing Financing Activities		 227 -18 166 -0.38 463 -85 112 222 -399 131
Net Change in Deposits		 229 -17 207 0.15 524 135 12 353 -383 142
Issuance of Debt		 195 60 110 210 110 - 100 4.50 - 0.00
Repayment of Debt		 -195 -60 -150 -210 -170 -220 0.00 -135 -15 -10
Payment of Dividends		 -0.53 -0.53 -0.52 -0.53 -0.53 -0.50 -0.52 -0.53 -0.52 -0.52
Other Financing Activities, Net		 - -0.05 -0.15 -0.00 0.00 -0.03 -0.23 0.00 -0.01 -0.19
Cash Interest Paid		 46 46 48 50 54 55 53 53 54 45
Cash Income Taxes Paid		 0.05 0.08 0.09 0.29 0.11 0.19 0.15 0.09 0.02 -0.37

Annual Balance Sheets for First Internet Bancorp - Fixed-

This table presents First Internet Bancorp - Fixed-'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,270 1,854 2,768 3,542 4,100 4,246 4,211 4,543 5,168 5,738 5,572
Cash and Due from Banks		 1.06 2.28 4.54 7.08 5.06 7.37 7.49 17 8.27 9.25 6.15
Interest Bearing Deposits at Other Banks		 24 37 43 182 322 412 435 239 398 457 451
Trading Account Securities		 250 500 544 522 659 605 710 601 724 892 1,138
Loans and Leases, Net of Allowance		 946 1,240 2,076 2,698 2,942 3,030 2,860 3,468 3,801 4,126 3,691
Loans and Leases		 954 1,251 2,091 2,716 2,964 3,059 2,888 3,499 3,840 4,171 3,747
Allowance for Loan and Lease Losses		 8.35 11 15 18 22 29 28 32 39 45 56
Premises and Equipment, Net		 8.52 10 10 11 15 38 60 73 73 71 68
Goodwill		 4.70 4.69 4.70 4.69 4.69 4.69 4.69 4.69 4.69 4.69 4.69
Other Assets		 35 60 85 117 153 149 133 140 158 178 213
Total Liabilities & Shareholders' Equity		 1,270 1,854 2,768 3,542 4,100 4,246 4,211 4,543 5,168 5,738 5,572
Total Liabilities		 1,166 1,700 2,544 3,253 3,795 3,915 3,831 4,178 4,805 5,354 5,212
Non-Interest Bearing Deposits		 24 31 45 43 57 97 118 175 123 136 147
Interest Bearing Deposits		 932 1,432 2,040 2,628 3,097 3,174 3,061 3,266 3,944 4,797 4,693
Accrued Interest Payable		 0.12 0.11 0.31 1.11 3.77 1.44 2.02 2.91 3.85 2.50 1.74
Long-Term Debt		 204 227 447 559 584 595 619 719 720 400 355
Other Long-Term Liabilities		 5.69 11 11 21 53 48 31 15 14 18 15
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 104 154 224 289 305 331 380 365 363 384 360
Total Preferred & Common Equity		 104 154 224 289 305 331 380 365 363 384 360
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 104 154 224 289 305 331 380 365 363 384 360
Common Stock		 73 120 172 228 219 221 219 193 185 186 187
Retained Earnings		 33 44 57 78 100 127 172 206 207 231 193
Accumulated Other Comprehensive Income / (Loss)		 -1.21 -9.27 -5.02 -17 -14 -17 -11 -34 -29 -33 -20

Quarterly Balance Sheets for First Internet Bancorp - Fixed-

This table presents First Internet Bancorp - Fixed-'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 5,169 5,341 5,343 5,823 5,852 6,073 5,639 5,712
Cash and Due from Banks		 3.60 6.64 6.16 6.54 6.34 9.26 11 11
Interest Bearing Deposits at Other Banks		 518 475 391 706 388 437 777 591
Trading Account Securities		 714 741 778 872 990 1,043 1,029 1,103
Loans and Leases, Net of Allowance		 3,699 3,869 3,918 3,990 4,207 4,316 3,544 3,719
Loans and Leases		 3,735 3,910 3,961 4,036 4,254 4,363 3,604 3,776
Allowance for Loan and Lease Losses		 36 41 43 46 47 47 60 56
Premises and Equipment, Net		 74 73 73 72 70 70 69 67
Goodwill		 4.69 4.69 4.69 4.69 4.69 4.69 4.69 4.69
Other Assets		 156 172 173 172 185 193 205 215
Total Liabilities & Shareholders' Equity		 5,169 5,341 5,343 5,823 5,852 6,073 5,639 5,712
Total Liabilities		 4,821 4,974 4,971 5,438 5,464 5,682 5,287 5,351
Non-Interest Bearing Deposits		 125 131 126 112 152 145 244 150
Interest Bearing Deposits		 3,958 4,143 4,147 4,686 4,794 5,154 4,672 4,832
Accrued Interest Payable		 2.97 3.38 3.42 2.81 1.65 1.61 1.24 1.23
Long-Term Debt		 720 680 680 620 500 370 355 345
Other Long-Term Liabilities		 15 17 14 18 16 12 15 23
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 348 367 372 385 388 390 352 361
Total Preferred & Common Equity		 348 367 372 385 388 390 352 361
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 348 367 372 385 388 390 352 361
Common Stock		 185 185 185 186 186 186 187 187
Retained Earnings		 204 212 217 224 231 231 189 195
Accumulated Other Comprehensive Income / (Loss)		 -41 -30 -31 -24 -29 -27 -23 -21

