First Financial Statements From 2010 to 2026

INBK Stock  USD 22.21  0.79  3.43%   
Analyzing historical trends in various income statement and balance sheet accounts from First Internet's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Internet's valuation are summarized below:
Gross Profit
44.2 M
Profit Margin
(0.80)
Market Capitalization
193.4 M
Enterprise Value Revenue
4.9911
Revenue
44.2 M
There are currently one hundred twenty fundamental signals for First Internet Bancorp that can be evaluated and compared over time across rivals. We recommend to verify First Internet's prevailing fundamental drivers against the all of the trends between 2010 and 2026. Market Cap is expected to rise to about 172.2 M this year. Enterprise Value is expected to rise to about 501.8 M this year

First Internet Total Revenue

339.01 Million

Check First Internet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Internet's main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.2 M, Interest Expense of 216.7 M or Selling General Administrative of 67.9 M, as well as many indicators such as Price To Sales Ratio of 1.13, Dividend Yield of 0.0101 or PTB Ratio of 0.58. First financial statements analysis is a perfect complement when working with First Internet Valuation or Volatility modules.
  
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Check out the analysis of First Internet Correlation against competitors.

First Internet Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets5.9 B5.6 B3.1 B
Slightly volatile
Short and Long Term Debt Total318.2 M355 M355.8 M
Slightly volatile
Total Current Liabilities1.8 B2.5 B2.1 B
Slightly volatile
Total Stockholder Equity200.9 M359.8 M224 M
Slightly volatile
Retained Earnings203 M193.3 M101.7 M
Slightly volatile
Accounts PayableM2.9 M1.5 M
Slightly volatile
Cash5.8 M6.1 M164.3 M
Slightly volatile
Non Current Assets Total69 M72.6 M1.4 B
Slightly volatile
Cash And Short Term Investments465.8 M784.8 M541.3 M
Slightly volatile
Net Receivables26.5 M27.9 M514.9 M
Slightly volatile
Common Stock Total Equity134.6 M221.9 M142 M
Slightly volatile
Common Stock Shares Outstanding6.4 M8.7 M6.8 M
Slightly volatile
Liabilities And Stockholders Equity5.9 B5.6 B3.1 B
Slightly volatile
Non Current Liabilities Total309.8 M480.8 M363.7 M
Slightly volatile
Total Liabilities5.5 B5.2 B2.8 B
Slightly volatile
Total Current Assets972 M812.7 M1.1 B
Slightly volatile
Short Term Debt54.6 M57.5 M104.7 M
Very volatile
Common Stock136.2 M186.6 M139.2 M
Slightly volatile
Good Will3.7 M4.2 M4.6 M
Slightly volatile
Other Liabilities27.3 M26 M15.1 M
Slightly volatile
Long Term Debt245 M460.2 M238 M
Slightly volatile
Short Term Investments411 M778.7 M375.9 M
Slightly volatile
Intangible Assets12.8 M12.2 M6.2 M
Slightly volatile
Property Plant Equipment87.8 M83.6 M32.8 M
Slightly volatile
Property Plant And Equipment Net35.5 M67.9 M28.8 M
Slightly volatile
Net Tangible Assets252.2 M414.3 M231.7 M
Slightly volatile
Retained Earnings Total Equity248.4 M236.5 M107.4 M
Slightly volatile
Long Term Debt Total126.2 M120.2 M55.7 M
Slightly volatile
Long Term Investments1.3 B962.7 MB
Slightly volatile
Property Plant And Equipment Gross109.8 M104.6 M39.5 M
Slightly volatile
Non Current Liabilities Other397.6 M707.2 M355.6 M
Slightly volatile
Short and Long Term Debt117.7 M126 M132.9 M
Pretty Stable
Earning Assets697.9 M1.2 B675.4 M
Slightly volatile
Net Invested CapitalB901.8 M816.8 M
Slightly volatile
Capital Stock165.8 M167.5 M212.1 M
Slightly volatile

First Internet Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization10.2 M9.7 M5.3 M
Slightly volatile
Interest Expense216.7 M206.4 M71.6 M
Slightly volatile
Selling General Administrative67.9 M64.7 M27.3 M
Slightly volatile
Selling And Marketing Expenses1.7 M2.5 MM
Slightly volatile
Total Revenue339 M322.9 M142.5 M
Slightly volatile
Gross Profit51.7 M44.2 M58 M
Slightly volatile
Other Operating Expenses392.4 M373.7 M131.2 M
Slightly volatile
EBIT16.9 M31.7 M20.3 M
Slightly volatile
Cost Of Revenue292.6 M278.7 M84.9 M
Slightly volatile
Total Operating Expenses99.8 M95 M46.3 M
Slightly volatile
Net Income Applicable To Common Shares42.9 M40.9 M22 M
Slightly volatile
Net Income From Continuing Ops22.1 M29.1 M18 M
Slightly volatile
Net Interest Income72.8 M100.5 M58.2 M
Slightly volatile
Interest Income352.5 M335.7 M134.2 M
Slightly volatile
Reconciled Depreciation7.9 M9.7 M6.6 M
Slightly volatile

