First Internet Bancorp Logo

First Internet Bancorp

INBK

(2.2)
Stock Price

37,58 USD

0.35% ROA

5.94% ROE

15.3x PER

Market Cap.

285.606.976,00 USD

182.82% DER

0.73% Yield

13.42% NPM

First Internet Bancorp Stock Analysis

First Internet Bancorp Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

First Internet Bancorp Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (0.46x), the stock offers substantial upside potential at a bargain price.

2 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

3 ROE

The stock's ROE falls within an average range (3.46%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 ROA

The stock's ROA (0.24%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

5 Assets Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

6 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

7 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (142), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

8 DER

The company has a high debt to equity ratio (207%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

9 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

10 Net Profit Growth

Despite the passage of five years, this company's net profit has not shown any improvement, highlighting a lack of growth and making it a less appealing investment prospect.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

First Internet Bancorp Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

First Internet Bancorp Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

First Internet Bancorp Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

First Internet Bancorp Revenue
Year Revenue Growth
2005 10.525.273
2006 11.206.944 6.08%
2007 13.937.049 19.59%
2008 14.867.295 6.26%
2009 16.951.390 12.29%
2010 17.947.829 5.55%
2011 18.408.000 2.5%
2012 24.413.000 24.6%
2013 26.641.000 8.36%
2014 29.112.000 8.49%
2015 38.948.000 25.25%
2016 49.436.000 21.22%
2017 59.651.000 17.12%
2018 67.135.000 11.15%
2019 73.790.000 9.02%
2020 91.552.000 19.4%
2021 118.370.000 22.66%
2022 93.796.000 -26.2%
2022 113.373.000 17.27%
2023 84.376.000 -34.37%
2024 327.976.000 74.27%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

First Internet Bancorp Research and Development Expenses
Year Research and Development Expenses Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

First Internet Bancorp General and Administrative Expenses
Year General and Administrative Expenses Growth
2005 2.247.176
2006 2.458.109 8.58%
2007 0 0%
2008 4.575.437 100%
2009 6.469.693 29.28%
2010 7.433.155 12.96%
2011 6.953.000 -6.91%
2012 2.319.000 -199.83%
2013 3.063.000 24.29%
2014 2.897.000 -5.73%
2015 3.390.000 14.54%
2016 4.270.000 20.61%
2017 4.062.000 -5.12%
2018 4.288.000 5.27%
2019 5.007.000 14.36%
2020 5.039.000 0.64%
2021 5.703.000 11.64%
2022 51.336.000 88.89%
2022 6.815.000 -653.28%
2023 5.455.000 -24.93%
2024 54.536.000 90%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

First Internet Bancorp EBITDA
Year EBITDA Growth
2005 6.691.296
2006 4.848.500 -38.01%
2007 4.133.352 -17.3%
2008 10.006.643 58.69%
2009 10.739.381 6.82%
2010 18.820.976 42.94%
2011 23.487.000 19.87%
2012 8.108.000 -189.68%
2013 8.416.000 3.66%
2014 8.354.000 -0.74%
2015 15.607.000 46.47%
2016 21.784.000 28.36%
2017 28.227.000 22.83%
2018 29.619.000 4.7%
2019 34.811.000 14.91%
2020 41.729.000 16.58%
2021 65.347.000 36.14%
2022 12.332.000 -429.9%
2022 48.829.000 74.74%
2023 10.688.000 -356.86%
2024 -4.688.000 327.99%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

First Internet Bancorp Gross Profit
Year Gross Profit Growth
2005 10.525.273
2006 11.206.944 6.08%
2007 13.937.049 19.59%
2008 14.867.295 6.26%
2009 16.951.390 12.29%
2010 17.947.829 5.55%
2011 18.408.000 2.5%
2012 24.413.000 24.6%
2013 26.641.000 8.36%
2014 29.112.000 8.49%
2015 38.948.000 25.25%
2016 49.436.000 21.22%
2017 59.651.000 17.12%
2018 67.135.000 11.15%
2019 73.790.000 9.02%
2020 91.552.000 19.4%
2021 118.370.000 22.66%
2022 93.796.000 -26.2%
2022 113.373.000 17.27%
2023 84.376.000 -34.37%
2024 327.976.000 74.27%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

