NASDAQ : INBK
First Internet Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 25.445 USD (Oct 30, 2026, 2:20 PM EDT) · Market cap 222.23M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 245.72M | 259.84M | 233.84M | 192.34M | 140.60M | 123.47M |
| Interest Income on Investments | 64.81M | 60.32M | 58.04M | 47.10M | 16.31M | 10.42M |
| Total Interest Income | 310.53M | 320.16M | 291.89M | 239.44M | 156.91M | 133.88M |
| Interest Paid on Deposits | 165.59M | 188.39M | 183.15M | 143.36M | 41.83M | 29.82M |
| Interest Paid on Borrowings | 15.84M | 18.01M | 21.36M | 21.18M | 17.98M | 17.50M |
| Total Interest Expense | 181.43M | 206.40M | 204.51M | 164.54M | 59.81M | 47.33M |
| Net Interest Income | 129.10M | 113.76M | 87.38M | 74.90M | 97.09M | 86.56M |
| Mortgage Banking Activities | 76.00K | 5.46M | 15.05M | |||
| Gain (Loss) on Sale of Assets | 2.52M | |||||
| Other Non-Interest Income | 15.45M | 11.03M | 14.02M | 5.52M | 4.42M | 3.67M |
| Total Non-Interest Income | 40.78M | 2.71M | 47.34M | 26.12M | 21.26M | 32.84M |
| Revenues Before Loan Losses | 169.88M | 116.47M | 134.72M | 101.03M | 118.35M | 119.40M |
| Provision for Loan Losses | 53.33M | 72.31M | 17.07M | 16.65M | 4.98M | 1.03M |
| Revenue | 116.55M | 44.16M | 117.65M | 84.38M | 113.37M | 118.37M |
| Salaries and Employee Benefits | 53.01M | 49.80M | 49.94M | 44.06M | 39.52M | 35.83M |
| Occupancy Expenses | 14.75M | 13.67M | 11.90M | 10.60M | 10.69M | 7.06M |
| Federal Deposit Insurance | 6.32M | 6.11M | 5.00M | 3.88M | 1.15M | 1.21M |
| Selling, General & Administrative | 11.49M | 10.68M | 10.60M | 9.28M | 12.40M | 11.36M |
| Other Non-Interest Expense | 17.04M | 14.76M | 12.67M | 11.61M | 9.51M | 6.33M |
| Total Non-Interest Expense | 102.62M | 95.03M | 90.11M | 79.44M | 73.27M | 61.80M |
| EBT Excluding Unusual Items | 13.93M | -50.87M | 27.54M | 4.94M | 40.10M | 56.57M |
| Pretax Income | 13.93M | -50.87M | 27.54M | 4.94M | 40.10M | 56.57M |
| Income Tax Expense | -1.06M | -15.70M | 2.27M | -3.48M | 4.56M | 8.46M |
| Net Income | 14.98M | -35.17M | 25.28M | 8.42M | 35.54M | 48.11M |
| Net Income to Common | 14.98M | -35.17M | 25.28M | 8.42M | 35.54M | 48.11M |
| Basic Shares Outstanding | 8.74M | 8.73M | 8.69M | 8.84M | 9.53M | 9.92M |
| Diluted Shares Outstanding | 8.80M | 8.73M | 8.77M | 8.86M | 9.60M | 9.98M |
| EPS (Basic) | 1.71 | -4.03 | 2.91 | 0.95 | 3.73 | 4.85 |
| EPS (Diluted) | 1.70 | -4.03 | 2.88 | 0.95 | 3.70 | 4.82 |
| Dividend Per Share | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| Effective Tax Rate | 8.23% | 11.37% | 14.95% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.98M | 456.78M | 466.41M | 405.90M | 256.55M | 442.96M |
| Investment Securities | 1.49B | 238.52M | 250.81M | 263.18M | 210.49M | 237.03M |
| Trading Asset Securities | 210.00K | 200.00K | 5.82M | 8.88M | 718.00K | |
| Mortgage-Backed Securities | 255.93M | 790.77M | 586.34M | 438.83M | 369.06M | 425.58M |
| Total Investments | 1.75B | 1.03B | 837.35M | 707.82M | 588.43M | 663.33M |
| Gross Loans | 3.86B | 3.75B | 4.17B | 3.84B | 3.50B | 2.89B |