Annual Metrics And Ratios for First Internet Bancorp - Fixed-

This table displays calculated financial ratios and metrics derived from First Internet Bancorp - Fixed-'s official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.26% 38.81% 31.48% 20.01% 10.08% 12.29% 26.48% 18.36% -0.88% -14.64% 33.35%
EBITDA Growth		 -0.74% 86.82% 39.58% 29.58% 4.93% 15.07% 22.44% 56.60% -25.28% -75.66% 188.19%
EBIT Growth		 4.72% 111.86% 31.61% 27.48% 4.47% 13.38% 24.83% 66.89% -29.12% -84.69% 320.22%
NOPAT Growth		 -5.86% 106.50% 35.22% 26.11% 43.83% 15.25% 16.70% 63.36% -26.13% -70.37% 126.01%
Net Income Growth		 -5.86% 106.50% 35.22% 26.11% 43.83% 15.25% 16.70% 63.36% -26.13% -76.32% 200.30%
EPS Growth		 -36.42% 104.17% 17.35% -7.39% 7.98% 9.13% 19.12% 61.20% -23.24% -74.32% 203.16%
Operating Cash Flow Growth		 -95.23% 450.91% 142.67% -6.97% 19.22% -248.44% 129.99% 319.65% 50.84% -85.88% 11.23%
Free Cash Flow Firm Growth		 -306.88% -20.57% 34.70% -355.68% 43.76% 89.44% -393.53% 159.63% -202.68% 125.10% 2,498.35%
Invested Capital Growth		 64.60% 49.12% 23.53% 76.35% 26.34% 4.91% 12.38% 0.00% 8.50% -0.17% -27.56%
Revenue Q/Q Growth		 8.56% 5.79% 6.09% 6.79% -0.60% 4.33% 11.92% 2.25% -2.59% -0.26% 10.03%
EBITDA Q/Q Growth		 22.58% 9.45% 13.47% 6.93% -11.36% 15.91% 20.00% 13.44% -15.47% -16.76% 9.34%
EBIT Q/Q Growth		 31.63% 10.21% 11.87% 7.69% -13.62% 19.63% 23.49% 15.86% -17.99% -33.83% 14.29%
NOPAT Q/Q Growth		 22.67% 10.02% 13.46% -1.37% 0.36% 16.21% 15.69% 11.70% -11.80% -0.88% 7.76%
Net Income Q/Q Growth		 22.67% 10.02% 13.46% -1.37% 0.36% 16.21% 15.69% 11.70% -11.80% -20.78% 14.43%
EPS Q/Q Growth		 23.08% 9.50% 7.48% -11.25% -2.95% 19.52% 15.00% 10.55% -9.54% -19.49% 14.74%
Operating Cash Flow Q/Q Growth		 143.07% -13.28% 182.98% -35.06% 37.63% -25.11% 134.62% -39.76% -3.44% 40.33% -58.69%
Free Cash Flow Firm Q/Q Growth		 9.25% -44.16% -11.39% 3.61% -51.53% 85.28% -3,794.46% 210.17% -31.30% 16.69% 282.03%
Invested Capital Q/Q Growth		 11.96% 19.94% 18.29% 7.76% 13.53% 1.12% 10.71% 1.01% 1.59% 1.42% -21.98%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 28.36% 38.16% 40.52% 43.75% 41.70% 42.73% 41.37% 54.73% 41.26% 11.77% 25.43%
EBIT Margin		 21.89% 33.42% 33.45% 35.53% 33.72% 34.05% 33.60% 47.38% 33.88% 6.08% 19.15%
Profit (Net Income) Margin		 14.68% 21.83% 22.46% 23.60% 30.83% 31.65% 29.20% 40.30% 30.03% 8.33% 18.76%
Tax Burden Percent		 67.04% 65.34% 67.13% 66.41% 91.43% 92.94% 86.89% 85.05% 88.63% 170.38% 91.77%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 80.47% 106.76%
Effective Tax Rate		 32.96% 34.66% 32.87% 33.59% 8.57% 7.06% 13.11% 14.95% 11.37% -70.38% 8.23%
Return on Invested Capital (ROIC)		 2.60% 3.47% 3.51% 2.90% 2.88% 2.91% 3.12% 4.81% 3.41% 0.97% 2.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.60% 3.47% 3.51% 2.90% 2.88% 2.91% 3.12% 4.81% 3.41% 0.68% 2.81%
Return on Net Nonoperating Assets (RNNOA)		 2.00% 5.41% 5.84% 5.16% 5.66% 5.60% 5.48% 7.84% 6.13% 1.34% 4.22%
Return on Equity (ROE)		 4.61% 8.88% 9.35% 8.05% 8.54% 8.50% 8.60% 12.65% 9.54% 2.31% 6.77%
Cash Return on Invested Capital (CROIC)		 -46.22% -35.96% -17.55% -52.36% -20.39% -1.88% -8.54% 4.81% -4.74% 1.14% 34.51%
Operating Return on Assets (OROA)		 0.73% 1.22% 1.15% 0.99% 0.76% 0.71% 0.82% 1.34% 0.92% 0.13% 0.47%
Return on Assets (ROA)		 0.49% 0.80% 0.77% 0.66% 0.69% 0.66% 0.71% 1.14% 0.81% 0.17% 0.46%
