First Internet Financials

INBK Stock  USD 32.85  0.37  1.11%   
Based on the key indicators related to First Internet's liquidity, profitability, solvency, and operating efficiency, First Internet Bancorp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, First Internet's Retained Earnings are quite stable compared to the past year. Accounts Payable is expected to rise to about 4.6 M this year, although the value of Common Stock Total Equity will most likely fall to about 134.6 M. Key indicators impacting First Internet's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.170.0866
Way Up
Very volatile
Return On Assets0.00140.0015
Notably Down
Slightly volatile
Return On Equity0.01980.0209
Notably Down
Pretty Stable
Debt Equity Ratio1.21.79
Way Down
Slightly volatile
Operating Income299.8 M285.6 M
Sufficiently Up
Slightly volatile
Current Ratio20.5321.61
Notably Down
Slightly volatile
The financial analysis of First Internet is a critical element in measuring its lifeblood. Investors should not minimize First Internet's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

14.27 Million

  
Understanding current and past First Internet Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Internet's financial statements are interrelated, with each one affecting the others. For example, an increase in First Internet's assets may result in an increase in income on the income statement.

First Internet Stock Summary

First Internet competes with First Capital, Finward Bancorp, Community West, QCR Holdings, and First Financial. 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. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana. First Internet operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 282 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3205571017
CUSIP320557101
LocationIndiana; U.S.A
Business Address8701 East 116th
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.firstinternetbancorp.com
Phone317 532 7900
CurrencyUSD - US Dollar

First Internet Key Financial Ratios

First Internet Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets4.2B4.2B4.5B5.2B5.9B6.2B
Net Debt174.7M176.2M462.9M313.9M361.0M379.0M
Retained Earnings126.7M172.4M205.7M207.5M238.6M250.5M
Accounts Payable1.4M2.0M2.9M3.8M4.4M4.6M
Cash419.8M443.0M256.6M405.9M466.8M490.1M
Other Assets1.7B1.5B4.0B(880.8M)(1.0B)(962.2M)
Net Receivables1.0B928.7M21.1M26.7M30.8M29.2M
Total Liab3.9B3.8B4.2B4.8B5.5B5.8B
Total Current Assets1.9B2.0B428.9M433.0M498.0M956.4M
Short Term Debt110.4M110M145M255.0M293.3M307.9M
Common Stock221.4M218.9M192.9M184.7M212.4M133.3M
Other Current Liab48.4M30.5M14.5M14.2M16.3M17.1M
Long Term Debt594.5M619.2M719.5M719.8M827.7M869.1M
Inventory(437.2M)(460.2M)42K(18.5M)(16.6M)(17.5M)
Intangible Assets3.6M4.7M6.3M10.6M12.2M12.8M
Net Tangible Assets300.2M326.3M375.7M360.3M414.3M252.2M
Long Term Debt Total69.5M79.6M104.2M104.5M120.2M126.2M
Other Current Assets437.2M460.2M(1.2B)433.0M389.7M321.0M

First Internet Key Income Statement Accounts

202020212022202320242025 (projected)
Interest Expense72.3M47.3M59.8M164.5M204.5M214.7M
Total Revenue91.6M118.4M113.4M84.4M291.9M306.5M
Gross Profit91.6M118.4M113.4M84.4M291.9M306.5M
Operating Income33.9M56.6M40.1M8.8M285.6M299.8M
Ebit33.9M56.6M40.1M4.9M5.7M5.4M
Ebitda41.7M65.3M48.8M10.7M12.3M23.2M
Income Before Tax33.9M56.6M40.1M4.9M27.5M16.9M
Net Income29.5M48.1M35.5M8.4M25.3M14.3M
Income Tax Expense4.4M8.5M4.6M(3.5M)2.3M2.6M
Tax Provision4.4M8.5M4.6M(2.4M)(2.2M)(2.0M)
Net Interest Income64.5M86.6M97.1M76.8M88.3M70.2M
Interest Income136.9M133.9M156.9M218.8M251.7M133.8M

First Internet Key Cash Accounts

202020212022202320242025 (projected)
Change In Cash92.4M23.2M(186.4M)149.3M171.7M180.3M
Free Cash Flow(12.5M)24.9M65.2M6.3M7.3M8.2M
Depreciation7.8M8.8M8.7M5.7M6.6M3.6M
Other Non Cash Items(22.4M)(13.8M)24.9M8.9M8.0M8.4M
Capital Expenditures25.6M29.9M17.5M5.4M6.2M5.9M
Net Income29.5M48.1M35.5M8.4M9.7M13.6M
End Period Cash Flow419.8M443.0M256.6M405.9M466.8M490.1M
Dividends Paid2.3M2.4M2.3M2.2M2.5M1.8M
Investments(44.8M)(254.8M)(366.4M)(603.9M)(543.6M)(570.7M)
Net Borrowings25.4M9.8M23.7M100M115M74.4M
Change To Netincome(36.4M)(25.3M)(9.6M)33.2M29.8M31.3M

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Internet's current stock value. Our valuation model uses many indicators to compare First Internet value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Internet competition to find correlations between indicators driving First Internet's intrinsic value. More Info.
First Internet Bancorp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.07  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Internet Bancorp is roughly  14.72 . At this time, First Internet's Return On Equity is quite stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value First Internet by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

First Internet Bancorp Systematic Risk

First Internet's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Internet volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on First Internet Bancorp correlated with the market. If Beta is less than 0 First Internet generally moves in the opposite direction as compared to the market. If First Internet Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Internet Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Internet is generally in the same direction as the market. If Beta > 1 First Internet moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in First Internet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Internet's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Internet growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.057

At this time, First Internet's Price Earnings To Growth Ratio is quite stable compared to the past year.

First Internet February 16, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Internet help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Internet Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Internet Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Internet's daily price indicators and compare them against related drivers.
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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Internet Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Internet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.748
Dividend Share
0.24
Earnings Share
2.88
Revenue Per Share
13.538
Quarterly Revenue Growth
0.367
The market value of First Internet Bancorp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Internet's value that differs from its market value or its book value, called intrinsic value, which is First Internet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Internet's market value can be influenced by many factors that don't directly affect First Internet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic 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.