First Internet Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow490.1 M466.8 M196.9 M
Slightly volatile
Depreciation10.2 M9.7 M5.4 M
Slightly volatile
Capital Expenditures5.8 MM6.6 M
Slightly volatile
Net Income30.5 M29.1 M18.2 M
Slightly volatile
End Period Cash Flow563.2 M536.4 M228.9 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.130.56911.5953
Pretty Stable
Dividend Yield0.01010.01150.0095
Pretty Stable
PTB Ratio0.580.50640.7849
Very volatile
Days Sales Outstanding30.2331.81811.4 K
Very volatile
Book Value Per Share21.6641.210629.9858
Slightly volatile
Average Payables149.8 K141.4 K127.1 K
Pretty Stable
Stock Based Compensation To Revenue0.01210.00630.0102
Very volatile
Capex To Depreciation0.330.351.1393
Very volatile
PB Ratio0.580.50640.7849
Very volatile
EV To Sales2.351.65863.2003
Pretty Stable
ROIC0.02210.02120.0291
Slightly volatile
Payables Turnover98.8410279.9186
Pretty Stable
Sales General And Administrative To Revenue0.01280.01350.2059
Slightly volatile
Capex To Revenue0.00660.0070.0525
Very volatile
Cash Per Share47.2189.900972.4127
Slightly volatile
Days Payables Outstanding5.053.76.7565
Pretty Stable
Intangibles To Total Assets8.0E-48.0E-40.003
Slightly volatile
Current Ratio0.30.31970.4662
Pretty Stable
Tangible Book Value Per Share20.9340.673729.2101
Slightly volatile
Receivables Turnover6.7711.47154.2599
Slightly volatile
Shareholders Equity Per Share21.6641.210629.9858
Slightly volatile
Debt To Equity1.170.98671.4195
Slightly volatile
Capex Per Share0.260.270.8093
Pretty Stable
Revenue Per Share38.5136.673318.3201
Slightly volatile
Interest Debt Per Share37.7964.302951.7558
Slightly volatile
Debt To Assets0.06050.06370.1148
Very volatile
Graham Number26.9648.437.6747
Slightly volatile
Short Term Coverage Ratios1.451.631.7793
Slightly volatile
Price Book Value Ratio0.580.50640.7849
Very volatile
Days Of Payables Outstanding5.053.76.7565
Pretty Stable
Company Equity Multiplier9.5215.486811.9139
Slightly volatile
Long Term Debt To Capitalization0.440.49660.5568
Slightly volatile
Total Debt To Capitalization0.460.49660.559
Slightly volatile
Debt Equity Ratio1.170.98671.4195
Slightly volatile
Quick Ratio0.320.31970.4822
Very volatile
Net Income Per E B T0.660.69130.8265
Slightly volatile
Cash Ratio0.00230.00240.0624
Pretty Stable
Days Of Sales Outstanding30.2331.81811.4 K
Very volatile
Price To Book Ratio0.580.50640.7849
Very volatile
Fixed Asset Turnover4.484.712812.5911
Slightly volatile
Debt Ratio0.06050.06370.1148
Very volatile
Price Sales Ratio1.130.56911.5953
Pretty Stable
Asset Turnover0.05260.05750.0446
Pretty Stable
Gross Profit Margin0.420.30.5517
Slightly volatile
Price Fair Value0.580.50640.7849
Very volatile

First Internet Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap172.2 M164 M154.7 M
Slightly volatile
Enterprise Value501.8 M477.9 M388.7 M
Slightly volatile

First Fundamental Market Drivers

Forward Price Earnings8.4459
Cash And Short Term Investments784.8 M

First Upcoming Events

24th of April 2024
Upcoming Quarterly Report
View
24th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
22nd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About First Internet Financial Statements

First Internet investors utilize fundamental indicators, such as revenue or net income, to predict how First Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-3.5 M-3.6 M
Total Revenue322.9 M339 M
Cost Of Revenue278.7 M292.6 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.01  0.01 
Capex To Revenue 0.01  0.01 
Revenue Per Share 36.67  38.51 
Ebit Per Revenue(0.16)(0.15)

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When determining whether First Internet Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Internet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Internet Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Internet Bancorp Stock:
Check out the analysis of First Internet Correlation against competitors.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Internet. Market participants price First higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive First Internet assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth
(0.28)
Dividend Share
0.24
Earnings Share
(4.03)
Revenue Per Share
5.058
Quarterly Revenue Growth
(0.08)
First Internet Bancorp's market price often diverges from its book value, the accounting figure shown on First's balance sheet. Smart investors calculate First Internet's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Since First Internet's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between First Internet's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Internet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Internet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.