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First Internet Bancorp logo

First Internet Bancorp

INBK

NASDAQFinancial ServicesBanks - Regional

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Previous close

$29.20

+$0.61 · +2.13%

Aug 21, 4:00 PM ET

INBK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

47

Fair Value

Momentum

53

Neutral

Sentiment

65

Bullish

Risk resilience

66

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

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, single tenant lease, public, specialty, healthcare and finance, small business lending, commercial deposits and treasury management, franchise finance, residential mortgage, home equity, and other consumer loans. In addition, the company is involved in the provision of municipal finance lending and leasing products to government entities, as well as treasury management services; purchase, manage, service, and safekeeping of municipal securities; and offers corporate credit cards. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
David Becker
Listed since
Apr 5, 2006
Employees
354

Market position

Day range

Current $29.20

52-week range

Current $29.20

Open
$28.78
Previous close
$28.59
Volume
30.76K
0.65× average
Average volume
47.55K
Average daily volume
Market cap
254.53M USD
Beta
0.85
Market reference 1
50-day average
$27.4548
+6.36% above average
200-day average
$22.9938
+26.99% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
80.38M USD
P/E (TTM)
-8.13×
P/B (TTM)
0.7×
P/S (TTM)
0.8×
EV / EBITDA
-1.8×
Earnings yield
-19.30%
Free cash flow yield
1.22%
Dividend yield
0.82%

Profitability & efficiency

Gross margin
16.66%
Operating margin
-14.27%
Net margin
-9.82%
Return on equity
-9.78%
Return on assets
-0.63%
Return on invested capital
-0.63%

Financial health

Debt / equity
0.95×
Current ratio
110.02×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends79%44%10%-24%Gross margin, FY2021: 70.17%Gross margin, FY2022: 62.71%Gross margin, FY2023: 30.26%Gross margin, FY2024: 33.50%Gross margin, FY2025: 13.68%Operating margin, FY2021: 34.90%Operating margin, FY2022: 23.08%Operating margin, FY2023: 1.90%Operating margin, FY2024: 8.26%Operating margin, FY2025: -15.76%Net margin, FY2021: 29.68%Net margin, FY2022: 20.46%Net margin, FY2023: 3.24%Net margin, FY2024: 7.58%Net margin, FY2025: -10.89%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 70.17%. Gross margin FY2022 62.71%. Gross margin FY2023 30.26%. Gross margin FY2024 33.50%. Gross margin FY2025 13.68%. Operating margin FY2021 34.90%. Operating margin FY2022 23.08%. Operating margin FY2023 1.90%. Operating margin FY2024 8.26%. Operating margin FY2025 -15.76%. Net margin FY2021 29.68%. Net margin FY2022 20.46%. Net margin FY2023 3.24%. Net margin FY2024 7.58%. Net margin FY2025 -10.89%.