Return on Common Equity (ROCE)		 4.61% 8.88% 9.35% 8.05% 8.54% 8.50% 8.60% 12.65% 9.54% 2.31% 6.77%
Return on Equity Simple (ROE_SIMPLE)		 4.47% 8.56% 7.84% 6.79% 7.58% 8.28% 7.74% 12.65% 9.74% 2.32% 6.58%
Net Operating Profit after Tax (NOPAT)		 4.32 8.93 12 15 22 25 29 48 36 11 24
NOPAT Margin		 14.68% 21.83% 22.46% 23.60% 30.83% 31.65% 29.20% 40.30% 30.03% 10.42% 17.67%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.29% -0.26%
SG&A Expenses to Revenue		 60.20% 48.44% 44.70% 44.50% 44.87% 45.40% 43.43% 42.04% 48.82% 60.24% 50.99%
Operating Expenses to Revenue		 76.92% 61.83% 58.50% 56.91% 60.80% 58.47% 57.15% 51.76% 61.91% 78.63% 66.89%
Earnings before Interest and Taxes (EBIT)		 6.45 14 18 23 24 27 34 57 40 6.14 26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8.35 16 22 28 30 34 42 65 49 12 34
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.70 1.13 1.07 1.34 0.68 0.72 0.72 1.19 0.60 0.57 0.81
Price to Tangible Book Value (P/TBV)		 0.74 1.19 1.10 1.37 0.69 0.74 0.73 1.20 0.61 0.58 0.82
Price to Revenue (P/Rev)		 2.30 2.89 3.06 4.66 2.77 2.77 2.70 3.79 1.86 2.05 2.32
Price to Earnings (P/E)		 15.67 13.26 13.63 19.74 8.98 8.74 9.26 9.40 6.18 24.65 12.34
Dividend Yield		 1.57% 0.91% 0.81% 0.67% 1.24% 1.06% 0.86% 0.52% 1.01% 1.00% 0.67%
Earnings Yield		 6.38% 7.54% 7.34% 5.07% 11.14% 11.44% 10.80% 10.64% 16.18% 4.06% 8.10%
Enterprise Value to Invested Capital (EV/IC)		 0.71 0.96 0.92 1.04 0.67 0.54 0.45 0.63 0.63 0.48 0.31
Enterprise Value to Revenue (EV/Rev)		 5.00 7.24 6.54 10.84 7.98 5.99 4.45 5.26 5.77 5.16 1.82
Enterprise Value to EBITDA (EV/EBITDA)		 17.62 18.96 16.13 24.78 19.14 14.02 10.76 9.61 13.98 43.86 7.17
Enterprise Value to EBIT (EV/EBIT)		 22.83 21.65 19.54 30.51 23.67 17.59 13.25 11.11 17.02 84.93 9.52
Enterprise Value to NOPAT (EV/NOPAT)		 34.05 33.14 29.11 45.94 25.89 18.93 15.25 13.06 19.20 49.51 10.32
Enterprise Value to Operating Cash Flow (EV/OCF)		 74.36 27.13 13.28 28.41 19.31 0.00 34.36 11.46 8.25 44.64 18.91
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.06 0.00 42.05 0.76
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.13 1.95 1.47 1.99 1.94 1.92 1.63 1.63 1.97 1.98 1.04
Long-Term Debt to Equity		 1.13 1.95 1.47 1.99 1.94 1.92 1.63 1.63 1.97 1.98 1.04
Financial Leverage		 0.77 1.56 1.67 1.78 1.96 1.93 1.76 1.63 1.80 1.98 1.50
Leverage Ratio		 9.45 11.14 12.10 12.23 12.30 12.87 12.13 11.07 11.75 13.34 14.60
Compound Leverage Factor		 9.45 11.14 12.10 12.23 12.30 12.87 12.13 11.07 11.75 10.74 15.59
Debt to Total Capital		 53.14% 66.13% 59.54% 66.60% 65.94% 65.72% 61.95% 61.95% 66.34% 66.49% 51.03%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 53.14% 66.13% 59.54% 66.60% 65.94% 65.72% 61.95% 61.95% 66.34% 66.49% 51.03%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 46.86% 33.87% 40.46% 33.40% 34.06% 34.28% 38.05% 38.05% 33.66% 33.51% 48.97%
Debt to EBITDA		 13.14 13.05 10.40 15.83 18.87 17.15 14.84 9.47 14.73 60.55 11.68
Net Debt to EBITDA		 9.51 11.38 8.58 14.13 12.50 7.54 4.22 2.70 9.48 26.40 -1.93
Long-Term Debt to EBITDA		 13.14 13.05 10.40 15.83 18.87 17.15 14.84 9.47 14.73 60.55 11.68
Debt to NOPAT		 25.39 22.81 18.76 29.35 25.53 23.16 21.02 12.87 20.24 68.34 16.81
Net Debt to NOPAT		 18.38 19.88 15.48 26.20 16.91 10.19 5.98 3.66 13.02 29.80 -2.78
Long-Term Debt to NOPAT		 25.39 22.81 18.76 29.35 25.53 23.16 21.02 12.87 20.24 68.34 16.81