First Internet Bancorp Net Profit
Year Net Profit Growth
2005 2.179.089
2006 2.129.878 -2.31%
2007 2.827.842 24.68%
2008 1.576.045 -79.43%
2009 -2.118.028 174.41%
2010 4.954.660 142.75%
2011 3.186.000 -55.51%
2012 5.606.000 43.17%
2013 4.593.000 -22.06%
2014 4.324.000 -6.22%
2015 8.929.000 51.57%
2016 12.074.000 26.05%
2017 15.226.000 20.7%
2018 21.900.000 30.47%
2019 25.239.000 13.23%
2020 29.453.000 14.31%
2021 48.114.000 38.78%
2022 13.636.000 -252.85%
2022 35.541.000 61.63%
2023 8.417.000 -322.25%
2024 23.100.000 63.56%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

First Internet Bancorp Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2005 1
2006 1 0%
2007 1 100%
2008 1 0%
2009 -1 0%
2010 2 100%
2011 1 0%
2012 2 0%
2013 2 0%
2014 1 0%
2015 2 100%
2016 2 50%
2017 2 0%
2018 2 0%
2019 3 0%
2020 3 0%
2021 5 50%
2022 2 -300%
2022 4 66.67%
2023 1 0%
2024 3 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

First Internet Bancorp Free Cashflow
Year Free Cashflow Growth
2005 6.968.808
2006 -2.487.106 380.2%
2007 4.595.584 154.12%
2008 4.141.530 -10.96%
2009 1.814.236 -128.28%
2010 10.560.943 82.82%
2011 -31.658.000 133.36%
2012 -5.992.000 -428.34%
2013 34.353.000 117.44%
2014 1.065.000 -3125.63%
2015 8.365.000 87.27%
2016 23.297.000 64.09%
2017 23.107.000 -0.82%
2018 27.137.000 14.85%
2019 -47.682.000 156.91%
2020 -12.491.000 -281.73%
2021 24.948.000 150.07%
2022 0 0%
2022 65.206.000 100%
2023 -8.225.000 892.78%
2024 6.050.000 235.95%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

First Internet Bancorp Operating Cashflow
Year Operating Cashflow Growth
2005 7.244.678
2006 -2.240.604 423.34%
2007 4.595.584 148.76%
2008 4.622.261 0.58%
2009 1.886.409 -145.03%
2010 11.341.288 83.37%
2011 -31.425.000 136.09%
2012 -5.683.000 -452.96%
2013 41.540.000 113.68%
2014 1.980.000 -1997.98%
2015 10.908.000 81.85%
2016 26.470.000 58.79%
2017 24.624.000 -7.5%
2018 29.356.000 16.12%
2019 -43.577.000 167.37%
2020 13.068.000 433.46%
2021 54.840.000 76.17%
2022 0 0%
2022 82.723.000 100%
2023 -2.858.000 2994.44%
2024 6.606.000 143.26%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

First Internet Bancorp Capital Expenditure
Year Capital Expenditure Growth
2005 275.870
2006 246.502 -11.91%
2007 0 0%
2008 480.731 100%
2009 72.173 -566.08%
2010 780.345 90.75%
2011 233.000 -234.91%
2012 309.000 24.6%
2013 7.187.000 95.7%
2014 915.000 -685.46%
2015 2.543.000 64.02%
2016 3.173.000 19.86%
2017 1.517.000 -109.16%
2018 2.219.000 31.64%
2019 4.105.000 45.94%
2020 25.559.000 83.94%
2021 29.892.000 14.5%
2022 0 0%
2022 17.517.000 100%
2023 5.367.000 -226.38%
2024 556.000 -865.29%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

First Internet Bancorp Equity
Year Equity Growth
2005 43.480.452
2006 42.668.017 -1.9%
2007 46.087.154 7.42%
2008 45.411.327 -1.49%
2009 44.763.848 -1.45%
2010 48.897.645 8.45%
2011 55.423.000 11.77%
2012 61.350.000 9.66%
2013 90.908.000 32.51%
2014 96.785.000 6.07%
2015 104.330.000 7.23%
2016 153.942.000 32.23%
2017 224.127.000 31.31%
2018 288.735.000 22.38%
2019 304.913.000 5.31%
2020 330.944.000 7.87%
2021 380.338.000 12.99%
2022 347.744.000 -9.37%
2022 364.974.000 4.72%
2023 362.795.000 -0.6%
2024 371.953.000 2.46%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

First Internet Bancorp Assets
Year Assets Growth
2005 431.646.679
2006 483.534.418 10.73%
2007 557.901.074 13.33%
2008 543.043.727 -2.74%
2009 504.615.322 -7.62%
2010 503.915.288 -0.14%
2011 585.440.000 13.93%
2012 636.367.000 8%
2013 802.342.000 20.69%
2014 970.503.000 17.33%
2015 1.269.870.000 23.57%
2016 1.854.335.000 31.52%
2017 2.767.687.000 33%
2018 3.541.692.000 21.85%
2019 4.100.083.000 13.62%
2020 4.246.156.000 3.44%
2021 4.210.994.000 -0.84%
2022 5.169.023.000 18.53%
2022 4.543.104.000 -13.78%
2023 5.167.572.000 12.08%
2024 5.343.302.000 3.29%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