Income trends

Revenue

322.87M USD-3.17%

Operating income

−50.87M USD−78.41M USD

Net income

−35.17M USD−60.44M USD
Income trends across reported periods371.85M USD218.14M USD64.42M USD−89.3M USDRevenue, FY2021: 162.09M USDRevenue, FY2022: 173.73M USDRevenue, FY2023: 259.85M USDRevenue, FY2024: 333.42M USDRevenue, FY2025: 322.87M USDOperating income, FY2021: 56.57M USDOperating income, FY2022: 40.1M USDOperating income, FY2023: 4.94M USDOperating income, FY2024: 27.54M USDOperating income, FY2025: −50.87M USDNet income, FY2021: 48.11M USDNet income, FY2022: 35.54M USDNet income, FY2023: 8.42M USDNet income, FY2024: 25.28M USDNet income, FY2025: −35.17M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 162.09M USD. Revenue FY2022 173.73M USD. Revenue FY2023 259.85M USD. Revenue FY2024 333.42M USD. Revenue FY2025 322.87M USD. Operating income FY2021 56.57M USD. Operating income FY2022 40.1M USD. Operating income FY2023 4.94M USD. Operating income FY2024 27.54M USD. Operating income FY2025 −50.87M USD. Net income FY2021 48.11M USD. Net income FY2022 35.54M USD. Net income FY2023 8.42M USD. Net income FY2024 25.28M USD. Net income FY2025 −35.17M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue322.87M USD333.42M USD259.85M USD173.73M USD162.09M USD
Cost of goods sold278.71M USD221.72M USD181.23M USD64.79M USD48.36M USD
Gross profit44.16M USD111.71M USD78.62M USD108.94M USD113.74M USD
Selling, general, and administrative64.7M USD6.33M USD51.77M USD46.26M USD42.7M USD
Operating expenses95.03M USD84.16M USD73.68M USD68.84M USD57.16M USD
Interest income320.16M USD291.89M USD239.44M USD156.91M USD133.88M USD
Interest expense206.4M USD204.51M USD164.54M USD59.82M USD47.33M USD
Depreciation and amortization6.19M USD8.46M USD5.75M USD8.73M USD8.78M USD
Operating income−50.87M USD27.54M USD4.94M USD40.1M USD56.57M USD
Net income−35.17M USD25.28M USD8.42M USD35.54M USD48.11M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-13.34%
11 comparable reports
Latest EPS result
0.27
Estimate 0.15 · Beat by 80.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.110.2-0.71-1.62Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 0.41, estimate 0.92, surprise -55.43%, Miss. Q2 2025, reported Apr 23, 2025: actual 0.11, estimate 0.75, surprise -85.33%, Miss. Q3 2025, reported Jul 23, 2025: actual 0.02, estimate 0.33, surprise -93.94%, Miss. Q4 2025, reported Oct 22, 2025: actual -1.43, estimate 0.66, surprise -316.67%, Miss. Q1 2026, reported Jan 29, 2026: actual 0.64, estimate 0.59, surprise +8.47%, Beat. Q2 2026, reported Apr 30, 2026: actual 0.29, estimate 0.08, surprise +262.50%, Beat. Q3 2026, reported Jul 30, 2026: actual 0.27, estimate 0.15, surprise +80.00%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.8, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates60.38M48.34M36.29M24.24MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 34.75M USD, estimate 36.53M USD, surprise -4.85%, Miss. Q2 2025, reported Apr 23, 2025: actual 34.01M USD, estimate 26.73M USD, surprise +27.23%, Beat. Q3 2025, reported Jul 23, 2025: actual 32.04M USD, estimate 33.3M USD, surprise -3.79%, Miss. Q4 2025, reported Oct 22, 2025: actual 57.89M USD, estimate 33.03M USD, surprise +75.25%, Beat. Q1 2026, reported Jan 29, 2026: actual 42.11M USD, estimate 43.5M USD, surprise -3.20%, Miss. Q2 2026, reported Apr 30, 2026: actual 43.12M USD, estimate 45.67M USD, surprise -5.60%, Miss. Q3 2026, reported Jul 30, 2026: actual 41.1M USD, estimate 43.83M USD, surprise -6.23%, Miss. Q4 2026, reported Oct 28, 2026: actual —, estimate 45.75M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$29.50

1.03% upside
Past 12 months12-month forecastHigh $33.00Average $29.50Low $26.00

Rating distribution

11 ratings
Strong buy00%
Buy545%
Hold655%
Sell00%
Strong sell00%

INBK news

marketbeat.com

System Upgrade: First Internet Bancorp Options Surge

When institutional capital leaves a giant footprint in a thinly traded regional bank, it's wise to pay attention. On July 31, 2026, the options market for First Internet Bancorp NASDAQ: INBK registered a historic flow…

Read source
seekingalpha.com

First Internet Bancorp (INBK) Q2 2026 Earnings Call Transcript

First Internet Bancorp (INBK) Q2 2026 Earnings Call Transcript

Read source
zacks.com

First Internet Bancorp (INBK) Tops Q2 Earnings Estimates

First Internet Bancorp (INBK) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.02 per share a year ago.

Read source
zacks.com

Here's What Key Metrics Tell Us About First Internet (INBK) Q2 Earnings

Although the revenue and EPS for First Internet (INBK) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and…

Read source
businesswire.com

First Internet Bancorp Reports Second Quarter 2026 Results

FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the second quarter…

Read source
gurufocus.com

First Internet Bank Puts AI-Powered Financial Intelligence Directly in Customers' Hands

First Internet Bank today announced a secure new way for business and personal customers to unlock powerful, personalized financial insights from the accounts t

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.24

2025 complete year0.0% since 2021

2026 partial: $0.12

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 30, 2026

$0.06

Quarterly

Record Jun 30, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.06

Quarterly

Record Mar 31, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.06

Quarterly

Record Dec 31, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 30, 2025

$0.06

Quarterly

Record Sep 30, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.06

Quarterly

Record Jun 30, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Mar 31, 2025

$0.06

Quarterly

Record Mar 31, 2025 · Payment Apr 15, 2025

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ETFs holding INBK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
7.14M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
5.65M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
2.8M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
2.09M
Weight
0.01%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
1.28M
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
1.08M
Weight
—
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
921.97K
Weight
0.01%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.95+0.73%
Dimensional - US Small Cap ETF logoDimensional - US Small Cap ETFDFAS
Market value
812.24K
Weight
0.01%
AUM
15.92B USD
Expense ratio
0.26%
Price / 1D
$83.02+0.73%

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