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -77 -93 -60 -275 -155 -16 -81 48 -49 12 322
Operating Cash Flow to CapEx		 216.39% 428.94% 834.23% 1,623.20% 1,322.94% -1,061.56% 51.13% 251.84% 472.24% 217.63% 501.23%
Free Cash Flow to Firm to Interest Expense		 -8.60 -8.65 -3.15 -8.96 -2.91 -0.19 -1.12 1.02 -0.83 0.08 1.58
Operating Cash Flow to Interest Expense		 0.22 1.02 1.38 0.80 0.55 -0.52 0.18 1.16 1.38 0.07 0.06
Operating Cash Flow Less CapEx to Interest Expense		 0.12 0.78 1.21 0.75 0.51 -0.56 -0.17 0.70 1.09 0.04 0.05
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.04 0.03 0.03 0.02 0.02 0.02 0.03 0.03 0.02 0.02
Fixed Asset Turnover		 4.15 5.25 5.79 6.42 6.84 6.30 2.71 2.00 1.79 1.38 1.86
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 207 308 381 671 848 889 999 999 1,084 1,083 784
Invested Capital Turnover		 0.18 0.16 0.16 0.12 0.09 0.09 0.11 0.12 0.11 0.09 0.14
Increase / (Decrease) in Invested Capital		 81 101 72 291 177 42 110 0.00 85 -1.87 -298
Enterprise Value (EV)		 147 296 351 699 567 478 449 628 683 521 246
Market Capitalization		 68 118 165 301 197 221 273 452 220 208 312
Book Value per Share		 $21.80 $23.28 $27.82 $26.65 $28.36 $31.30 $38.81 $38.60 $39.50 $41.97 $44.31
Tangible Book Value per Share		 $20.74 $22.23 $26.98 $26.09 $27.90 $30.82 $38.33 $38.12 $38.99 $41.43 $43.77
Total Capital		 207 308 381 671 848 889 999 999 1,084 1,083 784
Total Debt		 110 204 227 447 559 584 619 619 719 720 400
Total Long-Term Debt		 110 204 227 447 559 584 619 619 719 720 400
Net Debt		 79 178 187 399 370 257 176 176 463 314 -66
Capital Expenditures (CapEx)		 0.92 2.54 3.17 1.52 2.22 4.11 26 22 18 5.37 2.59
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.11 -1.47
Net Nonoperating Obligations (NNO)		 110 204 227 447 559 584 619 619 719 720 400
Total Depreciation and Amortization (D&A)		 1.90 1.94 3.80 5.30 5.67 6.93 7.83 8.78 8.73 5.75 8.46
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.96 $1.97 $2.32 $2.14 $2.31 $2.51 $0.00 $0.00 $3.73 $0.95 $2.91
Adjusted Weighted Average Basic Shares Outstanding		 4.50M 4.53M 5.21M 7.12M 9.49M 10.04M 0.00 0.00 9.53M 8.84M 8.69M
Adjusted Diluted Earnings per Share		 $0.96 $1.96 $2.30 $2.13 $2.30 $2.51 $0.00 $0.00 $3.70 $0.95 $2.88
Adjusted Weighted Average Diluted Shares Outstanding		 4.51M 4.55M 5.24M 7.15M 9.51M 10.04M 0.00 0.00 9.60M 8.86M 8.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $2.51 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.49M 4.49M 6.48M 8.42M 10.13M 9.75M 0.00 0.00 8.95M 8.66M 8.70M
Normalized Net Operating Profit after Tax (NOPAT)		 4.32 8.93 12 15 22 25 29 48 36 4.33 24
Normalized NOPAT Margin		 14.68% 21.83% 22.46% 23.60% 30.83% 31.65% 29.20% 40.30% 30.03% 4.28% 17.67%
Pre Tax Income Margin		 21.89% 33.42% 33.45% 35.53% 33.72% 34.05% 33.60% 47.38% 33.88% 4.89% 20.44%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.72 1.28 0.94 0.75 0.45 0.32 0.47 1.20 0.67 0.04 0.13
NOPAT to Interest Expense		 0.48 0.84 0.63 0.50 0.41 0.30 0.41 1.02 0.59 0.06 0.12
EBIT Less CapEx to Interest Expense		 0.62 1.04 0.77 0.70 0.41 0.27 0.12 0.74 0.38 0.00 0.11
NOPAT Less CapEx to Interest Expense		 0.38 0.60 0.46 0.45 0.37 0.25 0.05 0.56 0.30 0.03 0.10
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.98% 12.24% 9.93% 11.00% 10.18% 9.58% 7.98% 5.02% 6.52% 25.61% 8.22%
Augmented Payout Ratio		 24.98% 12.24% 9.93% 11.00% 11.17% 48.35% 7.98% 14.24% 84.68% 136.58% 9.34%