| Allowance for Loan Losses | -57.36M | -55.69M | -44.77M | -38.77M | -31.74M | -27.84M |
| Net Loans | 3.81B | 3.69B | 4.13B | 3.80B | 3.47B | 2.86B |
| Property, Plant & Equipment | 64.54M | 67.93M | 71.45M | 73.46M | 72.71M | 59.84M |
| Goodwill | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M | 4.69M |
| Loans Held for Sale | 34.85M | 108.61M | 54.70M | 22.05M | 21.51M | 47.74M |
| Accrued Interest Receivable | 126.11M | 116.57M | 90.77M | 72.01M | 57.05M | 46.44M |
| Restricted Cash | 15.70M | |||||
| Other Real Estate Owned & Foreclosed | 4.41M | 2.82M | 484.00K | 392.00K | 42.00K | 1.22M |
| Other Long-Term Assets | 67.11M | 65.35M | 57.78M | 51.45M | 46.11M | 43.60M |
| Total Assets | 5.89B | 5.57B | 5.74B | 5.17B | 4.54B | 4.21B |
| Accrued Expenses | 16.52M | 15.15M | 17.75M | 13.51M | 14.51M | 30.53M |
| Interest Bearing Deposits | 4.99B | 4.09B | 4.02B | 3.24B | 2.78B | 2.73B |
| Institutional Deposits | 605.25M | 776.79M | 703.84M | 484.70M | 327.49M | |
| Non-Interest Bearing Deposits | 159.05M | 146.88M | 136.45M | 123.46M | 175.31M | 117.53M |
| Total Deposits | 5.15B | 4.84B | 4.93B | 4.07B | 3.44B | 3.18B |
| Short-Term Borrowings | 210.00K | 200.00K | 677.00K | |||
| Current Portion of Long-Term Debt | 10.00M | |||||
| Accrued Interest Payable | 1.30M | 1.74M | 2.50M | 3.85M | 2.91M | 2.02M |
| Long-Term Debt | 123.51M | 105.47M | 105.15M | 104.84M | 104.53M | 104.23M |
| Federal Home Loan Bank Debt, Long-Term | 239.50M | 239.50M | 295.00M | 614.93M | 614.93M | 514.92M |
| Total Liabilities | 5.53B | 5.21B | 5.35B | 4.80B | 4.18B | 3.83B |
| Common Stock | 188.06M | 186.58M | 186.09M | 184.70M | 192.94M | 218.95M |
| Retained Earnings | 201.40M | 193.32M | 230.62M | 207.47M | 205.68M | 172.43M |
| Comprehensive Income & Other | -35.06M | -20.13M | -32.65M | -29.38M | -33.64M | -11.04M |
| Shareholders' Equity | 354.41M | 359.77M | 384.06M | 362.80M | 364.97M | 380.34M |
| Total Liabilities & Equity | 5.89B | 5.57B | 5.74B | 5.17B | 4.54B | 4.21B |
| Total Debt | 363.01M | 355.18M | 400.35M | 720.45M | 719.46M | 619.15M |
| Net Cash (Debt) | 289.27M | 101.81M | 66.26M | -308.74M | -454.03M | -175.47M |
| Net Cash Per Share | 32.88 | 11.66 | 7.56 | -34.85 | -47.32 | -17.59 |
| Filing Date Shares Outstanding | 8.73M | 8.72M | 8.70M | 8.66M | 8.95M | 9.68M |
| Total Common Shares Outstanding | 8.73M | 8.69M | 8.67M | 8.64M | 9.07M | 9.75M |
| Book Value Per Share | 40.58 | 41.41 | 44.31 | 41.97 | 40.26 | 38.99 |
| Tangible Book Value | 349.72M | 355.08M | 379.38M | 358.11M | 360.29M | 375.65M |
| Tangible Book Value Per Share | 40.04 | 40.87 | 43.77 | 41.43 | 39.74 | 38.51 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -35.17M | 25.28M | 8.42M | 35.54M | 48.11M | |
| Depreciation & Amortization | 6.19M | 8.46M | 5.75M | 8.73M | 8.78M | |
| Gain (Loss) on Sale of Assets | 260.00K | -27.00K | -2.52M | |||
| Gain (Loss) on Sale of Investments | 4.77M | -384.00K | -2.57M | 1.51M | ||
| Provision for Credit Losses | 72.31M | 17.07M | 16.80M | 5.16M | 1.75M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -36.08M | -7.67M | 14.54M | 39.95M | 17.42M | |