First Internet Bancorp Liabilities
Year Liabilities Growth
2005 388.166.227
2006 440.866.401 11.95%
2007 511.813.920 13.86%
2008 497.632.400 -2.85%
2009 459.851.474 -8.22%
2010 455.017.643 -1.06%
2011 530.017.000 14.15%
2012 575.017.000 7.83%
2013 711.434.000 19.17%
2014 873.718.000 18.57%
2015 1.165.540.000 25.04%
2016 1.700.393.000 31.45%
2017 2.543.560.000 33.15%
2018 3.252.957.000 21.81%
2019 3.795.170.000 14.29%
2020 3.915.212.000 3.07%
2021 3.830.656.000 -2.21%
2022 4.821.279.000 20.55%
2022 4.178.130.000 -15.39%
2023 4.804.777.000 13.04%
2024 4.971.349.000 3.35%

First Internet Bancorp Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
18.04
Net Income per Share
2.15
Price to Earning Ratio
15.3x
Price To Sales Ratio
1.84x
POCF Ratio
36.85
PFCF Ratio
72.23
Price to Book Ratio
0.76
EV to Sales
3.67
EV Over EBITDA
36.06
EV to Operating CashFlow
74.02
EV to FreeCashFlow
143.86
Earnings Yield
0.07
FreeCashFlow Yield
0.01
Market Cap
0,29 Bil.
Enterprise Value
0,57 Bil.
Graham Number
45.79
Graham NetNet
-470.96

Income Statement Metrics

Net Income per Share
2.15
Income Quality
0.42
ROE
0.05
Return On Assets
0
Return On Capital Employed
0.01
Net Income per EBT
0.97
EBT Per Ebit
0.95
Ebit per Revenue
0.15
Effective Tax Rate
0.08

Margins

Sales, General, & Administrative to Revenue
0.11
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.01
Gross Profit Margin
0.99
Operating Profit Margin
0.15
Pretax Profit Margin
0.14
Net Profit Margin
0.13

Dividends

Dividend Yield
0.01
Dividend Yield %
0.73
Payout Ratio
0.11
Dividend Per Share
0.24

Operating Metrics

Operating Cashflow per Share
0.89
Free CashFlow per Share
0.46
Capex to Operating CashFlow
0.49
Capex to Revenue
0.02
Capex to Depreciation
0.56
Return on Invested Capital
0.02
Return on Tangible Assets
0
Days Sales Outstanding
2229.14
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
0.16
Payables Turnover
0
Inventory Turnover
0
Capex per Share
0.43

Balance Sheet

Cash per Share
103,02
Book Value per Share
43,28
Tangible Book Value per Share
42.73
Shareholders Equity per Share
43.28
Interest Debt per Share
91.45
Debt to Equity
1.83
Debt to Assets
0.13
Net Debt to EBITDA
17.95
Current Ratio
3.27
Tangible Asset Value
0,37 Bil.
Net Current Asset Value
-4,55 Bil.
Invested Capital
372250000
Working Capital
0,30 Bil.
Intangibles to Total Assets
0
Average Receivables
0,95 Bil.
Average Payables
0,00 Bil.
Average Inventory
-688671000
Debt to Market Cap
2.38

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

First Internet Bancorp Dividends
Year Dividends Growth
2012 0
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

First Internet Bancorp Profile

About First Internet Bancorp

First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, savings, money market, and 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 and 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. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of municipal finance lending and leasing products to government entities. In addition, it offers corporate credit card and treasury management services. The company provides its services through its firstib.com Website. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.

CEO
Mr. David B. Becker
Employee
287
Address
8701 East 116th Street
Fishers, 46038

First Internet Bancorp Executives & BODs

First Internet Bancorp Executives & BODs
# Name Age
1 Ms. Nicole S. Lorch
President, Chief Operating Officer & Corporate Secretary
70
2 Ms. Paula Deemer
Executive Assistant & Director of Corporate Administration
70
3 Mr. David B. Becker
Chairman & Chief Executive Officer
70
4 Mr. Kenneth J. Lovik
Executive Vice President & Chief Financial Officer
70
5 Mr. David Bybee
Vice President & Senior Credit Officer
70

First Internet Bancorp Competitors