Quarterly Metrics And Ratios for First Internet Bancorp - Fixed-

This table displays calculated financial ratios and metrics derived from First Internet Bancorp - Fixed-'s official financial filings.

Metric Q3 2022 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 9,408,151.00 8,717,407.00 8,643,673.00 8,655,854.00 8,655,854.00 8,667,894.00 - 8,697,085.00 8,697,085.00 8,713,094.00 8,706,094.00
DEI Adjusted Shares Outstanding		 9,408,151.00 8,717,407.00 8,643,673.00 8,655,854.00 8,655,854.00 8,667,894.00 - 8,697,085.00 8,697,085.00 8,713,094.00 8,706,094.00
DEI Earnings Per Adjusted Shares Outstanding		 0.90 0.39 0.48 0.60 0.67 0.81 - 0.11 0.02 -4.77 0.29
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -12.45% -12.45% -0.98% 16.23% 34.74% 36.35% 45.13% 22.15% 3.67% -83.12% 21.37%
EBITDA Growth		 -55.79% -38.35% -27.08% 274.23% 25.28% 184.33% 45.40% -85.23% -99.22% -656.50% 279.80%
EBIT Growth		 -66.26% 0.00% -45.78% 204.88% 32.90% 124.66% 86.79% -99.39% -130.29% -858.15% 4,261.76%
NOPAT Growth		 -58.13% 0.00% -34.77% 238.37% 20.38% 86.50% 76.92% -81.80% -121.85% -675.44% 122.07%
Net Income Growth		 -59.59% -59.59% -34.77% 271.73% 48.76% 105.05% 76.92% -81.80% -96.66% -695.04% 166.07%
EPS Growth		 -56.18% -56.18% -33.82% 278.79% 52.27% 105.13% 82.22% -81.36% -97.01% -695.00% 163.64%
Operating Cash Flow Growth		 1,400.69% -80.62% 37.52% -52.68% 249.18% -92.16% -150.02% 1,076.10% -662.70% 11,100.30% 130.16%
Free Cash Flow Firm Growth		 5.01% 104.75% 107.65% -205.18% -211.34% 1,848.75% 4,986.26% 115.32% 127.78% 278.12% 15.36%
Invested Capital Growth		 7.87% 0.00% -0.17% 0.00% 0.00% -5.83% -27.56% -15.16% -27.75% -29.66% -20.49%
Revenue Q/Q Growth		 -17.37% 3.20% 9.78% 6.88% 11.28% 4.43% 16.85% -10.04% -5.56% -82.99% 0.00%
EBITDA Q/Q Growth		 -59.39% -49.17% 96.49% 16.00% 8.13% 15.36% 0.48% -88.22% -94.29% -82,479.37% 0.00%
EBIT Q/Q Growth		 -70.63% -30.79% 16.89% 50.97% 8.81% 17.01% -2.81% -99.51% -5,538.24% -2,828.45% 0.00%
NOPAT Q/Q Growth		 -63.00% -27.74% 17.31% 25.05% 13.57% 11.95% 11.28% -87.14% -236.36% -2,847.58% 0.00%
Net Income Q/Q Growth		 -64.29% -12.18% 21.53% 25.05% 11.47% 21.04% 4.86% -87.14% -79.53% -21,650.78% 0.00%
EPS Q/Q Growth		 -60.61% -11.36% 15.38% 31.11% 13.56% 19.40% 2.50% -86.59% -81.82% -23,900.00% 0.00%
Operating Cash Flow Q/Q Growth		 3.00% 139.29% 191.56% -77.32% 474.17% -97.93% -1,959.52% 633.31% -374.71% 141.11% 0.00%
Free Cash Flow Firm Q/Q Growth		 -505.65% -99.62% 70.17% -17,427.94% -0.45% 106.58% 344.15% -47.80% 82.14% -10.45% 0.00%
Invested Capital Q/Q Growth		 14.21% 0.00% 1.42% -3.32% 0.51% -4.44% -21.98% 13.23% -14.41% -6.97% 0.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 21.46% 13.23% 23.69% 25.71% 24.98% 27.60% 23.73% 3.11% 0.19% -909.71% 9.72%
EBIT Margin		 12.83% 12.83% 13.66% 19.29% 18.86% 21.13% 17.58% 0.10% -5.51% -949.11% 3.44%
Profit (Net Income) Margin		 13.75% 13.75% 15.23% 17.82% 17.85% 20.68% 18.56% 2.65% 0.58% -729.06% 5.82%
Tax Burden Percent		 110.57% 110.57% 116.44% 92.35% 96.36% 91.85% 88.01% 2,773.53% -10.37% 76.26% 140.64%
Interest Burden Percent		 96.98% 96.98% 95.75% 100.00% 98.18% 106.55% 120.00% 100.00% 100.65% 100.73% 120.30%
Effective Tax Rate		 -10.57% -10.57% -16.44% 7.65% 3.64% 8.15% 11.99% -2,673.53% 0.00% 0.00% -40.64%
Return on Invested Capital (ROIC)		 1.68% 1.35% 1.42% 3.58% 3.92% 2.30% 2.68% 0.39% -0.60% -88.67% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.66% 1.34% 1.42% 3.58% 3.89% 2.36% 2.68% 0.39% -0.32% -89.43% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 3.10% 2.71% 2.81% 3.37% 7.11% 4.32% 4.02% 0.61% -0.44% -118.25% 0.00%