| Change in Other Net Operating Assets | 5.66M | 3.97M | -8.32M | 7.68M | 7.18M | |
| Other Operating Activities | -19.26M | -7.34M | -5.38M | 3.67M | -373.00K | |
| Operating Cash Flow | 3.45M | 12.99M | 11.68M | 82.72M | 54.84M | |
| Capital Expenditures | -1.23M | -2.59M | -5.37M | -17.52M | -29.89M | |
| Sale of Property, Plant and Equipment | 8.12M | |||||
| Investment in Securities | -177.06M | -137.59M | -112.10M | 33.91M | -107.44M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 316.73M | -343.77M | -352.57M | -612.40M | 168.66M | |
| Other Investing Activities | -10.31M | -12.85M | -4.46M | -6.21M | 4.43M | |
| Investing Cash Flow | 128.68M | -496.17M | -474.50M | -601.03M | 43.87M | |
| Long-Term Debt Issued | 104.50M | 430.00M | 475.00M | 615.00M | 498.66M | |
| Long-Term Debt Repaid | -150.00M | -750.00M | -475.00M | -515.00M | -475.00M | |
| Net Debt Issued (Repaid) | -45.50M | -320.00M | 100.00M | 23.66M | ||
| Repurchase of Common Stock | -521.00K | -283.00K | -9.34M | -27.78M | -4.44M | |
| Common Dividends Paid | -2.09M | -2.08M | -2.16M | -2.32M | -2.42M | |
| Net Increase (Decrease) in Deposit Accounts | -93.39M | 866.23M | 623.82M | 262.29M | -91.93M | |
| Other Financing Activities | -262.00K | -182.00K | -153.00K | -287.00K | -441.00K | |
| Financing Cash Flow | -141.76M | 543.69M | 612.17M | 331.90M | -75.56M | |
| Net Cash Flow | -9.63M | 60.51M | 149.35M | -186.41M | 23.15M | |
| Free Cash Flow | 2.22M | 10.40M | 6.31M | 65.21M | 24.95M | |
| Free Cash Flow Margin | 5.03% | 8.84% | 7.48% | 57.52% | 21.08% | |
| Free Cash Flow Per Share | 0.25 | 1.19 | 0.71 | 6.80 | 2.50 | |
| Cash Interest Paid | 207.15M | 205.86M | 163.60M | 58.92M | 46.75M | |
| Cash Income Tax Paid | 99.00K | 684.00K | 939.00K | 2.00M | 7.04M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 225.41M | 181.70M | 311.96M | 209.09M | 224.35M | 463.54M |
| Last Close Price | 25.81 | 20.72 | 35.37 | 23.59 | 23.36 | 44.93 |
| PE Ratio | 15.20 | 12.34 | 24.84 | 6.31 | 9.63 | |
| PS Ratio | 1.93 | 4.12 | 2.65 | 2.48 | 1.98 | 3.92 |
| PB Ratio | 0.64 | 0.51 | 0.81 | 0.58 | 0.61 | 1.22 |
| P/FCF Ratio | 1.41 | 81.81 | 30.00 | 33.12 | 3.44 | 18.58 |
| P/OCF Ratio | 1.40 | 52.68 | 24.01 | 17.90 | 2.71 | 8.45 |
| Debt / Equity Ratio | 1.02 | 0.99 | 1.04 | 1.99 | 1.97 | 1.63 |
| Debt / FCF Ratio | 159.92 | 38.49 | 114.12 | 11.03 | 24.82 | |
| Net Debt / Equity Ratio | -0.82 | -0.28 | -0.17 | 0.85 | 1.24 | 0.46 |
| Net Debt / FCF Ratio | -45.84 | -6.37 | 48.91 | 6.96 | 7.03 | |
| Return on Equity (ROE) | 4.24% | -9.46% | 6.77% | 2.31% | 9.54% | 13.53% |
| Return on Assets (ROA) | 0.26% | -0.62% | 0.46% | 0.17% | 0.81% | 1.14% |
| Earnings Yield | 6.58% | -19.36% | 8.10% | 4.03% | 15.84% | 10.38% |
| FCF Yield | 70.94% | 1.22% | 3.33% | 3.02% | 29.06% | 5.38% |
| Dividend Yield | 0.93% | 1.15% | 0.67% | 0.99% | 0.97% | 0.51% |
| Payout Ratio | 14.13% | 8.22% | 25.61% | 6.52% | 5.02% | |
| Buyback Yield / Dilution | -0.88% | 0.41% | 1.05% | 7.67% | 3.82% | -1.36% |
| Total Shareholder Return | 0.05% | 1.55% | 1.72% | 8.67% | 4.79% | -0.85% |