Return on Equity (ROE)		 4.79% 4.06% 4.23% 6.95% 11.03% 6.62% 6.70% 0.99% -1.04% -206.92% 0.00%
Cash Return on Invested Capital (CROIC)		 -3.66% 1.00% 1.14% -196.82% -196.48% 8.14% 34.51% 18.57% 33.92% 30.90% 22.83%
Operating Return on Assets (OROA)		 0.33% 0.28% 0.28% 0.40% 0.40% 0.47% 0.43% 0.00% -0.14% -18.92% 0.00%
Return on Assets (ROA)		 0.35% 0.30% 0.32% 0.37% 0.38% 0.46% 0.46% 0.07% 0.01% -14.54% 0.00%
Return on Common Equity (ROCE)		 4.79% 4.06% 4.23% 6.95% 11.03% 6.62% 6.70% 0.99% -1.04% -206.92% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 11.59% 3.06% 0.00% 4.53% 4.98% 5.74% 0.00% 5.43% 3.96% -9.41% 0.00%
Net Operating Profit after Tax (NOPAT)		 3.53 3.53 4.14 5.18 5.88 6.59 7.33 0.94 -1.29 -38 2.09
NOPAT Margin		 14.25% 14.25% 15.23% 17.82% 18.18% 19.49% 18.56% 2.65% -3.83% -664.38% 4.86%
Net Nonoperating Expense Percent (NNEP)		 0.02% 0.02% 0.00% 0.00% 0.03% -0.06% 0.00% 0.00% -0.28% 0.76% -0.10%
SG&A Expenses to Revenue		 61.66% 61.66% 54.81% 54.75% 52.01% 52.07% 46.46% 49.28% 46.22% 334.60% 42.45%
Operating Expenses to Revenue		 79.71% 79.71% 73.71% 72.29% 69.02% 67.45% 60.67% 66.31% 64.98% 446.26% 58.05%
Earnings before Interest and Taxes (EBIT)		 3.18 3.18 3.72 5.61 6.10 7.14 6.94 0.03 -1.85 -54 1.48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.32 3.28 6.45 7.48 8.08 9.33 9.37 1.10 0.06 -52 4.19
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.40 0.40 0.57 0.81 0.62 0.76 0.81 0.59 0.60 0.55 0.49
Price to Tangible Book Value (P/TBV)		 0.41 0.41 0.58 0.82 0.63 0.77 0.82 0.60 0.61 0.56 0.50
Price to Revenue (P/Rev)		 1.16 1.38 2.05 2.84 2.05 2.40 2.32 1.63 1.64 1.71 0.00
Price to Earnings (P/E)		 3.28 13.19 24.65 17.95 12.54 13.33 12.34 10.95 15.14 0.00 0.00
Dividend Yield		 1.49% 1.49% 1.00% 0.70% 0.90% 0.71% 0.67% 0.91% 0.89% 1.07% 1.18%
Earnings Yield		 30.50% 7.58% 4.06% 5.57% 7.98% 7.50% 8.10% 9.13% 6.61% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.32 0.32 0.48 0.47 0.49 0.20 0.31 0.38 0.21 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 2.79 3.34 5.16 4.73 4.54 1.65 1.82 2.38 1.11 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 5.87 23.71 43.86 21.01 20.38 6.45 7.17 12.06 7.92 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 6.93 36.50 84.93 29.06 27.69 8.95 9.52 16.63 12.83 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 8.41 31.87 49.51 29.90 27.84 9.14 10.32 15.98 10.18 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.96 40.69 44.64 57.96 14.58 6.42 18.91 7.81 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 31.87 42.05 0.00 0.00 2.40 0.76 1.87 0.51 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.07 2.07 1.98 1.85 1.83 1.61 1.04 1.29 0.95 1.01 0.96
Long-Term Debt to Equity		 2.07 2.07 1.98 1.85 1.83 1.61 1.04 1.29 0.95 1.01 0.96
Financial Leverage		 1.86 2.03 1.98 0.94 1.83 1.83 1.50 1.56 1.38 1.32 1.13
Leverage Ratio		 13.12 13.31 13.34 13.93 14.37 15.00 14.60 14.83 14.98 15.55 15.44
Compound Leverage Factor		 12.72 12.91 12.78 13.93 14.10 15.98 17.52 14.83 15.07 15.66 18.58
Debt to Total Capital		 67.42% 67.42% 66.49% 64.96% 64.64% 61.69% 51.03% 56.33% 48.66% 50.19% 48.87%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 67.42% 67.42% 66.49% 64.96% 64.64% 61.69% 51.03% 56.33% 48.66% 50.19% 48.87%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 32.58% 32.58% 33.51% 35.04% 35.36% 38.31% 48.97% 43.67% 51.34% 49.81% 51.13%
Debt to EBITDA		 12.46 50.40 60.55 28.74 26.89 19.79 11.68 17.94 18.62 -8.58 0.00
Net Debt to EBITDA		 3.44 13.90 26.40 8.40 11.20 -2.95 -1.93 3.79 -3.85 10.46 0.00
Long-Term Debt to EBITDA		 12.46 50.40 60.55 28.74 26.89 19.79 11.68 17.94 18.62 -8.58 0.00
Debt to NOPAT		 17.86 67.74 68.34 40.92 36.74 28.07 16.81 23.78 23.93 -10.55 0.00
Net Debt to NOPAT		 4.93 18.68 29.80 11.95 15.30 -4.18 -2.78 5.03 -4.95 12.87 0.00
Long-Term Debt to NOPAT		 17.86 67.74 68.34 40.92 36.74 28.07 16.81 23.78 23.93 -10.55 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -74 3.53 6.01 -1,041 -1,046 69 306 160 291 260 184
Operating Cash Flow to CapEx		 1,255.77% 229.60% 3,099.24% 296.91% 2,882.19% 55.07% -1,243.43% 17,839.67% -13,872.62% 34,974.53% 25,267.56%
Free Cash Flow to Firm to Interest Expense		 -1.63 0.08 0.13 -21.96 -21.08 1.29 5.64 3.08 5.49 4.82 4.16
Operating Cash Flow to Interest Expense		 0.48 0.09 0.26 0.06 0.32 0.01 -0.11 0.63 -1.70 0.69 1.71
Operating Cash Flow Less CapEx to Interest Expense		 0.44 0.05 0.26 0.04 0.31 -0.01 -0.12 0.63 -1.72 0.68 1.70
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.00
Fixed Asset Turnover		 1.91 1.40 1.38 1.43 1.56 1.67 1.86 1.96 2.00 1.62 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,067 1,067 1,083 1,047 1,052 1,005 784 888 760 707 706
Invested Capital Turnover		 0.12 0.09 0.09 0.20 0.22 0.12 0.14 0.15 0.16 0.13 0.00
Increase / (Decrease) in Invested Capital		 78 0.00 -1.87 1,047 1,052 -62 -298 -159 -292 -298 -182
Enterprise Value (EV)		 339 339 521 497 515 202 246 336 157 -237 -79
Market Capitalization		 140 140 208 298 232 294 312 230 234 195 177
Book Value per Share		 $39.89 $39.89 $41.97 $42.37 $42.97 $44.43 $44.31 $44.58 $44.87 $40.42 $41.33
Tangible Book Value per Share		 $39.35 $39.35 $41.43 $41.83 $42.43 $43.89 $43.77 $44.04 $44.33 $39.88 $40.79
Total Capital		 1,067 1,067 1,083 1,047 1,052 1,005 784 888 760 707 706
Total Debt		 720 720 720 680 680 620 400 500 370 355 345
Total Long-Term Debt		 720 720 720 680 680 620 400 500 370 355 345
Net Debt		 198 198 314 199 283 -92 -66 106 -77 -433 -257
Capital Expenditures (CapEx)		 1.73 1.84 0.40 0.94 0.56 0.60 0.50 0.18 0.65 0.11 0.30
Net Nonoperating Expense (NNE)		 0.12 0.12 0.00 0.00 0.11 -0.40 0.00 0.00 -1.48 3.69 -0.41
Net Nonoperating Obligations (NNO)		 720 720 720 680 680 620 400 500 370 355 345
Total Depreciation and Amortization (D&A)		 2.14 0.10 2.73 1.87 1.98 2.18 2.43 1.07 1.91 2.25 2.71
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.39 $0.39 $0.45 $0.60 $0.67 $0.80 $0.84 $0.11 $0.02 ($4.76) $0.29
Adjusted Weighted Average Basic Shares Outstanding		 8.74M 8.74M 8.84M 8.68M 8.59M 8.70M 8.69M 8.72M 8.73M 8.74M 8.73M
Adjusted Diluted Earnings per Share		 $0.39 $0.39 $0.45 $0.59 $0.67 $0.80 $0.82 $0.11 $0.02 ($4.76) $0.29
Adjusted Weighted Average Diluted Shares Outstanding		 8.77M 8.77M 8.86M 8.75M 8.66M 8.77M 8.77M 8.78M 8.76M 8.74M 8.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.64M 8.64M 8.66M 8.66M 8.67M 8.67M 8.70M 8.70M 8.71M 8.71M 8.72M
Normalized Net Operating Profit after Tax (NOPAT)		 2.24 2.24 2.49 5.18 5.88 6.59 7.33 0.02 -1.29 -38 1.04
Normalized NOPAT Margin		 9.02% 9.02% 9.15% 17.82% 18.18% 19.49% 18.56% 0.07% -3.83% -664.38% 2.42%
Pre Tax Income Margin		 12.44% 12.44% 13.08% 19.29% 18.52% 22.52% 21.09% 0.10% -5.55% -956.06% 4.14%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.07 0.07 0.08 0.12 0.12 0.13 0.13 0.00 -0.04 -1.00 0.03
NOPAT to Interest Expense		 0.08 0.08 0.09 0.11 0.12 0.12 0.14 0.02 -0.02 -0.70 0.05
EBIT Less CapEx to Interest Expense		 0.03 0.03 0.07 0.10 0.11 0.12 0.12 0.00 -0.05 -1.00 0.03
NOPAT Less CapEx to Interest Expense		 0.04 0.04 0.08 0.09 0.11 0.11 0.13 0.01 -0.04 -0.70 0.04
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 5.82% 20.77% 25.61% 12.80% 11.42% 9.57% 8.22% 9.88% 13.48% -6.25% 0.00%
Augmented Payout Ratio		 68.02% 169.23% 136.58% 46.63% 26.82% 14.11% 9.34% 9.88% 13.48% -6.25% 0.00%

Financials Breakdown Chart

Key Financial Trends

First Internet Bancorp (NASDAQ: INBK) showed a sharp rebound in Q1 2026 after a difficult stretch in 2025, but the longer-term trend still looks uneven. The bank returned to profitability in the first quarter of 2026, posting net income of $2.5 million versus a $41.6 million loss in Q3 2025. However, the improvement came with some caveats: revenue remained modest, credit costs were still elevated, and the balance sheet showed a continued reliance on interest-bearing deposits.

On the positive side, profitability improved meaningfully from late 2025. Q1 2026 revenue reached $43.1 million, up from $5.7 million in Q3 2025, and the company swung back to positive earnings per share of $0.29. Net interest income also improved to $31.6 million from $30.4 million in Q3 2025, helped by lower interest expense and a stronger mix of operating income.

Loan growth continued over the past year, but not without risk. Loans and leases rose to $3.78 billion in Q1 2026 from $3.54 billion in Q3 2025 and $3.87 billion in Q1 2025. At the same time, the allowance for loan and lease losses remained significant at $56.5 million, suggesting the bank is still preparing for potential credit stress.

Deposits appear to have stabilized after a volatile period. Total deposits were $4.98 billion in Q1 2026, slightly above Q3 2025 levels and well below the outsized deposit swings seen in 2024 and 2025. The bank also generated $145.0 million of net cash growth in Q1 2026, supported by a $141.8 million increase in deposits.

  • Q1 2026 earnings rebounded sharply to $2.5 million, or $0.29 per share, after a large loss in Q3 2025.
  • Total revenue recovered to $43.1 million in Q1 2026 from $5.7 million in Q3 2025.
  • Net cash from operating activities was strong at $75.6 million in Q1 2026.
  • Liquidity improved as cash and equivalents plus interest-bearing deposits at other banks remained substantial.
  • Common equity rose modestly to $361.0 million from $352.2 million in Q3 2025.
  • The bank still depends heavily on interest-bearing deposits for funding, which can pressure margins when deposit costs rise.
  • Non-interest income is volatile because investment gains/losses swing significantly from quarter to quarter.
  • Loan balances remain high relative to equity, which is normal for a bank but keeps credit quality important.
  • Provision for credit losses stayed elevated at $16.6 million in Q1 2026, up from $13.6 million in Q2 2025.
  • Profitability has been inconsistent, with a $41.6 million loss in Q3 2025 following weaker results earlier in 2025.

Looking at the broader trend, INBK’s earnings profile has been volatile. In 2024, the bank was generally profitable, with quarterly net income ranging from about $5.2 million to $7.3 million. That changed in 2025, when profitability weakened sharply in Q2 and turned into a large loss in Q3. Q1 2026 suggests management has started to repair the earnings picture, but investors should be careful about calling it a full turnaround yet.

The balance sheet shows some strengths, but also some pressure points. Total assets were $5.71 billion in Q1 2026 versus $5.82 billion in Q3 2025 and $5.85 billion in Q1 2025, so the company has not been growing its asset base aggressively. Long-term debt also remained meaningful at $345.0 million, though it was lower than the $500.2 million reported in Q1 2025. Overall, the company looks financially stable, but not especially clean or high-growth.

Bottom line: First Internet Bancorp has moved back into profit after a very weak stretch, and Q1 2026 was a clear improvement. Still, the combination of credit provisions, volatile non-interest income, and prior-quarter losses means the stock likely remains a higher-risk banking name rather than a steady compounder.

07/17/26 04:51 AM ETAI Generated. May Contain Errors.

First Internet Bancorp - Fixed- Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Internet Bancorp - Fixed-'s fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

First Internet Bancorp - Fixed-'s net income appears to be on an upward trend, with a most recent value of $25.28 million in 2024, rising from $4.32 million in 2014. The previous period was $8.42 million in 2023.

Over the last 10 years, First Internet Bancorp - Fixed-'s total revenue changed from $29.46 million in 2014 to $134.72 million in 2024, a change of 357.3%.

First Internet Bancorp - Fixed-'s total liabilities were at $5.21 billion at the end of 2025, a 2.7% decrease from 2024, and a 347.2% increase since 2015.

In the past 10 years, First Internet Bancorp - Fixed-'s cash and equivalents has ranged from $1.06 million in 2015 to $17.43 million in 2022, and is currently $6.15 million as of their latest financial filing in 2025.

Over the last 10 years, First Internet Bancorp - Fixed-'s book value per share changed from 21.80 in 2014 to 44.31 in 2024, a change of 103.2%.


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Financial statements for NASDAQ:INBKZ last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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